Is Holding Bitcoin a long time good way to make money? - page 114.

0day

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Quote from: FLoving on September 22, 2016, 03:57:06 PM

Quote from: BitcoinPC on September 21, 2016, 06:37:08 AM

I believe it is best way and also everyone can do it, only holding the bitcoins. It is better especially for those people who never want to do trading and other investment but they want to use bitcoins and also gain profit, so whenever we hold the bitcoins so definitely it is useful for us.

and it is easy especially for those people who already have a good money for to spend for their needs and do not need to spend or sell bitcoins to fulfill their needs or do not need to invest them in any other place. They can wait for longer time with their bitcoins even for dozens of years.

I agree with your point of view rich people can wait for more longer with their money in bitcoin while those who will need to pay for their bills and to invest to start some more income, they will not be able to store for more longer.

skyway1

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yeah holding your bitcoin for long time is very good to make money there is a lot of people are holding their bitcoin for high price because bitcoin will be surely rise its price to higher value sooner in the near future and i hope that bitcoin users will be get a huge profit from bitcoin.

FLoving

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Quote from: BitcoinPC on September 21, 2016, 06:37:08 AM

I believe it is best way and also everyone can do it, only holding the bitcoins. It is better especially for those people who never want to do trading and other investment but they want to use bitcoins and also gain profit, so whenever we hold the bitcoins so definitely it is useful for us.

and it is easy especially for those people who already have a good money for to spend for their needs and do not need to spend or sell bitcoins to fulfill their needs or do not need to invest them in any other place. They can wait for longer time with their bitcoins even for dozens of years.

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Quote from: mirakal on September 22, 2016, 05:58:39 AM

Quote from: arseaboy on September 22, 2016, 03:18:50 AM

Quote from: shinratensei_ on September 21, 2016, 09:02:11 PM

Quote from: BitsandBites on September 21, 2016, 12:15:32 PM

Yes holding the bitcoin for a long term is very profitable and also very good if you are asking me, plus its also pretty safe compared with other options.
The bitcoin has a good future so I think we can say it will be profitable to also do this.

The secure of holding for long term is always the main reason for that, but for the profitable of no one knows about that and but the possibilities for profitable is always there and we can't forget it.

thats right holding for long time is like investing to stocks as we never know what will happen in coming days but while you are holding it maybe much better to study alt trading as well for the chance of making your btc to go double while holding it.

Holding your bitcoins in the long term will give you more advantage because we predicted that the price will continue to increase and overtime the price will have a substantial growth, but you cannot put all your investment for long, maybe just put a little amount or the amount that you can afford to lose.

we cant still guarantee though since we arent sure already about on the bitcoins price in near future because theres a possibility that it would fall or it would rise but as we all speculate and somehow predicted bitcoins price would increase its price in future. Holding bitcoin would not be a bad thing since you would be profitable long term.

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Quote from: arseaboy on September 22, 2016, 03:18:50 AM

Quote from: shinratensei_ on September 21, 2016, 09:02:11 PM

Quote from: BitsandBites on September 21, 2016, 12:15:32 PM

Yes holding the bitcoin for a long term is very profitable and also very good if you are asking me, plus its also pretty safe compared with other options.
The bitcoin has a good future so I think we can say it will be profitable to also do this.

The secure of holding for long term is always the main reason for that, but for the profitable of no one knows about that and but the possibilities for profitable is always there and we can't forget it.

thats right holding for long time is like investing to stocks as we never know what will happen in coming days but while you are holding it maybe much better to study alt trading as well for the chance of making your btc to go double while holding it.

Holding your bitcoins in the long term will give you more advantage because we predicted that the price will continue to increase and overtime the price will have a substantial growth, but you cannot put all your investment for long, maybe just put a little amount or the amount that you can afford to lose.

arseaboy

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Quote from: shinratensei_ on September 21, 2016, 09:02:11 PM

Quote from: BitsandBites on September 21, 2016, 12:15:32 PM

Yes holding the bitcoin for a long term is very profitable and also very good if you are asking me, plus its also pretty safe compared with other options.
The bitcoin has a good future so I think we can say it will be profitable to also do this.

