Is earning BTC can be good in the future? - page 3.

Windpower

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Quote from: tampazeus on October 13, 2016, 01:21:11 AM

Quote from: Windpower on October 13, 2016, 01:17:35 AM

Quote from: richjohn on October 12, 2016, 10:19:59 PM

I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?

Well I definitely think that saving Bitcoin for the future is a good thing. If Bitcoin does catch on, then you might make quite a bit of money selling it, or you could just keep the Bitcoin and spend it.

Yeah as we all know that bitcoin has a great future ahead and it will holding some really good price so its always good to save enough coins to make good money from it in future.

Well we don't know that Bitcoin will have a good future, but we definitely can hope. I would definitely recommend storing as much as you can though because the price is rising quite a bit.

tampazeus

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Quote from: Windpower on October 13, 2016, 01:17:35 AM

Quote from: richjohn on October 12, 2016, 10:19:59 PM

I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?

Well I definitely think that saving Bitcoin for the future is a good thing. If Bitcoin does catch on, then you might make quite a bit of money selling it, or you could just keep the Bitcoin and spend it.

Yeah as we all know that bitcoin has a great future ahead and it will holding some really good price so its always good to save enough coins to make good money from it in future.

Windpower

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Quote from: richjohn on October 12, 2016, 10:19:59 PM

I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?

Well I definitely think that saving Bitcoin for the future is a good thing. If Bitcoin does catch on, then you might make quite a bit of money selling it, or you could just keep the Bitcoin and spend it.

raaajlucky

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Yes, collecting Bitcoin is the right decision for your future. But don't keep your Bitcoin simply in your wallet, do something with that, means any business or Trading anything what you are interested, Just rotate the investment in different platform and increase your revenue. This may help you in your future. If you simply collect BTC and keep it in your wallet means it's no use.

groll

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Like what you have said, we cannot predict the movement of the price of bitcoin, it is unstable. The best thing for us to do is to always monitor its movement so we know when we should sell it or to just keep it.

I have a little amount of bitcoin, and always exchange it to fiat currency but I may say that keeping it is a good thing. It would be great if you would just hold it and wait for the price to goes up. Sure that there is a good future in bitcoin.

lienfaye

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Well for me saving bitcoin is good because its like saving money and spend it when you are in need but you dont have to wait for a long time holding it. as long as you see that the price are going up you can sell it to make profit. but i will still hold some of my coins for future uses.

choppork

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Earning any amount of money no matter in what form it is is good unless the way you earned it is illegal. Holding your Bitcoins is just another way of earning fiat. We can't predict how much exactly it would be in the future that is why we should always look for the present price of Bitcoin so we wouldn't lose our opportunity to sell at a high price.

In an instance, you waited for 5 years and didn't check the price. But when you got back, the price was the same as when you started to hold your Bitcoins. You'll surely be disappointed but there's a big chance that you missed all those major increases that Bitcoin had and you've returned at a very bad timing.

mk4

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ofcourse it's good. looking at the graph alone, it's obvious that bitcoins is gonna rise alot more through the years.

amacar2

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Holding bitcoin for long term as a passive investors may be profitable but better to keep checking price and recent bitcoin news so that you can dump your bitcoins when large dump starts after events like bitfinex hacks or any other exchanger/wallet hacks.

Doms

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If you are earning bitcoin through signature campaign or some other way that doesn't require too much time, then I can definitely say that its worth it. You don't have any capital investment here, just your time and a bit of knowledge. If you have the patience to keep everything that you earn and hold it for a long time, I am sure it is going to sum up to something substantial.

The Sceptical Chymist

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Can't see why anyone would want to spend bitcoin when it's so volatile. Bitcoin is for a-saving, not for a-spending. Would you spend a shiny gold coin? I thought not. Same goes for bitcoin.

bitbunnny

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We can't predict the price, that is true, but saving Bitcoins can do no harm. I beleive that majority of people has some smaller or biger savings for the future or waiting for price to go up. Just have to watch how the price is moving to prevent eventual losses.

~Bitcoin~

legendary

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Actually there is no guarantee that bitcoin price keep on rising or pumping in next few years so we may see many dumps and pumps in middle. However speculation over price getting doubled or even trippled in coming years is very high and looking at the whole bitcoin trading chart from the begining we can see nice exponential rise till now but better to keep on selling on pumps and buy back at dumps rather than holding for next 5-10 years to sell for profit.

buxlover

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Saving bitcoin for future is like gambling, Price of bitcoin or any other currency cannot be predicted, Everyone has is a hunch. But if you consider bitcoin as investment for future, Go ahead and save what you can afford to loose, So in that case even if the price drops to bottom you need not worry much.

But i suggest you to earn and spend bitcoin as normal fiat currency, who knows in future some other technology might take the place of bitcoin.

Viyamore

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Yes ,it is always good to spend on bitcoins even we can't predict what will happen in the future great things will happen in the future as of now bitcoin and blockchain technology tends more adoption in some countries .time will come your save bitcoins will be worth .
What you earns for now you can save some of it and invest some for it to grow do smart way of growing your bitcoins not just staking it on your wallet .

springgers

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It's a risky, no one can say to you what will gonna happen, or we will have a lot of millionaires over here.
This envolves human emotions, so it's unpredictable. Make your bets.

nydiacaskey01

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Quote from: richjohn on October 12, 2016, 10:19:59 PM

I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?

Yes if the Bitcoins that you earn now are just accumulating and you don't touch it or exchange it, it just sit there till you need it to be exchanged. one good thing about Bitcoins is you can save it and it somehow earns because price fluctuates from time to time and another thing is its non-taxable unlike the regular savings account in a bank or a time deposit, anything you earn is subject for taxes.

bravehearth0319

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Quote from: richjohn on October 12, 2016, 10:19:59 PM

I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?

Earning BTC for me is a big chance to anyone, it has a good in fact in the near future. I do believe that a years from now many countries will totally adopt the system of bitcoin, when it comes to benefits for the users and advantage for the investors.

lorylore

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Bitcoin right now is like a form of investment. There is not many service that we can spend our btc on. So now it is just mainly speculation. However, bitcoin has a unique stand in this world and it can fill in some gaps that other things cant afford so there is still some demand for it.

ImnotOctopus

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Nothing in history that saving or holding bitcoin is bad cause the price keep rising as time goes by.

Even of youre not holding bitcoin, if you spend everyday you cant feel any loss.

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