Is Holding Bitcoin a long time good way to make money? - page 89.

lakisis

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Quote from: sabbirshm on December 05, 2016, 09:47:19 AM

Quote from: Hidemyname on December 02, 2016, 12:48:22 PM

I think holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

Holding bitcoin is obviously good idea to earn money.You just need to wait for the correct time to buy and sell.for example I bought 3btc when bitcoin price was under 400$ and now it's 770$+.So you just need to be patient and wait for the correct time.

you are right that wait for the correct time to buy and sell your bitcoin and i also buying bitcoin with low price and then i wait for higher and when price go to high then i sell it with high price and get a good profit from bitcoin trading .

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Quote from: Hidemyname on December 02, 2016, 12:48:22 PM

I think holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

I agree it is a good way to preserve your bitcoin and at the same time earn some profit but i would say , it is a good way but for me investing it to another investment is a better way to make money. The reason is that investing bitcoin to other profit generating legit venture can grow your bitcoin exponentially.

StarofBTC

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Quote from: Hidemyname on December 02, 2016, 12:48:22 PM

I think holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

This is true but I think apart from or say along with holding you can smartly invest your bitcoins and grow them while you are holding them, just do not sell them for fiat too soon.
Now if you wonder which site you should invest at, then I would suggest investing in gambling sites bankroll.

sabbirshm

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Quote from: Hidemyname on December 02, 2016, 12:48:22 PM

I think holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

Holding bitcoin is obviously good idea to earn money.You just need to wait for the correct time to buy and sell.for example I bought 3btc when bitcoin price was under 400$ and now it's 770$+.So you just need to be patient and wait for the correct time.

Mbokani

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Quote from: MMA on December 04, 2016, 05:21:57 PM

Quote from: Hidemyname on December 02, 2016, 12:48:22 PM

I think holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

to me i think it depending on the interest of the people, as some people are always interested in long term investment, while other people do not good in long term investment as by nature they cannot wait for such a long time and they always give preference to short time investment.

basically this depends upon at what price you acquired your coins.If you are a miner you should cover all the expenses and must have a good return for the time you spend and it is wise to book your profits as you go rather than keeping for a very long time.

MMA

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Quote from: Hidemyname on December 02, 2016, 12:48:22 PM

I think holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

to me i think it depending on the interest of the people, as some people are always interested in long term investment, while other people do not good in long term investment as by nature they cannot wait for such a long time and they always give preference to short time investment.

BitFinnese

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With the incline in price of bitcoin, definitely holding bitcoin for a long time is one way to make a good amount of money. We have seen the proof, after the bubble burst and decline in price until sub 200, those who bought in this price and holding it until now obviously having more than 300% profit.

skyway1

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Quote from: Vaoric on November 30, 2016, 03:09:13 PM

The bitcoin is a good investment and with long terms you can achieve making a lot of money but this is really depending on yourself and if you have the patient for it too.

yeah you are right that bitcoin is really good and safest investment and we can get big profit from bitcoin if we hold our bitcoin for log term and never use it for anything and i also a trader and i buy bitcoin in huge amount wit low price and then hold it for high price .

virtualkeybuyer

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Quote from: Hidemyname on December 02, 2016, 12:48:22 PM

I think holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

A month ago for my investment in a place I was about to withdraw my bitcoins but due to some reason I delayed it and remained them in bitcoin and in that time I found a very good increase in the price of bitcoin and I have earned a good profit from there so if a person will stay for more time having bitcoins then he will make more money. and you are also right if someone will have bitcoins from the time of its appearance then he will be now a millionaire with a smaller amount of his money.

bitcoinisbest

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I think the answer to this question actually will vary from person to person. In my opinion if you would have got under 500$ then yes it is always a good investment for future. But at this juncture there is little skeptical about the price as from a month almost price is being hovering in 700$ and up and down in this zone so not sure which side it will go in coming time.

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Quote from: target on December 03, 2016, 01:32:02 PM

Quote from: Ultrasound on December 03, 2016, 01:13:44 PM

Quote from: dmamigo on December 03, 2016, 12:59:49 PM

Surely Holding bitcoin for long term helps greatly.The price has increased a lot and also is increasing, but it does fluctuates a lot and sometimes goes down quite much. So timing does matters, for how long to hold, when to sell it or buy.

That is right. The bitcoin price has risen over 80% in the last 12 months. The price is almost at 12 months high now.

If i was just holding my btc back when its value was just 400+ I would have been richer today

who knows what could happen. I have still some but the rest are already invested to some other tokens.

There is no point into thinking like that. People have had plenty of time to buy as many coins as possible below the $400 level. If you didn't buy at that time, then I hope for you that you bought your coins significantly below the $700 level. If invested in the right coins at the right time, then you most likely have made yourself a decent profit already. Wink

target

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Quote from: Ultrasound on December 03, 2016, 01:13:44 PM

Quote from: dmamigo on December 03, 2016, 12:59:49 PM

Surely Holding bitcoin for long term helps greatly.The price has increased a lot and also is increasing, but it does fluctuates a lot and sometimes goes down quite much. So timing does matters, for how long to hold, when to sell it or buy.

