Author

Topic: Is Holding Bitcoin a long time good way to make money? - page 127. (Read 368902 times)

hero member
Activity: 1040
Merit: 538
Defend Bitcoin and its PoW: bitcoincleanup.com
Yes, it is a very good way to make money, but you can not predict the Bitcoin price always, but it always skyrockets from time to time and always goes up and makes a new floor for itself. And when it falls down it is temporary, so the risk is not very big but the price can sometimes make us worry. It is a bit risky but it can indeed make a good profit if yiu hold some Bitcoins.
sr. member
Activity: 382
Merit: 250
Holding your bitcoins will be good for profit if and only when the price rises, the future is unpredictable.

Don't put all your eggs in one basket because there are many players in the crypto world who want to take over.
yeah the thing you said is right but seeing the potential and market of bitcoin at same time i believe it wont fall but rise high always and also many big companies are already trusting bitcoin and making it more stronger !
i don't think that other crypto currency can replace bitcoin !
hero member
Activity: 3010
Merit: 629
Hello
I would say yes because looking at the current graphs the price of bitcoins has risen to 700+ USD in the last few weeks. The price keeps going up and down. Keep an eye on the price and the price at which you bought the coins and sell them at the proper time to earn profits.
Good luck!
Yes i also believe that the price would go up and its a good investment to hold your bitcoin now. im holding my btc and for me i dont need to wait for a long time, as long as the price increase i will definitely sell it and earn.
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
Holding your bitcoins will be good for profit if and only when the price rises, the future is unpredictable.

Don't put all your eggs in one basket because there are many players in the crypto world who want to take over.
hero member
Activity: 630
Merit: 500
Now is the time to keep because bitcoin consequently it rise in the next few days . I do not know exactly when it will happen but it is better kept with us . For increased bitcoin we regret because we have bitcoin hidden . So good to store bitcoin . Even longer be keep it when we know that high prices will earn and increase our bitcoin.
hero member
Activity: 700
Merit: 500
It's not necessarily needed to wait very long for the price to increase and sell, a small spike could be more profitable in short terms. The only thing you have to keep in mind is that the bitcoin is unpredictable so you need to take some risks to make profit, like most investments of course.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Hello
I would say yes because looking at the current graphs the price of bitcoins has risen to 700+ USD in the last few weeks. The price keeps going up and down. Keep an eye on the price and the price at which you bought the coins and sell them at the proper time to earn profits.
Good luck!
legendary
Activity: 1638
Merit: 1046
I see many people didn't understand good this question. Holding bitcoins for a long time means that you expect that price will be very high one day, and then you can cash out that bitcoins an you will have profit. Simple example say if you buy 10 bitcoins for 650 dollars and that is 6500 $ and decide to hold it for 10 years. You expect price to be 3000 $ for one btc after 10 years, you earned 30 000 $ minus 6500 $ means you made 23 500 $ profit.

Holding is not making money, its something you stay on a side for future, and that is always big question will bitcoin have so high price for 10 years or not? You are gambling. Nothing is 100 % safe, maybe its better to put 10 btc in casino and try to make your pension today.

It would be better than putting 10 btc in casino to make a bitcoin casino with it and if that is not enough then take one more partner and together create a bitcoin casino that will earn him a very good income on daily basis.
I think 10 btc is not enough to start a big casino.. better to start increasing them in trading so that if you make 50 btc in trading you can start your own business  gambling is risky but almost all gambling site here are successful
full member
Activity: 136
Merit: 100
I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  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?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.



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?

it is good way to earn only if you sell your bitcoins at correct time and if you buy them later for good price, you will make lots of profit if you will do this
hero member
Activity: 756
Merit: 500
I see many people didn't understand good this question. Holding bitcoins for a long time means that you expect that price will be very high one day, and then you can cash out that bitcoins an you will have profit. Simple example say if you buy 10 bitcoins for 650 dollars and that is 6500 $ and decide to hold it for 10 years. You expect price to be 3000 $ for one btc after 10 years, you earned 30 000 $ minus 6500 $ means you made 23 500 $ profit.

Holding is not making money, its something you stay on a side for future, and that is always big question will bitcoin have so high price for 10 years or not? You are gambling. Nothing is 100 % safe, maybe its better to put 10 btc in casino and try to make your pension today.

