Topic: Is Holding Bitcoin a long time good way to make money? - page 71. (Read 368872 times)

That is not difficult if you know what you are doing, the price is back but real news inside, you have to know if that news gives a development or that is against bitcoin's progress then make a decision. Timing is very important because we are trading, the price fluctuates much and it gives opportunity to those skilled trader. It could be hard at the beginning but we can learn it if we will pursue.

I see, Holding bitcoin for long term is really a good way to make bitcoin,  because the price of the bitcoin tend to rise each year. But it should have enough capital so that its advantages felt. If only got 0.5 BTC and we hold for a year that's just a waste of time. 

Yes, of course, but I also think that selling Bitcoin on the right time is difficult
because the price is always staggering. I hope the bitcoin will grow a lot by holding long time
so it will be very profitable.

i agree with you that holding bitcoin for long term is really a good way for make a big profit and you are right that bitcoin increasing its price too much faster and bitcoin going to higher each year so long term investment is really profitable. 

You have to manage it well to grow your bitcoins, it is actually easy to grow the value that growing the volume of bitcoins you have. Trading is a good venture but without decent knowledge you would not be able to succeed, just be careful in trading and be clever all the time. There is a need of proper analyses as not everything you read and hear are real, it could be a wrong information feed to you to make a bad decision.

Seeing it today on how it moves, I don't think that bitcoin can move to double its price.But if you are going to keep on holding for so many years, the chances of getting profit with it is very possible. There are times that I did became skeptic about holding for a longer time and when I saw that it was effective, I pursue my plan with it.

We should not worry about bitcoin. Just be honest, beside the price of bitcoin that tend to up, bitcoin is really usefull and more practical than other payment methods. So I am sure that holding bitcoin is always profitable.

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I think yes it is as long you hold your money you can make more, You have to look at the price when will it go down and when will it goes up . Maybe i should say its depended on your luck.

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?

well, you are totally right. I don't know about the holding but using bitcoin is very profitable for those who always use bitcoin, use it in trading, in investment and in their project. basically I mean use bitcoin to increase bitcoin. you can hold one bitcoin and hold for years to price increase and you can make 10 btc with that 1 bitcoin in one year. no choice is yours.

We should not worry about bitcoin. Just be honest, beside the price of bitcoin that tend to up, bitcoin is really usefull and more practical than other payment methods. So I am sure that holding bitcoin is always profitable.

You are right this is bitcoin's year as you could tell by the price it had this. I still think it is worth purchasing bitcoin at this price because my predictions for this year is bitcoin can easilu reach 1500$++ by the end of this year or maybe $2000+ if china government doesn't interfere as they have been doing.
And also the original post you did tell that that you bought at 200$ and you can see the price now so I think you can see the potential of it and selling it just because you in profit is not recommended unless you need it for an emergency.

It needs time and patience for a long term investments but worth the risk. It's already proven on this years that holding your bitcoin will give you a huge profit. Congratulations for those who hold their bitcoins for a long time, we don't know that this is just the beginning of Bitcoin's Year. It's not too late to buy some bitcoins and hold for a long time and sell it at the right time.

I see, Holding bitcoin for long term is really a good way to make bitcoin,  because the price of the bitcoin tend to rise each year. But it should have enough capital so that its advantages felt. If only got 0.5 BTC and we hold for a year that's just a waste of time. 

It needs time and patience for a long term investments but worth the risk. It's already proven on this years that holding your bitcoin will give you a huge profit. Congratulations for those who hold their bitcoins for a long time, we don't know that this is just the beginning of Bitcoin's Year. It's not too late to buy some bitcoins and hold for a long time and sell it at the right time.

I see, Holding bitcoin for long term is really a good way to make bitcoin,  because the price of the bitcoin tend to rise each year. But it should have enough capital so that its advantages felt. If only got 0.5 BTC and we hold for a year that's just a waste of time. 

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.

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

i agree with you bitcoin will be never fall its price and you are right that bitcoin price will be rise to $1500 in coming few months so it really good time to buy bitcoin and then hold it for long time and i am sure you will be make a good profit in the future.