Japinat
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May 02, 2017, 05:13:15 AM |
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yeeep indeed holding btc has proved itself to be profitable but its not to the fullest really. if you are out to profit from the crypto market, you'd have to spend your btc and buy some alt for an investment. its how it going to work from now on because of the innovations created by developers.
If you don't want to take any risk of investing your bitcoins then better to hold them for future as you can make good profits even by holding them so if you manage to hold them for next 5 years then you can make good money from it. Holding bitcoin is one of the most suggested way to earn profit without doing anything or risking our money or bitcoin because holding only has a risk in your wallet but if you do cold storage and it is a safe wallet then there is nothing to worry about. Holding bitcoin will guarantee you to at least give you 50% profit after at least 4 years from now and that is a great percentage of earnings rather than in the banks. There is no guarantee of profit in holding bitcoin since market is ubpredictable hence it can volatile and it can pump more, no one knows what will happen in future. However, as what I seen in bitcoin now is that, it will comtinue rising its value because there is no huge barrier in sell order. If there is a guarantee that it will pump more than I don't care if it's volatile, in fact this would help our long term investment because it can surely give good return the longer we hold our bitcoins. Fact says that the price will pump and dump and we are just predicting based on the news and the past trends of bitcoin, so it's a big gamble and although it has been proven than holding is profitable but it primarily depends on your patience.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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jingsu1
Newbie
Offline
Activity: 49
Merit: 0
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May 02, 2017, 07:14:52 AM |
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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?
It depends how much money you have to invest. If we're talking 100 BTC for long term, that's great. But 1 BTC long term is pretty bad at this point.
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KennyR
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May 02, 2017, 09:46:48 AM |
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yeeep indeed holding btc has proved itself to be profitable but its not to the fullest really. if you are out to profit from the crypto market, you'd have to spend your btc and buy some alt for an investment. its how it going to work from now on because of the innovations created by developers.
If you don't want to take any risk of investing your bitcoins then better to hold them for future as you can make good profits even by holding them so if you manage to hold them for next 5 years then you can make good money from it. Holding bitcoin is one of the most suggested way to earn profit without doing anything or risking our money or bitcoin because holding only has a risk in your wallet but if you do cold storage and it is a safe wallet then there is nothing to worry about. Holding bitcoin will guarantee you to at least give you 50% profit after at least 4 years from now and that is a great percentage of earnings rather than in the banks. There is no guarantee of profit in holding bitcoin since market is ubpredictable hence it can volatile and it can pump more, no one knows what will happen in future. However, as what I seen in bitcoin now is that, it will comtinue rising its value because there is no huge barrier in sell order. If there is a guarantee that it will pump more than I don't care if it's volatile, in fact this would help our long term investment because it can surely give good return the longer we hold our bitcoins. Fact says that the price will pump and dump and we are just predicting based on the news and the past trends of bitcoin, so it's a big gamble and although it has been proven than holding is profitable but it primarily depends on your patience. Patience is required but this should not over rule the trading and profiting activities. Because price dump and pump is common with bitcoin as well other digital currencies. So even while making it as a long term holdable asset when the price move happens need to make trading and can invest further into parallel schemes.
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iamaruf
Sr. Member
Offline
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
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May 02, 2017, 10:24:39 AM |
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Yes of course. Hold your bitcoin for 1 to 1.5 years. you will get 50% to 75 profit. cause btc pumping and pumping.
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Alfa123
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May 02, 2017, 10:50:30 AM |
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Yes of course. Hold your bitcoin for 1 to 1.5 years. you will get 50% to 75 profit. cause btc pumping and pumping.
You can earn in the short term, if you urgently need money or keep them that much time. But you need to remember that the bubble can burst at any time.
