Bitcoin is definitely a good way to increase wealth long term by saving through holding your bitcoins. If you do this then you have a sure fire way to make gains like you've never made before in an investment. Hold for 20-30 years, but you can take off the top every 5.
If we look at those people who bought bitcoins at its early stages when it was really cheap, somewhere around 10 or 12 dollars and then they hold on to it, today they all have a good amount of money in their pockets. This way, we can say that bitcoin is a way of becoming rich by just holding on for a long period. The demand is increasing and after two years, we all will be also rich.
Topic: Is Holding Bitcoin a long time good way to make money? - page 24. (Read 368915 times)
Holding Bitcoin a long time you can get big profit but have you self-reliant hold when price of BTC is down. Many people are fear when price of btc is down and they are instant sell BTC or when BTC increased new price. Many expertors identified BTC will reach $10,000 in next 5 years so why we are holding it 
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.
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.
Yeah i agree with you, if im on that situation same thing i will do..im not just hold my bitcoin but trade it into other currency, when other currency dump. And then turn it again into btc when the value of btc pumps. (Buy low and sell high), so in this strategy the bitcoin you are going to hold for a certain time will earn more
2×, 3×......
I think you can only do this when the market is moving a lot. Most of the time, as bitcoin goes up, altcoins are going down (in bitcoin price). With what you are saying, you are basically taking advantage of the indifference of their price and I think that it only happens for a couple of hours, sometimes even a couple of minutes. So you should always be online in order to do it. I don't think that 2x, or 3x is really achievable in this strategy unless the altcoin that you bought suddenly went up which is kinda rare these days, tbh. So many coins are out there and everyone is trading this and that. People don't really support a coin anymore, they simply use altcoins as a tool to make profit and in the end of the day, they are going to convert those profit into bitcoin and hold that long term.
On exchanges you don't know if you're trading against pros or fish. You don't even know how many players there are, or who is privy to information that you aren't.If you've learnt good bankroll management, how not to go on tilt and wait for high probability scenarios then you might have some success, but don't be under any illusions that it's easy. It's a completely different game.Keep in mind if you are successful, 90% of your profit will come from like 5% of your trades.
Do not try for the "consistent", $X per day, or X% per week kind of thing. That's not how you make money trading.
Do not try for the "consistent", $X per day, or X% per week kind of thing. That's not how you make money trading.
Of course that will work like 100% if you forget about it and be back 1year after you did that.
The price of crypto currency is not predictable. But we know that Bitcoin will go for long run. It has a great opportunity. So that we can call it predictable. We can hold it for long term for making a good profit from it. Definitely Bitcoin holding is a great way to earn. 
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.
Yeah i agree with you, if im on that situation same thing i will do..im not just hold my bitcoin but trade it into other currency, when other currency dump. And then turn it again into btc when the value of btc pumps. (Buy low and sell high), so in this strategy the bitcoin you are going to hold for a certain time will earn more
2×, 3×......
Holding Bitcoin is most definitely a good long term way to make money. There is so much debt in FIAT and it's coming to cryptocurrencies, but BTC will be the standard.
myself appreciate this idea of holding Bitcoins for a long time. I think so this all depends on the strategy of the person. If he thinks he can make more money by trading, then there is no point of keeping them for more time. The thing which matters the most is which option suits you more. Holding Bitcoin is most definitely a good long term way to make money. There is so much debt in FIAT and it's coming to cryptocurrencies, but BTC will be the standard.
Yes that is a monumental sort of decision if you are holding and then selling later. Things will be fine as bitcoins are going under some hard times but it will come back to its stable position. But what I think is, it actually depends on your strategy that how would you want the profit, for some day trade is better and for some long term holding is much more profitable. So it actually depends.
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.
Of course that will work like 100% if you forget about it and be back 1year after you did that.
It will work for sure. You planned of long term investment in bitcoins which is going to benefit you in many ways in future. People hold bitcoins to make huge profits. So I think it is a good way to make money by holding your bitcoins for some time.Of course we should be positive, we know it's very risky but when we are a risk taker and we can afford what we invest then we will not gonna worry regardless of what happen, let's just be positive and continue to believe while doing our part to promote so we can create bigger demands due to adoption.
Of course that will work like 100% if you forget about it and be back 1year after you did that.
It will work for sure. You planned of long term investment in bitcoins which is going to benefit you in many ways in future. People hold bitcoins to make huge profits. So I think it is a good way to make money by holding your bitcoins for some time. 
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. 
Holding Bitcoin is most definitely a good long term way to make money. There is so much debt in FIAT and it's coming to cryptocurrencies, but BTC will be the standard.
Yes that is correct specially to those who invested so early way back four years ago they had already gained a really good profit today because it doubled tripled their investments. But i think it is not too late to invest and we still have chance to buy and hold bitcoin because a lot of things can still happen as i had read some news bitcoin price would be higher in the next five years and i think it is time for us to invest some keep it and wait patiently.
Holding BTC for a long time is a good way to make money if you have many Bitcoins.
If you don't hold a lot of Bitcoin, I think you can make more profit by trading.
That said, being a good trader is not easy and you will have to do research to succeed.
Personally I focus on reading crypto related articles and when I have time, I attend to bitcoin meetups.
Also I recently discovered some free software that predicts the future markets of several coins. www.cryptoforesight.org
If you want big profit you will have to trade because if you only hold it will take sometimes months before you make good profit.
Do your research and never give up trading, in the end you will see the profit coming in
If you don't hold a lot of Bitcoin, I think you can make more profit by trading.
That said, being a good trader is not easy and you will have to do research to succeed.
Personally I focus on reading crypto related articles and when I have time, I attend to bitcoin meetups.
Also I recently discovered some free software that predicts the future markets of several coins. www.cryptoforesight.org
If you want big profit you will have to trade because if you only hold it will take sometimes months before you make good profit.
Do your research and never give up trading, in the end you will see the profit coming in
Bitcoin is definitely a good way to increase wealth long term by saving through holding your bitcoins. If you do this then you have a sure fire way to make gains like you've never made before in an investment. Hold for 20-30 years, but you can take off the top every 5.
If we look at those people who bought bitcoins at its early stages when it was really cheap, somewhere around 10 or 12 dollars and then they hold on to it, today they all have a good amount of money in their pockets. This way, we can say that bitcoin is a way of becoming rich by just holding on for a long period. The demand is increasing and after two years, we all will be also rich. 
Bitcoin is definitely a good way to increase wealth long term by saving through holding your bitcoins. If you do this then you have a sure fire way to make gains like you've never made before in an investment. Hold for 20-30 years, but you can take off the top every 5.
Holding Bitcoin for long term /a few year is good way to make money. I believe fundamental of Bitcoin is very strong. BTC should be able to go up 10x in value. Its total supply and use in banks for major transfer and as assets in publicy traded index funds. But always use money management to invest it, dont use all money to invest in it.
Of course that will work like 100% if you forget about it and be back 1year after you did that.
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