Topic: Is Holding Bitcoin a long time good way to make money? - page 148. (Read 368902 times)

Yeah, it is good to hold your coins and sell them when you see a reasonable price, but if someone becomes greedy and hold them for too long for waiting for more profit then it can reduce the profit you could get from the previous price, because the price is not stable, it can rise or fall down any time so we can't really know if when it will go high and when it will come down.

If you buy bitcoin at low price and sell it at high price, then it's good move to hold it.
When you think you already make good profit, sell it. Or you'll regret you are not sell it at good price.

If you buy bitcoin at low price and sell it at high price, then it's good move to hold it.
When you think you already make good profit, sell it. Or you'll regret you are not sell it at good price.

I think it is good to hold some bitcoins for the future because the bitcoin is gonna get a lot bigger in the future.
Long term investments are good although the bitcoin is of course unpredictable so no one knows it.

Yeah bitcoin has a good future as well it will get used as a currency of the future. But holding for long term is profitable but not sure about the very long term holding.

Yes it is good to hold your bitcoin for a long term because the bitcoin has a really good future if you ask me compared with other currency's.
The bitcoin is the future of all currency''s so investing for a long term is very profitable and good for sure.

Well, holding it that long could give you a good money but that was too long I think...I prefer selling it when the price bubbles and just bought again when the price dips...I believe that when you keep it for too long might not be good, what if it was on timing that you need the profit from your coins and the price was in dip because of volatility...

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?

Well, holding it that long could give you a good money but that was too long I think...I prefer selling it when the price bubbles and just bought again when the price dips...I believe that when you keep it for too long might not be good, what if it was on timing that you need the profit from your coins and the price was in dip because of volatility...

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?