Is Holding Bitcoin a long time good way to make money? - page 46.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: dasana212 on June 05, 2017, 02:54:51 AM

I think holding bitcoin still profitable, bitcoin price in future i am sure will be much higher than at present. And if dare to be more aggressive maybe by trading we will get more bitcoin.

I also preached that bitcoin should be really for long term holding. The only problem I'm seeing is that if you go all in with your money and invest it all in bitcoin, chances are if there are certain cases like emergency situation, you have no choice but to withdraw your btc. So my strategy is just to buy small amount of bitcoin if I have extra profit from my offline business. In this way, I can mitigate my risk. And you wouldn't notice it that you can accumulate so much bitcoin in your wallet by this method. But others, who have so much money can just buy 1 btc and just leave it there for a long time. But not me, I slowly accumulated it through the years.

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: Magkirap on June 04, 2017, 09:31:15 PM

Quote from: ?? on ??

So far it was best way to hold it. The problem is that no one knows what will happen in future, as you know there is no 100% sure investment. It could rise more, it could decrease, something could happen with bitcoin itself, laws could prohibit it, etc..

Everything is a risk. That's why only invest what you can afford to lose. In my opinion, to eliminate those risk, thou must also invest in altcoins so that if bitcoin dumps, you still have an altcoins that can make your recover from the loss you have got from one investment.

That's not "eliminating" risks at all. That's opening up to even more risks. Altcoins have a lesser solid support and foundation as compared to bitcoins. If you convert all your bitcoins to altcoins, and then an altcoin chose to dump the market because you just pumped it (by buying the coins), then you just lost money right away. If I want to be safe, then I'll just store my money to bitcoin. When there's a dump? Then just go hold it longer. It's not like we're required to sell when the price is going down.

dasana212

hero member

Activity: 784

Merit: 500

I think holding bitcoin still profitable, bitcoin price in future i am sure will be much higher than at present. And if dare to be more aggressive maybe by trading we will get more bitcoin.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Singwala on June 04, 2017, 09:42:59 PM

Holding when the price sky rocket is profitable remember bitcoins/altcoins is a pump and dump so i'm not agree to holding a very longtime

We won't know when will the price will start to skyrocket, what we are hoping is that by holding the price will increase overtime, of course we like to see the price to skyrocket but if we are for long term we can expect there will be a correction of the price. I would love to see a constant increase while I constantly adding btc for my holdings.

Singwala

sr. member

Activity: 462

Merit: 260

Holding when the price sky rocket is profitable remember bitcoins/altcoins is a pump and dump so i'm not agree to holding a very longtime

Magkirap

sr. member

Activity: 896

Merit: 267

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

So far it was best way to hold it. The problem is that no one knows what will happen in future, as you know there is no 100% sure investment. It could rise more, it could decrease, something could happen with bitcoin itself, laws could prohibit it, etc..

Everything is a risk. That's why only invest what you can afford to lose. In my opinion, to eliminate those risk, thou must also invest in altcoins so that if bitcoin dumps, you still have an altcoins that can make your recover from the loss you have got from one investment.

gribble

hero member

Activity: 966

Merit: 552

Quote from: Angel777 on June 03, 2017, 09:46:06 AM

Yes its the best way of holding a bitcoin for saving money.In the bank if you save money theres an interest,but bitcoin multiplies your savings if bitcoin price is expensive.If you save bitcoin its like you are in trading business.Your money multiples.

Holding bitcoins a long time is good way to save the value of money in bitcoins
bitcoins will protect the value but it will not gives income holding bitcoins a long time
the good way to makes money with bitcoins is trading on digital coins,
but it will not be easy makes money with trading.

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: swogerino on June 03, 2017, 02:50:14 PM

There are examples why this is a perfect way to make money. In 2013 price spiked at 1100 dollars for a bitcoin, then it had ups and downs until late 2016 early 2017 where the price skyrocketed and reached an all time high of more than 2750 dollars for a bitcoin. If you had 10 bitcoins in 2013 they were worth then 11.000 dollars, if you have it right now with the actual price of 2500 dollars for a bitcoin you have 25000 dollars. That is a 14.000 dollars difference. Surely this is a good way to make money.

It is a good way to make money only if you have other sources of income. Otherwise, you would either get tons of debt or sell even when you're going to lose money. What I do is that I hold most of my bitcoins and then withdraw some of them as time pass by just so I can pay for daily expenses. There are also times when I do major purchases. I know it's not a good thing to do when your money is on bitcoins because you lose the opportunity to sell at a higher price. Oh well, that's just how it is.

Holding all of your bitcoins is kind of hard to do if you don't have other sources of money.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Angel777 on June 03, 2017, 09:46:06 AM

Yes its the best way of holding a bitcoin for saving money.In the bank if you save money theres an interest,but bitcoin multiplies your savings if bitcoin price is expensive.If you save bitcoin its like you are in trading business.Your money multiples.

That's the good thing in bitcoin, we can treat our profit as the price increases we are along with that pump. And the possible profit we can get from holding bitcoin is not limited because we can have a better amount when we keep on holding. The longer the more profit you'll get because as the day goes, many are adopting and investing to bitcoin that makes the price climb.

voltesbit777

sr. member

Activity: 910

Merit: 251

Quote from: Newcoins2020 on September 15, 2016, 04:15:11 AM

Quote from: Johann Sebastian Bach on September 09, 2016, 08:30:25 PM

Bitcoin is a great investment but even the best investments can lose money if your timing is wrong, if you bought when bitcoin was 1000+ then even now you are still in problems if you timed your exit right you secured a good profit, so while bitcoin is in my opinion the investment of the century, you still need to use your common sense.

