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

[ipanks]

According to my opinion, I believe so, but right now things to do that is storing your coins safe. Don't store BTC on any exchange and yet keep saving coin bank.
Risks occurring is very high when you choose don't properly secure solutions

why isn't it safe?

Because there will some split that is about to happen on August 1. And if you will let your bitcoins stored on exchange there will be chances that it will lost forever. Why? Because you are not holding the private keys of your bitcoin and once it happened that is going to be one of the worst day ever, your bitcoins will be gone forever.

That would be a true nightmare. Can you even imagine that you lost all of your bitcoins forever?

This is absolutely terrible. For this, we're responsible to get ready for the possible split.

It's absolutely one of the worsts day that is going to happen if you lost all your bitcoins. That's why I put it now on electrum where I have the seed, private keys and master public keys and I can recover my wallet any time. So for you people out there that is still not prepared before August 1. Make sure that you hold those keys.

i think our bitcoin is not loss if we save in offline wallet. but i think we can still save our bitcoin in exchange but not in big amount so we still can doing trading. if there is any split like many rumor said, then we can have new coins and if the price is high then we can have free money for selling the coins.

[batang_bitcoin]

-snip-

i think our bitcoin is not loss if we save in offline wallet. but i think we can still save our bitcoin in exchange but not in big amount so we still can doing trading. if there is any split like many rumor said, then we can have new coins and if the price is high then we can have free money for selling the coins.

Yes it won't be lose if you'll store your bitcoins on your offline wallet. It's advisable to store your bitcoins not on exchange but to an offline wallet where you have full control of your private keys.

-snip-

I am sure that you wont loose you coins but you might loose the benefits of the split as usually you are supposed to get coin on a equal ratio of 1:1 if there is a split and if you save your coins in exchanges then you wont get those but that does not mean that your coins will vanish because the coin with the biggest followers will be the leader and that will be the coin you will be getting if you store your coins in an exchange.

Oh yes, thanks for correcting me mate. Yes you won't lose your bitcoin but once the split happens and you don't have control on your keys we can't tell what's possible to happen to the exchange. If they will decide to support the chain that they have but if you stored your bitcoins in an offline wallet, you can have two chains.

[coynedterm]

It's absolutely one of the worsts day that is going to happen if you lost all your bitcoins. That's why I put it now on electrum where I have the seed, private keys and master public keys and I can recover my wallet any time. So for you people out there that is still not prepared before August 1. Make sure that you hold those keys.

I am sure that you wont loose you coins but you might loose the benefits of the split as usually you are supposed to get coin on a equal ratio of 1:1 if there is a split and if you save your coins in exchanges then you wont get those but that does not mean that your coins will vanish because the coin with the biggest followers will be the leader and that will be the coin you will be getting if you store your coins in an exchange.

Yeah , here I also support that holding the Bitcoin for long time is not a better way of investment of your money , because only price increases in the Bitcoin not the amount , amount will remain same as it was earlier .
So more better way to invest to your Bitcoin is the trading , because at one side you will bought the coins and at other side you will invest in altcoins to make the amount increase slowly slowly. 
And second thing here to put money in the exchange is not safe , I am.not saying at risk but reality is that we can't make ourselves free that our money in the exchange is fully safe ( fear of the robbery of eth coin at many exchange in past ) , so if you want to go for long term investment then more better will be to put your money at the the direct address whose private key is in your hand .

[shezzamin]

If you want to get maximum profit, analyze a coin and invest on it for atleast few weeks.
Dont hold any coin for long term. Unlike Bitcoin, each altcoin has to follow its pattern and must dump and pump after specific year.

[CryptoCowwboy]

I believe the most important questions can be found on each coins website. Do your research: who started the company, were they an original founder/cofounder of bitcoin, if not look at their experience, what is the purpose of the coin, is it mineable, does it have a maximum quantity as bitcoin. There are altcoins that will rise in value but you must do your homework before you buy a coin. Best Wishes!

[albertvert]

I believe the most important questions can be found on each coins website. Do your research: who started the company, were they an original founder/cofounder of bitcoin, if not look at their experience, what is the purpose of the coin, is it mineable, does it have a maximum quantity as bitcoin. There are altcoins that will rise in value but you must do your homework before you buy a coin. Best Wishes!

To my opinion it's the correct time to make the money today.It's around 3353$ .Which is 300$ greater than today. Of you are satisfied with today price means you can sell it today or else keep your bitcoin for longer as much as possible and sell it.You will became richest person.

