I'm confused with this. My thoughts were when bitcoin kept dropping so much that it was at one point under $200 for a bit, get bitcoin because i can't imagine bitcoin getting lower than that. My thoughts are if btc keeps rising like it has been, i feel like it will eventually go down. Thus buying high isn't ever a good idea. I recalled it went up to 480 then just dropped to 360 within 24 hours.
Another question i want to ask. To those ppl who trade bitcoin by buying low and selling high... how does one do this? Do we need an account at an exchange? Obviously using coinbase and circle wouldn't work right?
What exchange does one need if they want to buy and sell bitcoin instantly? Most importantly, how much are the fees per each transaction?
How does one fund that account? Through a bank wire or bank transfer ACH to the exchange? So if one buys say 10 BTC at $350 each it cost $3500 plus how much in fees? Then let say it goes up to $380. Then you want to sell all 10 btc at $380 so $3800 total. How much fees does one need to pay for that? Thus you would profit $300 here but are the fees a lot? Is the exchange like 1% each way so $35 to buy $3500 worth of btc and $38 to sell $3800 worth of btc so $73 in fees and thus $300-$73 so $223 profit?
Topic: Is Holding Bitcoin a long time good way to make money? - page 158. (Read 368902 times)
Holding Bitcoin can be both a good way and a bad way of making money. If you are going to hold Bitcoins, you are expecting the Bitcoin price to rise over the money you bought at. This would prove to be a bad investment if you bought at the peak if it doesn't recover in the future.
that's why you should only buy when the price is getting dumped to the ground. for some reason people are a bit of affraid to do that. they buy once they see the price go up.
Yes. When price rises, people have euphoria, and will buy quickly. When the price drop too much, people will feel depressed, so they will not buy. It is very difficult to do the opposite.
bitcoin is proving itself right now, that it can have a +50% return in a week, far better than any investment
if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
Current bitcoin price is probably the end of present bubble. If you buy bitcoin right now you will probably lose as there are some signs of price reverse.if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
For example: Bitcoin is now banned in Taiwan. Markets will react fast.
Yes? I would like to know what those signs are, im looking forward to your answer in this post. People should stop trying to look like proffesionals on bitcoin investments because the reality is that no one knows shit, lets be honest here, predicting bitcoin is just like gambling.
That doesn't stop up from wondering, creating scenarios and expecting certain outcomes.
Price prediction is like gambling, but we have slightly more data to back up our expectations.
Well with that said it is possible to predict the price more accurately when something that affects bitcoins happen, thats why, if you want to be a good trader/investor, you should always check the news about bitcoin in different places because you never know when something incredibly big happens and you could be the first one to see it, meaning that you can profit a lot from it.
Holding Bitcoin can be both a good way and a bad way of making money. If you are going to hold Bitcoins, you are expecting the Bitcoin price to rise over the money you bought at. This would prove to be a bad investment if you bought at the peak if it doesn't recover in the future.
that's why you should only buy when the price is getting dumped to the ground. for some reason people are a bit of affraid to do that. they buy once they see the price go up.
bitcoin is proving itself right now, that it can have a +50% return in a week, far better than any investment
if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
Current bitcoin price is probably the end of present bubble. If you buy bitcoin right now you will probably lose as there are some signs of price reverse.if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
For example: Bitcoin is now banned in Taiwan. Markets will react fast.
Yes? I would like to know what those signs are, im looking forward to your answer in this post. People should stop trying to look like proffesionals on bitcoin investments because the reality is that no one knows shit, lets be honest here, predicting bitcoin is just like gambling.
That doesn't stop up from wondering, creating scenarios and expecting certain outcomes.
Price prediction is like gambling, but we have slightly more data to back up our expectations.
okay since i'm the original poster of this post, i have question to ask here.
I didn't know that much about bitcoin but at the time when it went down to a bit below $200, i had thought... no way it will get lower than that. It then moved back over $200 and then was around the $220-$240 for a long period of time. Then moved up a bit and then of course hit that huge surge recently where i saw it went up to $300, then $350 then right now its all the way up to $490.
