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

[ekoice]

Instead of holding Bitcoins, you can start trading by investing in Altcoins. Since there is large fluctuation in price, i think it is not a good decision for holding Bitcoins for a long time.Even though trading is risky, its better to trade in Bitcoins/Altcoins.

[CasioK]

Holding is the safest way to make profits in long run, holding can be only risky if price drops in the future but looking at the development of bitcoins I don't think that price will fall so if you don't want to take any risk with your bitcoins by investing them anywhere, its better to hold them and sell when price goes higher.

While it is awesome to hold bitcoins for some years and then sell them with a boom price !
But at the same time, you should consider lending business, if you visit the lending section then you will see that people give 100-125% collateral and take loan so no risk plus free profits. This way you hold bitcoins in a innovative way of making it grow over time.

[PacePay]

Based on what is happening right now with Bitcoin, I think that holding on to this digital currency can be a good strategy but of course we could not exactly predict what can happen in the future. Remember that Bitcoin made into the $1200 level in the past but it crashed...will it happen again is a question that can be hard to answer.

If I think about that then I will not call that a crash as at that time not much people were in the use of bitcoin and as everyone came to know that with halving the price of bitcoin will increase so everyone started to buy and when the price increased everyone started to sell and the price once again came back but now people are using bitcoin and they do not sell all of their coins so the price will not come back to lower value.

[Ewinsane]

Instead of holding Bitcoins, you can start trading by investing in Altcoins. Since there is large fluctuation in price, i think it is not a good decision for holding Bitcoins for a long time.Even though trading is risky, its better to trade in Bitcoins/Altcoins.

i think this time is good for holding your bitcoin and i think holding bitcoin is better than altcoin trading for now because bitcoin get a big pump in few weeks and i am sure that bitcoin get more pump in coming few weeks so hold your bitcoin.

[uneng]

Instead of holding Bitcoins, you can start trading by investing in Altcoins. Since there is large fluctuation in price, i think it is not a good decision for holding Bitcoins for a long time.Even though trading is risky, its better to trade in Bitcoins/Altcoins.

i think this time is good for holding your bitcoin and i think holding bitcoin is better than altcoin trading for now because bitcoin get a big pump in few weeks and i am sure that bitcoin get more pump in coming few weeks so hold your bitcoin.

Bitcoin is better because its safe to hold. Only few alt-coins have the trusted of Bitcoin. But trade with alt-coins is more risk, because we don't know if they will increase the price in the future, if they will die like many shit-coins and btc we know will always increase its price, the main crypto-currency coin.

[el kaka22]

I definelety agree this and my long-term goal is only storage bitcoin for future. I never buy any bitcoin with real money but i am thinking about buy it when i fix my money issues. I believe that bitcoin is like gold it will never cause you to lose money in long-term.

That's a good decision, only buy when you feel you can afford to invest with bitcoin. Although we should not let this opportunity to pass but it is not wise to spend the amount of money that we cannot afford to lose as the chances to make profit is only big but it does not guarantee we will make a profit.

But, many people are risking their life for investing almost everything in bitcoins. They justify their action by stating about their faith on bitcoin price levels by showing its past performances. Holding bitcoin must be a right way to make fortunes, but risking entire life is not a way as per many bitcoin veterans suggestions.

Yeah obviously risking too much is always risky and that too when you know the holding requires a lot of patience, when you will have money you desperately need then you will get tempted and sell them at a lower price, holding should be done like buy bitcoins out in a offline wallet and then forget about it for some years.

[rizkyhiw]

Instead of holding Bitcoins, you can start trading by investing in Altcoins. Since there is large fluctuation in price, i think it is not a good decision for holding Bitcoins for a long time.Even though trading is risky, its better to trade in Bitcoins/Altcoins.

i think this time is good for holding your bitcoin and i think holding bitcoin is better than altcoin trading for now because bitcoin get a big pump in few weeks and i am sure that bitcoin get more pump in coming few weeks so hold your bitcoin.

Bitcoin is better because its safe to hold. Only few alt-coins have the trusted of Bitcoin. But trade with alt-coins is more risk, because we don't know if they will increase the price in the future, if they will die like many shit-coins and btc we know will always increase its price, the main crypto-currency coin.

if you don't want to get scammed by shitcoin
then simply use marketcap as reference which one legit and strongest coin
holding bitcoin only not enough if you stored a little money
grow your bitcoin in many way like to trade or invest on altcoins.

[kidoseagle0312]

Yes indeed! holding a bitcoin is really such a good way to make money. In fact, majority of the member in this forum sites almost did that things for a couple of years I think. Like what happen  at the present time now the price value of bitcoin is can be considered as stable price by now, so the member who hold their coin before are now totally gained and harvesting their outcome of waiting.

[mirakal]

Yes indeed! holding a bitcoin is really such a good way to make money. In fact, majority of the member in this forum sites almost did that things for a couple of years I think. Like what happen  at the present time now the price value of bitcoin is can be considered as stable price by now, so the member who hold their coin before are now totally gained and harvesting their outcome of waiting.

There's still a risk dude, but if you are willing to hold it then you are good to go. No one can ensure that holding in the long run could be profitable but if we love and trust bitcoin we will risk our money and just wait for the right time to cash out.

[romero121]

I think it's good way for Beginner's who dont know about trading or other earning method.

