Topic: Is Holding Bitcoin a long time good way to make money? - page 138. (Read 368902 times)

I think it is good to keep your bitcoins at a long time.
Bitcoin's price always going up every year.
I remember when 1 BTC equals $1000.....

For me no because if you invest your bitcoin it will grow faster. I don't hold my btc for a long time because don't make money if I hold my btc in my wallet 

save bitcoin by storing the old wallet will make us do not get anything. if we want to earn more money then we must do the work simultaneously. for example trading, money we will rotate and we will get bitcoin more if we succeed.

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?

For me no because if you invest your bitcoin it will grow faster. I don't hold my btc for a long time because don't make money if I hold my btc in my wallet 

Holding is just a safe way to earn some money, but there must a time for you that you have to hold it if you want to earn some money with it and that is risky of course.
But without risks you cant earn money with it and waiting will be now the best option because it is now rising and that is perfect.

Patience is important, but the bad thing is that you won't know if the price will rise or fall later on.

I think it is good to keep your bitcoins at a long time.
Bitcoin's price always going up every year.
I remember when 1 BTC equals $1000.....

Holding your Bitcoin is just a nice way to save your money if you want to make money you have to sell it on the right moment and it is hard to make the right choice.
And patience is also important because it will be bad if you are selling it too early when you cant get profit of it.

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?

Holding Bitcoin is just a nice way to safe your money and that is because you have also to know that there will be more people that is knowing that it will be more worth.
And it can be really nice if you have the patience to wait for the right value so you can earn some profit with it.