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

[Supercrypt]

Yes its a good method to make some good money, the only downside is that you need a lot of patient to succeed into this and I do not have this at all so for me its not something that I prefer right now.

For sure it's not a downside, that is require and part of the strategy you will have to make in order to make a good amount of money. Holding a long time for your investment will give you more chance to grow your investment and that will make you feel comfortable when you see bitcoin is progressive.

Usually, a long term holder will not need to bother about fluctuations. In my country people do buy gold and save it for their entire life, they never worry about any sort them downfall. They are having complete faith with gold so they never worry about any fluctuations too.

Similarly, if we trust in to bitcoin ecosystem we can be completely worry free. Just keep on adding more bitcoin in to our hoarding would be the only thing we need to do in our rest of life.

[Techie5879]

Yes, I think so, as the price is pretty much guaranteed to increase gradually. So, buying a safe amount and holding it, maybe till the next halving, if possible, is the best way, according to me, to get a good profit from bitcoins. This is just my opinion, you can do a bit of research on the forum itself to find out more.

[goldcoinminer]

Yes, I think so, as the price is pretty much guaranteed to increase gradually. So, buying a safe amount and holding it, maybe till the next halving, if possible, is the best way, according to me, to get a good profit from bitcoins. This is just my opinion, you can do a bit of research on the forum itself to find out more.

Targeting for the next halving is a good goal, we have observed that when halving is near the price increases so we need to be optimistic of the future. Buy bitcoins now and that would be easy if you can invest what you can afford to lose. Trust bitcoin if you invest because others are doing it.

[vurasasog]

Yes, I think so, as the price is pretty much guaranteed to increase gradually. So, buying a safe amount and holding it, maybe till the next halving, if possible, is the best way, according to me, to get a good profit from bitcoins. This is just my opinion, you can do a bit of research on the forum itself to find out more.

Targeting for the next halving is a good goal, we have observed that when halving is near the price increases so we need to be optimistic of the future. Buy bitcoins now and that would be easy if you can invest what you can afford to lose. Trust bitcoin if you invest because others are doing it.

The bitcoin is the best to invest in the last few years. If you bought the bitcoin 7 years ago, you are rich.

[richardsNY]

Yes, I think so, as the price is pretty much guaranteed to increase gradually.

That's the biggest nonsense I have heard so far. There are no guarantees to any kind of market. If you really think the market will go up guaranteed, then why don't you go all in at current price?

So, buying a safe amount and holding it, maybe till the next halving, if possible, is the best way

Being long term minded with your investments is a good thing, but you shouldn't take a price increase for granted. We don't know if we by that time are still sitting at current levels, or maybe higher. It's also a realistic possibility that we'll end up in a bear market for years. Never calculate yourself rich.

[sabbirshm]

Holding bitcoin is a bit of risk but I think bitcoin won't disappoint you.If you can hold 5-10btc today,you will surely get huge profit in the next year.Because bitcoin price is increasing day by day.And I think bitcoin will hit 1200-1500$ in the next year.So,holding bitcoin by this time will give you a good amount of profit.

[bncbnc]

Holding bitcoin is a bit of risk but I think bitcoin won't disappoint you.If you can hold 5-10btc today,you will surely get huge profit in the next year.Because bitcoin price is increasing day by day.And I think bitcoin will hit 1200-1500$ in the next year.So,holding bitcoin by this time will give you a good amount of profit.

as it is expecting that the price of bitcoin can go high  in next few months and it is also expecting that it can even cross the all time high price this time therefore to me there is no risk to invest in bitcoin. it will really not disappoint you.

[Dudeperfect]

Holding bitcoin is a bit of risk but I think bitcoin won't disappoint you.If you can hold 5-10btc today,you will surely get huge profit in the next year.Because bitcoin price is increasing day by day.And I think bitcoin will hit 1200-1500$ in the next year.So,holding bitcoin by this time will give you a good amount of profit.

