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Author Topic: Is Holding Bitcoin a long time good way to make money?  (Read 368851 times)
freedomgo
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March 03, 2017, 07:09:38 AM
 #2001

I think if ETFs will be approved in two years we will see the bitcoin 5k .there will be investments from all companies on the planet Smiley
I'm optimistic it will be approved but I do not think of the price just yet, it will just come depending on how the adopters will react on the news. After the approval, the trend of price increasing  will continue and we shall see a great increase this year and just to be safe, doubling the current price would be my conservative speculation.

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Fatanut
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March 03, 2017, 10:53:18 AM
 #2002

I think if ETFs will be approved in two years we will see the bitcoin 5k .there will be investments from all companies on the planet Smiley
I'm optimistic it will be approved but I do not think of the price just yet, it will just come depending on how the adopters will react on the news. After the approval, the trend of price increasing  will continue and we shall see a great increase this year and just to be safe, doubling the current price would be my conservative speculation.

@arestrader You don't have to wait for 2 years at all since it will be announced/decided on March 11. 5K$ in 2 years is too huge for a gain, tbh. Even if ETF gets approved, I don't think the bitcoin price will increase by that much.

@freedomgo The ETF approval will not cause the price of bitcoin to skyrocket. The more realistic way to look at it is that it will only help bitcoins to increase in the price in the long run, not instantly. Just consider it as one of the primary things that will contribute to bitcoin's growth.

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akasma
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March 04, 2017, 08:27:03 AM
 #2003

I think if ETFs will be approved in two years we will see the bitcoin 5k .there will be investments from all companies on the planet Smiley

Yes, It could happen in the near future and it will happen in the year of  2019 or 2020. Just Buy and hold bitcoin when it's cheap.
That is a best way to make your money in the future.
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March 04, 2017, 08:34:16 AM
 #2004

Yes, holding bitcoin for a long duration of time is a very good investing option as Bitcoins show a very healthy growth rate

It is true that holding Bitcoin for a long term is a great investment, but it is not that easy, the fluctuations will make you change your emotions in a second. You need to have patience and you should not react to small fluctuations of the day to day market.
But, for getting best investment with Bitcoin, it's not just for long term.
We can see, how about the price of Bitcoin in last week or last month. Isn't very increase value?
yes i think depending on you luck, if you are a lucky person then can make good money from trading. i think  if you are going for trading but i actually the examin trading and its new boos f
not only luck but experience an skill is also important in gambling. because in some types of gambling we nee to use our skill and experience because our skill and experience is also importnat in gambling.
that is right in sports gambling, horse racing and jeep racing etc we need our experience and analysis. while in gambling in other gambling games like dice games and slots games we do not need for any analysis or experience in such games, because these games totally depend on our luck and if we are lucky then we will make money here and if we are not luck then we cannot make money from gambling.
Even with sports betting luck is highly concerned, because how analytical and however we make strategies things get changed based upon the luck we have. Only thing better with sports betting than dice and casinos were the minimizing of loss. With sports betting it's possible and with once betting is placed we'll be lucky to earn or loss.

Dimelord
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March 04, 2017, 09:21:53 AM
 #2005

Definitely, Bitcoin price has doubled from $650 to $1280 within 6 months duration.Bitcoin users are increasing day by day.Its price is expected to cross $2000 by the end of this year.Just avoid investing bitcoins in altcoins and keep your bitcoins in your wallet.Thats the best idea.
ged00u
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March 04, 2017, 02:51:27 PM
 #2006

Yes, holding bitcoin for a long duration of time is a very good investing option as Bitcoins show a very healthy growth rate

It is true that holding Bitcoin for a long term is a great investment, but it is not that easy, the fluctuations will make you change your emotions in a second. You need to have patience and you should not react to small fluctuations of the day to day market.
But, for getting best investment with Bitcoin, it's not just for long term.
We can see, how about the price of Bitcoin in last week or last month. Isn't very increase value?
yes i think depending on you luck, if you are a lucky person then can make good money from trading. i think  if you are going for trading but i actually the examin trading and its new boos f
not only luck but experience an skill is also important in gambling. because in some types of gambling we nee to use our skill and experience because our skill and experience is also importnat in gambling.
that is right in sports gambling, horse racing and jeep racing etc we need our experience and analysis. while in gambling in other gambling games like dice games and slots games we do not need for any analysis or experience in such games, because these games totally depend on our luck and if we are lucky then we will make money here and if we are not luck then we cannot make money from gambling.
Even with sports betting luck is highly concerned, because how analytical and however we make strategies things get changed based upon the luck we have. Only thing better with sports betting than dice and casinos were the minimizing of loss. With sports betting it's possible and with once betting is placed we'll be lucky to earn or loss.
well, the house is always there in every gambling game you make. If you want to be rich with your Bitcoin, I think you should invest your money in some decent projects which are highly potential. Otherwise, trading is always the best option for anyone who wants to earn money with bitcoin. For me, it is not hard to learn trading but you have to work hard enough to obtain a huge knowledge and skills in order to have profit in this field
PokerFace3
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March 04, 2017, 03:57:19 PM
 #2007

