you would think it would be. However if the price never does go up again there will be no gain. And what if it actually goes even lower. People will buy in maybe to never make a profit. If that is what you are looking for.
I have to say this would depend on your reason and who you ask.
Topic: Is Holding Bitcoin a long time good way to make money? - page 163. (Read 368902 times)
This is just my opinion.
If you have a bit of cash YOU DO NOT NEED for anything putting it into BTC has a good chance for the long term. it's in the Early Adopter phase now, but if it gets to the next stage then zoom, Yes it will go up big time.
If I apply what I have learned during my studies in marketing lessons to Bitcoin, I can pretty much tell you that we're way beyond the early adopters phase, already. Early adopters was the pizza for 10k BTC, for example (ok, those might have been the innovators, though).If you have a bit of cash YOU DO NOT NEED for anything putting it into BTC has a good chance for the long term. it's in the Early Adopter phase now, but if it gets to the next stage then zoom, Yes it will go up big time.
We're somewhere between early and late majority, now.
It's depend on your bitcoin. If you only hold 1 or 2 bitcoin for a long time, it's not worth even bitcoin go to $1000 because you just spend your time. If you hold much bitcoin, it's maybe a good choice to make money depend on market.
I don't think so. Bank's will come with their own Bitcoin replacement with a much larger acceptance. They have learned a lot by spending not much will copy and do it better, sooner or later Bitcoin will become history. Do business now and profit from the up and downs just get ride of before it become worthless.
I think yes/or..based on the situation that I took everyday, it is what decision I made..
Got other questions on this. Were there a lot of people that bought bitcoin when the price was around 1000? Or did most know well its eventually going to go down so buying it at 1k per bitcoin is not worth it? Also what happened when they saw it went up to 1100? Did they say okay now i will buy it since i didn't bought it at 1000? But once its 1200... were there ppl that said its only going to go up?
I had considered buying bitcoin when it was around 600. However the only purpose was to use it to move gambling funds around and thats all and i did not want any fluctuation risk etc. That was when i didnt know much about bitcoin but knew it was good way to get funds to sportsbook online.
So basically anyone that bought bitcoin when it was at least $1000... would all of you say they will never recoup their losses from then? Are there anyone that still kept their bitcoin bought from when it was 1k plus... till right now?
Well it has dipped below 200 a few times but then went back up. However... would you say 200 is the perfect price for a bitcoin where its hard to lose because its really hard for it to stay below 200?
Also is bitcoin being stable pretty bad for people that are trading it ?
I had considered buying bitcoin when it was around 600. However the only purpose was to use it to move gambling funds around and thats all and i did not want any fluctuation risk etc. That was when i didnt know much about bitcoin but knew it was good way to get funds to sportsbook online.
So basically anyone that bought bitcoin when it was at least $1000... would all of you say they will never recoup their losses from then? Are there anyone that still kept their bitcoin bought from when it was 1k plus... till right now?
Well it has dipped below 200 a few times but then went back up. However... would you say 200 is the perfect price for a bitcoin where its hard to lose because its really hard for it to stay below 200?
Also is bitcoin being stable pretty bad for people that are trading it ?
Bitcoin price going up and down. but i think that not make bitcoin will have a good price on future, bitcoin stil have the boss for control the price.
honestly at this point in time probably not
it really won't ever hit the 1200 mark and won't ever dip below 200
buy low sell high so i guess you could profit like 10$ per coin and if you have 50 coins thats 500$ or 180k a year
but to get 50 coins you need 11 grand.
it really won't ever hit the 1200 mark and won't ever dip below 200
buy low sell high so i guess you could profit like 10$ per coin and if you have 50 coins thats 500$ or 180k a year
but to get 50 coins you need 11 grand.
Holding Bitcoin for a long time could be a very good investment but i can also be a shoot in the dark. No one knows if 10 years from now Bitcoin will still be around. So do your own research and figure it out!
Well thats a really long time and you can always check each day to keep track of the price and if you see its going down too fast or too much you can always sell, i wouldnt hold anything if its price goes down like 20-30% specially if it happens slowly
Holding Bitcoin for a long time could be a very good investment but i can also be a shoot in the dark. No one knows if 10 years from now Bitcoin will still be around. So do your own research and figure it out!
firstly, it is not long time good way to make money - it is long-term investment. for me, it is more or less like holding shares of some startup..
anyway, I like it and I'm basically holder of some amount. I didn't sell it on 800 or 200, I don't care at all about some price swings or hacks (I have encrypted paper wallets).
my advice? yes..buy, print, hold. thanks me later.
anyway, I like it and I'm basically holder of some amount. I didn't sell it on 800 or 200, I don't care at all about some price swings or hacks (I have encrypted paper wallets).
my advice? yes..buy, print, hold. thanks me later.
Yes, but and hold, but don't put all your saving into BTC, not all eggs in one basket.
firstly, it is not long time good way to make money - it is long-term investment. for me, it is more or less like holding shares of some startup..
anyway, I like it and I'm basically holder of some amount. I didn't sell it on 800 or 200, I don't care at all about some price swings or hacks (I have encrypted paper wallets).
my advice? yes..buy, print, hold. thanks me later.
anyway, I like it and I'm basically holder of some amount. I didn't sell it on 800 or 200, I don't care at all about some price swings or hacks (I have encrypted paper wallets).
my advice? yes..buy, print, hold. thanks me later.
Better off buying gold or investing in stocks. If you have like $500-$1000 to just throw away, why not just throw Bitcoin in some cold wallet storage and hope for the best. I truthfully think you will be very disappointed though. More regulations, startup businesses, and worldwide knowledge about bitcoin has grown significantly. Its great to witness, but in part I believe this has caused the price to become more stable. Some people rather have a stable Bitcoin price, but if you are looking for that pipe dream of turning your investment into riches I think those days are over for good with Bitcoin.
dont think so, bitcoin is risk investment
Holding BTC a long time to make money is not good idea, better try to buy some altcoins at low price and then sale them at higher price, and change back to BTC 
Holding Bitcoin for the long term makes perfectly sense as we're heading towards lower block rewards in 2016. Your advice to people to buy altcoins is horrible.
Dont be so sure, after litecoin halving the price didnt increase and it actually went down so nothing is guaranteed and who knows if until then bitcoin wont be dead
Bitcoin and it's underlying Blockchain will have so many different use cases we are not able to think about right now.
Just think about the internet in 1994/95.No one had any idea about social medias like facebook, twitter or youtube. No one was thinking video on demand, streaming sites in general and many many more.
Today we "only" think about property/land recording, foreign remittances, online payments, cross border loaning just to name a few use cases.There are way more.
So yes it will be worth to wait and have patience for at least 5-10 years.In that time we will see many ups and downs.
But Bitcoin and Blockchain can and will have a very huge impact.The question is just how. And that we don't know.
Just think about the internet in 1994/95.No one had any idea about social medias like facebook, twitter or youtube. No one was thinking video on demand, streaming sites in general and many many more.
Today we "only" think about property/land recording, foreign remittances, online payments, cross border loaning just to name a few use cases.There are way more.
So yes it will be worth to wait and have patience for at least 5-10 years.In that time we will see many ups and downs.
But Bitcoin and Blockchain can and will have a very huge impact.The question is just how. And that we don't know.
Applying the same logic you could also come to the conclusion that in the future (5-10 years) something better than the blockchain would appear thus making bitcoin obsolete
If you have some of the greatest risk tolerance on earth, putting a large sum of money in bitcoin is a bet you can make. But even the biggest known bitcoin investors, the Winklevoss twins, have started diversifying their investments in the space. Creating a bitcoin exchange and all.
Bitcoin and it's underlying Blockchain will have so many different use cases we are not able to think about right now.
Just think about the internet in 1994/95.No one had any idea about social medias like facebook, twitter or youtube. No one was thinking video on demand, streaming sites in general and many many more.
Today we "only" think about property/land recording, foreign remittances, online payments, cross border loaning just to name a few use cases.There are way more.
So yes it will be worth to wait and have patience for at least 5-10 years.In that time we will see many ups and downs.
But Bitcoin and Blockchain can and will have a very huge impact.The question is just how. And that we don't know.
Just think about the internet in 1994/95.No one had any idea about social medias like facebook, twitter or youtube. No one was thinking video on demand, streaming sites in general and many many more.
Today we "only" think about property/land recording, foreign remittances, online payments, cross border loaning just to name a few use cases.There are way more.
So yes it will be worth to wait and have patience for at least 5-10 years.In that time we will see many ups and downs.
But Bitcoin and Blockchain can and will have a very huge impact.The question is just how. And that we don't know.
Applying the same logic you could also come to the conclusion that in the future (5-10 years) something better than the blockchain would appear thus making bitcoin obsolete
Bitcoin and it's underlying Blockchain will have so many different use cases we are not able to think about right now.
Just think about the internet in 1994/95.No one had any idea about social medias like facebook, twitter or youtube. No one was thinking video on demand, streaming sites in general and many many more.
Today we "only" think about property/land recording, foreign remittances, online payments, cross border loaning just to name a few use cases.There are way more.
So yes it will be worth to wait and have patience for at least 5-10 years.In that time we will see many ups and downs.
But Bitcoin and Blockchain can and will have a very huge impact.The question is just how. And that we don't know.
Just think about the internet in 1994/95.No one had any idea about social medias like facebook, twitter or youtube. No one was thinking video on demand, streaming sites in general and many many more.
Today we "only" think about property/land recording, foreign remittances, online payments, cross border loaning just to name a few use cases.There are way more.
So yes it will be worth to wait and have patience for at least 5-10 years.In that time we will see many ups and downs.
But Bitcoin and Blockchain can and will have a very huge impact.The question is just how. And that we don't know.
Holding BTC a long time to make money is not good idea, better try to buy some altcoins at low price and then sale them at higher price, and change back to BTC
Um, why would it not be a good idea to just do this with bitcoins? You've got more chance of loosing your money investing in crapcoins. There is great potential for profit just by holding bitcoins long term though you could sell them and buy back with every rise and fall.
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