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

[0day]

Holding bitcoin is a good way to make money long-term, but you could also lose money.

i think we will not lose money while we hold our coins for longer time, just think about the last week the price started to decrease but I did not sold my coins and decided to hold them for longer and so today the value of my coins are increasing again.

[richardsNY]

Holding bitcoin is a good way to make money long-term, but you could also lose money.

i think we will not lose money while we hold our coins for longer time, just think about the last week the price started to decrease but I did not sold my coins and decided to hold them for longer and so today the value of my coins are increasing again.

As long as you don't sell any of your coins, you won't lose anything. Even not when the price goes down quite a bit. You need to be calm at all times and have good control over your emotions. If you have all that, then you'll become a solid holder.

[MFahad]

Holding bitcoin is a good way to make money long-term, but you could also lose money.

We hold bitcoins because we want to make profit from it, but if we are talking about for a long time period so what does it mean, if during that period bitcoin has achieved biggest price, so sell it right now, in that time don't think to hold your bitcoins for long term. I mean if we get a profit in a short period so we don't need to hold it for a long time.

[Sergiorr101]

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?

of course it is awesome way to earn! Because it requires no skill at all, all you have to do is to buy some bitcoin and "forget" about them for year or such, and then sell them

[Aamir1]

Holding bitcoin is a good way to make money long-term, but you could also lose money.

We hold bitcoins because we want to make profit from it, but if we are talking about for a long time period so what does it mean, if during that period bitcoin has achieved biggest price, so sell it right now, in that time don't think to hold your bitcoins for long term. I mean if we get a profit in a short period so we don't need to hold it for a long time.

Exactly, holding bitcoins is good but holding them for too long is not important, because sometimes you may get a reasonable price even in a short time, and what if you did not sell your coins at a good price and later price dropped.

[Xenophoto]

I think so, if you take a look at the past, people who have invested their money into bitcoins and didn't sell any of them are now at 100x profit. And if they continue to not sell any coins, that profit will become larger and larger. As for us, the newcomers, if we buy bitcoins today, we will have to wait for years or even decades before we reach that 100x profit. But that should be okay, after all, we don't have to do anything. We just have to hold bitcoins for a long time.

[hawkins]

perhaps now is a good thing to hold bitcoin in a long time, but do not let it stop you trying to run another business. although I say it's good, but in reality we can not predict the price of bitcoin very precise, so maybe it's better you do it with a bit of running a business that is being added to your finances

[Oj0]

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 's hard to say yes if not better you to decide so do not put all your money in bitcoin . You can rotate the other in trading while waiting to rise the price of bitcoin . Better because you earn well other than just lay there and waiting when you earn . Do trading because you can make more money than you deposit in bitcoin . So if I have you to increase your income to trading out while waiting for the rise of bitcoin.

[randy8777]

perhaps now is a good thing to hold bitcoin in a long time, but do not let it stop you trying to run another business. although I say it's good, but in reality we can not predict the price of bitcoin very precise, so maybe it's better you do it with a bit of running a business that is being added to your finances

just look at the charts from 2011 till now. if you don't look at the peaks and dumps, you can clearly see that the price has been going up steadily. i definitely expect this growth to continue in the coming years. so yes, buy and keep holding!

[Wowcoin]

Yes because the price sky rockets from time to time.

Yes its okay to hold it but we know that no one can tell if bitcoin going up or down. Much better to invest the half in another investment to mske income while waiting the bitcoin price up.

[gandame]

Good to invest in bitcoin if you have many bitcoin , you sustained to get a big profits. But if bitcoin you have  1-3btc only to invest you better just to cut it into two and to invest in the site are i paying like in forex to not sleep your money . In forex trading can be more or altcoins so many choices to make every day income. Its hard if you invest in one of such intolerable bitcoin before you earn . But if you invest in others will earn you greater revenue to invest in bitcoin .

[CryingMidget]

Yes because the price sky rockets from time to time.

Yes its okay to hold it but we know that no one can tell if bitcoin going up or down. Much better to invest the half in another investment to mske income while waiting the bitcoin price up.

Holding is only good for save some money because with holding you ca'nt earn money with it and that is bad so you have also to take some risks if you want to make profit in future, It is nice to hold it around this time because the value is not high enough to sell it and It will become a stable price soon with high value.

[Hellacopter]

it's good if you study the Bitcoin's market well and if there is predictions that the price will increase highly , otherwise you could lose or at least wait for long time to make some earning

[nejibens]

Holding bitcoins a long time is indeed a good way to make money, because sooner or later the Bitcoin's price will increase, and this way you make good amount as profit.

[harizen]

Good to invest in bitcoin if you have many bitcoin , you sustained to get a big profits. But if bitcoin you have  1-3btc only to invest you better just to cut it into two and to invest in the site are i paying like in forex to not sleep your money . In forex trading can be more or altcoins so many choices to make every day income. Its hard if you invest in one of such intolerable bitcoin before you earn . But if you invest in others will earn you greater revenue to invest in bitcoin .

It's good to maximize all your trading activity but in here you are just increasing also the risk since you are playing with all the risk in those respective trades.

It's fine because we just have to play with the risk but with BTC1-3 amount as you stated, it's enough to play with only lone risk depends on what type of trades you preferred.

[macedoniantable]

I have held some since it was fairly cheap early on so I can say out of experience that it is a good way to bank profit because I sold some just before the dip last week and have keep some for the impending increase that is too come.
So I can say all in all it is a good way to earn money on your initial investment of buying them early enough.

[Aamir1]

I have held some since it was fairly cheap early on so I can say out of experience that it is a good way to bank profit because I sold some just before the dip last week and have keep some for the impending increase that is too come.
So I can say all in all it is a good way to earn money on your initial investment of buying them early enough.

It is basically a really good way of earning profits if you buy bitcoins and hold them for some time and sell them back when the price is higher than the time you bought them, but sometimes holding them for too long can be risky because you may dont sell them when the price is high because you think it will go higher and what if it comes even down then the amount you bought them?

[TGD]

Investing while waiting is the best way to make money, you can multiple your money with investing, and if the price increase more you will get profit double than you expected, so why you choose only one option if you still have more.

[Eidheen]

I think holding bitcoins for a limited time can be profitable but it can be risky holding them for too long. No one can really know what will happen in coming time, especially now, after the halving.

[machinek20]

I think holding bitcoin is going to be a good way of earning, as we can see bitcoin is toward to a better price, and after halving i optimist that the price its going to up and i can see the bitcoin popularity keep on increasing so I think bitcoin is a great asset to invest