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

[cryptojumper]

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

USD is suffering because of inflation since government is printing money. There is a whole different story with Bitcoin. While it is not a good way to make money holding USD long term, it is certainly a good way to make money holding Bitcoin long term, given that Bitcoin is gonna survive that is... Because Bitcoin has a finite amount and that amount is even too low for mass adoption and to be used by everybody, it might get increased, but certainly government won't print them like USD..

[Purple Wayne]

USD is suffering because of inflation since government is printing money. There is a whole different story with Bitcoin. While it is not a good way to make money holding USD long term, it is certainly a good way to make money holding Bitcoin long term, given that Bitcoin is gonna survive that is...

How do you know bitcoin will survive? bitcoin might be deflationary and fiat inflationary but either one of them could become worthless or devalue by a lot. Bitcoin is till very risky in my opinion.

Because Bitcoin has a finite amount and that amount is even too low for mass adoption and to be used by everybody, it might get increased, but certainly government won't print them like USD..

The amount of them that's going to be in circulation might not go up but their demand could go down, especially if something better comes along or it becomes unprofitable for the miners to mine.

[Muhammed Zakir]

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

USD is suffering because of inflation since government is printing money. There is a whole different story with Bitcoin. While it is not a good way to make money holding USD long term, it is certainly a good way to make money holding Bitcoin long term, given that Bitcoin is gonna survive that is...

How do you know bitcoin will survive? bitcoin might be deflationary and fiat inflationary but either one of them could become worthless or devalue by a lot. Bitcoin is till very risky in my opinion.

Bitcoin is adopted in many places and if this continues, it survives. Most of the times, we don't know whether it will survive or not but we believe it survives.

Because Bitcoin has a finite amount and that amount is even too low for mass adoption and to be used by everybody, it might get increased, but certainly government won't print them like USD..

The amount of them that's going to be in circulation might not go up but their demand could go down, especially if something better comes along or it becomes unprofitable for the miners to mine.

First one is possible. If something better comes and is adopted, Bitcoin is doomed. Second one is wrong because there will be a second way for confirming transactions at that time and difficulty most probably decreases which will help small scale miners.

[btc-facebook]

....

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?

If you were lucky to hold when bitcoin still earlier launch, we can got 10x times profit for holding them.
But for now, Holding bitcoin kindda worried because the price keep decrease. But still it can't be predictable, who knows bitcoin value will increase more than we can expected. It's just a matter of time that we want to keep it

[ShamrockHannah]

As long as you're good at hiding when it is low enough to buy and high enough to sell.get your timing right

[ranochigo]

In general Bitcoin holding is just like gambling. There is a viable amount of risk, almost the same as most gambling games. The price is highly volatile, a single event [eg. collapse of Mt gox] can affect the BTC price. It would make sense to only invest what you can lose and not your life savings. If you have invested at $1000, it wouldn't be a good investment if you look at it now. If you invested at $1, it would have been an excellent investment.

[thebenjamincode]

The answer is Yes. It's a good way to profit from bitcoin. Just sell it at higher price. Bitcoin fluctuates and in right time the value will surely goes up again. You can also do buy and sell in short period of time if you think you already earn some. The bitcoin now is at it's lower price and I believed that after few years, it will hit again on it's peak of 900 usd like before.

[kevinpaladin]

Well, you can have at least half of your Bitcoins in your wallet for a long time (if you are one of the believers that think the BTC exchange rate will peak in the future) and sell it once the rate is high. The other half can be exchanged often to keep the inflow of physical currency.

[fulluser]

Just holding i think no , yes it may rise in value to 900 or 100 but also go to 100 , there is the thing called  risk / reward ratio , and the risk associated with holding bitcoin is relatively high
I would suggest investing or trading to actively counter unfavorable price movements

[chaser15]

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

For me yes. It's better to hold it for now especially to those people who are not spending their bitcoin right now. We dont know what will happen in the future . In the movement of bitcoin today I positively see a good future again for bitcoin.

[BTCLovingDude]

i bought some bitcoin and i am going to keep them for at least a year

[jh0w4n1z]

you never know what will happen i have seen people making alot of money by holding bitcoins and i also have seen people loosing money because of holding it i rather prefer investing it then holding it

[ikydesu]

you never know what will happen i have seen people making alot of money by holding bitcoins and i also have seen people loosing money because of holding it i rather prefer investing it then holding it

People who lost their money by Holding is they not check the price frequently and forgot their coins.

Investing in what? Holding is easy way and low risk for the investment.

[vendetahome]

you never know what will happen i have seen people making alot of money by holding bitcoins and i also have seen people loosing money because of holding it i rather prefer investing it then holding it

People who lost their money by Holding is they not check the price frequently and forgot their coins.

Investing in what? Holding is easy way and low risk for the investment.

i would say opposite that people who forgot their coins when they were 1 dollar each and remembered  at 1k they got really rich

[lexuz]

If you have a lot money buy and holding. Wait when price up and you got profit, no need for long time for holding many coins.

[intrader]

For my own is risky holding Btc in a long terms,i remembered i got my btc average at 500 usd in 2014

[Amph]

For my own is risky holding Btc in a long terms,i remembered i got my btc average at 500 usd in 2014

it was expected to crash after that rise, no asset rise that much without a furious dump afterward

you should have not bought anything above 300, unless you're planning to short in the up trend

[zecexe]

Holding your BTC is good  but to invest is much effective  if you know for sure that your business will be successful. Remember also the risk that you might lose money if your careless and didn't study about investing before doing so.

[gkv9]

For my own is risky holding Btc in a long terms,i remembered i got my btc average at 500 usd in 2014

Don't worry, there were people who bought in BTC at $30 when it was pumped from $5, it crashed again, but see where it is now... Those guys are still in profit ~x9 - x10...

All the adopters, not just earlier but even latecomers will get at least one more chance to get out in profit...

[WWC-DEV]

Holding bitcoins would be good investment. Bitcoin will be over $5000 in 3 years. Many Euro countries would follow greece. Banks would close and bitcoin will be a easy alternative.