Is Holding Bitcoin a long time good way to make money? - page 94.

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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.

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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.

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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.

as it is expecting that the price of bitcoin can go high in next few months and it is also expecting that it can even cross the all time high price this time therefore to me there is no risk to invest in bitcoin. it will really not disappoint you.

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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.

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Quote from: Techie5879 on November 11, 2016, 03:04:47 AM

Yes, I think so, as the price is pretty much guaranteed to increase gradually.

That's the biggest nonsense I have heard so far. There are no guarantees to any kind of market. If you really think the market will go up guaranteed, then why don't you go all in at current price?

Quote from: Techie5879 on November 11, 2016, 03:04:47 AM

So, buying a safe amount and holding it, maybe till the next halving, if possible, is the best way

Being long term minded with your investments is a good thing, but you shouldn't take a price increase for granted. We don't know if we by that time are still sitting at current levels, or maybe higher. It's also a realistic possibility that we'll end up in a bear market for years. Never calculate yourself rich.

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Quote from: goldcoinminer on November 11, 2016, 04:00:33 AM

Quote from: Techie5879 on November 11, 2016, 03:04:47 AM

Yes, I think so, as the price is pretty much guaranteed to increase gradually. So, buying a safe amount and holding it, maybe till the next halving, if possible, is the best way, according to me, to get a good profit from bitcoins. This is just my opinion, you can do a bit of research on the forum itself to find out more.

Targeting for the next halving is a good goal, we have observed that when halving is near the price increases so we need to be optimistic of the future. Buy bitcoins now and that would be easy if you can invest what you can afford to lose. Trust bitcoin if you invest because others are doing it.

The bitcoin is the best to invest in the last few years. If you bought the bitcoin 7 years ago, you are rich.

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Quote from: Techie5879 on November 11, 2016, 03:04:47 AM

Yes, I think so, as the price is pretty much guaranteed to increase gradually. So, buying a safe amount and holding it, maybe till the next halving, if possible, is the best way, according to me, to get a good profit from bitcoins. This is just my opinion, you can do a bit of research on the forum itself to find out more.

Targeting for the next halving is a good goal, we have observed that when halving is near the price increases so we need to be optimistic of the future. Buy bitcoins now and that would be easy if you can invest what you can afford to lose. Trust bitcoin if you invest because others are doing it.

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Yes, I think so, as the price is pretty much guaranteed to increase gradually. So, buying a safe amount and holding it, maybe till the next halving, if possible, is the best way, according to me, to get a good profit from bitcoins. This is just my opinion, you can do a bit of research on the forum itself to find out more.

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Quote from: freedomgo on November 11, 2016, 02:47:51 AM

Quote from: Supebox on November 10, 2016, 10:41:27 PM

Yes its a good method to make some good money, the only downside is that you need a lot of patient to succeed into this and I do not have this at all so for me its not something that I prefer right now.

For sure it's not a downside, that is require and part of the strategy you will have to make in order to make a good amount of money. Holding a long time for your investment will give you more chance to grow your investment and that will make you feel comfortable when you see bitcoin is progressive.

Usually, a long term holder will not need to bother about fluctuations. In my country people do buy gold and save it for their entire life, they never worry about any sort them downfall. They are having complete faith with gold so they never worry about any fluctuations too.

Similarly, if we trust in to bitcoin ecosystem we can be completely worry free. Just keep on adding more bitcoin in to our hoarding would be the only thing we need to do in our rest of life.

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Quote from: Supebox on November 10, 2016, 10:41:27 PM

Yes its a good method to make some good money, the only downside is that you need a lot of patient to succeed into this and I do not have this at all so for me its not something that I prefer right now.

For sure it's not a downside, that is require and part of the strategy you will have to make in order to make a good amount of money. Holding a long time for your investment will give you more chance to grow your investment and that will make you feel comfortable when you see bitcoin is progressive.

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Yes its a good method to make some good money, the only downside is that you need a lot of patient to succeed into this and I do not have this at all so for me its not something that I prefer right now.

