Yes. It is recommended to buy bitcoin now while its price is still low. probably months after,the price will increase again like what happened last year. I believe bitcoin price will pump up not only for months but for a long time. It is actually a good way to make money because bitcoin is profitable unlike other type of investment.
Topic: Is Holding Bitcoin a long time good way to make money? - page 11. (Read 368902 times)
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?
I think this is a great question! Nowadays many countries have accepted bitcoin as a legal currency, a legal asset and taxable. South Korea "[Korea will apply a 24.2% tax on electronic money trading platform]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?
Bithumb, Korbit, Coinone, and other crypto trading platforms in Korea are required to pay taxes on profits they earned in 2017 (estimated at $ 300 million). April. According to Hankoyreh, the trading floors pay 24% of their tax returns.
According to the law, all companies earning more than 20 billion won (about 424.7 billion dong) must pay a 22 percent corporate income tax and 2.2 percent local income tax. "
if you want to earn money using Bitcoin then you have big pocket full of notes because it not that much cheap. Whenever there is slowing down in economy then buying Bitcoin will be the good option and remember that holding Bitcoin is always for long term purpose not for short term.
Yes. It is recommended to buy bitcoin now while its price is still low. probably months after,the price will increase again like what happened last year. I believe bitcoin price will pump up not only for months but for a long time. It is actually a good way to make money because bitcoin is profitable unlike other type of investment.
- Sure, Bitcoin is a great way for us to make money, this is one thing that anyone who has been associated with bitcoin for a long time, they will know, the value of bitcoin always goes up and goes up, we hold it for a long time, we will get more profit. However, the time for us to hold bitcoin should not be too long, we should continuously buy low, sell high to optimize profits, holding Bitcoin too long just makes us limited in making money, the chances around bitcoin are many, should not be missed
The best strategy is to buy at dip and sell at high price but it's really difficult to do it.
Anyway, holding Bitcoin for a long time (10-15 years) makes sure that the Bitcoin price will increase.
Anyway, holding Bitcoin for a long time (10-15 years) makes sure that the Bitcoin price will increase.
May be keeping what you have now for a little bit more time can be a good way instead of panic selling
I admit that sometimes I came to this feeling of panic selling when I saw that the value of bitcoin is huge but then after that I realized that I should have to hold it for a quite long term. But then what's done is done, and I just plan to make it happen this time where the price of bitcoin isn't that high enough to be profitable.
Probably yes hold bitcoin for long term is good way to make our money growing but its depend on bitcoin price movement, so if you hold bitcoin at low price, and sell it when price is up on several year its really good trade. If the time has come, bitcoin will got increased in perfect time in the future so think wisely.
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?
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?
Good point and read. It would say that it's up to how much profit margin you want to achieve. Some people see it as a way to earn good money because bitcoin has always had that trend that it sleeps or even falls down in value for some time, and then, would burst soaringly and staggeringly. That's what happened last year, between September to October, many were so worried that bitcoin is dying and has no chance to recover because its value has been nailed in a specific price point in a while. But then, it surged so quick that it almost tripled its value by the next following month. Therefore, if you would follow that trend, if you have the patience to hold your bitcoins, then it is a good way, no doubt, to earn big money.
Yes. It is recommended to buy bitcoin now while its price is still low. probably months after,the price will increase again like what happened last year. I believe bitcoin price will pump up not only for months but for a long time. It is actually a good way to make money because bitcoin is profitable unlike other type of investment.
They bitcoin is good investment than real estate or saving to bank , because bitcoin has a characteristic of being a good investment that can triple your profit within a year period that bank cant give to its investors so as long as bitcoin price is still low buy as long as you can because it is a good time to invest.
Always for sure. BTC is the gold of the internet.
Yes. It is recommended to buy bitcoin now while its price is still low. probably months after,the price will increase again like what happened last year. I believe bitcoin price will pump up not only for months but for a long time. It is actually a good way to make money because bitcoin is profitable unlike other type of investment.
Probably holding Bitcoin is the last 7 years is the best way to earn money but it made sense when you held it 7 years ago. It doesn't fit with the present situation when Bitcoin already had its own valuation.
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?
The korea has announced that six major banks will be ready to provide services for cryptocurrency transactions this month. Under the new system, the government requires exchanges to share user data with banks. Koreans who want to make virtual currency transactions will have to create new accounts and authenticate their identity for virtual currency transactions. In addition, Korea will apply tax to these new users.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?
The world is seeing more and more countries recognize this coin as legal and taxable
The value of Bitcoin is increasing over time so you should keep the bitcoin in the long run as it will be the currency of the future.
[quote author=bitcoinarchitecture link=topic=1104543.msg11783695#msg11783695 dat
yes because bitcoins may have downfall but the value of bitcoin almost always going to go up so its best to hold the big part of it so it may serve as savings and trade the others..
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yes because bitcoins may have downfall but the value of bitcoin almost always going to go up so its best to hold the big part of it so it may serve as savings and trade the others..
[/quote]
It depends on if it keeps going up or drops. That's the simple answer.
But I do think right now holding it is likely going to make you a lot of money (depending on how much you own) as it will probably go up again very soon. The trick is knowing how long to hold on and when to sell.
But I do think right now holding it is likely going to make you a lot of money (depending on how much you own) as it will probably go up again very soon. The trick is knowing how long to hold on and when to sell.
Yes, holding bitcoin for a long time is, not just good, but the best way to make money. But here is the catch, it is proven right now that you are not anymore needed to hold your bitcoin for too long. We are almost doubling now in at least a month. I cannot fathom the ways of bitcoin.
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Holding bitcoin definitely was a good long term hold if you bought it under $8k, nowadays I am not sure about the reliability about holding bitcoin, there are too sides involved now, read dirty parties like governments and banks, the price of bitcoin is heavily manipulated, only time will tell us if bitcoin is a good long term hold, my trust is on other great projects/altcoins, have a look at VEchain, WTC, and GVT, I think these projects are way better to hold on to.
Also I am investing in an upcoming ico Daneel.io ,this is the year of AI!
Also I am investing in an upcoming ico Daneel.io ,this is the year of AI!
"Is Holding Bitcoin a long time good way to make money?"
In the past, overlooking many years it certainly has been a good way to make money, but recently due to the big pullback that is nothing one would say over the period of the latest weeks. I am personally still bullish on BTC, but the competition does not sleep and market participants could swap BTC one day against an attractive altcoin ... so it remains a risky but potentially highly rewarding investment.
In the past, overlooking many years it certainly has been a good way to make money, but recently due to the big pullback that is nothing one would say over the period of the latest weeks. I am personally still bullish on BTC, but the competition does not sleep and market participants could swap BTC one day against an attractive altcoin ... so it remains a risky but potentially highly rewarding investment.
given that bitcoin has fallen 50% from 20k, are ppl gonna sell out if they bought it around 9k or ur gonna HODL ?
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?
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?
Holding bitcoin a long time is the best way to earn plenty of coins that will make you rich very quick. Earning bitcoin now is very interesting and it's getting popular because it offers income to the people wants to have income.
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