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Aamir1
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July 26, 2016, 04:15:20 PM |
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I see many people didn't understand good this question. Holding bitcoins for a long time means that you expect that price will be very high one day, and then you can cash out that bitcoins an you will have profit. Simple example say if you buy 10 bitcoins for 650 dollars and that is 6500 $ and decide to hold it for 10 years. You expect price to be 3000 $ for one btc after 10 years, you earned 30 000 $ minus 6500 $ means you made 23 500 $ profit.
Holding is not making money, its something you stay on a side for future, and that is always big question will bitcoin have so high price for 10 years or not? You are gambling. Nothing is 100 % safe, maybe its better to put 10 btc in casino and try to make your pension today.
It would be better than putting 10 btc in casino to make a bitcoin casino with it and if that is not enough then take one more partner and together create a bitcoin casino that will earn him a very good income on daily basis. |
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shugareward
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July 26, 2016, 04:20:48 PM |
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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 good way to earn only if you sell your bitcoins at correct time and if you buy them later for good price, you will make lots of profit if you will do this |
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crairezx20
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Activity: 1638
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July 26, 2016, 04:39:53 PM |
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I see many people didn't understand good this question. Holding bitcoins for a long time means that you expect that price will be very high one day, and then you can cash out that bitcoins an you will have profit. Simple example say if you buy 10 bitcoins for 650 dollars and that is 6500 $ and decide to hold it for 10 years. You expect price to be 3000 $ for one btc after 10 years, you earned 30 000 $ minus 6500 $ means you made 23 500 $ profit.
Holding is not making money, its something you stay on a side for future, and that is always big question will bitcoin have so high price for 10 years or not? You are gambling. Nothing is 100 % safe, maybe its better to put 10 btc in casino and try to make your pension today.
It would be better than putting 10 btc in casino to make a bitcoin casino with it and if that is not enough then take one more partner and together create a bitcoin casino that will earn him a very good income on daily basis. I think 10 btc is not enough to start a big casino.. better to start increasing them in trading so that if you make 50 btc in trading you can start your own business gambling is risky but almost all gambling site here are successful |
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TheUltraElite
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Call your grandparents and tell them you love them
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July 26, 2016, 05:01:16 PM |
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Hello
I would say yes because looking at the current graphs the price of bitcoins has risen to 700+ USD in the last few weeks. The price keeps going up and down. Keep an eye on the price and the price at which you bought the coins and sell them at the proper time to earn profits.
Good luck!
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bitcoinisfurture
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July 26, 2016, 06:23:46 PM |
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It's not necessarily needed to wait very long for the price to increase and sell, a small spike could be more profitable in short terms. The only thing you have to keep in mind is that the bitcoin is unpredictable so you need to take some risks to make profit, like most investments of course.
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betlord90
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July 28, 2016, 04:56:11 AM |
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Now is the time to keep because bitcoin consequently it rise in the next few days . I do not know exactly when it will happen but it is better kept with us . For increased bitcoin we regret because we have bitcoin hidden . So good to store bitcoin . Even longer be keep it when we know that high prices will earn and increase our bitcoin.
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bitkilo
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https://www.bitcoin.com/
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July 28, 2016, 05:00:22 AM |
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Holding your bitcoins will be good for profit if and only when the price rises, the future is unpredictable.
Don't put all your eggs in one basket because there are many players in the crypto world who want to take over.
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lienfaye
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July 28, 2016, 05:20:57 AM |
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Hello
I would say yes because looking at the current graphs the price of bitcoins has risen to 700+ USD in the last few weeks. The price keeps going up and down. Keep an eye on the price and the price at which you bought the coins and sell them at the proper time to earn profits.
Good luck!
Yes i also believe that the price would go up and its a good investment to hold your bitcoin now. im holding my btc and for me i dont need to wait for a long time, as long as the price increase i will definitely sell it and earn. |
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Jimbola3
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July 28, 2016, 11:42:17 AM |
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Holding your bitcoins will be good for profit if and only when the price rises, the future is unpredictable.
Don't put all your eggs in one basket because there are many players in the crypto world who want to take over.
yeah the thing you said is right but seeing the potential and market of bitcoin at same time i believe it wont fall but rise high always and also many big companies are already trusting bitcoin and making it more stronger ! i don't think that other crypto currency can replace bitcoin ! |
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PeRo
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July 28, 2016, 11:44:24 AM |
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Yes, it is a very good way to make money, but you can not predict the Bitcoin price always, but it always skyrockets from time to time and always goes up and makes a new floor for itself. And when it falls down it is temporary, so the risk is not very big but the price can sometimes make us worry. It is a bit risky but it can indeed make a good profit if yiu hold some Bitcoins.
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Aamir1
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July 28, 2016, 05:06:29 PM |
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Holding your bitcoins will be good for profit if and only when the price rises, the future is unpredictable.
Don't put all your eggs in one basket because there are many players in the crypto world who want to take over.
