Author

Topic: Is Holding Bitcoin a long time good way to make money? - page 117. (Read 368873 times)

sr. member
Activity: 370
Merit: 250
Forza Italia
Holding bitcoin a long time to make money really works you just have to make sure to sell it in the right time and you also need to have enough bitcoin to actually make money from it when prices increase cause if you just have 2 btc for example then with price increases you will not have much profit at all but with 10 bitcoin you will.
newbie
Activity: 8
Merit: 0
I also have some amount invested in bitcoin and I am planning for a longer time wait with that, I hope I will earn a good amount with this investment. Ihave believe on long term investment in bitcoin.
full member
Activity: 126
Merit: 100
Holding your bitcoin for a period of time is well good enough for an investment.  But still it depends on the quantity of btc you are holding with.  If you want your btc to grow even much bigger than it has to be than upon holding it for a period of time.  Then you invest it with caution.    The more btc you can have in the future the bigger the profit it can give you.
hero member
Activity: 644
Merit: 500
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.
I agree, i think its not necessary to hold your btc for such a long time, just monitor the price and if you see that its enough for you to earn then sell it. but we have different preference and ways how to earn more so its still depends on you.
me too i rather use my btc with alt trading while waiting for the price to rise up as many potential alt that can be trade today we will be assured that we will able to gain more profits from the btc that we are holding. good luck.
hero member
Activity: 3010
Merit: 629
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.
I agree, i think its not necessary to hold your btc for such a long time, just monitor the price and if you see that its enough for you to earn then sell it. but we have different preference and ways how to earn more so its still depends on you.
legendary
Activity: 3206
Merit: 1213
casinosblockchain.io
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.

Holding bitcoin and making profit from it is not appreciable as mentioned by the above mate, because it gives very mere earning after long interval because none is sure when the price increase happens. For this reason its better to risk yourself into other earning methods and grab the best profit in a short time.
sr. member
Activity: 256
Merit: 250
Ofcourse, as you can see the prove that bitcoin value got increased.
But for me, I will keep hold it until next halving 2019 since bitcoin getting greater than other well known investment such as gold

Same thing doing here. I'm holding until the next halving which is quite a while away indeed but I think in that time alot can happen already and set us up for a good price skyrocket.
Saving up each day to invest more into bitcoin and hoping it's worth it in the long run, but if i don't try ill regret it anyways.
sr. member
Activity: 2394
Merit: 454
For me it's a yes. Though bitcoin right now is in the low range but it doesn't mean it will be just right there in that range. Who knows after a month or a year it will again in the high rate $1200 or more. Saving it won't cause you any harm but it's just my own opinion, we decide on our own, so the decision is still in yours whether you save it or not.
sr. member
Activity: 364
Merit: 250
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.
sr. member
Activity: 344
Merit: 250
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.
member
Activity: 114
Merit: 10
If you are holding long enough, I'm pretty sure you will make some good profit but of course you also need some luck with doing this, I think the bitcoin is profitable on a long term and that its possible for sure.
You only need the patient and wait on the right moment to sell when you are on that one moment.
full member
Activity: 126
Merit: 100
As you can see the coin is stable for the moment. That's because everyone is just holding their coins because
he is not rising that much. But that is the mistake everybody makes if we hold our coins that long
the price will only fall so spent your coins not all of them but a couple or invest you will see the price growing day by day.
hero member
Activity: 546
Merit: 500
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.
hero member
Activity: 616
Merit: 500
Yes holding bitcoin gives alot of profit if you do it right. Right now it's not such a good source of income because price was quite stable and nowadays it's going downwards again maybe wait till it reach its lowest point then buy them and wait to go up.
sr. member
Activity: 364
Merit: 250
However, isn't the value of bitcoin almost always going to go up so its best to hold it?

In theory it should being a deflationary currency, but it all depends on supply and demand.

Quote
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? 

Again, in theory the halving should push the value up but that also depends on what the demand for coins is like.
Quote
Could bitcoin go all the way to 0 soon? 

It could go to zero or less than $100 but probably wont anytime soon and hopefully never.


Quote
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 price is very low and bitcoin hasn't reached even a small percentage of it's potential so the potential for it to rise dramatically or go back to around $1000 is very good in my opinion though we may need patience.
Holding bitcoins on a long time is not good for the price of the bitcoin but it can be profitable for you but i dont know wich amount you bought them for you know that is really important.
hero member
Activity: 924
Merit: 505
Yeah sure holding your bitcoin for long time is good way to make a good profit because bitcoin is really more increasing its price in coming few months and people are buying bitcoin and then holding it for future.
yes i am also in favour of long term investment, long term investment is less risky as compare to short term investment, in long term investment you can make a good profit with out any fear and you will not even think about the small ups and dumps but will be waiting patiently for a long time with out any fear.
Long term invesment is good for the investor have patient to wait that the price increase. Maybe more investors want easy money so they go for short term investment. But they do not know that the short term is risky for them. Many investor are take risk by going short term if their need money. They have no patient to wait.
sr. member
Activity: 308
Merit: 250
Yeah sure holding your bitcoin for long time is good way to make a good profit because bitcoin is really more increasing its price in coming few months and people are buying bitcoin and then holding it for future.
yes it is a fact and i also like long term investment but in fact every one has their own choice and nature of trading, some people like short term investment and they have good experience in it while some people like long term investment and they have also good experience in it.
full member
Activity: 238
Merit: 100
Yeah sure holding your bitcoin for long time is good way to make a good profit because bitcoin is really more increasing its price in coming few months and people are buying bitcoin and then holding it for future.
yes i am also in favour of long term investment, long term investment is less risky as compare to short term investment, in long term investment you can make a good profit with out any fear and you will not even think about the small ups and dumps but will be waiting patiently for a long time with out any fear.
hero member
Activity: 896
Merit: 514
its really too good way that hold your bitcoin for long time for making profit and i also hold my all bitcoin and until wait for increase its price to higher and bitcoin is really going to increase its price to higher too much faster so it good way to hold bitcoin for long time.
hero member
Activity: 798
Merit: 1000
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.

Absolutely you are right, in trading right time decision give you profit, otherwise the good chance never come back again, also it doesn't matter what you have coins enough or less, i am talking about the right moment, and only one moment give you profit, and if you left it so it has clear mean you should have to wait, and may be the time never come back.
well with bitcoin it is not like that. this thing won't apply in bitcoin. I am saying this because what I see so far in bitcoin that is bitcoin is full of chances.. it is good that if you get benefit of first chance. but if by chance someone miss a chance it doesn't mean he should not join bitcoin anymore. he can still join bitcoin and can get enter to the bot.
Jump to: