Is Holding Bitcoin a long time good way to make money? - page 34.

albertvert

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Quote from: CryptoCowwboy on August 07, 2017, 03:38:26 PM

I believe the most important questions can be found on each coins website. Do your research: who started the company, were they an original founder/cofounder of bitcoin, if not look at their experience, what is the purpose of the coin, is it mineable, does it have a maximum quantity as bitcoin. There are altcoins that will rise in value but you must do your homework before you buy a coin. Best Wishes!

To my opinion it's the correct time to make the money today.It's around 3353$ .Which is 300$ greater than today. Of you are satisfied with today price means you can sell it today or else keep your bitcoin for longer as much as possible and sell it.You will became richest person.

CryptoCowwboy

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I believe the most important questions can be found on each coins website. Do your research: who started the company, were they an original founder/cofounder of bitcoin, if not look at their experience, what is the purpose of the coin, is it mineable, does it have a maximum quantity as bitcoin. There are altcoins that will rise in value but you must do your homework before you buy a coin. Best Wishes!

shezzamin

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If you want to get maximum profit, analyze a coin and invest on it for atleast few weeks.
Dont hold any coin for long term. Unlike Bitcoin, each altcoin has to follow its pattern and must dump and pump after specific year.

coynedterm

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Quote from: HanSchultz on July 13, 2017, 06:23:30 PM

Quote from: batang_bitcoin on July 13, 2017, 04:49:43 PM

It's absolutely one of the worsts day that is going to happen if you lost all your bitcoins. That's why I put it now on electrum where I have the seed, private keys and master public keys and I can recover my wallet any time. So for you people out there that is still not prepared before August 1. Make sure that you hold those keys.

I am sure that you wont loose you coins but you might loose the benefits of the split as usually you are supposed to get coin on a equal ratio of 1:1 if there is a split and if you save your coins in exchanges then you wont get those but that does not mean that your coins will vanish because the coin with the biggest followers will be the leader and that will be the coin you will be getting if you store your coins in an exchange.

Yeah , here I also support that holding the Bitcoin for long time is not a better way of investment of your money , because only price increases in the Bitcoin not the amount , amount will remain same as it was earlier .
So more better way to invest to your Bitcoin is the trading , because at one side you will bought the coins and at other side you will invest in altcoins to make the amount increase slowly slowly.
And second thing here to put money in the exchange is not safe , I am.not saying at risk but reality is that we can't make ourselves free that our money in the exchange is fully safe ( fear of the robbery of eth coin at many exchange in past ) , so if you want to go for long term investment then more better will be to put your money at the the direct address whose private key is in your hand .

batang_bitcoin

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Quote from: ipanks on July 13, 2017, 07:42:43 PM

Quote from: batang_bitcoin on July 13, 2017, 04:49:43 PM

-snip-

i think our bitcoin is not loss if we save in offline wallet. but i think we can still save our bitcoin in exchange but not in big amount so we still can doing trading. if there is any split like many rumor said, then we can have new coins and if the price is high then we can have free money for selling the coins.

Yes it won't be lose if you'll store your bitcoins on your offline wallet. It's advisable to store your bitcoins not on exchange but to an offline wallet where you have full control of your private keys.

Quote from: HanSchultz on July 13, 2017, 06:23:30 PM

Quote from: batang_bitcoin on July 13, 2017, 04:49:43 PM

-snip-

I am sure that you wont loose you coins but you might loose the benefits of the split as usually you are supposed to get coin on a equal ratio of 1:1 if there is a split and if you save your coins in exchanges then you wont get those but that does not mean that your coins will vanish because the coin with the biggest followers will be the leader and that will be the coin you will be getting if you store your coins in an exchange.

Oh yes, thanks for correcting me mate. Yes you won't lose your bitcoin but once the split happens and you don't have control on your keys we can't tell what's possible to happen to the exchange. If they will decide to support the chain that they have but if you stored your bitcoins in an offline wallet, you can have two chains.

ipanks

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Quote from: batang_bitcoin on July 13, 2017, 04:49:43 PM

Quote from: bitcointarget on July 13, 2017, 04:35:31 PM

Quote from: batang_bitcoin on July 13, 2017, 03:58:35 PM

Quote from: ?? on ??

