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Topic: Is Holding Bitcoin a long time good way to make money? - page 134. (Read 368902 times)

full member
Activity: 140
Merit: 100
its a  good method and many people use this method because its very profitable.
hero member
Activity: 742
Merit: 500
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Holding up the bitcoin is very good indeed and you can make a lot of money with just holding the bitcoin in my eyes.
Its just how you look at it, holding is now very good.

If you buy at the right price and sell at the right price, then yes, you can make a decent profit. But some people wait too long before securing profits as they mostly think the price will go up more than it already did. For example the $790 peak not that long ago. If you didn't secure some profits at that price level, then I really don't know what people are waiting for. The market was due for a heavy correction. People that did secure profits have been quite happy as they could buy back far below the $600 level.

some people wait too long because they know the real purpose of their holding , they know that they started to hold for the profit of halving and not for those small pumps which will come before the halving.
sr. member
Activity: 364
Merit: 250
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.
legendary
Activity: 1232
Merit: 1091
Holding up the bitcoin is very good indeed and you can make a lot of money with just holding the bitcoin in my eyes.
Its just how you look at it, holding is now very good.

If you buy at the right price and sell at the right price, then yes, you can make a decent profit. But some people wait too long before securing profits as they mostly think the price will go up more than it already did. For example the $790 peak not that long ago. If you didn't secure some profits at that price level, then I really don't know what people are waiting for. The market was due for a heavy correction. People that did secure profits have been quite happy as they could buy back far below the $600 level.
sr. member
Activity: 448
Merit: 250
Holding up the bitcoin is very good indeed and you can make a lot of money with just holding the bitcoin in my eyes.
Its just how you look at it, holding is now very good.
hero member
Activity: 1120
Merit: 507
indeed, it is because once the price value increase of were gonna trade and then we keep holding it again.
I guess it is a case to case basis as you never know when it would go up or when it would suddenly fall.

I think the best thing to do is to invest it in a mining site. Totally, it is your choice when to trade it, when you think it’s the right time. Don’t depend it to what other people would say. It’s totally your choice as it’s your own bitcoin, you worked hard for it.
hero member
Activity: 1120
Merit: 507
Yeah its a good way to hold it for a long time but  better to watch the price because price of bitcoin is unpredictable it can reduce or increase depends in demand and supply.. so think better and look for the best time to sell your bitcoin to make more profit..
Also you just need to sell while it's high and buy while again to goes to low, depend from a case to case basis but the
majority know it all. Holding a btc for a long time could be profitable in some ways I'm not sure cause I'm using my bitcoin everyday to pay for my bills.
member
Activity: 98
Merit: 10
I like to think so, and I see it as a very likely outcome.

But the rational fact is that it is a gamble, and I think that's the healthiest way to approach it.

I'm starting to save bitcoins for the future, but I just don't take it so seriously, I don't find it practical to nurture such expectations.

A good way to make money is to move it, to invest it, and to make cool things. That's what my attention is on to.

If Bitcoin's value raises significantly and my savings re-value themselves, they'll be great. And if not, I still made cool stuff and made some coins on the way.
legendary
Activity: 1232
Merit: 1000
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%..

As quoted holding long time is is really to give a big profit or earning but there is no 100% assurance. Its better to hold and sell according to the growth.
yes you are right there is no guarantee hold bitcoin in a long time will be beneficial because bitcoin prices fluctuated. may decline and there will continue to increase in the future. I think bitcoin suitable for short-term, take advantage of the changes that occur at certain moments.

but not so bad if you want to do in the long term, because no one can predict the future of bitcoin.
legendary
Activity: 3234
Merit: 1214
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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%..

As quoted holding long time is is really to give a big profit or earning but there is no 100% assurance. Its better to hold and sell according to the growth.
newbie
Activity: 27
Merit: 0
Yes holding a bitcoin for a long time is a good way investment but you should check always the price for you to know on how you decide for holding it for a very longtime
sr. member
Activity: 1050
Merit: 252
actually yes holding your bitcoin for a long time will make earn more profit from it because while the time goes the bitcoin price is rising and will have an increase to it price .
hero member
Activity: 1050
Merit: 681
Yes holding bitcoin for long time is a very good way to earn more money but you should have that patience to hold your coins. normally people just keep spending their coins and trade a lot because they think they can earn more money in very less time. this is a problem with most of us.
sr. member
Activity: 364
Merit: 250
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%..
legendary
Activity: 3010
Merit: 1280
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off course holding bitcoins is a good thing but not holding every coin becasue that is not good for the price increase for us all if everyone holding the price will only drop.
That is the statistic law of supply and demand and yes that is going to happen if all user of bitcoin not spending it either online or offline. The bitcoin will be dropped like a roaler coaster as for the title holding bitcoin for a long time lets say 4-8 years will guarantee your financial issue in the future.


I kindly think so, and that might probably be the result.  But honestly it is something like a gamble.  Coz we all know we cant predict the future price of Bitcoin.  We can only speculate, but it is not the basis of will it increase or not. Will we make money or get bankrupt.  Still I think the best way to make money is to move it to invest on things that can give you profit.
hero member
Activity: 1092
Merit: 523
off course holding bitcoins is a good thing but not holding every coin becasue that is not good for the price increase for us all if everyone holding the price will only drop.
That is the statistic law of supply and demand and yes that is going to happen if all user of bitcoin not spending it either online or offline. The bitcoin will be dropped like a roaler coaster as for the title holding bitcoin for a long time lets say 4-8 years will guarantee your financial issue in the future.
hero member
Activity: 770
Merit: 500
Bazinga!
Yes ofcourse, holding bitcoin in a long time is profitable since the value of bitcoin is go high, but you need to set a time frame how long you can hold your bitcoin, base on price or it will only base on years.

My holding time frame is 10 to 20 years, if I do not need to use it. I belive the price will rise a lot in the future.

it is a good idea to hold bitcoin for a long time but i think 10 to 20 years is a little too long time to hold bitcoin.

bitcoin should really reach that high price sooner than 10 years and if it can't get there the price will not rise in 20 years either.
sr. member
Activity: 1123
Merit: 253
Yes ofcourse, holding bitcoin in a long time is profitable since the value of bitcoin is go high, but you need to set a time frame how long you can hold your bitcoin, base on price or it will only base on years.

My holding time frame is 10 to 20 years, if I do not need to use it. I belive the price will rise a lot in the future.
sr. member
Activity: 406
Merit: 250
Yes ofcourse, holding bitcoin in a long time is profitable since the value of bitcoin is go high, but you need to set a time frame how long you can hold your bitcoin, base on price or it will only base on years.
hero member
Activity: 658
Merit: 500
Yeah its a good way to hold it for a long time but  better to watch the price because price of bitcoin is unpredictable it can reduce or increase depends in demand and supply.. so think better and look for the best time to sell your bitcoin to make more profit..
Yes, but as long as it can hold it is much betyer to hold by 2 or more years because it will surely give a much higher profit and by that time bitcoins are more popular so it will more increase in demand the price will always continue to grow .
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