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

[goldcoinminer]

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.

Fortunately, holding your bitcoins is not the only way to increase it's volume or value. That's only good if you have a bigger amount of investment as even with a little percentage of growth in terms of price you'll be able to make profit on it.

Why not try short term investment or trading for that matters, I am pretty sure smart investors are smart traders as well.

The active market gives us a lot of earning opportunity to it's good to be active as well too.

[rizkyhiw]

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

short term investment in bitcoin means you have to trade it
and to do trading it's not an easy job , you need to have a lot of knowledge and skills
then the long term investment could be the best option for those people who don't want/ don'r know about trading
it's always good to invest in bitcoin for long term as bitcoin price is always increase time to time.

[Bitcoin0916]

I think and believe, for the time being the best and most profitable way is buying and hold bitcoin. Based on my experience for almost 1 year, I've been able to profit more than 3 times or 300% just by buying and hold bitcoin until now.

[Rudsild]

I think and believe, for the time being the best and most profitable way is buying and hold bitcoin. Based on my experience for almost 1 year, I've been able to profit more than 3 times or 300% just by buying and hold bitcoin until now.

Buying and holding the bitcoin is a good strategy. If you bought some bitcoin in early 2013, you might be rich.

[Batangbitcoin]

I think and believe, for the time being the best and most profitable way is buying and hold bitcoin. Based on my experience for almost 1 year, I've been able to profit more than 3 times or 300% just by buying and hold bitcoin until now.

Buying and holding the bitcoin is a good strategy. If you bought some bitcoin in early 2013, you might be rich.

Well we are not in 2013 we are now 2016 and nearly 2017.. but we can be still have a chance to be rich in bitcoin and i think it is still not late to hold a large amount of bitcoin and sell them in the right time to become rich someday.

[TheUltraElite]

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!

The people who had bought large volumes of bitcoin back in 2009 at 10$/1BTC are the real profitmakers today.

However it is past and people should look in to present and try to earn from it. Holding the coins can be good if you are not into daily trading. However a more profitable way is trading the coins - buying and selling them whenever prices fall/rise respectively.

[BigBoom3599]

I think holding is a great investment, it has the potential to 10x in 5-10 years or sooner if development speeds up. I wouldn't invest all my savings in it though, it's still a risky investment, so remember:

Don't invest more than you can afford to lose

[lol3c]

I think holding is a great investment, it has the potential to 10x in 5-10 years or sooner if development speeds up. I wouldn't invest all my savings in it though, it's still a risky investment, so remember:

Don't invest more than you can afford to lose

Yeah you are right. If you can not accept the truth that you can lose your money while investing, do not try make a huge investment.
And, after all, holding Bitcoin is the best way to earn money in a long time. As you can see, Bitcoin price tends to go up through many years. More and more people get to know about Bitcoin and its advantages. In about a decade later, I believe that bitcoin price will be about $5000

[Jewelettes]

It seems like holding bitcoins is the way to go. I'm expecting a bigger and brighter future for bitcoins in 2017 and beyond.  Others tried, but still bitcoins remain seated at the top.  There's no stopping the ascending price of bitcoin.  So yes, hold on to it a little longer!

[upsidedown75]

It seems like holding bitcoins is the way to go. I'm expecting a bigger and brighter future for bitcoins in 2017 and beyond.  Others tried, but still bitcoins remain seated at the top.  There's no stopping the ascending price of bitcoin.  So yes, hold on to it a little longer!

You are right even it is highly dependent on the amount of bitcoin you will be holding. Just to maximise the chances of becoming rich with bitcoins we must keep on adding some bitcoin to our saving periodically. But people are not doing this instead of adding they do spend some from their saving. Then the chances will be getting thin.

[Jewelettes]

It seems like holding bitcoins is the way to go. I'm expecting a bigger and brighter future for bitcoins in 2017 and beyond.  Others tried, but still bitcoins remain seated at the top.  There's no stopping the ascending price of bitcoin.  So yes, hold on to it a little longer!

You are right even it is highly dependent on the amount of bitcoin you will be holding. Just to maximise the chances of becoming rich with bitcoins we must keep on adding some bitcoin to our saving periodically. But people are not doing this instead of adding they do spend some from their saving. Then the chances will be getting thin.

