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

[CryingMidget]

Holding them is actually a better way, because the price is nothing as we don't have too many people involved still.
Just let this go mainstream and see how the price explodes.

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.

[Adrorecia]

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 where the only one doing this kind of things hbolding bitcoins for allong time you will have the most profit out of us all but because allot of people are holding their coins. The
price of the bitcoin wont rise because the prise will only rise is we are spending coins you know so if you want to hold do it with just some and not all of your coins.

[Cyaren]

Yes because the price sky rockets from time to time.

i could argue with that,its depends from the perspective.
it's hell of a risky to just buy it blindly and have hope "it will sky rocket", i would try to implement some real trading strategies and look for a good breakout to buy it.
You can sell BTC too at some trading sites,which might be better choice (at short term usually)

[YTBitcoin]

Yes I think its good invest for a long time but that it also can have a lot of risks because of the fact.
I think with the bitcoin itself you can make a lot of money due to the fact that it has a great future.

It is true that long run investment in bitcoin is better and will benefit us a lot, but there is no any risk in there, a lot of people are considering it as a risk but they are at fault, they do not have any knowledge about bitcoin and that is why they are saying like that.

[Galiatram]

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?

Holding bitcoins for a long time is that making good money or is it just wrecking the bitcoin i dont know what to think about it because both
of the storys has something that is true because holding and wait for price increase is always good. But holding and not spending makes no price increase so you have always double thoughts.

[DavidoAlto]

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?

Holding bitcoin is like holding other investments such as stocks or gold. Is holding stocks always good? Apple was at $200 in 2010, it was $600 in 2014 before the stock split. There were ups and downs during those 4 years, it also peaked at $670 in 2012. Knowing when to buy and when to hold is whats makes it "good".

Bitcoin peaked at over $1000 and now it is around $250. If you think bitcoin has the potential to pass $1000 again, isn't buying at $400 and $300 still very "good"?

Holding bitcoins for a long time is the best thing you could do you know. There are allot of peopel doing it the only thing what makes it difference.
Is that when you only hold your coins there are no coins spending and spending coins make price increases that is really important for the bitcoin.

[Cozynunu]

However, isn't the value of bitcoin almost always going to go up so its best to hold it?

In theory it should being a deflationary currency, but it all depends on supply and demand.

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? 

Again, in theory the halving should push the value up but that also depends on what the demand for coins is like.

Could bitcoin go all the way to 0 soon? 

It could go to zero or less than $100 but probably wont anytime soon and hopefully never.

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?

The price is very low and bitcoin hasn't reached even a small percentage of it's potential so the potential for it to rise dramatically or go back to around $1000 is very good in my opinion though we may need patience.

If we are all holding it will not be so good for the price of the bitcoin off course. But when we are holding just a half of our bitcoins and spending some or trading some
That will cause a price increase for sure so make sure you spend some and save some not everything saving at the same time.

[praprata]

Yes I think its good invest for a long time but that it also can have a lot of risks because of the fact.
I think with the bitcoin itself you can make a lot of money due to the fact that it has a great future.

Investing now for a long time can be very good but I also think its really depending on how you are doing this with all the things that are going on, I honestly do not think holding them too long is good.
As a example if the price is gonna rise to a very high amount I still will sell my long term stash.

[Skaven]

By holding the bitcoin for a long term you can make a lot of money, also the fact that the bitcoin has a great future its also really worth doing this.
The longer you are holding right now the more profit you are gonna make without any doubts for sure.

[Monkeymails]

I think the price of bitcoin will now not go to drop, so it is not bad that we keep our coins for more longer in our wallets, it will make us to earn better with the passage of time.

[DoublerHunter]

I think the price of bitcoin will now not go to drop, so it is not bad that we keep our coins for more longer in our wallets, it will make us to earn better with the passage of time.

The price of the bitcoin could drop after halving because most of the user's mindset is just to collect and save some coins and after halving they will sell all their coins to secure their profits. But in this thread his pointing for holding bitcoin for a long time or long term and if you ask me it's the best to do with our bitcoins because the price of bitcoin is continue rising year after year so it's not bad for us to just hold it for long term investment.

