Is Holding Bitcoin a long time good way to make money? - page 92.

BitHodler

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Quote from: Bitcoin0916 on November 21, 2016, 04:01:57 AM

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

300% profit and you feel disappointed? It's 150% in profits per year if you calculate it that way. People investing in stocks are already happy with around 10-15% in profits on a yearly basis.

You have done an outstanding job with making such profits. There aren't many people here that can say the same. You should feel good about it.

Fatanut

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Quote from: michkima on November 21, 2016, 11:00:27 AM

Quote from: Bitcoin0916 on November 21, 2016, 04:01:57 AM

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

300% is still quite good for an investment for two years. But, sadly you could have waited a little longer before you sold them all.

Actually if he has that mindset, he'll never be able to sell his coins. Why? It's because of the thought that maybe tomorrow's a better day. The thought of maybe he should wait a little longer. My advice is to man up and just be proud that you've sold your coin at that price and not lower than the price when you've invested. Keep in mind that there are also people that have their money in fiat saved for years, they don't even have a $1 profit. Be happy that you're one of the people that invested in bitcoins.

sabbirshm

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Quote from: mirakal on November 21, 2016, 02:05:18 AM

Quote from: ?? on ??

Quote from: outatime1 on November 20, 2016, 08:48:05 PM

I think those that buy and hold will always make a profit as long as you hold for a few years. The deflationary characteristic of bitcoin almost makes it definite as long as bitcoin doesn't fail.

All the time that buying bitcoins will be profitable after holding it. So if you are that a very patient person and you have a stable source of income, then holding of bitcoins can be another platform and good investment for you. Whether you will hold it just for days, months or even year. Still that will help you to generate income.

Patience is important alongside with our capital, holding a long time is beneficial to us if we have a decent investment so by the time the price will increases we can cash out a big amount of money. We have seen the trend already and bitcoin's price is increasing.

I agree with this point we all need more patient.We should wait & watch the market carefully.And don't Lose hope and trust bitcoin.Bitcoin didn't disappointed early people and many of them are rich now.So, we should make a big investment and wait for the price goes high.

michkima

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Quote from: Bitcoin0916 on November 21, 2016, 04:01:57 AM

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

300% is still quite good for an investment for two years. But, sadly you could have waited a little longer before you sold them all.

Bitcoin0916

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According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

mirakal

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Quote from: ?? on ??

Quote from: outatime1 on November 20, 2016, 08:48:05 PM

I think those that buy and hold will always make a profit as long as you hold for a few years. The deflationary characteristic of bitcoin almost makes it definite as long as bitcoin doesn't fail.

All the time that buying bitcoins will be profitable after holding it. So if you are that a very patient person and you have a stable source of income, then holding of bitcoins can be another platform and good investment for you. Whether you will hold it just for days, months or even year. Still that will help you to generate income.

Patience is important alongside with our capital, holding a long time is beneficial to us if we have a decent investment so by the time the price will increases we can cash out a big amount of money. We have seen the trend already and bitcoin's price is increasing.

outatime1

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I think those that buy and hold will always make a profit as long as you hold for a few years. The deflationary characteristic of bitcoin almost makes it definite as long as bitcoin doesn't fail.

whizter

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Quote from: tabas on November 17, 2016, 07:15:37 PM

Quote from: stark101 on November 17, 2016, 01:36:21 PM

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

In every type of investments all of them are risky. And even though holding is just a simple type of investment but this is not an easy way to get good money. Because this can be a one time profit depending on how long you are going to hold bitcoin. But this type of investment has been proved to be one of the best investment.

yes there is no doubt about this that all kind of investment are risky but to me long term investment is less risky as compare to short term investment, and is also more profitable, but if you are going for long term investment then you have to invest a good amount of bitcoin as you have to wait for a long time therefor it is good to invest some good amount so a as to get a good profit in return.

carlerha

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Quote from: rizkyhiw on November 17, 2016, 06:38:31 PM

Quote from: michkima on November 17, 2016, 11:23:18 AM

Yes, I think the price of Bitcoin will increase some more in the next few months. The demand for it has not gone down and has increased exponentially but the supply is going down due to halving.

the fact that bitcoin getting rare and rare day by day should convinced enough
people actually aware already about this
they just too afraid to make decision to invest in bitcoin
what else make people shouldn't invest in long term? this is pretty clear , rare thing make more precious.

it is not right to say that bitcoin is becoming rare and rare as he number of miners of bitcoin are also increasing and so the supply of bitcoin is pretty good therefore there is still no shortage of bitcoin, but it is a fact that the number of bitcoin users s increasing from day to day.

lionheart78

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Quote from: goldcoinminer on November 18, 2016, 01:32:01 AM

Quote from: JeffBrad12 on November 17, 2016, 07:51:03 PM

Quote from: stark101 on November 17, 2016, 01:36:21 PM

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

The clear thing about hold bitcoin in this day, if you have seen about any calculate if the halving of bitcoin will happen every 4 years. this can become a good point for us for hold the bitcoin long term. You don't need to feel worried but you must use your brain for searching and analyze more about bitcoin if you will be going to hold them.

