Is Holding Bitcoin a long time good way to make money? - page 32.

ardentvolcanoes

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Quote from: dasana212 on August 11, 2017, 12:32:14 PM

Holding bitcoin for long tme always possible to make more money from initial funds we invest. I personally, didn't think much about it. I'm more interested using bitcoin on exchange. Because i think trading makes my investment graph more active than just holding.

well trading really will give you opportunity to grow your bitcoin many good alts that can be use to be traded all you have to do is
research and looks for a good coin project so aside from holding your bitcoin you are also using it to be more profitable ways.

dasana212

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Holding bitcoin for long tme always possible to make more money from initial funds we invest. I personally, didn't think much about it. I'm more interested using bitcoin on exchange. Because i think trading makes my investment graph more active than just holding.

nasipadang

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Quote from: remedcu on August 11, 2017, 08:22:08 AM

Holding BTC in the long term can definitely be profitable considering your "long term" is really how long and also how patient you are if it dips lower than your buy price.

Personally, I am holding some BTC for some time now, and won't be selling any until I urgently need it.

yes, because the demand for bitcoin will increase with the number of new users now so the price will be higher, proven in the past years until now the price comparison is far

remedcu

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Holding BTC in the long term can definitely be profitable considering your "long term" is really how long and also how patient you are if it dips lower than your buy price.

Personally, I am holding some BTC for some time now, and won't be selling any until I urgently need it.

setupbounds

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Quote from: aryana42 on August 10, 2017, 10:44:59 AM

I'm not sure exactly what will happen to bitcoin in the future. Right now, I make money from trading, do not expect things that have not happened yet. I just do what is better to do now. We can only make inferences from what has happened, and give the word 'maybe' to hasn't happened yet.

Obviously. We can’t predict the future of any currency but on the basis of past events, we can at least up to some extent predict the future of the bitcoins by using the word ‘may be’.
Bitcoins are going to have very bright future. Soon they will be made legal and ruling the world.

webdevmastery

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There's a saying that patience is virtue, I started earning bitcoins here through joining signature campaigns and promoting campaigns. The good thing about that is if you have already a stable income of earning bitcoins. Try to invest in building a mining rig and earn passively while waiting for your'e current coins currency value to rise up.

virasisog

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Quote from: BlockEye on August 10, 2017, 09:21:23 PM

Quote from: bitcoin31 on August 10, 2017, 06:14:01 PM

Op started this topic in the year of 2015 and for sure if he bought and hold bitcoin. He can earn a lot of profit because the price is very high and Its very effective if you hold your bitcoin for longterm.

Yeah, OP is much richer now since there's a huge pjmp happens in btc. It is already proven that when we hold our btc it can increase in long term. It can also be possible into other alts like Waves now which increases also maybe slow but will surely increase huge too as time passed by.

It is only possible if the OP was still holding his bitcoins until now. If you have some good skills in trading it is much better to make more money than waiting for a months and years to have a good profit in bitcoins .By holding you can gain sure income to it.

sam53

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Quote from: marseille on August 10, 2017, 12:12:01 PM

Quote from: wareen on August 10, 2017, 11:36:23 AM

Quote from: matthona on August 10, 2017, 11:15:05 AM

Quote from: aryana42 on August 10, 2017, 10:44:59 AM

I'm not sure exactly what will happen to bitcoin in the future. Right now, I make money from trading, do not expect things that have not happened yet. I just do what is better to do now. We can only make inferences from what has happened, and give the word 'maybe' to hasn't happened yet.

There is not higher risk in holding bitcoins for next few years as if you would have invested in bitcoins 3 years back and would have hold till this time then just imagine how much profits you would have made so it same goes to next few coming years too.

Actually with the investor hold Bitcoin from 2015 when the price of Bitcoin still $200 for each, the current price very high with them and should take profit. But if you think again carefully, you can see the potential of Bitcoin in next year very large, maybe in this year just beginning of the road growth Bitcoin.

If you have bought your bitcoins at $200 price then without wasting any time you should sell your bitcoins now as you are making huge profits from it but if you have bought in recent times then it would be better to hold it for next few years.

Depending the target of every holder, if holder from 2015 set target for sell their Bitcoin at $10,000/BTC, maybe they still keep their Bitcoin and waiting this future.

mirakal

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Quote from: BlockEye on August 10, 2017, 09:21:23 PM

Quote from: bitcoin31 on August 10, 2017, 06:14:01 PM

Op started this topic in the year of 2015 and for sure if he bought and hold bitcoin. He can earn a lot of profit because the price is very high and Its very effective if you hold your bitcoin for longterm.

Yeah, OP is much richer now since there's a huge pjmp happens in btc. It is already proven that when we hold our btc it can increase in long term. It can also be possible into other alts like Waves now which increases also maybe slow but will surely increase huge too as time passed by.

That is only possible if he really listen to majority of people here saying we should hold our bitcoins, even now that the price has rise so much it is still good to hold as we all know there is no limit with the price increase of bitcoin especially now that more progress are happening.

We have to be more confident now more than before since big progress means great value appreciation, they are related.

BlockEye

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Quote from: bitcoin31 on August 10, 2017, 06:14:01 PM

Op started this topic in the year of 2015 and for sure if he bought and hold bitcoin. He can earn a lot of profit because the price is very high and Its very effective if you hold your bitcoin for longterm.

