Is Holding Bitcoin a long time good way to make money? - page 26.

tabas

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Quote from: Sled on August 30, 2017, 06:41:01 PM

Quote from: tabas on August 30, 2017, 06:32:01 PM

Quote from: Denamen on August 30, 2017, 11:05:48 AM

this post 2 years ago. when price is 400-500$ as I remember.. when price deep to 250$ many people leave crypto world. And now they will be sad because they decision

Those people that left when the price went down to $250 probably they went back already. This is how the crypto currency moves and it's like a gamble for all of the traders. Those people who exited earlier sold their bitcoins when the price was still at the 3 digit line and saw the price now for sure they are crying and blaming themselves.

That is possible that they came back in bitcoin because if they saw that the price of bitcoin is going up then they will not allow their selves to get left behind the train and they actually buy back and become a holder until now and i am one of those people who did the same thing. I sold my bitcoins in an early stage and i only got a few profit from that but now i am holding bitcoin for long term and i always adding bitcoins into my investment every 4 months.

It's for sure they came back after dropping their own bitcoins and selling it with a very low price. It's one of the problem of the weak traders, they are not believing on what they've got. They didn't have any plans to hold for a long time and always looking for a daily profit and they feel sorry right now because of that wrong decision.

BobBct

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There is a chance you get profit holding it but still there is now sureness that it will go high. so i would recommend do it at your own risk, or just trade. Wink

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Quote from: 949miner on August 30, 2017, 06:50:05 PM

Quote from: Sled on August 30, 2017, 06:41:01 PM

Quote from: tabas on August 30, 2017, 06:32:01 PM

Quote from: Denamen on August 30, 2017, 11:05:48 AM

this post 2 years ago. when price is 400-500$ as I remember.. when price deep to 250$ many people leave crypto world. And now they will be sad because they decision

Those people that left when the price went down to $250 probably they went back already. This is how the crypto currency moves and it's like a gamble for all of the traders. Those people who exited earlier sold their bitcoins when the price was still at the 3 digit line and saw the price now for sure they are crying and blaming themselves.

That is possible that they came back in bitcoin because if they saw that the price of bitcoin is going up then they will not allow their selves to get left behind the train and they actually buy back and become a holder until now and i am one of those people who did the same thing. I sold my bitcoins in an early stage and i only got a few profit from that but now i am holding bitcoin for long term and i always adding bitcoins into my investment every 4 months.

sure, the same happens with altcoins, for example with ethereum, a lot of people panic selled when it dropped to $180 on July, no it is more than 2x from that price.
I think that in cryptomarkets everything is about time, you know, we always see the same charts/trendings with every altcoin that is new on the market, and they all work the same.

Indeed, therefore if we panic we will lose, investors who has a big interest to buy will likely create news to cause FUD to weak people and they sell for a cheap price and they make easy money. As we invest, we also have to increase our knowledge by monitoring the news and knowing all factors that could affect our investment, for long term investors they need to be patient and be updated.

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Quote from: Sled on August 30, 2017, 06:41:01 PM

Quote from: tabas on August 30, 2017, 06:32:01 PM

Quote from: Denamen on August 30, 2017, 11:05:48 AM

this post 2 years ago. when price is 400-500$ as I remember.. when price deep to 250$ many people leave crypto world. And now they will be sad because they decision

Those people that left when the price went down to $250 probably they went back already. This is how the crypto currency moves and it's like a gamble for all of the traders. Those people who exited earlier sold their bitcoins when the price was still at the 3 digit line and saw the price now for sure they are crying and blaming themselves.

That is possible that they came back in bitcoin because if they saw that the price of bitcoin is going up then they will not allow their selves to get left behind the train and they actually buy back and become a holder until now and i am one of those people who did the same thing. I sold my bitcoins in an early stage and i only got a few profit from that but now i am holding bitcoin for long term and i always adding bitcoins into my investment every 4 months.

sure, the same happens with altcoins, for example with ethereum, a lot of people panic selled when it dropped to $180 on July, no it is more than 2x from that price.
I think that in cryptomarkets everything is about time, you know, we always see the same charts/trendings with every altcoin that is new on the market, and they all work the same.

