Topic: Is Holding Bitcoin a long time good way to make money? - page 121. (Read 368873 times)
It is good way as i earn from it a lot but it is pretty slow way to earn
Yes and no. It depends on what happens in the future. If bitcoin continues to be safe then it will probably only go up, but if some kind of scandal happens then it could drop by alot.
@OP,
Ask this question to them you mined bitcoins with CPU once when it was mine-able with it, and had many, or those who bought when it was just a few bucks, and also to them who bought it at its peak when the price reached $1k...
It is obviously a great way to make money hodling it for a very long time, this is just like a property, which gets its value increased as the time passes by...
Ask this question to them you mined bitcoins with CPU once when it was mine-able with it, and had many, or those who bought when it was just a few bucks, and also to them who bought it at its peak when the price reached $1k...
It is obviously a great way to make money hodling it for a very long time, this is just like a property, which gets its value increased as the time passes by...
Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.
In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.
It is risk but not a harmful risk as bitcoin is a reliable asset and with that we all are sure cannot lose our investment, I also have invested in there and do not consider that amount in risk but I am happy with that.
and still holding bitcoin what happened to them now? ,
yupp they are getting rich , risking their time for something that they thought that time will become worthy ,
and then their sacriface paid off , so do this time too i think will be same.
Patience really pays on future for sure. Holding you bitcoin would definitely reward us when the bitcoins price would rose up because as we all see that bitcoin has the potential to continue its up trend in upcoming years which is really an advantage especially to those who holds a lot of coins.
Some times i think that holding bitcoins can be profitable but it depends about how long you are holding them you know there are so many peopel just holding coins and dont even know where they are waiting for they need to stop using our coins dam.
the longer the holding bitcoin is not meant to be profitable. we have to find the right moment in the buying and selling bitcoin we have. in fact the more careful we do trading, the more our advantage. 
BTC will make you money, but only it you hold it for the very, very long term and are able to screen out high volatility and negative newsflow along the way. Easier said than done for most of us.
well. I don't think we cane earn enough with just holding bitcoin. as I can see the current price of bitcoin and it's price movement. there is nothing happened in quite long time and bitcoin price is almost stable. don't know it increase or not. so depending on just holding is not a smart move. I prefer to invest but need a lot of research and paper work. and everyone don't have that much patience. 
Here is the problem I was pondering about lately, regarding holding bitcoins:
What if the initial wave of price rise caused by overhyped potential of bitcoin is now gone?
I am talking about that phase when bitcoin was basically worthless, on the very beginning, and over course of 3 years it become valuable asset.
What if that phase is now gone? And from now on we will be experiencing stability? With rather minor fluctuation of price ($100-$150) caused mainly by random events (like Bitfinex hack)?
What if the initial wave of price rise caused by overhyped potential of bitcoin is now gone?
I am talking about that phase when bitcoin was basically worthless, on the very beginning, and over course of 3 years it become valuable asset.
What if that phase is now gone? And from now on we will be experiencing stability? With rather minor fluctuation of price ($100-$150) caused mainly by random events (like Bitfinex hack)?
Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.
In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.
It is risk but not a harmful risk as bitcoin is a reliable asset and with that we all are sure cannot lose our investment, I also have invested in there and do not consider that amount in risk but I am happy with that.
and still holding bitcoin what happened to them now? ,
yupp they are getting rich , risking their time for something that they thought that time will become worthy ,
and then their sacriface paid off , so do this time too i think will be same.
i think it is good way as it is safe but it is pretty slow, there are better ways to earn
Some times i think that holding bitcoins can be profitable but it depends about how long you are holding them you know there are so many peopel just holding coins and dont even know where they are waiting for they need to stop using our coins dam.
Holding your bitcoins to long is not really profitable because allot of peopel are doing that stupid strategy and i can tell you if everybody is going to do that you will see that the price of the bitcoin will fall verry low so be careful witch strategy you are going to use.
It depends. You'll have to look at different variables in order to come to a conclusion. At this point I do think bitcoin is healthy and will be rising up, but as you know anything can and will happen.
I'm not so sure, I think you have already missed your opportunity to make a real good amount of money using bitcoin. Of course anything can happen and they could rise again, but as I said anything can happen so dropping is also an option! Only time will tell.
BTC will make you money, but only it you hold it for the very, very long term and are able to screen out high volatility and negative newsflow along the way. Easier said than done for most of us.
Simple "time is money" and the theory Holding for long term = passing every good moment on bitcoin = every second waste your profit and your money. 
yeah quite good, if you have a lot of bitcoin in hold for the long term. but if the money is not much, hold for the long term is not a good way to make money. better trade to make money short term.
BTC will make you money, but only it you hold it for the very, very long term and are able to screen out high volatility and negative newsflow along the way. Easier said than done for most of us.
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.
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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.
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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.
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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.
i think its a good way, because bitcoin still exist until the last mining. and from time to time, the rate will be up and down, but i think it will be increase than before so for example we have 10 btc, keep 5 bitcoin and make a buy bitcoin at cheap price and sell bitcoin at up price so we can get profit from bitcoin and our bitcoin stock will be grow in next month or year.
Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.
In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.
I do not consider it as a risk as I do not have lost any money at bitcoin but only a small amount with the recent dump which is looking as recoverable , as the price will once again sooner or later start to increase and will go more higher.
as i have good experience in short term investment as well as in long term investment. i have also good experience in stock exchange, in all my experience i fount that long term investment is the safest way of earning money. in long term investment there is a little chance of loosing your money, while in short term investment you can lose a lot of money in a very very short period of time. there for to me holding bitcoin for a long time will be a good decision and hope it will give you a good profit at the end. i my self holding bitcoin for long time.
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