Topic: Is Holding Bitcoin a long time good way to make money? - page 13. (Read 368915 times)
I think it isn't a bad idea for some people at some reasons they noticed that prices are still uprising, but majority of people are holding the same way. Maybe we should say that holding is the best way but we can't predict the future. If you think it is good enough to sell then sell it, than to have nothing in hand. It is tto be sure that you are guarantee in your own efforts. It is also a challenge in each and one of us.
The thing is each person has a long time period different from others, lets say for me long time is 6 months above, since crypto does changes very fast, sure bitcoin has rewarded the holders from the last 7 years, who where able to buy and hold had made a nice profit atleast of 5x its investment, but the thing is a lot people from the holders had sold their coins once they hit the roi, the benefict to save for some years might be huge but there is a risk as well.
It is not actually advisable to sell the coin immediately right after getting the ROI because the challenge and opportunity is being avoided. Besides, to hold bitcoin is a great privilege for future use because we all know that its price and value gets higher and higher even though it sometimes falls down. Don not be afraid to encounter the fall of bitcoin price because it is guaranteed to go up immediately.
The important thing is we have to be careful in choosing the time to buy and sell bitcoin we have.
This is the most important thing that must be possessed by a trader.
If you buy bitcoin right now and you hold it that maybe a good move,
but if you already have bitcoin and hold it until now, you lost a great chance to get some profit in the next few months
This is the most important thing that must be possessed by a trader.
If you buy bitcoin right now and you hold it that maybe a good move,
but if you already have bitcoin and hold it until now, you lost a great chance to get some profit in the next few months
The thing is each person has a long time period different from others, lets say for me long time is 6 months above, since crypto does changes very fast, sure bitcoin has rewarded the holders from the last 7 years, who where able to buy and hold had made a nice profit atleast of 5x its investment, but the thing is a lot people from the holders had sold their coins once they hit the roi, the benefict to save for some years might be huge but there is a risk as well.
Holding bitcoin for long term is the best way to earn good money but majority of people can not hold because everyone is looking for instant gratification. We want to buy the new Iphone, travel the world and we want the money now. Nobody get rich livingthat way!
some people this is what they have done for , a;; of wanted to buy want we want and what we need but more on for what just we want so some people are tend to hold it for their purposes , they hold it to make money.It is indeed good to hold bitcoin for a long period. But as for me, holding bitcoin for a long period of time is more risky than holding it for a short period of time. Bitcoin value keeps on fluctuating, so if ever there are times that its price increases that much or reach your target price, better sell it. Also, if there are emergency or unwanted happenings, you can't really avoid to sell your bitcoin.
This is a good way to make money from bitcoin but you have to buy it with low value and hold an average length of 1-2 months.
lenght of 1 to 2 months is good but long term of 6 to 1 year if your can is better , holding bitcoin for me is also investment so if you hold bitcoin for 6 to 1 year time frame youll be going to have a good profit it also depends on how much bitcoin you hold the more you hold the more you earn profit.
Longer time is not always good, we should see all possibilities that may comes in the next few months or years. There is something that may make your plan goes bad, i.e local government regulation like what has been done by China. Your plan to hold for year(s) can be failed in such condition.
Holding bitcoin for long term is the best way to earn good money but majority of people can not hold because everyone is looking for instant gratification. We want to buy the new Iphone, travel the world and we want the money now. Nobody get rich livingthat way!
some people this is what they have done for , a;; of wanted to buy want we want and what we need but more on for what just we want so some people are tend to hold it for their purposes , they hold it to make money. 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?
if this thread and the post here used by those user that has been active since this post created.they might be richer now because bitcoin rises price up to more than thousand percent.and last year is the biggest year for bitcoin holder.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?
But this is not the end for holding bitcoin has a promising future for the holders tl hang on.and i believe that if we hold still the profit is indeed for us.
Holding bitcoin for long term is the best way to earn good money but majority of people can not hold because everyone is looking for instant gratification. We want to buy the new Iphone, travel the world and we want the money now. Nobody get rich livingthat way!
Those who holded BTC from Nov-Dec 2017 will say holding was great.
Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss
)
Well it's true, that who holding a bitcoin November to December last year 2017 was so great. Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss
)The value of bitcoin now are so huge and I can not believe that will give me a rich life because of their price.
This year was more exciting and I think it will more up.
The price dump is so normal in the crypto due to the fact that it's volatile, you lose if you panic so what you have to do is trust and hold bitcoin.
Continue working to earn and think more of your future rather than worry in the current situation.
if last year gains is and indication how much btc can grow we are in good position
Those who holded BTC from Nov-Dec 2017 will say holding was great.
Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss)
It is just a matter of time. The thing is things keep on changing but if we talk generally, then it is holding of bitcoin which is more profitable than that of trading or any other thing. Holding of bitcoin can actually help you make some very good amount of money though after some period of time but still it is the easiest way of making money. It does not involve that much risk as in case of trading. Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss
)
Those who holded BTC from Nov-Dec 2017 will say holding was great.
Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss)
Well it's true, that who holding a bitcoin November to December last year 2017 was so great. Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss
)The value of bitcoin now are so huge and I can not believe that will give me a rich life because of their price.
This year was more exciting and I think it will more up.
I figure you can hold up some BTC yet you generally need to watch out for the market self since it can change each moment and hour so dependably watch out for it. Long terms are for the most part great however nobody can anticipate the future so nothing is certain.
Those who holded BTC from Nov-Dec 2017 will say holding was great.
Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss)
Well it's true, that who holding a bitcoin November to December last year 2017 was so great. Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss
)The value of bitcoin now are so huge and I can not believe that will give me a rich life because of their price.
This year was more exciting and I think it will more up.
Those who holded BTC from Nov-Dec 2017 will say holding was great.
Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss)
Those who traded BTC from the end Dec 2017 to Jan 2018 will say trading was great (unless he don't know some basic buy sell to get loss
) This is a good way to make money from bitcoin but you have to buy it with low value and hold an average length of 1-2 months.
lenght of 1 to 2 months is good but long term of 6 to 1 year if your can is better , holding bitcoin for me is also investment so if you hold bitcoin for 6 to 1 year time frame youll be going to have a good profit it also depends on how much bitcoin you hold the more you hold the more you earn profit.
Longer time is not always good, we should see all possibilities that may comes in the next few months or years. There is something that may make your plan goes bad, i.e local government regulation like what has been done by China. Your plan to hold for year(s) can be failed in such condition.
You do not know the future and can not have all exact prediction for the price of Bitcoin, therefore, prepare the worst situation for your investment.
Well, if the OP has just holded his BTC!
This is a good way to make money from bitcoin but you have to buy it with low value and hold an average length of 1-2 months.
lenght of 1 to 2 months is good but long term of 6 to 1 year if your can is better , holding bitcoin for me is also investment so if you hold bitcoin for 6 to 1 year time frame youll be going to have a good profit it also depends on how much bitcoin you hold the more you hold the more you earn profit.
Longer time is not always good, we should see all possibilities that may comes in the next few months or years. There is something that may make your plan goes bad, i.e local government regulation like what has been done by China. Your plan to hold for year(s) can be failed in such condition.
Yah holding bitcoin for long time is good to make money. Nowadays bitcoin price is increasing highly in the market. Now the price of bitcoin is around $11000. Surely the price will fly to moon, but for that we have to hold the bitcoin for 2 to 3 years and wait with patience.
Perhaps I completely agree with you that you need to save Bitcoin for the best prospects, But today it's rather difficult to do, especially when there are plans for some purchases or even a simple life. Today, life is expensive and you need to spend money while selling Bitcoin. Jump to: