Is Holding Bitcoin a long time good way to make money? - page 95.

Wolf_Pack

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Quote from: goldcoinminer on November 10, 2016, 07:14:52 AM

Quote from: 1Referee on November 10, 2016, 06:22:50 AM

Quote from: elyas772 on November 09, 2016, 08:56:09 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.

goldcoinminer

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Quote from: 1Referee on November 10, 2016, 06:22:50 AM

Quote from: elyas772 on November 09, 2016, 08:56:09 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.

1Referee

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Quote from: elyas772 on November 09, 2016, 08:56:09 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.

eagle10

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Yes its true and I agree. Holding bitcoin for long term is profitable. I am in awe knowing it could go up to million per piece of bitcoin. Wow! Many will be richer if they hold on to at least 1 bitcoin when that time comes.

Jewelettes

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I am simply ME.

I have an online wallet that I used to convert dollar to bitcoin and vice versa. I maintain a constant amount in my wallet, say 20 dollars worth of bitcoin, I checked it often, and would convert the excess bitcoin to dollars that I deposit in a bank later. This make my bitcoin holding profitable over a long period of time. I also trade crypto currency and stake other coins in an online wallet.

Let's talk crypto and whatever you have in mind...
Visit us at thecryptochat.net

See you there.

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Quote from: zombie007 on November 10, 2016, 12:16:22 AM

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.

I think long term investment in bitcoin is profitable as you observed bitcoin prices is higher compard to the vety beginning continue to rise. Though in between there up and down but in overall it is uptrend.

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Quote from: mirakal on November 10, 2016, 01:17:25 AM

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

Quote from: zombie007 on November 10, 2016, 12:16:22 AM

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

Quote from: elyas772 on November 09, 2016, 08:56:09 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.

No, shorter term investments are much riskier than the long term investments. Just like holding, even though holding is profitable.

But if you will going to think about it lighter, the risk of holding is really there. We can't assure if the price will fall or increase.

And base on my experience, holding is risky and yet profitable.

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

Quote from: zombie007 on November 10, 2016, 12:16:22 AM

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

Quote from: elyas772 on November 09, 2016, 08:56:09 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.

Caladonian

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Quote from: zombie007 on November 10, 2016, 12:16:22 AM

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

Quote from: elyas772 on November 09, 2016, 08:56:09 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.

zombie007

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

Quote from: elyas772 on November 09, 2016, 08:56:09 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.

thebatletbet

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Quote from: elyas772 on November 09, 2016, 08:56:09 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

elyas772

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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.

serjent05

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Quote from: Monnt on November 08, 2016, 02:13:34 PM

Quote from: markyminer on November 01, 2016, 02:53:14 PM

Quote from: xSkylarx on October 31, 2016, 01:39:19 AM

It's not that profitable if you just hold your bitcoin. Just holding it for a long time won't give you big profit. It's better to invest them to earn more so while you earn your bitcoin grows and as time passes your bitcoin's value also grows.

but to me only holding bitcoin and not investing it any where can also give you a good profit, as you can see that the price of bitcoin is increasing on regular bases there if you have bought some bitcoin in a low price can give you a good profit after some time. but you need to hod them and not to invest them any where else.

Yes it should be like buy some bitcoins and then forget about it. if you keep thinking that I have some bitcoins then you will surely get tempted to something advertised in altcoins section or gambling section. Maybe lock your bitcoins completely and unable to use them till 1 year.

Well investing in altcoin is not bad at all. It opens an opportunity for you to multiply your bitcoin but on the other side may reduce your bitcoins too if you failed to notice potential coins to shitcoins. But well if you are not comfortable with altcoins then I agree it is better to forget about your bitcoin for 1 year and see how much profit your holdings will give you after 1 year.