Sled

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Quote from: tabas on August 30, 2017, 06:32:01 PM

Quote from: Denamen on August 30, 2017, 11:05:48 AM

this post 2 years ago. when price is 400-500$ as I remember.. when price deep to 250$ many people leave crypto world. And now they will be sad because they decision

Those people that left when the price went down to $250 probably they went back already. This is how the crypto currency moves and it's like a gamble for all of the traders. Those people who exited earlier sold their bitcoins when the price was still at the 3 digit line and saw the price now for sure they are crying and blaming themselves.

That is possible that they came back in bitcoin because if they saw that the price of bitcoin is going up then they will not allow their selves to get left behind the train and they actually buy back and become a holder until now and i am one of those people who did the same thing. I sold my bitcoins in an early stage and i only got a few profit from that but now i am holding bitcoin for long term and i always adding bitcoins into my investment every 4 months.

tabas

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Quote from: Denamen on August 30, 2017, 11:05:48 AM

this post 2 years ago. when price is 400-500$ as I remember.. when price deep to 250$ many people leave crypto world. And now they will be sad because they decision

Those people that left when the price went down to $250 probably they went back already. This is how the crypto currency moves and it's like a gamble for all of the traders. Those people who exited earlier sold their bitcoins when the price was still at the 3 digit line and saw the price now for sure they are crying and blaming themselves.

chickenado

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Quote from: whaawh on August 30, 2017, 12:38:53 PM

Quote from: Denamen on August 30, 2017, 11:05:48 AM

this post 2 years ago. when price is 400-500$ as I remember.. when price deep to 250$ many people leave crypto world. And now they will be sad because they decision

In fact a year ago Bitcoin was in price even lower than 5 times. I think that many who invested in Bitcoin Last summer, today rejoice at the amount of income that they received. Of course for traders this is a very ambiguous situation. But I think that there are still ups and downs, when you can make good money on the difference.

I think it is good because bitcoin has proven a lot already for years onwards. Same situation of my brother, he hold his bitcoin for three consecutive months and he didn't mind for the drops because he knew that it will still increase at the end of each months. Until now he continues to hold his other bitcoin's have because he also put up a sort of business and negotiations with the rest of his profit. He keeps doing it for the sake of future needs for his own family. It's hard to earn from his job knowing that deductions of his income bloat. Therefore, he chose bitcoin as his partner to live in a balance mode.

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Quote from: Denamen on August 30, 2017, 11:05:48 AM

this post 2 years ago. when price is 400-500$ as I remember.. when price deep to 250$ many people leave crypto world. And now they will be sad because they decision

In fact a year ago Bitcoin was in price even lower than 5 times. I think that many who invested in Bitcoin Last summer, today rejoice at the amount of income that they received. Of course for traders this is a very ambiguous situation. But I think that there are still ups and downs, when you can make good money on the difference.

Denamen

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this post 2 years ago. when price is 400-500$ as I remember.. when price deep to 250$ many people leave crypto world. And now they will be sad because they decision

StarofBTC

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Quote from: sanjeev.lamani@ on August 29, 2017, 04:38:22 AM

Quote from: jerowacik on July 02, 2015, 04:13:32 PM

i think so risky if you Holding bitcoin a long time , may be just 3-6 Month it's good . but , if you already got cheap or profit you should sell your bitcoin , and waiting dump again .

There are many articles around bitcoin price would reach up to 5k / 10k in longer run. Even we have seen in last few months it has been double. I believe keep it for longer run it will give much more higher return.

I believe it too. Bitcoin has been an amazing pump in August and now still it is going up and up. Now holder will be having so much profit and I suggest to hold it more for a few months. Price charts are going up and so your profit. Just examine continuously the market and just hit when you hold much profit.

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Quote from: xzone on August 29, 2017, 04:44:55 AM

Holding long term always a better option with bitcoin. Bitcoin still too young and growing so fast. We will regret that we sold our bitcoins in the future, price will rise always.
So don't sell your bitcoins if you don't need money

yes i am also agree that long term investment is the best investment where the chances of making money is more as compare to short term investment, because short term investment is too much risky as compare to long term investment. in short term investment you must have good experience, while in long term investment even an inexperienced person can also get good profit.

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Quote from: cluit on August 29, 2017, 06:22:35 AM

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?

Keeping bitcoin for long as a way of making money might not be lucky always. Lets say the market moves against you, you’re going to lose a lot of money(probably more than what you invested initially)

Don’t be pessimistic. We all know that it is the time of bitcoins and they are definitely going to make all of us rich soon. Already there are numerous examples of people who shifted to luxurious life from a middle class life. There is nothing wrong with holding bitcoins for long time.

