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

[Diced90]

I wouldn't go with the holding of bitcoins this time around as the price might be as a result of "pump and dump” and if we believe the price will go up even further we just might be disappointed and lose more than we bargained for, so better to ride the wave and sell when price is acceptable.

[stadus]

I wouldn't go with the holding of bitcoins this time around as the price might be as a result of "pump and dump” and if we believe the price will go up even further we just might be disappointed and lose more than we bargained for, so better to ride the wave and sell when price is acceptable.

It does not mean you have to hold longer, while you are holding your bitcoins you also have to pay attention to the market if you believe it's just a manipulated pump. For the sake of discussion, even if we see this as a manipulated price, we can still make money with it by doing short term investment.

[olushakes]

In the few months I have entered into the crypto environment, this has proven to be true, the few times a drop was experienced, then a high increased was experienced as well but following historical analysis that when its high to a level, then it begins to drop. But this will not just happen without any significant event such as a big hack or a ban from a government. In all, its a good way to make money but nothing is of certainty.

[Cactushrt]

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always  a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

[Potato Chips]

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always  a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Then you should just change the price goal. It must be balanced, not too high and not too low. It must be realistic enough for the price to actually
reached.

In the few months I have entered into the crypto environment, this has proven to be true, the few times a drop was experienced, then a high increased was experienced as well but following historical analysis that when its high to a level, then it begins to drop. But this will not just happen without any significant event such as a big hack or a ban from a government. In all, its a good way to make money but nothing is of certainty.

Yes, We can deduced that if the price is high then it is the right time to sell and when it drops the it is the right time to buy again. This is common strategy  that many of us do. Since you're just new to this, Continue observing and gathering data to come up with various strategies.

[Qartersa]

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always  a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

[farhaan]

Yes, holding bitcoin is a good way because we can now see the tremendous and steady rise in bitcoin price . Bitcoin has not disappointed its investors yet. Predictions about increase in  bitcoin price is becoming true. Bitcoin price is expected to go even more. It is always to hold bitcoins as a long term investment.

[rizkyhiw]

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always  a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

no you're wrong , a lot of people have a plan to do it
as they know bitcoin is the best investment for future due its limited supply
the more people buy and acquired bitcoin then the supply gone and become rare
that time bitcoin will be worthy.

[BlackPanda]

I wouldn't go with the holding of bitcoins this time around as the price might be as a result of "pump and dump” and if we believe the price will go up even further we just might be disappointed and lose more than we bargained for, so better to ride the wave and sell when price is acceptable.

all people today believe in the power of bitcoin. many people are doing the holding bitcoin today.
they keep most of their money and take advantage in the future. bitcoin prices continue to rise every day.

[hubballi]

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always  a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

[Best_Exchange]

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

[Hallmader]

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always  a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

If we can improve the bitcoin quite a lot. It will be the nubmer 1 for long time.

[Qartersa]

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always  a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

Governments will try to create their own digital currency that would match the usability of bitcoins and in the end it will probably pace-out bitcoins too. Nothing lasts forever. So holding your bitcoins will up only up until a certain price level and without any threats of a something that might replace it. But if the price level is reached and a mass of bitcoin holders suddenly sells expect also a drop in prices. In my previous statement, I am no talking about those shitty other coins that try to imitate, mimic or produce an "improved version" of bitcoins. I am talking about something the governments will create to replace fiat currency.

[mrcash02]

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always  a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

Governments will try to create their own digital currency that would match the usability of bitcoins and in the end it will probably pace-out bitcoins too. Nothing lasts forever. So holding your bitcoins will up only up until a certain price level and without any threats of a something that might replace it. But if the price level is reached and a mass of bitcoin holders suddenly sells expect also a drop in prices. In my previous statement, I am no talking about those shitty other coins that try to imitate, mimic or produce an "improved version" of bitcoins. I am talking about something the governments will create to replace fiat currency.