The secure of holding for long term is always the main reason for that, but for the profitable of no one knows about that and but the possibilities for profitable is always there and we can't forget it.

thats right holding for long time is like investing to stocks as we never know what will happen in coming days but while you are holding it maybe much better to study alt trading as well for the chance of making your btc to go double while holding it.

shinratensei_

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Quote from: BitsandBites on September 21, 2016, 12:15:32 PM

Yes holding the bitcoin for a long term is very profitable and also very good if you are asking me, plus its also pretty safe compared with other options.
The bitcoin has a good future so I think we can say it will be profitable to also do this.

The secure of holding for long term is always the main reason for that, but for the profitable of no one knows about that and but the possibilities for profitable is always there and we can't forget it.

bitcoin-hunter

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It can provide you a good amount of money but its also depending on how you are doing it, and if you are really doing it for a long term.
Another fact is that what do you consider as a long term ?

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Quote from: ronaldo40 on September 21, 2016, 02:08:45 PM

Quote from: BitsandBites on September 21, 2016, 12:15:32 PM

Yes holding the bitcoin for a long term is very profitable and also very good if you are asking me, plus its also pretty safe compared with other options.
The bitcoin has a good future so I think we can say it will be profitable to also do this.

if you are a large investor it will be very profitable if hold for the long-term .
but I think the hold for the long term is not a good way to make money if we do not have much money.
I better make a profit in the short term, because it is the best and fast way to get rich.

if you are having a large amount its indeed worth it if you are just a low amount one you should not do it.
Of course you could consider it but it would not be very profitable.

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Quote from: BitsandBites on September 21, 2016, 12:15:32 PM

Yes holding the bitcoin for a long term is very profitable and also very good if you are asking me, plus its also pretty safe compared with other options.
The bitcoin has a good future so I think we can say it will be profitable to also do this.

if you are a large investor it will be very profitable if hold for the long-term .
but I think the hold for the long term is not a good way to make money if we do not have much money.
I better make a profit in the short term, because it is the best and fast way to get rich.

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Quote from: richardsNY on September 20, 2016, 04:15:21 PM

Quote from: South Park on September 20, 2016, 02:25:52 PM

Quote from: Daneric on September 20, 2016, 12:15:11 PM

I hear there are people who kept bitcoin in the early years of bitcoin generation. May be the price was below $100 at that time so you can imagine how much they have gained as at now if they still hold the bitcoins. If at all the price jumps one day to over $1,000, these people will have made crazy profits. Therefore holding bitcoin for a long time may pay off although it is very risky.

While it’s possible some persons are still holding their coins since that time, the truth is that bitcoin already reached 1k+ so it’s very likely that a lot of them already sold and are enjoying the crazy profits that they got.

The best holders have indeed made a great profit if they bought their coins at sub 2012 prices and sold them at the ATH peak. However, the majority of the early birds have sold their coins in the runup to where we are now. It's not that they are filthy rich right now. If you bought at $10 per coin back in the days, and the price shoots up to $50 per coin, what will the majority do? Right, selling like there is no tomorrow of course. And those that kept some coins aside for when the price goes up even further, bammm, they sold at $80-$90-$100-$120 etc etc.

You are right but even those “small profits” are probably way better than anything that you could have got anywhere else, so maybe they did not become filthy rich, but at least they enjoyed great profits and I would like that our turn comes next.

