Is Holding Bitcoin a long time good way to make money? - page 85.

jossiel

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Quote from: Factmine on December 17, 2016, 11:07:11 PM

Quote from: shinratensei_ on December 17, 2016, 04:28:40 AM

Quote from: jossiel on December 17, 2016, 04:10:38 AM

Quote from: salmanahmedone on December 17, 2016, 01:31:29 AM

Also the advantage of gaining more is high now because we do not know someday what will be the value of it.
Anyway for me, holding money or bitcoin for long for trading is good.

Much better to say that holding bitcoins for a longer time is better for having a good money. As the price is going to keep on increasing.

That's the cycle of bitcoin, the longer you will hold your bitcoins the more chance of increasing it's value.

And there's no doubt about it for it was proven by many of us.

https://bitcoinwisdom.com/markets/bitfinex/btcusd

The chart has said it. There is no doubt about the future of bitcoin, and totally it becomes a right decision for keeping bitcoin in our cold storage. the current price was being stable at $790 and expecting it will touch $800 just in a short time.

Though there are talks about the prices correcting and dropping back to $600. This might be just a short stop until it skyrockets, if it does happen. I think we still need to have bitcoin get recognized and adopted by the world before it does skyrocket. For now, bitcoins has not yet even dented the financial industry of the whole world. Its total value could well be bought by just one bank.

I didn't knew that there are people who are speculating that bitcoin is going to drop back to $600. I believe that there will be price decrease.

But that is not going to be up to that point, maybe $50-$100 is possible but with that amount, I don't think so.

Just like what everyone is expecting to happen, the price of bitcoin is going to keep on rising that's why holders are celebrating their Christmas with rejoicing.

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Quote from: shinratensei_ on December 17, 2016, 04:28:40 AM

Quote from: jossiel on December 17, 2016, 04:10:38 AM

Quote from: salmanahmedone on December 17, 2016, 01:31:29 AM

Also the advantage of gaining more is high now because we do not know someday what will be the value of it.
Anyway for me, holding money or bitcoin for long for trading is good.

Much better to say that holding bitcoins for a longer time is better for having a good money. As the price is going to keep on increasing.

That's the cycle of bitcoin, the longer you will hold your bitcoins the more chance of increasing it's value.

And there's no doubt about it for it was proven by many of us.

https://bitcoinwisdom.com/markets/bitfinex/btcusd

The chart has said it. There is no doubt about the future of bitcoin, and totally it becomes a right decision for keeping bitcoin in our cold storage. the current price was being stable at $790 and expecting it will touch $800 just in a short time.

Though there are talks about the prices correcting and dropping back to $600. This might be just a short stop until it skyrockets, if it does happen. I think we still need to have bitcoin get recognized and adopted by the world before it does skyrocket. For now, bitcoins has not yet even dented the financial industry of the whole world. Its total value could well be bought by just one bank.

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Quote from: jossiel on December 17, 2016, 04:10:38 AM

Quote from: salmanahmedone on December 17, 2016, 01:31:29 AM

Also the advantage of gaining more is high now because we do not know someday what will be the value of it.
Anyway for me, holding money or bitcoin for long for trading is good.

Much better to say that holding bitcoins for a longer time is better for having a good money. As the price is going to keep on increasing.

That's the cycle of bitcoin, the longer you will hold your bitcoins the more chance of increasing it's value.

And there's no doubt about it for it was proven by many of us.

https://bitcoinwisdom.com/markets/bitfinex/btcusd

The chart has said it. There is no doubt about the future of bitcoin, and totally it becomes a right decision for keeping bitcoin in our cold storage. the current price was being stable at $790 and expecting it will touch $800 just in a short time.

jossiel

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Quote from: salmanahmedone on December 17, 2016, 01:31:29 AM

Also the advantage of gaining more is high now because we do not know someday what will be the value of it.
Anyway for me, holding money or bitcoin for long for trading is good.

Much better to say that holding bitcoins for a longer time is better for having a good money. As the price is going to keep on increasing.

That's the cycle of bitcoin, the longer you will hold your bitcoins the more chance of increasing it's value.

And there's no doubt about it for it was proven by many of us.

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Quote from: stark101 on December 12, 2016, 04:16:55 AM

Maybe yes, maybe no. Only holding it without doing nothing for long time is is not
profitable unless you bought it with the lowest rate ever. It would be more profitable if you
can trade it when there is a good chance to make profit. But holding your money maybe is also a
good way if you want to only to make money and if you want only that bitcoin should be kept and never used for some thing.

Also the advantage of gaining more is high now because we do not know someday what will be the value of it.
Anyway for me, holding money or bitcoin for long for trading is good.

