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

[michkima]

For a long term, Bitcoin might be profitable. But don't go all-in with one asset. Crypto is and will be risky, now and in the future. Holding too much of it will expose you to a lot of risks. So you have to handle your assets carefully.
 
Try to diversify your investment buy holding other assets (FOREX or stocks).

[Qartersa]

For a long term, Bitcoin might be profitable. But don't go all-in with one asset. Crypto is and will be risky, now and in the future. Holding too much of it will expose you to a lot of risks. So you have to handle your assets carefully.
 
Try to diversify your investment buy holding other assets (FOREX or stocks).

This is a good tip. A better term for this is "not putting all your eggs in one basket." This would scatter and distribute the risk evenly and when something drops not all your eggs will break.

But, investments concepts and rules aside. If you had the chance of investing everything in Bitcoin when its lowest, then go for it. The important thing is profiting when you can.

[michkima]

For me yes. So far I had a sound investment in it. I bought it at $350, and now it's at $700 level. I bought my coins in December last year. So my money doubled in a year. Which I think is already a great investment.

[akashborikar]

Yes I think holding up the BTCitcoin for a while is good, holding too long is not good in my eyes but you can choose for a long term.
I honestly think that a long term can be very profitable if you are doing this on the right time and sell on a right time. 

[Ru_Ezaz]

Yes I think its good invest for a long time but that it also can have a lot of risks because of the fact.
I think with the bitcoin itself you can make a lot of money due to the fact that it has a great future.

[vindicare]

You have to put a time limit whether you will hold or sell it cause sometimes holding too long will hurt your profit for instances you bought BTC at a price of $700 each and then the price after a long month would be stable at $705 and you just holding 3 BTC  you still profit for $15 but the time frame is too long so much better if you hold it for a week and maximum of 1 month.

[kryptqnick]

Well, in general, if you have around 1 btc and make small purchases around 40$, you are very likely to get them back because of price changes. As for holding btc for a long time... It is risky, because one day it can just crash and all your money won't really be money anymore. And we shouldn't forget that along with the price growing goes the inflation of $, so the profit might be not very big.

[richardsNY]

As for holding btc for a long time... It is risky, because one day it can just crash and all your money won't really be money anymore. And we shouldn't forget that along with the price growing goes the inflation of $, so the profit might be not very big.

I personally find long term holding to not be risky at all. It's important to realize that when you're holding 1 BTC for example, and the price goes down like $50, that you haven't lost anything. 1 BTC is still 1 BTC. You'll only end up losing when you sell at a price lower than where you bought your coin at. Inflation of the dollar on a yearly basis is minimal compared to the increase that we have been experiencing in the last 2 years. That's not an issue at all.

[stadus]

As for holding btc for a long time... It is risky, because one day it can just crash and all your money won't really be money anymore. And we shouldn't forget that along with the price growing goes the inflation of $, so the profit might be not very big.

I personally find long term holding to not be risky at all. It's important to realize that when you're holding 1 BTC for example, and the price goes down like $50, that you haven't lost anything. 1 BTC is still 1 BTC. You'll only end up losing when you sell at a price lower than where you bought your coin at. Inflation of the dollar on a yearly basis is minimal compared to the increase that we have been experiencing in the last 2 years. That's not an issue at all.

No, I disagree with you, holding bitcoin may it be long term or short term are both risky. The only thing that differs are the level of risk and the amount you put as your investment, never think that bitcoin is safe because it's an investment and once it is intended to make money you have to risk since the outcome is not guaranteed profit.

[richardsNY]

As for holding btc for a long time... It is risky, because one day it can just crash and all your money won't really be money anymore. And we shouldn't forget that along with the price growing goes the inflation of $, so the profit might be not very big.

I personally find long term holding to not be risky at all. It's important to realize that when you're holding 1 BTC for example, and the price goes down like $50, that you haven't lost anything. 1 BTC is still 1 BTC. You'll only end up losing when you sell at a price lower than where you bought your coin at. Inflation of the dollar on a yearly basis is minimal compared to the increase that we have been experiencing in the last 2 years. That's not an issue at all.

No, I disagree with you, holding bitcoin may it be long term or short term are both risky. The only thing that differs are the level of risk and the amount you put as your investment, never think that bitcoin is safe because it's an investment and once it is intended to make money you have to risk since the outcome is not guaranteed profit.