[Zenithar]

I believe the most important questions can be found on each coins website. Do your research: who started the company, were they an original founder/cofounder of bitcoin, if not look at their experience, what is the purpose of the coin, is it mineable, does it have a maximum quantity as bitcoin. There are altcoins that will rise in value but you must do your homework before you buy a coin. Best Wishes!

To my opinion it's the correct time to make the money today.It's around 3353$ .Which is 300$ greater than today. Of you are satisfied with today price means you can sell it today or else keep your bitcoin for longer as much as possible and sell it.You will became richest person.

yes that is right that we have a very good opportunity to hold bitcoin in present time and make money from it. in fact the price of bitcoin is expected to increase and raise too high therefore i think those people who will hold bitcoin in present time can make good profit from it. but they also need to study about the interest of the people so that to take a right decision in right time.

[dimonstration]

I believe the most important questions can be found on each coins website. Do your research: who started the company, were they an original founder/cofounder of bitcoin, if not look at their experience, what is the purpose of the coin, is it mineable, does it have a maximum quantity as bitcoin. There are altcoins that will rise in value but you must do your homework before you buy a coin. Best Wishes!

To my opinion it's the correct time to make the money today.It's around 3353$ .Which is 300$ greater than today. Of you are satisfied with today price means you can sell it today or else keep your bitcoin for longer as much as possible and sell it.You will became richest person.

yes that is right that we have a very good opportunity to hold bitcoin in present time and make money from it. in fact the price of bitcoin is expected to increase and raise too high therefore i think those people who will hold bitcoin in present time can make good profit from it. but they also need to study about the interest of the people so that to take a right decision in right time.

Holding long time not bad but need to think of that and take advantage of it not all the time you can always do that while holding make a personal study, being calm and be patience would help you a lot.

[nmaryrai]

What happens is true, holding bitcoin for a long time makes us have more money. Look at investors holding bitcoins for at least 1 year before. Maybe they're laughing happily find bitcoin price is as crazy like today.

[CreedCoin]

Holding BTC is a safe investment but I think there is more money to be made by trading.

As long as you do your research and buy decent coins, your profit will always be in BTC

So personally I think BTC is still the best coin to invest in, I grow my BTC by trading other coins.

I have been using the reference of this free software that predicts future markets of several coins. www.cryptoforesight.org

I hold other coins for fun, but I focus on holding BTC mainly.

trading has helped me grow my Bitcoins faster than anything else.

[passwordnow]

What happens is true, holding bitcoin for a long time makes us have more money. Look at investors holding bitcoins for at least 1 year before. Maybe they're laughing happily find bitcoin price is as crazy like today.

HOlding is the way to richest. If you have the patience to hold your bitcoin for a very long time, you are on the right way of investing it. Holding is investing and even not just 1 year, if you want to make better amount you just have to wait and watch the civil war of bitcoin against other alt coins. Sit back and just relax.

[Japinat]

What happens is true, holding bitcoin for a long time makes us have more money. Look at investors holding bitcoins for at least 1 year before. Maybe they're laughing happily find bitcoin price is as crazy like today.

HOlding is the way to richest. If you have the patience to hold your bitcoin for a very long time, you are on the right way of investing it. Holding is investing and even not just 1 year, if you want to make better amount you just have to wait and watch the civil war of bitcoin against other alt coins. Sit back and just relax.

It is going to be a healthy competition as bitcoin is rising, altcoins will also follow, it is not the old days that when bitcoin is up altcoins will die, now we can see there are altcoins who rise together with bitcoins. People are more educated now and they invest not only because of the hype but because of the usefulness of the project, true there are shit coins still but people does not fall victims of it anymore unlike the old days.

[ivanst776]

I believe the most important questions can be found on each coins website. Do your research: who started the company, were they an original founder/cofounder of bitcoin, if not look at their experience, what is the purpose of the coin, is it mineable, does it have a maximum quantity as bitcoin. There are altcoins that will rise in value but you must do your homework before you buy a coin. Best Wishes!

To my opinion it's the correct time to make the money today.It's around 3353$ .Which is 300$ greater than today. Of you are satisfied with today price means you can sell it today or else keep your bitcoin for longer as much as possible and sell it.You will became richest person.

yes that is right that we have a very good opportunity to hold bitcoin in present time and make money from it. in fact the price of bitcoin is expected to increase and raise too high therefore i think those people who will hold bitcoin in present time can make good profit from it. but they also need to study about the interest of the people so that to take a right decision in right time.

