Is Holding Bitcoin a long time good way to make money? - page 115.

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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.

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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.

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You can buy now and wait for next halving before sell it. Afterward you will see the benefit of bitcoin

Quote from: HilbillyFred on September 20, 2016, 11:00:53 AM

Holding bitcoin a long time is good to make money as a matter of fact it's one of the best and easiest ways and probably most used.
Invest invest invest and be patient and it will be returned to you ten double.

Since I know bitcoin, I made great profit with my this alternate investation. Yes , sometimes bitcoin are better than Gold especially when bitcoin almost reach it's halving

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If one is in need of a risk free earning then its better to buy and hold the bitcoin. At the same another important factor is that the earning seems to be limited. For this its better to plan according to need and decide upon the holding.

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Holding bitcoin a long time is good to make money as a matter of fact it's one of the best and easiest ways and probably most used.
Invest invest invest and be patient and it will be returned to you ten double.

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Holding bitcoin a long time is a good way to make money because eventually bitcoin will go up by a big percentage as it gets bigger and more users. It can take some and you have to be patient, best is to safe up as much bitcoin as possible before it happens.

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Its unwise to comment on this thread saying the prices of bitcoin are guaranteed to rise. We don't know this yet. Maybe they won't. You guys are also not taking into account government policies that could come into place to make bitcoin lose its value.

Altcoinsupporter

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Holding bitcoin for long is a very viable way to increase your networth. I wouldn't be passive though I'd gather more and more bitcoins.
Like that you will get the most out of it it else you will regret it if you have only one coin.

rektDude

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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!

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Quote from: shinratensei_ on September 20, 2016, 01:13:42 AM

Quote from: sulendra12 on September 20, 2016, 12:55:17 AM

Quote from: maydna on September 19, 2016, 11:59:26 PM

i am holding bitcoin for a long time because i know that the rate will be increase soon, but i don't know how exactly. just collect bitcoin as much as i can, and selling in 30% of bitcoin i have, if there is a good timing to buy when its low rate, i will buy, and sell in or just holding again, so i can get more bitcoin in my wallet.

We don't know when the highest price of bitcoin would be reached in the future . At least if you're really want to sell it and you still get profit from your selling , why not ? as long as you don't regret it after you sell your bitcoin and the price is still going up.

Please, you need for putting the other possibilities if the price is can getting a decrease, that's not matching just mentioned about the increases price of bitcoin but that is so not clear reason.

We are believers of bitcoin and in our mind the price will increase, and even if we see the price may fall back hard sometimes we are still very positive that it can recover anytime so holding for a long time is always a good method to manage our investment and earn money.

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Quote from: sulendra12 on September 20, 2016, 12:55:17 AM

Quote from: maydna on September 19, 2016, 11:59:26 PM

i am holding bitcoin for a long time because i know that the rate will be increase soon, but i don't know how exactly. just collect bitcoin as much as i can, and selling in 30% of bitcoin i have, if there is a good timing to buy when its low rate, i will buy, and sell in or just holding again, so i can get more bitcoin in my wallet.

We don't know when the highest price of bitcoin would be reached in the future . At least if you're really want to sell it and you still get profit from your selling , why not ? as long as you don't regret it after you sell your bitcoin and the price is still going up.

Please, you need for putting the other possibilities if the price is can getting a decrease, that's not matching just mentioned about the increases price of bitcoin but that is so not clear reason.

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Quote from: maydna on September 19, 2016, 11:59:26 PM

i am holding bitcoin for a long time because i know that the rate will be increase soon, but i don't know how exactly. just collect bitcoin as much as i can, and selling in 30% of bitcoin i have, if there is a good timing to buy when its low rate, i will buy, and sell in or just holding again, so i can get more bitcoin in my wallet.

We don't know when the highest price of bitcoin would be reached in the future . At least if you're really want to sell it and you still get profit from your selling , why not ? as long as you don't regret it after you sell your bitcoin and the price is still going up.

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i am holding bitcoin for a long time because i know that the rate will be increase soon, but i don't know how exactly. just collect bitcoin as much as i can, and selling in 30% of bitcoin i have, if there is a good timing to buy when its low rate, i will buy, and sell in or just holding again, so i can get more bitcoin in my wallet.

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Quote from: RobinHoodster on September 19, 2016, 11:24:14 AM

Holding bitcoin is a good viable way to make money cause bitcoin price will go up as more people invest which will happen for sure.
And when it happens it basicly means the bitcoin you had in your wallet is worth more than before.

Bitcoin is a great investment but we must not forget that any investment can lose money too, especially something like bitcoin that is not liked by governments and banks, for example what will happen if a worldwide ban on bitcoin was established? Although that will be very unlikely if something like that happen, the price of bitcoin will suffer.

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Quote from: RobinHoodster on September 19, 2016, 11:24:14 AM

Holding bitcoin is a good viable way to make money cause bitcoin price will go up as more people invest which will happen for sure.
And when it happens it basicly means the bitcoin you had in your wallet is worth more than before.

its not the recommended way to double your bitcoin is a short period of time but sure can be a way to profit even jsut few bucks. if one bitcoin can grow about 50% of its value every year then i guess its still a good investment.

RobinHoodster

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Holding bitcoin is a good viable way to make money cause bitcoin price will go up as more people invest which will happen for sure.
And when it happens it basicly means the bitcoin you had in your wallet is worth more than before.

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Quote from: skyway1 on September 15, 2016, 02:40:00 PM

Quote from: Newcoins2020 on September 15, 2016, 05:15:11 AM

Quote from: Johann Sebastian Bach on September 09, 2016, 09:30:25 PM

Bitcoin is a great investment but even the best investments can lose money if your timing is wrong, if you bought when bitcoin was 1000+ then even now you are still in problems if you timed your exit right you secured a good profit, so while bitcoin is in my opinion the investment of the century, you still need to use your common sense.

True you have to have timing. Alot of people just think it's buying bitcoin and being braindead after that but you actually have to do some kind of effort to maximize profits. Be sure to buy when they are low and starting to go up this is when most profit will be made.

yeah i agree with you and i also buy bitcoin with low price and then hold it for high price and then i get a big profit from bitcoin when price go to high after holding bitcoin so it good way and profitable to hold your bitcoin.

you are right and it is good idea that buy bitcoin with low price and then hold it for high price and i also earn bitcoin in huge amount through bitcoin trading and i think bitcoin trading is very safest and much more profitable.

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Always there is some risk involved, because we cant predict exactly if the price will increase or decrease in the future. But anyway holding nowadays could be profitable because the price is already increasing

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I believe that holding Bitcoins a long time is indeed a good way to make money, because the price is increasing smoothly and will increase a lot more in the future , most likely

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Quote from: serjent05 on September 18, 2016, 06:52:15 AM

Quote from: TheUltraElite on September 16, 2016, 02:40:57 AM

Holding bitcoins is a good method but you must have patience to hold it long enough. The people who mined blocked during 2009, used to get 20BTC as reward - which is huge in today's exchange rate. They are the real profit makers. Hence I am also collecting bitcoin and keeping it stored so that when the price skyrockets again I will sell them.

I agree you need to have lots of patience for you to take profit with bitcoin, holding bitcoin in j ust a few months will not give you the desired profit you are thinking. but I think itis 50 BTC per block during those 2009, then the first halving making btc to 25 bTC per block and now the recent halving. But I think investing it to oher ventures will give you more erning opportunity.

Patience is important although believing in the concept is mandatory too. Without belief you are likely to panic sell your coins when a crash occurs.
And believe me in the world of bitcoins, crashes are something you have to be able to deal with too.

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