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

[carlerha]

Yes, I think the price of Bitcoin will increase some more in the next few months. The demand for it has not gone down and has increased exponentially but the supply is going down due to halving.

the fact that bitcoin getting rare and rare day by day should convinced enough
people actually aware already about this
they just too afraid to make decision to invest in bitcoin
what else make people shouldn't invest in long term? this is pretty clear , rare thing make more precious.

it is not right to say that bitcoin is becoming rare and rare as he number of miners of bitcoin are also increasing and so the supply of bitcoin is pretty good therefore there is still no shortage of bitcoin, but it is a fact that the number of bitcoin users s increasing from day to day.

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[whizter]

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

In every type of investments all of them are risky. And even though holding is just a simple type of investment but this is not an easy way to get good money. Because this can be a one time profit depending on how long you are going to hold bitcoin. But this type of investment has been proved to be one of the best investment.

yes there is no doubt about this that all kind of investment are risky but to me long term investment is less risky as compare to short term investment, and is  also more profitable, but if you are going for long term investment then you have to invest a good amount of bitcoin as you have to wait for a long time therefor it is good to invest some good amount so a as to get a good profit in return.

[outatime1]

I think those that buy and hold will always make a profit as long as you hold for a few years. The deflationary characteristic of bitcoin almost makes it definite as long as bitcoin doesn't fail.

[mirakal]

I think those that buy and hold will always make a profit as long as you hold for a few years. The deflationary characteristic of bitcoin almost makes it definite as long as bitcoin doesn't fail.

All the time that buying bitcoins will be profitable after holding it. So if you are that a very patient person and you have a stable source of income, then holding of bitcoins can be another platform and good investment for you. Whether you will hold it just for days, months or even year. Still that will help you to generate income.

Patience is important alongside with our capital, holding a long time is beneficial to us if we have a decent investment so by the time the price will increases we can cash out a big amount of money. We have seen the trend already and bitcoin's price is increasing.

[Bitcoin0916]

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

[michkima]

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

300% is still quite good for an investment for two years. But, sadly you could have waited a little longer before you sold them all.

[sabbirshm]

I think those that buy and hold will always make a profit as long as you hold for a few years. The deflationary characteristic of bitcoin almost makes it definite as long as bitcoin doesn't fail.

All the time that buying bitcoins will be profitable after holding it. So if you are that a very patient person and you have a stable source of income, then holding of bitcoins can be another platform and good investment for you. Whether you will hold it just for days, months or even year. Still that will help you to generate income.

Patience is important alongside with our capital, holding a long time is beneficial to us if we have a decent investment so by the time the price will increases we can cash out a big amount of money. We have seen the trend already and bitcoin's price is increasing.

I agree with this point we all need more patient.We should wait & watch the market carefully.And don't Lose hope and trust bitcoin.Bitcoin didn't disappointed early people and many of them are rich now.So, we should make a big investment and wait for the price goes high.

[Fatanut]

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

300% is still quite good for an investment for two years. But, sadly you could have waited a little longer before you sold them all.

Actually if he has that mindset, he'll never be able to sell his coins. Why? It's because of the thought that maybe tomorrow's a better day. The thought of maybe he should wait a little longer. My advice is to man up and just be proud that you've sold your coin at that price and not lower than the price when you've invested. Keep in mind that there are also people that have their money in fiat saved for years, they don't even have a $1 profit. Be happy that you're one of the people that invested in bitcoins.

[BitHodler]

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

300% profit and you feel disappointed? It's 150% in profits per year if you calculate it that way. People investing in stocks are already happy with around 10-15% in profits on a yearly basis.

You have done an outstanding job with making such profits. There aren't many people here that can say the same. You should feel good about it.

[Ryananda]

I think those that buy and hold will always make a profit as long as you hold for a few years. The deflationary characteristic of bitcoin almost makes it definite as long as bitcoin doesn't fail.

All the time that buying bitcoins will be profitable after holding it. So if you are that a very patient person and you have a stable source of income, then holding of bitcoins can be another platform and good investment for you. Whether you will hold it just for days, months or even year. Still that will help you to generate income.

Patience is important alongside with our capital, holding a long time is beneficial to us if we have a decent investment so by the time the price will increases we can cash out a big amount of money. We have seen the trend already and bitcoin's price is increasing.

I agree with this point we all need more patient.We should wait & watch the market carefully.And don't Lose hope and trust bitcoin.Bitcoin didn't disappointed early people and many of them are rich now.So, we should make a big investment and wait for the price goes high.

Yes hold bitcoin in a long time also requires patience to wait for prices to rise. We must continue to monitor the market in order to know the development of price fluctuations. But it is very risky because if the price drops that will reduce our profit. Better if bitcoin bitcoin fell away immediately secured by selling it. If the price of bitcoin has been steady and maybe you can buy bitcoin and invest again.

[dustboy]

Yes hold bitcoin in a long time also requires patience to wait for prices to rise. We must continue to monitor the market in order to know the development of price fluctuations. But it is very risky because if the price drops that will reduce our profit. Better if bitcoin bitcoin fell away immediately secured by selling it. If the price of bitcoin has been steady and maybe you can buy bitcoin and invest again.

You said that it requires patience, but your suggestion is not a patient way on trading. Sell it immediately if the price down? How if you bought it when the price was higher than when you are going to sell it? Do you prefer to lose your money rather than waiting till the price rise again?
Would it be better if when the price fall down then it is the right time for you to buy more btc?

