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

[coinplus]

I had bought some bitcoins when prices were around $1000. I did that just to invest in gambling to make my investment in to ten times. But, I failed in gambling to multiply my investments as well bitcoin price was in down trend. Still I'm holding in down trend and I feel it's very important to see good profits when bitcoin test new heights.

[arnav95]

yes it is but you need to define your longtime, i mean by 2140 you will surely make a killing on bitcoin if you hold till that long and you also need to live up that long to see the killing you will make no matter you bought bitcoin on 200$ or 1000$. you will end up making a killing on it, so yes holding bitcoin is a good option to make money with no work to do.

[Amph]

yes it is but you need to define your longtime, i mean by 2140 you will surely make a killing on bitcoin if you hold till that long and you also need to live up that long to see the killing you will make no matter you bought bitcoin on 200$ or 1000$. you will end up making a killing on it, so yes holding bitcoin is a good option to make money with no work to do.

this is no realistic no one will wait that long, the right time frame, would be 2020, for a good wait and hope about a new big ath, or at best 2030, to follow thesatoshi prediction about the 20 year big volume or no volume at all

[Verified4you]

I'd prefer to hold in BTC less than 3-5% of my investments.

[Mickeyb]

yes it is but you need to define your longtime, i mean by 2140 you will surely make a killing on bitcoin if you hold till that long and you also need to live up that long to see the killing you will make no matter you bought bitcoin on 200$ or 1000$. you will end up making a killing on it, so yes holding bitcoin is a good option to make money with no work to do.

this is no realistic no one will wait that long, the right time frame, would be 2020, for a good wait and hope about a new big ath, or at best 2030, to follow thesatoshi prediction about the 20 year big volume or no volume at all

Yes we definitely need for Bitcoin to encourage us by the 2020 by the price. Otherwise, people will lose interest, simple as that. I think that until 2020 is nice period for Bitcoin to grow and improve and also gets adopted. In the next 5 years, price will have enough time to follow this development.

At least let's hope so!

[coinplus]

From the past history we need to learn the lesson of holding bitcoin than simply buying and selling as a day trader. I believe that history will repeat itself. So, there are more and more chances of explosive of price hikes in upcoming days based on halving and new ASIC miners. I prefer to hold bitcoin for long time, it's a simple way of making money.

[n2004al]

If you have believe on it for sure it is. Theoretically the price of bitcoin will go high for sure. The limited amount which will be in circulation and the spread of it every day more (remembering here and including the increase of the population in all the world which will make that this spread continue more and more) for sure will increase the demand for it. And the increase of demand will rise the price. But this is only theory. Right, but theory. Only the true believers believe on it. And are they which hold the bitcoins and think that holding the bitcoins is a good way to make money.

[minerjis]

I was recommended into bitcoin by saying it will hit to 1million USD in near future.
I do not have that much knowledge in bitcoin but my friends has and I believe them. So holding bitcoin is the good way to make money.

[melisande]

This depends on many factors but most important among them is speculations about the would be market price of bitcoin at xxxx year this factor alone would determine whether to buy and hold, sell/trade or to thread with caution.
But generally bitcoin is a digital gold and it worth it if you can have some in your cold wallet.

[gamalzour]

I was recommended into bitcoin by saying it will hit to 1million USD in near future.
I do not have that much knowledge in bitcoin but my friends has and I believe them. So holding bitcoin is the good way to make money.

yes hold your bitcoins. It's the future of money. So, it may reach higher prices beyond your friend's expectations too.

[bitgolden]

I was recommended into bitcoin by saying it will hit to 1million USD in near future.
I do not have that much knowledge in bitcoin but my friends has and I believe them. So holding bitcoin is the good way to make money.

yes hold your bitcoins. It's the future of money. So, it may reach higher prices beyond your friend's expectations too.

People are perfect at predicting bitcoin prices but not guiding people when the recommend into bitcoin world. The proper way of recommendation must be encouraging them to buy some small amount of bitcoin initially as we need to consider $250 range of prices is very low when we compare to all time high of $1200.

[madonnino]

an investement is for life, like i leearned from warren buffet's books. So just wait, i thing bitcoin will rise and rise

[Hellacopter]

That's depend with the price, mate. If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose, so i think its depending in the future prices

[Kevin77]

Hold Bitcoin for the long time as possible.
In the event that you have courage of the most serious bitcoiner on earth, putting an extensive cash in bitcoin as possible you can make as well as we're heading towards mining block reward halving in mid 2016.

[s1ng]

If you hold bitcoin since 2009 , the answer is yes
But if you just holding bitcoin , it's quite difficult to make profit since the price quite stable recently

[maokoto]

I think you have to move it a bit to make decent amounts. Just buying and holding can go well, but right now it is very stable.

Those who bought in the 600-1000 are long time already waiting for profiting from it.

[eternalgloom]

I'd say it's a pretty good investment.
If the price stays somewhat stable until the block reward halving it should rise afterwards.

[|Ocean|]

Holing Bitcoins for long term doe  not make any sense but its trading wisely make some Profit , assume guys who bought BTC for 1K $ , are they in profit or loss , same vice versa , so its all about the time when you trade.

[pjsonowal]

If you are investing in fair investment schemes online it is a good way to make money....even if you hold it out it will turn out good,but it is not sure as it depends upon the rate with local currency...so making a fair and wise decision always helps in increasing your bitcoins.

[Amph]

Holing Bitcoins for long term doe  not make any sense but its trading wisely make some Profit , assume guys who bought BTC for 1K $ , are they in profit or loss , same vice versa , so its all about the time when you trade.

if you think that holding bitcoin does not make sense, then you think that bitcoin is doomed and won't take off, but then you speak about trading, which mean that you're waiting the bubble...

in other world waiting and holding is the most correct choice, if you're not a pro, that can daily trade