BitsandBites

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Yes holding the bitcoin for a long term is very profitable and also very good if you are asking me, plus its also pretty safe compared with other options.
The bitcoin has a good future so I think we can say it will be profitable to also do this.

kanazawa

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No, it isn't good. In a individual perspective and even to the whole system. Because just hold (don't do mining, don't trade even don't playing bets, gambling, etc) is very bad. For example, in 2015 the price was U$430 and one day after it was U$280. Then, nobody knew it was goin' upward but now the price is much more like was in June 2014, with little difference, now the price is U$30 higher. So, who bought in the downward period earned good money, and who stood in that period just earned U$30 dollars. Now, if you do mining or trading, it's very profitable to hold.

arseaboy

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Quote from: NewInCryptoCurrency on September 21, 2016, 05:31:07 AM

Holding bitcoin a long time is a very good way to make money since prices are rising every time. They do go down sometimes but always end up higher then when before they crashed so it's a circle which is tough and stressful but gives alot of profit.

if you can position yourself in the right prediction you will able to earn a lot keeping btc like what you've said its a good investment for a long term.

BitcoinPC

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I believe it is best way and also everyone can do it, only holding the bitcoins. It is better especially for those people who never want to do trading and other investment but they want to use bitcoins and also gain profit, so whenever we hold the bitcoins so definitely it is useful for us.

BitHodler

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Quote from: NewInCryptoCurrency on September 21, 2016, 05:31:07 AM

Holding bitcoin a long time is a very good way to make money since prices are rising every time. They do go down sometimes but always end up higher then when before they crashed so it's a circle which is tough and stressful but gives alot of profit.

The way you are talking about it makes things seem so easy, while they in reality aren't easy at all.

Finding the right entry point of the market is what a lot people are struggling with when it comes to hodling.

They either buy at the peak of a rally and end up selling at a loss when the price goes down, or they entirely miss out as they haven't bought anything.

NewInCryptoCurrency

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Holding bitcoin a long time is a very good way to make money since prices are rising every time. They do go down sometimes but always end up higher then when before they crashed so it's a circle which is tough and stressful but gives alot of profit.

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Quote from: rektDude on September 20, 2016, 03:18:07 AM

I dont think it is really best for the bitcoin but what i do know is that the price if going to rise and then you are making money with the bitcoin for sure!

but i think that holding bitcoin for long time is a good way of investment,thought long term investment we minimize the risk of losing your own bitcoin therefore i will always prefer to long term investment.

richardsNY

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Quote from: South Park on September 20, 2016, 02:25:52 PM

Quote from: Daneric on September 20, 2016, 12:15:11 PM

I hear there are people who kept bitcoin in the early years of bitcoin generation. May be the price was below $100 at that time so you can imagine how much they have gained as at now if they still hold the bitcoins. If at all the price jumps one day to over $1,000, these people will have made crazy profits. Therefore holding bitcoin for a long time may pay off although it is very risky.

While it’s possible some persons are still holding their coins since that time, the truth is that bitcoin already reached 1k+ so it’s very likely that a lot of them already sold and are enjoying the crazy profits that they got.

The best holders have indeed made a great profit if they bought their coins at sub 2012 prices and sold them at the ATH peak. However, the majority of the early birds have sold their coins in the runup to where we are now. It's not that they are filthy rich right now. If you bought at $10 per coin back in the days, and the price shoots up to $50 per coin, what will the majority do? Right, selling like there is no tomorrow of course. And those that kept some coins aside for when the price goes up even further, bammm, they sold at $80-$90-$100-$120 etc etc.

Superways

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Quote from: South Park on September 20, 2016, 02:25:52 PM

Quote from: Daneric on September 20, 2016, 12:15:11 PM

I hear there are people who kept bitcoin in the early years of bitcoin generation. May be the price was below $100 at that time so you can imagine how much they have gained as at now if they still hold the bitcoins. If at all the price jumps one day to over $1,000, these people will have made crazy profits. Therefore holding bitcoin for a long time may pay off although it is very risky.

While it’s possible some persons are still holding their coins since that time, the truth is that bitcoin already reached 1k+ so it’s very likely that a lot of them already sold and are enjoying the crazy profits that they got.

You are right the holders of early years are rich now with their bitcoins and now it is our turn to buy a good amount of bitcoins and hold them for a longer time or it also seems that within this year or in the next year the price of bitcoin will increase to more than 41000 and we will also be rich with that.

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