Post
Topic
Board Economics
Re: bitcoin benefit of saving for a long time?
by
Zooplus
on 01/04/2017, 05:04:20 UTC
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts


the benefit are obvious aren't they? by holding your bitcoin become more valuable, and without doing nothing you could be rich!, what you want more than this? only gold offer this same thing but gold is going anywhere anymore, bitcoin has a very potential to go 10x or 100x in 10 years, i'm all for bitcoin
Yes Bitcoin is like a long term investment and have proven to give very very good returns in long term and more profitable than gold.
In 2009 you could buy lots of Bitcoin for $1 and in 2013 price was above 1000$ for one Bitcoin only.
You are correct but at the same time the biggest hurdle seems to be in the way of bitcoin we need to somehow take a decision about what solution to the scaling problem is going to be chosen if there is a hard fork you can be sure the price is going to crash.
If you believe that bitcoin is worth saving as your long term investment then you should not believe in hard fork. Check out the price currently,
after it dump it started to recover now, that means it's strong asset and many still believe that it will continue to progress.