Topic: Is Holding Bitcoin a long time good way to make money? - page 20. (Read 368915 times)

Holding is no doubt a very good option for making a very good amount of money. If you have control over your nerves then this is the best thing which you should do. Holding of bitcoin gives you a guarantee of this thing that with each passing day, more amount of money will be added to your account. So you have to be very careful and you need to control yourselves especially at the hard times.

Very proven, Yes. Holding bitcoin for longtime proves to be one of the best ways to grow money we have. Very much compared to interest given by bank.

Very proven, Yes. Holding bitcoin for longtime proves to be one of the best ways to grow money we have. Very much compared to interest given by bank.

Very proven, Yes. Holding bitcoin for longtime proves to be one of the best ways to grow money we have. Very much compared to interest given by bank.

This topic started from 2015. And now, we can have the answer. I'm absolutely convinced that Holding Bitcoin a long term is a good way to make money.

yes if we look at the current position of bitcoin it will say that to hold it for along time it will profitable it can also be said that to make invest your money it is just like a bank deposit many people are waiting foe such a wonderful chance to get the extra money from this. i think we should not keep all money into one currency but it is good if we keep our money into more than one currencies of the same category.

Yes, because look at it now BTC exploded from $4800 now at $5600 which is a huge jump and now looking to be stable and can hit 7k after the fork.

yes it is but it is to be for long time. Holding your Bitcoin is a nice way to save your money if you want to make money you have to sell it on the right moment and it is hard to make the right choice and patience is also important because it will be bad if you are selling it too early when you cant get profit of it. just wait for the right time to sell.

Yes, because look at it now BTC exploded from $4800 now at $5600 which is a huge jump and now looking to be stable and can hit 7k after the fork.

We are all optimistic about the future bitcoin. So, money invested in bitcoin very big. That's, of course holding bitcoin is one of the best ways to grow money.

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?