Is Holding Bitcoin a long time good way to make money?

[lamadu3]

Yes because it really need a lot of time before you achieve your desired profit. Bitcoin for now is bleeding, it is very unpredictable when it pumps again.
You will suffer to losses or you can only have a little bit amount of profit if you just sell your coins without good timing.

In general, it is good to keep Bitcoins for a pretty long time. However, I would say that everything depends on the market situation. You can sell BTC on the peak and then buy the coins again then the price is low.

[wbk940122]

It's not really profitable in short time  , last year btc hit 20k and right now 8k  , do you think it is profitable ? sell at high price and buy back at low price.

[felmitof]

Holding bitcoin "really" a good way to make money but its much better to hold it occasionally. What I mean is make profit than waiting long time to boost its price. In this way, you can acquired more coins while at the same time gaining profit without waiting too much in time.

[sensimilia]

Bitcoin will bring more profit if you choose the strategy of keeping it for a long period of time. The next 4-5 years its price evidently will grow several times and if you are smart enough you’ll hold it. Short-time trading is possible also but is very dangerous.

[vmklq]

Yes, investing in bitcoin is indeed a long-term investor's choice. If you invest in bitcoin and want to make a profit in the short term, I think this is impossible. Although bitcoin can only do long-term investment, I think that you will get more profits.