Is Holding Bitcoin a long time good way to make money? - page 81.

diegz

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Quote from: dihari on January 05, 2017, 01:30:47 AM

I think it's a good way if you have big enough money in bank account and convert it to bitcoin to keep it for long time. You can see how bitcoin price make stairs graphics on charts this year.
But if your money is not big enough, better make an account in an exchanger and be a short time trader. That's also legit way to make money.

If you have no plan for your money, even if it is small, better save it in bitcoin it's good for a long term since you won't be earning big with it in short time. Whether you short in trading or you go long term in keeping, it is the best, since time it self is helping bitcoin to increase its price.

Telepo

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There is no doubt about the increase of bitcoin. it hits over 1,100 just some first days of new year of 2017.
I will hold bitcoin for at least 3 months before I can sell it for 50% profit. That is interesting year of bitcoin.

cramcram21

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Well I think it is specially now that it's price keeps on getting high I really think that holding it for a long time is a good way to make money,
And also it is way more better if you are planning to invest it in some HYIP or some PONZI scheme site's where in the end you will just lost it all cause it's just a scam

King Sastro

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Yes, no need to ask again, the price of the bitcoin-very unusual. It seems the uptrend will continue and to achieve a price of $3.000 seems like just takes not more than 3 months

dihari

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I think it's a good way if you have big enough money in bank account and convert it to bitcoin to keep it for long time. You can see how bitcoin price make stairs graphics on charts this year.
But if your money is not big enough, better make an account in an exchanger and be a short time trader. That's also legit way to make money.

RealPhotoshoper

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Quote from: klf on January 05, 2017, 12:51:39 AM

Quote from: JeffBrad12 on January 04, 2017, 11:12:54 PM

Quote from: richardsNY on January 04, 2017, 05:29:04 PM

Quote from: Best_Exchange on January 04, 2017, 12:06:28 PM

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

The amounts basically don't really matter if you are long term minded. Everything that is being seen as a low amount today can turn into a serious amount after 3 or 4 years. Just look at early January 2015 where the price went below $200 shortly. If you bought just 1 BTC back then, you'd be sitting at a profit of $900 right now. In this case the $200 investment is the small amount.

Nope, Waiting for some years just for a little amount. That's not worthy.

Quote

In this case the $200 investment is the small amount.

Because small and that's nonsense just put a little if bitcoin had had a lot of the potentially.

In this time we don't encourage about the bubble.

We can not take a decision like this in bitcoin. Because who knows in 2017 the price will cross 1000$ how can we predict bitcoin price right. And yes investing some money and waiting for years to make a nice profit is not worth. Especially investing in bitcoin is too risky. We can not predict the tomorrow bitcoin price it may go up or come down.

No i don't think so , invest money in bitcoin really worth as the risk more than the return that you could receive.
Indeed you don't know what will happened , but well there is no free risk and it is the risk that you have to take.
Storing bitcoin for long time always worth , so take that risk or get nothing.

akasma

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Maybe, You are right. Bitcoin had surpassed over 1,100$ yesterday and increase signal is still on the way.
if you have more money Do you cointinue to buy more bitcoins for holding for long time?
it is very difficult to answer this question.

klf

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Quote from: JeffBrad12 on January 04, 2017, 11:12:54 PM

Quote from: richardsNY on January 04, 2017, 05:29:04 PM

Quote from: Best_Exchange on January 04, 2017, 12:06:28 PM

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

The amounts basically don't really matter if you are long term minded. Everything that is being seen as a low amount today can turn into a serious amount after 3 or 4 years. Just look at early January 2015 where the price went below $200 shortly. If you bought just 1 BTC back then, you'd be sitting at a profit of $900 right now. In this case the $200 investment is the small amount.

Nope, Waiting for some years just for a little amount. That's not worthy.

Quote

In this case the $200 investment is the small amount.

Because small and that's nonsense just put a little if bitcoin had had a lot of the potentially.

In this time we don't encourage about the bubble.

We can not take a decision like this in bitcoin. Because who knows in 2017 the price will cross 1000$ how can we predict bitcoin price right. And yes investing some money and waiting for years to make a nice profit is not worth. Especially investing in bitcoin is too risky. We can not predict the tomorrow bitcoin price it may go up or come down.

JeffBrad12

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Quote from: richardsNY on January 04, 2017, 05:29:04 PM

Quote from: Best_Exchange on January 04, 2017, 12:06:28 PM

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

The amounts basically don't really matter if you are long term minded. Everything that is being seen as a low amount today can turn into a serious amount after 3 or 4 years. Just look at early January 2015 where the price went below $200 shortly. If you bought just 1 BTC back then, you'd be sitting at a profit of $900 right now. In this case the $200 investment is the small amount.

Nope, Waiting for some years just for a little amount. That's not worthy.

Quote

In this case the $200 investment is the small amount.

Because small and that's nonsense just put a little if bitcoin had had a lot of the potentially.

In this time we don't encourage about the bubble.

Ocytrem

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With long term holdings you can make a lot of money, and I mean a lot of money with some luck you double your money easily after a while.