Yes, holding bitcoin for a long duration of time is a very good investing option as Bitcoins show a very healthy growth rate

It is true that holding Bitcoin for a long term is a great investment, but it is not that easy, the fluctuations will make you change your emotions in a second. You need to have patience and you should not react to small fluctuations of the day to day market.
But, for getting best investment with Bitcoin, it's not just for long term.
We can see, how about the price of Bitcoin in last week or last month. Isn't very increase value?
yes i think depending on you luck, if you are a lucky person then can make good money from trading. i think  if you are going for trading but i actually the examin trading and its new boos f
not only luck but experience an skill is also important in gambling. because in some types of gambling we nee to use our skill and experience because our skill and experience is also importnat in gambling.
Gambling is such a scam and waste of money. Mostly the person with good experience and knowledge also waste money there. So, I think it is mostly depends upon your luck. I think you have to experienced some other ways of earning signature campaign is best for slow and steady income and trading is also a good source.
dothebeats
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March 04, 2017, 04:07:18 PM
 #2008

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.
Oggy1987
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March 04, 2017, 07:27:19 PM
 #2009

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

You havent made profit until you sell your coins Wink. You have to catch a high peek, many people in all sort of investments wait for too long, expecting it to rise and rise forever, which is not the case. I'm not telling you to sell, I also save it for now, but with bitcoin you can potentially come to zero profit.
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March 04, 2017, 08:57:16 PM
 #2010

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

Holding them for a certain point of a time is a good move to make but if you will never sell your bitcoins then how you gonna enjoy the profits? Even I prefer to hold my coins but won't hesitate in selling them when price goes higher then my entry price and giving me an opportunity to make profits as I can re buy them when price falls in future and I think that is the best way to make profits from bitcoins as we are investing our money into it to get some profits so we should not miss an opportunity to sell them at a right time.

Got my account back! It was hacked. Sorry about it :|
Sled
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March 04, 2017, 09:15:32 PM
 #2011

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

Holding them for a certain point of a time is a good move to make but if you will never sell your bitcoins then how you gonna enjoy the profits? Even I prefer to hold my coins but won't hesitate in selling them when price goes higher then my entry price and giving me an opportunity to make profits as I can re buy them when price falls in future and I think that is the best way to make profits from bitcoins as we are investing our money into it to get some profits so we should not miss an opportunity to sell them at a right time.
Yes that is true. Holding bitcoin and no selling is a bad idea because it can't give you real profits because you just hold it and you don't get the real value of your bitcoin. Buying low price of bitcoin and selling it for a higher price like 150% of your investment portfolio is a good idea for me because that is how trading works; buy low sell high and that what we need to remember and not that "holding bitcoin for a long time".
richardsNY
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March 04, 2017, 09:28:39 PM
 #2012

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

You havent made profit until you sell your coins Wink. You have to catch a high peek, many people in all sort of investments wait for too long, expecting it to rise and rise forever, which is not the case. I'm not telling you to sell, I also save it for now, but with bitcoin you can potentially come to zero profit.

If you want to optimize your chances to the maximum, then you should repeatedly buy and sell in smaller percentages. It will help you to benefit from each and every market movement. If you just wait for the right moment to make a large sale or buy, then the chances are high that you end up regretting your actions. That was exactly how I used to buy and sell at the very beginning and each time I ended up unhappy. That's why I changed my strategy. I right now only move small percentages.
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March 04, 2017, 09:56:22 PM
 #2013

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

Holding them for a certain point of a time is a good move to make but if you will never sell your bitcoins then how you gonna enjoy the profits? Even I prefer to hold my coins but won't hesitate in selling them when price goes higher then my entry price and giving me an opportunity to make profits as I can re buy them when price falls in future and I think that is the best way to make profits from bitcoins as we are investing our money into it to get some profits so we should not miss an opportunity to sell them at a right time.
Yes that is true. Holding bitcoin and no selling is a bad idea because it can't give you real profits because you just hold it and you don't get the real value of your bitcoin. Buying low price of bitcoin and selling it for a higher price like 150% of your investment portfolio is a good idea for me because that is how trading works; buy low sell high and that what we need to remember and not that "holding bitcoin for a long time".

