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Author Topic: Is Holding Bitcoin a long time good way to make money?  (Read 368850 times)
lissandra
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April 22, 2016, 05:43:02 PM
 #421

OP tell to us that he have bitcoin during the prices $220-$300 and if he really still have it and still hold the bitcoins till now i think he already got very much profit from that and i hope he really did it because since several days ago bitcoin prices has rise up and now pretty close to $450

If he stills holds it until now Im pretty sad for him. There are large fluctuations happens by the time he purchase the coins so he really missed lots of supposed profits when the price increase and dipped.

I`m sure he had common sense and sold when he saw a huge difference in $30-40 marks. Depending on how much he held.

Theres only so much one can take, esp when seeing those prices unless youre already rich.

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Zaun
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April 23, 2016, 08:08:26 PM
 #422

It really can be a good investment for a long term, of course its difficult to say but most likely it is to be honest.
I think the bitcoin has a very good future and because of that its also that it could be very good for a long term.
Holding bitcoins long term will bring you very nice gains. I believe so to, that's why I have a percentage of my bitcoins in the cold storage and I will not touch those for a while.

It will most likely let you gain a lot of money although this is also something that is not to predict because its the future what is going on.
The bitcoin is now not even stable and I also think its hard to see what is coming, the halving will be good of course.
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April 24, 2016, 07:24:57 AM
 #423

It really can be a good investment for a long term, of course its difficult to say but most likely it is to be honest.
I think the bitcoin has a very good future and because of that its also that it could be very good for a long term.
Holding bitcoins long term will bring you very nice gains. I believe so to, that's why I have a percentage of my bitcoins in the cold storage and I will not touch those for a while.

It will most likely let you gain a lot of money although this is also something that is not to predict because its the future what is going on.
The bitcoin is now not even stable and I also think its hard to see what is coming, the halving will be good of course.

It's depens on the price's predictions and then there is always a small risk to lose. But i think nowadays holding Bitcoins is good and profitable idea, because the price is increasing and we expect it's going up after the next halving.
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April 24, 2016, 02:07:57 PM
 #424

OP tell to us that he have bitcoin during the prices $220-$300 and if he really still have it and still hold the bitcoins till now i think he already got very much profit from that and i hope he really did it because since several days ago bitcoin prices has rise up and now pretty close to $450

If he stills holds it until now Im pretty sad for him. There are large fluctuations happens by the time he purchase the coins so he really missed lots of supposed profits when the price increase and dipped.

I`m sure he had common sense and sold when he saw a huge difference in $30-40 marks. Depending on how much he held.

Theres only so much one can take, esp when seeing those prices unless youre already rich.
Holding is only the safe way to save your money because if you are holding you are not losing any money so that is good for yourself.
But if you want to make money with Bitcoin you have to know that there are risks of course, without risks than you cant also make money.
gilangIDR
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April 24, 2016, 02:19:37 PM
 #425

better is your play money. because trading is doing the velocity of money. trading is not just to save money. Trading tells of buying and selling money / bitcoin.
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April 24, 2016, 06:15:58 PM
 #426

Better off buying gold or investing in stocks. If you have like $500-$1000 to just throw away, why not just throw Bitcoin in some cold wallet storage and hope for the best. I truthfully think you will be very disappointed though. More regulations, startup businesses, and worldwide knowledge about bitcoin has grown significantly. Its great to witness, but in part I believe this has caused the price to become more stable. Some people rather have a stable Bitcoin price, but if you are looking for that pipe dream of turning your investment into riches I think those days are over for good with Bitcoin.
Bitcoinbro
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April 24, 2016, 10:13:09 PM
 #427

Better off buying gold or investing in stocks. If you have like $500-$1000 to just throw away, why not just throw Bitcoin in some cold wallet storage and hope for the best. I truthfully think you will be very disappointed though. More regulations, startup businesses, and worldwide knowledge about bitcoin has grown significantly. Its great to witness, but in part I believe this has caused the price to become more stable. Some people rather have a stable Bitcoin price, but if you are looking for that pipe dream of turning your investment into riches I think those days are over for good with Bitcoin.

Correct. There will be no good old days where there will be new bitcoin millionaires. That is over.
And let's face it. A stable price is much more important then a few extra dollars.
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April 25, 2016, 01:53:55 AM
 #428

holding too long did not even going to make us a profit. the best way to add money we are continue trading. buying low and selling high. That principle actual trading.
BitcoinSupremo
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April 25, 2016, 07:15:48 AM
 #429

Best practice is to collect as much bitcoin as you can from every legit possibility given to you , and continue holding them (hardware wallet to be sure no hacker can steal them from you) , after some time in my opinion after 5-10 years, I think different, there will be new millionaires back then if they are holding since now or holding since before.
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April 25, 2016, 12:28:04 PM
 #430

holding too long did not even going to make us a profit. the best way to add money we are continue trading. buying low and selling high. That principle actual trading.
yes to trade will be more profitable. I agree with you . better get a little advantage but repeatedly. than no benefit at all. I think if just waiting then it will be time and opportunity us to benefit.
avw1982
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April 25, 2016, 05:45:00 PM
 #431

holding too long did not even going to make us a profit. the best way to add money we are continue trading. buying low and selling high. That principle actual trading.

