Is Holding Bitcoin a long time good way to make money? - page 101.

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Quote from: co5hike on October 21, 2016, 03:05:25 AM

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Quote from: X-ray on October 21, 2016, 12:37:56 AM

Quote from: goldcoinminer on October 20, 2016, 11:02:50 PM

Quote from: hawkins on October 20, 2016, 08:52:04 PM

it is not the best way to make money, but I think it is the best way to make money without excessive risk. risks that should you encounter is when the price of bitcoin down, because only at that moment that you have less money. Well, perhaps the best way to make money is by trading, but it has a big risk

A risk is a risk mate, in trading you can learn your way to make money although it is risky and it has been proven by those good traders that there is money in trading, so I guess we do not need to worry so much of the risk as long as we can afford the money we use in trading.

yeah that's right,even holding bitcoin for a long time have a chance to lose then i would prefer to go for trading honestly,same risk more profit,just don't use money that you use for daily needs,just the unused ones

Holding never guarantees us the profits as price can even go down in future, so the best way to make regular profits is by putting those coins in trading to multiply our coins in long run.

People who wants to play safe will always prefer to hold their coins without doing any experiment with it and they would be satisfied even if they are making lower profits.

Holding is no guarantee to success.It is not necessary that bitcoin price will go up.New crypto or a better tech may either completely replace bitcoin or reduce its value.It is better to invest and save

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You can make a lot of profit with holding the bitcoin for a pretty long time and I think that if you would do it now you can make big bucks because its going up more and more from now on.

Yes you can make big profits with it,some peoples already did who started mining or buying bitcoins in early days and holding them.But that kind of increase i dont expect again,but it will go up than what it is now thats pretty sure,but this way of making money i will consider a bit risky.

That was in the early days and they are making good profits because bitcoin that time was cheap but, now we believe that the price of bitcoin is a little bit expensive already but it will not worry you if you believe that price will significantly increase in the future.

But it is still not late if we are going to get good amount of bitcoins as we hold for sure we are still going to get good profit out of it. And right now
the price of bitcoin is ranging $620-$640 so I would say if you wanted to get good profit then you can just buy a single bitcoin today and wait for it to increase for sure you are going to get good profit.

You cannot expect to make huge profits by holding only 1 btc, as price won't go in millions in coming years which can make you millionaire only by 1 btc if you want to make profits with only holding then you need to have huge amount of coins in your wallet.

1 BTC is completely a waste of money and time, we should not let this opportunity pass away as we are still in the early phase of bitcoin and with that we can expect more growth on the value of bitcoin which will make us successful with our investment.

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Quote from: freedomgo on October 21, 2016, 03:43:56 AM

Quote from: hakanbalta577 on October 21, 2016, 03:12:47 AM

Quote from: BitsandBites on October 20, 2016, 01:16:46 AM

You can make a lot of profit with holding the bitcoin for a pretty long time and I think that if you would do it now you can make big bucks because its going up more and more from now on.

Yes you can make big profits with it,some peoples already did who started mining or buying bitcoins in early days and holding them.But that kind of increase i dont expect again,but it will go up than what it is now thats pretty sure,but this way of making money i will consider a bit risky.

That was in the early days and they are making good profits because bitcoin that time was cheap but, now we believe that the price of bitcoin is a little bit expensive already but it will not worry you if you believe that price will significantly increase in the future.

But it is still not late if we are going to get good amount of bitcoins as we hold for sure we are still going to get good profit out of it. And right now
the price of bitcoin is ranging $620-$640 so I would say if you wanted to get good profit then you can just buy a single bitcoin today and wait for it to increase for sure you are going to get good profit.

You cannot expect to make huge profits by holding only 1 btc, as price won't go in millions in coming years which can make you millionaire only by 1 btc if you want to make profits with only holding then you need to have huge amount of coins in your wallet.