Quote from: anylic on July 13, 2017, 01:59:15 PM

According to my opinion, I believe so, but right now things to do that is storing your coins safe. Don't store BTC on any exchange and yet keep saving coin bank.
Risks occurring is very high when you choose don't properly secure solutions

why isn't it safe?

Because there will some split that is about to happen on August 1. And if you will let your bitcoins stored on exchange there will be chances that it will lost forever. Why? Because you are not holding the private keys of your bitcoin and once it happened that is going to be one of the worst day ever, your bitcoins will be gone forever.

That would be a true nightmare. Can you even imagine that you lost all of your bitcoins forever?

This is absolutely terrible. For this, we're responsible to get ready for the possible split.

It's absolutely one of the worsts day that is going to happen if you lost all your bitcoins. That's why I put it now on electrum where I have the seed, private keys and master public keys and I can recover my wallet any time. So for you people out there that is still not prepared before August 1. Make sure that you hold those keys.

i think our bitcoin is not loss if we save in offline wallet. but i think we can still save our bitcoin in exchange but not in big amount so we still can doing trading. if there is any split like many rumor said, then we can have new coins and if the price is high then we can have free money for selling the coins.

HanSchultz

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Quote from: batang_bitcoin on July 13, 2017, 04:49:43 PM

It's absolutely one of the worsts day that is going to happen if you lost all your bitcoins. That's why I put it now on electrum where I have the seed, private keys and master public keys and I can recover my wallet any time. So for you people out there that is still not prepared before August 1. Make sure that you hold those keys.

I am sure that you wont loose you coins but you might loose the benefits of the split as usually you are supposed to get coin on a equal ratio of 1:1 if there is a split and if you save your coins in exchanges then you wont get those but that does not mean that your coins will vanish because the coin with the biggest followers will be the leader and that will be the coin you will be getting if you store your coins in an exchange.

batang_bitcoin

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Quote from: bitcointarget on July 13, 2017, 04:35:31 PM

Quote from: batang_bitcoin on July 13, 2017, 03:58:35 PM

Quote from: ?? on ??

Quote from: anylic on July 13, 2017, 01:59:15 PM

According to my opinion, I believe so, but right now things to do that is storing your coins safe. Don't store BTC on any exchange and yet keep saving coin bank.
Risks occurring is very high when you choose don't properly secure solutions

why isn't it safe?

Because there will some split that is about to happen on August 1. And if you will let your bitcoins stored on exchange there will be chances that it will lost forever. Why? Because you are not holding the private keys of your bitcoin and once it happened that is going to be one of the worst day ever, your bitcoins will be gone forever.

That would be a true nightmare. Can you even imagine that you lost all of your bitcoins forever?

This is absolutely terrible. For this, we're responsible to get ready for the possible split.

It's absolutely one of the worsts day that is going to happen if you lost all your bitcoins. That's why I put it now on electrum where I have the seed, private keys and master public keys and I can recover my wallet any time. So for you people out there that is still not prepared before August 1. Make sure that you hold those keys.

bitcointarget

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Activity: 350

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Quote from: batang_bitcoin on July 13, 2017, 03:58:35 PM

Quote from: ?? on ??

Quote from: anylic on July 13, 2017, 01:59:15 PM

According to my opinion, I believe so, but right now things to do that is storing your coins safe. Don't store BTC on any exchange and yet keep saving coin bank.
Risks occurring is very high when you choose don't properly secure solutions

why isn't it safe?

Because there will some split that is about to happen on August 1. And if you will let your bitcoins stored on exchange there will be chances that it will lost forever. Why? Because you are not holding the private keys of your bitcoin and once it happened that is going to be one of the worst day ever, your bitcoins will be gone forever.

That would be a true nightmare. Can you even imagine that you lost all of your bitcoins forever?

This is absolutely terrible. For this, we're responsible to get ready for the possible split.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: ?? on ??

Quote from: anylic on July 13, 2017, 01:59:15 PM

According to my opinion, I believe so, but right now things to do that is storing your coins safe. Don't store BTC on any exchange and yet keep saving coin bank.
Risks occurring is very high when you choose don't properly secure solutions

why isn't it safe?

