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

[dustboy]

If this person is still holding his bitcoin from this date of post to now it's more than 400% of its value. Now I begin to think if it''s possible to begin saving my bitcoin and expecting it to grow as high as 400% before 2020 starts. 

You have the right to expect it but no one knows what will happen before 2020 starts. You may get nice profit but you may lose as well as we cant predict the price of bitcoin correctly. If you believe it will increase 400% so you can start holding it, but if you ask me then I would say it wont increase that big before 2020.

[matthona]

If this person is still holding his bitcoin from this date of post to now it's more than 400% of its value. Now I begin to think if it''s possible to begin saving my bitcoin and expecting it to grow as high as 400% before 2020 starts. 

You have the right to expect it but no one knows what will happen before 2020 starts. You may get nice profit but you may lose as well as we cant predict the price of bitcoin correctly. If you believe it will increase 400% so you can start holding it, but if you ask me then I would say it wont increase that big before 2020.

Nothing is impossible and anything is possible with bitcoins and only time can show us an clear picture what will happen in the future holding bitcoins is good but not that long and you should sell them when it reaches to highest level and buy back and that is the best way of making profits and that opportunity should not be missed.

[angaper]

If this person is still holding his bitcoin from this date of post to now it's more than 400% of its value. Now I begin to think if it''s possible to begin saving my bitcoin and expecting it to grow as high as 400% before 2020 starts. 

You have the right to expect it but no one knows what will happen before 2020 starts. You may get nice profit but you may lose as well as we cant predict the price of bitcoin correctly. If you believe it will increase 400% so you can start holding it, but if you ask me then I would say it wont increase that big before 2020.

Yes, this is basically true since past performance in the price of bitcoin does not guarantee similar results in the future. In addition, being a good entirely based on current digital technology, we don't know how these these technologies will evolve in the future, and the consequences they could bring for bitcoin in comparison with the more advanced cryptocurrencies to come.

[TribalBob]

If this person is still holding his bitcoin from this date of post to now it's more than 400% of its value. Now I begin to think if it''s possible to begin saving my bitcoin and expecting it to grow as high as 400% before 2020 starts. 

You have the right to expect it but no one knows what will happen before 2020 starts. You may get nice profit but you may lose as well as we cant predict the price of bitcoin correctly. If you believe it will increase 400% so you can start holding it, but if you ask me then I would say it wont increase that big before 2020.

Yes, this is basically true since past performance in the price of bitcoin does not guarantee similar results in the future. In addition, being a good entirely based on current digital technology, we don't know how these these technologies will evolve in the future, and the consequences they could bring for bitcoin in comparison with the more advanced cryptocurrencies to come.

Yeah we may see some new currency in coming years which can be far better then bitcoins and would holding better benefits then bitcoins and if that really happens then many people will switch their investment and quit bitcoins which may make bitcoin to disappear completely from the market.

[deadpoolx]

Knowing Bitcoin always seems to stabilize higher, the returns are not only long term, but short term because of heightened spikes.

By no means are BTC + large cryptocurrencies the only options. Try for all aspiring small coins with potential.

If you are a good trader, then surely in the short term Bitcoin can also be a good way to make profit. The problem is that even good traders have trouble making price forecasts in this market. Under such conditions, I think it would be safer to trade with a small portion of your holdings, and keep most of your coins, at least eighty percent, for the long term. That's what I would do, but I think planning should depend on the conditions and perceptions of each person.

[AUDREY23]

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?

do all bitcoin is stored for a long period, but partly used for investments, so we will no longer make entries stored in addition we can also seabagian more revenue and create additional stored

[marcoman22]

Yes, holding Bitcoin for a long time is good.As we see Altcoins are not performing well.No good progress has been found in Altcoins.Most of them are just shitcoins.We could see bitcoin has recovered from its recent fall due to china impact.Nothing happened like 2013.More companies are adopting bitcoin.Bitcoin related businesses will flourish in the future.Bitcoin is expected to reach $2000 by the end of 2017.Since bitcoin supply is finite, its price would reach much high in future.

