Topic: Is Holding Bitcoin a long time good way to make money? - page 155. (Read 368902 times)

Yes, a simple and real time example. Still many people are convinced to hold for long term to get some big profits out of bitcoin.
Many of my friends are waiting to sell around $1000 as they have bought it in the down market price of $800+, I believe no one can stop them from regretting later on.

Yes it is! If you've bought your Bitcoin when they were around $200 to $225 (about two months ago) you would have doubled your investment by now! What more do you need to prove that  is is a good investment?

No matter what kind of investment you're looking at, the easiest and best investment is simply holding Bitcoin. Many people find holding very boring, that's why they are searching for investments with a high return. Companies and services that are legit, won't promise you high returns. Common sense is what a lot people here need.

Currently i earned more with holding then with my mining operations (both cloud mining and my asics). So yes it is safer and more profitable. Remember with most investments with third parties you are risking all. Or in some case got scammed. Also there's no hassle, to check the price every day. With investments, mining and cloud mining you have to monitor prices or miners.

Very easy...

I agree and do the same thing as well. I find it easier to make profits of off bitcoin rather than putting it on a savings account and get a really low rate interest.
That's why I'm so into bitcoin too.

If you're going to hold for a long time then yes. While you are holding I would advise to also keep an eye out on the markets so you would know when to sell or exchange, if those are your future plans.
For now I'm just holding, I gamble every now and then for fun but at the same time I see bitcoin as a savings account, so that's what I'm doing.

What other coins do you recommend to buy when you sell your bitcoins to realize the profit of the price increase? I'm searching for a kind of coin that is also as reliable as bitcoin. I just need a coin that I can buy when selling bitcoin and sell it again when bitcoin price drops.

Holding bitcoin "really" a good way to make money but its much better to hold it occasionally. What I mean is make profit than waiting long time to boost its price. In this way, you can acquired more coins while at the same time gaining profit without waiting too much in time.

Well if you bought some coins on the time you posted this and sold it a month ago, you'll definitely gain a good and decent profit for holding it. So I can say holding btc for a long time will be a good way to make some money. Personally I am holding some coins I earned months ago and wait for the right to sell it then get a nice profit. Anyways just keep in your mind that there are still risks involved, you should be aware of that.

If there is long term price rise of bitcoin, then it is a good idea to hold bitcoin. If everybody holds bitcoin and does not use bitcoin, there is no use of bitcoin. The price will drop.

Theoretically, it is and it isn't!
It is an investment, as long as the demand increases and there are no substancial flaws. It is a good thing.
However, if there is a low demand or there is large flaws that are found, it is a terrable investment!

6 months later we are trying to buy bitcoins in the $300-$400 range. So yeah, I would say its a pretty good investment

Personally I bought and I am holding. There is much speculation which way it will go. But I see it being adopted by companies slowly, businesses are fast, consumers are still slow. There is so much doubt to people unfamiliar with bitcoin. It often takes them getting in there and getting there hands dirty and touching some coins before they really even understand that its real money and technology and not just a scam.

Having bitcoins is an investment itself already, whether you're holding or not.

I do believe that holding for a long term investment is great, holding for at least a year.

Hello

Holding coins as a long term investment strategy can be a good method of making money.

The Bitcoin price can be quite volatile so i would say hold it for the medium term, say 6 months. You should monitor you investment and when they have reached a certain level you shop sell part of your investment. But do not forget to minimize your risk.

Cheers

If you're looking to make profits out of your bitcoins, I believe that holding is a good way to start.

I would check back every now and then to see if the value has increased and sell at the right time.

Holding bitcoin in a long term is a must imho, to anticipating unexpected bitcoin price just place small amount bitcoin in your long term plan, like 1-2 bitcoin.
And the rest if you have over 10bitcoin dont put all in long term plan, spread it to another business related to bitcoin like trading etc. So your coin will growing.

While you may get lucky holding your coins is not a reliable way to make a decent profit as the price of a bitcoin changes constantly. It is like our realives estate market  .

It is going to depend on a numbers of factors what you should do.  Basically it is almost exactly like the stock market.  While a stock like wal-mart is going to slowly rise over time you would still need more than a few to make your future secure.  The same is true of Bitcoin.  Having one Bitcoin right now is great and will be worth more in the future it is not going to make you retire early.  Even if you bought a single Bitcoin at $1 and then were able to sell at $5000(hell of a price), you still only made $5000.  What most of us did from the beginning was find ways to get Bitcoins for free and held them.  This is where the risk factor comes in(kinda).  You can pick the best of the new coins out there and mine them til you have a couple thousand, them keep them banked and hope for the best.  If you did that with Litecoin, you may be sitting on a couple thousand dollars right now.  Buy low and sell high only really works with quanity or with repetition.  With that repetition comes more risk.  You gamble enough times and you will give it all.  That is why we use the hedge fund scenario.  A fund with a bulk of Bitcoin, a smaller bulk of Doge and Lite and a smattering of newer coins that might go somewhere. 

If you have the Bitcoins to spend, then do something with them.  With work and determination you can do anything.  You can start the next Facebook, Microsoft or the first Bitcoin accepting Wal-mart.  Try what you know will work and work it until it dies.  We currently have 60 sites running with various ventures and about 17 of them make consistent money.  That includes apps, business sites and regular sites.  Write down five good ideas and put them into action one at a time.  Once they are all running, promote them, work them and do the right thing by your clients.  If you do these things, you will find something that works and you can secure your future that way. Bitcoin is a means to an end, not the end of means.

It's fine if you hold your BTC (or gold, or anything that has a value) to wait for the price to go up high. And what if BTC price will reach 1k? You will have the same amount of bitcoin only the price (denominated in fiat) will be higher. You can realize profit only if you sell your BTC. If you sell them, you sell them because you expect fall in the price in the future when you can buy them back on lower price. If you buy them back, you will have your original amount of bitcoin and a bit of profit in fiat. But:
What happens if you sell your BTC at 1k and it will raise to 1.5k? It will be a lose for you if you have to buy yourself bitcoins on higher price after selling.