Because there will some split that is about to happen on August 1. And if you will let your bitcoins stored on exchange there will be chances that it will lost forever. Why? Because you are not holding the private keys of your bitcoin and once it happened that is going to be one of the worst day ever, your bitcoins will be gone forever.

anylic

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According to my opinion, I believe so, but right now things to do that is storing your coins safe. Don't store BTC on any exchange and yet keep saving coin bank.
Risks occurring is very high when you choose don't properly secure solutions

bitbunnny

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Looking from the perspective on 6,7 years ago, yes it seams like good strategy to make money. But honestly, just few people held their coins that long. And it's hard to,tell how long will long enough to make profit. So, it would be better to make some combination of holding one part and investing the other to try actively make the profit. It's not very likely to expect that you will make fortune just by doing nothing.

Hallmader

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Quote from: JohnC2389 on July 13, 2017, 08:21:42 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?

In my opinion, it's a good way to earn profit but this is really a long-term investment because Bitcoin is already on the top (nearly) of its price so that you will have to wait for a really long time to earn profits.

Bitcoin is already on top but still it continues to grow. When segwit activates we will be expecting another long happy trip this year end just like what happened last year.

JohnC2389

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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?

In my opinion, it's a good way to earn profit but this is really a long-term investment because Bitcoin is already on the top (nearly) of its price so that you will have to wait for a really long time to earn profits.

bitllionaire

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Quote from: rhamzter on July 13, 2017, 07:15:43 AM

Due to bitcoin crisis, I think it's better to hold for the meantime the bitcoin. Because if you review the fluctuation of bitcoin in the market it was smoothly decreasing price. However I believe that after segwit bitcoin value were gonna be explode and rapidly increase.

i think it is always profitable to hold bitcoin for a long time. because in long term investment the risk of losing money is very rare, while in short term investment there are always risk of losing money. you can even lose all the money you have invested in bitcoin. therefore long term investment is more good that short term investment.

Lalafell

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Quote from: jbrnt on July 03, 2015, 05:38:18 PM

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

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?

Holding bitcoin is like holding other investments such as stocks or gold. Is holding stocks always good? Apple was at $200 in 2010, it was $600 in 2014 before the stock split. There were ups and downs during those 4 years, it also peaked at $670 in 2012. Knowing when to buy and when to hold is whats makes it "good".

Bitcoin peaked at over $1000 and now it is around $250. If you think bitcoin has the potential to pass $1000 again, isn't buying at $400 and $300 still very "good"?

I absolutely agree that holding bitcoin is like investment that you need to wait more time. In addition to that, holding is one of the best strategies that you can do if you really want to gain a high income. It’s better to hold your bitcoin than so spend it or sell it. Be patient and be smart if your really want to make money.

rhamzter

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Due to bitcoin crisis, I think it's better to hold for the meantime the bitcoin. Because if you review the fluctuation of bitcoin in the market it was smoothly decreasing price. However I believe that after segwit bitcoin value were gonna be explode and rapidly increase.

Humanxlemming

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If i am not mistaken bitcoin in year of 2010-2013 is just a cents only and after a several years bitcoin sucessfully increased it's price and support many banks and business man at all. Anyways all i can say is HOLDING BITCOIN A LONG TIME TRADE IS GOOD WAY TO MAKE MONEY. I can definitely say YES

Drokzid

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ethereumhunter

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Quote from: inthelongrun on July 12, 2017, 10:44:32 PM

There will be a sure profit at the end of the day with that. But of course it will take a long time considering that the price of bitcoin as of today is generally huge. It will also depend on how much bitcoin you will be storing. If the speculation of many will come true, this 2017 will end with bitcoin's price hitting $4000.

i think its still worth if we hold bitcoin for a long time because i know one or more of my friend is holding their bitcoin for at least 2 years ago and now, they are make big money. they always told to me that i should hold my bitcoin no matter the price is down or increase because after 2 years from now on, bitcoin price will skyrocket and we can not imagine how much 1 bitcoin is. so they makes me remember that holding bitcoin is always worth until we can see the price increase so high.

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