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

[richardsNY]

My humble opinion is that you could make more by trading bitcoin for other alt coins than holding bitcoin for long term. But you will have to get your timing right or else you could lose your bitcoin. For example, if you had bought ETH at a month or two with bitcoin and hold the ETH till now, then you would be sitting with a x2 to x4 times profit.

If you purely look at the gains, then holding Bitcoin won't gain you anything (as in seeing the number of coins you have grow). If you prefer to put your coins to work, then trading is the best possible option. I personally stick to BTC vs fiat pairs, but if you so wish, altcoins can gain you a decent profit as well. But the thing is, trading isn't an easy thing that everyone can jump into and start making profits right away. It requires market understanding if you stick to fiat trading, and a decent bit of luck if you're trading altcoins.

[Yatsan]

Holding bitcoin for a long time is a good way to make income because as you can see bitcoin now a days became more popular so the bitcoin value is affected by that if you hold the bitcoin for past few years you will have a large income. So holding bitcoin for a long time is a good way to make a large profit.

[freedomgo]

Holding bitcoin for a long time is a good way to make income because as you can see bitcoin now a days became more popular so the bitcoin value is affected by that if you hold the bitcoin for past few years you will have a large income. So holding bitcoin for a long time is a good way to make a large profit.

That's more on a gamble and it will only give you an income if the value will rise overtime, also it's necessary that you understand the risk that you are taking because blindly investing or holding bitcoin does not bring success. We know that bitcoin is getting bigger and bigger as time pass by but we also know it's not stable yet and market is manipulated by whales, just by being aware, we can always make a good decision at the right time.

[wuvdoll]

My humble opinion is that you could make more by trading bitcoin for other alt coins than holding bitcoin for long term. But you will have to get your timing right or else you could lose your bitcoin. For example, if you had bought ETH at a month or two with bitcoin and hold the ETH till now, then you would be sitting with a x2 to x4 times profit.

If you purely look at the gains, then holding Bitcoin won't gain you anything (as in seeing the number of coins you have grow). If you prefer to put your coins to work, then trading is the best possible option. I personally stick to BTC vs fiat pairs, but if you so wish, altcoins can gain you a decent profit as well. But the thing is, trading isn't an easy thing that everyone can jump into and start making profits right away. It requires market understanding if you stick to fiat trading, and a decent bit of luck if you're trading altcoins.

I totally agree, and you have a point but the bitcoin right now is measured by how much it is worth it in dollars not with how much you have coins, and we are here talking about making money not growing btc that is a complete different subject, so saving bitcoin for a long time may eventually get profit but only in fiat.

[blackhawkeye1912]

Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time  would be 3000$ to 5000$. Just be patience while waiting for the right time

[mrcash02]

Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time  would be 3000$ to 5000$. Just be patience while waiting for the right time

Wow, that is a nice prediction, let's see if it will really happen, would be very good! It's impossible to know with 100% sure something about Bitcoin, but if the last 2 years results could be applied for the next 2 years, we could see Bitcoin pricing about $2600-$3000 in 2019. I think $5000 is a bit exaggerated, a bit lower than that is very possible...

[SamsungBitcoin]

Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time  would be 3000$ to 5000$. Just be patience while waiting for the right time

Wow, that is a nice prediction, let's see if it will really happen, would be very good! It's impossible to know with 100% sure something about Bitcoin, but if the last 2 years results could be applied for the next 2 years, we could see Bitcoin pricing about $2600-$3000 in 2019. I think $5000 is a bit exaggerated, a bit lower than that is very possible...

All of that is possible to bitcoin, we should believed that bitcoin have good value in the end of this year.  $5000 will reach if massive adoption for more companies comes before 2 years it helps to increase the demand and the price will also increase.

[Ewox]

If you are saving for future purposes then yes, holding a bitcoin for a long time is good for those waiting for the bitcoin to pump higher. But for those meticulous persons, especially those in trading they would always keep an eye on the fluctuation of Bitcoin. They would buy them once its value would go down and of course profit even a little sometimes. It actually is like saving in a bank but instead putting it in a bank and profit a little of interest some would invest it and put it in trading and keep it until it is needed and of course you would gain more than the interest in the bank.

[iram3130]

Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time  would be 3000$ to 5000$. Just be patience while waiting for the right time

Wow, that is a nice prediction, let's see if it will really happen, would be very good! It's impossible to know with 100% sure something about Bitcoin, but if the last 2 years results could be applied for the next 2 years, we could see Bitcoin pricing about $2600-$3000 in 2019. I think $5000 is a bit exaggerated, a bit lower than that is very possible...

