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

[clipman77]

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...

Yes, it's not a bad Bitcoin Pyramid, if there are many who want to buy, the price goes up when there are no buyers, we go down.

[michietn94]

Yeah ofcourse. Take a look on the past, who doesn't expected that bitcoin become valuable after $ 10.000 bubble incident.
Actually I was shocked too. If only I knew bitcoin earlier, I'm probably hold BTC 10.000 for this year rather than buy pizza with BTC 10.000 before bubble incident happen

[chaser15]

Yeah ofcourse. Take a look on the past, who doesn't expected that bitcoin become valuable after $ 10.000 bubble incident.
Actually I was shocked too. If only I knew bitcoin earlier, I'm probably hold BTC 10.000 for this year rather than buy pizza with BTC 10.000 before bubble incident happen

Agree to this.

But hey guys , do you think it can back again to $1000 mark ?

[ikydesu]

Yeah ofcourse. Take a look on the past, who doesn't expected that bitcoin become valuable after $ 10.000 bubble incident.
Actually I was shocked too. If only I knew bitcoin earlier, I'm probably hold BTC 10.000 for this year rather than buy pizza with BTC 10.000 before bubble incident happen

Actually $1000 not $10.000
Of course if i know the future and have 10.000BTC i will HOLD it

-snip-
But hey guys , do you think it can back again to $1000 mark ?

Who knows, maybe next 5-10 years.

Just HOLD your some coins for the bubble in the future.

[Amph]

Yeah ofcourse. Take a look on the past, who doesn't expected that bitcoin become valuable after $ 10.000 bubble incident.
Actually I was shocked too. If only I knew bitcoin earlier, I'm probably hold BTC 10.000 for this year rather than buy pizza with BTC 10.000 before bubble incident happen

Agree to this.

But hey guys , do you think it can back again to $1000 mark ?

for sure, previous ath are always achieved once again, don't listen to such thing as "maybe in 5-10 years", reache 1k in 10 years for bitcoin would mean that bitcoin failed miserably

i believe that many cannot get the whole picture and consider how insignificant is bitcoin right now, in comparison to what it is aiming for, its market cap is a joke, its TX volume its a joke, everything is ridiculously below the real expectation, by many orders of magnitude

[Argwai96]

Most likely holding for a long time will give you a lot of benefit has day actors suffer more to the emotions of trading, if your a long term investment try and setup 3 buy level at the current price 250, 220 and 200 and then just wait 10 years for natural bitcoin growth.

[Bitdonator]

Sure it is.... Bitcoin will have very high price after 2-3 block halving

[notlist3d]

Sure it is.... Bitcoin will have very high price after 2-3 block halving

This is something we all hope.  But there is really no way to know. 

Bitcoin is still pretty new.  I mean we don't even know what will happen on the next halving.  Will be interesting to see miners though on it.

[Phix]

What if the price drops? 

[notlist3d]

What if the price drops? 

Keep holding is anwser most do.   And hope it does not drop to less than what you paid.

But yes a price change dropping can and does happen.  But as of right now we have been on a nice slow ride upwards.

[TinEye]

What if the price drops? 

it can not drop, imho, because we are rising nicely, why it should drop at this point? it would be senseless, the price did have many occasions to drop in the past, and it was always holding strong, it has never fallen to sub 200, i find it pretty safe to invest in bitcoin for the moment

[chaser15]

Lucky those who buy bitcoin in low price a month ago.

[Roshiba]

Lucky those who buy bitcoin in low price a month ago.

im the one sir
buy @$215

should i dump all now ?

[Xialla]

Lucky those who buy bitcoin in low price a month ago.

im the one sir
buy @$215

should i dump all now ? :)

ahh, you have to consider by yourself, what to do with own money:) anyway, I bought at ~220 and I will HODL them for next XY years. Just be strong and if you are not in finance need, enjoy the feeling, that you are getting richer every day..:)

[chaser15]

Lucky those who buy bitcoin in low price a month ago.

im the one sir
buy @$215

should i dump all now ?

Of course nooo 

Lucky those who buy bitcoin in low price a month ago.

im the one sir
buy @$215

should i dump all now ?

ahh, you have to consider by yourself, what to do with own money:) anyway, I bought at ~220 and I will HODL them for next XY years. Just be strong and if you are not in finance need, enjoy the feeling, that you are getting richer every day..

Exactly. If people really not need to spend those beloved coins now hold it for now.

[dezoel]

What if the price drops? 

holding is the best answer,
I'm waiting for the price of the bitcoin as last year, when it reached 500 $/btc

[Xialla]

What if the price drops? 

holding is the best answer,
I'm waiting for the price of the bitcoin as last year, when it reached 500 $/btc

uhh, but once it reach 500USD, I hope, that you will just smile little bit and HODL until 1k, 2k, 5k and MOON. I'm right?

[dezoel]

What if the price drops? 

holding is the best answer,
I'm waiting for the price of the bitcoin as last year, when it reached 500 $/btc

uhh, but once it reach 500USD, I hope, that you will just smile little bit and HODL until 1k, 2k, 5k and MOON. I'm right?

no, you're wrong...
I will not hold my bitcoin if the price was up to 500 $/more.
Maybe I will wait for the price down a bit and buy it again ...

[Xialla]

no, you're wrong...
I will not hold my bitcoin if the price was up to 500 $/more.
Maybe I will wait for the price down a bit and buy it again ...

haha I bet that you will, is so tempting to HODL longer and longer, once bitcoin price start climbing.) and don't even want to mention, how shitty feeling it is sell some BTC, if you HODL them for long months..you will see

[chaser15]

Well the bottom line here is , just hold bitcoins and keep it rocks in the future. Only convert bitcoins to real money when needed.