[Natalim]

Yes, holding Bitcoin for a long time is good.As we see Altcoins are not performing well.No good progress has been found in Altcoins.Most of them are just shitcoins.We could see bitcoin has recovered from its recent fall due to china impact.Nothing happened like 2013.More companies are adopting bitcoin.Bitcoin related businesses will flourish in the future.Bitcoin is expected to reach $2000 by the end of 2017.Since bitcoin supply is finite, its price would reach much high in future.

It's good to be optimistic, we should really think that way as our optimistic thinking would certainly help to make this economy continues its progress. I hope we are not disappointed when the price fall down just recently, we are in the new path of success now, once we will reach $1,000, the price increase will certainly continue. You can expect then to see $2,000 this year. Just be patient, everything will come at the right time.

[JANGKRIK BOSS]

I originally thought that way, but after the fall of the price of the bitcoin 35% within 1 week, then I decided to take advantage when I think the price is already high. take a look at the price now, it looks like January will not be reached $1.000

[Amph]

If this person is still holding his bitcoin from this date of post to now it's more than 400% of its value. Now I begin to think if it''s possible to begin saving my bitcoin and expecting it to grow as high as 400% before 2020 starts. 

It rised fast until now becaue it was simple massively undervalued, $200 was not the right value absolutely, but from now you can not really expect another 400% increase without a very long time and a good amount of adoption

this time only pump and dump from whales will not due it, you need new people entering int he market or big rich investors

[jossiel]

I originally thought that way, but after the fall of the price of the bitcoin 35% within 1 week, then I decided to take advantage when I think the price is already high. take a look at the price now, it looks like January will not be reached $1.000

It will always be a good way to make money as the experienced bitcoin users who did adopted bitcoin earlier did this before.

And I believe that this is one of the best way to make money because you don't have to make yourself too busy monitoring for it like trading.

So when we see the price goes up we can just simply sell, the price fall of bitcoin is just normal but after that increase is guaranteed.

[upsidedown75]

Knowing Bitcoin always seems to stabilize higher, the returns are not only long term, but short term because of heightened spikes.

By no means are BTC + large cryptocurrencies the only options. Try for all aspiring small coins with potential.

But bitcoins are the only coins we can trust because small coins we cannot trust if they will stay in the market after an year.

Actually holding is an awesome investment but not everyone has some money to block in a certain asset. Those who have, can easily make enormous profits.

[Text]

Not all of us here can have a big capital to invest in bitcoin so some of us here are just depending on the services to be got paid or claim satoshis, collecting a lot as long as we can. I truly believe that holding is a good long term investment. If we feel the right time comes to sell our coins then we can make a profit.

[Rahar02]

For now, I don't think you could, unless if you have like $999.999 USD and buy bitcoin, which not many people have it.
Although, it's a bad behavior that impact to the market price and the reason why we can't move to reach ATH, the last time we were at $1100 and fall to $700, we need a real bitcoiners to join the community and give positive impact to bitcoin environment.
As you said, holding bitcoin for a long time could be a good way but not just to make money instead of direct spending to merchants.

[JC btc]

Yes, holding for a long term is a great idea but I don't think that you hold all your earnings, there are lot of opportunities awaiting out there and don't depend all in bitcoin. Yes, bitcoin can change our life but I am not advising that you just depend on bitcoin, explore don't just wait and hold. You can use bitcoin in other ways like opening a new business etc.

[naidray]

I think holding bitcoins for a long term can be a really good decision to make but holding should be limited to maximum 5 years and not more then that bitcoin will surely survive for next 5 years but not sure whether it can sustain for next 15 to 20 years or not and price will be definitely higher in next 5 years so I think that would be the best time to sell bitcoins.

Actually 5 years is a pretty big term and if someone can save like 2-3 bitcoins at least for this much time I can almost guarantee that he will multiply his money ten times because see the more people are coming the lesser bitcoins are there in each person's wallet and hence every bit is getting more and more precious, simple and easy as that !
More spreading = more profit !