I have a similar opinion but with a little bit different approach. I would recommend holding bitcoins and on the other hand spending it. If one is willing to hold 1 bitcoin then he should acquire 1 bitcoin and then spend some part of it for his needs and then again buy the equal amount of expenditure with fiat.
At the end of the story, he will have his whole bitcoin, he will contribute to the bitcoin movement (and indirectly growth of the network) and he is also using bitcoins for his needs and still he will have his whole bitcoin in his hands.

[Ultrasound]

Holding bitcoin is a bit of risk but I think bitcoin won't disappoint you.If you can hold 5-10btc today,you will surely get huge profit in the next year.Because bitcoin price is increasing day by day.And I think bitcoin will hit 1200-1500$ in the next year.So,holding bitcoin by this time will give you a good amount of profit.

I have a similar opinion but with a little bit different approach. I would recommend holding bitcoins and on the other hand spending it. If one is willing to hold 1 bitcoin then he should acquire 1 bitcoin and then spend some part of it for his needs and then again buy the equal amount of expenditure with fiat.
At the end of the story, he will have his whole bitcoin, he will contribute to the bitcoin movement (and indirectly growth of the network) and he is also using bitcoins for his needs and still he will have his whole bitcoin in his hands.

Spending the bitcoin will make the bitcoin to be useful as a good currency. So the value will rise in the mean time.

[jeraldskie11]

Yes, because the value of bitcoin in past days has increased. The reason why the value of bitcoin has increasing because almost people in the world knows about bitcoin and thet buy bitcoin. If the buyers of bitcoin is increasing the value of bitcoin also is increasing.
So it's ok to hold bitcoin for a long time if you have an extra money for your everyday needs, if not, then payout how much you need but it's your decision whether you do it or not.

[20kevin20]

You will absolutely never know. For now, I'd say yes because the chances of it going up to an insane amount is pretty much possible. Yes, it is. As it happened between 2011 and 2013's winter, it could happen between 2015 and the next year as this year took place the halving of Bitcoin. It would go up up to 100x times.

[ged00u]

Of course. Evidently, Bitcoin price is always unpredictable, but we can easily recognize that although the price is fluctuating, Bitcoin charts have shown that through many years, Bitcoin price always goes up. So if you decide to hold your bitcoin in a long period of time, you can earn some profit with it

[Dudeperfect]

Holding bitcoin is a bit of risk but I think bitcoin won't disappoint you.If you can hold 5-10btc today,you will surely get huge profit in the next year.Because bitcoin price is increasing day by day.And I think bitcoin will hit 1200-1500$ in the next year.So,holding bitcoin by this time will give you a good amount of profit.

I have a similar opinion but with a little bit different approach. I would recommend holding bitcoins and on the other hand spending it. If one is willing to hold 1 bitcoin then he should acquire 1 bitcoin and then spend some part of it for his needs and then again buy the equal amount of expenditure with fiat.
At the end of the story, he will have his whole bitcoin, he will contribute to the bitcoin movement (and indirectly growth of the network) and he is also using bitcoins for his needs and still he will have his whole bitcoin in his hands.

Spending the bitcoin will make the bitcoin to be useful as a good currency. So the value will rise in the mean time.

Exactly. It works in the same way like the burning of coin works but still there is a fundamental difference between these two methods. Anyone can’t really reuse burnt coins but when we usually spend a bitcoin, we can’t use it but the receiver can so in both ways it helps to the actual price and value of rest of the coins in one or another way. One works in negative sense while other in positive sense.

[to1ga]

Of course. Evidently, Bitcoin price is always unpredictable, but we can easily recognize that although the price is fluctuating, Bitcoin charts have shown that through many years, Bitcoin price always goes up. So if you decide to hold your bitcoin in a long period of time, you can earn some profit with it

Price will definitely rise in long term so I don't see any risk in holding them for a long period of time, and its good to keep them safe in wallet instead of investing it anywhere and welcoming the risk of loosing them as investing them anywhere is a big risk at a moment and certainly it will decrease the level of our coins.

