Is Holding Bitcoin a long time good way to make money? - page 137.

Red-Apple

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Quote from: nizamcc on June 16, 2016, 09:12:19 AM

Holding it is not good, as I think there are many ways to grow your coins when you sell your coins at peak and buy them back at the lowest points.
There are opportunities that markets will give you, you need to get into the same with complete risk, and you will get out with great profits.

i totally agree but this is not suitable for everyone.
trading is hard and risky and not everyone can handle it and be successful, many people will fall for the hype and worse than that they fall for the FUD and will make stupid decisions that lead to big losses.

nizamcc

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Holding it is not good, as I think there are many ways to grow your coins when you sell your coins at peak and buy them back at the lowest points.
There are opportunities that markets will give you, you need to get into the same with complete risk, and you will get out with great profits.

bestluck

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Quote from: Altynbekova on June 14, 2016, 04:42:16 PM

Quote from: romero121 on June 14, 2016, 01:04:05 PM

Holding always a better option with bitcoin if you consider bitcoin equal to an investment. On the other side you could go with short term earnings for increasing your economy.

Holding is not always better but right now it is because of the halving that is coming.
Another nice thing is that its also rising right now and it has a nice price now also.

But I think holding is always better for the better price of bitcoin, as now the halving is still a month away from us but the price in increasing much faster because everyone is holding.

Legasean

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It can be profitable but it depends on the future of the bitcoin so its not really predictable, most likely it will be good and profitable for the long term users but no one can guarantee this now.

avw1982

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Quote from: NewInCryptoCurrency on June 15, 2016, 02:33:33 AM

Ï can tel you what it does to the price of the bitcoin if we all holding the price wont increase but if you want the most profit you need to hold them but dont hold them all keep spending.

Holding bitcoin is best and good way to make money but its much better to hold it occasionally. What I mean is make profit than waiting long time to boost its price. In this way, you can acquired more coins while at the same time gaining profit without waiting too much in time.

DashCoinDark

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i dont think this is the best strategy for everyone because if everyone is just holding coins we cant get a price increase and that is not what we want dont you.

NewInCryptoCurrency

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Ï can tel you what it does to the price of the bitcoin if we all holding the price wont increase but if you want the most profit you need to hold them but dont hold them all keep spending.

BombayChicken

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Quote from: Altynbekova on June 14, 2016, 04:42:16 PM

Quote from: romero121 on June 14, 2016, 01:04:05 PM

Holding always a better option with bitcoin if you consider bitcoin equal to an investment. On the other side you could go with short term earnings for increasing your economy.

Holding is not always better but right now it is because of the halving that is coming.
Another nice thing is that its also rising right now and it has a nice price now also.

You are for sure right about this holding is now pretty good with the nice bitcoin price that is increasing this days plus we also will get the halving very soon!

Altynbekova

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Quote from: romero121 on June 14, 2016, 01:04:05 PM

Holding always a better option with bitcoin if you consider bitcoin equal to an investment. On the other side you could go with short term earnings for increasing your economy.

Holding is not always better but right now it is because of the halving that is coming.
Another nice thing is that its also rising right now and it has a nice price now also.

randy8777

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Quote from: bitcoinhopper on June 14, 2016, 02:19:06 AM

Holding is just saving money but to earn some money you have to sell it and that is also the most risky thing but you dont even know what will happen later in the future.
But you can already see now that the halving is becoming more worth and the price of Bitcoin started already to rise so that is perfect.

certain prices are simply too cheap as for example when the price was sitting below the $300 price level. that was the perfect time to buy yourself as many coins as possible. and people have had enough time to buy below $300 prices, so there are no excuses. i invested at that time and secured profits at todays prices. that's the perfect example of successful holding. no risk involved. if you buy at the price today, then it's completely different. we don't know whether or not todays price is the peak.

romero121

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Holding always a better option with bitcoin if you consider bitcoin equal to an investment. On the other side you could go with short term earnings for increasing your economy.

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Holding Bitcoiin for a long time maybe a good way to make money or maybe not. This depends on what is the price trend of Bitcoin. For example, if you are one of those people who happen to buy Bitcoin at $1200, at this moment you can easily say, it's not worth it but if you are one of the people who bought Bitcoin at less than $200, then I bet you'll be celebrating now for your investment had already tripled. I think knowing when to buy and when to sell is the best way to make money in the long run.

Dakron

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Yes holding/keeping your bitcoin for a long time is good but you will consider the trend of the price when its price go down you should buy and when the price is go high you should sell it.

elyas772

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I think hold bitcoin in a long time can be a good way, but you must have good patience and also you should have more money to hold for a long time. I have confidence in the future of bitcoin prices will continue to rise. although the journey would experience fluctuating but in the end we will always achieve the highest price.

bitcoinhopper

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Bravity is beautiful.

Holding is just saving money but to earn some money you have to sell it and that is also the most risky thing but you dont even know what will happen later in the future.
But you can already see now that the halving is becoming more worth and the price of Bitcoin started already to rise so that is perfect.

Kendji

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Quote from: viking02 on June 30, 2015, 12:24:11 PM

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?

Yes offcourse because his price is raising fast

angaper

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My friend, you are a fortunate person if decided to keep your coins after buying them at $220. I also had a chance to acquire some coins at similar price but I did not bought. Nowadays, when the psychological barrier of $1000 seems closer every day, I only regret by the lost chances.

Altynbekova

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Yes I think that holding them is very good these days because its just so profitable, people that are going for long terms are gonna make huge profits.

bit1

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Quote from: bitlancr on June 12, 2016, 02:34:32 PM

yes I think it can be a very good choice and that you can make a lot of money with holding the bitcoin for a long term.
The bitcoin has at its first place a very nice future.

Agree, This has been demonstrated in recent years.

bitlancr

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yes I think it can be a very good choice and that you can make a lot of money with holding the bitcoin for a long term.
The bitcoin has at its first place a very nice future.

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