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

[DomesticTrader]

Some times i think that holding bitcoins can be profitable but it depends about how long you are holding them you know there are so many peopel just holding coins and dont even know where they are waiting for they need to stop using our coins dam.

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[didingrirty]

i think it is good way as it is safe but it is pretty slow, there are better ways to earn

[Cresciuanto]

Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.

In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.

It is risk but not a harmful risk as bitcoin is a reliable asset and with that we all are sure cannot lose our investment, I also have invested in there and do not consider that amount in risk but I am happy with that.

just take a look to people who mined bitcoin in 2009,2010 and 2011 ,
and still holding bitcoin what happened to them now? ,
yupp they are getting rich , risking their time for something that they thought that time will become worthy ,
and then their sacriface paid off , so do this time too i think will be same.

yes that is a fact and i am agree with you that if you are holding bitcoin for a long time. it can give you really a very good profit. but for that you have to remain patient, and do not lose heart if the price of bitcoin is felling down you just have to remain strong and stable, you will not sell your bitcoin at any cost, after that you can be able to get a good profit from bitcoin.

[Hazir]

Here is the problem I was pondering about lately, regarding holding bitcoins:

What if the initial wave of price rise caused by overhyped potential of bitcoin is now gone?

I am talking about that phase when bitcoin was basically worthless, on the very beginning, and over course of 3 years it become valuable asset.

What if that phase is now gone? And from now on we will be experiencing stability? With rather minor fluctuation of price ($100-$150) caused mainly by random events (like Bitfinex hack)?

[traderbit]

BTC will make you money, but only it you hold it for the very, very long term and are able to screen out high volatility and negative newsflow along the way. Easier said than done for most of us.

well. I don't think we cane earn enough with just holding bitcoin. as I can see the current price of bitcoin and it's price movement. there is nothing happened in quite long time and bitcoin price is almost stable. don't know it increase or not. so depending on just holding is not a smart move. I prefer to invest but need a lot of research and paper work. and everyone don't have that much patience.

[jerowacik]

Some times i think that holding bitcoins can be profitable but it depends about how long you are holding them you know there are so many peopel just holding coins and dont even know where they are waiting for they need to stop using our coins dam.

the longer the holding bitcoin is not meant to be profitable. we have to find the right moment in the buying and selling bitcoin we have. in fact the more careful we do trading, the more our advantage.

[dunfida]

Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.

In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.

It is risk but not a harmful risk as bitcoin is a reliable asset and with that we all are sure cannot lose our investment, I also have invested in there and do not consider that amount in risk but I am happy with that.

just take a look to people who mined bitcoin in 2009,2010 and 2011 ,
and still holding bitcoin what happened to them now? ,
yupp they are getting rich , risking their time for something that they thought that time will become worthy ,
and then their sacriface paid off , so do this time too i think will be same.

yes that is a fact and i am agree with you that if you are holding bitcoin for a long time. it can give you really a very good profit. but for that you have to remain patient, and do not lose heart if the price of bitcoin is felling down you just have to remain strong and stable, you will not sell your bitcoin at any cost, after that you can be able to get a good profit from bitcoin.

Patience really pays on future for sure. Holding you bitcoin would definitely reward us when the bitcoins price would rose up because  as we all see that bitcoin has the potential to  continue its  up trend  in upcoming years which is really an advantage especially to those   who holds a lot of coins.

[gkv9]

@OP,
Ask this question to them you mined bitcoins with CPU once when it was mine-able with it, and had many, or those who bought when it was just a few bucks, and also to them who bought it at its peak when the price reached $1k...
It is obviously a great way to make money hodling it for a very long time, this is just like a property, which gets its value increased as the time passes by...

[DomesticTrader]

Yes and no. It depends on what happens in the future. If bitcoin continues to be safe then it will probably only go up, but if some kind of scandal happens then it could drop by alot.

[(o)(o)ilikeboobs(o)(o)]

It is good way as i earn from it a lot  but it is pretty slow way to earn

[Oralmat]

It is good way as i earn from it a lot  but it is pretty slow way to earn

Yes, long term hold the bitcoins, than not sure we can make good profit, i think better way is that , should hold the bitcoins and look the price up and when you feel that bitcoin is on good price so should sell it and the next step, wait and check it out when bitcoin is going to down and then buy it, and in this way, make profit, i am sure this way too much better than hold the bitcoins for long time.

[richardsNY]

Yes and no. It depends on what happens in the future. If bitcoin continues to be safe then it will probably only go up, but if some kind of scandal happens then it could drop by alot.

Bitcoin is and will most likely always be safe. However, hacks, thefts, fud, etc, will always happen. Especially when you consider that each time the price goes up significantly, bad news pops up, and the price starts falling down like a heavy rock. It's no coincidence anymore as some people think. It happened too often.

[dunfida]

Yes and no. It depends on what happens in the future. If bitcoin continues to be safe then it will probably only go up, but if some kind of scandal happens then it could drop by alot.