SuperPower

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yes.its true that holding Bitcoin a long time the good way to make money.but investing with Bitcoin is more profitable according to me.i always use half of my Bitcoin for trade and half of them use for hold.

cluit

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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?

Keeping bitcoin for long as a way of making money might not be lucky always. Lets say the market moves against you, you’re going to lose a lot of money(probably more than what you invested initially)

Pakboy

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Holding bitcoin is really effective way to earn huge profits. Many people are afraid to invest their money to the bitcoin because they say that it is very risky. There is no doubt that it is risky but I am sure we can earn many profits by investing our money.

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Quote from: sanjeev.lamani@ on August 29, 2017, 04:38:22 AM

Quote from: jerowacik on July 02, 2015, 04:13:32 PM

i think so risky if you Holding bitcoin a long time , may be just 3-6 Month it's good . but , if you already got cheap or profit you should sell your bitcoin , and waiting dump again .

There are many articles around bitcoin price would reach up to 5k / 10k in longer run. Even we have seen in last few months it has been double. I believe keep it for longer run it will give much more higher return.

I have even read more than that prediction, I think time really matters and the price that we see now is still very cheap
if we are looking at the future success of bitcoin. Price will have no limit and we should always believe it will continue to rise as progress does.

xzone

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Holding long term always a better option with bitcoin. Bitcoin still too young and growing so fast. We will regret that we sold our bitcoins in the future, price will rise always.
So don't sell your bitcoins if you don't need money

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Quote from: jerowacik on July 02, 2015, 04:13:32 PM

i think so risky if you Holding bitcoin a long time , may be just 3-6 Month it's good . but , if you already got cheap or profit you should sell your bitcoin , and waiting dump again .

There are many articles around bitcoin price would reach up to 5k / 10k in longer run. Even we have seen in last few months it has been double. I believe keep it for longer run it will give much more higher return.

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Quote from: Quidat on August 28, 2017, 08:25:05 AM

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Quote from: logicgate on August 26, 2017, 06:40:22 AM

Quote from: patz22 on August 25, 2017, 01:09:53 AM

That actually depends on the market, because there is still a chance that value will go down in the future but for now with the current value of bitcoin - i think it is better to hold it for a long a time.

Yeah holding for long time is better for maximum profit. But not holding so long like many years, try to spend your bitcion time by time, because bitcoin is made to make its users life happy, so your life become happy when you fulfill your desires so try to fulfill your desires by bitcoin, do not spend all of your bitcoin try to save it for future.

It is quite better to make holding to your bitcoin. Holding a bitcoin for a long time is. Yes, so yielding in terms of profit.
Do not hold for so many years I suppose but it may be 2 3 years enough. After you just sell the bitcoins and you will be amazed to see the earnings you will from it.

True. Even I had try this. Holding and saving is the key for success in bitcoin. Sell you bitcoin only you want money. Just check the bitcoin rate day to day while holding. Once the price of bitcoin reaches the moon means, you will get very good profit from it. It may be a dollar, Euros and so on.

If everyone holds, who will you be selling to in the future? Who will be buying your bitcoin?

Yes its profitable in holding a bitcoin but some people trade it day by day to earn additional bitcoin that's why it affect the market up and down prices and most of the people gain a good opportunity from this situation.

I agree it's profitable now and it has been longterm until now, but I don't know what mechanism would keep it that way in 5 or 10 years. Purely trading day to day is enough to pump the price short term. New holders pump the price long term. As more people become holders, there will be less bitcoin to trade and the market will become very thin and bitcoin very expensive. Won't there be a time when a new buyer will avoid buying 1 bitcoin because he doesn't want to go in when others spent the same amount of fiat for 1000 bitcoin?

This is why its really important for bitcoin to be spend not on fully holding it off since the circulation would really be lessen because people are tending to hold it off and as being said price would be more valuable but this is not bitcoin works on this way. People must really use their bitcoin but well we cant blame them if they would decide to hodl for long term.

Yes, i am also worried about the circulation of bitcoins because if all start holding to their bitcoins, how will new people grab bitcoins? I think people should do trader with bitcoins so that bitcoins stay active and can compete with other crypto currencies. Saving should be done but not for all time.

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Keeping bitcoin for long as a way of making money might not be lucky always. Lets say the market moves against you, you’re going to lose a lot of money(probably more than what you invested initially)

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