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

[Altynbekova]

I think buying and holding will make a profit but we don't know how long it will take to make a gain.  I would guess that it is better than putting money in a bank account but there's know way to tell how much better.

It can be very profitable but keep in mind the bitcoin is unpredictable and because of this no one can predict if it will be good on a long run.
I think it will but we never know it, you just have to find it out.

[bitlancr]

I think it can be good with long time holdings although the fact is that holding the bitcoin can be done on all kind of methods.
Long term investing is good due to the events and the future the bitcoin has, its getting more popular everyday.

[praprata]

I think its good to hold your bitcoins for a long time but of course this cannot be predicted, most of time it will be good.
The halving could maybe help us to make on a long term profit but it also depends on how you look at a long term and what you consider a long term.

[Supercrypt]

I think its good to hold your bitcoins for a long time but of course this cannot be predicted, most of time it will be good.
The halving could maybe help us to make on a long term profit but it also depends on how you look at a long term and what you consider a long term.

But we can predict somewhat accurately from the past record of bitcoin performance. I do not have any doubt on higher prices of bitcoin in future. So definitely holding bitcoin for longer time (for some years also) will make more money for you.

[DuckKeeper]

I dont think it is a good way to hold your coins on a long run. Because if you tell this to everyone and we are
all doing this till the end the bitcoin wont change anything of his value because everybody is just stocking their coins you know.
Coins need to be spent for a price increase.

Holding Bitcoin can be both a good way and a bad way of making money. If you are going to hold Bitcoins, you are expecting the Bitcoin price to rise over the money you bought at. This would prove to be a bad investment if you bought at the peak if it doesn't recover in the future.

Holding your Bitcoin will be the safest thing that you can do and of course you are saving it now because the value of the Bitcoin is not even that high so that have to change.
And also there are many people that is now waiting for a higher value because they want to sell it with huge profit.

[sishendaoye]

Yes holding the bitcoin for long terms is always good, the bitcoin is profitable on a long term because its constantly growing in users and also in the price.

[Kolamider]

Yes holding the bitcoin for long terms is always good, the bitcoin is profitable on a long term because its constantly growing in users and also in the price.

If the user number increases by 10 times, the price will grow by 100 times. That is called the network effect.

[xIIImaL]

Yes holding the bitcoin for long terms is always good, the bitcoin is profitable on a long term because its constantly growing in users and also in the price.

Holding Bitcoin can be both a good way and a bad way of making money. If you are going to hold Bitcoins, you are expecting the Bitcoin price to rise over the money you bought at.
This would prove to be a bad investment if you bought at the peak if it doesn't recover in the future.

[Bitcoinbee]

I dont think it is a good way to hold your coins on a long run. Because if you tell this to everyone and we are
all doing this till the end the bitcoin wont change anything of his value because everybody is just stocking their coins you know.
Coins need to be spent for a price increase.

Holding Bitcoin can be both a good way and a bad way of making money. If you are going to hold Bitcoins, you are expecting the Bitcoin price to rise over the money you bought at. This would prove to be a bad investment if you bought at the peak if it doesn't recover in the future.

Holding your Bitcoin will be the safest thing that you can do and of course you are saving it now because the value of the Bitcoin is not even that high so that have to change.
And also there are many people that is now waiting for a higher value because they want to sell it with huge profit.

Holding your bitcoin for a period of time is well good enough for an investment.  But still it depends on the quantity of btc you are holding with.  If you want your btc to grow even much bigger than it has to be than upon holding it for a period of time.  Then you invest it with caution.    The more btc you can have in the future the bigger the profit it can give you.

[romero121]

Yes holding the bitcoin for long terms is always good, the bitcoin is profitable on a long term because its constantly growing in users and also in the price.

If the user number increases by 10 times, the price will grow by 100 times. That is called the network effect.

This network effect occurs upto certain limit. Above which the price becomes stable for the rest. Depending upon this network effect holding for a long time is not the better decision. Better is to hold till halving.

