Is Bitcoin the best Long-term Hold? - page 9.

Gwapoman

jr. member

Activity: 252

Merit: 8

Quote from: peter.from.penn on February 22, 2018, 12:51:52 PM

I have been in the market for awhile, and always hear the same mantra about trading to hold more Bitcoin and not Fiat. I bought into the same mentality for a long time, but I'm changing my tune. In almost every industry, first generation leaders are replaced by competition. From Sears, Kmart, Nokia, Motorola, Yahoo, MySpace, etc. Although Bitcoin is the current crypto reserve currency, I think that its dominance is threatened by ALT coins with faster, cheaper transactions and greater scalability. What do you think? Is it smart to hold Bitcoin as a long-term investment, or are there better choices among the ALT coins like Ethereum or Litecoin?

I would go for altcoins..as an investors we are always looking for the growth percentage of our capital and altcoins have more potential with that compared to bitcon..

Bitcoin had always been treated as a "gold"in this crypto market,but crypto now is not only about decentralization.its now more focused with advancement of technology and development in a decentralized system.
Like what youve said industry Pioneers had always been taken out by new competitors and theres really a big possibilities that same thing will happen with bitcoin and the cryptocurrencies.

baundul

full member

Activity: 307

Merit: 100

I think Bitcoin is the best one to hold long lasting. The price downward everything, bitcoin now. It is not ok to compare something with someone. You can get 2% -5% profit from the share of mobile, but the profit here is likely to be even higher. You can make trading with alt-coin. The alt-coins will give you some profits for a short term.

emberbekas

legendary

Activity: 1904

Merit: 1000

Quote from: gunungkembar on May 13, 2018, 12:42:22 PM

for a long time bitcoin is perfect because bitcoin prices are now somewhat more expensive than the price of a few years ago and it is certain that have bitcoin from 2011 until now they can become one of the richest people.

People who knows bitcoin earlier and hold it for long term already gain a good profit today. And as I guess, the price will keep continue ro raise in the next few years. I am definely sure holding bitcoin for long term will still profitable.

quesi_job

copper member

Activity: 98

Merit: 1

I think there are other alt coins that are promising and worth hold for a long term bases.

usama98

member

Activity: 112

Merit: 11

Quote from: peter.from.penn on February 22, 2018, 12:51:52 PM

I have been in the market for awhile, and always hear the same mantra about trading to hold more Bitcoin and not Fiat. I bought into the same mentality for a long time, but I'm changing my tune. In almost every industry, first generation leaders are replaced by competition. From Sears, Kmart, Nokia, Motorola, Yahoo, MySpace, etc. Although Bitcoin is the current crypto reserve currency, I think that its dominance is threatened by ALT coins with faster, cheaper transactions and greater scalability. What do you think? Is it smart to hold Bitcoin as a long-term investment, or are there better choices among the ALT coins like Ethereum or Litecoin?

Bitcoin is best for long term investment because Btc is less risky then other altcoins and the prices of Btc are also high, "Invest more earn more".

gunungkembar

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Activity: 576

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for a long time bitcoin is perfect because bitcoin prices are now somewhat more expensive than the price of a few years ago and it is certain that have bitcoin from 2011 until now they can become one of the richest people.

ololajulo

sr. member

Activity: 2240

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SOL.BIOKRIPT.COM

Bitcoin is the not the best but the safest to hodl with very little risk. If Bitcoin stops existing that means the end of the of cryptocurrency at large, It will cause a terrible FUD in the community that holder wont be able to recovered from. For now, no fear of hack except for government regulation which should help ICO and reduce fraud and scams

magmar

sr. member

Activity: 476

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Quote from: peter.from.penn on February 22, 2018, 12:51:52 PM

I have been in the market for awhile, and always hear the same mantra about trading to hold more Bitcoin and not Fiat. I bought into the same mentality for a long time, but I'm changing my tune. In almost every industry, first generation leaders are replaced by competition. From Sears, Kmart, Nokia, Motorola, Yahoo, MySpace, etc. Although Bitcoin is the current crypto reserve currency, I think that its dominance is threatened by ALT coins with faster, cheaper transactions and greater scalability. What do you think? Is it smart to hold Bitcoin as a long-term investment, or are there better choices among the ALT coins like Ethereum or Litecoin?

