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

[NicosKaralis]

I depends. If you bought the bitcoins with fiat, yes, waiting will be a good way to make money. However, if you earned the bitcoins, waiting won't give you more bitcoins, they will just be worth more fiat. You'll earn PURCHASE POWER, but not money.

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[CryptoBjorn]

I think it is good to hold some bitcoins for the future because the bitcoin is gonna get a lot bigger in the future.
Long term investments are good although the bitcoin is of course unpredictable so no one knows it.

[ultimatesky]

It could be good to hold your bitcoins for a long term, keep in mind there are more risks that you have to take to do this but it will also maybe be more profitable at the end.
A long term investment can let you gain a lot of money if the bitcoin grows to a very large currency.

[avw1982]

I think it is good to hold some bitcoins for the future because the bitcoin is gonna get a lot bigger in the future.
Long term investments are good although the bitcoin is of course unpredictable so no one knows it.

Bank's will come with their own Bitcoin replacement with a much larger acceptance. They have learned a lot by spending not much will copy and do it better, sooner or later Bitcoin will become history. Do business now and profit from the up and downs just get ride of before it become worthless.

[harizen]

It is obviously good if you will remove your greediness about the price target of selling.

Learn to take profits. Not to bag all your expected price targets as sometimes it will just give you a big regrets.

[rababo]

If you buy bitcoin at low price and sell it at high price, then it's good move to hold it.
When you think you already make good profit, sell it. Or you'll regret you are not sell it at good price.

[Piltover]

Holding the bitcoin is good for sure, if you now already hold the bitcoin for a short term its already profitable compared with a long term it will most likely even be more profitable because the bitcoin has a really good future.
The only thing you have to keep in mind is that the bitcoin is unpredictable so you need to take some risks to make profit, like most investments of course.

[Mr. Big]

If you buy bitcoin at low price and sell it at high price, then it's good move to hold it.
When you think you already make good profit, sell it. Or you'll regret you are not sell it at good price.

It's not necessarily needed to wait very long for the price to increase and sell, a small spike could be more profitable in short terms...Though we all know that price might be good if we wait longer, but what if the price was stunned again and fall just like last year and starts to crawl slowly before it could regain back to it's price right now...

[Aamir1]

If you buy bitcoin at low price and sell it at high price, then it's good move to hold it.
When you think you already make good profit, sell it. Or you'll regret you are not sell it at good price.

Yeah, it is good to hold your coins and sell them when you see a reasonable price, but if someone becomes greedy and hold them for too long for waiting for more profit then it can reduce the profit you could get from the previous price, because the price is not stable, it can rise or fall down any time so we can't really know if when it will go high and when it will come down.

[randy8777]

If you buy bitcoin at low price and sell it at high price, then it's good move to hold it.
When you think you already make good profit, sell it. Or you'll regret you are not sell it at good price.

Yeah, it is good to hold your coins and sell them when you see a reasonable price, but if someone becomes greedy and hold them for too long for waiting for more profit then it can reduce the profit you could get from the previous price, because the price is not stable, it can rise or fall down any time so we can't really know if when it will go high and when it will come down.

some people indeed tend to wait too long with securing profits, but it's easily solved when you use stop loss orders. it's quite helpful when you want to wait a bit longer before securing profits. that's what i some times do. but i prefer to trade 100% manually.

[bakingbad]

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?

if you look for fastest way, then this is not for you, but if you want a easy way to get profit, then holding bitcoins is awesome for you, because you don't need any work just buy them

if you work for faster way, then you should try trading, buy coins when they are cheap and sell when expensive, this way is faster and might give more money but it needs more time

[HarryKPeters]

When time is not your friend, like me, then buying coins for the longer term, let's say 3-5 years is a safe thing to do.
But remember, with every investment you should diversify. So never put all your eggs in 1 basket. Invest some in bitcoin
some money into stocks and most definitely some in a savings account.

[KennyR]

Yes it is good to hold your bitcoin for a long term because the bitcoin has a really good future if you ask me compared with other currency's.
The bitcoin is the future of all currency''s so investing for a long term is very profitable and good for sure.

Yeah bitcoin has a good future as well it will get used as a currency of the future. But holding for long term is profitable but not sure about the very long term holding.

Holding Bitcoin is good to save your money with it, but you cant earn money if you are holding your Bitcoins, because you are doing nothing you can do it least trade or gamble.
But some people dont know how to do so they are only waiting for a good price increase and that is also good but they have to wait only and that is bored.

Yeah as you suggested trading gives a extra profit, but requires time to spend. Gambling helps in multiplying our bitcoin only if we are lucky else our wallet balance decreases gradually.

[sured44]

When time is not your friend, like me, then buying coins for the longer term, let's say 3-5 years is a safe thing to do.
But remember, with every investment you should diversify. So never put all your eggs in 1 basket. Invest some in bitcoin
some money into stocks and most definitely some in a savings account.

don't think if you can lend your coins with proper collateral then mostly like or 100% sure you can make profits because if some one don't payback also you can still sell the collateral to recover back your money with interest.

[IamAlwaysLearning]

Holding it is the best idea cause it is unlikely that the price will go down to 0. It is the same with holding fiat, the money will either be worth more or less. With bitcoins the price drops or rises all the time, if you hold long enough, you will win. That's logic - simple and right.

[BruceLee007]

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?

as lots of people says, it is pretty good way to earn money, it is not fastest way you can find, but it almost have no huge risk and it is very easy, you don't have to work very hard

but it is better way to earn money than gambling or investing, because they are very risky, but holding bitcoins is not better way than trading as it gives more profit

[AlexBits]

No that is only good to save some money, if you want to make money and you are holding for a price increase than you can do many things instead of waiting.
You can gamble or the best thing that you can do is trading so you can earn some a little bit money with it and that is good enough.

[beduku22]

No that is only good to save some money, if you want to make money and you are holding for a price increase than you can do many things instead of waiting.
You can gamble or the best thing that you can do is trading so you can earn some a little bit money with it and that is good enough.

Bitcoin is very volatile right now, but there seems to be a huge movement in support for it right now. I do not recommend selling it right now, nor buying.

[sidrab14]

No that is only good to save some money, if you want to make money and you are holding for a price increase than you can do many things instead of waiting.
You can gamble or the best thing that you can do is trading so you can earn some a little bit money with it and that is good enough.

holding anything who have abig value,its a good way to make money. always.

[BitcoinMalaysia]

I would hold it and keep it invested. You can grow your btc while linking it to a real-world index e.g. the S&P 500.

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