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

[Qunenin]

With so many services that just scam people, with so many hackers around that attack exchanges, probably safest way to make profit is to buy bitcoins and keep them on some very safe place.
We are talking about very long term investment, many of us here found out about bitcoins too late people who joined here 7 8 years ago are in good profit already, but here on forum I see many of them are still holding their coins. Cause of all that holding is not good, its probably best way, and most safest way. Every other way is risk for coins, I'm gambler I know that very good.
 

I fully agree about holding being the safest way of investing in Bitcoin, but sadly the majority of the people here don't think like that as they consider holding to be very boring and not rewarding.

These are the kind of people that are investing in fishy sites where they are being promised high interest rates. It's pure greed. Greed that will cost them a lot money in the long run.

Greed can cause you a lot of loss. These days people are scammed by a lot of new sites which offer ponzi schemes and people fall for them and end up losing their savings.

[BitHodler]

With so many services that just scam people, with so many hackers around that attack exchanges, probably safest way to make profit is to buy bitcoins and keep them on some very safe place.
We are talking about very long term investment, many of us here found out about bitcoins too late people who joined here 7 8 years ago are in good profit already, but here on forum I see many of them are still holding their coins. Cause of all that holding is not good, its probably best way, and most safest way. Every other way is risk for coins, I'm gambler I know that very good.
 

I fully agree about holding being the safest way of investing in Bitcoin, but sadly the majority of the people here don't think like that as they consider holding to be very boring and not rewarding.

These are the kind of people that are investing in fishy sites where they are being promised high interest rates. It's pure greed. Greed that will cost them a lot money in the long run.

Greed can cause you a lot of loss. These days people are scammed by a lot of new sites which offer ponzi schemes and people fall for them and end up losing their savings.

And you know what's the worst of all? That certain people invest their money into scams while they know that.

They think they can get out before the operator of the scam site start running away with all the coins that he took from greed obsessed people.

[Hofer]

I have invested a nice amount in Rimbit about 2 years ago... It's getting to the point where we are about to takeoff. I can't wait to be a millionaire (or a little poorer, I still have faith in this Pre-mine) I do suggest that you guys take a look without being biased about the Pre-mined coin.

[serjent05]

I have invested a nice amount in Rimbit about 2 years ago... It's getting to the point where we are about to takeoff. I can't wait to be a millionaire (or a little poorer, I still have faith in this Pre-mine) I do suggest that you guys take a look without being biased about the Pre-mined coin.

The problem with the premined coin is that people are worrying that when time come that it take off, the dev might dump all their premine and then run away.  Though, it doesn't concern me at all since i believe if the dev aimed to scam everyone from the start, no matter how little the premine is,  he will do ways on accumulate coins in a very cheap price and pump the price then dump it.  Anyway, im not a believer of long time investment scheme.  i would rather see my bitcoin being use actively and earn me more bitcoin than leaving it in my stash and wait for miracle to happen.

[Maesters1-]

With so many services that just scam people, with so many hackers around that attack exchanges, probably safest way to make profit is to buy bitcoins and keep them on some very safe place.
We are talking about very long term investment, many of us here found out about bitcoins too late people who joined here 7 8 years ago are in good profit already, but here on forum I see many of them are still holding their coins. Cause of all that holding is not good, its probably best way, and most safest way. Every other way is risk for coins, I'm gambler I know that very good.
 

I fully agree about holding being the safest way of investing in Bitcoin, but sadly the majority of the people here don't think like that as they consider holding to be very boring and not rewarding.

These are the kind of people that are investing in fishy sites where they are being promised high interest rates. It's pure greed. Greed that will cost them a lot money in the long run.

Greed can cause you a lot of loss. These days people are scammed by a lot of new sites which offer ponzi schemes and people fall for them and end up losing their savings.

i think in every trading or investment you need to be extreme cautious and careful because you can be scammed. it is a fact that there is too much risk in investment and trading but we cannot stop trading or investment, the only way is to be careful. and only then you can remain safe.

[bestluck]

Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.

In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.

It is risk but not a harmful risk as bitcoin is a reliable asset and with that we all are sure cannot lose our investment, I also have invested in there and do not consider that amount in risk but I am happy with that.

[nizamcc]

Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.

In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.

It is risk but not a harmful risk as bitcoin is a reliable asset and with that we all are sure cannot lose our investment, I also have invested in there and do not consider that amount in risk but I am happy with that.

