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Author Topic: Is Holding Bitcoin a long time good way to make money?  (Read 368895 times)
romero121
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April 29, 2016, 07:36:24 AM
 #441

Consider holding can be good but I think right now its still insecure what the bitcoin will bring in the future.
I think we could better now short invest and maybe later at the end of this year make the decision to still sell our bitcoins or go long for it.

Right now holding is suggested and a good decision. Bitcoin price has fallen from the price near to $475. Now patience till May might give some good profit according to most users speculation.
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April 30, 2016, 05:32:40 AM
 #442

I think holding only is not good. We have to use it so that it is useful. Then the value will be recognised.

people are not using it lately because they are waiting for the value to skyrocket first, or to simple increase

witha  better value you can buy more thing, so why using it now? but on the other hands one should not wait forever before using it, assuming the value will keep increase
znickelbackz
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April 30, 2016, 12:02:09 PM
 #443

Consider holding can be good but I think right now its still insecure what the bitcoin will bring in the future.
I think we could better now short invest and maybe later at the end of this year make the decision to still sell our bitcoins or go long for it.

Right now holding is suggested and a good decision. Bitcoin price has fallen from the price near to $475. Now patience till May might give some good profit according to most users speculation.

what is so special in May? is it much more important than halving in July? as my point of view most users speculation focus on July, when the next halving will happen.
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April 30, 2016, 12:45:44 PM
 #444

If you bought the bitcoin in November 2013 or a little later, you will lose money. Otherwise you will make money.
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April 30, 2016, 02:11:31 PM
 #445

Not good way to make money if you only hold your bitcoin.
Trade bitcoin or altcoins to double your bitcoin and sell your profit to USD. I think that its good way to make money.

jt byte
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April 30, 2016, 05:46:24 PM
 #446

Not good way to make money if you only hold your bitcoin.
Trade bitcoin or altcoins to double your bitcoin and sell your profit to USD. I think that its good way to make money.
This is sound advice which I am doing right now. Even to get into the forex trade with the gains would be profitable right now.
BitcoinSupremo
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April 30, 2016, 06:02:43 PM
 #447

Not good way to make money if you only hold your bitcoin.
Trade bitcoin or altcoins to double your bitcoin and sell your profit to USD. I think that its good way to make money.
This is sound advice which I am doing right now. Even to get into the forex trade with the gains would be profitable right now.

Forex can be profitable if you know what you are doing, of course its a lot like sportsbook, as you check the trends of the pairs EUR/USD GBP/USD etc also fundamental news, just like I do in sportsbook before posting up a premium tip, still very difficult to come out on top in forex in my view. Easier in sportsbook if you keep reading news and are a step forward then the bookies.

Final word is trading is like gambling so very very few persons come out on top as winners, glad that I am one in the sportsbook area Smiley
richardsNY
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April 30, 2016, 07:01:20 PM
 #448

Not good way to make money if you only hold your bitcoin.
Trade bitcoin or altcoins to double your bitcoin and sell your profit to USD. I think that its good way to make money.

If you like action and don't want your coins to sleep in your wallets then it's indeed better to do some trading to put your coins to action. However, a lot people are only interested in holding their coins as they basically don't risk anything when they have them stored offline. Trading brings risks where some people simply don't want to deal with.
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April 30, 2016, 07:35:57 PM
 #449

I think, that if you wait to long Bitcoin is gonna drop. I personally invested in Rimbit, Bitcoin already hit its peak, and according to the law of economics. Bitcoin is gonna hit its recession real soon. Invest in Rimbit instead !
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April 30, 2016, 11:57:46 PM
 #450

It's been almost a year since the op, and btc was between $200 and $300, and now it's between $400 and $500.  So in the past year, holding bitcoin for a long time meant you basically doubled your money!!

It's anybody's guess as to what will happen up to and after the halving.  I've read everything from pump and dump to it going up to record levels.  But I think in general, holding onto bitcoin has been a good investment.

If/when bitcoin fails, it still may be worth value. 