So in essence if you feel at the time hey bitcoin even at $240 is pretty low... if you buy a ton of bitcoin... then wait for it to go up like the huge spike now... then decide to sell a lot of btc... then assuming it drops down pretty hard say back to $250... then you buy a lot of btc again then if it goes back to $450.... then you rinse and repeat if you will... isn't a person going to make a lot of money assuming they have a lot of money to buy a lot of btc?
I didn't know that much about bitcoin but at the time when it went down to a bit below $200, i had thought... no way it will get lower than that. It then moved back over $200 and then was around the $220-$240 for a long period of time. Then moved up a bit and then of course hit that huge surge recently where i saw it went up to $300, then $350 then right now its all the way up to $490.
So in essence if you feel at the time hey bitcoin even at $240 is pretty low... if you buy a ton of bitcoin... then wait for it to go up like the huge spike now... then decide to sell a lot of btc... then assuming it drops down pretty hard say back to $250... then you buy a lot of btc again then if it goes back to $450.... then you rinse and repeat if you will... isn't a person going to make a lot of money assuming they have a lot of money to buy a lot of btc?
Holding Bitcoin can be both a good way and a bad way of making money. If you are going to hold Bitcoins, you are expecting the Bitcoin price to rise over the money you bought at. This would prove to be a bad investment if you bought at the peak if it doesn't recover in the future.
I mine bitcoins. It works like I buy bitcoin, but a little below market price. When the price rise, the difficult will also rise. It means I will get fewer bitcoin.
I want stable bitcoin price.
I want stable bitcoin price.
bitcoin is proving itself right now, that it can have a +50% return in a week, far better than any investment
if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
Current bitcoin price is probably the end of present bubble. If you buy bitcoin right now you will probably lose as there are some signs of price reverse.if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
For example: Bitcoin is now banned in Taiwan. Markets will react fast.
Yes? I would like to know what those signs are, im looking forward to your answer in this post. People should stop trying to look like proffesionals on bitcoin investments because the reality is that no one knows shit, lets be honest here, predicting bitcoin is just like gambling.
bitcoin is proving itself right now, that it can have a +50% return in a week, far better than any investment
if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
Current bitcoin price is probably the end of present bubble. If you buy bitcoin right now you will probably lose as there are some signs of price reverse.if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
For example: Bitcoin is now banned in Taiwan. Markets will react fast.
taiwan is very small i'm not expecting anything from that news, and it is even bigger now the value, we are at 430, i think we aim at 500 for now, no sign of dumping
The price sure continue to only go up, a pull back is going to happen any moment (ive been expecting that for the past few days since the bull)
https://www.coingecko.com/en/price_charts/bitcoin/usd
When one is in a bear, you find it hard to convince others
When it is a bull, you find it scary to get onboard
Hungry when others are fearful
https://www.coingecko.com/en/price_charts/bitcoin/usd
When one is in a bear, you find it hard to convince others
When it is a bull, you find it scary to get onboard
Hungry when others are fearful
This is the moment where holding bitcoin effort makes you PROFIT 
Just like holding gold, bitcoin become a great investment nowdays and this will make bitcoin become popular
Just like holding gold, bitcoin become a great investment nowdays and this will make bitcoin become popular
to those who held their Bitcoins long enough to wait for this moment, this is their day to reap rewards, how I wish I have a lot of coins stacked somewhere so I'll join the celebration just like others who earned huge profits for holding BTC's.
bitcoin is proving itself right now, that it can have a +50% return in a week, far better than any investment
if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
And those gains are well deserved by the people who waited countless months for them. I'm shit at trading so would never attempt it and I'm hopeless at timing the market so I'll sit and be content as things progress but the concept of holding has definitely taken a battering over the last couple of years. Time will tell whether it can reinstated as a dependable strategy.
bitcoin is proving itself right now, that it can have a +50% return in a week, far better than any investment
if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
Current bitcoin price is probably the end of present bubble. If you buy bitcoin right now you will probably lose as there are some signs of price reverse.if anyone believe that bitcoin is done, he is utterly wrong, we are only at the beginning, 1200 ath will look like a small success in the future
For example: Bitcoin is now banned in Taiwan. Markets will react fast.
Bitcoin is one of the cryptocurrency that has had talks from time to time all over the world. At first, people were skeptical dealing with bitcoins since they were not firs sure whether it was one of the accepted currency or not and even it was not that popular. However, with time, the currency has gained popularity than it was even expected. Most of countries have accepted it a another form of currency.
