Is Holding Bitcoin a long time good way to make money? - page 149.

Mr. Big

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Quote from: BitcoinSupremo on April 09, 2016, 03:01:03 AM

Holding is totally the perfect strategy if you are willing to hold them for at least 5 years, many optimistic persons like me thinks the price will skyrocket in 5-10 years, lets hope our prediction is true as a lot of persons would be very happy then.

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...

BitcoinSupremo

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Holding is totally the perfect strategy if you are willing to hold them for at least 5 years, many optimistic persons like me thinks the price will skyrocket in 5-10 years, lets hope our prediction is true as a lot of persons would be very happy then.

CryingMidget

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Quote from: Hallmader on April 08, 2016, 11:51:14 AM

The first time I bought bitcoin is early 2013. The price was around $70. I hold the coin since then.

All depends if you believe BTC is going to go up or not, same with stocks. If you believe in the stock, buy and hold. if not, sell and move on to another.

Hallmader

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The first time I bought bitcoin is early 2013. The price was around $70. I hold the coin since then.

AsaroUk

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Quote from: avw1982 on April 07, 2016, 02:59:46 PM

Quote from: vurasasog on April 07, 2016, 08:08:47 AM

So far, the holding strategy works well if you can hold the bitcoins for more than 4 years. The 2013 price of $1200 is an outlier.

Holding BTC a long time to make money is not good idea, better try to buy some altcoins at low price and then sell them at higher price, and change back to BTC.
After that hold the bitcoins and do Bitcoin savings.

Yes you are right, if you are holding your coins for a long time you can never make some money and that is not good you have to do at least some trading so you can get profit with it and that can be nice.
But the best thing that you can do with Bitcoin to make money is waiting for a good value so you can sell it with profit.

znickelbackz

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Quote from: Scream on April 07, 2016, 09:31:13 PM

for me holding bitcoin for long time is good way for make money but trade your bitcoin is good way to doubling your money in short time.

why you must waiting long time to get profit if you can get profit in 1month with altcoin trade..?

with first way you just sit there doing nothing and still get profit, spend your full time on your busy life (if you have a real life).
trading require work, research, knowledge,... to get profit.

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Quote from: avw1982 on April 07, 2016, 02:59:46 PM

Quote from: vurasasog on April 07, 2016, 08:08:47 AM

So far, the holding strategy works well if you can hold the bitcoins for more than 4 years. The 2013 price of $1200 is an outlier.

Holding BTC a long time to make money is not good idea, better try to buy some altcoins at low price and then sell them at higher price, and change back to BTC.
After that hold the bitcoins and do Bitcoin savings.

Holding for such a very long term is not a right decision. We don't know what happens exactly, so if price doesn't go higher or gets lowered it becomes failure for our holding.

Scream

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U will never know the true answer, before you try

for me holding bitcoin for long time is good way for make money but trade your bitcoin is good way to doubling your money in short time.

why you must waiting long time to get profit if you can get profit in 1month with altcoin trade..?

BitsandBites

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Yes I think its a good to long term invest if you have to money to do this and its not a problem to have patience.
I as a example could never do a long term invested, I do not have the patience for it, For a long time it can bring you big amounts of dollars for sure.

owlcatz

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Quote from: avw1982 on April 07, 2016, 02:59:46 PM

Quote from: vurasasog on April 07, 2016, 08:08:47 AM

So far, the holding strategy works well if you can hold the bitcoins for more than 4 years. The 2013 price of $1200 is an outlier.

Holding BTC a long time to make money is not good idea, better try to buy some altcoins at low price and then sell them at higher price, and change back to BTC.
After that hold the bitcoins and do Bitcoin savings.

But... I bought a few bitcoins last summer around 200-220, so I'm not complaining. As for alts, yes that is good advice, but you must be patient sometimes!

avw1982

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Quote from: vurasasog on April 07, 2016, 08:08:47 AM

So far, the holding strategy works well if you can hold the bitcoins for more than 4 years. The 2013 price of $1200 is an outlier.

Holding BTC a long time to make money is not good idea, better try to buy some altcoins at low price and then sell them at higher price, and change back to BTC.
After that hold the bitcoins and do Bitcoin savings.

vurasasog

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So far, the holding strategy works well if you can hold the bitcoins for more than 4 years. The 2013 price of $1200 is an outlier.

Aggressor66

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Timing is everything, according to many, to make profit from Bitcoin. Speculators need to know when to invest and when to sell the volatile asset to earn profit. Moreover, the performance of the investment instrument should also be constantly monitored to ensure that risks are minimized and profits are maximized when investing in Bitcoin.

choppork

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Quote

Is Holding Bitcoin a long time good way to make money?

No.

Simply holding your bitcoin funds wouldn't make you earn money. To earn bitcoin buy using the manner of time, learn when to buy and when to sell. You have to sell it at the right time. I suggest that you wait for bitcoin's price to decrease and then buy bitcoin. Check the bitcoin's price daily, if you think it's high enough, then sell it. And then wait again for bitcoin's price to decrease then buy it. Just repeat the steps.

West man

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Sure, it can be. Think of holding bitcoin as you would any stock or bond. It will mature over time. But then on the other hand, if the price drops, as with any stock on the stock exchange, you will lose some of your investment. So my advice is to hold until the price increases to an amount you are comfortable with then sell.

RobFre

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I think the spreading of Bitcoin will inevitabily conduce to an higher price. If more people use Bitcoin the price needs to go up to statisfy everyone needs...

rizkyhiw

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Quote from: Laosai on April 04, 2016, 10:03:11 AM

It's not a way to make money. It's just a risk you take betting on the price of btc. It's absolutely nothing more than a gamble!

i'm agree with you laosai,people should know that hold bitcoin not good way to make money,its have big risk if you just hold your bitcoin. just trade it and make profit with good way.

ultimatesky

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SkyFall

Yes I think its good to invest in the bitcoin for a long term although for a short term is also good of course.
I think its just what you want, it can both be profitable, maybe with a long term you will make more profit but I do not know if I can say that honestly.

martinacar

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Yes I think its pretty nice to hold your bitcoins for a long term and make money because of that and the fact is that a lot of people are already doing this for a long time.
Right now it can be even be better because of the profit you can make will be very good at the end of the bitcoin journey because of the future the bitcoin itself has.

romero121

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Really long term holding is profitable, but now at present there is not much of fluctuations. So I believe this time holding doesn't give good profit. Only halving is expected to give a jump in price.

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