Monnt

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Quote from: markyminer on November 01, 2016, 02:53:14 PM

Quote from: xSkylarx on October 31, 2016, 01:39:19 AM

It's not that profitable if you just hold your bitcoin. Just holding it for a long time won't give you big profit. It's better to invest them to earn more so while you earn your bitcoin grows and as time passes your bitcoin's value also grows.

but to me only holding bitcoin and not investing it any where can also give you a good profit, as you can see that the price of bitcoin is increasing on regular bases there if you have bought some bitcoin in a low price can give you a good profit after some time. but you need to hod them and not to invest them any where else.

Yes it should be like buy some bitcoins and then forget about it. if you keep thinking that I have some bitcoins then you will surely get tempted to something advertised in altcoins section or gambling section. Maybe lock your bitcoins completely and unable to use them till 1 year.

Frank Alister

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If you hold your btc for along time you may lose all of them.If you see that the price is going up sell, if it is going down buy. So no it's not a good way to make money. One moment can change the world.

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Holding for too long would really be good especially if you do hold tons of bitcoins on your cold storage because if you do only hold 1 bitcoin and you intend to hold it for long term profits are not worth of the waiting time you made and you wont feel too much unlike to those huge amounts of bitcoins.
If you saw an oppotunity to grow even more on your bitcoin then proceed as long you know what you are doing.

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Its not about how much u can hold and how much it will increase..
I definitely feel it will increase every year.. Well hope so.
But if you know how to make more from that then I dont think you will be keep holding it.

BitHodler

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Quote from: grandy on November 08, 2016, 08:53:51 AM

Quote from: PokerFace3 on November 06, 2016, 08:25:11 AM

Quote from: izlevinv on November 02, 2016, 03:03:08 AM

If you are holding a small amount then it won't be a profitable decision, making profits from holding is a good option only if you are holding a huge amount of coins and if not then its better to keep them use in trading where you can grow your bitcoins and at the same time you will be making some profits too.

Yes holding or lets say investing in bitcoins for price rise needs a huge capital. If you hold 0.01 or 0.1 btc then the profit might not be so huge that you expect with holding.

You can also do price trading with holding bitcoins, like you hold them till the price doubles (the price at which you bought them) and then sell it, buy again at half and sell again at double. Needs patience and capital at its best.

yes i am also agree with the statement that holding bitcoin is too good, but it depend on the amount of bitcoin you going to hold, if you are holding a good amount of bitcoin then it is really good to hold bitcoin for a long time.

The number of coins that you have for long term hodling purposes doesn't really matter.

The only thing that matters is that you invest the amount that you can afford, and surely know from that you will not need it in the coming years.

If you take that into consideration, then you'll be a much stronger hodler as the urge of panic selling will then not be a problem for you.

Problems show up when people are investing, or better said, gambling with money that they can't afford to invest.

grandy

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Quote from: PokerFace3 on November 06, 2016, 08:25:11 AM

Quote from: izlevinv on November 02, 2016, 03:03:08 AM

If you are holding a small amount then it won't be a profitable decision, making profits from holding is a good option only if you are holding a huge amount of coins and if not then its better to keep them use in trading where you can grow your bitcoins and at the same time you will be making some profits too.

Yes holding or lets say investing in bitcoins for price rise needs a huge capital. If you hold 0.01 or 0.1 btc then the profit might not be so huge that you expect with holding.

You can also do price trading with holding bitcoins, like you hold them till the price doubles (the price at which you bought them) and then sell it, buy again at half and sell again at double. Needs patience and capital at its best.

yes i am also agree with the statement that holding bitcoin is too good, but it depend on the amount of bitcoin you going to hold, if you are holding a good amount of bitcoin then it is really good to hold bitcoin for a long time.

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Quote from: zcashcoins on November 05, 2016, 07:29:13 PM

I think it's good way for Beginner's who dont know about trading or other earning method.

For users who were not in desperate need of money can hold for a long time. Other than this users who have a good day job and consider bitcoin earning through different methods as an additional income can consider holding long which gives a good profit on long run.

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