Topic: Is Holding Bitcoin a long time good way to make money? - page 21. (Read 368869 times)

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?

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.

Well, first, I want to say is that we always rely on the past of Bitcoin to predict its future but we should know that nothing is forever, bitcoin can not increase forever, it will still have a point to stop, maybe today, maybe a year or 10 years later, we can not know the future. So holding the bitcoin for a long time still has many disadvantages and risks, it is not the best way to make money, it's just the safest. Talk about trading, life is never fair, the strong will survive, want more money, you need to rob other people's money, and trading is the way we rob money, it is also the best way to make money, do not complain or say bad things about trading, you do not earn profits because you are not good, simple, do not try to justify

Don't forget about those people who suffering huge lost because of making bad decision on cutloss.
It is sometimes trading on crypto has no difference with money gaming.
Risky close to gambling , i could say like that as i have experienced similar things .

Bitcoin has bring the new millionaire to the world and it is a fact that Google can show to us. The earlier bitcoiners who bought some good amount of it at very cheap rates of 10 to 50 dollars became rich by simply holding on to their asset for a long duration. If someone seeks grand profits out of it, the only way is to keep bitcoin in wallet for few years.

Everyone has a chance to become a millionaire if we will trust bitcoin to make a big change in our life, you are right, it's not too late for anyone who haven't invested yet because bitcoin will still surely grow. The price that we see now is going to the top and will reach $5,000 soon and I am sure we are happy when bitcoin continue to rise. For those who are new, I would suggest to buy anytime and just hold it for long term and enjoy the profit that you will make in 5 to 10 years from now, this is a great retirement plan so let's grab it now.

Surely you're right when you said, You're sure to earn it if you hold it for a long time. Just like those who hold bitcoins in 2015 where the price is at just $ 200 now see how many times it has raised almost 20x And let's say you've bought at least 10 Bitcoins. Congratulations because you're a millionaire. So it's not too late because the price of bitcoins is increasing and you just keep holding it

Yeah since the beginning of this year we have seen massive growth in the price of bitcoins and nobody thought that price will achieve such new heights and we can expect the same growth in coming years too so I don't see any risk in investing in bitcoins even at current price as in long run price will surely go higher.

The altcoin market is sort of a battle field. The weak gets eaten, and the strong ones get the most profits. Right now, the old ICOs of this forum are all down. I guess whales have started to move to a different coin or maybe they have already left long ago and all that's left are just bagholders waiting for a pump that will never happen. So now we are all left holding a lot of shit coins. I'm not really sure if it's a good idea what I did today. I bought multiple coins that just recently got dumped.

With that note, most altcoins are not a good way to make money for holding a long time. One pump and you should go out of the market then invest on another coin. There are only a couple of coins that have followed their roadmap and have made audience and volume for doing so. Others are just there, left to be forgotten.

The altcoin market is sort of a battle field. The weak gets eaten, and the strong ones get the most profits. Right now, the old ICOs of this forum are all down. I guess whales have started to move to a different coin or maybe they have already left long ago and all that's left are just bagholders waiting for a pump that will never happen. So now we are all left holding a lot of shit coins. I'm not really sure if it's a good idea what I did today. I bought multiple coins that just recently got dumped.

With that note, most altcoins are not a good way to make money for holding a long time. One pump and you should go out of the market then invest on another coin. There are only a couple of coins that have followed their roadmap and have made audience and volume for doing so. Others are just there, left to be forgotten.

Sorry but I will never ever suggest investing into altcoins. They are neither good for long term investment nor short term. Altcoins in my opinion are mere wastage of money and time whereas investing into bitcoin is a guarantee of great profits.

Bitcoin is the only digital currency at the moment that can generate the profit you aspire to have. Holding them for long time is the best method of making money in crypto world.

Sorry but I will never ever suggest investing into altcoins. They are neither good for long term investment nor short term. Altcoins in my opinion are mere wastage of money and time whereas investing into bitcoin is a guarantee of great profits.

Bitcoin is the only digital currency at the moment that can generate the profit you aspire to have. Holding them for long time is the best method of making money in crypto world.

Basing from some historical data, bitcoin does increase value with time. No one really expected it to have more value than gold. But to generate a good income you should also invest in altcoins not only in bitcoin. Hodling is one of the method to make money but it really is time consuming. There are a lot of ways to earn which give some valuable returns like investment, saving and trading.

Definitely yes. When I first started in buying Bitcoin, I started from $3,500 and now Bitcoin is about $4,200 dollars. That's a pretty fast gain, right? As Bitcoin become popular and some countries are now accepting it as payment, the more people buy Bitcoin, the more its value increases.

Yeah since the beginning of this year we have seen massive growth in the price of bitcoins and nobody thought that price will achieve such new heights and we can expect the same growth in coming years too so I don't see any risk in investing in bitcoins even at current price as in long run price will surely go higher.

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?