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

[richardsNY]

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

One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.

[1714110569]

1714110569

[Zadicar]

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

One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.

you have a point though, if you dont sell your  bitcoin you would not suffer  such loss because  you didnt exchange it to fiat. As long as you hold it   you wont suffer lose in any way and also we could  wait  as long as we want and  we have the  will  on when we would  sell our  bitcoin as we see that the price is  profitable enough to sell our coins.

[South Park]

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.

An important segment of those that buy gold do so in order to protect themselves from devaluation and stuff like that, they are no buying gold just to sell it after a few years, they are planning to hold gold for decades.

[Supercrypt]

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.

An important segment of those that buy gold do so in order to protect themselves from devaluation and stuff like that, they are no buying gold just to sell it after a few years, they are planning to hold gold for decades.

Yes, usually gold comes with some traditional habits. People do buy gold for the purpose of having it for generations not just for making profit with next bump. Gold is similar to investment into real estates. Real estate is one of the best investment opportunity but the only drawback with that is unable to encash immediately.

[BicolIsarog]

Holding bitcoin in a long time may good way to make money but uncertainty because no can predict bitcoin in the future, but the good thing holding in bitcoin is if the bitcoin price 1 - 450 USD and sell it if the price is high. 

[TheUltraElite]

Holding bitcoins is a good method but you must have patience to hold it long enough. The people who mined blocked during 2009, used to get 20BTC as reward - which is huge in today's exchange rate. They are the real profit makers. Hence I am also collecting bitcoin and keeping it stored so that when the price skyrockets again I will sell them.

[South Park]

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.

An important segment of those that buy gold do so in order to protect themselves from devaluation and stuff like that, they are no buying gold just to sell it after a few years, they are planning to hold gold for decades.

Yes, usually gold comes with some traditional habits. People do buy gold for the purpose of having it for generations not just for making profit with next bump. Gold is similar to investment into real estates. Real estate is one of the best investment opportunity but the only drawback with that is unable to encash immediately.

Yeah, those that buy gold, real physical gold and not those crappy gold certificates (ETF), will try to hold their gold for as long as possible may be even their entire lives, currently I own some silver, not much of course, but If I’m able to save more money and invest I will also put some money in bitcoin since I think it will be an even better investment

[serjent05]

Holding bitcoins is a good method but you must have patience to hold it long enough. The people who mined blocked during 2009, used to get 20BTC as reward - which is huge in today's exchange rate. They are the real profit makers. Hence I am also collecting bitcoin and keeping it stored so that when the price skyrockets again I will sell them.

I agree you need to have lots of patience for you to take profit with bitcoin, holding bitcoin in j ust a few months will not give you the desired profit you are thinking. but I think itis 50 BTC per block during those 2009, then the first halving making btc to 25 bTC per block and now the recent halving.  But  I think investing it to oher ventures will give you more erning opportunity.

[Ewinsane]

Yeah its really good way to hold your bitcoin for long time to make a good money and i also hold my bitcoin in huge amount for long term because i am sure that bitcoin will be double its price in the near future and we can be get a big profit from bitcoin easily.

[HarryKPeters]

Holding bitcoins is a good method but you must have patience to hold it long enough. The people who mined blocked during 2009, used to get 20BTC as reward - which is huge in today's exchange rate. They are the real profit makers. Hence I am also collecting bitcoin and keeping it stored so that when the price skyrockets again I will sell them.

I agree you need to have lots of patience for you to take profit with bitcoin, holding bitcoin in j ust a few months will not give you the desired profit you are thinking. but I think itis 50 BTC per block during those 2009, then the first halving making btc to 25 bTC per block and now the recent halving.  But  I think investing it to oher ventures will give you more erning opportunity.

Patience is important although believing in the concept is mandatory too. Without belief you are likely to panic sell your coins when a crash occurs.
And believe me in the world of bitcoins, crashes are something you have to be able to deal with too.

