Post
Topic
Board Economics
Re: bitcoin benefit of saving for a long time?
by
PanZerrr
on 26/03/2017, 17:16:25 UTC
of course,saving bitcoin will give you benefit  you just need to save it for some time or hold it for a few years. depends on your need
you will benefit by reselling your bitcoin at a higher price?

Saving bitcoin for a long term is always an right decision to make as it has an ability to achieve best price in future so at that time if you have enough bitcoins in your wallet then you can sell them at that time and can get huge profits in return but you have to make sure that you sell your coins when you are making profits from it instead of holding too long.
Well you also have to be wise to observe if the price is already right to sell. We can never know what may happen and how btc's future will unfold so keeping it for years may or may not reap good rewards. If you're up for it and you feel confident about it, then save your btcs. Imagine if you believed in btc when it was starting out and bought a lot like 4 years ago, if you had a thousand btcs then, you're filthy rich now. But again we can't really be sure of what's going to happen in the future so hold to it at your own risk
I really agree with your words, because some time ago, bitcoin was much cheaper and those users who bought or earned bitcoin at that time now have a profit several times more with the help of conservation.

Yes, I agree, they make a profit. But now bitcoin is unstable. And the news about the fork of all is disturbing.
Perhaps in the long term, holding bitcoins will bring profit.