True you have to have timing. Alot of people just think it's buying bitcoin and being braindead after that but you actually have to do some kind of effort to maximize profits. Be sure to buy when they are low and starting to go up this is when most profit will be made.

Indeed, bitcoin was a good assets and business investment too. So holding it is not a bad things to do, instead it is a good good choice to do due to its for the future for every believers of bitcoin community.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

There are examples why this is a perfect way to make money. In 2013 price spiked at 1100 dollars for a bitcoin, then it had ups and downs until late 2016 early 2017 where the price skyrocketed and reached an all time high of more than 2750 dollars for a bitcoin. If you had 10 bitcoins in 2013 they were worth then 11.000 dollars, if you have it right now with the actual price of 2500 dollars for a bitcoin you have 25000 dollars. That is a 14.000 dollars difference. Surely this is a good way to make money.

raven7886

legendary

Activity: 1512

Merit: 1041

Quote from: dimatu on May 30, 2017, 10:37:37 PM

Holding bitcoin has historically been a good way to make money, whether it still is I'm not sure but since I don't have any particularly useful skills my only strategy to make money is holding bitcoin and altcoins long term.

Yeah true I agree it is definitely a good way to make money. When you are looking into long term to achieve your goals it definitely works and with the increasing demand and the acceptance it is now clear to the world that the bitcoin have a great potential to make you rich enough. Honestly speaking it is too easy to be understand by even a lay man.

Viyamore

hero member

Activity: 658

Merit: 500

Quote from: Angel777 on June 03, 2017, 09:46:06 AM

Yes its the best way of holding a bitcoin for saving money.In the bank if you save money theres an interest,but bitcoin multiplies your savings if bitcoin price is expensive.If you save bitcoin its like you are in trading business.Your money multiples.

Ofcourse and that is the big difference .You are in control of your bitcoins anytime you can withdraw or spend it but if we talk about long term surr thing is we can make good amount on it if we have a much more bitcoins to stake in wallet.

Angel777

newbie

Activity: 56

Merit: 0

Yes its the best way of holding a bitcoin for saving money.In the bank if you save money theres an interest,but bitcoin multiplies your savings if bitcoin price is expensive.If you save bitcoin its like you are in trading business.Your money multiples.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Quote from: litaf on June 02, 2017, 07:39:50 PM

bitcoin has a lot of room to grow still. Holding bitcoin is definitely a smart choice to make. I think after Australia adopts bitcoins, other countries will soon follow suite and bitcoin adoption will soar globally giving rise to bitcoin prices.

I agree that bitcoin has a lot of potential and holding would definitely pay off in the future but I think we should hold 50% of the funds that we acquire and on the other hand we should spend 50% of the funds to contribute to the movement of the bitcoin. It will strengthen the network and indirectly the funds held by us.

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: Superways on June 02, 2017, 03:21:11 PM

Quote from: dimatu on May 30, 2017, 10:37:37 PM

Holding bitcoin has historically been a good way to make money, whether it still is I'm not sure but since I don't have any particularly useful skills my only strategy to make money is holding bitcoin and altcoins long term.

Making money with bitcoin holding for longer term is a good decision but I do not think that holding altcoin for longer term will benefit you as the base of altcoin is not stronger and anytime they can crash while bitcoin cannot crash because of its wide use. Try to invest in bitcoin for longer term.

That is why you need to always have an exit point. When you hold altcoins for a long time, doesn't mean that you're going to hold it forever. Always check for updates. Sometimes the developers of the coin have something more to offer under their sleeves. Another thing, you have to be content with your profits. Even if you hold the coin for a long time, if the market is dead, then it's just dead. Coins live off with hypes. When your coin don't get hyped, then that's just it. Sell your coins and move on to another coin to hold for a while.

In simpler terms, you don't have to settle with one coin. Move your investment to another even if you hold the coin for a long time yet you're just getting a small profit.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: litaf on June 02, 2017, 07:39:50 PM

bitcoin has a lot of room to grow still. Holding bitcoin is definitely a smart choice to make. I think after Australia adopts bitcoins, other countries will soon follow suite and bitcoin adoption will soar globally giving rise to bitcoin prices.

That is why holding bitcoin is the best right now because a lot of countries are in the line that just waiting for bitcoin to be adopted and after that adoptions then the price will get higher and higher and soon we will see a very expensive bitcoin which is the best for us holders for long term.

litaf

newbie

Activity: 51

Merit: 0

bitcoin has a lot of room to grow still. Holding bitcoin is definitely a smart choice to make. I think after Australia adopts bitcoins, other countries will soon follow suite and bitcoin adoption will soar globally giving rise to bitcoin prices.

Superways

hero member

Activity: 826

Merit: 502

Quote from: dimatu on May 30, 2017, 10:37:37 PM

Holding bitcoin has historically been a good way to make money, whether it still is I'm not sure but since I don't have any particularly useful skills my only strategy to make money is holding bitcoin and altcoins long term.

Making money with bitcoin holding for longer term is a good decision but I do not think that holding altcoin for longer term will benefit you as the base of altcoin is not stronger and anytime they can crash while bitcoin cannot crash because of its wide use. Try to invest in bitcoin for longer term.

GoodLuck2

sr. member

Activity: 630

Merit: 251

Quote from: ustradebitcoin on May 28, 2017, 07:51:07 PM

holding bitcoin a long period time that is the best way to make money.
i invested in bitcoin in november 2016 and never withdraw my coin untill now.

Wow that's great that you have invested money in bitcoin and have not withdraw until now, your money will very increase in future and it will be very beneficial because the price of bitcoin will be also very high in future and I also hold those bitcoin which i have earned through signature campaign because the price of bitcoin will be increase in future.

Topic: Is Holding Bitcoin a long time good way to make money? - page 46. (Read 368917 times)