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

[virtualkeybuyer]

I think  holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

A month ago for my investment in a place I was about to withdraw my bitcoins but due to some reason I delayed it and remained them in bitcoin and in that time I found a very good increase in the price of bitcoin and I have earned a good profit from there so if a person will stay for more time having bitcoins then he will make more money. and you are also right if someone will have bitcoins from the time of its appearance then he will be now a millionaire with a smaller amount of his money.

[skyway1]

The bitcoin is a good investment and with long terms you can achieve making a lot of money but this is really depending on yourself and if you have the patient for it too.

yeah you are right that bitcoin is really good and safest investment and we can get big profit from bitcoin if we hold our bitcoin for log term and never use it for anything and i also a trader and i buy bitcoin in huge amount wit low price and then hold it for high price .

[BitFinnese]

With the incline in price of bitcoin, definitely holding bitcoin for a long time is one way to make a good amount of money.  We have seen the proof, after the bubble burst and decline in price until sub 200, those who bought in this price and holding it until now obviously having more than 300% profit.

[MMA]

I think  holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

to me i think it depending on the interest of the people, as some people are always interested in long term investment, while other people do not good in long term investment as  by nature they cannot wait for such a long time and they always give preference to short time investment.

[Mbokani]

I think  holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

to me i think it depending on the interest of the people, as some people are always interested in long term investment, while other people do not good in long term investment as  by nature they cannot wait for such a long time and they always give preference to short time investment.

basically this depends upon at what price you acquired your coins.If you are a miner you should cover all the expenses and must have a good return for the time you spend and it is wise to book your profits as you go rather than keeping  for a very long time.

[sabbirshm]

I think  holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

Holding bitcoin is obviously good idea to earn money.You just need to wait for the correct time to buy and sell.for example I bought 3btc when bitcoin price was under 400$ and now it's 770$+.So you just need to be patient and wait for the correct time.

[StarofBTC]

I think  holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

This is true but I think apart from or say along with holding you can smartly invest your bitcoins and grow them while you are holding them, just do not sell them for fiat too soon.
Now if you wonder which site you should invest at, then I would suggest investing in gambling sites bankroll.

[serjent05]

I think  holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

I agree it is a good way to preserve your bitcoin and at the same time earn some profit but i would say , it is a good way but for me investing it to another investment is a better way to make money.  The reason is that investing bitcoin to other profit generating legit venture can grow your bitcoin exponentially.

[lakisis]

I think  holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

Holding bitcoin is obviously good idea to earn money.You just need to wait for the correct time to buy and sell.for example I bought 3btc when bitcoin price was under 400$ and now it's 770$+.So you just need to be patient and wait for the correct time.

you are right that wait for the correct time to buy and sell your bitcoin and i also buying bitcoin with low price and then i wait for higher and when price go to high then i sell it with high price and get a good profit from bitcoin trading .

[HanSchultz]

I think  holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

Holding bitcoin is obviously good idea to earn money.You just need to wait for the correct time to buy and sell.for example I bought 3btc when bitcoin price was under 400$ and now it's 770$+.So you just need to be patient and wait for the correct time.

so you are telling me that you made a $1000 profit by holding your coins for a very long time i would say it is not a good move,first off you are not getting much of a profit here by holding three bitcoins and if you had a higher number of coins then i can accept its a good move but if i am in that position i would have booked my profits with every rise and would buy back with every drop and that way i would earn more.

[Victorycoin]

I think the answer to this question actually will vary from person to person. In my opinion if you would have got under 500$ then yes it is always a good investment for future. But at this juncture there is little skeptical about the price as from a month almost price is being hovering in 700$ and up and down in this zone so not sure which side it will go in coming time.

It helps to understand where the increments are coming from, that way it becomes easier to analyse if the increments are for real or a flash in the pan. We know bitcoin is a true global currency and readily offers succor to people in countries whose fiat currencies have gone berserk. We have seen that play out in Greece, Venezuela, Russia, and quite recently, India.

Given that the fiat currencies are failing and people are getting frustrated, there is a strong likelihood that the top movement is not ended yet and possibly the $1000/Btc level would most likely be tested again not too long from now. We need to understand though that the trajectory of market price in any financial market is never a straight line, rather it is a series of up and down movement.

  

[lionheart78]

I think  holding a bitcoin for a long time is a good thing cause the value of bitcoin keeps on getting high just think about this when bitcoin made its first appearance the worth of 1Bitcoin is 0.08$ look how much its price grow from its appearanve

Holding bitcoin is obviously good idea to earn money.You just need to wait for the correct time to buy and sell.for example I bought 3btc when bitcoin price was under 400$ and now it's 770$+.So you just need to be patient and wait for the correct time.

you are right that wait for the correct time to buy and sell your bitcoin and i also buying bitcoin with low price and then i wait for higher and when price go to high then i sell it with high price and get a good profit from bitcoin trading .