The drop in price is just the fact that everyone has seen the business growing rapidly. However, since most countries are accepting Bitcoins as currency, its value will rise and it will be economically profitable if you have a number. Also take this opportunity to buy them at a cost which is cheaper than it will after 5 years. It is worth holding the bitcoin indeed.
The drop in price is just the fact that everyone has seen the business growing rapidly. However, since most countries are accepting Bitcoins as currency, its value will rise and it will be economically profitable if you have a number. Also take this opportunity to buy them at a cost which is cheaper than it will after 5 years. It is worth holding the bitcoin indeed.
How can you be so sure that bitcoin will cost more in the future? What if a new technology appears and overrules bitcoin and all the altcoins? You never know, 5 years is a lot of time, i don't see any benefits of just holding bitcoins for that long.
Bitcoin is revolutionary. It will also evolve in the future. It will improve itself and absolve the good points of new technologies.
Then again you dont know that, what do you mean by ''evolving'' I dont see how bitcoins could use new technologies if those are totally different of how bitcoin works, as i said in 5 years a lot can happen, you seem overconfident without any real solid argument.
If you still understood that fact then it's time now.
You can see how much has bitcoin price increased and it worth holding.
Another part is if the price start crashing then that's not a good investment.
You can see how much has bitcoin price increased and it worth holding.
Another part is if the price start crashing then that's not a good investment.
It surely is worth to hold your coins. Look at when people were complaining about the price that was not moving when it was around $240. People had plenty of time to buy coins. Those who haven't done so, and still haven't bought below $300 are probably angry right now.
Look at the price today and you will be surprised.
So i was today and was thinking wtf? the chinese people are smart.
I think that they will not stop pumping the price for a long time.
Yes, why not. You can expect to make good money, if you buy at low price, then check BTC market regularly and then sale at high 
Bitcoin is one of the cryptocurrency that has had talks from time to time all over the world. At first, people were skeptical dealing with bitcoins since they were not firs sure whether it was one of the accepted currency or not and even it was not that popular. However, with time, the currency has gained popularity than it was even expected. Most of countries have accepted it a another form of currency.
The drop in price is just the fact that everyone has seen the business growing rapidly. However, since most countries are accepting Bitcoins as currency, its value will rise and it will be economically profitable if you have a number. Also take this opportunity to buy them at a cost which is cheaper than it will after 5 years. It is worth holding the bitcoin indeed.
The drop in price is just the fact that everyone has seen the business growing rapidly. However, since most countries are accepting Bitcoins as currency, its value will rise and it will be economically profitable if you have a number. Also take this opportunity to buy them at a cost which is cheaper than it will after 5 years. It is worth holding the bitcoin indeed.
How can you be so sure that bitcoin will cost more in the future? What if a new technology appears and overrules bitcoin and all the altcoins? You never know, 5 years is a lot of time, i don't see any benefits of just holding bitcoins for that long.
Bitcoin is revolutionary. It will also evolve in the future. It will improve itself and absolve the good points of new technologies.
Bitcoin is one of the cryptocurrency that has had talks from time to time all over the world. At first, people were skeptical dealing with bitcoins since they were not firs sure whether it was one of the accepted currency or not and even it was not that popular. However, with time, the currency has gained popularity than it was even expected. Most of countries have accepted it a another form of currency.
The drop in price is just the fact that everyone has seen the business growing rapidly. However, since most countries are accepting Bitcoins as currency, its value will rise and it will be economically profitable if you have a number. Also take this opportunity to buy them at a cost which is cheaper than it will after 5 years. It is worth holding the bitcoin indeed.
The drop in price is just the fact that everyone has seen the business growing rapidly. However, since most countries are accepting Bitcoins as currency, its value will rise and it will be economically profitable if you have a number. Also take this opportunity to buy them at a cost which is cheaper than it will after 5 years. It is worth holding the bitcoin indeed.
How can you be so sure that bitcoin will cost more in the future? What if a new technology appears and overrules bitcoin and all the altcoins? You never know, 5 years is a lot of time, i don't see any benefits of just holding bitcoins for that long.
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