Topic: Is Holding Bitcoin a long time good way to make money? - page 147. (Read 368873 times)

Hard to answer,and depending bitcoin price for now and next year.lets think if we hold bitcoin 4 year ago,and check bitcoin price for now,we are not get money because bitcoin price going down almost a half.

its good for now,bitcoin price keep raise up,and you can buy bitcoins and then hold it,sell that bitcoin when the price better than now,its safe way t get profit from holding bitcoin.

Nah... Holding for so long is honestly really stupid, you should sell if the price drops more than  20% because otherwise you expose yourself to really big losses and as we can see bitcoin price doesnt look like it will jump to 1k any time soon

I would hold it and keep it invested. You can grow your btc while linking it to a real-world index e.g. the S&P 500.

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I still believe on bitcoin so I hold as long as possible. We can see that the world still adapting into bitcoin as payment transaction so need more time. If the time has come, bitcoin will got increased. For example : there are some hotel or restaurant use bitcoin as payment transaction. This will bitcoin growth !

holding bitcoin a long time is a good way to make money if the bitcoin price rises in long term. So far it worked out if you hold bitcoin for more than any three year period.

I still believe on bitcoin so I hold as long as possible. We can see that the world still adapting into bitcoin as payment transaction so need more time. If the time has come, bitcoin will got increased. For example : there are some hotel or restaurant use bitcoin as payment transaction. This will bitcoin growth !

No that is only good to save some money, if you want to make money and you are holding for a price increase than you can do many things instead of waiting.
You can gamble or the best thing that you can do is trading so you can earn some a little bit money with it and that is good enough.

No that is only good to save some money, if you want to make money and you are holding for a price increase than you can do many things instead of waiting.
You can gamble or the best thing that you can do is trading so you can earn some a little bit money with it and that is good enough.

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?

When time is not your friend, like me, then buying coins for the longer term, let's say 3-5 years is a safe thing to do.
But remember, with every investment you should diversify. So never put all your eggs in 1 basket. Invest some in bitcoin
some money into stocks and most definitely some in a savings account.

Holding Bitcoin is good to save your money with it, but you cant earn money if you are holding your Bitcoins, because you are doing nothing you can do it least trade or gamble.
But some people dont know how to do so they are only waiting for a good price increase and that is also good but they have to wait only and that is bored.

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?