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Author Topic: Is Holding Bitcoin a long time good way to make money?  (Read 366825 times)
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October 08, 2017, 02:12:43 AM
 #2901

Yeah since the beginning of this year we have seen massive growth in the price of bitcoins and nobody thought that price will achieve such new heights and we can expect the same growth in coming years too so I don't see any risk in investing in bitcoins even at current price as in long run price will surely go higher.

You can't always predict the future by looking at the past. I hope that BTC exchange rates will continue to increase in the future. But there are quite a few obstacles. The first one is the block size. Even if they increase the block size to 2 MB (or even 4 MB), it is going to become inadequate if the number of users continue to grow at the current rates.

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October 09, 2017, 06:47:35 AM
 #2902

Definitely yes. When I first started in buying Bitcoin, I started from $3,500 and now Bitcoin is about $4,200 dollars. That's a pretty fast gain, right? As Bitcoin become popular and some countries are now accepting it as payment, the more people buy Bitcoin, the more its value increases.

agree, holding in for a long time is a good way to make money, but it takes a long time, better to use for trading because if we are lucky in trading then get faster profit

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October 09, 2017, 08:05:00 AM
 #2903

Basing from some historical data, bitcoin does increase value with time. No one really expected it to have more value than gold. But to generate a good income you should also invest in altcoins not only in bitcoin. Hodling is one of the method to make money but it really is time consuming. There are a lot of ways to earn which give some valuable returns like investment, saving and trading.
Sorry but I will never ever suggest investing into altcoins. They are neither good for long term investment nor short term. Altcoins in my opinion are mere wastage of money and time whereas investing into bitcoin is a guarantee of great profits.

Bitcoin is the only digital currency at the moment that can generate the profit you aspire to have. Holding them for long time is the best method of making money in crypto world.

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October 09, 2017, 08:54:02 AM
 #2904

Sorry but I will never ever suggest investing into altcoins. They are neither good for long term investment nor short term. Altcoins in my opinion are mere wastage of money and time whereas investing into bitcoin is a guarantee of great profits.

Bitcoin is the only digital currency at the moment that can generate the profit you aspire to have. Holding them for long time is the best method of making money in crypto world.

But there are altcoins that has real value because they are useful. Besides there are those coins that would give dividends and those Proof-of-Stake coins that gives you like an interest perhaps of 20% per day like Embercoin. When you also store Neo in your wallet, you will have free GAS. I think altcoins like this are good investment. It would depend then if you want to invest on it for short term or long term. There's a lot of altcoins that would generate more profit than bitcoin as long as you know when to buy and when to sell. There is also bitconnect where you earn a certain percentage when you let others borrow your coins. There are a lot of choices actually that would let you generate more income not just bitcoin. We also have to entertain the idea of diversifying our investments.

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October 09, 2017, 02:11:25 PM
 #2905

Basing from some historical data, bitcoin does increase value with time. No one really expected it to have more value than gold. But to generate a good income you should also invest in altcoins not only in bitcoin. Hodling is one of the method to make money but it really is time consuming. There are a lot of ways to earn which give some valuable returns like investment, saving and trading.
Sorry but I will never ever suggest investing into altcoins. They are neither good for long term investment nor short term. Altcoins in my opinion are mere wastage of money and time whereas investing into bitcoin is a guarantee of great profits.

Bitcoin is the only digital currency at the moment that can generate the profit you aspire to have. Holding them for long time is the best method of making money in crypto world.

The altcoin market is sort of a battle field. The weak gets eaten, and the strong ones get the most profits. Right now, the old ICOs of this forum are all down. I guess whales have started to move to a different coin or maybe they have already left long ago and all that's left are just bagholders waiting for a pump that will never happen. So now we are all left holding a lot of shit coins. I'm not really sure if it's a good idea what I did today. I bought multiple coins that just recently got dumped.

With that note, most altcoins are not a good way to make money for holding a long time. One pump and you should go out of the market then invest on another coin. There are only a couple of coins that have followed their roadmap and have made audience and volume for doing so. Others are just there, left to be forgotten.