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lixer
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May 02, 2017, 08:55:19 PM |
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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 have a point though, if you dont sell your bitcoin you would not suffer such loss because you didnt exchange it to fiat. As long as you hold it you wont suffer lose in any way and also we could wait as long as we want and we have the will on when we would sell our bitcoin as we see that the price is profitable enough to sell our coins. Correct, Holding it in a long term basis was really profitable. Just make sure that you will become patience while holding your coin whether Bitcoin or altcoin. Don't get attempt to sell it early in a small profit. Holding in a long term is good if you have a lot of extra money for bitcoin, this is good for people who set aside some amount of their retirement as we can always consider as a form of retirement. But, this is only for people who are willing to take risk as anything can happen and everyday there's a risk. As you treat this like an investment then invest what you are ready to lose since there is no definite thing that can help us to forecast whether the price will go up or down. It os better to fill yourself with the recent news regarding Bitcoin or any alt coin you have invested it that will help and guide you in making decisions and taking risks. I don’t prefer holding for a long time I love the buying and selling in short time periods. I have found it more productive for my earning. Every day the prices fluctuate and giving us a space to buy and sell our coins and this is what I do personally and I am very much satisfied with it. Holding for long time can make you disappoint with the earnings you do.
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bitllionaire
Legendary
Offline
Activity: 1120
Merit: 1000
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May 02, 2017, 09:45:30 PM |
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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 have a point though, if you dont sell your bitcoin you would not suffer such loss because you didnt exchange it to fiat. As long as you hold it you wont suffer lose in any way and also we could wait as long as we want and we have the will on when we would sell our bitcoin as we see that the price is profitable enough to sell our coins. Correct, Holding it in a long term basis was really profitable. Just make sure that you will become patience while holding your coin whether Bitcoin or altcoin. Don't get attempt to sell it early in a small profit. Holding in a long term is good if you have a lot of extra money for bitcoin, this is good for people who set aside some amount of their retirement as we can always consider as a form of retirement. But, this is only for people who are willing to take risk as anything can happen and everyday there's a risk. As you treat this like an investment then invest what you are ready to lose since there is no definite thing that can help us to forecast whether the price will go up or down. It os better to fill yourself with the recent news regarding Bitcoin or any alt coin you have invested it that will help and guide you in making decisions and taking risks. I don’t prefer holding for a long time I love the buying and selling in short time periods. I have found it more productive for my earning. Every day the prices fluctuate and giving us a space to buy and sell our coins and this is what I do personally and I am very much satisfied with it. Holding for long time can make you disappoint with the earnings you do. as i always prefer to long term investment, but i think if you are going for long term investment they you need to invest a good amount of bitcoin if you are going for long term investment.
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Sled
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May 03, 2017, 03:21:33 AM |
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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 have a point though, if you dont sell your bitcoin you would not suffer such loss because you didnt exchange it to fiat. As long as you hold it you wont suffer lose in any way and also we could wait as long as we want and we have the will on when we would sell our bitcoin as we see that the price is profitable enough to sell our coins. Correct, Holding it in a long term basis was really profitable. Just make sure that you will become patience while holding your coin whether Bitcoin or altcoin. Don't get attempt to sell it early in a small profit. Holding in a long term is good if you have a lot of extra money for bitcoin, this is good for people who set aside some amount of their retirement as we can always consider as a form of retirement. But, this is only for people who are willing to take risk as anything can happen and everyday there's a risk. As you treat this like an investment then invest what you are ready to lose since there is no definite thing that can help us to forecast whether the price will go up or down. It os better to fill yourself with the recent news regarding Bitcoin or any alt coin you have invested it that will help and guide you in making decisions and taking risks. I don’t prefer holding for a long time I love the buying and selling in short time periods. I have found it more productive for my earning. Every day the prices fluctuate and giving us a space to buy and sell our coins and this is what I do personally and I am very much satisfied with it. Holding for long time can make you disappoint with the earnings you do. as i always prefer to long term investment, but i think if you are going for long term investment they you need to invest a good amount of bitcoin if you are going for long term investment. Yes it is best to invest in bitcoin for long term but to get the best profit, we should invest a lot of money in bitcoin but not all our funds but just only around 50-75% and we can easily get dollars every month because the price seems rising up and it is a good sign for long term investors to generate huge profit especially those people who are holding around 10 bitcoins up.