I too feel that $3000 Mark is actually possible by 2019. I was saving in my early years of Bitcoin and I regret why didn't I save more but nevertheless those bitcoins were very much helpful to make me financially stable.
Mark my words. Keep your savings in Bitcoin guys..

[Russlenat]

Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time  would be 3000$ to 5000$. Just be patience while waiting for the right time

Wow, that is a nice prediction, let's see if it will really happen, would be very good! It's impossible to know with 100% sure something about Bitcoin, but if the last 2 years results could be applied for the next 2 years, we could see Bitcoin pricing about $2600-$3000 in 2019. I think $5000 is a bit exaggerated, a bit lower than that is very possible...

I too feel that $3000 Mark is actually possible by 2019. I was saving in my early years of Bitcoin and I regret why didn't I save more but nevertheless those bitcoins were very much helpful to make me financially stable.
Mark my words. Keep your savings in Bitcoin guys..

I think the $3000 price could be reached next year. If we have bigger block size, it could even be $5000.

[Sled]

Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time  would be 3000$ to 5000$. Just be patience while waiting for the right time

Wow, that is a nice prediction, let's see if it will really happen, would be very good! It's impossible to know with 100% sure something about Bitcoin, but if the last 2 years results could be applied for the next 2 years, we could see Bitcoin pricing about $2600-$3000 in 2019. I think $5000 is a bit exaggerated, a bit lower than that is very possible...

I too feel that $3000 Mark is actually possible by 2019. I was saving in my early years of Bitcoin and I regret why didn't I save more but nevertheless those bitcoins were very much helpful to make me financially stable.
Mark my words. Keep your savings in Bitcoin guys..

I think the $3000 price could be reached next year. If we have bigger block size, it could even be $5000.

$3000 and $5000 for the price of bitcoin next year is very impossible to reach since there is a lot of problems that we may encounter or the threats that can make bitcoin price lower like the politics and bad feedbacks of big people because we know that bitcoin is very vulnerable by those small updates or feedbacks of other people because people now a days often believes in the rumors rather than their perspective so it often results in panic selling.

[pinkpanther03]

If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..

but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many

One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.

YOu said was right mate, as long as your not selling your coins you will never be lose, because it maybe drop the price but it can recover sonner or later. Like what happen on ETF if you remember, bitcoin dropped into below 900$ after being denied by the SEC and now look at the price value we are already resume at more than 1300$. So, holding bitcoin is very profitable.

[fullypak]

If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..

but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many

One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.

YOu said was right mate, as long as your not selling your coins you will never be lose, because it maybe drop the price but it can recover sonner or later. Like what happen on ETF if you remember, bitcoin dropped into below 900$ after being denied by the SEC and now look at the price value we are already resume at more than 1300$. So, holding bitcoin is very profitable.

Yup now it's increasing very fast, yesterday it was around $1270+, but now it's crossed $1315 i think very soon it will hit 1500$. So holding bitcoin for some time is a good decision. But you should put one eye on this price because we don't know when the price will go down.

[ubercool]

If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..

but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many

One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.

YOu said was right mate, as long as your not selling your coins you will never be lose, because it maybe drop the price but it can recover sonner or later. Like what happen on ETF if you remember, bitcoin dropped into below 900$ after being denied by the SEC and now look at the price value we are already resume at more than 1300$. So, holding bitcoin is very profitable.

Yup now it's increasing very fast, yesterday it was around $1270+, but now it's crossed $1315 i think very soon it will hit 1500$. So holding bitcoin for some time is a good decision. But you should put one eye on this price because we don't know when the price will go down.

Right now its touching 1350$ price and traders are going crazy like last time. BTC holders will be holding Bitcoins tight as its getting predicted as another pump of 1500$ or more. Want to sell some of my BTC as I had bought at 1100$ price range.

[iqlimasyadiqa]

If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..

but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many

One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.

YOu said was right mate, as long as your not selling your coins you will never be lose, because it maybe drop the price but it can recover sonner or later. Like what happen on ETF if you remember, bitcoin dropped into below 900$ after being denied by the SEC and now look at the price value we are already resume at more than 1300$. So, holding bitcoin is very profitable.

Yup now it's increasing very fast, yesterday it was around $1270+, but now it's crossed $1315 i think very soon it will hit 1500$. So holding bitcoin for some time is a good decision. But you should put one eye on this price because we don't know when the price will go down.

Right now its touching 1350$ price and traders are going crazy like last time. BTC holders will be holding Bitcoins tight as its getting predicted as another pump of 1500$ or more. Want to sell some of my BTC as I had bought at 1100$ price range.

The bitcoin price movement is great. There was a significant increase. Holding is indeed the best way.
We can see that in the future there will be another rise. All we have to do is be patient and also careful in doing the action.

