Topic: Is Holding Bitcoin a long time good way to make money? - page 35. (Read 368917 times)

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.

that is what i also think that your profit depend on holding the amount of bitcoin and for the period for which you have investe your money. to me i think if you have invested your money for a long time then you will certainly get good profit.

I believe that you need to keep bitcoin as long as possible to get a good profit, but do not forget that you need a little more to live for your pleasure, and then the whole life will be spent only on preservation.

Works like a charm. ROI will always be there plus more with just patience.
Dont be down with the simple fall of a hundred dollars which is just normal with bitcoin price.
Being optimistic with bitcoin is the only way to make profit out of it.
Those who have a weak heart cannot take it thinking with just a mere fall they will withdraw already. Just like what is happening now.

Keep holding it until you make money may seem like a silly way to do it, but it works.
Even now with the dropping price I presume anyone who holds on for a few more years will see a great return on their investment.
See 2013 peak took a while but those peak positions are still well into ROI.

Holding btc has always been a good way to earn whether it's short time or long time. Of course if you hold longer, the bigger your earnings would be. Just ask those people who've become richer this year just by holding on to their btcs since last year. As of now btc is about earning. Waiting for the right time to sell with profit would be the challenge for anyone but with btc, it won't be that hard to decide on compared to other altcoins.

yes its true, as we know that in past, the worth of bit coin increased very quickly, and when bit coin was at initial stage, people who bought bit coins are now millionaires. So patient and right decision is the key to success!!

This is very true to be patient with your investment, when you will be patient you will be having a good control on your emotions and you will take positive decisions for your investment. It is better to invest in the bitcoin instead of keeping your money at banks or at home which will lose its value with the passage of the time, while the bitcoin can give you huge profit if you invest in it for a long term.

Yes, Bitcoin is showing really really good growth rates so holding Bitcoin for a long time will guaranteed you really really high returns. Bitcoin has more potential than any other altcoin so hold your coins for a long time to assure high profits.

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?

None of any of invesment has no risk. Every investment should have a risk since the market isn't consistent thus there is a possiblity if getting deficit. As an investor, it's very important to know that so he can handle the risk of his investment.

It's not that safe at all, be aware that value of bitcoin can dropped unexpectedly but I believe that it's not going to happen. Since I'm holding bitcoin I have to agree with that holding bitcoin for a longer term is a good way to grow your money but it will take a longer time before seeing the good result of it.

Holding Bitcoin for long time is a very safe investment. Safe because the future of this coin is very good not many people know about the existence of bitcoin. If the existence of bitcoin already known to the people that will make the popularity of these coins will be good. There will be many people who use this currency as their alternative payment tool that is very easy to use and also uses low fee.

That's like asking, is buying real estate a good investment? As with anything, market conditions and price are important. When do you buy, and at what price?

Bitcoin has so far historically, been a great investment. So has litecoin, ethereum and ripple.