Topic: Is Holding Bitcoin a long time good way to make money? - page 61. (Read 368872 times)
If you are saving for future purposes then yes, holding a bitcoin for a long time is good for those waiting for the bitcoin to pump higher. But for those meticulous persons, especially those in trading they would always keep an eye on the fluctuation of Bitcoin. They would buy them once its value would go down and of course profit even a little sometimes. It actually is like saving in a bank but instead putting it in a bank and profit a little of interest some would invest it and put it in trading and keep it until it is needed and of course you would gain more than the interest in the bank.
Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time would be 3000$ to 5000$. Just be patience while waiting for the right time 
Wow, that is a nice prediction, let's see if it will really happen, would be very good! It's impossible to know with 100% sure something about Bitcoin, but if the last 2 years results could be applied for the next 2 years, we could see Bitcoin pricing about $2600-$3000 in 2019. I think $5000 is a bit exaggerated, a bit lower than that is very possible...
Holding bitcoin for a long time is a good way to make income because as you can see bitcoin now a days became more popular so the bitcoin value is affected by that if you hold the bitcoin for past few years you will have a large income. So holding bitcoin for a long time is a good way to make a large profit.
Yes, holding bitcoin for a longer time is going to be effective only if you don't rely your daily source of income with bitcoin. But if you are always hoping to get a good profit with bitcoin, how you can hold bitcoin if you need that source for spending on a daily basis. Make sure that before you hold, you had other source of income.
Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time would be 3000$ to 5000$. Just be patience while waiting for the right time
Wow, that is a nice prediction, let's see if it will really happen, would be very good! It's impossible to know with 100% sure something about Bitcoin, but if the last 2 years results could be applied for the next 2 years, we could see Bitcoin pricing about $2600-$3000 in 2019. I think $5000 is a bit exaggerated, a bit lower than that is very possible...
Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time would be 3000$ to 5000$. Just be patience while waiting for the right time
My humble opinion is that you could make more by trading bitcoin for other alt coins than holding bitcoin for long term. But you will have to get your timing right or else you could lose your bitcoin. For example, if you had bought ETH at a month or two with bitcoin and hold the ETH till now, then you would be sitting with a x2 to x4 times profit.
If you purely look at the gains, then holding Bitcoin won't gain you anything (as in seeing the number of coins you have grow). If you prefer to put your coins to work, then trading is the best possible option. I personally stick to BTC vs fiat pairs, but if you so wish, altcoins can gain you a decent profit as well. But the thing is, trading isn't an easy thing that everyone can jump into and start making profits right away. It requires market understanding if you stick to fiat trading, and a decent bit of luck if you're trading altcoins.
Holding bitcoin for a long time is a good way to make income because as you can see bitcoin now a days became more popular so the bitcoin value is affected by that if you hold the bitcoin for past few years you will have a large income. So holding bitcoin for a long time is a good way to make a large profit.
That's more on a gamble and it will only give you an income if the value will rise overtime, also it's necessary that you understand the risk that you are taking because blindly investing or holding bitcoin does not bring success. We know that bitcoin is getting bigger and bigger as time pass by but we also know it's not stable yet and market is manipulated by whales, just by being aware, we can always make a good decision at the right time. 
Holding bitcoin for a long time is a good way to make income because as you can see bitcoin now a days became more popular so the bitcoin value is affected by that if you hold the bitcoin for past few years you will have a large income. So holding bitcoin for a long time is a good way to make a large profit.
My humble opinion is that you could make more by trading bitcoin for other alt coins than holding bitcoin for long term. But you will have to get your timing right or else you could lose your bitcoin. For example, if you had bought ETH at a month or two with bitcoin and hold the ETH till now, then you would be sitting with a x2 to x4 times profit.
If you purely look at the gains, then holding Bitcoin won't gain you anything (as in seeing the number of coins you have grow). If you prefer to put your coins to work, then trading is the best possible option. I personally stick to BTC vs fiat pairs, but if you so wish, altcoins can gain you a decent profit as well. But the thing is, trading isn't an easy thing that everyone can jump into and start making profits right away. It requires market understanding if you stick to fiat trading, and a decent bit of luck if you're trading altcoins.
almost like gold holding bitcoin is a profitable investment because the predicted value will further increase annually just don't panic when its value fell even at the moment used to rebuy bitcoin because most likely the higher value will
but to achieve it we need great patience. sometimes bitcoin prices declined unexpectedly. like the last few days many people who do panic sell. whereas we just have to be patient, bitcoin prices increased again by itself.But, to be patient in trading when the price down continue is very annoying. So we are often be panic.
I agree that patience is a major factor for us to be success in trading with long-term.
Because without a patience we often will be loss than profit.
If you want to make profits with only holding then make sure that you have higher amount of bitcoins in your wallet as you cannot make huge profits with small amount and if you are not satisfied with your volume of coins then better use them in trading to multiply them in the best possible way.
almost like gold holding bitcoin is a profitable investment because the predicted value will further increase annually just don't panic when its value fell even at the moment used to rebuy bitcoin because most likely the higher value will
but to achieve it we need great patience. sometimes bitcoin prices declined unexpectedly. like the last few days many people who do panic sell. whereas we just have to be patient, bitcoin prices increased again by itself.But, to be patient in trading when the price down continue is very annoying. So we are often be panic.
I agree that patience is a major factor for us to be success in trading with long-term.
Because without a patience we often will be loss than profit.