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Quote from: bitbunnny on December 12, 2016, 10:13:41 AM

Long term investments are generaly always risky because you can predict so far in the future what will happen. But to my opinion Bitcoin is worth that risk and it's most profitable long term. Sometimes when the dumps are big it's a bit hard to keep the cool head and try to be reasonable but with experience is easier.

No; usually long term investments are less risky than short term ones. Of course always there is risk but it is low, mid and high risk and profit is depending on risk. Say that somebody buy stocks that tend to grow slowly. These stocks tend to be less volatile, that is less risky, because the underlying company has steady but not spectacular growth. Which of next two is more risky? Buying stocks from a wordwide known bank or from a startup company?

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Quote from: romero121 on December 14, 2016, 06:58:15 AM

Quote from: Bestwishes745 on December 14, 2016, 04:54:30 AM

Quote from: viziano on December 12, 2016, 10:31:49 AM

At the moment yes..
But who knows how bright is the future lol..I think it won't skyrocket but will see.

The real bitcoin users know that how bright will be the future of bitcoin. The future is for bitcoin currency and I know the everyone will use bitcoin in the future as I can see that every business is now shifting to digital system.

Everything is getting digitalized, so surely the bitcoin will have a separate place as a payment gateway and as a currency to pay for the services as well for products. On digitalization people get different accessibility options similar to that we get as debit\credit card, visa, maestro, bitcoin card etc. It depends upon the user who prefers it.

I also agree that if in the future ever business will be digitalized then everyone will prefer the digital system of payment and they will not like the cards they have from their banks but they will like to operate that businesses with bitcoin as they will like more to adopt the way of freedom.

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Quote from: Bestwishes745 on December 14, 2016, 04:54:30 AM

Quote from: viziano on December 12, 2016, 10:31:49 AM

At the moment yes..
But who knows how bright is the future lol..I think it won't skyrocket but will see.

The real bitcoin users know that how bright will be the future of bitcoin. The future is for bitcoin currency and I know the everyone will use bitcoin in the future as I can see that every business is now shifting to digital system.

Everything is getting digitalized, so surely the bitcoin will have a separate place as a payment gateway and as a currency to pay for the services as well for products. On digitalization people get different accessibility options similar to that we get as debit\credit card, visa, maestro, bitcoin card etc. It depends upon the user who prefers it.

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Quote from: salmanahmedone on December 13, 2016, 08:02:41 AM

Quote from: stark101 on December 12, 2016, 04:16:55 AM

Maybe yes, maybe no. Only holding it without doing nothing for long time is is not
profitable unless you bought it with the lowest rate ever. It would be more profitable if you
can trade it when there is a good chance to make profit. But holding your money maybe is also a
good way if you want to only to make money and if you want only that bitcoin should be kept and never used for some thing.

This is true if the holder of the bitcoin buy it to the lowest price and now it is around turning it to $800
I guess you can have it so profitable .

yeah bitcoin is now around 800$ and bitcoin is really increasing its price so it mean bitcoin again start to rising its price and i hold my bitcoin from few years i now my bitcoin value is rising too much faster and i am getting a big profit from bitcoin but i still hold my bitcoin.

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Quote from: Bestwishes745 on December 14, 2016, 04:54:30 AM

Quote from: viziano on December 12, 2016, 10:31:49 AM

At the moment yes..
But who knows how bright is the future lol..I think it won't skyrocket but will see.

The real bitcoin users know that how bright will be the future of bitcoin. The future is for bitcoin currency and I know the everyone will use bitcoin in the future as I can see that every business is now shifting to digital system.

The chart was telling any more about that, and Bitcoin will always be promising for us. And so, it makes no sense if we were feeling doubt about putting our money on the bitcoin. But seems may a lot of the parties was threatening by bitcoin.
And this statement was being opposite with the Circle CEO's statement. Roll Eyes

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Quote from: viziano on December 12, 2016, 10:31:49 AM

At the moment yes..
But who knows how bright is the future lol..I think it won't skyrocket but will see.

The real bitcoin users know that how bright will be the future of bitcoin. The future is for bitcoin currency and I know the everyone will use bitcoin in the future as I can see that every business is now shifting to digital system.

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Quote from: Potato Chips on December 13, 2016, 08:12:42 AM

Quote from: brian_23452 on December 12, 2016, 02:47:47 PM

if any one has bitcoin and he or she decided to hold it for a long time is a thing of the choices because it maybe that at one point the value of it is high in the market so for that reason you might want to wait for it to fly up to the sky before you can sale it for whatever reason so at that time one can make go money or make better profit from keep it so long.