Holding bitcoin for a long time doesn't guarantees profits every time it may go in opposite direction as well if you don't sell them at a right time so buying and selling should be a continuous process in bitcoins and that will allow you to make regular profits and it will also grow the level of bitcoins in your wallet instead of keeping them idle in wallet without moving them to grow.

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March 04, 2017, 11:47:13 PM
Last edit: March 05, 2017, 12:38:22 AM by grandy
 #2014

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

Holding them for a certain point of a time is a good move to make but if you will never sell your bitcoins then how you gonna enjoy the profits? Even I prefer to hold my coins but won't hesitate in selling them when price goes higher then my entry price and giving me an opportunity to make profits as I can re buy them when price falls in future and I think that is the best way to make profits from bitcoins as we are investing our money into it to get some profits so we should not miss an opportunity to sell them at a right time.
Yes that is true. Holding bitcoin and no selling is a bad idea because it can't give you real profits because you just hold it and you don't get the real value of your bitcoin. Buying low price of bitcoin and selling it for a higher price like 150% of your investment portfolio is a good idea for me because that is how trading works; buy low sell high and that what we need to remember and not that "holding bitcoin for a long time".

Holding bitcoin for a long time doesn't guarantees profits every time it may go in opposite direction as well if you don't sell them at a right time so buying and selling should be a continuous process in bitcoins and that will allow you to make regular profits and it will also grow the level of bitcoins in your wallet instead of keeping them idle in wallet without moving them to grow.
but i think holding bitcoin for a long time is more profitable. specially in present time when the price is increasing, in fact there is good potential in the price of bitcoin. i am hopeful that in next few months the price of bitcoin will cross 2000 USD level.
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March 05, 2017, 06:37:31 AM
 #2015

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

Holding them for a certain point of a time is a good move to make but [1]if you will never sell your bitcoins then how you gonna enjoy the profits? Even I prefer to hold my coins but won't hesitate in selling them when price goes higher then my entry price and giving me an opportunity to make profits as [2]I can re buy them when price falls in future and I think that is the best way to make profits from bitcoins as we are investing our money into it to get some profits so we should not miss an opportunity to sell them at a right time.

[1] Just wait for bitcoins to become mainstream. Once it goes mainstream, the merchants are already accepting it and the price has already skyrocketed. By that time, not only have you made tons of profits, but you can also finally be able to buy using your bitcoins without converting them to fiat first.

[2] See, that's kind of the problem which is why most of us don't sell our bitcoins at all. You sold your coins today, and then tomorrow you'd see it growing even more. You hold your coins today, and then tomorrow you'd see the price is decreasing. The price is so volatile that no matter which move you do, there'd be a better thing to do. So most of us (or at least I think) just hold our coins and then sell them later when we actually need money.

tl;dr: Selling right now makes you lose the opportunity to sell at an even greater price.

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virasisog
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March 05, 2017, 07:32:02 AM
 #2016

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

Holding them for a certain point of a time is a good move to make but [1]if you will never sell your bitcoins then how you gonna enjoy the profits? Even I prefer to hold my coins but won't hesitate in selling them when price goes higher then my entry price and giving me an opportunity to make profits as [2]I can re buy them when price falls in future and I think that is the best way to make profits from bitcoins as we are investing our money into it to get some profits so we should not miss an opportunity to sell them at a right time.

[1] Just wait for bitcoins to become mainstream. Once it goes mainstream, the merchants are already accepting it and the price has already skyrocketed. By that time, not only have you made tons of profits, but you can also finally be able to buy using your bitcoins without converting them to fiat first.

