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

[greBit]

If you look at either a 3 month or 3 year period. I think both terms are looking very positive to increase your money.
The perspective and outlook are looking very good and this you find back in the price.

Holding till the block halving is the best option. After that you can decide for yourself if you want to hold your Bitcoins longer or not. I personally am holding for the long term, but I will surely secure some profits just before or just after the block halving.

I really appreciate you guys for sharing knowledge about Bitcoin and yes Bitcoin looks very positive as of now and for future and I hope by few years there will be a stability for BTC value. For example $1000 - 1500.

[avw1982]

Theoretically, it is and it isn't!
It is an investment, as long as the demand increases and there are no substancial flaws. It is a good thing.
However, if there is a low demand or there is large flaws that are found, it is a terrable investment!

I will agree with you dude. If demand goes to Bitcoin automatically rate of bitcoin also will increase accordingly. and Having bitcoin for long term is best I feel the rate not enough reached as satoshi predict. If keep for long term, future Its sure our Bitcoin savings will help for sure

[znickelbackz]

I think it will take decades if btc price down to 0, so keep calm and store it, it'll up to thousands $ some day

[bitart]

I think it will take decades if btc price down to 0, so keep calm and store it, it'll up to thousands $ some day

BTC price will drop to 0 as soon as someone invents a super computer that will be able to crack the encryption of the system, or if the whole internet will be shut down. Of course the chance of these are nearly zero, so as long as there is a proper demand, the price will rise.

[Amph]

I think it will take decades if btc price down to 0, so keep calm and store it, it'll up to thousands $ some day

BTC price will drop to 0 as soon as someone invents a super computer that will be able to crack the encryption of the system, or if the whole internet will be shut down. Of course the chance of these are nearly zero, so as long as there is a proper demand, the price will rise.

this is stupid, because in that case the value of fiat will drop to zero first than bitcoin, since all bank will be broken, this if you're talking about cracking sha256, which is impossible btw..

[My Creation Room]

While you may get lucky holding your coins is not a reliable way to make a decent profit as the price of a bitcoin changes constantly. It is like our realives estate market  .

Holding bitcoin in a long term is a must imho, to anticipating unexpected bitcoin price just place small amount bitcoin in your long term plan, like 1-2 bitcoin.
And the rest if you have over 10bitcoin dont put all in long term plan, spread it to another business related to bitcoin like trading etc. So your coin will growing.

Thanks that is good advice!

[Lenore]

I dont think its how long you hold it but knowing when to sell it.  As the prices fluctuate.  BTC is expected to go up for 2016.  So depending on when you bought it or should I say at what price.  Hold it until you. Feel comfortable selling it.

All depends on what you are going for.  Profit like most people or a currency you can use if your local currency ever fails.

[HarryKPeters]

The last couple of months it was.
For the future we will have to wait a couple of months. But i am happy to buy coins and just not spend them and still making profit.

[tolikkk]

it is believed that after completing their mission to develop a vision and getting everything in return, without spending a lot of effort and money on research and find out , but at one point, bitcoin will remain with the fed for them and him seeming base and gave the banks free the blockchain and not expensive, obeseness, will remain as a memory, leaving us only hope that someone else will replace him, but the chance is so and so to miss, though

[lahm-44]

well it depends how long you are willing to hold it for but eventually it increases with time (the value of bitcoin) .it will certainally be affected by factors such as how much and how long you are going to invest so good luck with that
And if you hoding your coins for then 1000$ price increasement then sure it is a good way to make money no matter it the market goes a little down too but one day bitcoin price will reach that mark

[Ayoko]

I like to think so, and I see it as a very likely outcome. But the rational fact is that it is a gamble, and I think that's the healthiest way to approach it. I'm starting to save bitcoins for the future, but I just don't take it so seriously.

[gallantaves]

BitCoin is technically a High Risk Investment, every 10 minutes the value change. In a good day you can get 50% profit but at the same time you also have the risk on having 50% loss. So the question is are you ready to gamble the amount of money in BitCoin

[Watercooler]

Most likely it is, especially with the upcoming block halving which is about to happen in the middle of the year, during the
last halving event the price sky-rocketed.

[avw1982]

Most likely it is, especially with the upcoming block halving which is about to happen in the middle of the year, during the
last halving event the price sky-rocketed.

Yeah dude.. Better all people can hold the bitcoin until that atleast to make profit with savings of bitcoin. I think approximately on July I think. Price can reach to 1000 $ also. It upto demand and mining

[chokesir]

It is but only if you believe in it. If you don't believe in bitcon you will quickly panic sell when the price is low.
This can be avoided by watching the markets closely or have a solid trust in the bitcoin network.

[rubygon]

Everyone of the bitcoin holders think the same way as you think. They wanted to hold bitcoins and sell for huge profits later. Some did buy at 1000+ bitcoins for $1. Most sold those coins when bitcoin surges heavily. Now bitcoin down by a large amount than it was in 2014. People might have lost a lot of dollars when they buy at $1000. So, it is hard to say you can take huge profits if you hold bitcoins. If you've bought it in very cheap, sell it if you feel it is highly profitable.

[viking02]

so most of btc i got was around the 250 range or so.  Would you say acquiring bitcoin at this price now in the 400s is probably still a good idea or not?

[mtnsaa]

Well so far for me it has been a good way to make money although I didn't cash it out or plan to. I've bough my humble share at $230 and then continue to add to it via signature campaigns and other small income so I hope in the next years this investment could worth plenty of dollars.

We never know how much Bitcoin will be valued at, however if you check its history, it has been raising and growing yearly since its conception, so if everything continues the way it is then we can safely say that you can.

[elizabethqueen]

as we keep watch bitcoin price,i'm sure holding bitcoin for long time is good way to make money,depending how good you trade it when you have big amount of bitcoins.

[Rubberduckie]

its been a good strategy for the stock market I mean even
after crazy drops and what not in the long run it goes up over
time.

Doing the same thing with bitcoin. Just holding and not using / selling