[Hellacopter]

I believe that holding Bitcoins a long time is indeed a good way to make money, because the price is increasing smoothly and will increase a lot more in the future , most likely

[nejibens]

Always there is some risk involved, because we cant predict exactly if the price will increase or decrease in the future. But anyway holding nowadays could be profitable because the price is already increasing

[KingdomHearts]

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.

you are right and it is good idea that buy bitcoin with low price and then hold it for high price and i also earn bitcoin in huge amount through bitcoin trading and i think bitcoin trading is very safest and much more profitable.

[RobinHoodster]

Holding bitcoin is a good viable way to make money cause bitcoin price will go up as more people invest which will happen for sure.
And when it happens it basicly means the bitcoin you had in your wallet is worth more than before.

[target]

Holding bitcoin is a good viable way to make money cause bitcoin price will go up as more people invest which will happen for sure.
And when it happens it basicly means the bitcoin you had in your wallet is worth more than before.

its not the recommended way to double your bitcoin is a short period of time but sure can be a way to profit even jsut few bucks. if one bitcoin can grow about 50% of its value every year then i guess its still a good investment.

[wxa7115]

Holding bitcoin is a good viable way to make money cause bitcoin price will go up as more people invest which will happen for sure.
And when it happens it basicly means the bitcoin you had in your wallet is worth more than before.

Bitcoin is a great investment but we must not forget that any investment can lose money too, especially something like bitcoin that is not liked by governments and banks, for example what will happen if a worldwide ban on bitcoin was established? Although that will be very unlikely if something like that happen, the price of bitcoin will suffer.

[maydna]

i am holding bitcoin for a long time because i know that the rate will be increase soon, but i don't know how exactly. just collect bitcoin as much as i can, and selling in 30% of bitcoin i have, if there is a good timing to buy when its low rate, i will buy, and sell in or just holding again, so i can get more bitcoin in my wallet.

[sulendra12]

i am holding bitcoin for a long time because i know that the rate will be increase soon, but i don't know how exactly. just collect bitcoin as much as i can, and selling in 30% of bitcoin i have, if there is a good timing to buy when its low rate, i will buy, and sell in or just holding again, so i can get more bitcoin in my wallet.

We don't know when the highest price of bitcoin would be reached in the future . At least if you're really want to sell it and you still get profit from your selling , why not ? as long as you don't regret it after you sell your bitcoin and the price is still going up.

[shinratensei_]

i am holding bitcoin for a long time because i know that the rate will be increase soon, but i don't know how exactly. just collect bitcoin as much as i can, and selling in 30% of bitcoin i have, if there is a good timing to buy when its low rate, i will buy, and sell in or just holding again, so i can get more bitcoin in my wallet.

We don't know when the highest price of bitcoin would be reached in the future . At least if you're really want to sell it and you still get profit from your selling , why not ? as long as you don't regret it after you sell your bitcoin and the price is still going up.

Please, you need for putting the other possibilities if the price is can getting a decrease, that's not matching just mentioned about the increases price of bitcoin but that is so not clear reason.

[mirakal]

i am holding bitcoin for a long time because i know that the rate will be increase soon, but i don't know how exactly. just collect bitcoin as much as i can, and selling in 30% of bitcoin i have, if there is a good timing to buy when its low rate, i will buy, and sell in or just holding again, so i can get more bitcoin in my wallet.

We don't know when the highest price of bitcoin would be reached in the future . At least if you're really want to sell it and you still get profit from your selling , why not ? as long as you don't regret it after you sell your bitcoin and the price is still going up.

Please, you need for putting the other possibilities if the price is can getting a decrease, that's not matching just mentioned about the increases price of bitcoin but that is so not clear reason.

We are believers of bitcoin and in our mind the price will increase, and even if we see the price may fall back hard sometimes we are still very positive that it can recover anytime so holding for a long time is always a good method to manage our investment and earn money.