It would be better than putting 10 btc in casino to make a bitcoin casino with it and if that is not enough then take one more partner and together create a bitcoin casino that will earn him a very good income on daily basis.
legendary
Activity: 3248
Merit: 1179
I see many people didn't understand good this question. Holding bitcoins for a long time means that you expect that price will be very high one day, and then you can cash out that bitcoins an you will have profit. Simple example say if you buy 10 bitcoins for 650 dollars and that is 6500 $ and decide to hold it for 10 years. You expect price to be 3000 $ for one btc after 10 years, you earned 30 000 $ minus 6500 $ means you made 23 500 $ profit.

Holding is not making money, its something you stay on a side for future, and that is always big question will bitcoin have so high price for 10 years or not? You are gambling. Nothing is 100 % safe, maybe its better to put 10 btc in casino and try to make your pension today.
hero member
Activity: 910
Merit: 507
Yes because the price sky rockets from time to time.
Yeah bitcoin is rise time to time so we need to earn bitcoin because it good to holding it for long time. Patient is key to success no one can become success if you do not have patient mostly they want easy money but its not long time there money exhaust. Just you need is wait and earn.
hero member
Activity: 644
Merit: 500
I'm not sure but maybe yes holding bitcoin in long time it is good. Patient is more important in this situation if you have patient go invest it in a long time but you do not have patient maybe do not invest it you must save it the way they do others investor. Patient is vertue. Invest wait and earn.

Yes holding is bitcoin is the biggest investment opportunity of current trend unfortunately only technical people are currently doing that regardless of many bigger investors are out of race. Satoshi thinks if bitcoin produces investment opportunity then it will gain initial acceptance even people do not know it's original usage.
hero member
Activity: 756
Merit: 500
I'm not sure but maybe yes holding bitcoin in long time it is good. Patient is more important in this situation if you have patient go invest it in a long time but you do not have patient maybe do not invest it you must save it the way they do others investor. Patient is vertue. Invest wait and earn.

Having patience and holding bitcoins is probably good but maybe holding them for too long and getting greedy for more profit is not good because no one knows if when the price goes high and when it comes down, so if you dont sell them on the time maybe the price comes down.
hero member
Activity: 910
Merit: 507
I'm not sure but maybe yes holding bitcoin in long time it is good. Patient is more important in this situation if you have patient go invest it in a long time but you do not have patient maybe do not invest it you must save it the way they do others investor. Patient is vertue. Invest wait and earn.
sr. member
Activity: 337
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  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?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.



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?

it is not a bad way to earn for sure as it only takes lots of time, but it is very easy thing to do because you just have to buy some bitcoins and keep them
legendary
Activity: 1372
Merit: 1005
Yes that is good for long trade because you can get profits and make double or times to hundreds that is called patient if you have that you can get big profit in your holding bitcoin for long investment. Bitcoin is good one to make money for this year onward because nothing can predict that bitcoin can do rise in a good price

I think No one can predict the future precisely.It is entirely one's own calculations and understanding of market that should count.If you are holding just because majority says so,then I dont think it would be a wise decision on your part.Hold it if you believe and do not invest too much.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
How much is long for you? For some people 1 month is long to hold bitcoin and I can say that this is not a good way to hold bitcoins, for me a long time can be 5+ years and through this time I should not care about the price and I should not count that I own/hold bitcoin because I said that I will hold for more than 5 years, holding for a long time can be good but also should check the news if something bad happens then we should sell them before bitcoin be useless.

I think it mainly depends on how bitcoin price is going to change, for example if price goes to the moon in a couple of months then that time is going to be the long term and it is a good idea to sell in a surge up.

but again the overall bitcoin price will rise in a couple of years (5+) so it is a good idea to hold to some amount even on top and keep it for the longer time.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
Yes that is good for long trade because you can get profits and make double or times to hundreds that is called patient if you have that you can get big profit in your holding bitcoin for long investment. Bitcoin is good one to make money for this year onward because nothing can predict that bitcoin can do rise in a good price
hero member
Activity: 798
Merit: 500
Of course Holding bitcoins long time is best way to make profit but for me as trader i will hold them as long as i can , but if i fined eny profitable altcoin today i will  use them)

yes the traders do buy and sell daily on regular basis, they hold only for shorter time, but I have some amount in my wallet and some I use for trade, any one canapply that strategy, for those who can hold for longer I will say that the price of bitcoin will increase more higher in the future so hold for longer.
Jump to: