Long term investing could be good for the bitcoin but right now I can not really say anything about it, I never did it and I think the bitcoin is also too unpredictable to tell you if its good.
I think it is good because of the future it has but I'm not sure about it, although the bitcoin is growing daily in users.
Topic: Is Holding Bitcoin a long time good way to make money? - page 150. (Read 368902 times)
I think its a good thing to hold your bitcoins because the bitcoin has a very good future a head with the halving incoming.
A lot of people are saying the bitcoin will rise a lot because of the bitcoin and I believe in this so investing in it is good for a long term also because of the fact there maybe comes another halving in 2020 and it will be than even a lot more popular.
A lot of people are saying the bitcoin will rise a lot because of the bitcoin and I believe in this so investing in it is good for a long term also because of the fact there maybe comes another halving in 2020 and it will be than even a lot more popular.
holding bitcoin a long time can make you good money but based on how much you hold example if you hold 1 bitcoin and the price will raise to 1000$ you will get only 600$ profit but if you hold 10btc you will have 6000$ profit so the more btc you have the more the profit you have.
and the good money you will get.
Holding Bitcoin is good to save your money, and if you are holding you cant make money with it, you have only to sell Bitcoin at a right moment and that is good to make money.and the good money you will get.
And it can takes a really long time to make some money with Bitcoin, because the value can also be going down in value and that will be not good for you.
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?
are you kidding me?holding bitcoin is good way to make money??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-$300 range, isn't having BTC always good?
i dont think so,if you want make money,you should have bitcoin and sell it on highest price for money
i wish people use their bitcoin,for increase bitcoin popularity.
holding bitcoin a long time can make you good money but based on how much you hold example if you hold 1 bitcoin and the price will raise to 1000$ you will get only 600$ profit but if you hold 10btc you will have 6000$ profit so the more btc you have the more the profit you have.
and the good money you will get.
and the good money you will get.
Hi.
Perhaps reflection on past performance is useful here.
I bought bit coin when it was under 1 dollar. I bought 100 coins and mined 7 myself. A pretty modest holding compared to some admittedly , but none the less , had i held onto them i would have been sitting on over 100 thousand dollars at one point and around 50k now.
There were plenty of "naysayers" around then too.
No one predicted that Bitcoin would ever go past 100USD /coin let alone 1000...but it did.
Unfortunately, I lost my coins through a combination of theft via Mt Gox( 2013) , and really really bad /unlucky/dumb trading.
I WISH I'd just tucked them into a wallet and sat pretty !
I found Trading bitcoin hard and unforgiving. Its pretty volatile and particularly unpredictable. I think its even a challenge for some of the most seasoned FOREX guys.
Personally, I believe that the next difficulty increase will start a new run .I suspect some of the large players will be able to approximate when the event will occur and manipulate the market value so that the price falls prior. I anticipate the value will leap to a higher price initially after the event and then settle into a steady increase over the next few years.
I base these contentions on what I've observed over the last 4 years, but at the end of the day its only my opinion and no doubt will attract some debate
All that said, and not withstanding another "engineered" disaster like Mt Gox, I believe that Bitcoin will prove to be a very lucrative long term investment
Perhaps reflection on past performance is useful here.
I bought bit coin when it was under 1 dollar. I bought 100 coins and mined 7 myself. A pretty modest holding compared to some admittedly , but none the less , had i held onto them i would have been sitting on over 100 thousand dollars at one point and around 50k now.
There were plenty of "naysayers" around then too.
No one predicted that Bitcoin would ever go past 100USD /coin let alone 1000...but it did.
Unfortunately, I lost my coins through a combination of theft via Mt Gox( 2013) , and really really bad /unlucky/dumb trading.
I WISH I'd just tucked them into a wallet and sat pretty !
I found Trading bitcoin hard and unforgiving. Its pretty volatile and particularly unpredictable. I think its even a challenge for some of the most seasoned FOREX guys.
Personally, I believe that the next difficulty increase will start a new run .I suspect some of the large players will be able to approximate when the event will occur and manipulate the market value so that the price falls prior. I anticipate the value will leap to a higher price initially after the event and then settle into a steady increase over the next few years.
I base these contentions on what I've observed over the last 4 years, but at the end of the day its only my opinion and no doubt will attract some debate
All that said, and not withstanding another "engineered" disaster like Mt Gox, I believe that Bitcoin will prove to be a very lucrative long term investment
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?
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 to be honest i think that holding them for long time is best way,it is really better than investing in risky site, because here you are sure that price will rise in future
you can predict price that it will rise because halving will happen in july and i am sure that it will make price larger than it is now
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!
Is Holding Bitcoin a long time
good way to make money?
No one can predict the future precisely.It is entirely one's own calculations and understanding of market that should count.If you are holding just because majority says so,then I dont think it would be a wise decision on your part.Hold it if you believe and do not invest too much
It not always good to make money, if you want to save money it is good to hold it for a long time so you cant lose money and that is quite good and also very safe.good way to make money?
No one can predict the future precisely.It is entirely one's own calculations and understanding of market that should count.If you are holding just because majority says so,then I dont think it would be a wise decision on your part.Hold it if you believe and do not invest too much
But it will be better if the value is not that high that you can trade or something to earn some money.
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?
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?
it is slow, but if you talk about saving them now then it is good thing because i am sure that you will get lots of profit from halving, which will happen in July so few months left only
and if you can predict that in future price will fall, then you shouldn't keep them, better invest them somewhere
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?
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 i have to say that it's not the best way because it is slow and sometime unpredictable, you're not sure if after month price will rise so you will have more, or price will fall so you will have less
i think that better way to earn money is to invest them somewhere, like gambling site, risky too but atleast will bring you lots of money
Hold ur bitcoin bro because bitcoin will increase in the future don't sell it . I think this the time to more bitcoin because many people buy bitcoin and hold it to make profit in the future 
All people plan to buy and sell at a higher price. However, only a very few people end up making profits because they have enough patience and experience.
There are a lot newbies that fall for panic dumps created by whales to distract people and make then panic sell
These people will always end up making losses as they sell below the price they bought at, and then buy back at a much higher price. This is only costing them money.....
So it is better to divide your trading between long term (1-5 years) and a short term(1-5 Days)
Short term from my point of view can be anything ranging from 1 day to a few months. 1 to 5 days as you say is too short.
With the current stability you'll need months to get certain profits when the price is barely moving.
If there is a lot volatility then you can make a lot profit in a matter of days. But that's not really the case at the moment.
Is Holding Bitcoin a long time
good way to make money?
No one can predict the future precisely.It is entirely one's own calculations and understanding of market that should count.If you are holding just because majority says so,then I dont think it would be a wise decision on your part.Hold it if you believe and do not invest too much
good way to make money?
No one can predict the future precisely.It is entirely one's own calculations and understanding of market that should count.If you are holding just because majority says so,then I dont think it would be a wise decision on your part.Hold it if you believe and do not invest too much
hero member
Activity: 714
Merit: 500
IF YOU Enjoy Trade with ME ..PUT Feedback Please
Hold ur bitcoin bro because bitcoin will increase in the future don't sell it . I think this the time to more bitcoin because many people buy bitcoin and hold it to make profit in the future
All people plan to buy and sell at a higher price. However, only a very few people end up making profits because they have enough patience and experience.
There are a lot newbies that fall for panic dumps created by whales to distract people and make then panic sell
These people will always end up making losses as they sell below the price they bought at, and then buy back at a much higher price. This is only costing them money.....
So it is better to divide your trading between long term (1-5 years) and a short term(1-5 Days)
Hold ur bitcoin bro because bitcoin will increase in the future don't sell it . I think this the time to more bitcoin because many people buy bitcoin and hold it to make profit in the future
All people plan to buy and sell at a higher price. However, only a very few people end up making profits because they have enough patience and experience.
There are a lot newbies that fall for panic dumps created by whales to distract people and make then panic sell
These people will always end up making losses as they sell below the price they bought at, and then buy back at a much higher price. This is only costing them money.....
If everybody holds bitcoin and do not use it, bitcoin will be useless. So the price will drop to 0. We need to hold some and use most.
i dont think so,bitcoin will always have strong price,and if we hold bitcoin and not use it,it will not make bitcoin useless.i'm pretty sure that not all people hold their bitcoin,always there some people who spent it,just waiting for the time when so many store accept bitcoin to start use ans spent bitcoin.
Hold ur bitcoin bro because bitcoin will increase in the future don't sell it . I think this the time to more bitcoin because many people buy bitcoin and hold it to make profit in the future
nothing is certain with uᴉoɔʇᴉq but the chances of a big profit is high.
if you believe in uᴉoɔʇᴉq and read about it you will find out that it has real potential that can make the price go very high and help getting a lot of profit.
if you believe in uᴉoɔʇᴉq and read about it you will find out that it has real potential that can make the price go very high and help getting a lot of profit.
Expecting adoption by either merchants or even better some companies (Google), it will become more popular. So, yes taking that in effect an increase is logical event to me.
It is already predicted by many people out there that the price will go high after halving, but it can fall again after that in case if it is not adopted by merchants or more places in the world or online, if it gets adopted then it will surely help it grow more in future, and if that happens then it is very much profitable to hold moondollars, but it still has a little risk as we don't exactly know what will happen, if you believe in uᴉoɔʇᴉq then hold them otherwise do whatever you want to do with them.
Even if people predictions are correct, there needs to be a certain level of buy orders to come through the exchange.
If people anticipate it`ll go up just cause theres few left for the block rewards alone, that doesnt really stand for much..
Well just based on the block halving, we can't expect a price increase. Last time halving gave a big jump but this time the reality might change as more things had took place in opposite to predictions.
nothing is certain with uᴉoɔʇᴉq but the chances of a big profit is high.
if you believe in uᴉoɔʇᴉq and read about it you will find out that it has real potential that can make the price go very high and help getting a lot of profit.
if you believe in uᴉoɔʇᴉq and read about it you will find out that it has real potential that can make the price go very high and help getting a lot of profit.
Expecting adoption by either merchants or even better some companies (Google), it will become more popular. So, yes taking that in effect an increase is logical event to me.
It is already predicted by many people out there that the price will go high after halving, but it can fall again after that in case if it is not adopted by merchants or more places in the world or online, if it gets adopted then it will surely help it grow more in future, and if that happens then it is very much profitable to hold moondollars, but it still has a little risk as we don't exactly know what will happen, if you believe in uᴉoɔʇᴉq then hold them otherwise do whatever you want to do with them.
Even if people predictions are correct, there needs to be a certain level of buy orders to come through the exchange.
If people anticipate it`ll go up just cause theres few left for the block rewards alone, that doesnt really stand for much..
nothing is certain with bitcoin but the chances of a big profit is high.
if you believe in bitcoin and read about it you will find out that it has real potential that can make the price go very high and help getting a lot of profit.
if you believe in bitcoin and read about it you will find out that it has real potential that can make the price go very high and help getting a lot of profit.
Expecting adoption by either merchants or even better some companies (Google), it will become more popular. So, yes taking that in effect an increase is logical event to me.
It is already predicted by many people out there that the price will go high after halving, but it can fall again after that in case if it is not adopted by merchants or more places in the world or online, if it gets adopted then it will surely help it grow more in future, and if that happens then it is very much profitable to hold bitcoins, but it still has a little risk as we don't exactly know what will happen, if you believe in bitcoin then hold them otherwise do whatever you want to do with them.
Jump to: