Topic: Is Holding Bitcoin a long time good way to make money? - page 166. (Read 368873 times)

Allocate some to buy and spend. If they all just sit there doing nothing then I'm not so sure it'll get anywhere.

The philosophy of holding has taken something of a battering over the last 18 or so months. If you believe in BTC as a concept then a significant rise needs to happen for it to take hold. At the same time you need to keep your wits about you for potential death spirals. It's far from being in the bag yet.

Holding bitcoin for long term is good but you need to have some eye on board also because its giving good profit on short term basis also as happen few days back some bump and now again prices going on regular rate

Put some in coldstorage. But for Bitcoin to succeed I also think you should use them, to buy, trade etc.

most definitely, yes. compared to other investments bitcoin has way more room for great profits. but the only thing is that most people can't hold their coins for long. as soon as they see the price increased with 50%, they will sell.

In theory it should being a deflationary currency, but it all depends on supply and demand.


Again, in theory the halving should push the value up but that also depends on what the demand for coins is like.

It could go to zero or less than $100 but probably wont anytime soon and hopefully never.



The price is very low and bitcoin hasn't reached even a small percentage of it's potential so the potential for it to rise dramatically or go back to around $1000 is very good in my opinion though we may need patience.

No doubt, hold bitcoin start from now is a good invest way!

i think so risky if you Holding bitcoin a long time  , may be just 3-6 Month it's good . but , if you already got cheap or profit you should sell your bitcoin , and waiting dump again .

Yes like yesterday but it soon followed a down trend after it, and the op isn't asking about these short term jumps. Over the long term it primarily depends on adoption . Its hard to say it will be a safe investment, but its pure speculation based on the fact that bitcoin is the best answer towards decentralization and there fore should be the likely outcome. But if the adoption doesn't happen and it doesn't come to that phase, it will mean it won't rise in price and could over time fall down to around 100.

Yes because the price sky rockets from time to time.

As the current market rates fluctuates daily but as on weekends they fluctuates about 15dollars  so you can flip your bitcoins at weekends.
And, no holding your bitcoins for long is not a very good idea, you can trade them for other altcoins and then trade them back to btc after their incereased value, basically buy low and sell high.

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

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?