Post
Topic
Board Economics
Re: bitcoin benefit of saving for a long time?
by
Triwnis
on 31/10/2017, 09:26:03 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


It will benefit you bigtime if you have stored your bitcoin for a long time, say for example if you have stored some bitcoins  last year and have a thought of looking at it only by this time, then you'll be surprise on how much it profits. As of now bitcoin value has already raised to $5000+ and that is no joke if you have stored a bitcoin for a long time and also we can say that this is the year for bitcoin.

The reason why bitcoin is keep on increasing its price is because of the demand and the supply is few. Everyone is holding their coins because they are all waiting for the highest value to come up.
I agree with you and a lot people or mining too everyone wants to keep it because everyone knows it is going to rise so everyone is holding and not selling because they want more profit.