For users who were not in desperate need of money can hold for a long time. Other than this users who have a good day job and consider bitcoin earning through different methods as an additional income can consider holding long which gives a good profit on long run.

[grandy]

If you are holding a small amount then it won't be a profitable decision, making profits from holding is a good option only if you are holding a huge amount of coins and if not then its better to keep them use in trading where you can grow your bitcoins and at the same time you will be making some profits too.

Yes holding or lets say investing in bitcoins for price rise needs a huge capital. If you hold 0.01 or 0.1 btc then the profit might not be so huge that you expect with holding.

You can also do price trading with holding bitcoins, like you hold them till the price doubles (the price at which you bought them) and then sell it, buy again at half and sell again at double. Needs patience and capital at its best.

yes i am also agree with the statement that holding bitcoin is too good, but it depend on the amount of bitcoin you going to hold, if you are holding a good amount of bitcoin then it is really good to hold bitcoin for a long time.

[BitHodler]

If you are holding a small amount then it won't be a profitable decision, making profits from holding is a good option only if you are holding a huge amount of coins and if not then its better to keep them use in trading where you can grow your bitcoins and at the same time you will be making some profits too.

Yes holding or lets say investing in bitcoins for price rise needs a huge capital. If you hold 0.01 or 0.1 btc then the profit might not be so huge that you expect with holding.

You can also do price trading with holding bitcoins, like you hold them till the price doubles (the price at which you bought them) and then sell it, buy again at half and sell again at double. Needs patience and capital at its best.

yes i am also agree with the statement that holding bitcoin is too good, but it depend on the amount of bitcoin you going to hold, if you are holding a good amount of bitcoin then it is really good to hold bitcoin for a long time.

The number of coins that you have for long term hodling purposes doesn't really matter.

The only thing that matters is that you invest the amount that you can afford, and surely know from that you will not need it in the coming years.

If you take that into consideration, then you'll be a much stronger hodler as the urge of panic selling will then not be a problem for you.

Problems show up when people are investing, or better said, gambling with money that they can't afford to invest.

[iram3130]

Its not about how much u can hold and how much it will increase..
I definitely feel it will increase every year.. Well hope so.
But if you know how to make more from that then I dont think you will be keep holding it. 

[Zadicar]

Holding for  too  long  would  really be good  especially if you  do  hold   tons of bitcoins  on your cold storage  because   if you do  only  hold 1 bitcoin  and you  intend to   hold it for long term  profits  are  not worth  of   the waiting  time  you made and you wont feel too much  unlike to  those  huge amounts of bitcoins. 
If you saw an  oppotunity  to grow even more on your bitcoin then proceed as  long you  know what you are doing.

[Frank Alister]

If you hold your btc for along time you may lose all of them.If you see that the price is going up sell, if it is going down buy. So no it's not a good way to make money. One moment can change the world.

[Monnt]

It's not that profitable if you just hold your bitcoin. Just holding it for a long time won't give you big profit. It's better to invest them to earn more so while you earn your bitcoin grows and as time passes your bitcoin's value also grows.

but to me only holding bitcoin and not investing it any where can also give you a good profit, as you can see that the price of bitcoin is increasing on regular bases there if you have bought some bitcoin in a low price can give you a good profit after some time. but you need to hod them and not to invest them any where else.

Yes it should be like buy some bitcoins and then forget about it. if you keep thinking that I have some bitcoins then you will surely get tempted to something advertised in altcoins section or gambling section. Maybe lock your bitcoins completely and unable to use them till 1 year.

[serjent05]

It's not that profitable if you just hold your bitcoin. Just holding it for a long time won't give you big profit. It's better to invest them to earn more so while you earn your bitcoin grows and as time passes your bitcoin's value also grows.

but to me only holding bitcoin and not investing it any where can also give you a good profit, as you can see that the price of bitcoin is increasing on regular bases there if you have bought some bitcoin in a low price can give you a good profit after some time. but you need to hod them and not to invest them any where else.

Yes it should be like buy some bitcoins and then forget about it. if you keep thinking that I have some bitcoins then you will surely get tempted to something advertised in altcoins section or gambling section. Maybe lock your bitcoins completely and unable to use them till 1 year.

Well investing in altcoin is not bad at all.  It opens an opportunity for you to multiply your bitcoin but on the other side may reduce your bitcoins too if  you failed to notice potential coins to shitcoins.  But well if you are not comfortable with altcoins then I agree it is better to forget about your bitcoin for 1 year and see how much profit  your holdings will give you after 1 year.

[elyas772]

it's a good way to growing our money, holding bitcoin is part of my life
but trade it with profit is better than holding bitcoin.

[thebatletbet]

it's a good way to growing our money, holding bitcoin is part of my life
but trade it with profit is better than holding bitcoin.

holding bitcoin a long time is good to take profit
but not maximal potential profit, is good trading is in day trading and compounding system

[zombie007]

it's a good way to growing our money, holding bitcoin is part of my life
but trade it with profit is better than holding bitcoin.

holding bitcoin a long time is good to take profit
but not maximal potential profit, is good trading is in day trading and compounding system

long term investment is more profitable that short time investment, but you need to invest a good amount for long term investment, as you have to wait for a long time and to give some good time for trading therefore you need to put some good amount for long term investment so as to get some good profit.