[clickerz]

Of course. Evidently, Bitcoin price is always unpredictable, but we can easily recognize that although the price is fluctuating, Bitcoin charts have shown that through many years, Bitcoin price always goes up. So if you decide to hold your bitcoin in a long period of time, you can earn some profit with it

Yes indeed, and long time is synonymous to long term investment. I agree that in th long run, bitcoin really appreciates in value. As what we are always saying, as long as many people believe and trust in bitcoin it will not lose its value. The most important factor is the communiy support.

[(altair)]

Holding bitcoin for a long time is both good and bad. It is good if you have plan or target price to sell it. It is bad if you just hold it without having a future plan for it. You don't have a target price to sell it. You just want to sell it at a very high price but no on one can say how high it will be.

[mirakal]

Holding bitcoin for a long time is both good and bad. It is good if you have plan or target price to sell it. It is bad if you just hold it without having a future plan for it. You don't have a target price to sell it. You just want to sell it at a very high price but no on one can say how high it will be.

A target plan is always necessary for all of us, once we are holding we should have a definite target for us to be able to do the right timing. We should always be careful with our greediness as when we see there's a big price increase we think that we will earn more but not really, what if the price crashes hard?

[TheUltraElite]

Holding bitcoin for a long time is both good and bad. It is good if you have plan or target price to sell it. It is bad if you just hold it without having a future plan for it. You don't have a target price to sell it. You just want to sell it at a very high price but no on one can say how high it will be.

A target plan is always necessary for all of us, once we are holding we should have a definite target for us to be able to do the right timing. We should always be careful with our greediness as when we see there's a big price increase we think that we will earn more but not really, what if the price crashes hard?

I think a target price is important but investors should not be very firm about it. If they see prices increase then start to sell it but dont sell it all. Make sure to hold it, you never know which is the highest point of increase. If you sell out small fractions as prices cross your target price you can keep gaining profits. Even then make sure to have some spare capital left so you are not empty handed after the day.

[BitHodler]

I think a target price is important but investors should not be very firm about it. If they see prices increase then start to sell it but dont sell it all. Make sure to hold it, you never know which is the highest point of increase. If you sell out small fractions as prices cross your target price you can keep gaining profits.

Well said. I do exactly that, but also when it comes to the price going down.

Example; At the time the price was going up before the block halving, I kept securing 5% profits per trade nearly till the top was reached. I think it was $750 to be precise where the top was $778.

I also did the same with buying back. I kept buying back as many coins as possible at the time the price was heavily tanking to the bottom.

That's why trading alongside a long term investment is the best option. You benefit from the short term with your trading, and you benefit from your long term hodling without touching these coins.

The profits that I make go directly to my cold wallets where the coins are that I am hodling as long term investment. This way the number of coins are constantly increasing.

[izlevinv]

Holding bitcoin for a long time is both good and bad. It is good if you have plan or target price to sell it. It is bad if you just hold it without having a future plan for it. You don't have a target price to sell it. You just want to sell it at a very high price but no on one can say how high it will be.

A target plan is always necessary for all of us, once we are holding we should have a definite target for us to be able to do the right timing. We should always be careful with our greediness as when we see there's a big price increase we think that we will earn more but not really, what if the price crashes hard?

I think a target price is important but investors should not be very firm about it. If they see prices increase then start to sell it but dont sell it all. Make sure to hold it, you never know which is the highest point of increase. If you sell out small fractions as prices cross your target price you can keep gaining profits. Even then make sure to have some spare capital left so you are not empty handed after the day.

That is a perfect strategy to follow sell some if you are making profits and hold rest of them for the future as you never know how high the price of bitcoin can be in future and at a moment holding seems to be an best an  safest option as everyone is speculating that price will probably go higher at the time of Christmas.