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Quote from: hakanbalta577 on October 21, 2016, 03:12:47 AM

Quote from: BitsandBites on October 20, 2016, 01:16:46 AM

You can make a lot of profit with holding the bitcoin for a pretty long time and I think that if you would do it now you can make big bucks because its going up more and more from now on.

Yes you can make big profits with it,some peoples already did who started mining or buying bitcoins in early days and holding them.But that kind of increase i dont expect again,but it will go up than what it is now thats pretty sure,but this way of making money i will consider a bit risky.

That was in the early days and they are making good profits because bitcoin that time was cheap but, now we believe that the price of bitcoin is a little bit expensive already but it will not worry you if you believe that price will significantly increase in the future.

hakanbalta577

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Quote from: BitsandBites on October 20, 2016, 01:16:46 AM

You can make a lot of profit with holding the bitcoin for a pretty long time and I think that if you would do it now you can make big bucks because its going up more and more from now on.

Yes you can make big profits with it,some peoples already did who started mining or buying bitcoins in early days and holding them.But that kind of increase i dont expect again,but it will go up than what it is now thats pretty sure,but this way of making money i will consider a bit risky.

co5hike

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Quote from: tygeade on October 21, 2016, 02:25:48 AM

Quote from: X-ray on October 21, 2016, 12:37:56 AM

Quote from: goldcoinminer on October 20, 2016, 11:02:50 PM

Quote from: hawkins on October 20, 2016, 08:52:04 PM

it is not the best way to make money, but I think it is the best way to make money without excessive risk. risks that should you encounter is when the price of bitcoin down, because only at that moment that you have less money. Well, perhaps the best way to make money is by trading, but it has a big risk

A risk is a risk mate, in trading you can learn your way to make money although it is risky and it has been proven by those good traders that there is money in trading, so I guess we do not need to worry so much of the risk as long as we can afford the money we use in trading.

yeah that's right,even holding bitcoin for a long time have a chance to lose then i would prefer to go for trading honestly,same risk more profit,just don't use money that you use for daily needs,just the unused ones

Holding never guarantees us the profits as price can even go down in future, so the best way to make regular profits is by putting those coins in trading to multiply our coins in long run.

People who wants to play safe will always prefer to hold their coins without doing any experiment with it and they would be satisfied even if they are making lower profits.

tygeade

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Quote from: X-ray on October 21, 2016, 12:37:56 AM

Quote from: goldcoinminer on October 20, 2016, 11:02:50 PM

Quote from: hawkins on October 20, 2016, 08:52:04 PM

it is not the best way to make money, but I think it is the best way to make money without excessive risk. risks that should you encounter is when the price of bitcoin down, because only at that moment that you have less money. Well, perhaps the best way to make money is by trading, but it has a big risk

A risk is a risk mate, in trading you can learn your way to make money although it is risky and it has been proven by those good traders that there is money in trading, so I guess we do not need to worry so much of the risk as long as we can afford the money we use in trading.

yeah that's right,even holding bitcoin for a long time have a chance to lose then i would prefer to go for trading honestly,same risk more profit,just don't use money that you use for daily needs,just the unused ones

Holding never guarantees us the profits as price can even go down in future, so the best way to make regular profits is by putting those coins in trading to multiply our coins in long run.

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Quote from: goldcoinminer on October 20, 2016, 11:02:50 PM

Quote from: hawkins on October 20, 2016, 08:52:04 PM

it is not the best way to make money, but I think it is the best way to make money without excessive risk. risks that should you encounter is when the price of bitcoin down, because only at that moment that you have less money. Well, perhaps the best way to make money is by trading, but it has a big risk

A risk is a risk mate, in trading you can learn your way to make money although it is risky and it has been proven by those good traders that there is money in trading, so I guess we do not need to worry so much of the risk as long as we can afford the money we use in trading.

