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Topic: Is Holding Bitcoin a long time good way to make money? - page 105. (Read 368873 times)

hero member
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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.
full member
Activity: 196
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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.
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i think it depend on you, that how much you can afford to hold your bitcoin, if you are going to hold it for 3 year you are good, if you are holding it for 5 year you are too good and if you are holding your bitcoin for 7 and above year you are superb and you will surely get a good profit in the end.
hero member
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Holding bitcoin for long time is only the safe way so that you can  save your money, but here is some risk in that also, how means when the bitcoin price falls definitely there is a loss.  Even you are holding you are not losing any money so that is good for yourself. Without risks than you cant also make money.

Actually it's not safe to hold it for long term we don't know what will happen next to bitcoin at this moment bitcoin price continue to increase but what if bitcoin crash ? At that time you will lost .so it's better to prepare buy and sell bitcoin  to earn profit sell it if you think the price will decrease
How you said that saving bitcoin for a long time is not safe? and holding them for a long term i just read someone did it that hes holding his bitcoin since 2014 and now his making money with it by just holding coins and continuosly doing it increase bitcoin it will not crash instantly imo yes it's be better to prepare if this happen but i think it will be notice everyone that this happen right ?
legendary
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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.
hero member
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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.
member
Activity: 76
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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.
hero member
Activity: 2842
Merit: 625
I think holding will probably make you money in the long run. The problem is that no one really knows for sure if bitcoin will survive long term. I chose to buy a little a few years ago and then I add to it by trading.

For sure it is going to give us good profit in the future and it you are going to think about it then there is already a proof about it.

Then look up to the people who are early users of bitcoin who hold bitcoin for a long time and in the long run they have reach the higher price.

And they became rich people as of today.
sr. member
Activity: 364
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I think holding will probably make you money in the long run. The problem is that no one really knows for sure if bitcoin will survive long term. I chose to buy a little a few years ago and then I add to it by trading.
full member
Activity: 238
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Investing while waiting is the best way to make money, you can multiple your money with investing, and if the price increase more you will get profit double than you expected, so why you choose only one option if you still have more.

It's not the best way to make money but possibly the best passive way though you rarely have to do anything except keep investing and keep an eye on prices every now and then so it's a nice way.
i think every one has their own interest some people consider short term investment as the best way of making money while other consider it as risky and they consider the long term investment as the safest way of making money.
hero member
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Holding bitcoin is a lazy way to make money but it is safe way for me to make a good profit just to hold.. and it takes a long time before you can make a large profit.. so for me some of my bitcoin save for a long time and use other partial of my bitcoin in trading i want to increase my bitcoin so if the price will increase again back to 700 value above i can sell it and make more profit..
legendary
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Holding bitcoin long is a very good way to make passive money but it is not fast at all you need patience and your money is stuck for that time being.
So if you don't need the money right away do it and laugh while you profit from the value increase

That is right. If you hold the bitcoin since 2010, you might be a millionaire now if you bought some then.
If you are just bought some you will not be millionaire but if you buy even 50 btc in that year you can be millionare here in my place but in other place like US 50 btc is not enough to be millionaire i think 1700 btc you can be millionare that you can sell it right now. .
newbie
Activity: 30
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Holding bitcoin long is a very good way to make passive money but it is not fast at all you need patience and your money is stuck for that time being.
So if you don't need the money right away do it and laugh while you profit from the value increase

That is right. If you hold the bitcoin since 2010, you might be a millionaire now if you bought some then.
sr. member
Activity: 420
Merit: 250
Holding bitcoin long is a very good way to make passive money but it is not fast at all you need patience and your money is stuck for that time being.
So if you don't need the money right away do it and laugh while you profit from the value increase
hero member
Activity: 546
Merit: 500
Investing while waiting is the best way to make money, you can multiple your money with investing, and if the price increase more you will get profit double than you expected, so why you choose only one option if you still have more.

It's not the best way to make money but possibly the best passive way though you rarely have to do anything except keep investing and keep an eye on prices every now and then so it's a nice way.
sr. member
Activity: 448
Merit: 250
This is exactly my plan to hold bitcoin for a very long time to make profit and gain a lot of knowledge about investing in the meantime.
I think it's a good way to make money but no one can say for sure cause we can't predict future prices of course.
sr. member
Activity: 476
Merit: 250
Holding bitcoin a long time is for sure a good way to make a lot of money it does require discipline to not spend the bitcoin and also patience to wait for price increases and the next halving which is in 3,5 years.
sr. member
Activity: 336
Merit: 250
I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  I know last year it was $600 and the highest was when it was more than $1000 per bitcoin.  But since it is all the way down to $200-$300, isn't having bitcoin always good?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.



In general, isn't holding BTC always a good thing since the price of it is pretty low now?  Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster.  But since its in the $200-$300 range, isn't having BTC always good?

Which gambling sites are you referring to? They all have abandoned the idea. The gambling sites which are truly licensed i mean.
I dont think you will make much money byu holding the bitcoin for that long you know lots of people dont know waht they are able to make with the bitcoin and that is the
biggest struggle for them because they want to make much.
newbie
Activity: 56
Merit: 0
it is believed that after completing their mission to develop a vision and getting everything in return, without spending a lot of effort and money on research and find out , but at one point, bitcoin will remain with the fed for them and him seeming base and gave the banks free the blockchain and not expensive, obeseness, will remain as a memory, leaving us only hope that someone else will replace him, but the chance is so and so to miss, though
hero member
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Some predictions are saying that in 5 years Bitcoin will probably achieve 1500-2000$ because the amount of Bitcoins will fall and the demand will go up. If you are seeing it that way then it's great long term investment. But things don't have to look that way in the future and the price might go down.
Anyway, I wouldn't take it for to long time without carefuly watching the market and making moves when necessary.
For me that is just a dream, until the time for the another halving is a short, everything will always running normally in this time including the price of bitcoin and me sure about that. I guess that is will take more than 5 years for the bitcoin.
global moderator
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Yes I think that we can make a lot of money with long term investing in the bitcoin because it has a great future and it can also go to a very high amount if you are asking me.
Its just that you can make a lot of money and that the bitcoin is so profitable these days, so think about a long term it will even be more.

If you would hold it, you need a lot of time to earn from your investment.. But it's definitely worth the wait...It's just that you could earn more if you would use your investment into something else to earn more, and yes, it's a good "LONG" term investment to buy a bitcoin today.. We should take advantage of the price while it is still not increasing or else we'll regret it later...  Smiley
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