That is right. The bitcoin price has risen over 80% in the last 12 months. The price is almost at 12 months high now.

If i was just holding my btc back when its value was just 400+ I would have been richer today

who knows what could happen. I have still some but the rest are already invested to some other tokens.

Ultrasound

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Quote from: dmamigo on December 03, 2016, 12:59:49 PM

Surely Holding bitcoin for long term helps greatly.The price has increased a lot and also is increasing, but it does fluctuates a lot and sometimes goes down quite much. So timing does matters, for how long to hold, when to sell it or buy.

That is right. The bitcoin price has risen over 80% in the last 12 months. The price is almost at 12 months high now.

dmamigo

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Surely Holding bitcoin for long term helps greatly.The price has increased a lot and also is increasing, but it does fluctuates a lot and sometimes goes down quite much. So timing does matters, for how long to hold, when to sell it or buy.

PokerFace3

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Quote from: davis196 on November 24, 2016, 10:50:29 AM

Quote from: aikunsatu on July 02, 2015, 04:29:46 PM

Yes because the price sky rockets from time to time.

I`m holding my bitcoins for 6 months and the price increased from 600$ to 730$.

I can`t say it sky rockets,but it`s a good increase.

Yes,it`s a good way,but you have to buy and sell at the right time.

It is a 20% + free profit and around Christmas the price would be even much higher.
I think if you sell them now it will not be the wisest of ideas since the price is obviously expected to rise higher and higher. I usually sell once I see a downfall has started after continuous price rally.

Hidemyname

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I think holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

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Quote from: vasrasus on December 02, 2016, 11:48:42 AM

Quote from: sabbirshm on December 02, 2016, 09:32:33 AM

I think it's a very good idea to hold bitcoin.You can get easily profit by holding bitcoin.Again,Bitcoin is very much trustworthy, and its price is rising nicely.I bought 3btc when bitcoin price was under 500$ and now its 730$+.So just be patient and wait for the correct time.

Right stocking/ saving your bitcoin in wallet is like also investing its value is really increasing constantly that we can just leave it in our wallet and will be amazerd that its getting higher in value. And i dont think bitcoin will lose its value now that it is adapts by many and provides lots of developments btc will last for long that it can always count on in having profits.

This is a good benefits of bitcoin that we can make a good profit if the price will keep increasing just like now if you have 3 btc before the price right now is increase again in to 770 and i think you are making a good profit..
More adoption are coming and i think the price will increase more not so soon but this following year we will see more events that can affect the value of bitcoin..

vasrasus

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Quote from: sabbirshm on December 02, 2016, 09:32:33 AM

I think it's a very good idea to hold bitcoin.You can get easily profit by holding bitcoin.Again,Bitcoin is very much trustworthy, and its price is rising nicely.I bought 3btc when bitcoin price was under 500$ and now its 730$+.So just be patient and wait for the correct time.

Right stocking/ saving your bitcoin in wallet is like also investing its value is really increasing constantly that we can just leave it in our wallet and will be amazerd that its getting higher in value. And i dont think bitcoin will lose its value now that it is adapts by many and provides lots of developments btc will last for long that it can always count on in having profits.

justdimin

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Quote from: freedomgo on November 26, 2016, 01:13:37 AM

Quote from: richardsNY on November 24, 2016, 01:38:51 PM

Quote from: davis196 on November 24, 2016, 10:50:29 AM

Quote from: aikunsatu on July 02, 2015, 04:29:46 PM

Yes because the price sky rockets from time to time.

I`m holding my bitcoins for 6 months and the price increased from 600$ to 730$.

I can`t say it sky rockets,but it`s a good increase.

Yes,it`s a good way,but you have to buy and sell at the right time.

Profit is profit. May I ask why you didn't buy before the price reached the $600 levels? You had enough time to buy your coins ar much lower price levels than where you bought your coins at this time. Common mistakes are that people wait too long with buying as they hope the price is going down even more. And when the price isn't going down people mostly buy in panic to not fall behind and miss out.

The truth it, some has no balls, they are only good on telling things that they could have made money if they buy this and that.. But when in the situation, they are afraid to buy since they do not have enough faith with bitcoin.

You very well may have a valid point, its always said that something that needs guts is " easy said than done " and yeah I have myself sold bitcoins in a panic because price was going down and I was very worried. But now doing this for a long time and I know how to deal with the ups and downs of trading and price trading.

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Quote from: sabbirshm on December 02, 2016, 09:32:33 AM

I think it's a very good idea to hold bitcoin.You can get easily profit by holding bitcoin.Again,Bitcoin is very much trustworthy, and its price is rising nicely.I bought 3btc when bitcoin price was under 500$ and now its 730$+.So just be patient and wait for the correct time.

It will over $800 soon, But I had been missed the train. The bitcoin was getting a possitive trend. Seems like it will always increase for next week. But not the best timing for buy bitcoin right now.
And i think this trend was reducing some risk for holding bitcoin

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