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

[Sled]

Yes the bitcoin has a good future but its still the question if it will prove itself and prove it has a good one.
I think a long term is good but we cannot see this with 100%..

You are right about that the future cannot be predicted but it still that the halving will most likely be good and due to that it has a good long term future.
The bitcoin is becoming more popular everyday.

Yes the bitcoin is becoming more popular everyday and In my opinion one of the cause of that being more popular of bitcoin is the incoming bitcoin halving event because the price of bitcoin is continue rising and resulting for people to attract to use bitcoin as another currency online . If we just continue doing that keep promoting bitcoin, i'm pretty sure that someday the bitcoin will be more than $5k per bitcoin .

[Adrayrd]

It can be good to make allot of money with bitcoins holding but i dont think it can be good for all of us if we all hold our coins for years because the price wont rise eather.

[rphk]

holding is one part and also you can try selling things like digital goods online and making profit from it. another way making your website .but do not invest on HYIP ,ponzi schemes etc.

[naidray]

Yes holding the bitcoin is good if you are doing it on a good way, if you hold your bitcoins right now and stay holding them you will make good profits.
The nice fact is that the halving is also coming and it will be profitable most likely.

The price of bitcoin will increase not only because of halving but it is also the fact that now more companies are adopting bitcoin for their businesses and with that the demand is increasing and giving a boost up to the price of bitcoin.

[bitcoinisfurture]

Yes majority times this will help you gain profit. But you should not be in hurry when the price is low and want to sell. You should able to hold it for may be months to gain it and you will end up getting  good profits.

[Dwelach]

I dont think this is the best way to be sure that the price of the bitcoin will rise allot because of we all hold our bitcoins the price wont be high.
So if you have allot of coins make sure you spent some of them.

[Altcoinmoney]

It can be good for you to make allot of money but i dont think people would be very happy with you if everyone is just holding
coins for that long time the price of the bitcoin wont rise allot only fall a little if we dont spent them.

[romero121]

Yes majority times this will help you gain profit. But you should not be in hurry when the price is low and want to sell. You should able to hold it for may be months to gain it and you will end up getting  good profits.

Yeah majority time holding gives profit, but one needs to be in close observation while holding because because based on price fluctuations we need to change our decisions only then the better profit is ours.

[serjent05]

Yes majority times this will help you gain profit. But you should not be in hurry when the price is low and want to sell. You should able to hold it for may be months to gain it and you will end up getting  good profits.

Yeah majority time holding gives profit, but one needs to be in close observation while holding because because based on price fluctuations we need to change our decisions only then the better profit is ours.

I agree holding Bitcoin for a long time can possibly give you a profit.  But holding Bitcoin for a long time, you must look closely at the bitcoin price, since its volatility is high, there is no assurance if the price of it will meet your expectation.  Though I still believe that if you really want to make a good money out of Bitcoin, you should roll it to investment.

[hermanhs09]

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?

That depends on so many things though.. I usually sell when price is double the amount i got it at.. or if i win it in gambling, if its over $600 then its going to bank. At least then I know I've actually made some profits on it.. Holding on to it is a gamble in itself. One that could pay off in the long run, or not 

[serjent05]

~snipped

That depends on so many things though.. I usually sell when price is double the amount i got it at.. or if i win it in gambling, if its over $600 then its going to bank. At least then I know I've actually made some profits on it.. Holding on to it is a gamble in itself. One that could pay off in the long run, or not 

I agree that holding onto Bitcoin for a long time is a gamble itself.  As we know, no one can predict the future.  What is high in price today might plummet in price tomorrow.  That is how Bitcoin price behave.  It's high volatility make bitcoin price more speculative.  and the best thing is to sell Bitcoin if you see profit little by little and save you profit or reroll it to buy Bitcoin when Bitcoin price goes down.

[Kevin77]

Holding up the bitcoin is very good indeed and you can make a lot of money with just holding the bitcoin in my eyes.
Its just how you look at it, holding is now very good.

If you buy at the right price and sell at the right price, then yes, you can make a decent profit. But some people wait too long before securing profits as they mostly think the price will go up more than it already did. For example the $790 peak not that long ago. If you didn't secure some profits at that price level, then I really don't know what people are waiting for. The market was due for a heavy correction. People that did secure profits have been quite happy as they could buy back far below the $600 level.

The OP is asking for the long period investment, the current drop was only a short term drop and once again the price started to increase ,it means that for long term he can trust on bitcoin and it will give them a good profit.

[HilbillyFred]

you need exist points when the price is up, and buying points when the price is low. in this way you can profit by the way.

That's right but on holding you need to have a fixed schedule in terms of price and holding only then can grab the good profit.

The long term 1-2 years are great to get some profits by holding. But if you really start active trading you have to reconsider because it is a good way to make money, but also to lose money.

You partly right but I must say that long terms are not 2 years its mostly way longer in my eyes.
I think long term investing is good if you have the patient for it.

[avw1982]

I dont think this is the best way to be sure that the price of the bitcoin will rise allot because of we all hold our bitcoins the price wont be high.
So if you have allot of coins make sure you spent some of them.

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.

[Galiatram]

Some people thinks it is good to hold your money for allong time or bitcoins am i talking about off course. But it is not good when everybody does it.
And that is the problem because if someone says its good others will also hold and that will decrease the price of the bitcoin allot.

[avw1982]

Some people thinks it is good to hold your money for allong time or bitcoins am i talking about off course. But it is not good when everybody does it.
And that is the problem because if someone says its good others will also hold and that will decrease the price of the bitcoin allot.

I use to buy and hold the bitcoins as much i can! I see recently it being adopted by companies slowly, businesses are fast, consumers are still slow. There is so much doubt to people unfamiliar with bitcoin. It often takes them getting in there and getting there hands dirty and touching some coins before they really even understand that its real money and technology and not just a scam.

[gilangIDR]

If you are someone who is rich and has a lot of money then it's a nice way. but if you are a little money I suggest trading. by trading your money grows every moment.

[Bitcotalk]

If you are someone who is rich and has a lot of money then it's a nice way. but if you are a little money I suggest trading. by trading your money grows every moment.

money can be easily increase even without trading when we just hold them as the price of bitcoin in the coming month will increase, but if he want to increase his bitcoin amount then he should have to start trade.

[redsun114]

Yes holding the bitcoin is good if you are doing it on a good way, if you hold your bitcoins right now and stay holding them you will make good profits.
The nice fact is that the halving is also coming and it will be profitable most likely.

The price of bitcoin will increase not only because of halving but it is also the fact that now more companies are adopting bitcoin for their businesses and with that the demand is increasing and giving a boost up to the price of bitcoin.

Bitcoin is money and money can not be in Loss. Yes it is good idea to hold your BTC for the time when price will increase. Not only halving is the cause for the price to increase but after the regular trade the price will increase automatically.

[Chrismeister]

IS holding bitcoins for a long time good way to make money i dont think holding your bitcoins on a long time is really good for the price of the bitcoin only if we all doing it
But i dont think there are allot of peole who know that so if you want to hold your coins do it your way.