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October 09, 2017, 04:06:59 PM
 #2906

Surely you're right when you said, You're sure to earn it if you hold it for a long time. Just like those who hold bitcoins in 2015 where the price is at just $ 200 now see how many times it has raised almost 20x And let's say you've bought at least 10 Bitcoins. Congratulations because you're a millionaire. So it's not too late because the price of bitcoins is increasing and you just keep holding it

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October 09, 2017, 04:29:54 PM
 #2907

Basing from some historical data, bitcoin does increase value with time. No one really expected it to have more value than gold. But to generate a good income you should also invest in altcoins not only in bitcoin. Hodling is one of the method to make money but it really is time consuming. There are a lot of ways to earn which give some valuable returns like investment, saving and trading.
Sorry but I will never ever suggest investing into altcoins. They are neither good for long term investment nor short term. Altcoins in my opinion are mere wastage of money and time whereas investing into bitcoin is a guarantee of great profits.

Bitcoin is the only digital currency at the moment that can generate the profit you aspire to have. Holding them for long time is the best method of making money in crypto world.

The altcoin market is sort of a battle field. The weak gets eaten, and the strong ones get the most profits. Right now, the old ICOs of this forum are all down. I guess whales have started to move to a different coin or maybe they have already left long ago and all that's left are just bagholders waiting for a pump that will never happen. So now we are all left holding a lot of shit coins. I'm not really sure if it's a good idea what I did today. I bought multiple coins that just recently got dumped.

With that note, most altcoins are not a good way to make money for holding a long time. One pump and you should go out of the market then invest on another coin. There are only a couple of coins that have followed their roadmap and have made audience and volume for doing so. Others are just there, left to be forgotten.
Well, first, I want to say is that we always rely on the past of Bitcoin to predict its future but we should know that nothing is forever, bitcoin can not increase forever, it will still have a point to stop, maybe today, maybe a year or 10 years later, we can not know the future. So holding the bitcoin for a long time still has many disadvantages and risks, it is not the best way to make money, it's just the safest. Talk about trading, life is never fair, the strong will survive, want more money, you need to rob other people's money, and trading is the way we rob money, it is also the best way to make money, do not complain or say bad things about trading, you do not earn profits because you are not good, simple, do not try to justify

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October 10, 2017, 09:52:32 AM
 #2908

Basing from some historical data, bitcoin does increase value with time. No one really expected it to have more value than gold. But to generate a good income you should also invest in altcoins not only in bitcoin. Hodling is one of the method to make money but it really is time consuming. There are a lot of ways to earn which give some valuable returns like investment, saving and trading.
Sorry but I will never ever suggest investing into altcoins. They are neither good for long term investment nor short term. Altcoins in my opinion are mere wastage of money and time whereas investing into bitcoin is a guarantee of great profits.

Bitcoin is the only digital currency at the moment that can generate the profit you aspire to have. Holding them for long time is the best method of making money in crypto world.

The altcoin market is sort of a battle field. The weak gets eaten, and the strong ones get the most profits. Right now, the old ICOs of this forum are all down. I guess whales have started to move to a different coin or maybe they have already left long ago and all that's left are just bagholders waiting for a pump that will never happen. So now we are all left holding a lot of shit coins. I'm not really sure if it's a good idea what I did today. I bought multiple coins that just recently got dumped.

With that note, most altcoins are not a good way to make money for holding a long time. One pump and you should go out of the market then invest on another coin. There are only a couple of coins that have followed their roadmap and have made audience and volume for doing so. Others are just there, left to be forgotten.
It is really a battlefield and most of them are hugely experiencing a bloodbath. However, I would not count on it. I have a lot of altcoin portfolio right now and it would have been proper to sell before this time and apparently buy some at this dips but there is every possibility that some of them might still get pumped even before the fork.

This is a huge preparation for the fork and the rate at which the market is so unstable right now as people are pulling their assets out is sort of scary, but all the same, it will pass.

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October 10, 2017, 11:46:25 AM
 #2909

I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  I know last year it was $600 and the highest was when it was more than $1000 per bitcoin.  But since it is all the way down to $200-$300, isn't having bitcoin always good?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


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.



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?
2017 is a crazy year for bitcoin. Who ever expected bitcoin to rise dramatically above $4000 in just a matter of months?! So I guess some of you who kept your bitcoin from the time this thread was created may already be cruisin around the world right now  Wink
But I would say that it is still wise to invest in bitcoin because it will continue on rising in the coming years...gutt feeling... Cheesy

Yeah since the beginning of this year we have seen massive growth in the price of bitcoins and nobody thought that price will achieve such new heights and we can expect the same growth in coming years too so I don't see any risk in investing in bitcoins even at current price as in long run price will surely go higher.
No no, you have to remember if the whales want to make a huge profits from the cryptocurrency world, they need to spend a lot of money to pump the value of Bitcoin and other cryptocurrencies first. Then, when most of the trader are think the crypto world is the best way to make money and put all money into this field, that is the best time they take profits and withdrawal to FIAT Wink