Bitcoin is and will most likely always be safe. However, hacks, thefts, fud, etc, will always happen. Especially when you consider that each time the price goes up significantly, bad news pops up, and the price starts falling down like a heavy rock. It's no coincidence anymore as some people think. It happened too often.

Bitcoin incidents are just normal in bitcoins ecosystem  since we cant stop those  circumtance to happen  why we are in our journey with bitcoin. Even though it faces  some  big problems  but it can recover  from price drops and  always try to increase its price thats why we could possibly assume that  it would continue to rise in the future.

[serjent05]

BTC will make you money, but only it you hold it for the very, very long term and are able to screen out high volatility and negative newsflow along the way. Easier said than done for most of us.

Yeah hold it very very long until you reach the  point you will be unable to trade it because no one demand for it .  Just kidding, anyway you can earn a profit from this kind of method but it will never come close to the profit of those that are actively used to earn more profit.  So those with the capability to put up a business and make it succesful willl reap the profit 100x or more than those who just hold it.

[Aamir1]

It is good way as i earn from it a lot  but it is pretty slow way to earn

It would probably be slow as the OP also mentioned in his question that would it be a good way of earning money if we hold the coins for a long time, and that long time does not guarantee you if how much you will earn, now it depends on the value of the coins, if it rises more you will earn more and if it just stays low then you wont earn much.

[Whosdaddy]

as i have good experience in short term investment as well as in long term investment. i have also good experience in stock exchange, in all my experience i fount that long term investment is the safest way of earning money. in long term investment there is a little chance of loosing your money, while in short term investment you can lose a lot of money in a very very short period of time. there for to me holding bitcoin for a long time will be a good decision and hope it will give you a good profit at the end. i my self holding bitcoin for long time.

I have made a lot of money in long term investing. I have been thinking about changing to short term trading but I really am just not sure I want to put that much time into making money by bitcoin trading.
I heard if we are ready to put hard work and dedication then definitely we will be able to make bitcoin in short term trading itself.

[Bestwishes745]

It is good way as i earn from it a lot  but it is pretty slow way to earn

It would probably be slow as the OP also mentioned in his question that would it be a good way of earning money if we hold the coins for a long time, and that long time does not guarantee you if how much you will earn, now it depends on the value of the coins, if it rises more you will earn more and if it just stays low then you wont earn much.

we should have to rely on long term investments in bitcoin as I have experience in that, with long term I do not lose any coin, as a few months ago I bought some coins at $600 and after that the price dropped to $506 and then started to rise again and today I am seeing the price once again at more than $600.

[1Referee]

It is good way as i earn from it a lot  but it is pretty slow way to earn

It would probably be slow as the OP also mentioned in his question that would it be a good way of earning money if we hold the coins for a long time, and that long time does not guarantee you if how much you will earn, now it depends on the value of the coins, if it rises more you will earn more and if it just stays low then you wont earn much.

we should have to rely on long term investments in bitcoin as I have experience in that, with long term I do not lose any coin, as a few months ago I bought some coins at $600 and after that the price dropped to $506 and then started to rise again and today I am seeing the price once again at more than $600.

It's not a big deal when you buy some coins at a certain price, that it starts going down from there. You don't lose anything at all if you don't sell your coins at a loss. Just having patience for the price to go up is enough to see your coins gain value again. This of course is assuming that you have bought your coin at decent prices and not at peaks as the all time high back in the days.

[StoreBit]

It is good way as i earn from it a lot  but it is pretty slow way to earn

It would probably be slow as the OP also mentioned in his question that would it be a good way of earning money if we hold the coins for a long time, and that long time does not guarantee you if how much you will earn, now it depends on the value of the coins, if it rises more you will earn more and if it just stays low then you wont earn much.

we should have to rely on long term investments in bitcoin as I have experience in that, with long term I do not lose any coin, as a few months ago I bought some coins at $600 and after that the price dropped to $506 and then started to rise again and today I am seeing the price once again at more than $600.

i also have good experience in long term investment and i usually do longer term investment, but to me it depend on the nature of the people, different people have different openion about this some people like long term investment but other cannot stay and hold bitcoins for long time therefore they like to do short time investmet, and they invest their money for a little time.

[0day]

It is good way as i earn from it a lot  but it is pretty slow way to earn

It would probably be slow as the OP also mentioned in his question that would it be a good way of earning money if we hold the coins for a long time, and that long time does not guarantee you if how much you will earn, now it depends on the value of the coins, if it rises more you will earn more and if it just stays low then you wont earn much.

we should have to rely on long term investments in bitcoin as I have experience in that, with long term I do not lose any coin, as a few months ago I bought some coins at $600 and after that the price dropped to $506 and then started to rise again and today I am seeing the price once again at more than $600.

It's not a big deal when you buy some coins at a certain price, that it starts going down from there. You don't lose anything at all if you don't sell your coins at a loss. Just having patience for the price to go up is enough to see your coins gain value again. This of course is assuming that you have bought your coin at decent prices and not at peaks as the all time high back in the days.

You are right that we do not have to sell our coins at lost and that is the point towards that it is better to do long term trades, with bitcoin I do long term investment, and till now I did not faced any lose with my bitcoin.