Trading is one way of increasing our bitcoin holding.  But one gotta be smart.  We should be doing our research before investing so that after a trade, our bitcoin balance has increased instead of plummeted.

Getting a profit of 10 cents from a dollar is the smartest trading move, in my own opinion. But others are trying to make 10 dollars out of their 10 cents. For some people it work, but for the majority, it is just the quickest way of losing their bitcoins.

So think smart. That advise is also addressed to myself

[TravisNeko]

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

This is true and due to that we can say that holding the bitcoin for a long term is good and also very profitable nowadays.

[Supebox]

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!

Yes its very good to do and you can make a lot of money with it too to be honest I would go for the long terms again and again.

[mirakal]

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!

Yes its very good to do and you can make a lot of money with it too to be honest I would go for the long terms again and again.

It's not easy as you think, everything requires timing to be able to succeed in long term investment. And also, you have to put a good amount of money to earn great profit, since it's long time just treat it as a time deposit where you'll money will grow due to good interest rate in return. But once again, it's all about the right timing, do not be lazy and just follow what other people say, you have to educate yourself too and update with recent information.

[hajimasan]

I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  I know last year it was $600 and the highest was when it was more than $1000 per bitcoin.  But since it is all the way down to $200-$300, isn't having bitcoin always good?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.



In general, isn't holding BTC always a good thing since the price of it is pretty low now?  Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster.  But since its in the $200-$300 range, isn't having BTC always good?

Yes You are Right that Holding Bitcoin for a long term is very profitable but it is not easy as you think because if you want to do a long term investment in Bitcoin then you need to do some research about it and to know about the risks involved if you invest in Bitcoin for long term. Also you need patience to make some profit in long term investment.

[Superzpay]

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!

Yes its very good to do and you can make a lot of money with it too to be honest I would go for the long terms again and again.

It's not easy as you think, everything requires timing to be able to succeed in long term investment. And also, you have to put a good amount of money to earn great profit, since it's long time just treat it as a time deposit where you'll money will grow due to good interest rate in return. But once again, it's all about the right timing, do not be lazy and just follow what other people say, you have to educate yourself too and update with recent information.

It also require our support to the bitcoin and patience and if we use only bitcoin in our businesses and in our financial matters then we do not have to worry for bitcoin because these are the factors which will give a boost to the bitcoin and bitcoin will go more stronger as a currency and the value will also increase in this way.

[Mbah Slamet]

Based on the experience of the users of the bitcoin, this seems like a very profitable thing, a very easy way to benefit is buying bitcoin and hold for long term. I'll give it a try, I bought 3 bitcoin then sell again after 1 year or 200% profit.

[lakisis]

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!

Yes its very good to do and you can make a lot of money with it too to be honest I would go for the long terms again and again.

i agree with you i also make a big profit from long term investment in bitcoin and now i sell my 50% bitcoin with high price and i get a good profit and 50% bitcoin i hold for the next year i hope bitcoin will be double its value in the next year.

[Mr.grin]

Based on the experience of the users of the bitcoin, this seems like a very profitable thing, a very easy way to benefit is buying bitcoin and hold for long term. I'll give it a try, I bought 3 bitcoin then sell again after 1 year or 200% profit.

Well, it does look very easy, but, although it was profitable, it is not easy to hold bitcoin in a long time, especially when the bitcoin prices began to decline. Well, it requires trust and patience are great, because without it, perhaps it will only be in vain. but, you should try it, because it is the safest, and easiest way to make money you have into more 

[richardsNY]

Based on the experience of the users of the bitcoin, this seems like a very profitable thing, a very easy way to benefit is buying bitcoin and hold for long term. I'll give it a try, I bought 3 bitcoin then sell again after 1 year or 200% profit.

Well, it does look very easy, but, although it was profitable, it is not easy to hold bitcoin in a long time, especially when the bitcoin prices began to decline. Well, it requires trust and patience are great, because without it, perhaps it will only be in vain. but, you should try it, because it is the safest, and easiest way to make money you have into more  

If you're a solid holder with long term intentions, then you don't get bothered by short term fluctuations. Instead of worrying about the price to go up or down, you can try to use the frequent price swings in your advantage. It will allow you to make profits while you are also holding coins for the long term. That's how you get to enjoy the best from both short and long term.