[harizen]

I think the price of bitcoin will now not go to drop, so it is not bad that we keep our coins for more longer in our wallets, it will make us to earn better with the passage of time.

The price of the bitcoin could drop after halving because most of the user's mindset is just to collect and save some coins and after halving they will sell all their coins to secure their profits. But in this thread his pointing for holding bitcoin for a long time or long term and if you ask me it's the best to do with our bitcoins because the price of bitcoin is continue rising year after year so it's not bad for us to just hold it for long term investment.

Price drop is expected once people sees profit but it will just be started if big whales will make a dump moves. Even for a small price drop they can create, it will attract other people to do the same that willl now lead to a panic dump.

That situation is my main factor why I don't considered holding for so much long period of time.

[Iceborn]

For you it is better to hold coinsfore a long time because you dont have allot of them you need it from the price of the bitcoin you know
There are allot of people who has many coins and also holding they need ot spend some otherwise the price wont go up.

[DoublerHunter]

I think the price of bitcoin will now not go to drop, so it is not bad that we keep our coins for more longer in our wallets, it will make us to earn better with the passage of time.

The price of the bitcoin could drop after halving because most of the user's mindset is just to collect and save some coins and after halving they will sell all their coins to secure their profits. But in this thread his pointing for holding bitcoin for a long time or long term and if you ask me it's the best to do with our bitcoins because the price of bitcoin is continue rising year after year so it's not bad for us to just hold it for long term investment.

Price drop is expected once people sees profit but it will just be started if big whales will make a dump moves. Even for a small price drop they can create, it will attract other people to do the same that willl now lead to a panic dump.

That situation is my main factor why I don't considered holding for so much long period of time.

IMO you can still hold your coins for a long period of time like doing it as a long term investment. You can hold your coins from 5 years or more and i'm sure that if you hold your coins now and after a few years, you can earn up to 200% from your investment and i think it's good enough for a investor that all he need to do is just to wait and keep holding his coins up to 5 years.

[MrWhiteBites]

When you hold anything Bitcoin or alts, there are usually big swings, tons of $$$'s to be made in those swings, learn how to trade. Learn how to not buy at the bottom, learn to spot bottoms to buy in at and maximize your profits.

But if you do not feel confident in trading, then sure, Hold.

[bitdumper]

yes holding botcoin for a long time will according to me is a good decision. we know the price is not to be trusted but if it didnt made any profit then also we can avoid the loss by waiting some more

[bitcoinhopper]

Yes I think holding up the bitcoin for a while is good, holding too long is not good in my eyes but you can choose for a long term.
I honestly think that a long term can be very profitable if you are doing this on the right time and sell on a right time.

[PokerFace3]

It should be a good investment, and I am fairly confident it will.

But nobody can truly predict the market and know what will happen next with the price, and Bitcoin is know to be volatile.

So yes, Bitcoin is a solid investment, but don't put your whole net worth into it.

To one perception, yes it is, because the value of the Bitcoin is like the gold and is increasing day by day and has gone
very high, but still the bitcoin is still virtual medium and can be lost among the internet as well because noone is
holding it and noone is authorized. If we lose money then we go to the bank or somewhere else to sue but we are in risk if
some other computer psychopath knows the way to move to our wallet than we would be doomed for sure.
It is inappropriate to say whether holding bitcoin may get us more money or not.

[hermanhs09]

Yes I think holding up the bitcoin for a while is good, holding too long is not good in my eyes but you can choose for a long term.
I honestly think that a long term can be very profitable if you are doing this on the right time and sell on a right time.

You are not 100% right,cause holding btc for a long time might be even better idea to invest this way,than
buying it and selling after,let's say one month.
Not many ppl know about BTC which means,if more people will know about it,more will want some btc,and due to btc characteristic,every year there is less bitcoin mined.
That means price may constantly rise.

[Cast12]

Holding bitcoin a long time could be a good way to make money if you know where the market's going. But unfortunately, no one knows where the market is going.