Is Holding Bitcoin a long time good way to make money? - page 104.

goldcoinminer

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Quote from: andyste on October 14, 2016, 08:10:33 PM

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

How can you be sure of that, no one can see the future, although I agree that gold will be gold in the long term but bitcoin also has a chance to get that kind of success as we are still in the early phase and we have more room to improve, if you do not trust just simply do not invest instead put all your money in gold.

andyste

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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

rizkyhiw

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Quote from: JeanMcCoy on October 14, 2016, 05:01:45 PM

If you are doing this with a nice amount it will be profitable without any doubts also even nice to do too if you are asking me.
With long terms its mostly profitable with the bitcoin.

holding bitcoin for long time should be good idea for me
but noone can guarantee that it will make you in profit as bitcoin future itself still on development
once bitcoin established , it might guarantee you to make money by holding bitcoin
for now it's feel like 50:50 for most people so do i.

JeanMcCoy

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If you are doing this with a nice amount it will be profitable without any doubts also even nice to do too if you are asking me.
With long terms its mostly profitable with the bitcoin.

Dora Doll

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Quote from: sempak on October 14, 2016, 06:42:45 AM

I think any time is a good time to buy a bitcoin. plus the current bitcoin prices continue to rise.
we will feel a tidy profit when we dare to invest our money in bitcoin.

no i think every time is not a good time for buying bitcoin, you have to buy bitcoin with when you fell that it is the good time to do so and if you realize that the price of bitcoin is now going to increase, and if you are buying bitcoin blindly then you can really fact a big trouble.

bitlancr

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Holding bitcoin a long time is a good way to make money cause holding it for a long time means you give it time to grow in value which it will surely do.
If you can hold for 5+ years I'd say go ahead and do it cause it will be totally worth it.

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Quote from: sishendaoye on October 14, 2016, 10:48:02 AM

Holding bitcoin a long time is a good way to make money because holding it means you will get to another halving and halvings are very good ways to profit from bitcoin.
Also bitcoin itself naturally raises in price over time so you have that going for you too.

I agree that holding bitcoin can give us more profit in the long run. I also agree that halving plays a part in bitcoin price increase. So holding the coin and undergo halving will simply mean you will get more profit than selling it right now. But I think there is more effective way of increasing your coins while holding it. Why not use it to trade other altcoin and earn from it. That way you can at least multiply your bitcoin holdings and multiply your earnings.

innominatus

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Quote from: sishendaoye on October 14, 2016, 10:48:02 AM

Holding bitcoin a long time is a good way to make money because holding it means you will get to another halving and halvings are very good ways to profit from bitcoin.
Also bitcoin itself naturally raises in price over time so you have that going for you too.

holding long time is wrong thing. even dog can hold. better to invest

sishendaoye

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Holding bitcoin a long time is a good way to make money because holding it means you will get to another halving and halvings are very good ways to profit from bitcoin.
Also bitcoin itself naturally raises in price over time so you have that going for you too.

BitHodler

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Quote from: innominatus on October 14, 2016, 09:32:12 AM

in one way bitcoin suply is limited, so holding will bring you a profit, but it might take 40 years or so. in onther hand there are new coins around that can slow down bitcoin growth. anyway it is always good to have some btc

Limited supply is a great thing as it will not devalue the currency value in question theoretically, but we don't know if that's also the case with Bitcoin.

I remember some one saying that the Bitcoin value will either be inanely high, or barely worth anything.

I of course hope for the first option as I am in Bitcoin for the very long term, because I really need the financial freedom that it gives me.

innominatus

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Quote from: mirakal on October 14, 2016, 09:44:01 AM

Quote from: innominatus on October 14, 2016, 09:32:12 AM

in one way bitcoin suply is limited, so holding will bring you a profit, but it might take 40 years or so. in onther hand there are new coins around that can slow down bitcoin growth. anyway it is always good to have some btc

There is no question about that as that is the basis law of supply and demand, the big question here is if bitcoin will continue to succeed in the future. If it will be successful for sure holding bitcoins will give us more profit as the price will surely have a significant increase.

of course.
there is no way bitcoin is going back.
it is spread worldwide. billions in economy, noone going to stop that

mirakal

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Quote from: innominatus on October 14, 2016, 09:32:12 AM

in one way bitcoin suply is limited, so holding will bring you a profit, but it might take 40 years or so. in onther hand there are new coins around that can slow down bitcoin growth. anyway it is always good to have some btc

There is no question about that as that is the basis law of supply and demand, the big question here is if bitcoin will continue to succeed in the future. If it will be successful for sure holding bitcoins will give us more profit as the price will surely have a significant increase.

innominatus

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You have to get lost before you can find yourself.

in one way bitcoin suply is limited, so holding will bring you a profit, but it might take 40 years or so. in onther hand there are new coins around that can slow down bitcoin growth. anyway it is always good to have some btc

Altynbekova

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Quote from: JeanMcCoy on September 15, 2016, 04:29:14 AM

Quote from: ekoice on September 06, 2016, 01:46:07 PM

Holding bitcoin will be the best idea since it is expected to go much higher in the following months.i would advice to keep more bitcoins as saving and invest the rest of bitcoins in trading. but remember trading is risky.

Holding bitcoin will indeed make lots of profit but maybe prices will go down now first and then back up and that's the little window in which you have to make most money.
It doesn't seem like bitcoin is going up so much right now it's going down more I think so might have to wait before buying again.

