Topic: Is Holding Bitcoin a long time good way to make money? - page 70. (Read 368872 times)
I would say hold on to your BTC. you will never know what the price will be in the next couple of years. Seeing how it went up to $1000, compared to summer of 2016, it already proves the theory that BTC is good long term investment.
maybe... But btc is famous because of its wavy motions. If you just hold your btcs doing nothing, you may not gain enough. Its better to try some exchanges / trades etc
Why he will not get anything if he will not do any thing with them. You can see that from the last year the price of bitcoin is tripled up so all of those who have kept their bitcoin doing nothing on their wallet then they have got a good profit from that investment.buy when cheap prices and sell when it is expensive. It'll make us earn a bigger profit than not doing anything
People always lured with that way but failed in the end.
For me making money by investing long term in bitcoin always be a good idea rather than any other way & investment, why? Simply i am risk taker and i believe in bitcoin!
What you said is true, everyone talks about profit from trading but no one tells about the risk of loss in trading also, their are so many users who are in big loss due to trading in altcoin without knowing about the coin features and get scammed by scam coins,
That is why if you are earning other income then save from that and buy bitcoins and keep for long term apart from that you can earn bitcoins through this forum buy doing lot of task.
Trading required experience and skills to analyze the market and some news that could affceted.
And for those people who is too busy to just learn and looking for an experience , the best choice to make money in the long run always an investment business.
For me you won't earn that much profit if you are just going to hold bitcoin for a long time then sell it after a year or so. If you will put that on some kind of investment like a business or do trading, yiu can earn more btc than just holding it for a long time. Although there are some risks but it is up to you if you will take it. As they say no pain no gain. If you are afraid that you can lost your btc when you invested it then it is better to just hold it.
For people who are having a job daily or maintaining their own business it can tough to keep tabs on market and declare sell orders or buy orders every now and then. For them holding for long is the better method if they dont want to compromise their other work
Again I agree daily trading is more profitable, but then big dips are common and if such things happen we have to wait for the prices to rise again before resuming trading - since you never know what was the real cause of the dip - it may be hacking of some big company which is not uncommon and happened with many.
For me you won't earn that much profit if you are just going to hold bitcoin for a long time then sell it after a year or so. If you will put that on some kind of investment like a business or do trading, yiu can earn more btc than just holding it for a long time. Although there are some risks but it is up to you if you will take it. As they say no pain no gain. If you are afraid that you can lost your btc when you invested it then it is better to just hold it.
Holding or putting money is itself an Investment. And holding obviously will grow your money, but yes the timing to release your holdings depends on your profit. The of BTC nearly few months ago was $650-750 and now it is going around for $900-1100. But yes ofcourse it doesn't guarantees great profit if you hold your BTC. So investing somewhere else might get you bigger profits. But BTC is currently a great positive Investment Option. Personally for me its good to hold BTC.
maybe... But btc is famous because of its wavy motions. If you just hold your btcs doing nothing, you may not gain enough. Its better to try some exchanges / trades etc
Why he will not get anything if he will not do any thing with them. You can see that from the last year the price of bitcoin is tripled up so all of those who have kept their bitcoin doing nothing on their wallet then they have got a good profit from that investment.buy when cheap prices and sell when it is expensive. It'll make us earn a bigger profit than not doing anything
People always lured with that way but failed in the end.
For me making money by investing long term in bitcoin always be a good idea rather than any other way & investment, why? Simply i am risk taker and i believe in bitcoin!
What you said is true, everyone talks about profit from trading but no one tells about the risk of loss in trading also, their are so many users who are in big loss due to trading in altcoin without knowing about the coin features and get scammed by scam coins,
That is why if you are earning other income then save from that and buy bitcoins and keep for long term apart from that you can earn bitcoins through this forum buy doing lot of task.
Trading required experience and skills to analyze the market and some news that could affceted.
And for those people who is too busy to just learn and looking for an experience , the best choice to make money in the long run always an investment business.
For me you won't earn that much profit if you are just going to hold bitcoin for a long time then sell it after a year or so. If you will put that on some kind of investment like a business or do trading, yiu can earn more btc than just holding it for a long time. Although there are some risks but it is up to you if you will take it. As they say no pain no gain. If you are afraid that you can lost your btc when you invested it then it is better to just hold it.