Qartersa

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Quote from: mrcash02 on January 04, 2017, 04:43:13 PM

Quote from: Qartersa on January 04, 2017, 02:23:43 PM

Quote from: hubballi on January 04, 2017, 11:41:47 AM

Quote from: Qartersa on January 04, 2017, 07:46:47 AM

Quote from: Cactushrt on January 04, 2017, 06:24:33 AM

Quote from: pinoycash on January 04, 2017, 05:27:05 AM

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

Governments will try to create their own digital currency that would match the usability of bitcoins and in the end it will probably pace-out bitcoins too. Nothing lasts forever. So holding your bitcoins will up only up until a certain price level and without any threats of a something that might replace it. But if the price level is reached and a mass of bitcoin holders suddenly sells expect also a drop in prices. In my previous statement, I am no talking about those shitty other coins that try to imitate, mimic or produce an "improved version" of bitcoins. I am talking about something the governments will create to replace fiat currency.

If governments create their own Crypto Currencies it will be like virtual local currency transactions. Because it won't be decentralized like Crypto Currrencies, just another currency controlled by the government. I don't see any problem if they want to create their own currency, the problem is if they stop allowing people to use Bitcoins and another Crypto Currencies. If we can use any currency we want, no problem at all.

Generally if the people's minds and views are swayed away from bitcoins, then the prices will remain the same or even drop. If people don't see any benefit in the currency then probably people would just leave it and forget about it. And if that happens then the prices will plummet similar to altcoins that have been forgotten because it was held to be useless.

Gliassa

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Yes its a good method and you can make a lot of money with it, right now a lot of people made some big bucks with the bitcoin as you can see the price above the 1000 dollars.

chairul.muttaqin

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Quote from: ethereumhunter on January 04, 2017, 07:09:03 PM

Quote from: Best_Exchange on January 04, 2017, 12:06:28 PM

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

yep and its good to hold them until we decide to sell our bitcoin to make profit. but if we want to wait for another high price then holding bitcoin for more is a good way especially we know that the price of bitcoin will be higher than now so we only wait for another moment to see the high price.

If the price of bitcoin still increase you will get any profit but at this time i think the price of bitcoin on higher level and very hard to growing up until few hundred dollars again from this point now ( around 1100 dollars)

ethereumhunter

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Quote from: Best_Exchange on January 04, 2017, 12:06:28 PM

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

yep and its good to hold them until we decide to sell our bitcoin to make profit. but if we want to wait for another high price then holding bitcoin for more is a good way especially we know that the price of bitcoin will be higher than now so we only wait for another moment to see the high price.

richardsNY

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Quote from: Best_Exchange on January 04, 2017, 12:06:28 PM

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

The amounts basically don't really matter if you are long term minded. Everything that is being seen as a low amount today can turn into a serious amount after 3 or 4 years. Just look at early January 2015 where the price went below $200 shortly. If you bought just 1 BTC back then, you'd be sitting at a profit of $900 right now. In this case the $200 investment is the small amount.

mrcash02

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Quote from: Qartersa on January 04, 2017, 02:23:43 PM

Quote from: hubballi on January 04, 2017, 11:41:47 AM

Quote from: Qartersa on January 04, 2017, 07:46:47 AM

Quote from: Cactushrt on January 04, 2017, 06:24:33 AM

Quote from: pinoycash on January 04, 2017, 05:27:05 AM

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

Governments will try to create their own digital currency that would match the usability of bitcoins and in the end it will probably pace-out bitcoins too. Nothing lasts forever. So holding your bitcoins will up only up until a certain price level and without any threats of a something that might replace it. But if the price level is reached and a mass of bitcoin holders suddenly sells expect also a drop in prices. In my previous statement, I am no talking about those shitty other coins that try to imitate, mimic or produce an "improved version" of bitcoins. I am talking about something the governments will create to replace fiat currency.

If governments create their own Crypto Currencies it will be like virtual local currency transactions. Because it won't be decentralized like Crypto Currrencies, just another currency controlled by the government. I don't see any problem if they want to create their own currency, the problem is if they stop allowing people to use Bitcoins and another Crypto Currencies. If we can use any currency we want, no problem at all.

Qartersa

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Quote from: hubballi on January 04, 2017, 11:41:47 AM

Quote from: Qartersa on January 04, 2017, 07:46:47 AM

Quote from: Cactushrt on January 04, 2017, 06:24:33 AM

Quote from: pinoycash on January 04, 2017, 05:27:05 AM

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

Governments will try to create their own digital currency that would match the usability of bitcoins and in the end it will probably pace-out bitcoins too. Nothing lasts forever. So holding your bitcoins will up only up until a certain price level and without any threats of a something that might replace it. But if the price level is reached and a mass of bitcoin holders suddenly sells expect also a drop in prices. In my previous statement, I am no talking about those shitty other coins that try to imitate, mimic or produce an "improved version" of bitcoins. I am talking about something the governments will create to replace fiat currency.

Hallmader

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Quote from: hubballi on January 04, 2017, 11:41:47 AM

Quote from: Qartersa on January 04, 2017, 07:46:47 AM

Quote from: Cactushrt on January 04, 2017, 06:24:33 AM

Quote from: pinoycash on January 04, 2017, 05:27:05 AM

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

If we can improve the bitcoin quite a lot. It will be the nubmer 1 for long time.

Best_Exchange

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If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

hubballi

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Quote from: Qartersa on January 04, 2017, 07:46:47 AM

Quote from: Cactushrt on January 04, 2017, 06:24:33 AM

Quote from: pinoycash on January 04, 2017, 05:27:05 AM

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

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