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

[rektDude]

I dont think it is very clever to hold your bitcoins for that long if you want to make money with it holding is not the best option because the price wont rise allot off course.

[AicecreaME]

For me it's a yes. Though bitcoin right now is in the low range but it doesn't mean it will be just right there in that range. Who knows after a month or a year it will again in the high rate $1200 or more. Saving it won't cause you any harm but it's just my own opinion, we decide on our own, so the decision is still in yours whether you save it or not.

[elDano]

Ofcourse, as you can see the prove that bitcoin value got increased.
But for me, I will keep hold it until next halving 2019 since bitcoin getting greater than other well known investment such as gold

Same thing doing here. I'm holding until the next halving which is quite a while away indeed but I think in that time alot can happen already and set us up for a good price skyrocket.
Saving up each day to invest more into bitcoin and hoping it's worth it in the long run, but if i don't try ill regret it anyways.

[romero121]

I dont think it is very clever to hold your bitcoins for that long if you want to make money with it holding is not the best option because the price wont rise allot off course.

Holding bitcoin and making profit from it is not appreciable as mentioned by the above mate, because it gives very mere earning after long interval because none is sure when the price increase happens. For this reason its better to risk yourself into other earning methods and grab the best profit in a short time.

[lienfaye]

I dont think it is very clever to hold your bitcoins for such a long time becuase if you dont do anything with your coins the value wont change and doubling coins is easy with tradings.

I agree, i think its not necessary to hold your btc for such a long time, just monitor the price and if you see that its enough for you to earn then sell it. but we have different preference and ways how to earn more so its still depends on you.

[arseaboy]

I dont think it is very clever to hold your bitcoins for such a long time becuase if you dont do anything with your coins the value wont change and doubling coins is easy with tradings.

I agree, i think its not necessary to hold your btc for such a long time, just monitor the price and if you see that its enough for you to earn then sell it. but we have different preference and ways how to earn more so its still depends on you.

me too i rather use my btc with alt trading while waiting for the price to rise up as many potential alt that can be trade today we will be assured that we will able to gain more profits from the btc that we are holding. good luck.

[Johnyloco]

Holding your bitcoin for a period of time is well good enough for an investment.  But still it depends on the quantity of btc you are holding with.  If you want your btc to grow even much bigger than it has to be than upon holding it for a period of time.  Then you invest it with caution.    The more btc you can have in the future the bigger the profit it can give you.

[SeaGame]

I also have some amount invested in bitcoin and I am planning for a longer time wait with that, I hope I will earn a good amount with this investment. Ihave believe on long term investment in bitcoin.

[italianobitcoin]

Holding bitcoin a long time to make money really works you just have to make sure to sell it in the right time and you also need to have enough bitcoin to actually make money from it when prices increase cause if you just have 2 btc for example then with price increases you will not have much profit at all but with 10 bitcoin you will.

[Maesters1-]

I dont think it is very clever to hold your bitcoins for such a long time becuase if you dont do anything with your coins the value wont change and doubling coins is easy with tradings.

but i think bitcoin price has a good potential and even with simply holding you can get a good profit from it, because it is expected that the price of bitcoin will increase too much in future, therefor i think holding bitcoin is also a good option.

[0day]

I dont think it is very clever to hold your bitcoins for such a long time becuase if you dont do anything with your coins the value wont change and doubling coins is easy with tradings.

but if someone will put their extra money in bitcoin then it will not bad idea, and I think it will affect the value in positive as if people will store their bitcoins in their wallet then with the lower supply and high demand the price of bitcoin will rise up. We jsut need to store our extra money as bitcoin for longer time and have to use the remaining in bitcoin market for our purchases and transactions.

[PsursV]

I dont think it is very clever to hold your bitcoins for that long if you want to make money with it holding is not the best option because the price wont rise allot off course.

but i think long term investment is the best investment at all. there you have a very little chance of loosing your money, it is risk free and tension free, as compare to short term investment, where always a chance of loosing your money because of panic selling, but in long term investment you do not care for panic selling.

[FLoving]

Bitcoin holding is a good way to make money but a better way would be to get even more bitcoin because holding bitcoin doesnt generate bitcoin it just generates profit from the bitcoin which goes up so if you have multiple then its multiple profit.

You are right holding bitcoin will not generate bitcoins but will increase our money invested in these bitcoins, and the other point is that if a person do not have any larger capital for investment then they can invest the available minimum capital also as sometimes we see a bigger boost in bitcoin and with that even those people with lower amount of bitcoin also earn some good profit.

[JeanMcCoy]

Holding bitcoin will be the best idea since it is expected to go much higher in the following months.i would advice to  keep more  bitcoins as saving and invest the rest of bitcoins in trading. but remember trading is risky.

Holding bitcoin will indeed make lots of profit but maybe prices will go down now first and then back up and that's the little window in which you have to make most money.
It doesn't seem like bitcoin is going up so much right now it's going down more I think so might have to wait before buying again.

[Bitcoinbro]

It is a way to make money but IMO at the moment not a good way unless you have years to wait. Investing in bitocoin takes so much time. Before your wallet grows bitcoin has to grow bigger and this is out of your hands. But overall if you invest and hold it down 3+ years then you'll see profit for sure.

[Newcoins2020]

Bitcoin is a great investment but even the best investments can lose money if your timing is wrong, if you bought when bitcoin was 1000+ then even now you are still in problems if you timed your exit right you secured a good profit, so while bitcoin is in my opinion the investment of the century, you still need to use your common sense.

True you have to have timing. Alot of people just think it's buying bitcoin and being braindead after that but you actually have to do some kind of effort to maximize profits. Be sure to buy when they are low and starting to go up this is when most profit will be made.

[sabbirshm]

I think it's good way for Beginner's who dont know about trading or other earning method. And this is also not riskfree because none can assure that bitcoin price will only rise, it could be go down also.

[skyway1]

Bitcoin is a great investment but even the best investments can lose money if your timing is wrong, if you bought when bitcoin was 1000+ then even now you are still in problems if you timed your exit right you secured a good profit, so while bitcoin is in my opinion the investment of the century, you still need to use your common sense.

True you have to have timing. Alot of people just think it's buying bitcoin and being braindead after that but you actually have to do some kind of effort to maximize profits. Be sure to buy when they are low and starting to go up this is when most profit will be made.

yeah i agree with you and i also buy bitcoin with low price and then hold it for high price and then i get a big profit from bitcoin when price go to high after holding bitcoin so it good way and profitable to hold your bitcoin.

[YTBitcoin]

It is a way to make money but IMO at the moment not a good way unless you have years to wait. Investing in bitocoin takes so much time. Before your wallet grows bitcoin has to grow bigger and this is out of your hands. But overall if you invest and hold it down 3+ years then you'll see profit for sure.

But it is better than any other asset like gold because with bitcoin we earn a high profit within a small timing while in gold earning that amount we will have to wait for years, so bitcoin is much beneficial asset for to earn and if we hold for more longer then we will be rich with it.

[buxlover]

If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..

but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many