Yeah, OP is much richer now since there's a huge pjmp happens in btc. It is already proven that when we hold our btc it can increase in long term. It can also be possible into other alts like Waves now which increases also maybe slow but will surely increase huge too as time passed by.

bitcoin31

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Op started this topic in the year of 2015 and for sure if he bought and hold bitcoin. He can earn a lot of profit because the price is very high and Its very effective if you hold your bitcoin for longterm.

betudontbet

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If you take a look at the charts and graphics given on many exchangers or webs who track bitcoin prices you shall see that it is an EV+ investment over the years.

fancy_pants

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Quote from: player514 on August 10, 2017, 04:06:34 PM

Quote from: cyclotronmajesty on August 10, 2017, 04:02:09 PM

Yes holding bitcoins for long term is the best and safe way to make good profits in future as holding doesn't involve any risk of loosing money and even if price crashes in short term you should not get panic and wait for the price to recover back in future.

However, from here on out, I think you have to invest a lot of money into bitcoin if you want to make a decent amount off of just hanging onto the coins. BTC is currently 3000+, where it has been fluctuating for a couple of weeks. Again, there is also a point where you have to know where to sell. There could be a day where bitcoin just falls apart completely, although I highly doubt that will happen now given the consistent support for the crypto currency across the globe.

Yeah to make profits only from holding you need to have higher amount of coins in your wallet then only you will be able to feel the profits in future and if you have limited amount of bitcoins then its better to invest in trading where you always have an chance to grow your coins.

player514

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Quote from: cyclotronmajesty on August 10, 2017, 04:02:09 PM

Yes holding bitcoins for long term is the best and safe way to make good profits in future as holding doesn't involve any risk of loosing money and even if price crashes in short term you should not get panic and wait for the price to recover back in future.

However, from here on out, I think you have to invest a lot of money into bitcoin if you want to make a decent amount off of just hanging onto the coins. BTC is currently 3000+, where it has been fluctuating for a couple of weeks. Again, there is also a point where you have to know where to sell. There could be a day where bitcoin just falls apart completely, although I highly doubt that will happen now given the consistent support for the crypto currency across the globe.

cyclotronmajesty

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Yes holding bitcoins for long term is the best and safe way to make good profits in future as holding doesn't involve any risk of loosing money and even if price crashes in short term you should not get panic and wait for the price to recover back in future.

nidacoinlove

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Quote from: HasHe on August 10, 2017, 08:48:59 AM

Investments in bitcoins should be made in a long term basis and short term investments suits only for altcoins.Bitcoin does not give huge returns in short period of time.Bitcoin price has raised from $850 in december 2016 to around $3380 today in just eight months.So,longer,we hold bitcoins,larger will be the profits.

Yes exactly there is no doubt that holding bitcoin for long-term is a good option for enjoying larger profits but sometimes we don't think that it will be giving profit to us very soon, like bitcoin was $1800 near two months ago and now it is $3400 and above. The profit in two months of holding is around $1500 which is quite impressive. People who bought bitcoin when it's price was low were lucky and also were visionary who had the sense for the bitcoin price in future.
My planning is to collect as many as I can for a minimum of two years. I hope I will be getting a good reward for my investment in bitcoin.

marseille

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Quote from: wareen on August 10, 2017, 11:36:23 AM

Quote from: matthona on August 10, 2017, 11:15:05 AM

Quote from: aryana42 on August 10, 2017, 10:44:59 AM

I'm not sure exactly what will happen to bitcoin in the future. Right now, I make money from trading, do not expect things that have not happened yet. I just do what is better to do now. We can only make inferences from what has happened, and give the word 'maybe' to hasn't happened yet.

There is not higher risk in holding bitcoins for next few years as if you would have invested in bitcoins 3 years back and would have hold till this time then just imagine how much profits you would have made so it same goes to next few coming years too.

Actually with the investor hold Bitcoin from 2015 when the price of Bitcoin still $200 for each, the current price very high with them and should take profit. But if you think again carefully, you can see the potential of Bitcoin in next year very large, maybe in this year just beginning of the road growth Bitcoin.

If you have bought your bitcoins at $200 price then without wasting any time you should sell your bitcoins now as you are making huge profits from it but if you have bought in recent times then it would be better to hold it for next few years.

wareen

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Quote from: matthona on August 10, 2017, 11:15:05 AM

Quote from: aryana42 on August 10, 2017, 10:44:59 AM

I'm not sure exactly what will happen to bitcoin in the future. Right now, I make money from trading, do not expect things that have not happened yet. I just do what is better to do now. We can only make inferences from what has happened, and give the word 'maybe' to hasn't happened yet.

There is not higher risk in holding bitcoins for next few years as if you would have invested in bitcoins 3 years back and would have hold till this time then just imagine how much profits you would have made so it same goes to next few coming years too.

Actually with the investor hold Bitcoin from 2015 when the price of Bitcoin still $200 for each, the current price very high with them and should take profit. But if you think again carefully, you can see the potential of Bitcoin in next year very large, maybe in this year just beginning of the road growth Bitcoin.

matthona

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Quote from: aryana42 on August 10, 2017, 10:44:59 AM

I'm not sure exactly what will happen to bitcoin in the future. Right now, I make money from trading, do not expect things that have not happened yet. I just do what is better to do now. We can only make inferences from what has happened, and give the word 'maybe' to hasn't happened yet.

There is not higher risk in holding bitcoins for next few years as if you would have invested in bitcoins 3 years back and would have hold till this time then just imagine how much profits you would have made so it same goes to next few coming years too.

aryana42

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I'm not sure exactly what will happen to bitcoin in the future. Right now, I make money from trading, do not expect things that have not happened yet. I just do what is better to do now. We can only make inferences from what has happened, and give the word 'maybe' to hasn't happened yet.

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