You need to be very patient here, there will be lots of temptation when you see bitcoin price increasing.  It would be better if you save your bitcoin in a cold storage then forget about it.  This way it will be easier for you to resist temptation. 

[Deep In The Mines LLC]

Holding Bitcoin long-term (5-10) years has been proven to be historically very safe and profitable, I'd go with it if you don't have any other use for the money right now, probably better than putting it in savings account could make your retirement a lot quicker!

[machinek20]

Holding Bitcoin long-term (5-10) years has been proven to be historically very safe and profitable, I'd go with it if you don't have any other use for the money right now, probably better than putting it in savings account could make your retirement a lot quicker!

Bitcoin is a very good investment tool, but it is not recommended to put all of your money into bitcoin, we still dont know what will happen with bitcoin in the future, playing short term investment with bitcoin is better, holding bitcoin for a long time can be profitable but also can be a risky move

[JeffBrad12]

Holding Bitcoin long-term (5-10) years has been proven to be historically very safe and profitable, I'd go with it if you don't have any other use for the money right now, probably better than putting it in savings account could make your retirement a lot quicker!

2010 bitcoin had over $1000, 2011 They went down to the low-level price. 2013 the big hype was coming again over $1000 was reaching. 2014 they had fallen at $300-400. And I may think if that will become a right way to holding it in year scale.

[BitMaxz]

Holding Bitcoin long-term (5-10) years has been proven to be historically very safe and profitable, I'd go with it if you don't have any other use for the money right now, probably better than putting it in savings account could make your retirement a lot quicker!

Bitcoin is a very good investment tool, but it is not recommended to put all of your money into bitcoin, we still dont know what will happen with bitcoin in the future, playing short term investment with bitcoin is better, holding bitcoin for a long time can be profitable but also can be a risky move

You a point but for me i think because of adoption we can see more price increase for bitcoin.. but it takes a long time to see that the price will increase .. for me do not stay in one crypto currency you should choose some other altcoin to hold for a long time so that if there is altcoin that the price is increase you can sell and get the profit and buy again if the price is low.. You can choose to be a day trader minute trader or monthly trader depends what altcoin you are holding..

[mrcash02]

Holding Bitcoin long-term (5-10) years has been proven to be historically very safe and profitable, I'd go with it if you don't have any other use for the money right now, probably better than putting it in savings account could make your retirement a lot quicker!

Bitcoin is a very good investment tool, but it is not recommended to put all of your money into bitcoin, we still dont know what will happen with bitcoin in the future, playing short term investment with bitcoin is better, holding bitcoin for a long time can be profitable but also can be a risky move

You a point but for me i think because of adoption we can see more price increase for bitcoin.. but it takes a long time to see that the price will increase .. for me do not stay in one crypto currency you should choose some other altcoin to hold for a long time so that if there is altcoin that the price is increase you can sell and get the profit and buy again if the price is low.. You can choose to be a day trader minute trader or monthly trader depends what altcoin you are holding..

I think hold BTCs is much better than hold alt-coins. Maybe hold 10% of your money in alt-coins can worth on a medium-long term, but it's too risky, Bitcoin is safer. A good configuration would be 10% of money in alt-coins, 50% in Bitcoins (I don't think it's too risk as the quote above said) and 40% local currency money. This way, you can have a good investment in crypto-currencies and live managing very well your fiat money.

[a4techer]

This method is proven and more people because of those early bitcoiners they got profit from holding and now they are millionaires.

[Ewinsane]

Holding Bitcoin long-term (5-10) years has been proven to be historically very safe and profitable, I'd go with it if you don't have any other use for the money right now, probably better than putting it in savings account could make your retirement a lot quicker!

Bitcoin is a very good investment tool, but it is not recommended to put all of your money into bitcoin, we still dont know what will happen with bitcoin in the future, playing short term investment with bitcoin is better, holding bitcoin for a long time can be profitable but also can be a risky move

you are right but sometime i think that put my all money in bitcoin is secure because bitcoin going to increase its price too much faster and we know that bitcoin is very power currency and i am sure bitcoin will be survive for always.

[choppork]

This method is proven and more people because of those early bitcoiners they got profit from holding and now they are millionaires.

That's because they were early. Unlike them, we would have to wait for a long time before we can be millionaires out of holding coins. The hold-your-coins-become-a-millionaire train has already passed. I would only say that holding your coins is a good way to make money if you hold a lot of coins. Otherwise, you're not going to earn that much.