Is Holding Bitcoin a long time good way to make money? - page 47.

Dudeperfect

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Quote from: Razzoel on June 02, 2017, 03:10:35 AM

Quote from: Dudeperfect on June 01, 2017, 04:49:30 AM

Quote from: Dontme on May 31, 2017, 06:35:10 AM

In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

Agree but to be honest when the panic selling wave comes in to the market picture, it is very difficult for an new investors to keep calm and stay with his holdings. It works like domino and thus price falls drastically. Ideally, if someone has bought bitcoins for the long term then he should not worry about short term market movements. I used to find myself in panic selling wave in first few weeks of my investing.

The best practice is to not look at the prices, which is hard to do. Seeing the price change is what makes us emotional. it takes a lot of patience to be able to hold an investment and not look at the price. Just remember that if everyone is selling, you should be looking to buy more at lower prices.

To be honest, when a person is emotionally prepared to face the situation then it really doesn't matter if he is regularly checking the prices or not. However, if the invested capital or the expected returns are associated with the living of the investor then it would be difficult for him to stay away from monitoring the situation.

Biggapp

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Quote from: jerowacik on June 02, 2017, 04:39:57 AM

Quote from: Dontme on May 31, 2017, 06:35:10 AM

In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

I agree with you . Doing bitcoin holding at this time can make us get a good profit. We all know that bitcoin prices will increase every day.
This is what we should use. Because in the future it is predicted that bitcoin prices will be fantastic.

yes you are right it is a very good idea to hold bitcoin in order to make a big profit because in two last year the price of bitcoin was very low and if somebody hold bitcoin from that time then imagine how much profit he would make at this time, and also in next coming years the price of bitcoin will pump.

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Quote from: Rizky Aditya on June 02, 2017, 04:52:05 AM

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.

yes you are right holding bitcoin for a long time is a good way to make money because the price of bitcoin is now increasing and will make a good profit for those who hold bitcoin, and i think holding bitcoin for a long time is better than investing your money in some other investing site because sometimes the investing sites are not legit.

It still is a good way of earning big money though you have to be rrally patient if you want to have bigger earnings. I think there are a few people who stuck to holding on to their btcs from 5 years ago and those who were that patient are reaping the rewards right now and may even be poised to earn a lot more if they hold for a longer time

Rizky Aditya

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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.

yes you are right holding bitcoin for a long time is a good way to make money because the price of bitcoin is now increasing and will make a good profit for those who hold bitcoin, and i think holding bitcoin for a long time is better than investing your money in some other investing site because sometimes the investing sites are not legit.

jerowacik

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Quote from: Dontme on May 31, 2017, 06:35:10 AM

In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

I agree with you . Doing bitcoin holding at this time can make us get a good profit. We all know that bitcoin prices will increase every day.
This is what we should use. Because in the future it is predicted that bitcoin prices will be fantastic.

Razzoel

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Quote from: Dudeperfect on June 01, 2017, 04:49:30 AM

Quote from: Dontme on May 31, 2017, 06:35:10 AM

In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

Agree but to be honest when the panic selling wave comes in to the market picture, it is very difficult for an new investors to keep calm and stay with his holdings. It works like domino and thus price falls drastically. Ideally, if someone has bought bitcoins for the long term then he should not worry about short term market movements. I used to find myself in panic selling wave in first few weeks of my investing.

The best practice is to not look at the prices, which is hard to do. Seeing the price change is what makes us emotional. it takes a lot of patience to be able to hold an investment and not look at the price. Just remember that if everyone is selling, you should be looking to buy more at lower prices.

Dudeperfect

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Quote from: Dontme on May 31, 2017, 06:35:10 AM

In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

Agree but to be honest when the panic selling wave comes in to the market picture, it is very difficult for an new investors to keep calm and stay with his holdings. It works like domino and thus price falls drastically. Ideally, if someone has bought bitcoins for the long term then he should not worry about short term market movements. I used to find myself in panic selling wave in first few weeks of my investing.

sunsilk

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Quote from: creativex on May 31, 2017, 01:39:41 AM

Quote from: sunsilk on May 30, 2017, 10:53:25 PM

Quote from: Coffee2015 on May 30, 2017, 09:51:23 PM

Holding BTC for long tine is a good way to make money.