If governments create their own Crypto Currencies it will be like virtual local currency transactions. Because it won't be decentralized like Crypto Currrencies, just another currency controlled by the government. I don't see any problem if they want to create their own currency, the problem is if they stop allowing people to use Bitcoins and another Crypto Currencies. If we can use any currency we want, no problem at all.

[richardsNY]

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

The amounts basically don't really matter if you are long term minded. Everything that is being seen as a low amount today can turn into a serious amount after 3 or 4 years. Just look at early January 2015 where the price went below $200 shortly. If you bought just 1 BTC back then, you'd be sitting at a profit of $900 right now. In this case the $200 investment is the small amount.

[ethereumhunter]

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

yep and its good to hold them until we decide to sell our bitcoin to make profit. but if we want to wait for another high price then holding bitcoin for more is a good way especially we know that the price of bitcoin will be higher than now so we only wait for another moment to see the high price.

[chairul.muttaqin]

If have good amount is good to hold them, but at this time I've move the coins because of this high price. Is possible to see an high climb of btc price and lose a lot of money.

yep and its good to hold them until we decide to sell our bitcoin to make profit. but if we want to wait for another high price then holding bitcoin for more is a good way especially we know that the price of bitcoin will be higher than now so we only wait for another moment to see the high price.

If the price of bitcoin still increase you will get any profit but at this time i think the price of bitcoin on higher level and very hard to growing up until few hundred dollars again from this point now ( around 1100 dollars)

[Gliassa]

Yes its a good method and you can make a lot of money with it, right now a lot of people made some big bucks with the bitcoin as you can see the price above the 1000 dollars.

[Qartersa]

Holding for long is a good decisions, if you are not into quick profits. since we dont know the future it carries some risk and if anyone is willing to take a risk consider the previous bitcoins prices and set your target price goal

You're right there is always  a risk if you want to be wealthy but i dont agree with setting your price goal what if the price dont reach your goal? You will not cash out? What if someday bitcoins will crash or decrease?

Holding bitcoins forever will not be a good idea indeed. It will not be forever priced high because there is a great chance that bitcoin can be replaced by another cryptocurrency or digital currency. So if it crashes you will just lose even the money you invested in the bitcoins you are holding. Setting a price goal that is reachable is a better thing to do than just hold it.

I dont agree with your view of bitcoin can be replaced by another cryptocurrency because the main point is other cryptocurrency are holded by the developer and they can do anything but in bitcoin case the users are the holders and no one can change the bitcoin technology that is why bitcoin is more reliable then other cryptocurrency. and about selling it is correct that keep a goal and when you are achieving the target just start to sell slowly so that the more high price profit should be gained by you because if suddenly selling pressure comes then you should not think that you are left out in the bull run.

Governments will try to create their own digital currency that would match the usability of bitcoins and in the end it will probably pace-out bitcoins too. Nothing lasts forever. So holding your bitcoins will up only up until a certain price level and without any threats of a something that might replace it. But if the price level is reached and a mass of bitcoin holders suddenly sells expect also a drop in prices. In my previous statement, I am no talking about those shitty other coins that try to imitate, mimic or produce an "improved version" of bitcoins. I am talking about something the governments will create to replace fiat currency.

If governments create their own Crypto Currencies it will be like virtual local currency transactions. Because it won't be decentralized like Crypto Currrencies, just another currency controlled by the government. I don't see any problem if they want to create their own currency, the problem is if they stop allowing people to use Bitcoins and another Crypto Currencies. If we can use any currency we want, no problem at all.

Generally if the people's minds and views are swayed away from bitcoins, then the prices will remain the same or even drop. If people don't see any benefit in the currency then probably people would just leave it and forget about it. And if that happens then the prices will plummet similar to altcoins that have been forgotten because it was held to be useless.

[Ocytrem]

With long term holdings you can make a lot of money, and I mean a lot of money with some luck you double your money easily after a while.