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Topic: Is Holding Bitcoin a long time good way to make money? - page 30. (Read 368917 times)

full member
Activity: 540
Merit: 100
Holding bitcoin is really effective to earn big profits. Many people do that because they wall know that.
hero member
Activity: 1372
Merit: 502
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thats right, holding bitcoin for the long term is a great investmen to make a lot of money
is possible bitcoin will be increase $5000 in this year
sr. member
Activity: 588
Merit: 250
I choose alt coin for long term investment.
But i have a little bit on bitcoin to.
Of course choose altcoin for long term investment always have opportunity get rich fast than choose Bitcoin for do that.
However, remember the final place of us always is Bitcoin and FIAT Grin
Yes always choose altcoins when int comes of investments for holding that long because they had the bigger chance to grow in the future i didn't mind playing gambling at all in the right in the right trading site when it comes of altcoin it will become more profit when you nuy those has potential to grow with in 2 or 1 week buy low sell high.
Actually, the main reason make many people want join to community cryptocurrency is the interesting point of altcoin market.
Only need working at home, you can earning a huge money, maybe = salary one year, even the profit from trading = salary whole life of worker working every day.
full member
Activity: 177
Merit: 100
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?

Bitcoin will hit 1Mn as per the experts.

https://cointelegraph.com/news/goldman-sachs-bitcoin-price-is-in-sweet-spot-eyes-4000-in-2017
Coming from a reputable group, we should believe it will happen.
I am also confident it will he achieve easily this year, hello.. We are close to $3,000 dollars already and we still have more months to end this year,
I think  we will see that soon, you know a lot of surprises will happen so we should be ready with that.
Well said. It’s absolutely prudent to believe in the enormous potential of bitcoins. Bitcoins definitely have bright future in crypto market. There’s no method best than holding on to your bitcoins as longer as possible. This demands little patience but is really tremendously profitable.

Bitcoins are becoming popular all over the world with the speed of light. It’s highly expected that bitcoins are going to exhibit high values in the end of year. Those who are holding on to bitcoins, great surprises are waiting for them. Good luck!

Holding bticoins if you don’t need to spend them is always a good idea, as there is no chance that bitcoin will fall to some lower price. Bitcoin holders are getting richer every single second because of constant growth in price. If you have enough of bitcoins you can also start using them to get more by investing them in different kinds of online businesses like trading, loaning, mining and many more. Some people are holding bitcoins to get to specific goals like $3000 per bitcoin so they can full fill their needs but even then if they don’t need it they like to hold bitcoins for longer times.
legendary
Activity: 1036
Merit: 1002
I choose alt coin for long term investment.
But i have a little bit on bitcoin to.
Of course choose altcoin for long term investment always have opportunity get rich fast than choose Bitcoin for do that.
However, remember the final place of us always is Bitcoin and FIAT Grin
Yes always choose altcoins when int comes of investments for holding that long because they had the bigger chance to grow in the future i didn't mind playing gambling at all in the right in the right trading site when it comes of altcoin it will become more profit when you nuy those has potential to grow with in 2 or 1 week buy low sell high.
hero member
Activity: 1008
Merit: 537
I choose alt coin for long term investment.
But i have a little bit on bitcoin to.
Of course choose altcoin for long term investment always have opportunity get rich fast than choose Bitcoin for do that.
However, remember the final place of us always is Bitcoin and FIAT Grin

Ya correct. Bitcoin is the best thing to make huge money. Many long term bitcoin holders are millionaire or billionaire today. No coin will replace. For bitcoin is only bitcoin. Longer term holding is best for the profit .If you keep your bitcoin for longer means you will get the very huge profit from it.
newbie
Activity: 17
Merit: 0
Yes, I think this is a good way to make money. Due to deflationary nature of Bitcoin, its price will only grow on the long term.
sr. member
Activity: 419
Merit: 250
I choose alt coin for long term investment.
But i have a little bit on bitcoin to.
Of course choose altcoin for long term investment always have opportunity get rich fast than choose Bitcoin for do that.
However, remember the final place of us always is Bitcoin and FIAT Grin
newbie
Activity: 5
Merit: 0
It actually depends on your requirement. Are you into long term investment or short term investment? Long term if you are looking at savings, retirement or educational expenses. Short term if you are looking at Bitcoin to supplement your daily or monthly needs like paying utility bills, groceries or having a great dinner with your loved ones.

If your goal is short term, there is an opportunity to earn. However, it takes constant attention. On a daily basis, there will be times when the value of BTC is significantly low. This is due to peer to peer activities and the buying and selling habits of all participants of the Bitcoin economy. You need to identify and observe when these low points occur on a daily basis. Once you are confident in identifying these low points, you may then proceed to buy low and sell high and repeat the process until you have earned a significant amount of money to address your needs.