I could say that my first BTC when it was 300 usd and I bought quite a lots when it was 600 usd. I still keep buying and it is very good now.
So I could really say that keeping it makes money.

I am looking for more now.

It is always a good way to make money if you are going to hold bitcoin for a long time.

As you wish, you keep on buying some the best thing to do is to hold your bitcoin and good thing that you are aware and keeps on buying.

I have enough bitcoin just for holding and I don't want to spend it or cash it out.

If bitcoin is an pure form of investment for you then its better to hold them for a long term without spending them at a moment as it will take away from you an opportunity of making higher profits so the best choice would be to keep on collecting bitcoins at regular intervals and keep them safe in wallet to make higher profits by selling them when the right time comes.

Yep I'm treating my bitcoins as solid form of investment and I'm believing on this type of strategy for holding it for a longer time.

I'm obviously amazed with those early adopters that hold their bitcoins up til now so I want to do the same thing.

I know this decision will bring me to a better life in the near future.

Dontme

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In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

giveen

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Quote from: agentx44 on May 30, 2017, 08:34:25 AM

It depends on the market movement of bitcoin. Nothing is certain in the market thus we can't say that for now. However, there is nothing wrong in risking investment for something that has a potential to gain more in future.

Obviously you will gain in the future no matter what , buying now expecting the price to boom in a day is impossible, with bitcoin there is even a chance of getting a loss in short period. In order to earn profit in short term you need to do extensive trading which can give you a loss also. Best thing to do currently is invest a part of your savings and forget for a year.

Xavofat

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Did you see that ludicrous display last night?

Sort of, but we're very lucky that some Bitcoin holders don't think this way, otherwise the copy-and-pasted Bitcoin copycat coins would be worth shitloads as well and everyone would be hoping for some sucker to buy it off them for more.

n0ne

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Quote from: creativex on May 31, 2017, 01:39:41 AM

Quote from: sunsilk on May 30, 2017, 10:53:25 PM

Quote from: Coffee2015 on May 30, 2017, 09:51:23 PM

Holding BTC for long tine is a good way to make money.

I could say that my first BTC when it was 300 usd and I bought quite a lots when it was 600 usd. I still keep buying and it is very good now.
So I could really say that keeping it makes money.

I am looking for more now.

It is always a good way to make money if you are going to hold bitcoin for a long time.

As you wish, you keep on buying some the best thing to do is to hold your bitcoin and good thing that you are aware and keeps on buying.

I have enough bitcoin just for holding and I don't want to spend it or cash it out.

If bitcoin is an pure form of investment for you then its better to hold them for a long term without spending them at a moment as it will take away from you an opportunity of making higher profits so the best choice would be to keep on collecting bitcoins at regular intervals and keep them safe in wallet to make higher profits by selling them when the right time comes.

Agreed, when bitcoin is given consideration as an investment one need to hold it long as much possible. At the same time the person needs to be in close observation of the price increase and decrease. Only then get the best profit selling at the right time, one should not hold without any scheduled plans. If done in such a way they in the name of holding misses the right time to sell at the peak price.

dmamigo

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Quote from: Fatanut on May 30, 2017, 10:34:32 PM

Quote from: Himanshu111 on May 30, 2017, 10:01:06 AM

Seeing the growth rates of previous years, holding a Bitcoin is a real great way to make money. Holding them for 3 to 4 years can increase your principal amount many times.

People always use the past to refer to the future. What if I told you that the past isn't always going to repeat itself in contrary to the saying "History repeats itself"? 3 to 4 years is a long time on the Internet. Technology grows fast. Maybe before 3-4 years, we already have a lightning network but it's implemented on a different coin. That will cause chaos to bitcoins since everyone will surely migrate to that coin. It's a good thing to the cryptocurrencies as a whole since the transaction fee and time will be resolved but it's chaos to bitcoins unless it's able to adopt the technology almost right away.

Absolutely its possible to see a new coin, but what if the new technology and fast transaction is implemented with Bitcoin. Can you imagine what a chaos can appear and how high the value is going to hit. But no one knows or is sure this is gonna happen or not, so currently one has to go with what is best in market at the very right moment.

