Its up to you, if you need your bitcoins in order to support your current needs then I think it is better to give up your bitcoins and turn it on fiat but as long as you make it as your investment, try to hold on.
We have our own reasons why do we need to give up something and that reason may cause our neglection to our decision.
Topic: Why do I need not to give up my bitcoins? How does that going to benefit in the - page 3. (Read 573 times)
March 03, 2018, 01:10:08 AM
March 03, 2018, 12:16:11 AM
Because if you give up your bitcoin yes you can get profit but how about ifbthe bitcoin price increase again for sure you will be cry because instead of making more profit. You will earn some profit only. But they have advantages also if you sell your bitcoin because even the price of the bitcoin decrease your money will be stable or not decrease because you're already convert it into cash.
March 02, 2018, 11:59:58 PM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
What do you mean by giving up my bitcoins. ? You are confused with something and taking the bitcoin thing wrong way. Bitcoin is simple and decentralised currency for your own use. It was made like such that you could use it peer to peer transaction. "Be your own bank" is the concept coming from this currencies only. You don't have to rely on anything or anyone. You are own boss of your holdings and you don't have to sell anything for any purpose.
March 02, 2018, 11:30:54 PM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Is that really need to give up your bitcoin? Because for me i just give up my bitcoin if i see that i actually gain a huge profit but if not i didn't give up my bitcoin.
If you see the price of bitcoin will increase as much as many investors and users are involve on it, after a year the users will also increase that's why we need to hold it for long term.
March 02, 2018, 11:26:34 PM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Only you could check yourself for your own reason. For me, I cannot see any reason to give up my bitcoin unless there is already a movement in our country to restrict or ban cryptocurrencies. Most of the people give up their btc because of fear or impatience. But I would like to suggest to you to hold your coins, I am seeing more regrets in the future instead of the benefits when you let them go.
March 02, 2018, 11:25:57 PM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
In this aspect, it’s up to you as that decision is yours to make. But think before doing so, balance the situation and if it is worthy enough for you to sold at this price. If you will not lose in selling it then do it but maybe in a month or few weeks from now the chance for you to profit doubled in the future is a possibility. So take few step backward and breath before deciding on that.
March 02, 2018, 11:14:24 PM
Well, If you are a saver of bitcoin it will have a big benefit in the long run or in the future because we all know that bitcoin value was continually increasing and if you are smart person you will still wait until the bitcoin's value will reach the highest price and that's the time you need to convert it with fiat.
Bitcoin can not reach its maximum value until people converting them into fiat we need to hold our bitcoin for long term like more that five years at that time more peole will adapt to the crypto currency system which means the demand will be high so the value also high,but we no need to convert them into fiat we can use bitcoin as a direct form of payment in future. March 02, 2018, 11:11:11 PM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Because you will most likely lose money if you sell bitcoin on a long enough timeline. The OP is asking why to hold bitcoins, not sell them.
Limited supply, and a constant demand for bitcoin, will guarantee an increase on price.
Limited supply in no way guarantees an increase price. A constant demand, i.e,. stable, not decreasing but not increasing, will keep the price the same. We must have increasing demand to increase the price. But, as the supply growth slows and demand increases it becomes much harder for the price to fall back...unless of course the community abandons the idea. But why would anyone abandon the idea if it's already stable as a store of value?
March 02, 2018, 11:02:19 PM
Well, If you are a saver of bitcoin it will have a big benefit in the long run or in the future because we all know that bitcoin value was continually increasing and if you are smart person you will still wait until the bitcoin's value will reach the highest price and that's the time you need to convert it with fiat.
November 22, 2017, 02:19:35 AM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Of course it is because Bitcoin is still dominating the cryptocurrency market and take a look at it's price now it already reach the new all tine high which means Bitcoin will still continue to dominate in the near future which is good to people who keeps on holding their Bitcoins. Well if we are talking about benefits I think being a millionaire in the near future through holding Bitcoin is so much more than benefits because it would change our future and life and for me that would be the greatest benefits we can harvest in the long run most especially people who buy some Bitcoins before hitting the price oh thousands of dollars and still keep on holding for future purposes. 