[StarofBTC]

Yes hold bitcoin in a long time also requires patience to wait for prices to rise. We must continue to monitor the market in order to know the development of price fluctuations. But it is very risky because if the price drops that will reduce our profit. Better if bitcoin bitcoin fell away immediately secured by selling it. If the price of bitcoin has been steady and maybe you can buy bitcoin and invest again.

You said that it requires patience, but your suggestion is not a patient way on trading. Sell it immediately if the price down? How if you bought it when the price was higher than when you are going to sell it? Do you prefer to lose your money rather than waiting till the price rise again?
Would it be better if when the price fall down then it is the right time for you to buy more btc?

It will depend on market situations and predictions on future price levels. Selling in down market will save anyone but we need to do that only if we are very much sure about how long market may go down. But personally, I do not want to sell bitcoins for any reason I had kept my bitcoins sleeping even when prices were slashed out from ATH to $200 levels.

[ethereumhunter]

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

not much people can reach 300% for 2 years and i think you are lucky person to see the increasing price of bitcoin and i think 300% is enough for you and now you can start to buy bitcoin or you can earning in more ways again, hold it for more than 1 years from now, then you can see that the price will be increase more than now.

[Mr.grin]

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

not much people can reach 300% for 2 years and i think you are lucky person to see the increasing price of bitcoin and i think 300% is enough for you and now you can start to buy bitcoin or you can earning in more ways again, hold it for more than 1 years from now, then you can see that the price will be increase more than now.

Well, you're right. moreover, it is the way that it has a very small risk. I think to do that with some of the bitcoin, but only one reason it is very difficult to endure in many years. very difficult to hold him in years because of rising prices high enough to make you lose control and sell bitcoin that you have, or use it for anything else.

[lol3c]

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

not much people can reach 300% for 2 years and i think you are lucky person to see the increasing price of bitcoin and i think 300% is enough for you and now you can start to buy bitcoin or you can earning in more ways again, hold it for more than 1 years from now, then you can see that the price will be increase more than now.

Since early 2016, Bitcoin only increased nearly 200%, not very much according to the previous halving event. Holding bitcoin is absolutely a good way to make money but you need to be patient because it seems like nobody can keep their bitcoin for at least 1 years. Furthermore, at the moment, bitcoin price does not rise significantly like it used to in the past. Therefore, nowadays, if you want to earn huge income from holding bitcoin, you must hold them for at least 2 years from now.

[TechnologyExplorer]

Hello,

I guess yes. As the said digital currency is surging more than our expectations, it will hit the $800 mark within no time. So, you can easily make money by selling your bitcoins when the time seems ripe.

For instance, 5 of my friend have bought 3 BTC each in 2013 for just $584. Then they got some interest on their bitcoins savings very recently.

One has also invested in Crediblefriends and made some money by lending.

Now, all of them are planning to sell the coins early next year. They are expecting that the currency will go beyond $800 by then and they can make some profit.

Isn't that a good way to make money.

[serjent05]

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

not much people can reach 300% for 2 years and i think you are lucky person to see the increasing price of bitcoin and i think 300% is enough for you and now you can start to buy bitcoin or you can earning in more ways again, hold it for more than 1 years from now, then you can see that the price will be increase more than now.

how about learn the art of trading altcoin.  Instead of holding your bitcoin and wait for the price increase, how about make your bitcoin multiply and wait for the bitcoin price to increase.  If you make this kind of strategy, you can grow your earning exponentially.  I am not against holding bitcoin for a long run, I just find it time wasting if you just hold it and wait for the price increase when there is a way that you can multiply your earning.

[richardsNY]

According as my experience, when I was bought 15 bitcoin about 2 years ago, if I sell for now I get profit more than 500%. But I regret it, because most of my already sell a few days before halving day or 4 months ago and I only get profit not more 300%. And now, my current focus is only to collect the bitcoin and I will not sell any time soon.

not much people can reach 300% for 2 years and i think you are lucky person to see the increasing price of bitcoin and i think 300% is enough for you and now you can start to buy bitcoin or you can earning in more ways again, hold it for more than 1 years from now, then you can see that the price will be increase more than now.

how about learn the art of trading altcoin.  Instead of holding your bitcoin and wait for the price increase, how about make your bitcoin multiply and wait for the bitcoin price to increase.  If you make this kind of strategy, you can grow your earning exponentially.  I am not against holding bitcoin for a long run, I just find it time wasting if you just hold it and wait for the price increase when there is a way that you can multiply your earning.

Altcoin trading requires you to understand what risks you're exposing yourself to. If you understand that, then you'll also know that trading altcoins is quite similar to gambling in some cases. It's the hope that a lot people investing in altcoins thrive on, and not some sort of skill that they have been building up. Another thing, instead of only holding, you can do trading at the same time.

[Shenzou]

i wouldn't call it a good way it is like any other way to make money out of nothing it has its risks like if the bitcoin price goes down or if the bitcoin gets banned then you regret holding it , the wise thing to do here is to spend half on trading and investing and store the other just in case

[tabas]

i wouldn't call it a good way it is like any other way to make money out of nothing it has its risks like if the bitcoin price goes down or if the bitcoin gets banned then you regret holding it , the wise thing to do here is to spend half on trading and investing and store the other just in case

I can get your point that you don't likely want the way holding of bitcoin goes on. But for me, I've proven that this is a good way to make money for a long term goal. So, if you will hold a lot of bitcoins for years then that will give you decent profit as the price fluctuation of bitcoin is just always increasing, it might fall but not that too much.