[coinplus]

If this person is still holding his bitcoin from this date of post to now it's more than 400% of its value. Now I begin to think if it''s possible to begin saving my bitcoin and expecting it to grow as high as 400% before 2020 starts. 

It is worth saving but I will suggest that you should invest them in a safe business along with hold. Because friend each of us has a duty to keep the transactions in check and moreover there is no problem in earning some extra profit while we are profiting with the hold itself.

Though invest should be made carefully because its pretty risky now a days, maybe lending is the only option in today's market.

[scarface]

Yes, holding for a long term is a great idea but I don't think that you hold all your earnings, there are lot of opportunities awaiting out there and don't depend all in bitcoin. Yes, bitcoin can change our life but I am not advising that you just depend on bitcoin, explore don't just wait and hold. You can use bitcoin in other ways like opening a new business etc.

Why to simply hold them for a long term when we have an choice to grow them in trading and I will never keep my coins idle in wallet without using it anywhere as it will make bitcoins a weaker currency in future so I will prefer to invest them in trading and try to multiply them and I am sure the number of coins will be much higher in future in compare to only holding them.

[digaran]

Yes, holding for a long term is a great idea but I don't think that you hold all your earnings, there are lot of opportunities awaiting out there and don't depend all in bitcoin. Yes, bitcoin can change our life but I am not advising that you just depend on bitcoin, explore don't just wait and hold. You can use bitcoin in other ways like opening a new business etc.

Why to simply hold them for a long term when we have an choice to grow them in trading and I will never keep my coins idle in wallet without using it anywhere as it will make bitcoins a weaker currency in future so I will prefer to invest them in trading and try to multiply them and I am sure the number of coins will be much higher in future in compare to only holding them.

From a year ago until now the bitcoin price doubled, so if someone could buy 5000BTC in a month and hold for 11 months he would've owned $4.5m by selling them right now considering the price at the time of buying $450. show me any safe trading or investing method like that.
Next year price will be around twice as it is right now and people will doubt it yet again.

[Ewinsane]

holding bitcoin for long time can make  profits.It is good to buy bitcoin at low price  and hold it for years untill it's price pump up to deserve price.

Yes holding bitcoin for the long time is a good way to make money in the future
It is best time to buy and hold it a few years and you will be happy to get a lot of profit.

yes i also agree with you that holding bitcoin for a long time is a good decision. in short term investment there is more chance to lose your money because the price of bitcoin is already trading in a high price therefore short term investment may be risky, if you can mange your should go for long term investment.

According to me there is fair difference between bitcoin and altcoin. Bitcoin is long term investment where as altcoin is short term investment because even today the price of bitcoin drop but there is 100% chance may be today or tomorrow the price will increase definitely. But when coming to altcoin if the price drops than the speculation will start about altcoin, it will long long time to settle in that position.

I think that as long as you have the tools to know which direction the price will take next, any asset can give good results in the short term, the problem is that altcoins are very unstable, and this increases the risk that there is panic selling in the market. In that sense, in fact, it is safer to hold Bitcoin if you want something less unstable, but it is possible to get good results in the short term as long as you are a good trader.

Making good profits from bitcoins can be time consuming as price is stable at a moment and we don't know when the price will pump but if invested in right altcoins then it can give big profits in quick time but its a risky business to do but if you understand the chart and choose the right coin then you can expect some really good profits out of it.

Altcoin market is a risky place to invest and not all can succeed in making profits from it so the right decision would be to keep them safe in wallet for future and sell when its giving you a good profits and holding them for next 5 years can be really a good decision as price will be much higher by that point of time.

you are right that altcoin is risky because i never invest my bitcoin in any altcoin because i lose my bitcoin many times in altcoin trading now i just trade bitcoin because bitcoin is much more powerful currency and now i hold my all bitcoin in my wallet so  also recommend that hold your bitcoin in your wallet for the future i hope it will be profitable for you.