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Topic: Is Holding Bitcoin a long time good way to make money? - page 118. (Read 368873 times)

hero member
Activity: 966
Merit: 506
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.
legendary
Activity: 1484
Merit: 1004
most people are predicting about bitcoin in the future will have a high price. I am also sure of it. in the future growth of bitcoin will be very big. we will reach the highest price in the future, so it really is very good if you hold bitcoin for the long term. but if you only make money this way, at least you should hold in large amounts.
i just afraid people optimism about bitcoin turn to a high dissapointment.
don't put too high expectation to anything or you will hurt.
although i'm personally still have a faith to bitcoin price will still go up.
i just hold a little amount bitcoin only for my long term investment , and so far so good.

people will always come up with insanely high price predictions. it's mainly because of how it was back in the days where it was going up and down like 50% once in a month. they think bitcoin is still in the same phase right now. they don't realize that there is much more money needed to get the price to go up compared to years ago.
there is no harm actually to make a prediction how much bitcoin price will be.
but when it comes to something real action like you invested thousands dollar.
because you believe within a year the price will get doubled.
but instead the price doubled they just losing half value of total money invested , it's pretty hurt.
separate you money to invest in bitcoin , and you are good to go to hold bitcoin for long time.
legendary
Activity: 840
Merit: 1000
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

It's very easy to say that, but the reality mostly turns out to be different. Especially when the price goes up to very high levels in a matter of months. People will get tempted to sell their coins in order to secure profits. That's how it always has been. Only the most solid holders will be able to do so.
and the peoples who have a lot of money and can afford their loses when the price fall,
but I think this is reality of bitcoin. if people sell their coins when price goes high then price again come down. and they again buy coins and it continues. this is the beauty of bitcoin. everyone can get profit everytime.
legendary
Activity: 2884
Merit: 1258
Up to 300% + 200 FS deposit bonuses
most people are predicting about bitcoin in the future will have a high price. I am also sure of it. in the future growth of bitcoin will be very big. we will reach the highest price in the future, so it really is very good if you hold bitcoin for the long term. but if you only make money this way, at least you should hold in large amounts.
i just afraid people optimism about bitcoin turn to a high dissapointment.
don't put too high expectation to anything or you will hurt.
although i'm personally still have a faith to bitcoin price will still go up.
i just hold a little amount bitcoin only for my long term investment , and so far so good.

people will always come up with insanely high price predictions. it's mainly because of how it was back in the days where it was going up and down like 50% once in a month. they think bitcoin is still in the same phase right now. they don't realize that there is much more money needed to get the price to go up compared to years ago.

This statement is very true.  This is one of the problem of those people who don't understand the reality of bitcoin value and the needed demand to increase a single dollar to bitcoin price.  I totally agree that it needs more money to increase the value of bitcoin than it was before.  So i can say the higher the bitcoin price is the bigger  demand it needs thus slowing the growth  of bitcoin price.  I can say that holding bitcoin won't guarantee you a huge profit even if you hold it in a very long time.
newbie
Activity: 65
Merit: 0
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

Yeah that is really a genius decision to hold for a few years more as bitcoin is a much better and effective investment and every person who have good knowledge about bitcoin believe that yes the price of bitcoin is going to increase and will continuously increase further in the coming months and years.

Most of us here on this forum  expect and hoping on the same thing which is  bitcoins price would go high  on upcoming years and we really love to see it since  it would  surely give  us  profits  when that thing happens. Holding  bitcoin would be  also a good long term investment and  also  in short term. Its really up to you.

I think the bitcoin will be higher in the coming years. That is the reason why I still keep the bitcoins I bought several years ago.
legendary
Activity: 3094
Merit: 1127
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

Yeah that is really a genius decision to hold for a few years more as bitcoin is a much better and effective investment and every person who have good knowledge about bitcoin believe that yes the price of bitcoin is going to increase and will continuously increase further in the coming months and years.

Most of us here on this forum  expect and hoping on the same thing which is  bitcoins price would go high  on upcoming years and we really love to see it since  it would  surely give  us  profits  when that thing happens. Holding  bitcoin would be  also a good long term investment and  also  in short term. Its really up to you.
hero member
Activity: 742
Merit: 500
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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