yeah that's right,even holding bitcoin for a long time have a chance to lose then i would prefer to go for trading honestly,same risk more profit,just don't use money that you use for daily needs,just the unused ones

goldcoinminer

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Quote from: hawkins on October 20, 2016, 08:52:04 PM

it is not the best way to make money, but I think it is the best way to make money without excessive risk. risks that should you encounter is when the price of bitcoin down, because only at that moment that you have less money. Well, perhaps the best way to make money is by trading, but it has a big risk

A risk is a risk mate, in trading you can learn your way to make money although it is risky and it has been proven by those good traders that there is money in trading, so I guess we do not need to worry so much of the risk as long as we can afford the money we use in trading.

hawkins

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it is not the best way to make money, but I think it is the best way to make money without excessive risk. risks that should you encounter is when the price of bitcoin down, because only at that moment that you have less money. Well, perhaps the best way to make money is by trading, but it has a big risk

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Quote from: Doamader on October 20, 2016, 05:51:51 PM

Some person has bought bitcoins at the rates of the 400 dollars, he had stored into some pen driver wallet, he said has no intentions to get those coins soo soon, looks like he will be saving their bitcoins for the future. Sure bitcoins has a risk around it but the last 3 years showed that those who saved bitcoins were able to earn and double or more their investments.

if he think that is the safe way to holding bitcoin then we can let him to do that. its true holding bitcoin can make money, but rather than to hold to long, i will use half or quarter of my bitcoin to go trading so i can make my bitcoin to grow.

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Quote from: Doamader on October 20, 2016, 05:51:51 PM

Some person has bought bitcoins at the rates of the 400 dollars, he had stored into some pen driver wallet, he said has no intentions to get those coins soo soon, looks like he will be saving their bitcoins for the future. Sure bitcoins has a risk around it but the last 3 years showed that those who saved bitcoins were able to earn and double or more their investments.

Not all have that high patience to hold their coins for such a long duration, people who can afford to take risk will surely go for trading and try to grow their coins on regular basis to get quick profits.

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Some person has bought bitcoins at the rates of the 400 dollars, he had stored into some pen driver wallet, he said has no intentions to get those coins soo soon, looks like he will be saving their bitcoins for the future. Sure bitcoins has a risk around it but the last 3 years showed that those who saved bitcoins were able to earn and double or more their investments.

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Quote from: fkvidar on October 20, 2016, 01:13:44 PM

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don't same bitcoin in investment another platform gold or house
is gold is good investment is long time over 10 year
bitcoin is very bad is investment over 10 year

well, take a look at the 10 year gold charts. gold has gone up 112.5% in a matter of 10 years. it doesn't mean it will happen again of course, but investing in gold for 10 years and getting a return of just over 110% is not really promising. if bitcoin lives up to all its realistic expectations, then you'll be rewarded with a huge return. it will be beyond what gold will offer you.

From the past performance, it seems that the bitcoin is much better than the gold. The bitcoin will grow even faster.

Bitcoin is indeed much more rewarding than Gold, but the risks are also much greater. In order to benefit from the volatile nature of Bitcoin, you have to understand what the risks are, and know how to read the market in order to benefit to the most from whatever state the market is in at that time.

Of course, bitcoin is very volatile and the understanding of the market trend also matters, but it should be clearly understood that holding bitcoin for very long time may not be a good strategy to make profit. The best strategy is to buy it when it is low and sell it immediately as the prices goes higher. Repeating this strategy for many times will make lots of profits if you maitain it for long time.

That's right holding them for a long time is a boring way to make profits as we never know when price will go on the top that can give us best profits, its better to keep on buying and selling them in short term.

Yeah holding is not the best way to make profits as if price crashes in future then your holding will go in vain and you need to wait for a loner duration for price to go higher to make profits from it.

Yup and to make profits from it I think we should trade them in short term and be satisfied with small but regular profits as there is no guarantee that holding will give you good profits in future.

People who don't have knowledge of trading will never prefer to take risk of putting their money into trading, instead they will prefer to go for safe method by holding them for future.

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