Is Holding Bitcoin a long time good way to make money? - page 22.

shiunsai

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Quote from: kendra1107 on October 07, 2017, 06:47:24 PM

Quote from: viking02 on June 30, 2015, 12:24:11 PM

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?

2017 is a crazy year for bitcoin. Who ever expected bitcoin to rise dramatically above $4000 in just a matter of months?! So I guess some of you who kept your bitcoin from the time this thread was created may already be cruisin around the world right now Wink

But I would say that it is still wise to invest in bitcoin because it will continue on rising in the coming years...gutt feeling... Cheesy

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.

kendra1107

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Quote from: viking02 on June 30, 2015, 12:24:11 PM

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?

2017 is a crazy year for bitcoin. Who ever expected bitcoin to rise dramatically above $4000 in just a matter of months?! So I guess some of you who kept your bitcoin from the time this thread was created may already be cruisin around the world right now Wink

But I would say that it is still wise to invest in bitcoin because it will continue on rising in the coming years...gutt feeling... Cheesy

memyselfandi

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Futurov

Yes specially now a days there are a lot of blogs and statements towards predictions of the future value of the coins. Some will say that the value of Propy will become 300 USD in the next 1 to 2 years. Even this year, maybe the value of bitcoin will pump high because the China will come back in industry of cryptocurrency. So as of now, I think it is good to hold your coins because it has a high possibility to pump up.

PacePay

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Quote from: Whosdaddy on October 05, 2017, 03:46:28 AM

Quote from: Watashi Yamashita on October 03, 2017, 08:48:13 AM

If we are going to figure out the previous current trend of bitcoin, we can see that it's beneficial for its traders and holders due to fluctiations/volitality. This is a path that that events can happen for future. Thus, we can say that it can be a long time to make money but the risk is always there like other investment programs.

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.

Yes, holding the bitcoins for a long time is a wonderful way of making a good amount of money. But the choice is totally yours and in fact this is not the only way of making a good amount of money by investing in bitcoin. It is you who has to decide which option is best suitable for you as per your own convenience. For me, holding is the best way of making a good amount of money with less risk.

Pixyoxx

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Hello,
I think it completely depends on the holder to what they want out of their bitcoins. One should, in my opinion, hold only a part of all the bitcoins they own. The rates of bitcoins fluctuate every minute, but if we see tge larger picture, theres a overall steady growth in its value. Therefore holding upon a certain amout is better then cashing out all that you have.
Bitcoins have reached new heights like never before, and is expected to rise more. Thus, having a marginal and reasonable amount of bitcoins on hold is always a good idea, while cashing out some of it timely.
Hope that answers your question.

Aizhen05

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Quote from: richkellj on October 05, 2017, 03:04:16 AM

Quote from: Colt22 on September 27, 2017, 03:36:28 PM

Quote from: swscowods on September 26, 2017, 02:18:13 AM

Quote from: Cazkys on September 15, 2017, 05:46:30 AM

I'm holding on to my Bitcoin for a long term, while watching its price and importance climb up making its way to society. It wont be long until everyone will start using Bitcoin and so the advantage that the people who currently have Bitcoin is that they will have more Bitcoin than the people who just recently heard about it. I cant wait to have Bitcoin as a global currency when transacting online, even though the price is falling down for the moment.

Yes holding bitcoin for a long time is a good way to make money because all the investors and traders know that bitcoin is never going to lose its worth and value in the market in future. Those who have invested in bit coins have planned a long term investment in bitcoin which is definitely going to give them a lot of profit.

If we look at those people who are now rich due to bitcoins and read about their history, we will come to know that holding on bitcoins for a long period was the only way with which they earned handsome amount of money. These were the people who invested in bitcoin at very early stage and trusted it’s potential. If anyone wants to be one of them, he must keep bitcoins in his wallet for a good duration.

I also think that this is a good way to earn money but the things actually work a bit differently .if we keep on saving bitcoins without even utilizing them for the sake of business or some sort of investment then there is no guarantee of you increasing your bank rolls on regular basis.

The more obvious way is to keep up with some sort of business to earn handsomely along with saving bitcoins.

As what i read more about bitcoin some tells that holding bitcoin is much. Etter but your right how are we can guarantee some increasing if we dont invest it so I realize thats right holding are good but getting some a lot of profit and guaranteed some opportunities are most likely if you invest it.

justdimin

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Quote from: yvesp110 on October 04, 2017, 06:12:24 AM

Quote from: pragna on October 03, 2017, 12:13:07 AM

Actually it is depand on holder who is collecting bitcoin for long time. If he can trade he can earn by it. If he has enough money he can hold it for the long time. The demand of bitcoin is increasing day by day. So if he hold for long time he can get more currency.

Really depends on who is catering this situation. If you are going with a strong plan of earning much more than yes holding always profits you as current scenario of market. But if you just want to earn little profits at daily rates then surely holding is not going to be profitable for you. It all depends on the plan and strategy, so make it wisely.

Indeed it totally depends on the needs and demands of the investor. If the person is not in need of money on urgent basis and his financial conditions are allowing him to keep bitcoin in wallet for long time then surely it is the best way of making grand profits with bitcoins. But if the person needs money on regular basis as you said, then holding is not made for such investor.

Xenoph0bia

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Quote from: viking02 on June 30, 2015, 12:24:11 PM

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?