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mirakal
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October 10, 2017, 12:09:13 PM
 #2910

Surely you're right when you said, You're sure to earn it if you hold it for a long time. Just like those who hold bitcoins in 2015 where the price is at just $ 200 now see how many times it has raised almost 20x And let's say you've bought at least 10 Bitcoins. Congratulations because you're a millionaire. So it's not too late because the price of bitcoins is increasing and you just keep holding it
Everyone has a chance to become a millionaire if we will trust bitcoin to make a big change in our life, you are right, it's not too late for anyone who haven't invested yet because bitcoin will still surely grow. The price that we see now is going to the top and will reach $5,000 soon and I am sure we are happy when bitcoin continue to rise. For those who are new, I would suggest to buy anytime and just hold it for long term and enjoy the profit that you will make in 5 to 10 years from now, this is a great retirement plan so let's grab it now.


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Intel 4004
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October 10, 2017, 12:12:25 PM
 #2911

Yes you can consider it as a long-term investment but remember that Bitcoin was created to make payments online and not as a digital asset.
I suggest everyone that replied in this thread to read Nakamoto's whitepaper Wink

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October 10, 2017, 12:24:16 PM
 #2912

Surely you're right when you said, You're sure to earn it if you hold it for a long time. Just like those who hold bitcoins in 2015 where the price is at just $ 200 now see how many times it has raised almost 20x And let's say you've bought at least 10 Bitcoins. Congratulations because you're a millionaire. So it's not too late because the price of bitcoins is increasing and you just keep holding it
Everyone has a chance to become a millionaire if we will trust bitcoin to make a big change in our life, you are right, it's not too late for anyone who haven't invested yet because bitcoin will still surely grow. The price that we see now is going to the top and will reach $5,000 soon and I am sure we are happy when bitcoin continue to rise. For those who are new, I would suggest to buy anytime and just hold it for long term and enjoy the profit that you will make in 5 to 10 years from now, this is a great retirement plan so let's grab it now.



Holding bitcoin is a good way to earn money as you said in 2015 the value was $ 200 but today the value is $ 5000.So the value of bitcoin is keeps increasing and the growth rate also very very good when we compared to other types of investment.
So buy your bitcoin today then keep it atleast for 10 or more years after that yiur bitcoin value will be climbed to very high value.
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October 10, 2017, 12:50:44 PM
 #2913

If we are going to figure out the previous current trend of bitcoin, we can see that it's beneficial for its traders and holders due to fluctiations/volitality. This is a path that that events can happen for future. Thus, we can say that it can be a long time to make money but the risk is always there like other investment programs.
Bitcoin has bring the new millionaire to the world and it is a fact that Google can show to us. The earlier bitcoiners who bought some good amount of it at very cheap rates of 10 to 50 dollars became rich by simply holding on to their asset for a long duration. If someone seeks grand profits out of it, the only way is to keep bitcoin in wallet for few years.
Don't forget about those people who suffering huge lost because of making bad decision on cutloss.
It is sometimes trading on crypto has no difference with money gaming.
Risky close to gambling , i could say like that as i have experienced similar things .

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ubeng07
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October 10, 2017, 01:10:41 PM
 #2914

If we are going to figure out the previous current trend of bitcoin, we can see that it's beneficial for its traders and holders due to fluctiations/volitality. This is a path that that events can happen for future. Thus, we can say that it can be a long time to make money but the risk is always there like other investment programs.
Bitcoin has bring the new millionaire to the world and it is a fact that Google can show to us. The earlier bitcoiners who bought some good amount of it at very cheap rates of 10 to 50 dollars became rich by simply holding on to their asset for a long duration. If someone seeks grand profits out of it, the only way is to keep bitcoin in wallet for few years.
Don't forget about those people who suffering huge lost because of making bad decision on cutloss.
It is sometimes trading on crypto has no difference with money gaming.
Risky close to gambling , i could say like that as i have experienced similar things .
There is a scenario that they hold it but it was stole from them so we dont have assurance if that would be profitable so if you choose to hold it make sure you have more secured on it. dont be comfortable that this is safe way holding. always think positive and negative that can be happen.

