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Topic: Why do I need not to give up my bitcoins? How does that going to benefit in the (Read 573 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Although bitcoin does not have a stable price, it has its advantages. Its price can grow by one day to several thousand dollars, and you can earn on it, but you can lose it if you are not ready for such a rise in price. But bitcoin is also more than just an investment - it's the future of digital currencies.
There always a package of pros and cons for everything out there that exists on planet earth. Same is case with bitcoins, many advantages and disadvantages as well. Well, I consider bitcoins have more merits than demerits.

People are loving them, earning form them, using them as payment method, increasing their financial health, fulfilling needs with them and much more.
Bitcoin has some disadvantages but most of them are going to disappear, the greatest disadvantage right now is in my opinion volatility but that is going to go away once adoption grows significantly after all we cannot avoid the volatility of the market if a very low amount of people around the world have invested in bitcoin, that is why the price changes so much because from time to time we get a new influx of people buying bitcoin and this pushes the price up.
legendary
Activity: 2688
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Since Bitcoin is a long term investment it will give you a good profit in a long span of time. You need to hold your Bitcoins specially when there's a price drop because selling it might get you 0 or less profit gained. You have to be patience with bitcoin because the expected profit will be years for you to get but it is worth it because it is a high one. Sell it all when it comes to its high value so you will have a high profit as well.

Who says "Bitcoin is a long term investment"?  Bitcoin uses peer-to-peer technology to operate with no central authority. [1]

Do not invest recklessly just keeping the bitcoin up to high value is not a good plan.

If you do not trust Bitcoin, don’t use/invest in it.
Trying to cut losses after price collapse is the worst scenario.
hero member
Activity: 1498
Merit: 502
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Although bitcoin does not have a stable price, it has its advantages. Its price can grow by one day to several thousand dollars, and you can earn on it, but you can lose it if you are not ready for such a rise in price. But bitcoin is also more than just an investment - it's the future of digital currencies.
There always a package of pros and cons for everything out there that exists on planet earth. Same is case with bitcoins, many advantages and disadvantages as well. Well, I consider bitcoins have more merits than demerits.

People are loving them, earning form them, using them as payment method, increasing their financial health, fulfilling needs with them and much more.
member
Activity: 634
Merit: 10
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??

Cause bitcoins might give you good future. Investing in bitcoin is risky, you need to have lot of courage and belief that it will give you good benefits in the future. It might be risky but if bitcoin happens to succeed and rise in the future, definitely you'll not regret investing in it. We all know that bitcoin is just getting started, it is now widely accepted in most of the countries that can give more investors to invest in bitcoin and will be the reason for price to increase.
newbie
Activity: 126
Merit: 0
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??

because holding it for a long time and wait til its rich the higher value to sell is the reason why you don't need to give up on bitcoin. Bitcoin is still fresh its starting the journey today and have a good future so don't lost your hope by holding it in a long run be encourage for all the expert analyst that bitcoin will make a new history this year that from $20k it will blows up to $30k and thats possible to happen because more and more people have notice what bitcoin is.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Now bitcoin has fallen in price, I think you should not panic, wait and be able to sell it more expensive in a couple of months.
The price is low right now but it is not something to worry, if you can afford it this can be the right time to get a lot of bitcoin for a good price if you cannot afford it then just keep holding your coins just do not make the mistake of selling them after all, if you did not sold your coins at 20000 why you're going to sell them at 8000? That will not make sense.
full member
Activity: 308
Merit: 100
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
i'm only holding 0.005 btc this past january 2017 and it's 10x by now

So think after 10 years or more of course i say even we take a risk here still the chance to earn is big like my earning

Actually if you have btc there's a lot of ways how to use it like variety of payment method and etc
member
Activity: 868
Merit: 63
Since Bitcoin is a long term investment it will give you a good profit in a long span of time. You need to hold your Bitcoins specially when there's a price drop because selling it might get you 0 or less profit gained. You have to be patience with bitcoin because the expected profit will be years for you to get but it is worth it because it is a high one. Sell it all when it comes to its high value so you will have a high profit as well.
member
Activity: 142
Merit: 10
crestonium.io - 0% fees cryptobank
We must never give up on our bitcoins even the price will drop in a very low value because bitcoin will always recover and it is ideal for a long term investments. Many holders had prove this and they become millionaires afetr holding in a long time.
member
Activity: 220
Merit: 10
Investing in bitcoin is profitable. Even if the price is now low, bitcoin will still recover and conquer new peaks. So it was many times and will always be. Do not forget, the number of bitcoins is limited, but people who want to have bitcoin every day more and more.

