Is Holding Bitcoin a long time good way to make money? - page 110.

satdas

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Quote from: South Park on October 01, 2016, 12:19:12 PM

Quote from: rockstar338 on September 30, 2016, 06:57:24 AM

Holding can save your life and that is because it would be really bad if you are losing a lot of money with it when you can actually earn more money when you are waitin a longer time.
But it is bad if people are selling it too early, patience is important in Bitcoin.

Well, it depends on what you are looking for, if you are a day trader then patience is something that you need but not in large amounts since you are hoping to turn a profit in fast trades.

yes i also agree with you, that if you holding a good amount of bitcoin then surely it is a good decision to invest and hold bitcoin for a long time because after some time it will really give you a good profit.

bestluck

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Quote from: oser41eric on October 02, 2016, 03:11:08 PM

Nobody knows what to expect from the future. Nobody knows what will it bring us.

If you give time to study about bitcoin and do some research about bitcoin then it will not be hard for you to predict the future of bitcoin. All of the experts in bitcoin are holding their bitcoins and they are from more longer in there and have planned to hold for more longer and they do not lose their money and do not afraid.

lionheart78

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Quote from: Dora Doll on October 01, 2016, 04:05:24 PM

Yes that is right to say but i think it ia ls depend on the amount of bitcoin if you have a good amount the you will really get a good profit, threfore i will suggest you that if you are going to invest in bitcoin the you should invest a good amount of bitcoin.

yeah it depends on the price of bitcoin after long time of holding it. so we cannot say that holding bitcoin is a good way to make us money because it may become a good way to lose money because it may depreciate in price value over time. If you remember those who invested during the peak of bitcoin bubble in 2013, they are still at a lost at this moment.

doraemon1

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if you want to make money you have to either trade bitcoin or work a job to earn money/bitcoin and not just store bitcoin and sit around waiting for the price to go up. that Is not healthy.

although there is nothing wrong with an investment, especially in bitcoin but I think it is better to keep things moving. for example you can sometimes find ways to invest those bitcoin for example in trading. this way you are on top of the market and will notice if the price is going up or down and also you can profit more on what you already have.

oser41eric

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Nobody knows what to expect from the future. Nobody knows what will it bring us.

Universat

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Quote from: freedomgo on October 02, 2016, 09:22:14 AM

Quote from: BitHodler on October 02, 2016, 09:06:55 AM

Quote from: gilangIDR on October 02, 2016, 07:00:46 AM

Quote from: SAMKUSH on October 01, 2016, 05:40:51 PM

I don't use holding bitcoins alone to make money, I usually trade or invest in sites to make the majority of my profit. Any increase in the price of bitcoins is just extra, however if the price falls I also lose so I don't rely on it making me money.

in my opinion do not hold too long bitcoin you have. we can look for other alternatives. we can do a better investment when highly stable current bitcoin prices ..trading altcoin is one alternative to get more income.

Hodling Bitcoin is in fact the safest possible form of investing.

However, people find it to be boring in current times as the price isn't going up to the level that is satisfying people.

And yes, in times where the price is stable, people put themselves into positions where the risks are much greater.

Investing in altcoins is definitely one of them. You can get great returns from altcoin trading, but you can also end up being a bag hodler. The latter isn't exactly a good thing. Wink

You will find it boring if you have a limited amount of money only because you always want some action and you are hoping that you can grow your money easily, which the case is really had to realize if you are just holding as the price is not only moving in one direction.

yes but i think it depend on your interest of investment, most of the people are investing their money for long term and they do not have experience in short term investment, they consider short term investment as risky and not profitable, while the short term investors really thing about the long term investment as boring.

South Park

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Quote from: richardsNY on October 01, 2016, 04:40:48 PM

Quote from: Dora Doll on October 01, 2016, 04:05:24 PM

Yes that is right to say but i think it ia ls depend on the amount of bitcoin if you have a good amount the you will really get a good profit, threfore i will suggest you that if you are going to invest in bitcoin the you should invest a good amount of bitcoin.

The most important thing is that people only invest in Bitcoin what they can afford. For one it can be $5000, while the other sticks to $200 as their total investment money. If Bitcoin lives up to its expectations, then even "small" investments of a few hundred $ can turn into four digit amounts. Patience and dedication is what you need.

Correct, there is no point into trying to buy more bitcoin than what you need, because if you did and then there was some kind of emergency that required some of that bitcoin you will probably need to sell it regardless of the price and you could lose money.

dustboy

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Only holding it without doing nothing for long time is not profitable unless you bought it with the lowest rate ever. It would be more profitable if you can trade it when there is a good chance to make profit. i.e when the price is suddenly down, then we can buy more btc. Sell it again when it is up. Or perhaps the more profitable activity is to trade your btc with some altcoins instead of Fiat.

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Quote from: BitHodler on October 02, 2016, 09:06:55 AM

Quote from: gilangIDR on October 02, 2016, 07:00:46 AM

Quote from: SAMKUSH on October 01, 2016, 05:40:51 PM

I don't use holding bitcoins alone to make money, I usually trade or invest in sites to make the majority of my profit. Any increase in the price of bitcoins is just extra, however if the price falls I also lose so I don't rely on it making me money.

in my opinion do not hold too long bitcoin you have. we can look for other alternatives. we can do a better investment when highly stable current bitcoin prices ..trading altcoin is one alternative to get more income.

Hodling Bitcoin is in fact the safest possible form of investing.

However, people find it to be boring in current times as the price isn't going up to the level that is satisfying people.

And yes, in times where the price is stable, people put themselves into positions where the risks are much greater.