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October 10, 2017, 01:17:55 PM
 #2915

I think that technical analysis could help in optimizing trades.
Look here, in example

https://cryptocharting.blogspot.it/2017/10/oct-10-three-tenors-bitcoin-ripple-and.html

In my opinion the similarity underlined on Ethereum chart is surprising...
Xenophoto
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October 10, 2017, 01:38:23 PM
 #2916

Basing from some historical data, bitcoin does increase value with time. No one really expected it to have more value than gold. But to generate a good income you should also invest in altcoins not only in bitcoin. Hodling is one of the method to make money but it really is time consuming. There are a lot of ways to earn which give some valuable returns like investment, saving and trading.
Sorry but I will never ever suggest investing into altcoins. They are neither good for long term investment nor short term. Altcoins in my opinion are mere wastage of money and time whereas investing into bitcoin is a guarantee of great profits.

Bitcoin is the only digital currency at the moment that can generate the profit you aspire to have. Holding them for long time is the best method of making money in crypto world.

The altcoin market is sort of a battle field. The weak gets eaten, and the strong ones get the most profits. Right now, the old ICOs of this forum are all down. I guess whales have started to move to a different coin or maybe they have already left long ago and all that's left are just bagholders waiting for a pump that will never happen. So now we are all left holding a lot of shit coins. I'm not really sure if it's a good idea what I did today. I bought multiple coins that just recently got dumped.

With that note, most altcoins are not a good way to make money for holding a long time. One pump and you should go out of the market then invest on another coin. There are only a couple of coins that have followed their roadmap and have made audience and volume for doing so. Others are just there, left to be forgotten.
Well, first, I want to say is that we always rely on the past of Bitcoin to predict its future but we should know that nothing is forever, bitcoin can not increase forever, it will still have a point to stop, maybe today, maybe a year or 10 years later, we can not know the future. So holding the bitcoin for a long time still has many disadvantages and risks, it is not the best way to make money, it's just the safest. Talk about trading, life is never fair, the strong will survive, want more money, you need to rob other people's money, and trading is the way we rob money, it is also the best way to make money, do not complain or say bad things about trading, you do not earn profits because you are not good, simple, do not try to justify

Definitely agree with the "justify" part. In this world, people are basically just taking away something from other people. You do buy and sell but then you take away other people's money by selling the things that you bought low for a much higher price. It's the same thing with trading. Most of the time, the things that you bought low can be bought by the buyer too. The only thing is that they don't have the connection to the person you bought it from. Anyway, we exchange resources in exchange of another resource but then some people are trapped in a loophole where they stay poor for the rest of their lives. They earn some money, a bigger fish gets it from them. And so on. It's an endless loop that's why the poor would always stay poor. They are so low that it has become normal for the rich people to simply take away their resource.

You can think of life differently, of course. But this is another perspective. You can think of life as people trying to help each other or whatever, but I think this story is nearer to the truth.

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Ann Impas
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October 14, 2017, 01:45:42 AM
 #2917

Yes, because look at it now BTC exploded from $4800 now at $5600 which is a huge jump and now looking to be stable and can hit 7k after the fork.

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October 18, 2017, 11:56:15 AM
 #2918

Yes, because look at it now BTC exploded from $4800 now at $5600 which is a huge jump and now looking to be stable and can hit 7k after the fork.
Yes, The current prices of bitcoin has made it crystal clear that bitcoin is worth holding for long time. Those who kept holding bitcoin for last few months are on the top of the world at the moment since bitcoin has gone beyond the expected value and most probably it is going to be at 7000 dollars soon or by the end of this year. The best way of making money from bitcoin is holding them for long time.


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October 18, 2017, 12:30:08 PM
 #2919

I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  I know last year it was $600 and the highest was when it was more than $1000 per bitcoin.  But since it is all the way down to $200-$300, isn't having bitcoin always good?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


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.



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?

Yes it is absolutely gonna make you much money, especially before when the price and the value of it is not expensive. Bitcoins at first almost worth nothing, but look at it know, the value reachest 5000$+ so if you hold you bitcoins from the beginning until know you will be an instant millionaire without even doing anything. A lot of people are inspired on that thing because the most famous person who became millionaire because of bitcoins is a kid before and a teenage millionaire today.

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October 18, 2017, 12:42:33 PM
 #2920

Yes,obviously holding bitcoin is a good way of earning bitcoin.It is a very good way of make your money double in less time.I have bought 5BTC in last year when it's price was 900-1000$.And now bitcoin price has hit 5500$ so you can imagine the big profit I made in a year.Now I sold 3BTC and keep 2 BTC on a paper wallet because I think Bitcoin price will hit $10000 by next year.

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