why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
for me they are just keeping it and waiting for the right time to convert or trade it. Especially if the rate of BTC is high.
That will only be a good plan if you are specific with it, we have different perception on a high price but you need to ensure that you will make a right plan to sell when you the price hit at the specific figure. You know what, this is the common problem of long term investors, they always seek for a high price until such time they will miss the time to sell and get frustrated.
Yes that is the common problem with long term investors they didn't have specific price for their sell offs and they just plan to hold their coin and expect everytime that the price will go even higher even it reaches its ATH price. If you are a long term trader make sure that you have a specific target price so you can avoid frustration and also regretting your move.