So on red days - without panic, gentlemen! Everything will be well. Do not lose money in the red days and you see a lot of profits on bitcoin!
jr. member
Activity: 196
Merit: 1
The unit of bitcoin released on the whole Marketplace is limited and it will take timely effort to add more supply and adding supply of bitcoin will cause distrust. So you need to keep and hold your bitcoin because when many look for them the price will surely increase...
newbie
Activity: 89
Merit: 0
Saving bitcoin as a future investment is definitely profitable as its volatile price might make you good money and it is possible that it totally eradicates the fiat which won't be happening anytime soon but it is possible. As reaching 20k wasn't predicted but that did happen, right? So just stay positive and hope for good. But if you want to sell all you bitcoins with full consent and not regret later if it ever reaches greater heights, you'll not be stopped but hodling is advised.
Yeah bitcoin is the volatile currency it use to increase in price so if you will save it for the long time, it will increase it is the opportunity for people to get fast profit, bitcoin has the opportunity to be high in profit some experts made prediction that this year bitcoin is going to be 100k and it has started to grow so for those who are agree to save are going to be milliners after sometime it is already almost 20k dollars.
newbie
Activity: 42
Merit: 0
Now bitcoin has fallen in price, I think you should not panic, wait and be able to sell it more expensive in a couple of months.
sr. member
Activity: 743
Merit: 250
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??

Because you can make very huge profit as soon as the Bitcoin's price increase highly. If you sell with the low rate you may regret in the future, when the price reach good level. Keep holding patiently and just dont panic when the price go down, it will go up again because Bitcoin's price is volatile.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
Saving bitcoin as a future investment is definitely profitable as its volatile price might make you good money and it is possible that it totally eradicates the fiat which won't be happening anytime soon but it is possible. As reaching 20k wasn't predicted but that did happen, right? So just stay positive and hope for good. But if you want to sell all you bitcoins with full consent and not regret later if it ever reaches greater heights, you'll not be stopped but hodling is advised.
Bitcoin is predicted a very bright future and if someone really wishes to have a bright future, it is better for him to kick out such thoughts like giving up on bitcoin now when it is going through a dump and save himself from any further loss, out of his mind. Bitcoin is the future of money. It is the best investment tool so far the mankind has discovered. Due to its volatile nature, bitcoin decreases but that does not mean it won’t increase.
Seems like you are very sure on what would be the thing that would happen to bitcoin in the future and I would tell you this, no man would able to predict the future ahead specially on crypto we might able to see the potential of bitcoin and the possible development and acceptance ahead but we cant really guarantee that this thing would sustain for long time being and I do strongly believe that in future it cant really be considered as the future of money.We might see its progress but wont come to a point where it would replace local fiat.
sr. member
Activity: 798
Merit: 253
Saving bitcoin as a future investment is definitely profitable as its volatile price might make you good money and it is possible that it totally eradicates the fiat which won't be happening anytime soon but it is possible. As reaching 20k wasn't predicted but that did happen, right? So just stay positive and hope for good. But if you want to sell all you bitcoins with full consent and not regret later if it ever reaches greater heights, you'll not be stopped but hodling is advised.
Bitcoin is predicted a very bright future and if someone really wishes to have a bright future, it is better for him to kick out such thoughts like giving up on bitcoin now when it is going through a dump and save himself from any further loss, out of his mind. Bitcoin is the future of money. It is the best investment tool so far the mankind has discovered. Due to its volatile nature, bitcoin decreases but that does not mean it won’t increase.
member
Activity: 200
Merit: 10
It is very simple you should hold it if you want to reach the highest earnings that you want to have this year. Simply if you do hold it you will gain a lot of money. Try to be patient and hold it until December because it is the season of a high price in bitcoin.
member
Activity: 126
Merit: 59
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??

No one can tell you that because no one can predict with certainty what will befall Bitcoin and crypto in the future. If the cryptoverse collapses in a major way or even in its entirety, then there is no reason not to sell right now while the prices are still high. But if the price picks up where it left off, then it will pay in the future if you keep your coins now. In other words, if it doesn't hurt you badly in a financial sense, stick to your guns, thats is, bitcoins.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Although bitcoin does not have a stable price, it has its advantages. Its price can grow by one day to several thousand dollars, and you can earn on it, but you can lose it if you are not ready for such a rise in price. But bitcoin is also more than just an investment - it's the future of digital currencies.
Exactly, that is the point, bitcoin is the future, there are people that sold their coins at 20000, they got great profits without a doubt however when you think about the potential price of bitcoin could reach in the next decades selling for such a low price seems like a bad business decision, this is why you should keep them because in the future those coins are going to become incredibly valuable.
member
Activity: 210
Merit: 10
The revolutionary trading ecosystem
First you will benefit from your Bitcoin. You may take note on the amount of Bitcoin or the exchange rate as you purchase Bitcoin. By holding it, in the long run you can see how much you will earn as time passed by. So not just waiting for the right time to sell your Bitcoin in a high price or as you target what amount you will set your Bitcoin for sale.
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