But ya I agree that judging cryptocurrencies with past records won't help, it can indicate the potential, but it can never guarantee somebody the same rise.

creativex

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Quote from: sunsilk on May 30, 2017, 10:53:25 PM

Quote from: Coffee2015 on May 30, 2017, 09:51:23 PM

Holding BTC for long tine is a good way to make money.

I could say that my first BTC when it was 300 usd and I bought quite a lots when it was 600 usd. I still keep buying and it is very good now.
So I could really say that keeping it makes money.

I am looking for more now.

It is always a good way to make money if you are going to hold bitcoin for a long time.

As you wish, you keep on buying some the best thing to do is to hold your bitcoin and good thing that you are aware and keeps on buying.

I have enough bitcoin just for holding and I don't want to spend it or cash it out.

If bitcoin is an pure form of investment for you then its better to hold them for a long term without spending them at a moment as it will take away from you an opportunity of making higher profits so the best choice would be to keep on collecting bitcoins at regular intervals and keep them safe in wallet to make higher profits by selling them when the right time comes.

sunsilk

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Quote from: Coffee2015 on May 30, 2017, 09:51:23 PM

Holding BTC for long tine is a good way to make money.

I could say that my first BTC when it was 300 usd and I bought quite a lots when it was 600 usd. I still keep buying and it is very good now.
So I could really say that keeping it makes money.

I am looking for more now.

It is always a good way to make money if you are going to hold bitcoin for a long time.

As you wish, you keep on buying some the best thing to do is to hold your bitcoin and good thing that you are aware and keeps on buying.

I have enough bitcoin just for holding and I don't want to spend it or cash it out.

dimatu

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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.

Fatanut

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Quote from: Himanshu111 on May 30, 2017, 10:01:06 AM

Seeing the growth rates of previous years, holding a Bitcoin is a real great way to make money. Holding them for 3 to 4 years can increase your principal amount many times.

People always use the past to refer to the future. What if I told you that the past isn't always going to repeat itself in contrary to the saying "History repeats itself"? 3 to 4 years is a long time on the Internet. Technology grows fast. Maybe before 3-4 years, we already have a lightning network but it's implemented on a different coin. That will cause chaos to bitcoins since everyone will surely migrate to that coin. It's a good thing to the cryptocurrencies as a whole since the transaction fee and time will be resolved but it's chaos to bitcoins unless it's able to adopt the technology almost right away.

Coffee2015

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Holding BTC for long tine is a good way to make money.

I could say that my first BTC when it was 300 usd and I bought quite a lots when it was 600 usd. I still keep buying and it is very good now.
So I could really say that keeping it makes money.

I am looking for more now.

Renji Abarai

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Quote from: Cosbycoin on May 30, 2017, 06:55:13 PM

i agree with you about holding bitcoin for long time , i think that holding bitcoin for 2 or 3 years will be profitable because bitcoin price increasing too much faster and i hope bitcoin price will be $4000 in the next year so hold your bitcoin is much more better for our future.

Holding bitcoin for a long time really pays off. If you notice, if you bought early last year a bitcoin price at $400 dollar, it is already almost x5 in value today in just a year. How much more if you hold it in 3 - 5 years. Bitboin as a great growth this year and expected to grow upto $500,000 dollar in 2030's. Though it is very high projection but, who knows.

Japinat

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Quote from: Cosbycoin on May 30, 2017, 06:55:13 PM

Quote from: logicgate on May 30, 2017, 02:03:41 PM

Quote from: Himanshu111 on May 30, 2017, 10:01:06 AM

Seeing the growth rates of previous years, holding a Bitcoin is a real great way to make money. Holding them for 3 to 4 years can increase your principal amount many times.

yeah a lot of people holding their bitcoin for long time and you are right that its great way to make a big profit from bitcoin and people strongly believe in bitcoin price that bitcoin price increasing too much faster because people holding bitcoin for the future.

i agree with you about holding bitcoin for long time , i think that holding bitcoin for 2 or 3 years will be profitable because bitcoin price increasing too much faster and i hope bitcoin price will be $4000 in the next year so hold your bitcoin is much more better for our future.

Being optimistic will encourage us to hold more, $4,000 is very easy this year, we are halfway there with the current price and I don't think people will not be aggressive to buy more when they continue to hear good news about bitcoin. If Ethereum were able to have a good increase this year, I think bitcoin can surpass that success.

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