Yes the longer you keep it the higher the sell price but emergency situations are inevitable so not spending it is a really difficult job.
Just don't let your greediness take over and keep it for a really long year cause you have to spend it to help in circulating the coins.

Quote from: bitbunnny on December 12, 2016, 10:13:41 AM

Long term investments are generaly always risky because you can predict so far in the future what will happen. But to my opinion Bitcoin is worth that risk and it's most profitable long term. Sometimes when the dumps are big it's a bit hard to keep the cool head and try to be reasonable but with experience is easier.

Well there is always a risk in every investment it's just a matter of high risk or low risk.

If you have watched the bitcoin market for a long time you will know that these dumps will lead to a higher price. While we are in this community /industry we

should increase our knowledge and experience to cope with the problems we will encounter in the future.

We can have 20% of the saving in bitcoin. So when we need to use money, we can use the fiat first.

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Quote from: brian_23452 on December 12, 2016, 02:47:47 PM

if any one has bitcoin and he or she decided to hold it for a long time is a thing of the choices because it maybe that at one point the value of it is high in the market so for that reason you might want to wait for it to fly up to the sky before you can sale it for whatever reason so at that time one can make go money or make better profit from keep it so long.

Yes the longer you keep it the higher the sell price but emergency situations are inevitable so not spending it is a really difficult job.
Just don't let your greediness take over and keep it for a really long year cause you have to spend it to help in circulating the coins.

Quote from: bitbunnny on December 12, 2016, 10:13:41 AM

Long term investments are generaly always risky because you can predict so far in the future what will happen. But to my opinion Bitcoin is worth that risk and it's most profitable long term. Sometimes when the dumps are big it's a bit hard to keep the cool head and try to be reasonable but with experience is easier.

Well there is always a risk in every investment it's just a matter of high risk or low risk.

If you have watched the bitcoin market for a long time you will know that these dumps will lead to a higher price. While we are in this community /industry we

should increase our knowledge and experience to cope with the problems we will encounter in the future.

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Quote from: stark101 on December 12, 2016, 04:16:55 AM

Maybe yes, maybe no. Only holding it without doing nothing for long time is is not
profitable unless you bought it with the lowest rate ever. It would be more profitable if you
can trade it when there is a good chance to make profit. But holding your money maybe is also a
good way if you want to only to make money and if you want only that bitcoin should be kept and never used for some thing.

This is true if the holder of the bitcoin buy it to the lowest price and now it is around turning it to $800
I guess you can have it so profitable .

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Quote from: brian_23452 on December 12, 2016, 02:47:47 PM

if any one has bitcoin and he or she decided to hold it for a long time is a thing of the choices because it maybe that at one point the value of it is high in the market so for that reason you might want to wait for it to fly up to the sky before you can sale it for whatever reason so at that time one can make go money or make better profit from keep it so long.

Investing in the bitcoin is a good thing and it is indeed what you say it is true. But if we did something bad or even worsen the life when investing then it will just make our lives worse. What I mean is the investment that we are doing is using the money used for our everyday needs and ktia investing when unfriendly situations causing our need be destroyed and messy.So before you make an investment, we have to think of something to do about our lives so what we get is not to become burden of life

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Quote from: aardvark15 on December 09, 2016, 12:54:50 PM

Buying and holding Bitcoin will work if Bitcoin succeeds because it is designed to be deflationary. The problem is that if you get in too late, you can't get as much profit. It's best to buy as early as you can and as much as you can if you are just going to hold it.

So how can one know, what price that can be said to be early as today the price of bitcoin is fast approaching $800 and could be up to $1000 tomorrow, but also there a possibility that it could be less. I think the best approach would be to enjoy the ride while it last, because bitcoin is still evolving, unless one is determine to wait it out till whenever their investment is profitable, but that won't be a very good business practice.

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if any one has bitcoin and he or she decided to hold it for a long time is a thing of the choices because it maybe that at one point the value of it is high in the market so for that reason you might want to wait for it to fly up to the sky before you can sale it for whatever reason so at that time one can make go money or make better profit from keep it so long.

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Right now bitcoin price increase is getting continued for a long time. This gives every user an added profit. Bitcoin grows gradually, which describes that holding doesn't have any specific time. Everytime holding is effective.

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At the moment yes..
But who knows how bright is the future lol..I think it won't skyrocket but will see.

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Long term investments are generaly always risky because you can predict so far in the future what will happen. But to my opinion Bitcoin is worth that risk and it's most profitable long term. Sometimes when the dumps are big it's a bit hard to keep the cool head and try to be reasonable but with experience is easier.

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