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

[owlcatz]

So far, the holding strategy works well if you can hold the bitcoins for more than 4 years. The 2013 price of $1200 is an outlier.

Holding BTC a long time to make money is not good idea, better try to buy some altcoins at low price and then sell them at higher price, and change back to BTC.
After that hold the bitcoins and do Bitcoin savings.

But... I bought a few bitcoins last summer around 200-220, so I'm not complaining. As for alts, yes that is good advice, but you must be patient sometimes!

[BitsandBites]

Yes I think its a good to long term invest if you have to money to do this and its not a problem to have patience.
I as a example could never do a long term invested, I do not have the patience for it, For a long time it can bring you big amounts of dollars for sure.

[Scream]

for me holding bitcoin for long time is good way for make money but trade your bitcoin is good way to doubling your money in short time.

why you must waiting long time to get profit if you can get profit in 1month with altcoin trade..?

[n0ne]

So far, the holding strategy works well if you can hold the bitcoins for more than 4 years. The 2013 price of $1200 is an outlier.

Holding BTC a long time to make money is not good idea, better try to buy some altcoins at low price and then sell them at higher price, and change back to BTC.
After that hold the bitcoins and do Bitcoin savings.

Holding for such a very long term is not a right decision. We don't know what happens exactly, so if price doesn't go higher or gets lowered it becomes failure for our holding.

[znickelbackz]

for me holding bitcoin for long time is good way for make money but trade your bitcoin is good way to doubling your money in short time.

why you must waiting long time to get profit if you can get profit in 1month with altcoin trade..?

with first way you just sit there doing nothing and still get profit, spend your full time on your busy life (if you have a real life).
trading require work, research, knowledge,... to get profit.

[AsaroUk]

So far, the holding strategy works well if you can hold the bitcoins for more than 4 years. The 2013 price of $1200 is an outlier.

Holding BTC a long time to make money is not good idea, better try to buy some altcoins at low price and then sell them at higher price, and change back to BTC.
After that hold the bitcoins and do Bitcoin savings.

Yes you are right, if you are holding your coins for a long time you can never make some money and that is not good you have to do at least some trading so you can get profit with it and that can be nice.
But the best thing that you can do with Bitcoin to make money is waiting for a good value so you can sell it with profit.

[Hallmader]

The first time I bought bitcoin is early 2013. The price was around $70. I hold the coin since then.

[CryingMidget]

The first time I bought bitcoin is early 2013. The price was around $70. I hold the coin since then.

All depends if you believe BTC is going to go up or not, same with stocks.  If you believe in the stock, buy and hold. if not, sell and move on to another.

[BitcoinSupremo]

Holding is totally the perfect strategy if you are willing to hold them for at least 5 years, many optimistic persons like me thinks the price will skyrocket in 5-10 years, lets hope our prediction is true as a lot of persons would be very happy then.

[Mr. Big]

Holding is totally the perfect strategy if you are willing to hold them for at least 5 years, many optimistic persons like me thinks the price will skyrocket in 5-10 years, lets hope our prediction is true as a lot of persons would be very happy then.

Well, holding it that long could give you a good money but that was too long I think...I prefer selling it when the price bubbles and just bought again when the price dips...I believe that when you keep it for too long might not be good, what if it was on timing that you need the profit from your coins and the price was in dip because of volatility...

[makingwin1]

I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  I know last year it was $600 and the highest was when it was more than $1000 per bitcoin.  But since it is all the way down to $200-$300, isn't having bitcoin always good?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.



In general, isn't holding BTC always a good thing since the price of it is pretty low now?  Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster.  But since its in the $200-$300 range, isn't having BTC always good?

it is not a best way, but it's not a worst way too, because it is pretty slow, but if you're lucky to have price rise then you will get lots of profit in days, but if there won't be huge fast price rise then you will have to wait, but like i said, it's not bad way either because it is not so risky as gambling

[Adrayrd]

Holding is totally the perfect strategy if you are willing to hold them for at least 5 years, many optimistic persons like me thinks the price will skyrocket in 5-10 years, lets hope our prediction is true as a lot of persons would be very happy then.

Well, holding it that long could give you a good money but that was too long I think...I prefer selling it when the price bubbles and just bought again when the price dips...I believe that when you keep it for too long might not be good, what if it was on timing that you need the profit from your coins and the price was in dip because of volatility...

Holding is always good, but if you want to make profit you have to wait sometimes a long time to get some nice profit but it can take a really long time and that is bad.
If you want to make money with Bitcoin and the value is not high you can instead of waiting, you can trade with it so you can earn some small money with it and that can be nice.

[Xialla]

holding makes sense, if you believe in bitcoin more, than in fiat.)

[CryptoBjorn]

Yes this is a good method to make money for sure, I have no doubts about that honestly, due to the point the bitcoin has a very good future a head because of all the events.
Another fact is that the bitcoin will grow and grow so a long term will be good.

[quadriple7]

I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  I know last year it was $600 and the highest was when it was more than $1000 per bitcoin.  But since it is all the way down to $200-$300, isn't having bitcoin always good?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.



In general, isn't holding BTC always a good thing since the price of it is pretty low now?  Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster.  But since its in the $200-$300 range, isn't having BTC always good?

i don't think that it is best way to earn money as price rises are slow usually, so it will be hard to get fast profit for you, you might say that for fast profit there is gambling, well true but that is way too risky, you should try trading, after some time when you will learn how to trade, i am sure that it will bring you lots of profit, just don't sell your bitcoins when price drops, buy them then only

[Chrismeister]

Holding is totally the perfect strategy if you are willing to hold them for at least 5 years, many optimistic persons like me thinks the price will skyrocket in 5-10 years, lets hope our prediction is true as a lot of persons would be very happy then.

Well, holding it that long could give you a good money but that was too long I think...I prefer selling it when the price bubbles and just bought again when the price dips...I believe that when you keep it for too long might not be good, what if it was on timing that you need the profit from your coins and the price was in dip because of volatility...

No to make some profit with Bitcoin is holding not the best thing that you can do, if you are going to sell it with some profit than it will be good for Bitcoin.
But sometimes you have to wait a long time and sometimes you need patience for it.

[Zaun]

Yes it is good to hold your bitcoin for a long term because the bitcoin has a really good future if you ask me compared with other currency's.
The bitcoin is the future of all currency''s so investing for a long term is very profitable and good for sure.

[Newcoins2020]

I consider holding as good but in fact holding it for a long term has some risks if you ask me because you do not know the future of the bitcoin.
Maybe it will be good but no one knows this so its pretty unpredictable and I also would not recommend you to do this.
You can already make nice profits with a short term so why should you go for a long term.

[KennyR]

Yes it is good to hold your bitcoin for a long term because the bitcoin has a really good future if you ask me compared with other currency's.
The bitcoin is the future of all currency''s so investing for a long term is very profitable and good for sure.

Yeah bitcoin has a good future as well it will get used as a currency of the future. But holding for long term is profitable but not sure about the very long term holding.

[Icathia]

Yes it is good to hold your bitcoin for a long term because the bitcoin has a really good future if you ask me compared with other currency's.
The bitcoin is the future of all currency''s so investing for a long term is very profitable and good for sure.

Yeah bitcoin has a good future as well it will get used as a currency of the future. But holding for long term is profitable but not sure about the very long term holding.

Holding Bitcoin is good to save your money with it, but you cant earn money if you are holding your Bitcoins, because you are doing nothing you can do it least trade or gamble.
But some people dont know how to do so they are only waiting for a good price increase and that is also good but they have to wait only and that is bored.