Is Holding Bitcoin a long time good way to make money? - page 160.

bitmarket.net

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Quote from: Tstar on October 29, 2015, 04:03:16 AM

I don't know how many people will be able to hold if reach again >500$
Most of us invested a bit in mining and trading and it is more than normal of getting something back.

I'll hold some because I consider my BTC as a savings fund and if we go up, well, I'll see and decide accordingly.

If I can give a small piece of advice to everyone including me: this is the right time to study what to do with our BTC.
It's good to consider every possible scenario and be prepared for it. If one acts because of emotions that will be the end.

Tsar,

What options do you see for yourself ?

OccidentalCoin

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Quote from: Tstar on October 29, 2015, 04:03:16 AM

I don't know how many people will be able to hold if reach again >500$
Most of us invested a bit in mining and trading and it is more than normal of getting something back.

I'll hold some because I consider my BTC as a savings fund and if we go up, well, I'll see and decide accordingly.

If I can give a small piece of advice to everyone including me: this is the right time to study what to do with our BTC.
It's good to consider every possible scenario and be prepared for it. If one acts because of emotions that will be the end.

I will just keep on mining. Use some of the mined coins and keep the rest for the long term. The price will rise in the future.

michietn94

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The today the answer is yes, I can see bitcoin's value is raising and if I'm selling now, ofcourse I already make a profit.
But as a great bitcoin holder, I try to keep hold it until the profit really hit my appetite Cheesy

Tstar

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I don't know how many people will be able to hold if reach again >500$
Most of us invested a bit in mining and trading and it is more than normal of getting something back.

I'll hold some because I consider my BTC as a savings fund and if we go up, well, I'll see and decide accordingly.

If I can give a small piece of advice to everyone including me: this is the right time to study what to do with our BTC.
It's good to consider every possible scenario and be prepared for it. If one acts because of emotions that will be the end.

klf

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Quote from: OccidentalCoin on October 28, 2015, 03:10:22 AM

The bitcoin goes up and down in short term. It is unpredictable. It will go up in long term (more than 5 years).

I think 5 years is quite long time to hold this kind very high volatile product because you see people who has brought bitcoins at 1000 +, don't know still how long they need to wait to reach that price so it is better to watch out your coin prices now and then and if you're already in some lose then it is better sell of and wait for the next good entry instead just buy and wait.

OccidentalCoin

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The bitcoin goes up and down in short term. It is unpredictable. It will go up in long term (more than 5 years).

sakira

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yes because in the end bitcoin prices will always go up, although there was a decline, but prices stabilized and bitcoin will be back riding, do not have to hold back too long, if you really had enough profit, I recommend immediately sell

Decoded

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Yes, bitcoin is mostly a currency that was designed to go up.

But if there's a sudden spike (That goes up, not down), stop hodling.

OccidentalCoin

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Quote from: jt byte on October 27, 2015, 12:11:49 PM

I think that OP understood if it worth or not.
If somebody invested in bitcoins few weeks before when the price was much lower than now.
Then he probably will earn extra money now if he decided to sell, so i think holding is a good way to make money.

Holding bitcoin for more than 3 years will make you money according to short history of bitcoin. There were two price spikes in 2013, we may have only one this year.

jt byte

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I think that OP understood if it worth or not.
If somebody invested in bitcoins few weeks before when the price was much lower than now.
Then he probably will earn extra money now if he decided to sell, so i think holding is a good way to make money.

box27

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Bitcoin rewards early adopters with cheap coins. I consider you an early adopter when the price per microBTC is < 1 USD.
I'm an idiot for selling my coins, you should almost never sell your coins. Also it's not really a stock, i don't treat other currencies as stock, and i have never in my life experienced such a gain as i've had with bitcoin, the value has gone up 6666,6 %.
For some reason, Bitcoin seems to be sort of stable for a period of time and then tends to go hyperbolic for some reason, i think this will happen again in the near future until it breaks through or slowly goes stable again. The network might even fail for a while because of its popularity. It's slowly sinking in what this specific crypto has to offer.

Supercrypt

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Quote from: Hellacopter on October 27, 2015, 10:03:05 AM

Quote from: richardsNY on October 21, 2015, 05:41:51 PM

Holding is one of the better ways of investing in Bitcoin as the value grows overtime with relatively low risk.

It's depending on the price's predictions and then there is always a small risk to lose. But i think nowadays holding Bitcoins is good and profitable idea, because the price is increasing and we expect it's going up after the next halving

Yes.Even in low prces, I am holding my Bitcoins without selling. I bought it when it value drop and I am going to be selling out when the value increases. This is an usual situations every bitcoiners here are doing the same. Even it has risk, I believe in long run profits from bitcoin.

Hellacopter

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Quote from: richardsNY on October 21, 2015, 05:41:51 PM

Holding is one of the better ways of investing in Bitcoin as the value grows overtime with relatively low risk.

It's depending on the price's predictions and then there is always a small risk to lose. But i think nowadays holding Bitcoins is good and profitable idea, because the price is increasing and we expect it's going up after the next halving

Supercrypt

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Quote from: bitgolden on October 21, 2015, 11:24:07 AM

Quote from: RyanLZ on October 19, 2015, 03:55:57 AM

Quote from: Amph on October 19, 2015, 01:32:02 AM

Quote from: RyanLZ on October 18, 2015, 01:34:30 PM

Holding bitcoin is making profits based on fiats.

you believe that if fiat were to collapse, bitcoin will follow, because is tied to it? it may be true, but i'm actually believe the opposite will happen if such scenario will ever be true

No. the value of bitcoin will increase when the fiat devalue over time.

This the point for people holding bitcoin for long term to over come the inflation brought by fiats over time. When demand increase, value of bitcoin raises due to fixed supply cap whereas fiats are newly printed to meet people's need which makes devalue of fiats over time.

Its awesome to witness, yet to some degree I trust this has brought on the cost to wind up more steady. A few individuals rather have a stable Bitcoin cost, yet in the event that you are searching for that pipe long for transforming your venture into wealth I thoroughly consider those days are for good with Bitcoin.

NSA360

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Quote from: Amph on June 30, 2015, 01:51:26 PM

you're indeed right, bitcoin feel much less risky now than when it was at 600-1200, and not only because the price is lower, but especially because we are in this range for a very long time, this is what you should look about

the more we stay in this range the more this floor will be consolidated, and the more hard will be to decline under it

a slowly rise like this could permit to build solid floors while we rise, instead when you have a tremendous pump like that of 1200, you should ALWAYS foresee a crash with an equal power

That is exactly what I think too, but it seems a lot of people don’t understand that

roadbits

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Quote from: richardsNY on October 21, 2015, 05:41:51 PM

Holding is one of the better ways of investing in Bitcoin as the value grows overtime with relatively low risk.

It is a good suggestion to people who don't have an idea of how to grow their coins with some other ways. Otherwise just holding now a days not giving much profits because prices are not moving like last time. Only last week prices just crossed the big resistance of 250 level. I suggest to find some good ways grow you coins instead of just holding it to grow.

Amph

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Quote from: richardsNY on October 21, 2015, 05:41:51 PM

Holding is one of the better ways of investing in Bitcoin as the value grows overtime with relatively low risk.

well it's not really growing anymore, the holding strategy was more storng in the past, were bitcoin had no other way but goin g up, because it was starting from zero

the more we try to think that this thing can go up for whatever reasons, the more chances that it will not go up for the opposite reasons

richardsNY

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Holding is one of the better ways of investing in Bitcoin as the value grows overtime with relatively low risk.

CasioK

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Quote from: bitgolden on October 21, 2015, 11:24:07 AM

Quote from: RyanLZ on October 19, 2015, 03:55:57 AM

Quote from: Amph on October 19, 2015, 01:32:02 AM

Quote from: RyanLZ on October 18, 2015, 01:34:30 PM

Holding bitcoin is making profits based on fiats.

you believe that if fiat were to collapse, bitcoin will follow, because is tied to it? it may be true, but i'm actually believe the opposite will happen if such scenario will ever be true

No. the value of bitcoin will increase when the fiat devalue over time.

This the point for people holding bitcoin for long term to over come the inflation brought by fiats over time. When demand increase, value of bitcoin raises due to fixed supply cap whereas fiats are newly printed to meet people's need which makes devalue of fiats over time.

That's the reason why not simply invest in Bitcoin in some cold wallet and seek after the best. I honestly think you will be exceptionally baffled however. More regulations, new companies, and overall learning about bitcoin has become fundamentally.

bitgolden

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Quote from: RyanLZ on October 19, 2015, 03:55:57 AM

Quote from: Amph on October 19, 2015, 01:32:02 AM

Quote from: RyanLZ on October 18, 2015, 01:34:30 PM

Holding bitcoin is making profits based on fiats.

you believe that if fiat were to collapse, bitcoin will follow, because is tied to it? it may be true, but i'm actually believe the opposite will happen if such scenario will ever be true

No. the value of bitcoin will increase when the fiat devalue over time.

This the point for people holding bitcoin for long term to over come the inflation brought by fiats over time. When demand increase, value of bitcoin raises due to fixed supply cap whereas fiats are newly printed to meet people's need which makes devalue of fiats over time.

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