Topic: Is Holding Bitcoin a long time good way to make money? - page 133. (Read 368902 times)

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?

Yeah majority time holding gives profit, but one needs to be in close observation while holding because because based on price fluctuations we need to change our decisions only then the better profit is ours.

Yes majority times this will help you gain profit. But you should not be in hurry when the price is low and want to sell. You should able to hold it for may be months to gain it and you will end up getting  good profits.

Yes holding the bitcoin is good if you are doing it on a good way, if you hold your bitcoins right now and stay holding them you will make good profits.
The nice fact is that the halving is also coming and it will be profitable most likely.

You are right about that the future cannot be predicted but it still that the halving will most likely be good and due to that it has a good long term future.
The bitcoin is becoming more popular everyday.

but i think that you do not need to wait for such a long time now. the halving is approaching and the bitcoin rate will become double very soon. so you have to wait may be for few days. then you will receive a good profit from the bitcoin you have hold.

Yes the bitcoin has a good future but its still the question if it will prove itself and prove it has a good one.
I think a long term is good but we cannot see this with 100%..

Yes, it is right that with halving the price of bitcoin will increase much higher, So he should have to hold his coins and have to wait a little, but not have to hold for short period, I will suggest to hold for about more than a year as with that he will get profit from continuous rising of the price of bitcoin.

Yes holding the bitcoin is good if you are doing it on a good way, if you hold your bitcoins right now and stay holding them you will make good profits.
The nice fact is that the halving is also coming and it will be profitable most likely.

That's right but on holding you need to have a fixed schedule in terms of price and holding only then can grab the good profit.

you need exist points when the price is up, and buying points when the price is low. in this way you can profit by the way.

in my own, i think it still good to start buying and holding bitcoins for long term.

Those who cannot remember the past are condemned to repeat it.’
-anonymous

when i meet bitcoin last year its only $260-$280 range i never expect it to go up knowing its reach $1000 already.