If you want to make profits with only holding then make sure that you have higher amount of bitcoins in your wallet as you cannot make huge profits with small amount and if you are not satisfied with your volume of coins then better use them in trading to multiply them in the best possible way.
almost like gold holding bitcoin is a profitable investment because the predicted value will further increase annually just don't panic when its value fell even at the moment used to rebuy bitcoin because most likely the higher value will
but to achieve it we need great patience. sometimes bitcoin prices declined unexpectedly. like the last few days many people who do panic sell. whereas we just have to be patient, bitcoin prices increased again by itself.But, to be patient in trading when the price down continue is very annoying. So we are often be panic.
I agree that patience is a major factor for us to be success in trading with long-term.
Because without a patience we often will be loss than profit.
almost like gold holding bitcoin is a profitable investment because the predicted value will further increase annually just don't panic when its value fell even at the moment used to rebuy bitcoin because most likely the higher value will
but to achieve it we need great patience. sometimes bitcoin prices declined unexpectedly. like the last few days many people who do panic sell. whereas we just have to be patient, bitcoin prices increased again by itself.But, to be patient in trading when the price down continue is very annoying. So we are often be panic.
I agree that patience is a major factor for us to be success in trading with long-term.
Because without a patience we often will be loss than profit.
My humble opinion is that you could make more by trading bitcoin for other alt coins than holding bitcoin for long term. But you will have to get your timing right or else you could lose your bitcoin. For example, if you had bought ETH at a month or two with bitcoin and hold the ETH till now, then you would be sitting with a x2 to x4 times profit.
I don't think ETF don't affect the price of bitcoins because all i see is a big drop of bitcoins price on rejection of ETF but in any way bitcoins will go again and continue soon to rise with or without ETF . So you do trade and it is good as of now because most of the altcoins are being pump for the mean time . So both is good as we hold some BTC to wait and some amount to invest in trade.
After the decision that ETH was disapproved was announced, there was no sudden big drop in the price of bitcoin. What caused this huge drop in the bitcoin price is the Bitcoin unlimited thing, AKA the hard fork drama. But right now, we're starting to get back on track because there's no actual market for the BCU tokens at all. The whole thing was just created by FUD, panic sellers, wannabe early investors and so on.
Now the price of BCU is starting to go down, because you know. Not everyone's interested at all. I pity those people that announced how many thousand dollars they invested for BCU.
When it comes to long term profitable investment. it should not be your entire sum of savings because bitcoin is Volatile and when it comes to entire chunk of savings panic kicks in. If the market is crashing even temporarily we sell, incurring losses which we regret once the price rises again. Hence it's advised time and again to invest what you can afford to lose.
If you're gonna take my word for it, I suggest that you invest for a limited fixed time 5 years, 10 years, etc and withdraw your principal. Halving occurs ~every 4 years so you should see more unstable and usually high prices then. You can withdraw your principal once profit is sufficiently high
If you're gonna take my word for it, I suggest that you invest for a limited fixed time 5 years, 10 years, etc and withdraw your principal. Halving occurs ~every 4 years so you should see more unstable and usually high prices then. You can withdraw your principal once profit is sufficiently high
almost like gold holding bitcoin is a profitable investment because the predicted value will further increase annually just don't panic when its value fell even at the moment used to rebuy bitcoin because most likely the higher value will
but to achieve it we need great patience. sometimes bitcoin prices declined unexpectedly. like the last few days many people who do panic sell. whereas we just have to be patient, bitcoin prices increased again by itself.
I was late to the bitcoin users list. Even now I don't feel this to be late to get a better profit out of it. Early adopters made a big earning through bitcoin and now I too believe that working hard and smart with bitcoin will help us make money as the earning access of bitcoin is increasing.
Just because you joined bitcoin now, it doesn't mean that you can't make profit out of it. Just wait for any price drop and then buy bitcoins and keep them for year or more, sell at larger price and you get profit. This way will give you profit, but problem is that this way is very slow, so i think it is better to use other ways to earn more bitcoins/money, as they are faster ( such as trading)
I agree but he need to learn how to trade first else if he tried to trade without knowing the basic then there is a big possibility the outcome will not awesome or a probable loss. Getting profit in trading is easier said than done. If he has skill, he can offer it and earn or have profit in BTC. That is safer than jumping into trades without having a knowledge or skill to do so.
I was late to the bitcoin users list. Even now I don't feel this to be late to get a better profit out of it. Early adopters made a big earning through bitcoin and now I too believe that working hard and smart with bitcoin will help us make money as the earning access of bitcoin is increasing.
Just because you joined bitcoin now, it doesn't mean that you can't make profit out of it. Just wait for any price drop and then buy bitcoins and keep them for year or more, sell at larger price and you get profit. This way will give you profit, but problem is that this way is very slow, so i think it is better to use other ways to earn more bitcoins/money, as they are faster ( such as trading)
I agree but he need to learn how to trade first else if he tried to trade without knowing the basic then there is a big possibility the outcome will not awesome or a probable loss. Getting profit in trading is easier said than done. If he has skill, he can offer it and earn or have profit in BTC. That is safer than jumping into trades without having a knowledge or skill to do so.
I was late to the bitcoin users list. Even now I don't feel this to be late to get a better profit out of it. Early adopters made a big earning through bitcoin and now I too believe that working hard and smart with bitcoin will help us make money as the earning access of bitcoin is increasing.
Just because you joined bitcoin now, it doesn't mean that you can't make profit out of it. Just wait for any price drop and then buy bitcoins and keep them for year or more, sell at larger price and you get profit. This way will give you profit, but problem is that this way is very slow, so i think it is better to use other ways to earn more bitcoins/money, as they are faster ( such as trading)
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