[newcoins1978]

Yes holding the bitcoin for long terms is always good, the bitcoin is profitable on a long term because its constantly growing in users and also in the price.

Holding Bitcoin can be both a good way and a bad way of making money. If you are going to hold Bitcoins, you are expecting the Bitcoin price to rise over the money you bought at.
This would prove to be a bad investment if you bought at the peak if it doesn't recover in the future.

Indeed if you bought in on a high peak its a bad investment but if you bought it on a low peak you could make a lot of money.
If you are holding the future of the bitcoin is the most important thing for you.

[Lokfar]

I dont think it is a good way to hold your coins on a long run. Because if you tell this to everyone and we are
all doing this till the end the bitcoin wont change anything of his value because everybody is just stocking their coins you know.
Coins need to be spent for a price increase.

Holding Bitcoin can be both a good way and a bad way of making money. If you are going to hold Bitcoins, you are expecting the Bitcoin price to rise over the money you bought at. This would prove to be a bad investment if you bought at the peak if it doesn't recover in the future.

Holding will be only a nice way to save your money and that is all because you can only make some money with Bitcoin if you are selling it and that is the most important thing in Bitcoin.
And selling will be the most important so you have to know when the right moment will be to sell it and that is hard to know because it is almost impossible to predict so you need to take some risks also.

[MaritiJames3]

Yes its a good way to make money with the bitcoin, I really have no doubts about that and I also think that if you hold it with the halving you can even make a lot more profit.

[robelneo]

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?

If you have that Bitcoin today sure holding it before and after the having is very much profitable just last two weeks we've seen how Bitcoin jumped from $450 to $560 and this is just the beginning we will see more of this jump after the halving..

[martinacar]

Yes its a good way to make money with the bitcoin, I really have no doubts about that and I also think that if you hold it with the halving you can even make a lot more profit.

There is a possibility to make money by holding but keep in mind that the bitcoin is unpredictable so there can happen a lot in my eyes.
You can also lose a lot of money on a long term its really bases on the future of the bitcoin only.

[BitsandBites]

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 can be good but what do you think would happen to the price of the bitcoin if everybody is holding their coins right now. I dont think he will rise allot only fall if nobody is using coins he wont rise for sure believe me.

[avw1982]

Yes its a good way to make money with the bitcoin, I really have no doubts about that and I also think that if you hold it with the halving you can even make a lot more profit.

You can't hold for very long and expect to make money from it unless their is a major increase in the price for a solid week without it going down at all. It almost did happen at the start of the month but it will not sustainable for very long due to it rising to fast. Slow and steady growth is the only way it can stay at a plateau that people will like and sell at that time thus making you money but still We can wait for halving as you said, putting you into profit by that.

[phreaky]

Yes its a good way to make money with the bitcoin, I really have no doubts about that and I also think that if you hold it with the halving you can even make a lot more profit.

You can't hold for very long and expect to make money from it unless their is a major increase in the price for a solid week without it going down at all. It almost did happen at the start of the month but it will not sustainable for very long due to it rising to fast. Slow and steady growth is the only way it can stay at a plateau that people will like and sell at that time thus making you money but still We can wait for halving as you said, putting you into profit by that.

It's different. The longer you hold your bitcoins the better the outcome, since the longer term has a brighter perspective. Especially if you count multiple block halvings. At one moment the price will have to go up for miners to make it profitable.

And then there is the potential of bitcoin which can thrive the price up.

[Bitcoinbro]

I think holding the bitcoin for a long time is good although its depending on what you of course consider as a long time.
Most of the times a long time can be good its just a matter of time these days to make profit with the bitcoin.

[xIIImaL]

I think holding the bitcoin for a long time is good although its depending on what you of course consider as a long time.
Most of the times a long time can be good its just a matter of time these days to make profit with the bitcoin.

Even I am holding my Bitcoins without selling. I bought it when it value drop and I am going to be selling out when the value increases. This is an usual situations every bitcoiners here are doing the same. Even it has risk, I believe in long run profits from bitcoin.