And if it tanks, I think it will take at least a week.  If you're fast enough, you'll sell them off and make a profit as well.

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znickelbackz
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May 01, 2016, 04:12:40 AM
 #451

Consider holding can be good but I think right now its still insecure what the bitcoin will bring in the future.
I think we could better now short invest and maybe later at the end of this year make the decision to still sell our bitcoins or go long for it.

Right now holding is suggested and a good decision. Bitcoin price has fallen from the price near to $475. Now patience till May might give some good profit according to most users speculation.

what is so special in May? is it much more important than halving in July? as my point of view most users speculation focus on July, when the next halving will happen.
Because it is when spring is almost here and so are the hopes in a brighter future. So I can see why most people in their sane minds that is, would be optimistic for their views on bitcoins future growth in price.

oh so May is when spring comes to your area, but it's not for other parts of the world. the spring just moves from areas to areas when the time pass by.
NordicRanger
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May 02, 2016, 01:45:48 PM
 #452

Holding is only the best way to safe some money with Bitcoin and that would be nice for you because there are also now no reason to sell it and that can be bad.
Because everyone wants to make some profit with it and that is the only way to get some more money with it but that is not possible now.
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May 02, 2016, 09:13:16 PM
 #453

Yes its a good way to make nice profits although its also depending on how do this and how you work it out.
Plus it will also be dependable on the investment you make.
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May 03, 2016, 12:04:21 AM
 #454

Holding bitcoin is the safest thing here in bitcoin. But you need to wait for a long time togain money. But for me il try to trade that money so that im holding and im earning money

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May 03, 2016, 05:04:45 AM
 #455

Holding bitcoin is the safest thing here in bitcoin. But you need to wait for a long time togain money. But for me il try to trade that money so that im holding and im earning money

Well, that's not possibly safe if  if you are talking about your bitcoins safety, if you put it in trading then there's a chance that the platform would close...So holding is still the best.. keeping it in your cold storage and just be always aware about the price movement so if you feel like the price is high, then you can sell and buy again if the price is low and remember to keep it back to your storage...
NewInCryptoCurrency
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May 03, 2016, 02:19:17 PM
 #456

Holding Bitcoin is the best way to safe your money and that is because there are also a lot of people that gets greedy and they are going to sell it too early so that is bad.
But they have to know that now not the right time is to sell it otherwise you are going to lose some money because the value is not even that high.
avw1982
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May 03, 2016, 06:07:01 PM
 #457

Holding Bitcoin is the best way to safe your money and that is because there are also a lot of people that gets greedy and they are going to sell it too early so that is bad.
But they have to know that now not the right time is to sell it otherwise you are going to lose some money because the value is not even that high.

This is the moment where holding bitcoin effort makes you profit. Just like holding gold, bitcoin become a great investment nowdays and this will make bitcoin become popular
sishendaoye
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May 03, 2016, 09:19:09 PM
 #458

Holding Bitcoin is the best way to safe your money and that is because there are also a lot of people that gets greedy and they are going to sell it too early so that is bad.
But they have to know that now not the right time is to sell it otherwise you are going to lose some money because the value is not even that high.

This is the moment where holding bitcoin effort makes you profit. Just like holding gold, bitcoin become a great investment nowdays and this will make bitcoin become popular
Holding is very good because of the price increase that is coming, there is such a good chance that the halving will let us make profit with holding.
I even think the halving will help you on a long run with its influence.
sempak
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May 03, 2016, 10:08:37 PM
 #459

it is not the best way. You can get more profit when it can trade as often as possible. too long to save bitcoin will not be profitable. fortunately only slightly. while when you do trading transactions with amounts more often then the advantage that you can be guaranteed more.

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May 04, 2016, 07:37:35 AM
 #460

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 can't say that it is best way to earn bitcoins, but it's not a bad one, reason why it's not the best is because it is a slow way to earn, you will get decent profit only about 2 years or more

but it's not bad either as it is pretty safe way to earn, and you don't have to know a lot about it like in trading, so it is good way too, but not the best for sure

 
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