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Quote from: crairezx20 on November 10, 2016, 02:17:29 PM

Quote from: grandy on November 10, 2016, 02:13:58 PM

Quote from: mirakal on November 10, 2016, 02:17:25 AM

Quote from: Caladonian on November 10, 2016, 02:01:43 AM

Quote from: zombie007 on November 10, 2016, 01:16:22 AM

Quote from: thebatletbet on November 09, 2016, 10:40:53 PM

Quote from: elyas772 on November 09, 2016, 09:56:09 PM

it's a good way to growing our money, holding bitcoin is part of my life

but trade it with profit is better than holding bitcoin.

holding bitcoin a long time is good to take profit
but not maximal potential profit, is good trading is in day trading and compounding system

long term investment is more profitable that short time investment, but you need to invest a good amount for long term investment, as you have to wait for a long time and to give some good time for trading therefore you need to put some good amount for long term investment so as to get some good profit.

if that's the maybe you should make a half for your long term investment and the other half to trading and make some good plan to grow
your btc more if you got some good assessment and study deeper for sure you will possibly double or more your investment.

Depends really on your plan as there are investors who prefer to do both, short term investment will give you active income and will minimize the risk as you need to be active and educate yourself on the recent events since bitcoin price movement is news driven.

every one has their own choice but to me short term investment is more risky than long term investment, in short term investment if the price goes down you will certainly book lost as you cannot wait for the price to return to its previous position while in long term investment you can wait for a long time no problem the price is getting low or raising to some points.

Yeah there is a people like that they are not have a patient to wait for the price increase instead of holding it for a long time they are selling it even they are lose.. that is why they are not making a good profit.. if you are investors you should wait for a long time and monitor the price incease until the price can be increase by 20 to 50 percent profit..before you can sell and earn profit..

Reality is that if price starts falling then people get panic very easily and start selling their coins as they lack patience, and if you are investing your money in bitcoins then you need to hold them for a very long time to make descent profits from it and if you are lacking patience then you are investing your money at the wrong place.

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Quote from: crairezx20 on November 10, 2016, 02:17:29 PM

Yeah there is a people like that they are not have a patient to wait for the price increase instead of holding it for a long time they are selling it even they are lose.. that is why they are not making a good profit.. if you are investors you should wait for a long time and monitor the price incease until the price can be increase by 20 to 50 percent profit..before you can sell and earn profit..

For those don't have patience to hold it for a long time, there is the investiment options.

Hold btcs can be good, but not the best alternative in my opinion, anyone can find better alternatives investing money on good sites to make profit. Need to avoid from scammer sites and find only legit ones to invest.

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Quote from: grandy on November 10, 2016, 02:13:58 PM

Quote from: mirakal on November 10, 2016, 02:17:25 AM

Quote from: Caladonian on November 10, 2016, 02:01:43 AM

Quote from: zombie007 on November 10, 2016, 01:16:22 AM

Quote from: thebatletbet on November 09, 2016, 10:40:53 PM

Quote from: elyas772 on November 09, 2016, 09:56:09 PM

it's a good way to growing our money, holding bitcoin is part of my life

but trade it with profit is better than holding bitcoin.

holding bitcoin a long time is good to take profit
but not maximal potential profit, is good trading is in day trading and compounding system

long term investment is more profitable that short time investment, but you need to invest a good amount for long term investment, as you have to wait for a long time and to give some good time for trading therefore you need to put some good amount for long term investment so as to get some good profit.

if that's the maybe you should make a half for your long term investment and the other half to trading and make some good plan to grow
your btc more if you got some good assessment and study deeper for sure you will possibly double or more your investment.

Depends really on your plan as there are investors who prefer to do both, short term investment will give you active income and will minimize the risk as you need to be active and educate yourself on the recent events since bitcoin price movement is news driven.

every one has their own choice but to me short term investment is more risky than long term investment, in short term investment if the price goes down you will certainly book lost as you cannot wait for the price to return to its previous position while in long term investment you can wait for a long time no problem the price is getting low or raising to some points.

Yeah there is a people like that they are not have a patient to wait for the price increase instead of holding it for a long time they are selling it even they are lose.. that is why they are not making a good profit.. if you are investors you should wait for a long time and monitor the price incease until the price can be increase by 20 to 50 percent profit..before you can sell and earn profit..

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Quote from: mirakal on November 10, 2016, 02:17:25 AM

Quote from: Caladonian on November 10, 2016, 02:01:43 AM

Quote from: zombie007 on November 10, 2016, 01:16:22 AM

Quote from: thebatletbet on November 09, 2016, 10:40:53 PM

Quote from: elyas772 on November 09, 2016, 09:56:09 PM

it's a good way to growing our money, holding bitcoin is part of my life

but trade it with profit is better than holding bitcoin.

holding bitcoin a long time is good to take profit
but not maximal potential profit, is good trading is in day trading and compounding system

long term investment is more profitable that short time investment, but you need to invest a good amount for long term investment, as you have to wait for a long time and to give some good time for trading therefore you need to put some good amount for long term investment so as to get some good profit.

if that's the maybe you should make a half for your long term investment and the other half to trading and make some good plan to grow
your btc more if you got some good assessment and study deeper for sure you will possibly double or more your investment.

Depends really on your plan as there are investors who prefer to do both, short term investment will give you active income and will minimize the risk as you need to be active and educate yourself on the recent events since bitcoin price movement is news driven.

every one has their own choice but to me short term investment is more risky than long term investment, in short term investment if the price goes down you will certainly book lost as you cannot wait for the price to return to its previous position while in long term investment you can wait for a long time no problem the price is getting low or raising to some points.

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Quote from: housebtc on November 10, 2016, 12:20:57 PM

Bitcoin has proven to be one of the most profitable asset to hold but it can only appreciate in terms of dollar value but it won't increase the number of your Bitcoin holdings. Holding is not a good decision to me, remember the parable of the talents in the Bible, the ones with 10 and 5 talents went out to trade with it and multiply their talents but the one with one talent hold it and was collected from him because if fails to multiply to do anything with it.

Agreed, holding bitcoins will never multiply the number of your coins in your wallet but if you try to grow them with trading then you can expect higher amount of coins in your wallet in long run, so for me holding is the unprofitable thing to with bitcoins where we have many opportunities to grow them.

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Bitcoin has proven to be one of the most profitable asset to hold but it can only appreciate in terms of dollar value but it won't increase the number of your Bitcoin holdings. Holding is not a good decision to me, remember the parable of the talents in the Bible, the ones with 10 and 5 talents went out to trade with it and multiply their talents but the one with one talent hold it and was collected from him because if fails to multiply to do anything with it.

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Quote from: 2double0 on November 10, 2016, 09:59:15 AM

Quote from: freedomgo on November 10, 2016, 09:56:19 AM

Quote from: Wolf_Pack on November 10, 2016, 08:20:25 AM

Quote from: goldcoinminer on November 10, 2016, 08:14:52 AM

Quote from: 1Referee on November 10, 2016, 07:22:50 AM

Quote from: elyas772 on November 09, 2016, 09:56:09 PM

it's a good way to growing our money, holding bitcoin is part of my life

but trade it with profit is better than holding bitcoin.

Why limiting yourself to doing one thing, when you can do both long term holding and short term trading at the same time? I do exactly that. I have a certain amount of coins in my cold wallets that I will not touch in the coming 5-10 years (I have been holding them since early 2013). This is my long term investment.

Alongside that, I have a certain number of coins combined with a certain amount of fiat that I use to do my trading. That's how I get my profits. It doesn't really matter for me if the price goes down significantly, or goes up significantly. I make profit whilst trading either way. It takes plenty of my time, but it's definitely worth it.

Exactly, why not do both.. having both in your investment plan would minimize the risk in investing. There is no assurance that you can make profit in the future, but with short term investment there's a big possibility that you will make profit as you can monitor the price.

Yeah there is no guarantee that long term holding will give only profits to you, if price drops dramatically then holding will be useless so its always good to take benefits from short term fluctuations to make quick profits and that can be done if we are investing our money in trading bitcoins or altcoins.

Of course, there's no guarantee that is why we are here in investing as the risk is present, with what I see with bitcoin, I believe it's profitable investment and would be more profitable in the future, so I will definitely invest with the future of bitcoin but not all my money.

We are talking about holding bitcoins for a long time being a better opportunity or not, but not about going all into bitcoins, so let's stay connected with the topic here. Wink

And it is definitely a better way to hold it without the risk of trading it if you have bought it at lower prices, because it will definitely boom up in the future.

Making profits only from holding will depend on what volume of bitcoins you are holding, you cannot expect to make huge profits if you are holding 1 or 2 bitcoins, and if that is the case with you then its better to put those coins in trading to grow them and it will also give you quick profits at regular intervals.

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Quote from: freedomgo on November 10, 2016, 09:56:19 AM

Quote from: Wolf_Pack on November 10, 2016, 08:20:25 AM

Quote from: goldcoinminer on November 10, 2016, 08:14:52 AM

Quote from: 1Referee on November 10, 2016, 07:22:50 AM

Quote from: elyas772 on November 09, 2016, 09:56:09 PM

it's a good way to growing our money, holding bitcoin is part of my life

but trade it with profit is better than holding bitcoin.

Why limiting yourself to doing one thing, when you can do both long term holding and short term trading at the same time? I do exactly that. I have a certain amount of coins in my cold wallets that I will not touch in the coming 5-10 years (I have been holding them since early 2013). This is my long term investment.

Alongside that, I have a certain number of coins combined with a certain amount of fiat that I use to do my trading. That's how I get my profits. It doesn't really matter for me if the price goes down significantly, or goes up significantly. I make profit whilst trading either way. It takes plenty of my time, but it's definitely worth it.

Exactly, why not do both.. having both in your investment plan would minimize the risk in investing. There is no assurance that you can make profit in the future, but with short term investment there's a big possibility that you will make profit as you can monitor the price.

Yeah there is no guarantee that long term holding will give only profits to you, if price drops dramatically then holding will be useless so its always good to take benefits from short term fluctuations to make quick profits and that can be done if we are investing our money in trading bitcoins or altcoins.

Of course, there's no guarantee that is why we are here in investing as the risk is present, with what I see with bitcoin, I believe it's profitable investment and would be more profitable in the future, so I will definitely invest with the future of bitcoin but not all my money.

We are talking about holding bitcoins for a long time being a better opportunity or not, but not about going all into bitcoins, so let's stay connected with the topic here. Wink

And it is definitely a better way to hold it without the risk of trading it if you have bought it at lower prices, because it will definitely boom up in the future.

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Quote from: Wolf_Pack on November 10, 2016, 08:20:25 AM

Quote from: goldcoinminer on November 10, 2016, 08:14:52 AM

Quote from: 1Referee on November 10, 2016, 07:22:50 AM

Quote from: elyas772 on November 09, 2016, 09:56:09 PM

it's a good way to growing our money, holding bitcoin is part of my life

but trade it with profit is better than holding bitcoin.

Why limiting yourself to doing one thing, when you can do both long term holding and short term trading at the same time? I do exactly that. I have a certain amount of coins in my cold wallets that I will not touch in the coming 5-10 years (I have been holding them since early 2013). This is my long term investment.

Alongside that, I have a certain number of coins combined with a certain amount of fiat that I use to do my trading. That's how I get my profits. It doesn't really matter for me if the price goes down significantly, or goes up significantly. I make profit whilst trading either way. It takes plenty of my time, but it's definitely worth it.

Exactly, why not do both.. having both in your investment plan would minimize the risk in investing. There is no assurance that you can make profit in the future, but with short term investment there's a big possibility that you will make profit as you can monitor the price.

Yeah there is no guarantee that long term holding will give only profits to you, if price drops dramatically then holding will be useless so its always good to take benefits from short term fluctuations to make quick profits and that can be done if we are investing our money in trading bitcoins or altcoins.

Of course, there's no guarantee that is why we are here in investing as the risk is present, with what I see with bitcoin, I believe it's profitable investment and would be more profitable in the future, so I will definitely invest with the future of bitcoin but not all my money.

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