There are a lot more coins out there that are much great at the long term investment but I am not saying that the bitcoins are not great. Theybare great indeed and there are nothing that can beat them yet but I am just saying that there are some altcoins that have much more lower value that are great in very long term investment like for 5 years and above. I am saying that lets give them a chance like the ethereum and other like litecoins. I know that they can be better. But still bitcoins are the best, for me the more investment the better

shimlbit

legendary

Activity: 1302

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Right now I bought bitcoin for a long position. In the next two or three days I expect a bull rally. I hope everyone on this event to make money.

tegaisaffluent

newbie

Activity: 266

Merit: 0

Personally, I think the reason we are holding is to make profit. So what really drives me in deciding what I hold for long is the value the coin has, security then how much profit I can make. I have seen so many altcoins do over 15000% increase in profit while bitcoin at a time pulled about 3120% increase in profit. I keep sentiment a part. However, my decision many times is contingent on prevailing market conditions.

vietawake

newbie

Activity: 7

Merit: 0

I think it is not the right time to hold the bitcoin because it is still in downtrend

otunayode

full member

Activity: 462

Merit: 100

Considering the result of bitcoin over the year and comparing it to other asset and indeed other cryptocurrency, bitcoin has perform better! The hold value of bitcoin is priceless. Continue to hold bitcoin.

Bitexpert2017

member

Activity: 224

Merit: 10

Until now crypto currencies are the long term hold because it is the most expensive crypto still if you are holding bitcoin since it was invented then you will be very rich.

mojacho

newbie

Activity: 137

Merit: 0

I believe so, as far as the whole market is defined by BTC rates. If Bitcon fails, all others will fail too.

pelipurlara

member

Activity: 364

Merit: 10

Quote from: Gabteb on May 05, 2018, 05:44:26 AM

I think there are many other coins which could be good for long-term Hold ETH for example ,maybe some privacy coins Monero,Dash,Onion so BTC is not only coin i think.

I just assume my comparisons are self-tested from some coins with bitcoin and the comparison shows the advantage of bitcoin is 20% more than other coins. For me bitcoin is the best long-term, because I think the bitcoin price fluctuations are more predictable than other coins. But that does not mean other coins are bad for the long term

Aamir1

hero member

Activity: 756

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Quote from: MASDAS87 on May 10, 2018, 11:56:19 PM

Actually Bitcoin is the best long-term investment and hold. if you invest in bitcoin for long-term it will be wise wise decision and you will most benefited. the price of Bitcoin is getting very high and end of the year 2018 bitcoin price will be $25K because bitcoin is decentralized digital currency now bitcoin is most popular and most demand-able.

I think it depends upon the need because of you need cash money for your daily needs and you don’t have any cash in your hands then you will have to sell some of your holdings. Otherwise holding is far better than selling because investment in bitcoin should be for long term if you want big profits. I feel that if you don’t need money then no need to sell bitcoin.

emmybd

full member

Activity: 1218

Merit: 112

Pundits are divided in their opinion some think that bitcoin would be the best for the long-term hold and some others think that Ethereum would be the best to hold. I think if you are holding in between six months to a year then bitcoin would be the best and if you are holding for several years then Ethereum would be the best.

beezunus

full member

Activity: 420

Merit: 100

I think bitcoin will indeed be more profitable if we hold it for the long term because bitcoin prices will surely rise again and than you do trading it will be safer to hold for long term

GalaxyWorld

member

Activity: 406

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Anyone who thinks bitcoin holds for a long time is good. Yes, but to do this is not easy, you should think if you buy bitcoin when it costs 10K and it goes down to 3k, do you still hold Huh

? If you have the confidence to keep you successful.

krankNL

full member

Activity: 225

Merit: 100

Quote from: geegaw on May 13, 2018, 09:08:29 AM

Quote from: Firefox07 on May 13, 2018, 08:07:30 AM

Not only bitcoin is good for long term holding. There are also many altcoins in the market that are good for long term holding. Like ethereum. And i have one alt that i hold now. The appcoins.

I like your opinion, at the present time, I no longer think that bitcoin is the best long-term hold because bitcoin seems to have reached a very high value, although it still can continue to increase but it also can not increase strongly as in the past. Holding it will not be able to achieve the highest profit, we will even feel that we are wasting money and time while what we can get is very little, altcoin is becoming the better choice for long term hold when it has more opportunities and space to achieve higher values than ever

Bitcoin is generally for long term trade because it doesn't fluctuate like other altcoins. Altcoins rather than bitcoin fluctuate much so you may not hold them in long term to get your profit, sometimes couple of days bring you good money.

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