If you goal is long term then this is a no brainer. If you search the internet for "price index for bitcoin" you will get a lot of result. From the graph, you will immediately notice that the value of Bitcoin has always been on an upward trend with some instances or dipping but returning to the upward trend. A year ago, the value of BTC was 1/4 of what it is today. Also, because the amount of bitcoin is finite, the law of demand and supply will really apply to Bitcoin in the long run  which means whether we like it or not, the value of Bitcoin is destined to increase.
full member
Activity: 378
Merit: 100
I choose alt coin for long term investment.
But i have a little bit on bitcoin to.
hero member
Activity: 1302
Merit: 503
Yes, as long as you bought using fiat money under 10 000$, you will earn a good amount of money because of the price increase. Buy at any price, that will maybe drop, but you are assured price will rise again in the future, above current price, so why hesitate more ? Because in case it does not drop, you will have missed a great opportunity.
yes i also think that it is good to hold bitcoin for a long time.
- I prefer to invest bitcoin into altcoin rather than holding bitcoin because if we want Bitcoin achieve higher value now, we will need to wait in a long time and myself, I do not like to waste time. So i will spend my time and bitcoin to trade altcoin, that will help me earn more bitcoin and I will sell the bitcoin for the highest price possible as long as I feel that the price is reasonable. The future of bitcoin is unpredictable, should not hold it too long although we may regret in the future but safety first
legendary
Activity: 1120
Merit: 1003
It should be understood by all investor, it will not gonna be an easy way especially if they are keep for long  term. This is a good investment but we have to understand that the market is not stable yet on this time , and the miners  will be happy on the price going to be higher and still they should be mine for BTC healty  Roll Eyes
newbie
Activity: 2
Merit: 0
In my eyes the best way to increase your bitcoin is trading.

The fluctuation of BTC is pretty impresive but if you look at other coins you can triple your btc easily..

Trading will always remain unpredictable, so thats why I do a lot of research before investing.

I focus on reading articles, and when possible I attend to crypto meet ups.

Also I use some free software that predicts the future of several coin markets. www.cryptoforesight.org

Holding on to your bitcoin is a safer way to make profit, but it takes way more time.

Do your research and start making nice profit by trading, afterall your profits will always be in BTC...
hero member
Activity: 3080
Merit: 603
Yeah, Bitcoin price is rocketing right now, but think this is just the beginning. Actually, I think the best way to make money is to buy bitcoins and let them sit for a few years on a wallet.

This is the beginning for the road to $10,000 and we are almost half of it. Just keep on hold guys because there will be the time that you will regret that you had sold before earlier at a very lower price but in my case I won't be regretting anymore as there's a benefit and there's a reason why I did sold my bitcoins before.
full member
Activity: 528
Merit: 100
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-$300 range, isn't having BTC always good?
Yeah of course it is really a good way to make money. Holding for a long time is really effective.
sr. member
Activity: 350
Merit: 250
Yes, as long as you bought using fiat money under 10 000$, you will earn a good amount of money because of the price increase. Buy at any price, that will maybe drop, but you are assured price will rise again in the future, above current price, so why hesitate more ? Because in case it does not drop, you will have missed a great opportunity.
yes i also think that it is good to hold bitcoin for a long time. it is right that the price of bitcoin can take a correction and the price will drop a little but after correction the price of bitcoin is expected to boost again and will hopefully cross 5000$ in next few days, and that is the reason that we can see that still most of the people are not selling their bitcoin but are going to hold it for a long long time, as they are expect the price even to reach to 7000$ very soon.
newbie
Activity: 1
Merit: 0
Yes, as long as you bought using fiat money under 10 000$, you will earn a good amount of money because of the price increase. Buy at any price, that will maybe drop, but you are assured price will rise again in the future, above current price, so why hesitate more ? Because in case it does not drop, you will have missed a great opportunity.
sr. member
Activity: 476
Merit: 250
It has certainly proven to be an excellent way to make money. Especially if you have been holding it for the last couple of years  Wink Anyway, I still think that even if you buy now and hold it for a while, it will still be profitable. I assume there is still growth potential for the price...
Yes, maybe a few more months the Bitcoin price will be doubled from now on.
At a glance, the current BTC price is too expensive to buy.
But we see the future of bitcoin for years to come. I think this is a great time to buy some bitcoin.
sr. member
Activity: 567
Merit: 250
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Yes, holding bitcoin for a long time is, not just good, but the best way to make money. But here is the catch, it is proven right now that you are not anymore needed to hold your bitcoin for too long. We are almost doubling now in at least a month. I cannot fathom the ways of bitcoin. 
sr. member
Activity: 994
Merit: 252
Base on the current movement of the market value of Bitcoin holding bitcoin for both long time period and short time period is a good way of making money or bitcoin.
I am agree with you this points that the current movement of the market value of bitcoin is very best, so you are right that time we need to hold our bitcoin for long term and also hold its for short term because this time both way is very profitable for us and we make our money increase very fast. So both is very better way but to me long term is very good as compare to short term holder
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