We have many examples of people who bought bitcoin when it has price like 2$ and they are millionares now, but bitcoin costed like that more than 5 years ago.
Not exactly correct since the people who did buy at less than 10$ per bitcoin did sell all their coins when prices touched around 100-200$. Then they bought again and again sold them at rise of 100-200 units. This cycle is continuing even today. No one has that much patience that they held their coins for 7 years.
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So I think for the perspective about bitcoin we have to base exactly on this time, five years. I already began to put on side some percent of my monthly bitcoins for the future.
This is a correct idea. The idea that many people are following. Many of us are putting small amount of savings into bitcoin assets every month. That way our total stock of bitcoin increases and we can sell them when we want to make profits.
We have many examples of people who bought bitcoin when it has price like 2$ and they are millionares now, but bitcoin costed like that more than 5 years ago. So I think for the perspective about bitcoin we have to base exactly on this time, five years. I already began to put on side some percent of my monthly bitcoins for the future.
Those were the lucky people who bought at that low price but those days will never come back again and if bitcoin falls that low then it would be definitely end of bitcoins, but even if you buy now and manage to hold for next 5 years then still you can make good profits as price will be surely higher after 5 years.
We have many examples of people who bought bitcoin when it has price like 2$ and they are millionares now, but bitcoin costed like that more than 5 years ago. So I think for the perspective about bitcoin we have to base exactly on this time, five years. I already began to put on side some percent of my monthly bitcoins for the future.
Something worth considering in holding Bitcoin for a long time is that this technology is still maturing and a whole lots of things might be thrown over board before getting there, so the safer side is to not start seeing it as buy and forget, till whenever scheme. Profits are also possible along the way and over time, those add up, except necessary skills and money management is lacking.
I agree with you point - it is still considered that bitcoin is in a beta stage even today after several years and should be handled with caution. But then many people have accepted it and its prices are rising. This shows that people are willing to invest in it and the miners are thus dumping more and more according to the demands.
Again traders are the ones who are making the economy worth investing in.
maybe... But btc is famous because of its wavy motions. If you just hold your btcs doing nothing, you may not gain enough. Its better to try some exchanges / trades etc
Technically what you are saying is wrong. If you currently see the price it has increased from 700$ to 1000$ in just 1-2 months. So you still think that in the future the price won't go up??I would recommend all the people who currently have btc to hold it and not sell it because it has lot's of potential in the coming months.
We can also consider several funds coming in to bitcoin for the increase in price. Like what is scheduled next month, the decision about the ETF, I hope it is approved so that Bitcoin will have another batch of fresh funds to come in.
The ETF once approved can turn out to be a trigger of another rally where it might push the price past the all time high. However, it can also initiate a dump as certain traders might get disappointed in case the ETF doesn't get approved. I like to keep all situations wide open where I have different plans for each possible outcome. Also worth mentioning is that the Winklevoss isn't the only Bitcoin ETF that we will hear about this year. It's a great tool to attract professional money from institutions in the long term. Growth, growth and even more growth if these ETFs turn out to become reality.
I agree not only it will bring fund from the approved ETF, but it will also boost the confidence and trust of people to Bitcoin. We can really expect a rally of Bitcoin here because funds from private investors that was in doubt this previous years will change its POV towards BTC and invest.
maybe... But btc is famous because of its wavy motions. If you just hold your btcs doing nothing, you may not gain enough. Its better to try some exchanges / trades etc
Technically what you are saying is wrong. If you currently see the price it has increased from 700$ to 1000$ in just 1-2 months. So you still think that in the future the price won't go up??I would recommend all the people who currently have btc to hold it and not sell it because it has lot's of potential in the coming months.
We can also consider several funds coming in to bitcoin for the increase in price. Like what is scheduled next month, the decision about the ETF, I hope it is approved so that Bitcoin will have another batch of fresh funds to come in.