I think Bitcoin is growing at a very fast rate and it is one of the fastest growing investments of the world. Bitcoin is gaining popularity everyday and its acceptance is also increasing which is helping in making Bitcoin even more valuable.
If Bitcoin continues to grow with the same rate, then within 3-5 years, we can expect the value of Bitcoin to double itself. So I believe that holding your Bitcoins can produce really good amounts of profits in the long run.

dutchkay

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Holding BTC for a long term is always a good trading strategy and will always yield profit. A friend of mine carelessly bought BTC last year when its price was around 1000$ and forget about it. He called me this year (2017) and couldn't believe it. BTC have really gone a long way to drop to zero just like that. I always recommend people to keep spare btc and be piling up if possible cos time will come when it will reach to 20k to 50k for 1BTC. we are just in the early days of cryptocurrency.

Dannaey

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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.

maii

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This depends on many factors but most important among them is speculations about the would be market price of bitcoin at .... year this factor alone would determine whether to buy and hold, sell/trade or to thread with caution

arbelian

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Majority of Bitcoin investors knows that holding bitcoin a longer period of time is a good way to make money. As per its value today i am sure lots of investors now gained si many and big profit.

Heacygg

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Quote from: RayDali0 on October 03, 2017, 09:45:11 PM

Yes.
That is true. I bought and HODL some BTC,
Value is rising and I still keep it

holding bitcoins for a long time is the best idea to earn more money because the prices of bitcoins are going high rapidly so holding bitcoins will be the right choice of investor to earn more money because the price of bitcoins is not stopping to go higher.

Lenzie

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For campaign management, please pm me.

I might not have that much bitcoin to be called an investment already. I believe that holding bitcoin is a really practical choice than selling it.

Quote from: Ann Impas on October 05, 2017, 08:21:28 AM

Yes kind off because it will make your BTC price higher (depends on the situation) but you can still loose even a long period of time and you can earn more when day trading.

But yrafing is very risky and I think it is a near event like gambling, the only edge trading have is you can ise a lot of tool like reading news or reading candlestick. So you will be prepared and somewhat it is bit predictable than trading. As what most of the trader says: only invest what you are ready to lose.

marcuslong

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Quote from: shield132 on October 04, 2017, 06:16:02 PM

Quote from: RayDali0 on October 04, 2017, 04:12:09 PM

I just could not imagine if BTC would really reach more than 50k USD.
A long holder will be so lucky.
I also should hold more
We ll be on the moon

What? Where did you see bitcoin 50k USD? It's now nearly 4300$ and the maximum it reached was 5K dollar.
But how can we say that long holder will be very lucky? Well I also think that there are many factors to believe that bitcoin's price will rise and holders will get great profit but imagine if something happens like china did, even their word affected bitcoin so much that it fall from 5000 to 3000, that's much and bad despite the fact that it's recovering now. We don't know if it will be able to recover again if something similar happens.

I think he meant that in the year of 2030 or earlier than that. Bitcoin become in that price bitcoin is not yet all mined so there still possibilities that bitcoin become half a million price as the others prediction also the prediction of those expert who manage to run big companies of bitcoin. In my opinion in his suggestion about holding well you can't hold that because once you need money you will think to withdraw it all. Also even china drop the bitcoin there it will affect but not that big because there still countries who accepting bitcoin and keep supporting bitcoin.

justdimin

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Quote from: JohnBitCo on October 02, 2017, 10:08:57 PM

It works, but it will require either a good size investment or a good length of time. If you bought 1 BTC six months back(give or take) at $3000, then you made $1000, if you only bought 0.5 BTC, then you only made $500. But, that 0.5 BTC from two years back, brought at $600($300 for the half), is now worth $2000. Either way, it takes time or a good investment or both.

True! Looking at the previous trend from 7 years ago, I am sure no one will need a soothsayer to know that holding bitcoins can be extremely profitable at least if you know you have nothing to do with it and you can be patient enough.
Although, for those who can make good use of it to get more either via trading or any other legitimate means, I totally prefer it knowing the amount of BTC will always increase than just relying on the only one I have there.

Xenophoto

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Quote from: Whosdaddy on October 05, 2017, 03:46:28 AM

Quote from: Watashi Yamashita on October 03, 2017, 08:48:13 AM

If we are going to figure out the previous current trend of bitcoin, we can see that it's beneficial for its traders and holders due to fluctiations/volitality. This is a path that that events can happen for future. Thus, we can say that it can be a long time to make money but the risk is always there like other investment programs.

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.

I think "grand" profit is actually achieved by trading your funds over and over. In our place, it's called "rolling" the coins. You buy low, sell high. All over and over again and through time, you will make good amount of profit. You can also just do altcoin trading. First you have to learn about it, and once you have mastered it, increasing your profits is a lot easier. While bitcoin price is increasing, the amount of bitcoins that you hold is also increasing. That's double profits.

Holding bitcoin for a long time is a good way to make money indeed. But it's only those that can sustain their daily lives without converting their bitcoins has the luxury to do this. Those who have bitcoin as a primary source of income can't hold 100% of their coin but they can still ride the increase in price of bitcoin with what's left in their wallet.

Ann Impas

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Yes kind off because it will make your BTC price higher (depends on the situation) but you can still loose even a long period of time and you can earn more when day trading.

Fury Road

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Nice question

Im also wondering when should I stop holding my btc, and sell it before its too late...

I have invested in btc when it was on ~$2700 rate, and I plan do not touch them before 2018.. But who knows...

Whosdaddy

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Quote from: Watashi Yamashita on October 03, 2017, 08:48:13 AM

If we are going to figure out the previous current trend of bitcoin, we can see that it's beneficial for its traders and holders due to fluctiations/volitality. This is a path that that events can happen for future. Thus, we can say that it can be a long time to make money but the risk is always there like other investment programs.

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.

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