November 22, 2017, 01:48:40 AM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Holding allows you to get the benefits of the price fluctuations. Imagine if bitcoin burst up and ended up at 10,000$ tomorrow. If you bought at 8000$ today, then your current amount evaluation in USD would be a 25% increase. If you were to give up your bitcoins and sell at 8000 again, you would lose out on the amount that you would have made. I suppose you should pull out of btc if you don't believe it has a future, but that's a personal decision.
November 22, 2017, 01:38:41 AM
if you can hold it for much longer time for sure it will bring a big profits from your investment, if you notice most of those replied are positive that bitcoin will grow more and it will not stopping from here, that's most reason why people tend to hold what they currently have and avoid using it if there's no emergency cases, bitcoin would bring fortune just hold and wait.
November 22, 2017, 01:35:28 AM
In long run your bitcoin today that is valued $8000 may be above $500,000 and that is the reason why you should not give up on bitcoin. A friend advise me that we ought to saved 50% of our bitcoin earnings now in other to turn it into millions in our local currency in future. Your holding now might be able to be more than your retirement benefits in future. Bitcoin is still at the early stages of it development and in years to come, when it is fully grown we may have one bitcoin equal to $1,000,000.
November 22, 2017, 01:33:19 AM
Just take a look on bitcoin graph over 7 years, bitcoin show a promising value so it's worth for investing in long term.
The question only, how dare enough do you to keep bitcoin for next 4 year. Bitcoin is risky investation but it yield more profit than usual investation
The question only, how dare enough do you to keep bitcoin for next 4 year. Bitcoin is risky investation but it yield more profit than usual investation
November 22, 2017, 01:26:07 AM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
if you give up then you will incur losses amount of money you have bought dibitcoin, then you do not give up easily to gain profit in bitcoin.
November 22, 2017, 01:18:44 AM
You should read the stories where people became millionaires of the era just by holding the bitcoin. It was time when people just stored these digital currency for fun but who would had imagined that one day that fun game will turn them into millions of property holders and they did make it upto there thats why we have the stories alongside.
People have been lucky enough because they either had faith in the bitcoin or may be they just tried there luck out with something that became more than 8K worth today. So you imagine yourself in the situation like that, well you won’t be millionaires for sure but you will have the wealth which you may not earn after 10 years of hard work which you can earn just by holding your bitcoin in the right place. :-)
November 21, 2017, 06:32:36 PM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
If you can hold your bitcoins for now, so do it.Corrections surely will happen, but even if BTC lost 60% of the current value , he's still worthing a lot, and the chances are the price keep growing in the long-term.
November 21, 2017, 06:18:00 PM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Don't give up your bitcoin easily because you may miss the opportunity to make more money. A lot of people sells on panic and look where theye are now, buying back and suffering from a loss. If you just HODL your bitcoin you will surely earn big profit in the future, be more patient if you don't need that money then hodl.
November 21, 2017, 05:43:16 PM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Because a lot of people regret that they did it. In the past a lot of people who are holding a lot of bitcoin sold their bitcoins for a cheap price because they are thinking that bitcoin is dead and being that popular. But just after some years, bitcoin reached the price of $2000 and made a comeback after the price dump at what happened at Mt. Gox.
A lot of people regretted that they had sold their bitcoins so easily and with a cheap price. It may not be a benefit in the future but with out a doubt, it will be a profit.
November 21, 2017, 05:04:26 PM
Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
please be specific. what do you mean by give up? do you mean selling, giving it to others, or just leaving it up forever? you cant benefit much if you give up on your bitcoin rather the best to way to get benefit on bitcoin is by holding it for a long time therfore you can earn a profit if its value will increase or pump in the future. dont give up mate, i know you can do it.
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