Holding bitcoins is the most effective way to treat your investment, since bitcoin is very progressive and people are coming in to adopt with the system it will continue to grow in the future. We just have to ensure that our faith with bitcoin is strong enough so we will not panic when something bad happens.

If you prefer less risk yes, holding is one of the most effective way to increase bitcoin while minimizing the risk involved. But overall investment is still the best way to make money. You may invest in bitcoin and invest your bitcoin in trading either altcoin or different currencies though it is open to all the risk but you can mitigate it by researching and observing the market closely, if something wen't wrong at least you can cash out with minimal losses.

FlightyPouch

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It really matters. Bitcoins' price are getting higher and higher and many people who want to earn somenwantnto buy early so they can sell it in a good price. But it takes time though. But its worth it. Many people want to earn bitcoin so they can earn money and I'm one of them.I'm a student and I'm aiming to earn some to help me in my studies, financially. Holding Bitcoin maybe for a year will make a fortune

goldcoinminer

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Quote from: JeffBrad12 on November 17, 2016, 07:51:03 PM

Quote from: stark101 on November 17, 2016, 01:36:21 PM

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

The clear thing about hold bitcoin in this day, if you have seen about any calculate if the halving of bitcoin will happen every 4 years. this can become a good point for us for hold the bitcoin long term. You don't need to feel worried but you must use your brain for searching and analyze more about bitcoin if you will be going to hold them.

Holding bitcoins is the most effective way to treat your investment, since bitcoin is very progressive and people are coming in to adopt with the system it will continue to grow in the future. We just have to ensure that our faith with bitcoin is strong enough so we will not panic when something bad happens.

JeffBrad12

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Quote from: stark101 on November 17, 2016, 01:36:21 PM

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

The clear thing about hold bitcoin in this day, if you have seen about any calculate if the halving of bitcoin will happen every 4 years. this can become a good point for us for hold the bitcoin long term. You don't need to feel worried but you must use your brain for searching and analyze more about bitcoin if you will be going to hold them.

tabas

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Quote from: stark101 on November 17, 2016, 01:36:21 PM

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

In every type of investments all of them are risky. And even though holding is just a simple type of investment but this is not an easy way to get good money. Because this can be a one time profit depending on how long you are going to hold bitcoin. But this type of investment has been proved to be one of the best investment.

rizkyhiw

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Quote from: michkima on November 17, 2016, 11:23:18 AM

Yes, I think the price of Bitcoin will increase some more in the next few months. The demand for it has not gone down and has increased exponentially but the supply is going down due to halving.

the fact that bitcoin getting rare and rare day by day should convinced enough
people actually aware already about this
they just too afraid to make decision to invest in bitcoin
what else make people shouldn't invest in long term? this is pretty clear , rare thing make more precious.

stark101

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Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

akashborikar

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If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..

but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many

michkima

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Yes, I think the price of Bitcoin will increase some more in the next few months. The demand for it has not gone down and has increased exponentially but the supply is going down due to halving.

Fatanut

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Quote from: kryptqnick on November 15, 2016, 03:52:41 PM

Well, in general, if you have around 1 btc and make small purchases around 40$, you are very likely to get them back because of price changes. As for holding btc for a long time... It is risky, because one day it can just crash and all your money won't really be money anymore. And we shouldn't forget that along with the price growing goes the inflation of $, so the profit might be not very big.

One day it might start to crash but it'll not have zero value in a very quick period of time. People have invested millions of dollars in bitcoin and that's enough proof that the majority of people would prevent getting bitcoin get dumped more and more. But let's just say that for some reason, people start dumping their bitcoins. It'll not be zero balance quickly, it'll take days/weeks of dumping. You will have enough time to sell your coins at a somehow reasonable price.

richardsNY

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Quote from: stadus on November 16, 2016, 04:39:26 AM

Quote from: richardsNY on November 15, 2016, 07:53:53 PM

Quote from: kryptqnick on November 15, 2016, 03:52:41 PM

As for holding btc for a long time... It is risky, because one day it can just crash and all your money won't really be money anymore. And we shouldn't forget that along with the price growing goes the inflation of $, so the profit might be not very big.

I personally find long term holding to not be risky at all. It's important to realize that when you're holding 1 BTC for example, and the price goes down like $50, that you haven't lost anything. 1 BTC is still 1 BTC. You'll only end up losing when you sell at a price lower than where you bought your coin at. Inflation of the dollar on a yearly basis is minimal compared to the increase that we have been experiencing in the last 2 years. That's not an issue at all.

No, I disagree with you, holding bitcoin may it be long term or short term are both risky. The only thing that differs are the level of risk and the amount you put as your investment, never think that bitcoin is safe because it's an investment and once it is intended to make money you have to risk since the outcome is not guaranteed profit.

I should have made a bit more clear what I actually meant to say. I was referring to the fact that holding Bitcoin is an investment with the least possible risk factor. This doesn't mean I am talking about guaranteed returns. There is no such a thing as guaranteed returns. Everything has a certain amount of risk involved.

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