Yeah because holding bitcoin is supposed to be a long term investment and you need a lot of patience for this cause it could take years before it reaches its true potential and till then you will have to hold.

sempak

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I think any time is a good time to buy a bitcoin. plus the current bitcoin prices continue to rise.
we will feel a tidy profit when we dare to invest our money in bitcoin.

ronaldo40

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Quote from: Indrawan77 on October 14, 2016, 05:46:23 AM

Quote from: Supercrypt on October 14, 2016, 03:30:48 AM

Quote from: batang_bitcoin on October 14, 2016, 02:46:54 AM

Quote from: thisappointed on October 13, 2016, 11:10:47 AM

It may be low for now but we all know that time will come and it's price will eventually go up in no time. Holding your bitcoin for now is not that bad if you are patiently waiting for the right time to convert it to fiat, in that way you can get a huge profit from it and you will just realize that holding your bitcoin for a long time really does worth it.

You are right with it and that has been proven because in the past and early days of bitcoin. Many people bought thousands of bitcoins and what they did is they just hold it for a long time and even today they are still holding it. And bitcoin did not just gave them profit, but bitcoin made them US Dollar millionaires just because of it.

True, the early adopters are not just enjoying the profits from bitcoin saving, they have become millionaires. That must be the very big proof of holding bitcoin in long time, one of a good way to make money. I strongly believe history will repeat and we also get the same chances if we start holding at least from now onward.

The early adapter already enjoying the bitcoin result, and now it will be our turns to enjoy it, as i can see there are so many improvements at bitcoin, so it will be a great idea to buy and store bitcoin now, so in the future we will be one of the bitcoin millionaire

I think hold bitcoin for the long term is a good idea to make money. because potential bitcoin to grow in the future is huge. even I myself always keep bitcoin from profit every day for the future.

Indrawan77

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Quote from: Supercrypt on October 14, 2016, 03:30:48 AM

Quote from: batang_bitcoin on October 14, 2016, 02:46:54 AM

Quote from: thisappointed on October 13, 2016, 11:10:47 AM

It may be low for now but we all know that time will come and it's price will eventually go up in no time. Holding your bitcoin for now is not that bad if you are patiently waiting for the right time to convert it to fiat, in that way you can get a huge profit from it and you will just realize that holding your bitcoin for a long time really does worth it.

You are right with it and that has been proven because in the past and early days of bitcoin. Many people bought thousands of bitcoins and what they did is they just hold it for a long time and even today they are still holding it. And bitcoin did not just gave them profit, but bitcoin made them US Dollar millionaires just because of it.

True, the early adopters are not just enjoying the profits from bitcoin saving, they have become millionaires. That must be the very big proof of holding bitcoin in long time, one of a good way to make money. I strongly believe history will repeat and we also get the same chances if we start holding at least from now onward.

The early adapter already enjoying the bitcoin result, and now it will be our turns to enjoy it, as i can see there are so many improvements at bitcoin, so it will be a great idea to buy and store bitcoin now, so in the future we will be one of the bitcoin millionaire

Supercrypt

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Quote from: batang_bitcoin on October 14, 2016, 02:46:54 AM

Quote from: thisappointed on October 13, 2016, 11:10:47 AM

It may be low for now but we all know that time will come and it's price will eventually go up in no time. Holding your bitcoin for now is not that bad if you are patiently waiting for the right time to convert it to fiat, in that way you can get a huge profit from it and you will just realize that holding your bitcoin for a long time really does worth it.

You are right with it and that has been proven because in the past and early days of bitcoin. Many people bought thousands of bitcoins and what they did is they just hold it for a long time and even today they are still holding it. And bitcoin did not just gave them profit, but bitcoin made them US Dollar millionaires just because of it.

True, the early adopters are not just enjoying the profits from bitcoin saving, they have become millionaires. That must be the very big proof of holding bitcoin in long time, one of a good way to make money. I strongly believe history will repeat and we also get the same chances if we start holding at least from now onward.

batang_bitcoin

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Quote from: thisappointed on October 13, 2016, 11:10:47 AM

It may be low for now but we all know that time will come and it's price will eventually go up in no time. Holding your bitcoin for now is not that bad if you are patiently waiting for the right time to convert it to fiat, in that way you can get a huge profit from it and you will just realize that holding your bitcoin for a long time really does worth it.

You are right with it and that has been proven because in the past and early days of bitcoin. Many people bought thousands of bitcoins and what they did is they just hold it for a long time and even today they are still holding it. And bitcoin did not just gave them profit, but bitcoin made them US Dollar millionaires just because of it.

serjent05

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Quote from: freedomgo on October 13, 2016, 09:11:52 AM

Quote from: diegz on October 13, 2016, 07:45:49 AM

Quote from: manyute on October 13, 2016, 06:19:44 AM

I think holding the bitcoin for a long time is good although its depending on what you of course consider as a long time.
Most of the times a long time can be good its just a matter of time these days to make profit with the bitcoin.

yeah, for how long you will hold your bitcoin, but I think if you are into long term keeping, you could try it for one year first, if there is an improvement in price then keep it for 2 and add few more in your stash then if it works, well, that's the time you have to decide if you are going to sell it and keep it for another year. But you have a point there that nowadays, the price could really tempt you to sell it and regret if you are on the wrong timing.

I think we need to be specific on how long we should hold our bitcoins, let us say if we are planning to hold it for 10 years then the better as long as we will monitor the price movement and we have a target also when to sell for a profit or for a lose.

Ten years is a long term, why not try to buy and sell in between since you will be monitoring the Bitcoin activity for those years. Maybe after ten years you can double or triple your holdings by selling your holding when bitcoin price increase and then buying when it is low. Doing buy and sell during observation will at least make your time productive while watching bitcoin trends closely.

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