Is Holding Bitcoin a long time good way to make money? - page 93.

stadus

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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.

richardsNY

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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.

kryptqnick

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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.

vindicare

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You have to put a time limit whether you will hold or sell it cause sometimes holding too long will hurt your profit for instances you bought BTC at a price of $700 each and then the price after a long month would be stable at $705 and you just holding 3 BTC you still profit for $15 but the time frame is too long so much better if you hold it for a week and maximum of 1 month.

Ru_Ezaz

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Yes I think its good invest for a long time but that it also can have a lot of risks because of the fact.
I think with the bitcoin itself you can make a lot of money due to the fact that it has a great future.

akashborikar

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Yes I think holding up the BTCitcoin for a while is good, holding too long is not good in my eyes but you can choose for a long term.
I honestly think that a long term can be very profitable if you are doing this on the right time and sell on a right time.

michkima

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For me yes. So far I had a sound investment in it. I bought it at $350, and now it's at $700 level. I bought my coins in December last year. So my money doubled in a year. Which I think is already a great investment.

Qartersa

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Quote from: michkima on November 14, 2016, 01:03:16 AM

For a long term, Bitcoin might be profitable. But don't go all-in with one asset. Crypto is and will be risky, now and in the future. Holding too much of it will expose you to a lot of risks. So you have to handle your assets carefully.

Try to diversify your investment buy holding other assets (FOREX or stocks).

This is a good tip. A better term for this is "not putting all your eggs in one basket." This would scatter and distribute the risk evenly and when something drops not all your eggs will break.

But, investments concepts and rules aside. If you had the chance of investing everything in Bitcoin when its lowest, then go for it. The important thing is profiting when you can.

michkima

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For a long term, Bitcoin might be profitable. But don't go all-in with one asset. Crypto is and will be risky, now and in the future. Holding too much of it will expose you to a lot of risks. So you have to handle your assets carefully.

Try to diversify your investment buy holding other assets (FOREX or stocks).

izlevinv

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Quote from: TheUltraElite on November 13, 2016, 11:58:47 AM

Quote from: mirakal on November 13, 2016, 07:54:00 AM

Quote from: (altair) on November 13, 2016, 07:39:05 AM

Holding bitcoin for a long time is both good and bad. It is good if you have plan or target price to sell it. It is bad if you just hold it without having a future plan for it. You don't have a target price to sell it. You just want to sell it at a very high price but no on one can say how high it will be.

A target plan is always necessary for all of us, once we are holding we should have a definite target for us to be able to do the right timing. We should always be careful with our greediness as when we see there's a big price increase we think that we will earn more but not really, what if the price crashes hard?

I think a target price is important but investors should not be very firm about it. If they see prices increase then start to sell it but dont sell it all. Make sure to hold it, you never know which is the highest point of increase. If you sell out small fractions as prices cross your target price you can keep gaining profits. Even then make sure to have some spare capital left so you are not empty handed after the day.

That is a perfect strategy to follow sell some if you are making profits and hold rest of them for the future as you never know how high the price of bitcoin can be in future and at a moment holding seems to be an best an safest option as everyone is speculating that price will probably go higher at the time of Christmas.

BitHodler

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Quote from: TheUltraElite on November 13, 2016, 11:58:47 AM

I think a target price is important but investors should not be very firm about it. If they see prices increase then start to sell it but dont sell it all. Make sure to hold it, you never know which is the highest point of increase. If you sell out small fractions as prices cross your target price you can keep gaining profits.

Well said. I do exactly that, but also when it comes to the price going down.

Example; At the time the price was going up before the block halving, I kept securing 5% profits per trade nearly till the top was reached. I think it was $750 to be precise where the top was $778.

I also did the same with buying back. I kept buying back as many coins as possible at the time the price was heavily tanking to the bottom.

That's why trading alongside a long term investment is the best option. You benefit from the short term with your trading, and you benefit from your long term hodling without touching these coins.

The profits that I make go directly to my cold wallets where the coins are that I am hodling as long term investment. This way the number of coins are constantly increasing.

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Quote from: mirakal on November 13, 2016, 07:54:00 AM

Quote from: (altair) on November 13, 2016, 07:39:05 AM

Holding bitcoin for a long time is both good and bad. It is good if you have plan or target price to sell it. It is bad if you just hold it without having a future plan for it. You don't have a target price to sell it. You just want to sell it at a very high price but no on one can say how high it will be.

A target plan is always necessary for all of us, once we are holding we should have a definite target for us to be able to do the right timing. We should always be careful with our greediness as when we see there's a big price increase we think that we will earn more but not really, what if the price crashes hard?