Yeah that is really a genius decision to hold for a few years more as bitcoin is a much better and effective investment and every person who have good knowledge about bitcoin believe that yes the price of bitcoin is going to increase and will continuously increase further in the coming months and years.
legendary
Activity: 1204
Merit: 1000
OP is comparing the profit for 100 bitcoins which are not easy to achieve, it depends how much can you afford losing if you hold this amount.
But if you go and hold for a long time then you will have a huge profit or a huge loss, it depends how much you trust the bitcoin.
hero member
Activity: 952
Merit: 503
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.
full member
Activity: 196
Merit: 100
Better off buying gold or investing in stocks. If you have like $500-$1000 to just throw away, why not just throw Bitcoin in some cold wallet storage and hope for the best. I truthfully think you will be very disappointed though. More regulations, startup businesses, and worldwide knowledge about bitcoin has grown significantly. Its great to witness, but in part I believe this has caused the price to become more stable. Some people rather have a stable Bitcoin price, but if you are looking for that pipe dream of turning your investment into riches I think those days are over for good with Bitcoin.
hero member
Activity: 756
Merit: 500
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.

That is actually not something to be told if someone is wishing to invest money he should probably see everything before doing that, but still i think sometimes you don't know if this could happen, so if someone bought bitcoin when it was above $1k then he probably have thought that it will go higher but he did not think it will come lower later on.
legendary
Activity: 1386
Merit: 1020
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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

It's very easy to say that, but the reality mostly turns out to be different. Especially when the price goes up to very high levels in a matter of months. People will get tempted to sell their coins in order to secure profits. That's how it always has been. Only the most solid holders will be able to do so.
I had this at the very beginning of when I joined the Bitcoin world.

I thought I'll keep hodling till the price at least doubles ik value. I ended up selling when the price got up like 20% from the moment I bought my coins.

As soon as I got my initial investment amount back, I kept hodling and hodling without being tempted to sell when the price has gone up considerably.

This is  what we called doing  short trades which is also a good  way to gain profits on bitcoin. Some may wait for a long time  but some   dont  want the waiting game they just want to  sell it on a specific price that they planned. You would really enjoy profits  even on doing short trades only and  also for long term  goals.
legendary
Activity: 1526
Merit: 1179
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

It's very easy to say that, but the reality mostly turns out to be different. Especially when the price goes up to very high levels in a matter of months. People will get tempted to sell their coins in order to secure profits. That's how it always has been. Only the most solid holders will be able to do so.
I had this at the very beginning of when I joined the Bitcoin world.

I thought I'll keep hodling till the price at least doubles ik value. I ended up selling when the price got up like 20% from the moment I bought my coins.

As soon as I got my initial investment amount back, I kept hodling and hodling without being tempted to sell when the price has gone up considerably.
hero member
Activity: 2506
Merit: 644
Eloncoin.org - Mars, here we come!
It depend on you, if you can hold your bitcoins for long time and also it suit you i mean you can handle it than no problem to hold the bitcoin for long time period, because we know that with the passing of time bitcoin would be increased, but during your hold the bitcoin if you feel now bitcoin is on the top and if you sell it and make profit, than you should sell it. 
newbie
Activity: 29
Merit: 0
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.
legendary
Activity: 1232
Merit: 1091
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

It's very easy to say that, but the reality mostly turns out to be different. Especially when the price goes up to very high levels in a matter of months. People will get tempted to sell their coins in order to secure profits. That's how it always has been. Only the most solid holders will be able to do so.
legendary
Activity: 896
Merit: 1000
most people are predicting about bitcoin in the future will have a high price. I am also sure of it. in the future growth of bitcoin will be very big. we will reach the highest price in the future, so it really is very good if you hold bitcoin for the long term. but if you only make money this way, at least you should hold in large amounts.
i just afraid people optimism about bitcoin turn to a high dissapointment.
don't put too high expectation to anything or you will hurt.
although i'm personally still have a faith to bitcoin price will still go up.
i just hold a little amount bitcoin only for my long term investment , and so far so good.

people will always come up with insanely high price predictions. it's mainly because of how it was back in the days where it was going up and down like 50% once in a month. they think bitcoin is still in the same phase right now. they don't realize that there is much more money needed to get the price to go up compared to years ago.
legendary
Activity: 1274
Merit: 1001
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
sr. member
Activity: 244
Merit: 250
If you are holding the bitcoin for a long term you can make some good money with it, I have no doubts about it and you can also use it as a payment method with the profit.
The bitcoin can simply be used for short terms but also for long terms these days.
legendary
Activity: 1596
Merit: 1011
most people are predicting about bitcoin in the future will have a high price. I am also sure of it. in the future growth of bitcoin will be very big. we will reach the highest price in the future, so it really is very good if you hold bitcoin for the long term. but if you only make money this way, at least you should hold in large amounts.
some people and maybe including you. I also felt the same way, the power of bitcoin is getting bigger and stronger. but we still need a lot of capital at this time to benefit greatly in the future. the greater our capital, the greater our chances to earn more money.
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