[2] See, that's kind of the problem which is why most of us don't sell our bitcoins at all. You sold your coins today, and then tomorrow you'd see it growing even more. You hold your coins today, and then tomorrow you'd see the price is decreasing. The price is so volatile that no matter which move you do, there'd be a better thing to do. So most of us (or at least I think) just hold our coins and then sell them later when we actually need money.

tl;dr: Selling right now makes you lose the opportunity to sell at an even greater price.
Yes , it is a helpful way. I already experience this when i sold and convert my butcoins into fiat i am frustrated what happened the time i sold then i will buy again .But it needs a time if you see how market goes if it rise too high there's a big possibility to have a dump afterwards ,So for the mean time i learned how to take advantage of those big fluctuations even sometimes i lose profit but more on i have profits.
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March 05, 2017, 10:46:21 AM
Last edit: March 08, 2017, 03:34:55 PM by coinplus
 #2017

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.
Although saving bitcoin is a good and safe way to make profit but it only works if you are willing to wait like 2 or 5 years, and that is why it requires someone to be patient, but this slow way of earning bitcoin is not suitable for many people so they usually quit, but selling bitcoin while the price is high and rebuying when it is low is a good way to make profit as well.

But, Mr. Satoshi showed holding bitcoin is how greatly profitable with his hoardings. So, in long run we cannot imagine how much profits we are going to make with our bitcoin holding rather than actively buying and selling.
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March 05, 2017, 01:09:10 PM
 #2018

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

Holding them for a certain point of a time is a good move to make but if you will never sell your bitcoins then how you gonna enjoy the profits? Even I prefer to hold my coins but won't hesitate in selling them when price goes higher then my entry price and giving me an opportunity to make profits as I can re buy them when price falls in future and I think that is the best way to make profits from bitcoins as we are investing our money into it to get some profits so we should not miss an opportunity to sell them at a right time.
Yes that is true. Holding bitcoin and no selling is a bad idea because it can't give you real profits because you just hold it and you don't get the real value of your bitcoin. Buying low price of bitcoin and selling it for a higher price like 150% of your investment portfolio is a good idea for me because that is how trading works; buy low sell high and that what we need to remember and not that "holding bitcoin for a long time".
What is meant here is not holding and did not sell, but buy bitcoin and hold until a long time and then sold / used. Hold Bitcoin a long time it could make a huge profit. For example if someone holding 1 bitcoin from 2015 and hold until now it will had higher profits. But it was not easy, and must go through many fluctuations, but a profit very great.
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March 05, 2017, 01:45:28 PM
 #2019

Yes, holding bitcoin for a long duration of time is a very good investing option as Bitcoins show a very healthy growth rate

It is true that holding Bitcoin for a long term is a great investment, but it is not that easy, the fluctuations will make you change your emotions in a second. You need to have patience and you should not react to small fluctuations of the day to day market.
But, for getting best investment with Bitcoin, it's not just for long term.
We can see, how about the price of Bitcoin in last week or last month. Isn't very increase value?
yes i think depending on you luck, if you are a lucky person then can make good money from trading. i think  if you are going for trading but i actually the examin trading and its new boos f

If we are lucky than we make money in every field of business, than we are not thinking we do trading, and etc. But we realize about luck only when we have been taken risk, before it how could we judgement that we are lucky or not?
But about the thread, better is that hold the bitcoin because bitcoin has a good price now and it has no problem if we hold the bitcoin for a long time. 

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March 05, 2017, 03:47:03 PM
 #2020

Holding bitcoins for a long time is probably a good idea especially if you bought in at a good price. With that said, you can always buy bitcoins and just keep it on a wallet that isn't connected to the internet at most times so that you will be sure that you'll be keeping your coins in a safe place and that no one will hack or compromise your money. I've been doing the same thing for 2 years now and so far it only nets me profits most of the time.

Holding them for a certain point of a time is a good move to make but if you will never sell your bitcoins then how you gonna enjoy the profits? Even I prefer to hold my coins but won't hesitate in selling them when price goes higher then my entry price and giving me an opportunity to make profits as I can re buy them when price falls in future and I think that is the best way to make profits from bitcoins as we are investing our money into it to get some profits so we should not miss an opportunity to sell them at a right time.
Yes that is true. Holding bitcoin and no selling is a bad idea because it can't give you real profits because you just hold it and you don't get the real value of your bitcoin. Buying low price of bitcoin and selling it for a higher price like 150% of your investment portfolio is a good idea for me because that is how trading works; buy low sell high and that what we need to remember and not that "holding bitcoin for a long time".

Holding bitcoin for a long time doesn't guarantees profits every time it may go in opposite direction as well if you don't sell them at a right time so buying and selling should be a continuous process in bitcoins and that will allow you to make regular profits and it will also grow the level of bitcoins in your wallet instead of keeping them idle in wallet without moving them to grow.

So far, if you hold the bitcoin for more than 4 years, you will make some profit.

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