RyanLZ
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Activity: 42
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November 21, 2015, 11:34:25 AM |
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If everybody holds bitcoin and do not use it, bitcoin will be useless. So the price will drop to 0. We need to hold some and use most.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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RealPhotoshoper
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Activity: 1050
Merit: 1001
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November 21, 2015, 01:05:45 PM |
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it hard to answer,and depending bitcoin price for now and next year.lets think if we hold bitcoin 4 year ago,and check bitcoin price for now,we are not get money because bitcoin price going down almost a half.but i wish i could hold bitcoin for long time because i believe bitcoin more poplar,and so many people adopt it. and also so many country start to accept bitcoin.
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Scream
Sr. Member
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Activity: 476
Merit: 250
U will never know the true answer, before you try
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November 21, 2015, 01:08:02 PM |
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If everybody holds bitcoin and do not use it, bitcoin will be useless. So the price will drop to 0. We need to hold some and use most.
+1 much transaction is good for make more people interesting |
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erickimani
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November 21, 2015, 11:29:13 PM |
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as the trend reveals, I now believe it is more of an investment opportunity rather than a currency. When you hold bitcoin be sure that it goes on increasing its value.
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Amph
Legendary
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Activity: 3206
Merit: 1069
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November 22, 2015, 07:32:14 AM |
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If everybody holds bitcoin and do not use it, bitcoin will be useless. So the price will drop to 0. We need to hold some and use most.
this is a bad logic, because if they also buy along with holding, the price will increase anyway the point is to sell to those that do not have bitcoin, and let them (who have no bitcoin) acquire bitcoin, not just spending your coins in useless stuff |
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zeaderza
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November 22, 2015, 10:55:49 AM |
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I buy bitcoin on low price and keep for sell with a high price.
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bitlancr
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November 22, 2015, 03:35:56 PM |
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For long term Yes. But don't go all-in with 1 assets. Crypto is and will be risky, now and in the future.
Try to diversify your investment buy holding other assets (FOREX or stocks).
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calkob
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November 22, 2015, 06:06:09 PM |
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Actually it is risky but it also depends on the bitcoin.
It's not risky, you can always check the bitcoin price everyday and if you consider is falling too fast or too much you can always just sell the bitcoins you bought or convert them into another coin. You really can make a long term investment into a short term investment, there are no real long term investments in bitcoin. Can i ask what information your basing your statement on. if anything Bitcoin is a long term investment. are you telling me that in 10 years when many more people are using bitcoin and there is less and less bitcoin to be had that the price is not going to rise? to me saying "there are no real long term investments in bitcoin" sounds ridiculous. |
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ultimatesky
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November 22, 2015, 08:10:44 PM |
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I think it is more profitable then buying miners and wait for profit. Since miners cost a lot of time of monitoring, repair etc.
Bitcoins are just bitcons. The only thing these precious seek is safeguarding them by protecting your wallet.
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HarryKPeters
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November 22, 2015, 10:34:03 PM |
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To me it is. Expecting adoption by either merchants or even better some companies (Google), it will become more popular.
More people will want to buy it > Price will rise etc. etc.
So yes taking that in effect an increase is logical event to me.
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Amph
Legendary
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Activity: 3206
Merit: 1069
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November 23, 2015, 07:26:53 AM |
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I think it is more profitable then buying miners and wait for profit. Since miners cost a lot of time of monitoring, repair etc.
Bitcoins are just bitcons. The only thing these precious seek is safeguarding them by protecting your wallet.
but it do not give you "interest" like miners think about mining like a pos bitcoin that give you a profit every day, simply holding will not increase your amount of coins |
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Laosai
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November 23, 2015, 05:04:25 PM |
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Personally I don't think holding bitcoins will be a good way to make money. There are still risks involved and who knows, maybe bitcoin will be worthless in the future. I suggest you start to trade it, its not that easy though but I heard it will be a good way to make money with your bitcoins compared by just holding it.
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LuckyYOU
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November 23, 2015, 08:51:06 PM |
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Personally I don't think holding bitcoins will be a good way to make money. There are still risks involved and who knows, maybe bitcoin will be worthless in the future. I suggest you start to trade it, its not that easy though but I heard it will be a good way to make money with your bitcoins compared by just holding it.
I can understand your thinking, but I think the time of doubt is gone. Bitcoin has been above 200 USD for a few years now. More money has been pumped in ventures etc. The interest are much larger now. Perhaps too large for it to fail. |
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Denker
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Activity: 1442
Merit: 1014
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November 23, 2015, 09:05:51 PM |
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Personally I don't think holding bitcoins will be a good way to make money. There are still risks involved and who knows, maybe bitcoin will be worthless in the future. I suggest you start to trade it, its not that easy though but I heard it will be a good way to make money with your bitcoins compared by just holding it.
I'm sure that 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. But it's worth the stretch when you realize it's massive potential. |
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Newcoins2020
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November 23, 2015, 09:23:05 PM |
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Holding is less time-consuming then buying miners...
Even better it is more profitable the mining...
The only argument for buying miners is that it is less fun, then mining.
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GannickusX
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November 23, 2015, 09:58:25 PM |
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Personally I don't think holding bitcoins will be a good way to make money. There are still risks involved and who knows, maybe bitcoin will be worthless in the future. I suggest you start to trade it, its not that easy though but I heard it will be a good way to make money with your bitcoins compared by just holding it.
I'm sure that 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. But it's worth the stretch when you realize it's massive potential. I don't see how bitcoin value is likely to increase over time. It's not that risky to invest in bitcoins, the risk of bitcoins to be worth 0$ quickly is basically 0. I would not call that ''very risky'' at all. It's just like any other investment, even safer sometimes. |
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bitart
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November 23, 2015, 11:16:16 PM |
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Personally I don't think holding bitcoins will be a good way to make money. There are still risks involved and who knows, maybe bitcoin will be worthless in the future. I suggest you start to trade it, its not that easy though but I heard it will be a good way to make money with your bitcoins compared by just holding it.
If you don't want to start trading, because of any reason, you can make profit with holding your bitcoin as long as the actual price is higher then when you have bought it. If you have bought it for $50, holding it is much less risky than trading with it. But if you have bought it for $500 then you should start to trade with it in order to minimize your loss on price |
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harizen
Legendary
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Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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November 23, 2015, 11:44:26 PM |
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If for making money purposes, my question is; you want a profit for quite a short time or you are willing to wait for years (maybe 5 years lol) for the price to be boom?
If you want to make money for not waiting in years then holding is not the best method to do. It doesnt increase your saved coins. To take profit, play at the market.
If your goal is only to saved coins then holding is fine. But like I said on the other thread, much better to increase your saved coins by taking advantage in the price movement (trading) rather than just wait for the price increase.
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Moneyburner
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Activity: 112
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November 24, 2015, 01:02:36 AM |
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My personal belief is the safest way to make money with bitcoin is to hold it long term. Anything besides that is going to come down to 90% luck.
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MinerHQ
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Activity: 1456
Merit: 1023
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November 24, 2015, 03:36:03 AM |
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My personal belief is the safest way to make money with bitcoin is to hold it long term. Anything besides that is going to come down to 90% luck.
I 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. But don't ever lend coins based on any kind of trust to make sure 100% safe returns. |
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