I should have made a bit more clear what I actually meant to say. I was referring to the fact that holding Bitcoin is an investment with the least possible risk factor. This doesn't mean I am talking about guaranteed returns. There is no such a thing as guaranteed returns. Everything has a certain amount of risk involved.

[Fatanut]

Well, in general, if you have around 1 btc and make small purchases around 40$, you are very likely to get them back because of price changes. As for holding btc for a long time... It is risky, because one day it can just crash and all your money won't really be money anymore. And we shouldn't forget that along with the price growing goes the inflation of $, so the profit might be not very big.

One day it might start to crash but it'll not have zero value in a very quick period of time. People have invested millions of dollars in bitcoin and that's enough proof that the majority of people would prevent getting bitcoin get dumped more and more. But let's just say that for some reason, people start dumping their bitcoins. It'll not be zero balance quickly, it'll take days/weeks of dumping. You will have enough time to sell your coins at a somehow reasonable price.

[michkima]

Yes, I think the price of Bitcoin will increase some more in the next few months. The demand for it has not gone down and has increased exponentially but the supply is going down due to halving.

[akashborikar]

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

[stark101]

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

[rizkyhiw]

Yes, I think the price of Bitcoin will increase some more in the next few months. The demand for it has not gone down and has increased exponentially but the supply is going down due to halving.

the fact that bitcoin getting rare and rare day by day should convinced enough
people actually aware already about this
they just too afraid to make decision to invest in bitcoin
what else make people shouldn't invest in long term? this is pretty clear , rare thing make more precious.

[tabas]

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

In every type of investments all of them are risky. And even though holding is just a simple type of investment but this is not an easy way to get good money. Because this can be a one time profit depending on how long you are going to hold bitcoin. But this type of investment has been proved to be one of the best investment.

[JeffBrad12]

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

The clear thing about hold bitcoin in this day, if you have seen about any calculate if the halving of bitcoin will happen every 4 years. this can become a good point for us for hold the bitcoin long term. You don't need to feel worried but you must use your brain for searching and analyze more about bitcoin if you will be going to hold them.

[goldcoinminer]

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

The clear thing about hold bitcoin in this day, if you have seen about any calculate if the halving of bitcoin will happen every 4 years. this can become a good point for us for hold the bitcoin long term. You don't need to feel worried but you must use your brain for searching and analyze more about bitcoin if you will be going to hold them.

Holding bitcoins is the most effective way to treat your investment, since bitcoin is very progressive and people are coming in to adopt with the system it will continue to grow in the future. We just have to ensure that our faith with bitcoin is strong enough so we will not panic when something bad happens.

[FlightyPouch]

It really matters. Bitcoins' price are getting higher and higher and many people who want to earn somenwantnto buy early so they can sell it in a good price. But it takes time though. But its worth it. Many people want to earn bitcoin so they can earn money and I'm one of them.I'm a student and I'm aiming to earn some to help me in my studies, financially. Holding Bitcoin maybe for a year will make a fortune

[lionheart78]

Actually it is very risky to hold bitcoin for a long time. Why? Because we don't know when the price would goes up or when the price will go down. If you hold your bitcoin and the price of it will fall at bottom well that's very bad, because maybe you will lose it in the future. So better to used it as investments to have more profits and you don't also become worry when the time that bitcoin would fall.

The clear thing about hold bitcoin in this day, if you have seen about any calculate if the halving of bitcoin will happen every 4 years. this can become a good point for us for hold the bitcoin long term. You don't need to feel worried but you must use your brain for searching and analyze more about bitcoin if you will be going to hold them.

Holding bitcoins is the most effective way to treat your investment, since bitcoin is very progressive and people are coming in to adopt with the system it will continue to grow in the future. We just have to ensure that our faith with bitcoin is strong enough so we will not panic when something bad happens.

If you prefer less risk yes, holding is one of the most effective way to increase bitcoin while minimizing the risk involved.  But overall investment is still the best way to make money.  You may invest in bitcoin and invest your bitcoin in trading either altcoin or different currencies though it is open to all the risk but you can mitigate it by researching and observing the market closely, if something wen't wrong at least you can cash out with minimal losses.