Topic: Is Buying and Holding the only way? - page 7. (Read 4363 times)
Buying and holding bitcoin is a good idea since it will provide more possibilities that you can have a better life in future with them. Also, if you want to make more money aside from just holding then you can try to do some investing in different ICO's that you think that is good for the future.
The most interesting part of cryptocurrencies is the appreciation in value, so Buying and Holding is definitely the way for me. Of course there are other options which poses higher risks as well, bitcoin is sure to generate much returns in 2 months or more; if it perhaps drops in value, it is sure to rise again because Bitcoin keeps gaining new ground each day in the global market.
Mining is only profitable if you are going to run a large mining farm. In other case it doesn't pay off these days because Bitcoin price had been increasing a lot in the past months. it was much more profitable to buy cryptocurrencies instead of trading or mining. Holding is the best way for people who are not into mining and trading. Both of these activities require some knowledge which might be not easy to get. It depends on you which one you will choose. Do you want to earn a lot of money in a short period of time or have a stable guaranteed income?
No. It isn't. There are a couple of tragedies which have worked in the past. Hodling is just one of them. But buying and hodling might be bad in cases where one bought at the top and it comes crashing yet you keep hodling. That will be bad. Another strategy is buy selling higher and buying lower. This way, you won't be living money on the table. Hodling works too but not all the time.
Where is the best place to get information on the best coins to hold?
Indeed, solo mining right now is not profitable. If you have enough money to buy an antminer, why not study crypto trading and invest your money there? Also you could try lending your bitcoins on exchanges but I think the ROI is not that appealing.
There are variety of ways to obtain bitcoin. One of the easiest and most convenient is joining campaigns to get paid for. Another is gambling. But you are likewise a newbie. I say it's not worth the risk.
i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? 
I think if you buy bitcoin after that you just let and hold the bitcoin you have it seems your assets will not be fast to grow, you better use for altcoin trading because with altcoin trading you can grow the assets you have.
no that's not the only way you can trade with your balance at anytime if you have enough knowledge about trading
You could also try alt-coin mining I have read that it is more profitable than mining bitcoin.
There are tons of good alt-coin to mine and they are easier to mine compared to Bitcoin.
There are tons of good alt-coin to mine and they are easier to mine compared to Bitcoin.
i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?
Holding for several years is a very wrong decision. because the future is never predictable. So from now on, you should set a more reasonable strategy to improve your financial situation.You can trade daily and set quotas for yourself. It gives you a better spirit every day.
I agree with that kind of mindset. But trading, you almost need to be 24/7 to check the trends and other factors that might affect your investments. But if you already know what you are doing in terms of trading, you can really get your profit so fast. You just need to carefully select which coins or tokens to invest with.
i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?
Well what do you want? To earn bitcoins? You can get bitcoins without buying.
You can earn it using signature or bounty campaign or if you have skills you can offer your services.
For me i also think that mining is not a good choice because you need to pay huge bill in electricity especially if your country is selling power in high price.
Also you need to to have good devices and always maintain it.
Also if you want to try other cyptocurrency, you can do it theres a lot of new and promising ICO out there that you can invest.
Its much more cheaper and it may be a good experience in trading.
Yes, amid the low price of bitcoin, buying and holding it for future price increases is the solution.
I am sure the selling price of bitcoin can rise again higher. we can achieve big profits.
I am sure the selling price of bitcoin can rise again higher. we can achieve big profits.
i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?
Holding for several years is a very wrong decision. because the future is never predictable. So from now on, you should set a more reasonable strategy to improve your financial situation.You can trade daily and set quotas for yourself. It gives you a better spirit every day.
You know that bitcoins is certainly growing it's value in long-term making it well worth the cost, but buying Bitcoins might be costly the cost might be $8K.
So I indicate you to obtain other cryptos which may have a great potential to cultivate their value in future.
The potential for asset matters absolutely the most in about any investment, so you must carefully study concerning the altcoin they're investing in.
Investment without knowledge is similar to gambling.
So I indicate you to obtain other cryptos which may have a great potential to cultivate their value in future.
The potential for asset matters absolutely the most in about any investment, so you must carefully study concerning the altcoin they're investing in.
Investment without knowledge is similar to gambling.
I think for bitcoin is better to buy and hold only because I believe the value will keep growing. But you can buy altcoins and do daily trading as altcoin also can earn profit.
For now it is the right time to buy it and hold it .. but still have to be able to assess the market and you have to buy it when the price goes down and buy according to your ability .. after that you have to hold and save until the price goes up high and then sell to get big profit ..
i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?
it is interesting if someone asked about the growth about bitcoin a year ago or more just like you. because you can see the price is already surpassed.
with just buy and keep holding it, you cans see the growth of the coin value in next few years.
For me, you have a choice if you want to sell your bitcoin to lose a little bit of money so that your loss will not make massive. But for now, yes, buying and holding is the only way to keep your bitcoin to divert it into a much enormous loss of money. But it always depends on the situation if you think that you want to buy bitcoin because the price of it is meager and you don’t want to waste its opportunity you should purchase bitcoin especially if you can afford to lose it. 
You can another things like joining campaign or trading. By joinin campaign you can get a lot of profits especially signature campaign. Later you can pay your electicitry by using campaign money. Or you can trade your altcoin that get from campaign. There is so many ways the only thing your need is hard work. Good luck mate
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