Holding bitcoins is good but only if they are held for a limited time, because no one can know if what will happen in future so if you see a reasonable price just sell the coins because it may drop again after some time. |
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gtglener
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July 28, 2016, 05:24:31 PM |
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I'm not sure but maybe yes holding bitcoin in long time it is good. Patient is more important in this situation if you have patient go invest it in a long time but you do not have patient maybe do not invest it you must save it the way they do others investor. Patient is vertue. Invest wait and earn.
along with patient, we also need some extra money which we can afford to hold in bitcoin in our wallet for longer, if yes you have some money which you can hold in your wallet then I will say yes you will have to hold them in your wallet for longer and it is sure that you will earn some bigger amount with that. |
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bitkilo
Legendary
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Activity: 1638
Merit: 1010
https://www.bitcoin.com/
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July 28, 2016, 10:58:48 PM |
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I have 13$ worth of btc.i dont understand what will happen,if i holding this btc for a long time ?
It just depends on how long you hold and what the price is when you sell or trade for goods. It could be worth $1 or it could be worth $10000 |
Not a paid signature, just added to promote Bitcoin.com |
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arwin100
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July 29, 2016, 01:21:54 AM |
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I'm not sure but maybe yes holding bitcoin in long time it is good. Patient is more important in this situation if you have patient go invest it in a long time but you do not have patient maybe do not invest it you must save it the way they do others investor. Patient is vertue. Invest wait and earn.
along with patient, we also need some extra money which we can afford to hold in bitcoin in our wallet for longer, if yes you have some money which you can hold in your wallet then I will say yes you will have to hold them in your wallet for longer and it is sure that you will earn some bigger amount with that. Well the very best thing to do is to hold big money for long time its because the bigger you stake the bigger amount you could take if the flactuation go ul for the past years upcoming and theirs no doubt really for this to came up since bitcoin get more trust and stakes nowadays. And for saying to hold with small amount? Well thats not advisable since you could get money if you use it for good investment or any other form to earn more bitcoins. I have 13$ worth of btc.i dont understand what will happen,if i holding this btc for a long time ?
13$ is so small to stake for a long time the best thing you could do for that amount is invest it and learn some new ways to gather/collect more btc as you can and if you just save it well i can say its waste for your time since we can get more profit if we wisely used it. |
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avw1982
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July 29, 2016, 05:45:37 PM |
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I have 13$ worth of btc.i dont understand what will happen,if i holding this btc for a long time ?
It just depends on how long you hold and what the price is when you sell or trade for goods. It could be worth $1 or it could be worth $10000 It could be good to hold your bitcoins for a long term, keep in mind there are more risks that you have to take to do this but it will also maybe be more profitable at the end, A long term investment can let you gain a lot of money if the bitcoin grows to a very large currency. |
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Aamir1
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July 30, 2016, 08:28:38 AM |
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It could be good to hold your bitcoins for a long term, keep in mind there are more risks that you have to take to do this but it will also maybe be more profitable at the end, A long term investment can let you gain a lot of money if the bitcoin grows to a very large currency.
Someone can surely gain a lot of money by holding the funds for too long, but on the other hand he may also lose a lot of money by holding them for too much, because no one can know if what happens tomorrow so it is never guaranteed if the price will grow or it will come down, that is why it is always better to sell a half of them when you see a reasonable price, and keep the other half and if you see price coming down then sell the second half to stay safe from losing profits. |
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safari88
Legendary
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Activity: 1960
Merit: 1026
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July 30, 2016, 12:12:16 PM |
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I have 13$ worth of btc.i dont understand what will happen,if i holding this btc for a long time ?
It just depends on how long you hold and what the price is when you sell or trade for goods. It could be worth $1 or it could be worth $10000 It could be good to hold your bitcoins for a long term, keep in mind there are more risks that you have to take to do this but it will also maybe be more profitable at the end, A long term investment can let you gain a lot of money if the bitcoin grows to a very large currency. bitcoin prices will always be at the pump to rise. if the future of bitcoin increasingly rare, since halving continue to do, I think prices will continue to rise. so really a good way to hold in the long term. |
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gtglener
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July 30, 2016, 12:19:17 PM |
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I have 13$ worth of btc.i dont understand what will happen,if i holding this btc for a long time ?
It just depends on how long you hold and what the price is when you sell or trade for goods. It could be worth $1 or it could be worth $10000 It could be good to hold your bitcoins for a long term, keep in mind there are more risks that you have to take to do this but it will also maybe be more profitable at the end, A long term investment can let you gain a lot of money if the bitcoin grows to a very large currency. I think there is no any risk to hold our bitcoins for longer as if we have a good knowledge about bitcoin and keep a bare look on its price and other events and get a good knowledge about trade then it is not possible that we will lose anything with our bitcoins. I have my bitcoins in my wallet from about more than 8 months and I have not lost any amount in there in that period, which is a proof for me that there is no any risk to hold for longer. |
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Maesters1-
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July 30, 2016, 02:01:48 PM |
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yes there is no doubt about this, if you have some extra money or if you can reserve some money from your salary or from your expenses you have a very good opportunity of invest it in bitcoin, although the price are a little high now but i think if you are going for a long term investment then it is a good chance with you, hope that after an year or you you will really get a very good profit from your investment,
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Taki
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July 30, 2016, 02:09:49 PM |
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Hmm if to think about the long period of holding bitcoin - I think it's good way to make money. Look, just last year bitcoin costed 200$ per 1 BTC and how much it is today?! 680$! So people triple their money. And what was in the beginning? Bitcoin costed like couple dollars. That was the exactly moment to buy bitcoin, but who knew that it's gonna rise so much and get so popular?! Today we also don't know what is gonna be with bitcoin price, but I think 680$ is not the end.
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