Investing in altcoins is definitely one of them. You can get great returns from altcoin trading, but you can also end up being a bag hodler. The latter isn't exactly a good thing. Wink

You will find it boring if you have a limited amount of money only because you always want some action and you are hoping that you can grow your money easily, which the case is really had to realize if you are just holding as the price is not only moving in one direction.

BitHodler

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Quote from: gilangIDR on October 02, 2016, 07:00:46 AM

Quote from: SAMKUSH on October 01, 2016, 05:40:51 PM

I don't use holding bitcoins alone to make money, I usually trade or invest in sites to make the majority of my profit. Any increase in the price of bitcoins is just extra, however if the price falls I also lose so I don't rely on it making me money.

in my opinion do not hold too long bitcoin you have. we can look for other alternatives. we can do a better investment when highly stable current bitcoin prices ..trading altcoin is one alternative to get more income.

Hodling Bitcoin is in fact the safest possible form of investing.

However, people find it to be boring in current times as the price isn't going up to the level that is satisfying people.

And yes, in times where the price is stable, people put themselves into positions where the risks are much greater.

Investing in altcoins is definitely one of them. You can get great returns from altcoin trading, but you can also end up being a bag hodler. The latter isn't exactly a good thing. Wink

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Quote from: Capradina on October 02, 2016, 06:47:07 AM

Quote from: goldcoinminer on October 02, 2016, 03:56:50 AM

Quote from: junder on October 02, 2016, 02:34:17 AM

I also holding some bitcoin, I hold it for the long time.
I believe it will increase in a few years and good way to doubling the value of your bitcoin.

Just keep holding it mate because bitcoin is a special investment that you do not need to do anything for your investment to succeed, you just need to trust it and read some news to update your self, but you do not need to worry because the future of bitcoin is really good.

True what you say. Indeed basically if we have good patience, we can get something good in the bitcoin just by saving. But it also requires sacrifice and must be resistant to temptation which always comes. So, it is better to do what we can do now, than have to do so with forced

Savings is always good to do right now because anytime the price of bitcoin will increase more in the future.. the more you've save the more you make a good profit.. for me i am not saving bitcoins a lot but i am savings everytime i get my signature payout and profit in trading i am using vault of coinbase i know its not safe but i have lots of bitcoin there and verified. looking forward for my future.. and i hope i can save more bitcoins and use it to my business someday,,

gilangIDR

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Quote from: SAMKUSH on October 01, 2016, 05:40:51 PM

I don't use holding bitcoins alone to make money, I usually trade or invest in sites to make the majority of my profit. Any increase in the price of bitcoins is just extra, however if the price falls I also lose so I don't rely on it making me money.

in my opinion do not hold too long bitcoin you have. we can look for other alternatives. we can do a better investment when highly stable current bitcoin prices ..trading altcoin is one alternative to get more income.

Capradina

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Quote from: goldcoinminer on October 02, 2016, 03:56:50 AM

Quote from: junder on October 02, 2016, 02:34:17 AM

I also holding some bitcoin, I hold it for the long time.
I believe it will increase in a few years and good way to doubling the value of your bitcoin.

Just keep holding it mate because bitcoin is a special investment that you do not need to do anything for your investment to succeed, you just need to trust it and read some news to update your self, but you do not need to worry because the future of bitcoin is really good.

True what you say. Indeed basically if we have good patience, we can get something good in the bitcoin just by saving. But it also requires sacrifice and must be resistant to temptation which always comes. So, it is better to do what we can do now, than have to do so with forced

goldcoinminer

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Quote from: junder on October 02, 2016, 02:34:17 AM

I also holding some bitcoin, I hold it for the long time.
I believe it will increase in a few years and good way to doubling the value of your bitcoin.

Just keep holding it mate because bitcoin is a special investment that you do not need to do anything for your investment to succeed, you just need to trust it and read some news to update your self, but you do not need to worry because the future of bitcoin is really good.

darklus123

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Yes and No you really can't say because it is not always be on your side. Shall we say that you bought bitcoin at $200 price then you are very possitive that a month or weeks later it would goes up but suddenly it even goes down and you get disappointed so instead you waited that the price would go back to $200 and convert it then withdraw then a day after price went up to $500 so you really can't say as advice just keep withdrawing then save them in the bank instead.

junder

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I also holding some bitcoin, I hold it for the long time.
I believe it will increase in a few years and good way to doubling the value of your bitcoin.

SAMKUSH

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I don't use holding bitcoins alone to make money, I usually trade or invest in sites to make the majority of my profit. Any increase in the price of bitcoins is just extra, however if the price falls I also lose so I don't rely on it making me money.

richardsNY

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Quote from: Dora Doll on October 01, 2016, 04:05:24 PM

Yes that is right to say but i think it ia ls depend on the amount of bitcoin if you have a good amount the you will really get a good profit, threfore i will suggest you that if you are going to invest in bitcoin the you should invest a good amount of bitcoin.

The most important thing is that people only invest in Bitcoin what they can afford. For one it can be $5000, while the other sticks to $200 as their total investment money. If Bitcoin lives up to its expectations, then even "small" investments of a few hundred $ can turn into four digit amounts. Patience and dedication is what you need.

Dora Doll

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Yes that is right to say but i think it ia ls depend on the amount of bitcoin if you have a good amount the you will really get a good profit, threfore i will suggest you that if you are going to invest in bitcoin the you should invest a good amount of bitcoin.

South Park

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Quote from: rockstar338 on September 30, 2016, 06:57:24 AM

Holding can save your life and that is because it would be really bad if you are losing a lot of money with it when you can actually earn more money when you are waitin a longer time.
But it is bad if people are selling it too early, patience is important in Bitcoin.

Well, it depends on what you are looking for, if you are a day trader then patience is something that you need but not in large amounts since you are hoping to turn a profit in fast trades.

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