[cafucafucafu]

Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time  would be 3000$ to 5000$. Just be patience while waiting for the right time

I dont expect such a big price rise in next 2-3 years, we still need to remember about the current situation that bitcoin and blockchain are into.

There is a possible hard-fork going on, we are still not sure but bitcoin unlimited has somewhere like 42% of support, when segwit has more around 30% (to be implemented, we need 95% of support for SegWit).
We are still having big problems about the blockchain bandwidth, the network is simply too slow sometimes.
In case of a spam attack, blockchain cannot really maintain under such a massive traffic, there are too many transactions which makes things even worse than before.

[Victorycoin]

Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time  would be 3000$ to 5000$. Just be patience while waiting for the right time

Wow, that is a nice prediction, let's see if it will really happen, would be very good! It's impossible to know with 100% sure something about Bitcoin, but if the last 2 years results could be applied for the next 2 years, we could see Bitcoin pricing about $2600-$3000 in 2019. I think $5000 is a bit exaggerated, a bit lower than that is very possible...

There is this popular saying in the financial market that, Past performance may not guarantee future performance and that is absolutely true. A safer approach would be to buy and hold all the Bitcoins one may desire to and take profit every time new highs are made, be they in weeks, months or years. Beating one's chest about the time frame for Bitcoin price to appreciate is like chasing the wind, don't do it!

[Fatanut]

If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..

but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many

One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.

YOu said was right mate, as long as your not selling your coins you will never be lose, because it maybe drop the price but it can recover sonner or later. Like what happen on ETF if you remember, bitcoin dropped into below 900$ after being denied by the SEC and now look at the price value we are already resume at more than 1300$. So, holding bitcoin is very profitable.

First of all, the price didn't go down because the ETF was denied by the SEC. Because if it was the actual reason, people pulling out their investments because of ETF disapproval, it should have happened almost right away when the decision was announced. But it didn't. It happened days after.

If you don't sell your coins, you've basically lost the coins already. It's still there and it's still yours but you can't use it at all because you want to wait more. Hence, you can consider that money gone for quite some more time. It's a loss at that moment but it will return once you decided to sell it. In simpler terms, what's money if you're not allowed to spend it.

[Bee Leb07]

Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time  would be 3000$ to 5000$. Just be patience while waiting for the right time

Wow, that is a nice prediction, let's see if it will really happen, would be very good! It's impossible to know with 100% sure something about Bitcoin, but if the last 2 years results could be applied for the next 2 years, we could see Bitcoin pricing about $2600-$3000 in 2019. I think $5000 is a bit exaggerated, a bit lower than that is very possible...

All of that is possible to bitcoin, we should believed that bitcoin have good value in the end of this year.  $5000 will reach if massive adoption for more companies comes before 2 years it helps to increase the demand and the price will also increase.

Still there is no legality of bitcoin. Then how can we be sure that the price as well as the demand will increase? You are right in one side that we should believe that bitcoin have good value in the end of this year. But if it does not happen and bitcoin is being banned, then who will take the risk?
You???!!!!!!!!!!!

[Zenithar]

If the Bitcoin's price increase with time as expected so holding Bitcoin a long time worth this, but if the prices get down for any reason we will lose,. i think its depending in the future prices..

but isn't bitcoin is currency so 1 btc will be always 1 btc, unfortunately we don't look in that way, we just want fiat currency so we calculate profit and loss in fiat currency only. so bitcoin became an investment for many

One thing is very important, when the price is going down, you will not lose anything. You just need to make sure you don't sell your coins. As long as you don't sell them, you won't lose anything. It may feel like you are losing, but it's not the case.

YOu said was right mate, as long as your not selling your coins you will never be lose, because it maybe drop the price but it can recover sonner or later. Like what happen on ETF if you remember, bitcoin dropped into below 900$ after being denied by the SEC and now look at the price value we are already resume at more than 1300$. So, holding bitcoin is very profitable.

Yup now it's increasing very fast, yesterday it was around $1270+, but now it's crossed $1315 i think very soon it will hit 1500$. So holding bitcoin for some time is a good decision. But you should put one eye on this price because we don't know when the price will go down.

Right now its touching 1350$ price and traders are going crazy like last time. BTC holders will be holding Bitcoins tight as its getting predicted as another pump of 1500$ or more. Want to sell some of my BTC as I had bought at 1100$ price range.

The bitcoin price movement is great. There was a significant increase. Holding is indeed the best way.
We can see that in the future there will be another rise. All we have to do is be patient and also careful in doing the action.

i am also in favour of long term investment, because in long term investment there are very little chances to lose your money. while in short term investment if you do not have any experience then there are more chances that if the price of bitcoin will take a little correction the you will consider it as panic selling and will also sell your bitcoin for low price which will surely cause to you.