Topic: Is Holding Bitcoin a long time good way to make money? - page 63. (Read 368919 times)

Making a profit from long term saving in bitcoin proves to be dissipating every day since the price goes between up and down really quickly, saving long time proved to be good for people who invested in bitcoin a long time ago, right now short term is the best at making profit.

The price will continue to go up, but the main thing is that the higher the price is, the more it takes for the price to move forward. In short, the returns that early adopters have managed to realize, will not be realized in current times anymore, unless the price happens to rocket up to insanely high price levels that grant you a growth of x10-20 from current levels. I personally prefer to remain more conservative and focus on reaching $2000 first. This already will form a massive challenge with scaling debates still not being settled.

Gold can never be earned and you have to put your real money into it if you want gold in your wallet but bitcoin can be earned in many ways so even if you don't have capital to invest in buying bitcoins you can still hope of holding bitcoins in your wallet by earning in different ways depending on your skills.

True, same thinking i have, bitcoin is better for everyone who don't know about gold. Everyone could make money from bitcoin only use the sense, but in gold it is difficult to handle for everyone. Also we could manege in our small capital with bitcoin, but in gold we need enough capital. That 's why i prefer to bitcoin into gold. 

It's better than gold actually because you can hold a small volume of bitcoins and expect to make a substantial income in the future. Gold never gave you
that opportunity as it requires a big amount of investment in order to avail if for yourself. With bitcoin if you feel bored of just holding, you can simply
trade a certain portion of what you have and you will have a chance to grow your volume as the value increases.

If anyone wants to achieve something, he/she needs patience. So that's why holding of bitcoins are good way to make money. It has it's side affect, that patience because bitcoin's price is very changeable and with regular trading it's not difficuly yo achieve even more profit than from holding them.

I agree, we can look back at the history of Bitcoin.  Those who bought at less than a dollar and hold had been a millionaire when price of Bitcoin goes up 100,000% + times.  And considering Bitcoin market is still young, adoption is still young and market has not been saturated, we really can be sure that Bitcoin will go up in the future.  So holding it till that time come will certainly give us a good 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.

Yes, holding bitcoin is always best option or atleast for this situation it is a good choice to hold the btc. Just check the price of last year by this time it was somewhere 450 but now the price if it is 990 in a year so you can understand how well the btc has progressed in the market.
my advice to all the people who has this doubt holding is nothing but a best way of investment in the btc. so try to hold to get the best benefit on the future.

Yes, holding bitcoin is always best option or atleast for this situation it is a good choice to hold the btc. Just check the price of last year by this time it was somewhere 450 but now the price if it is 990 in a year so you can understand how well the btc has progressed in the market.
my advice to all the people who has this doubt holding is nothing but a best way of investment in the btc. so try to hold to get the best benefit on the future.

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

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?

It is good when you bough bitcoin when the price is in crisis since im ding this yearly i always keep on eye on the bitcoin graph to know when to buy bitcoin and to know when to hold them for long always keep on update to exchanger website cause anytime price can be change instantly.

That's the main thing that you should do, regardless of the amount you invested you have to understand that the price of bitcoin does not only move in your favor, sometimes there is a dump because of some serious possible reason, however this would not last and believe in that.

Believing is very important as well but it should be properly supported with relevant information as we are investing based on our belief on information that we read in about the entire market of bitcoin.

That's the main thing that you should do, regardless of the amount you invested you have to understand that the price of bitcoin does not only move in your favor, sometimes there is a dump because of some serious possible reason, however this would not last and believe in that.

Believing is very important as well but it should be properly supported with relevant information as we are investing based on our belief on information that we read in about the entire market of bitcoin.

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.