Topic: Is Holding Bitcoin a long time good way to make money? - page 17. (Read 368902 times)
Certainly, From 2009, Holding Bitcoin is alway a right way for investors. But now, you will have to reconsider. Does Bitcoin has a future again?
Bitcoin has declined now, and I don't think we should hold bitcoin now. Let choose other coins such as Bitcoin cash to invest
Yes, Bitcoin is predicted to increase in long-term. Therefore, holding Bitcoin is a good choice.
Yes I think that keeping them is excellent these days simply because its just so profitable, individuals that are going for long terms are going to make large earnings.
If you really think that you can hold it for a long time then it is indeed the best time to make money with holding bitcoin. Holding bitcoin is not easy because there will be a lot of challenges like temptation to sell or put bitcoin to another type of coin which is risky. So you need to have a clear plan for what you are going to do with your bitcoin.
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.
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.
I agree for such kind of people who has knowledge about trading will be good to trade with altcoin and back to btc.
But for some people just as investor, holding is best way. Waiting for the the price increase then sell it.
Bitcoins' price are getting higher and higher and many people who want to earn somenwant to buy early so they can sell it in a good price. But it takes time though. But its worth it. Many people want to earn bitcoin so they can earn money and I'm one of them.I'm a student and I'm aiming to earn some to help me in my studies, financially.
It may be profitable however it depends upon the future of the bitcoin so its not really predictable, probably it will likely be good and lucrative in the future users but no one can assure this now.
Do not hesitate to hold Bitcoin, look at the evidence in 2017 BTC rise is phenomenal. I am sure the next few years BTC will be worth Lambo.looks dream but this is real and will happen.
It may be profitable however it depends upon the future of the bitcoin so its not really predictable, probably it will likely be good and lucrative in the future users but no one can assure this now.
lol I love to watch there old posts from 2015 (Personally I registered here in 2012) - and the answer is obvious now lol
In retrospect, you're always smarter. But I am also very glad that the courage pays off.
The thing is each person has a long time period different from others, lets say for me long time is 6 months above, since crypto does changes very fast, sure bitcoin has rewarded the holders from the last 7 years, who where able to buy and hold had made a nice profit atleast of 5x its investment, but the thing is a lot people from the holders had sold their coins once they hit the roi, the benefict to save for some years might be huge but there is a risk as well.
That is right! But those holders accept this risk, they do not let small risky can make they ignore the chance become the millionaire with Bitcoin in few years. Millionaire is a dream of most of people, but there are many people can not complete this dream until die
there is no guarantee in holding bitcoin in a long time will be beneficial because bitcoin prices fluctuate and may decline, They will continue to increase in the future. If you buy at the right price and sell at the right price, then you can make a decent profit. I think bitcoin suitable for short-term, take advantage of the changes that occur at certain moments.
Not only does everyone have different holding periods but holding is hard. I was active back in 2013/2014 and seeing the price come off 1,100 back to 200 made you feel sick for not selling over 1,000. Holding requires a mental effort every day to see a new all time high and decide not to sell.
The thing is each person has a long time period different from others, lets say for me long time is 6 months above, since crypto does changes very fast, sure bitcoin has rewarded the holders from the last 7 years, who where able to buy and hold had made a nice profit atleast of 5x its investment, but the thing is a lot people from the holders had sold their coins once they hit the roi, the benefict to save for some years might be huge but there is a risk as well.
I'd say Yes. Holding bitcoin for a very long time is a good way to make money.
Looking at the chart for the btc/dollar exchange rate for the past six months, you will realize that, although there have been times when the exchange rate was low, but by the end of the six months, the exchange rate sky rocket to about 50% of the initial btc/dollar exchange rate
Looking at the chart for the btc/dollar exchange rate for the past six months, you will realize that, although there have been times when the exchange rate was low, but by the end of the six months, the exchange rate sky rocket to about 50% of the initial btc/dollar exchange rate
lol I love to watch there old posts from 2015 (Personally I registered here in 2012) - and the answer is obvious now lol
Ha ha you are awesome. And bitcoins are too. Bitcoin have made such tremendous and monumental feats of success in these last 4-5 years.Before that, bitcoin was only recognized by very little number in the world but now, just see the amazing growth. And you are lucky to be in this superb world from last 5 years. Hope so you have so much and now you must be a rich person.
The price has increased significantly and one year is enough to at least break ATH after ATH and it will just continue to rise in the future.
There are still people who are not convince bitcoin is the new revolutionary currency but we will leave them hanging because we are going to the moon.
lol I love to watch there old posts from 2015 (Personally I registered here in 2012) - and the answer is obvious now lol
Ha ha you are awesome. And bitcoins are too. Bitcoin have made such tremendous and monumental feats of success in these last 4-5 years.Before that, bitcoin was only recognized by very little number in the world but now, just see the amazing growth. And you are lucky to be in this superb world from last 5 years. Hope so you have so much and now you must be a rich person.
Risky stuff, Satoshi Nakamato has a big part of all the bitcoins. He can dump it any time.
I thought about it, too. We do not know the main owners. What can happen.I advice to hold many bitcoin as possible and be gald in more years to come.
I don't think Satoshi will dump all of the one million coins at once. If he did, people will be rejoicing since it will pump bitcoin down so hard that late comers will be able to buy at a really low price. I see no reason as to why would he do that though. His mission was to create financial freedom for the masses and he did great with that. I do think that Satoshi will instead dump his bitcoins little by little (e.g. 1BTC a day sell) and then just carry on with his life living as a bitcoin millionaire. Satoshi probably have more than 1 million bitcoins since he is one of the first ones to be here, might as well be the first one to mine bitcoin and there was no bitcoin halving yet at that point so the mining rewards are a lot more than as of today.
In my opinion yes, because by holding Bitcoin can be more profitable than day trading and the risk also lower than day trading. If you dont have time to trade and dont have knowledge about day trading for the better just holding Bitcoin. More profitable and less risk.
So basically it's a case to case basis. If you have no idea about day trading, you'd be better off without it since doing it will just open a huge chance of you losing your bitcoin. It will be a lot better if you just hold your bitcoins instead.
lol I love to watch there old posts from 2015 (Personally I registered here in 2012) - and the answer is obvious now lol
You are lucky if you got into bitcoin business back then because at that time, the prices of bitcoin were very low. This digital currency was in early stages of development whereas at present, bitcoin is the leader of all digital currencies and has successfully beaten gold in being the most expensive and profitable investment. I wish I knew about bitcoin five years ago, anyways many people still don’t know about it. You can't come back to that time, so, instead of reget the past you didn't know Bitcoin, you should to research new method can improve your salary or trading skills if you are a trader.
As me, I spend my time to work hard because I knew the method make money through Bitcoin.
I think it holds a nice bitcoin, because bitcoin prices are getting more and more expensive, investing in bitcoin is very profitable what else we have a lot of bitcoin. bitcoin is my favorite coin.
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