True, because bitcoins will survive at least till the end of mining unless last coin mined. Till then, people should not be scared of this asset as it will still give a lot to everyone if you have the potential to make money with it. If you are not good at holding, just buy low, sell high and repeat it, you will make money.

[PsursV]

Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.

In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.

It is risk but not a harmful risk as bitcoin is a reliable asset and with that we all are sure cannot lose our investment, I also have invested in there and do not consider that amount in risk but I am happy with that.

yes that is a fact. i have also a good experience of long term investment. i found it very profitable. therefore my first preiority is long term investment. i have bought some bitcoins and now holding it for price increase but i am not going to sell it n a year or so. i am just going to hold it for next 3 to 4 years.

[Jasad]

Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.

In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.

It is risk but not a harmful risk as bitcoin is a reliable asset and with that we all are sure cannot lose our investment, I also have invested in there and do not consider that amount in risk but I am happy with that.

just take a look to people who mined bitcoin in 2009,2010 and 2011 ,
and still holding bitcoin what happened to them now? ,
yupp they are getting rich , risking their time for something that they thought that time will become worthy ,
and then their sacriface paid off , so do this time too i think will be same.

[Johnbusher]

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 are just holding bitcoins it wont be very positive for others but for your self maybe better. But dont think just leaving them for a month will change allot you need to buy allot and maybe hold them more then a couple of years otherwise you need to trade makes more money.

[Cresciuanto]

as i have good experience in short term investment as well as in long term investment. i have also good experience in stock exchange, in all my experience i fount that long term investment is the safest way of earning money. in long term investment there is a little chance of loosing your money, while in short term investment you can lose a lot of money in a very very short period of time. there for to me holding bitcoin for a long time will be a good decision and hope it will give you a good profit at the end. i my self holding bitcoin for long time.

[bestluck]

Holding bitcoin for long-term s a good way to either make money or lose money. If you have a lot of bitcoins and the price increased, you can potentially make big money. It's also the same if the price decreased, but instead of winning, you are losing money.

In bitcoin saving both can be happened. because bitcoin price is unpredictable. but as I can see the daily usage and people's demand of bitcoin I can say that holding bitcoin will be profitable. I myself taking this risk(it is risk because as I said everything can happen) and I know a lot of people who doing the same.

I do not consider it as a risk as I do not have lost any money at bitcoin but only a small amount with the recent dump which is looking as recoverable , as the price will once again sooner or later start to increase and will go more higher.

[maydna]

i think its a good way, because bitcoin still exist until the last mining. and from time to time, the rate will be up and down, but i think it will be increase than before so for example we have 10 btc, keep 5 bitcoin and make a buy bitcoin at cheap price and sell bitcoin at up price so we can get profit from bitcoin and our bitcoin stock will be grow in next month or year.

[Altcoinmoney]

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.

I can tell you that it is not the best thing you can do because there are allot of people holding their coins and as you can see the price of the bitcoin is not really positive in the end of this year so when you all are holding your coins the price wont rise allot we need to keep them rolling you know.

[Divinespark]

BTC will make you money, but only it you hold it for the very, very long term and are able to screen out high volatility and negative newsflow along the way. Easier said than done for most of us.

[safari88]

yeah quite good, if you have a lot of bitcoin in hold for the long term. but if the money is not much, hold for the long term is not a good way to make money. better trade to make money short term.

[shinratensei_]

BTC will make you money, but only it you hold it for the very, very long term and are able to screen out high volatility and negative newsflow along the way. Easier said than done for most of us.

Simple "time is money" and the theory Holding for long term = passing every good moment on bitcoin = every second waste your profit and your money.

[Adaleon]

I'm not so sure, I think you have already missed your opportunity to make a real good amount of money using bitcoin. Of course anything can happen and they could rise again, but as I said anything can happen so dropping is also an option! Only time will tell.

[Ybalevia]

It depends. You'll have to look at different variables in order to come to a conclusion. At this point I do think bitcoin is healthy and will be rising up, but as you know anything can and will happen.

[Legasean]

Holding your bitcoins to long is not really profitable because allot of peopel are doing that stupid strategy and i can tell you if everybody is going to do that you will see that the price of the bitcoin will fall verry low so be careful witch strategy you are going to use.