The ETF once approved can turn out to be a trigger of another rally where it might push the price past the all time high. However, it can also initiate a dump as certain traders might get disappointed in case the ETF doesn't get approved. I like to keep all situations wide open where I have different plans for each possible outcome. Also worth mentioning is that the Winklevoss isn't the only Bitcoin ETF that we will hear about this year. It's a great tool to attract professional money from institutions in the long term. Growth, growth and even more growth if these ETFs turn out to become reality.
maybe... But btc is famous because of its wavy motions. If you just hold your btcs doing nothing, you may not gain enough. Its better to try some exchanges / trades etc
Technically what you are saying is wrong. If you currently see the price it has increased from 700$ to 1000$ in just 1-2 months. So you still think that in the future the price won't go up??I would recommend all the people who currently have btc to hold it and not sell it because it has lot's of potential in the coming months.
We can also consider several funds coming in to bitcoin for the increase in price. Like what is scheduled next month, the decision about the ETF, I hope it is approved so that Bitcoin will have another batch of fresh funds to come in.
maybe... But btc is famous because of its wavy motions. If you just hold your btcs doing nothing, you may not gain enough. Its better to try some exchanges / trades etc
Technically what you are saying is wrong. If you currently see the price it has increased from 700$ to 1000$ in just 1-2 months. So you still think that in the future the price won't go up??I would recommend all the people who currently have btc to hold it and not sell it because it has lot's of potential in the coming months.
Aside from that Bitcoin is destined to deflate, meaning it will have less number of coins in the future because some might lost their private key to access Bitcoin. Other might fail to retrieve the private key and then forgot their password. So with this Bitcoin is getting rarer and rarer by day making its price increase.
maybe... But btc is famous because of its wavy motions. If you just hold your btcs doing nothing, you may not gain enough. Its better to try some exchanges / trades etc
Technically what you are saying is wrong. If you currently see the price it has increased from 700$ to 1000$ in just 1-2 months. So you still think that in the future the price won't go up??I would recommend all the people who currently have btc to hold it and not sell it because it has lot's of potential in the coming months.
I think it's good way for Beginner's who dont know about trading or other earning method. And this is also not riskfree because none can assure that bitcoin price will only rise, it could be go down also.
i think it is also good for those people who do not have any experience in short term investment. in current time the price of bitcoin is trading above 1000 $ therefore long term investment is a safe investment as compare to short term investment. because in short term investment there is more chance that the price of bitcoin will decrease and you can lose some bitcoin. while in long term investment we ae pretty sure that after some downfall the price of bitcoin will start raising again. I think it's good way for Beginner's who dont know about trading or other earning method. And this is also not riskfree because none can assure that bitcoin price will only rise, it could be go down also.
i think it is also good for those people who do not have any experience in short term investment. in current time the price of bitcoin is trading above 1000 $ therefore long term investment is a safe investment as compare to short term investment. because in short term investment there is more chance that the price of bitcoin will decrease and you can lose some bitcoin. while in long term investment we ae pretty sure that after some downfall the price of bitcoin will start raising again. 
Something worth considering in holding Bitcoin for a long time is that this technology is still maturing and a whole lots of things might be thrown over board before getting there, so the safer side is to not start seeing it as buy and forget, till whenever scheme. Profits are also possible along the way and over time, those add up, except necessary skills and money management is lacking.
certainly it is, holding bitcoin is one of the best investment decision you can take but it has to be for long time. If you are trying to make quick profit, try trading instead which may fetch you some quick and good amount of profit. However, if you can just hold your bitcoins for another 3-5 years nnd also keep accumulating in the meantime, It can make your rich for sure.
I had accumulated a decent amount of bitcoin when the price was standing at $450. So you can easily understand that how much profit I have made just by holding my bitcoin idle. So the answer is Yes, you can make a good amount of money by just holding bitcoin for long term.
I had accumulated a decent amount of bitcoin when the price was standing at $450. So you can easily understand that how much profit I have made just by holding my bitcoin idle. So the answer is Yes, you can make a good amount of money by just holding bitcoin for long term.
i have been researching for that answer for a while now .. and i believe its all about the bitcoin price in the market .. sometimes it goes up and sometimes down .. u just have to be in the right moment to make that profit
yes i also agree with you that long term investment is a good idea. the price of bitcoin is now trading above 1000 USD and we can see that there is a lot of fluctuation in the price of bitcoin any time the price of bitcoin can increase and any time can drop therefore i think the best idea is to hold bitcoin for long term and secure a good profit after some time. 
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