I think a target price is important but investors should not be very firm about it. If they see prices increase then start to sell it but dont sell it all. Make sure to hold it, you never know which is the highest point of increase. If you sell out small fractions as prices cross your target price you can keep gaining profits. Even then make sure to have some spare capital left so you are not empty handed after the day.

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Quote from: (altair) on November 13, 2016, 07:39:05 AM

Holding bitcoin for a long time is both good and bad. It is good if you have plan or target price to sell it. It is bad if you just hold it without having a future plan for it. You don't have a target price to sell it. You just want to sell it at a very high price but no on one can say how high it will be.

A target plan is always necessary for all of us, once we are holding we should have a definite target for us to be able to do the right timing. We should always be careful with our greediness as when we see there's a big price increase we think that we will earn more but not really, what if the price crashes hard?

(altair)

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Holding bitcoin for a long time is both good and bad. It is good if you have plan or target price to sell it. It is bad if you just hold it without having a future plan for it. You don't have a target price to sell it. You just want to sell it at a very high price but no on one can say how high it will be.

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Quote from: ged00u on November 12, 2016, 11:06:56 AM

Of course. Evidently, Bitcoin price is always unpredictable, but we can easily recognize that although the price is fluctuating, Bitcoin charts have shown that through many years, Bitcoin price always goes up. So if you decide to hold your bitcoin in a long period of time, you can earn some profit with it

Yes indeed, and long time is synonymous to long term investment. I agree that in th long run, bitcoin really appreciates in value. As what we are always saying, as long as many people believe and trust in bitcoin it will not lose its value. The most important factor is the communiy support.

to1ga

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Quote from: ged00u on November 12, 2016, 11:06:56 AM

Of course. Evidently, Bitcoin price is always unpredictable, but we can easily recognize that although the price is fluctuating, Bitcoin charts have shown that through many years, Bitcoin price always goes up. So if you decide to hold your bitcoin in a long period of time, you can earn some profit with it

Price will definitely rise in long term so I don't see any risk in holding them for a long period of time, and its good to keep them safe in wallet instead of investing it anywhere and welcoming the risk of loosing them as investing them anywhere is a big risk at a moment and certainly it will decrease the level of our coins.

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Quote from: Ultrasound on November 12, 2016, 07:35:21 AM

Quote from: Dudeperfect on November 12, 2016, 01:30:32 AM

Quote from: sabbirshm on November 11, 2016, 10:07:27 PM

Holding bitcoin is a bit of risk but I think bitcoin won't disappoint you.If you can hold 5-10btc today,you will surely get huge profit in the next year.Because bitcoin price is increasing day by day.And I think bitcoin will hit 1200-1500$ in the next year.So,holding bitcoin by this time will give you a good amount of profit.

I have a similar opinion but with a little bit different approach. I would recommend holding bitcoins and on the other hand spending it. If one is willing to hold 1 bitcoin then he should acquire 1 bitcoin and then spend some part of it for his needs and then again buy the equal amount of expenditure with fiat.
At the end of the story, he will have his whole bitcoin, he will contribute to the bitcoin movement (and indirectly growth of the network) and he is also using bitcoins for his needs and still he will have his whole bitcoin in his hands.

Spending the bitcoin will make the bitcoin to be useful as a good currency. So the value will rise in the mean time.

Exactly. It works in the same way like the burning of coin works but still there is a fundamental difference between these two methods. Anyone can’t really reuse burnt coins but when we usually spend a bitcoin, we can’t use it but the receiver can so in both ways it helps to the actual price and value of rest of the coins in one or another way. One works in negative sense while other in positive sense.

ged00u

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Of course. Evidently, Bitcoin price is always unpredictable, but we can easily recognize that although the price is fluctuating, Bitcoin charts have shown that through many years, Bitcoin price always goes up. So if you decide to hold your bitcoin in a long period of time, you can earn some profit with it

20kevin20

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You will absolutely never know. For now, I'd say yes because the chances of it going up to an insane amount is pretty much possible. Yes, it is. As it happened between 2011 and 2013's winter, it could happen between 2015 and the next year as this year took place the halving of Bitcoin. It would go up up to 100x times.

jeraldskie11

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Yes, because the value of bitcoin in past days has increased. The reason why the value of bitcoin has increasing because almost people in the world knows about bitcoin and thet buy bitcoin. If the buyers of bitcoin is increasing the value of bitcoin also is increasing.
So it's ok to hold bitcoin for a long time if you have an extra money for your everyday needs, if not, then payout how much you need but it's your decision whether you do it or not.

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