Holding long time not bad but need to think of that and take advantage of it not all the time you can always do that while holding make a personal study, being calm and be patience would help you a lot.

Indeed, we can't hold onto coins all the time because obviously we need to cash them out or sell them off when the prices are touching sky in order to enjoy the profit.

Buying Bitcoin at cheap prices and holding them for pumping phase is the best method of making money. But holding even when the prices are beyond your expectations sometimes put you in loss.

[rhamzter]

What happens is true, holding bitcoin for a long time makes us have more money. Look at investors holding bitcoins for at least 1 year before. Maybe they're laughing happily find bitcoin price is as crazy like today.

HOlding is the way to richest. If you have the patience to hold your bitcoin for a very long time, you are on the right way of investing it. Holding is investing and even not just 1 year, if you want to make better amount you just have to wait and watch the civil war of bitcoin against other alt coins. Sit back and just relax.

Holding bitcoin is not bad idea but not all the time, because sometimes there's a chance that bitcoin value is raised up into our ideal price but due to not monitoring of price in the market sometimes it will pass and cannot come back. Especially in bitcoin their price was so unpredictable.

[arpon11]

I think the most risk free way to make money now is through buying and hold for long-term purpose. I have seen people turning few dollars into a millions dollars. You only need to buy at the right time. Trading is always wisdom display as buying now can make you another millions before another 5 years to come.

[Sled]

I think the most risk free way to make money now is through buying and hold for long-term purpose. I have seen people turning few dollars into a millions dollars. You only need to buy at the right time. Trading is always wisdom display as buying now can make you another millions before another 5 years to come.

I also believe that long term holding for bitcoin is the best thing to do when we want to be rich or even millionaire in the future. Bitcoin is one of the best investment so far and buying bitcoin now and holding or keeping it for long term is such a good decision to be made because it might be the answer for all your prayers to become rich.

[ankylotic]

If you want to get maximum profit, analyze a coin and invest on it for atleast few weeks.
Dont hold any coin for long term. Unlike Bitcoin, each altcoin has to follow its pattern and must dump and pump after specific year.

yeah its true mate but usually if we talk about bitcoin holding is profitable and yeah some time it not gave good result but mostly according to my experience it gives a reasonable amount of profit but not in the case of all altcoins or tokens.

[dream_maker82]

It all depends on what purpose. If you get a small profit, you can sell it as soon as the price rises to the desired mark, and if you want to fly to the moon, you can hold it for several years.

[Bezobraznike]

It all depends on what purpose. If you get a small profit, you can sell it as soon as the price rises to the desired mark, and if you want to fly to the moon, you can hold it for several years.

   Purpose is profit of course, after a long time of waiting. Holding bitcoin for a long time is not a good it is a perfect way to make money. Just invest money and forget about it, you do not need to do any thing
about it, does it sounds like something perfect? To me yes, and until now bitcoin is great investment that is brining profit, nothing will change in the future, bitcoin will keep on bringing profit of a long time from
now.
   Here we not talking about monthly earning with trading, I see many people are going off-topic here about it. Long term is more then couple years in my opinion, like 4-5 or more years of patient waiting. Look
at the price 5 years ago, now close your eyes and try to imagine price in 5 years from now, if you buy now how much profit you can make?

[ElitistCA]

I believe the most important questions can be found on each coins website. Do your research: who started the company, were they an original founder/cofounder of bitcoin, if not look at their experience, what is the purpose of the coin, is it mineable, does it have a maximum quantity as bitcoin. There are altcoins that will rise in value but you must do your homework before you buy a coin. Best Wishes!

To my opinion it's the correct time to make the money today.It's around 3353$ .Which is 300$ greater than today. Of you are satisfied with today price means you can sell it today or else keep your bitcoin for longer as much as possible and sell it.You will became richest person.

yes that is right that we have a very good opportunity to hold bitcoin in present time and make money from it. in fact the price of bitcoin is expected to increase and raise too high therefore i think those people who will hold bitcoin in present time can make good profit from it. but they also need to study about the interest of the people so that to take a right decision in right time.

Holding long time not bad but need to think of that and take advantage of it not all the time you can always do that while holding make a personal study, being calm and be patience would help you a lot.

Our time is gold, holding just waste your time if not have some plans for take advantage the opportunity on market. Why still keep it when the price reach to highest price in all time? We also know most trader scared the value of Bitcoin after breakdown $3000 and continue reach highest price, so have many trader want out Bitcoin and waiting buying back, we can sell our coin as them and buying back after the FOMO on market ended.