Bitcoin rewards early adopters with cheap coins. I consider you an early adopter when the price per microBTC is < 1 USD. I'm an idiot for selling my coins, you should almost never sell your coins. Also it's not really a stock, i don't treat other currencies as stock, and i have never in my life experienced such a gain as i've had with bitcoin
bitlancr
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April 25, 2016, 09:43:42 PM
 #432

Yes long term investing in the bitcoin is good because it has a good future on a long term, so it would be good.
I must say that you can short term invest the bitcoin but also long term invest the bitcoin because its both pretty profitable in my eyes.
LarryHocks
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April 25, 2016, 11:18:26 PM
 #433

Long term investing is good, but its also what do you guys consider as a long term, if I'm thinking about a long term I'm thinking about 10 years or something.
If you can hold it this long (10 years) you will make profit for sure without any doubts.
iqlimasyadiqa
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April 25, 2016, 11:39:20 PM
 #434

Long term investing is good, but its also what do you guys consider as a long term, if I'm thinking about a long term I'm thinking about 10 years or something.
If you can hold it this long (10 years) you will make profit for sure without any doubts.
10 years is too long. as long as it surely will be many temptations to sell our investment. I think that in an investment period is 3 years. Why ? 3 years is a very good time to predict the price and determine the amount of inflation experienced in life.
maudevang
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April 26, 2016, 09:13:11 AM
 #435

OP tell to us that he have bitcoin during the prices $220-$300 and if he really still have it and still hold the bitcoins till now i think he already got very much profit from that and i hope he really did it because since several days ago bitcoin prices has rise up and now pretty close to $450

If he stills holds it until now Im pretty sad for him. There are large fluctuations happens by the time he purchase the coins so he really missed lots of supposed profits when the price increase and dipped.
Holding Bitcoin is not the best way to earn some money, because holding is the best way to only safe some money and that can be quite nice because so you wont lose money.
And that would be nice but if you want to earn some money you have to also take some risks otherwise it would be not possible for you.
Lokfar
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April 28, 2016, 03:51:12 PM
 #436

It can be a good way to earn money, the future is good of the bitcoin plus the halving will also come so that is also a good sign.
I think in about 4 years there will come another halving so a long term investment would be good in my opinion.

Hodling bitcoin is way safer than trading with it.At least in the long run an increase of Bitcoin's value is very likely although not guaranteed.And of course it's still very risky to invest in Bitcoin.

In the long run sure bitcoin price would rise. So without doubt bitcoin helps in earning a good profit if hold for a long time. At the same as there is no assurance periodic cash out or spending also must.
Holding your Bitcoin is alway good but there must be a time for you that you have to sell it and that you can have the profit of it but that is not the time right now.
So you need some patience and wait a longer time until the price is rising.
romero121
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April 28, 2016, 04:54:14 PM
 #437

It can be a good way to earn money, the future is good of the bitcoin plus the halving will also come so that is also a good sign.
I think in about 4 years there will come another halving so a long term investment would be good in my opinion.

Hodling bitcoin is way safer than trading with it.At least in the long run an increase of Bitcoin's value is very likely although not guaranteed.And of course it's still very risky to invest in Bitcoin.

In the long run sure bitcoin price would rise. So without doubt bitcoin helps in earning a good profit if hold for a long time. At the same as there is no assurance periodic cash out or spending also must.
Holding your Bitcoin is alway good but there must be a time for you that you have to sell it and that you can have the profit of it but that is not the time right now.
So you need some patience and wait a longer time until the price is rising.

As quoted its not the right time to sell, as drop in price has taken place. This could go high on the falling days, so right now holding with patience gives a small difference in profit.

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Kolamider
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April 28, 2016, 07:35:14 PM
 #438

I think holding only is not good. We have to use it so that it is useful. Then the value will be recognised.
martinacar
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April 28, 2016, 09:36:20 PM
 #439

I think holding only is not good. We have to use it so that it is useful. Then the value will be recognised.

Holding only right now is good because the price will rise and rise and than we can sell them for a higher price and make profit.
With the halving this is possible but it will take some time of course and you also should need patient.
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April 29, 2016, 12:48:18 AM
 #440

Consider holding can be good but I think right now its still insecure what the bitcoin will bring in the future.
I think we could better now short invest and maybe later at the end of this year make the decision to still sell our bitcoins or go long for it.
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