Topic: Is Holding Bitcoin a long time good way to make money? - page 116. (Read 368873 times)
Yeah its really good way to hold your bitcoin for long time to make a good money and i also hold my bitcoin in huge amount for long term because i am sure that bitcoin will be double its price in the near future and we can be get a big profit from bitcoin easily.
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.
It is a way to make money but IMO at the moment not a good way unless you have years to wait. Investing in bitocoin takes so much time. Before your wallet grows bitcoin has to grow bigger and this is out of your hands. But overall if you invest and hold it down 3+ years then you'll see profit for sure.
But it is better than any other asset like gold because with bitcoin we earn a high profit within a small timing while in gold earning that amount we will have to wait for years, so bitcoin is much beneficial asset for to earn and if we hold for more longer then we will be rich with it.
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.
Holding bitcoin in a long time may good way to make money but uncertainty because no can predict bitcoin in the future, but the good thing holding in bitcoin is if the bitcoin price 1 - 450 USD and sell it if the price is high.
It is a way to make money but IMO at the moment not a good way unless you have years to wait. Investing in bitocoin takes so much time. Before your wallet grows bitcoin has to grow bigger and this is out of your hands. But overall if you invest and hold it down 3+ years then you'll see profit for sure.
But it is better than any other asset like gold because with bitcoin we earn a high profit within a small timing while in gold earning that amount we will have to wait for years, so bitcoin is much beneficial asset for to earn and if we hold for more longer then we will be rich with it.
It is a way to make money but IMO at the moment not a good way unless you have years to wait. Investing in bitocoin takes so much time. Before your wallet grows bitcoin has to grow bigger and this is out of your hands. But overall if you invest and hold it down 3+ years then you'll see profit for sure.
But it is better than any other asset like gold because with bitcoin we earn a high profit within a small timing while in gold earning that amount we will have to wait for years, so bitcoin is much beneficial asset for to earn and if we hold for more longer then we will be rich with it.
If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..
but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many
but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many
One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.
you have a point though, if you dont sell your bitcoin you would not suffer such loss because you didnt exchange it to fiat. As long as you hold it you wont suffer lose in any way and also we could wait as long as we want and we have the will on when we would sell our bitcoin as we see that the price is profitable enough to sell our coins.
If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..
but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many
but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many
One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.
If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..
but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many
but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many
It is a way to make money but IMO at the moment not a good way unless you have years to wait. Investing in bitocoin takes so much time. Before your wallet grows bitcoin has to grow bigger and this is out of your hands. But overall if you invest and hold it down 3+ years then you'll see profit for sure.
But it is better than any other asset like gold because with bitcoin we earn a high profit within a small timing while in gold earning that amount we will have to wait for years, so bitcoin is much beneficial asset for to earn and if we hold for more longer then we will be rich with it.
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.
I think it's good way for Beginner's who dont know about trading or other earning method. And this is also not riskfree because none can assure that bitcoin price will only rise, it could be go down also.
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.
It is a way to make money but IMO at the moment not a good way unless you have years to wait. Investing in bitocoin takes so much time. Before your wallet grows bitcoin has to grow bigger and this is out of your hands. But overall if you invest and hold it down 3+ years then you'll see profit for sure.
Holding bitcoin will be the best idea since it is expected to go much higher in the following months.i would advice to keep more bitcoins as saving and invest the rest of bitcoins in trading. but remember trading is risky.
Holding bitcoin will indeed make lots of profit but maybe prices will go down now first and then back up and that's the little window in which you have to make most money.
It doesn't seem like bitcoin is going up so much right now it's going down more I think so might have to wait before buying again.
Bitcoin holding is a good way to make money but a better way would be to get even more bitcoin because holding bitcoin doesnt generate bitcoin it just generates profit from the bitcoin which goes up so if you have multiple then its multiple profit.
You are right holding bitcoin will not generate bitcoins but will increase our money invested in these bitcoins, and the other point is that if a person do not have any larger capital for investment then they can invest the available minimum capital also as sometimes we see a bigger boost in bitcoin and with that even those people with lower amount of bitcoin also earn some good profit. 
I dont think it is very clever to hold your bitcoins for that long if you want to make money with it holding is not the best option because the price wont rise allot off course.
but i think long term investment is the best investment at all. there you have a very little chance of loosing your money, it is risk free and tension free, as compare to short term investment, where always a chance of loosing your money because of panic selling, but in long term investment you do not care for panic selling. 
I dont think it is very clever to hold your bitcoins for such a long time becuase if you dont do anything with your coins the value wont change and doubling coins is easy with tradings.
but if someone will put their extra money in bitcoin then it will not bad idea, and I think it will affect the value in positive as if people will store their bitcoins in their wallet then with the lower supply and high demand the price of bitcoin will rise up. We jsut need to store our extra money as bitcoin for longer time and have to use the remaining in bitcoin market for our purchases and transactions.
I dont think it is very clever to hold your bitcoins for such a long time becuase if you dont do anything with your coins the value wont change and doubling coins is easy with tradings.
but i think bitcoin price has a good potential and even with simply holding you can get a good profit from it, because it is expected that the price of bitcoin will increase too much in future, therefor i think holding bitcoin is also a good option. Jump to: