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

[ranlo]

In general, isn't holding BTC always a good thing since the price of it is pretty low now?

yes it is. if somebody recently asked me "is good time to buy for longterm", I'm generally saying "yes, for sure, and doesn't matter if one BTC is for 220 or 260". Based on various projections and articles, we are still in very early stage and if you buy something even today, you will be considered as early adopter..ofc if bitcoin succeed...

and holding? ohh buy, I love holding so much...it is so cool, really:)

Seriously... nobody knows this answer. It's all subjective. Bitcoin could die in a month. It could have some fatal flaw that demolishes its value. X could happen. Y could happen. Anyone claiming it's this foolproof method of increasing wealth is delusional. If it was that foolproof, guess what: every major investor would be pouring 100% of their funds in it. After all, a 100% way to increase wealth is a hell of a lot better than going after mediocre 6-7% APY stocks that often have down years.

[bitbaby]

The price is slowly going up and although it would be called just speculation at this point I think we'll be getting over 300 in a week or so, it could be due to what's happening in Greece, people are not being allowed their own money kept in their accounts and Banks are showing their true evil face, think about if it happened to you. Do you really want to keep your money in banks any more? I don't, I'll hodl mine in Bitcoin and it time it will bring a nice ROI.

[dezoel]

NO

better way is buy Hold sell if profit 1-20% buy again if price down
that simple way if you can do it 100x/month you can buy ferrari

but not easy to do it

that's what he meant ...
as i said "long time" doesn't mean "long time"...
that's can be shorter,

[ranlo]

The price is slowly going up and although it would be called just speculation at this point I think we'll be getting over 300 in a week or so, it could be due to what's happening in Greece, people are not being allowed their own money kept in their accounts and Banks are showing their true evil face, think about if it happened to you. Do you really want to keep your money in banks any more? I don't, I'll hodl mine in Bitcoin and it time it will bring a nice ROI.

While I don't fully understand the Greece situation, based on what I've read, it would have little to no impact on Bitcoin, as the issue is people are trying to get their money and can't (in which case they also can't buy into BTC). Any growth at this point I'd take as being organic, due to the massive strides being made by various projects and businesses.

[cryptojumper]

Yes, of course it's a good way to make money by hodling bitcoin for a long time, at least it seems so for now.., but I mean for the long term.., because for the short term there are other way which requires more knowledge and skill like trading, altcoin trading, various investment options and stuff

[ranlo]

Yes, of course it's a good way to make money by hodling bitcoin for a long time, at least it seems so for now.., but I mean for the long term.., because for the short term there are other way which requires more knowledge and skill like trading, altcoin trading, various investment options and stuff

And then if Bitcoin dies, you'll turn around and say "wow, I shouldn't have held long-term!"

Quit acting like this is a perfect scenario, when it's not. Holding Bitcoin is still VERY MUCH a high-risk situation.

[lorylore]

Yes, of course it's a good way to make money by hodling bitcoin for a long time, at least it seems so for now.., but I mean for the long term.., because for the short term there are other way which requires more knowledge and skill like trading, altcoin trading, various investment options and stuff

And then if Bitcoin dies, you'll turn around and say "wow, I shouldn't have held long-term!"

Quit acting like this is a perfect scenario, when it's not. Holding Bitcoin is still VERY MUCH a high-risk situation.

Just check this year and last year price of the bitcoin? not a stable price. Wonder what will happened in near future? it's high high risk

[cryptojumper]

Yes, of course it's a good way to make money by hodling bitcoin for a long time, at least it seems so for now.., but I mean for the long term.., because for the short term there are other way which requires more knowledge and skill like trading, altcoin trading, various investment options and stuff

And then if Bitcoin dies, you'll turn around and say "wow, I shouldn't have held long-term!"

Quit acting like this is a perfect scenario, when it's not. Holding Bitcoin is still VERY MUCH a high-risk situation.

Just check this year and last year price of the bitcoin? not a stable price. Wonder what will happened in near future? it's high high risk

Yes, it's high high risk, but still a good way to make money long term. Quit acting requires more knowledge and you can get burned big time. So you don't want to spend days studying crypto just buy some btc, hold, and you should be fine in the long run Unless BTC collapses of course...

[Mayuyu48]

depending how good bitcoin price in the future
kinda speculative, and seems high risk
for example, your question is asked on 2010 when bitcoin price still low (take example $0.1) . And someone holding bitcoin from 2010 till 2013. And he sold it when bitcoin worth $1000. It's good way to make money from investing on bitcoin
But other condition can happen too, just like you buy bitcoin now on $250, and you holding it for a year. But bitcoin prices keep failing and only worth $10 when you decide to sell it. It's bad way to losing money

[Amph]

Yes, of course it's a good way to make money by hodling bitcoin for a long time, at least it seems so for now.., but I mean for the long term.., because for the short term there are other way which requires more knowledge and skill like trading, altcoin trading, various investment options and stuff

And then if Bitcoin dies, you'll turn around and say "wow, I shouldn't have held long-term!"

Quit acting like this is a perfect scenario, when it's not. Holding Bitcoin is still VERY MUCH a high-risk situation.

Just check this year and last year price of the bitcoin? not a stable price. Wonder what will happened in near future? it's high high risk

not a fair comparison, last year price was returning from the 1200 ath which was a heavily manipulated price, and do not reflect a normal behaviour of a market increase

now the price is finally between a goo demand and supply, with a slightly better demand than supply, and we are climbing nicely, there is no risk now

[ranlo]

Yes, of course it's a good way to make money by hodling bitcoin for a long time, at least it seems so for now.., but I mean for the long term.., because for the short term there are other way which requires more knowledge and skill like trading, altcoin trading, various investment options and stuff

And then if Bitcoin dies, you'll turn around and say "wow, I shouldn't have held long-term!"

Quit acting like this is a perfect scenario, when it's not. Holding Bitcoin is still VERY MUCH a high-risk situation.

Just check this year and last year price of the bitcoin? not a stable price. Wonder what will happened in near future? it's high high risk

not a fair comparison, last year price was returning from the 1200 ath which was a heavily manipulated price, and do not reflect a normal behaviour of a market increase

now the price is finally between a goo demand and supply, with a slightly better demand than supply, and we are climbing nicely, there is no risk now

There's no risk? Seriously? If you believe this, put 100% of your funds in Bitcoin, and then don't complain to use if it crashes. This is a naive statement on your part. Bitcoin is a HIGH risk.

[Amph]

Yes, of course it's a good way to make money by hodling bitcoin for a long time, at least it seems so for now.., but I mean for the long term.., because for the short term there are other way which requires more knowledge and skill like trading, altcoin trading, various investment options and stuff

And then if Bitcoin dies, you'll turn around and say "wow, I shouldn't have held long-term!"

Quit acting like this is a perfect scenario, when it's not. Holding Bitcoin is still VERY MUCH a high-risk situation.

Just check this year and last year price of the bitcoin? not a stable price. Wonder what will happened in near future? it's high high risk

not a fair comparison, last year price was returning from the 1200 ath which was a heavily manipulated price, and do not reflect a normal behaviour of a market increase

now the price is finally between a goo demand and supply, with a slightly better demand than supply, and we are climbing nicely, there is no risk now

There's no risk? Seriously? If you believe this, put 100% of your funds in Bitcoin, and then don't complain to use if it crashes. This is a naive statement on your part. Bitcoin is a HIGH risk.

i have 100% of my fund in bitcoin  , i only dump some for emergencies, otherwise i'm holding 100%, people are overestimating the bitcoin risk, there is more reward than risk with bitcoin, for as I see it

[Rmcdermott927]

Holding now is the most viable option.  I sl would hold until the halving next year.  That will push up the price a bit. 

[pooya87]

~~~
I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.

i'd say there are two groups, one is doing day trading and just profit from the ups and downs every day and gather the profits.
the other is the ones who believe in bitcoin and bought what they could and are holding it for the future.

there are others too, who don't know what they want and jump on every corner.

In general, isn't holding BTC always a good thing since the price of it is pretty low now?  Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster.  But since its in the $200-$300 range, isn't having BTC always good?

it is definitely a good idea to buy bitcoin and hold it. but you have to keep volatility of bitcoin price in mind.

[Muhammed Zakir]

Is holding USD a long time, a good way to make money?

[tyrexs]

i dont know, every investment have a risk for lost, but im holding a little bitcoin because i have prediction price will up in this year.

[98problems]

i dont know, every investment have a risk for lost, but im holding a little bitcoin because i have prediction price will up in this year.

you are right, even gold prices can fluctuate really sharply so i guess no one knows, though you can predict it with real life events

[ikydesu]

depending how good bitcoin price in the future
-snip-

Well imagine if you wait until next year for example for monitoring btc price good or not, then for the next year bitcoin price is have a good price, then you speculate that's good chance to buy, then you buy but, that's otherwise.
Use technical analysis, it's based on past movement.

Is holding USD a long time, a good way to make money?

Could be, and exchange to local currency


~iki

[pooya87]

Is holding USD a long time, a good way to make money?

yes, it can be if you are living in a developing country where 1 USD is equal to couple of thousand of your fiat and it grows over time. then it is a great way to make money, or better save money.

[talkbitcoin]

i am holding bitcoin for the price to go up to the moon