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Re: should i save btc for future?
by
Bitcoinbro
on 18/05/2016, 13:03:47 UTC
i have a little doubt about btc price in future.should i save btc for increasing value of bitcoin?

or maybe price of btc will be down in 5-10 year
just imagine about future of btc and tell me should i save bitcoins for future or not...?

if you have doubts about price in future i can say that price will be much larger than now as in 2 months we will have bitcoin block reward halving, so price will rise then for sure

so i think that it is really worth to invest in bitcoins and save them for year, or even more than 2 years as bitcoins will be more popular later so their price will rise too

Saving for more than 2 years is not profitable. In 2 years I can make more money by using it actively in exchanges rather to save it for years. If price will bloom in the next 2 years I will get more value in terms of exchange rather than the fixed value of those save coins.

Saving too long can never be profitable as we don't know what will be the price after two years, and if price falls then you need to go through huge loss.

if the price drops, of course you have to be patient much longer, because of the possibility of bitcoin prices will increase in the future. it all depends on your beliefs, if you have faith, maybe it would be good to keep for 5-10 years

Holding for 5 years is acceptable but 10 years would be really long time and we might get clear idea in next 5 years that what will the future of bitcoin.

I can hold upto 5 years. then I will sell it. Either with profit or with loss. The thing is my short term savings are into bitcoin so there is no unlimited period as to how long i can keep it.
Selling will be done eventually.
As you can see now you see also that there are a lot of people that is saving their Bitcoin for later because the value is stable for a long time so we cant sell it and that is bad.
So we have to wait now a longer time until the value will be more and that is bad for the most people.
Therefore we should ride with the majority of people here, I don't want to be left by the train of fortune. I do believe that bitcoins price will really rise in the future, i do not see any indication that it will go the other way. Plus due to the halving fever it would hype more the price to increase.

The future of bitcoin will depend on halving, if price goes higher then we don't need to worry about the future as we will see constant growth in the price of bitcoin.
You are right about that the fact is that the halving will depend the future of the bitcoin without any doubts, I think the future of the bitcoin is pretty good but its still not a 100% chance it will.