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boyptc
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May 03, 2017, 05:56:15 AM |
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At first I don't believe that holding bitcoin for a longer time is going to give you good profit because when I was still newbie, I keep on seeing the price to have rally on pump and dump. And that's why I'm just selling it whenever I want and I saw profit but right now it's proven that holding it for a longer time will give you good profit.
Holding it can really make our bitcoin grow since bitcoin value now is increasing,it can grow on its own.But if were good in trading and investing or in gambling also then holding it without doing anything I think is a waste of time since our bitcoin can grow more than it can pump if ever we found a good offer in trading and investing. Holding is good but only up to a certain extent as you cannot afford to hold it too long even if you see price going higher so at that stage it would be good to sell your bitcoins to grab the profits and if you are not satisfied with the price then better to use them in trading to grow them in long run. It's why if you are into bitcoin make sure that you know how to handle it. Don't always rely to bitcoin and have other source of income, so that your sleeping investment in bitcoin is going to have a very long time to sleep so if ever the price will be waking up with an unexpected ATH, it will be a great result for you.
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Finestream
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May 03, 2017, 07:14:02 AM |
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Yes of course. Hold your bitcoin for 1 to 1.5 years. you will get 50% to 75 profit. cause btc pumping and pumping.
You can earn in the short term, if you urgently need money or keep them that much time. But you need to remember that the bubble can burst at any time. Anything can happen and current trend may end soon, the price is increasing and we are so happy with that but always remember it's a pump so when you buy now you are not buying at a good rate. Nobody can predict the right outcome in the future so no guarantee if we invest it will grow in the future, we need to take risk and we need to learn how to calculate it.
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CasioK
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May 03, 2017, 03:49:20 PM |
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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 have a point though, if you dont sell your bitcoin you would not suffer such loss because you didnt exchange it to fiat. As long as you hold it you wont suffer lose in any way and also we could wait as long as we want and we have the will on when we would sell our bitcoin as we see that the price is profitable enough to sell our coins. Correct, Holding it in a long term basis was really profitable. Just make sure that you will become patience while holding your coin whether Bitcoin or altcoin. Don't get attempt to sell it early in a small profit. Holding in a long term is good if you have a lot of extra money for bitcoin, this is good for people who set aside some amount of their retirement as we can always consider as a form of retirement. But, this is only for people who are willing to take risk as anything can happen and everyday there's a risk. As you treat this like an investment then invest what you are ready to lose since there is no definite thing that can help us to forecast whether the price will go up or down. It os better to fill yourself with the recent news regarding Bitcoin or any alt coin you have invested it that will help and guide you in making decisions and taking risks. Yes, there is no definite instrument that can measure the risk related to the BTC. Currently it looks like the best opportunity for the investment. Keeping yourself updated about the price and other situation of the bitcoin, which will be very helpful for you to when do your investment, needs a withdrawal to stay away from the loss.
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INVALID BBCODE: close of unopened tag in table (1)
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anami57
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May 03, 2017, 05:03:33 PM |
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Maybe for a few months earlier, bitcoin holding was good way to make money. However, for now price bitcoin has shot very high.
There is a sense of worry about this price, is it still strong to keep going up. Or it will show potential down.
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phr0stbyt3
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May 03, 2017, 05:18:20 PM |
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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 $5000 is a bit exaggerated, a bit lower than that is very possible... Actually if you see there is nothing impossible in bitcoin maybe we can see the price at 1$ tomorrow or even 2000$. I now feel bitcoin is just like life anything can happen next and that change can make lot of difference in our lives. I strongly agree that tomorrow the price can be $2000 but never $1. $2000 can be achieved when a huge whale invested millions/billions of dollars in bitcoins. That price is doable for sure, we might even surpass that if we had enough whales. On the other hand, $1 per BTC is kind of far from reality. People have invested tons of money in the bitcoin wallet. I belong to the people that don't have that much cash and have the majority of wealth on bitcoin. I wouldn't just sell my bitcoins even when the price is dumping quite hard. Plus, there are people that are ready to put a buy order wall to prevent the price from dumping even more. In other words, preventing their investments to go to waste. I agree it is actually impossible for bitcoin to fall till 1$ if that actually happened i will sell everything i have and go all in bitcoins. The price can't reach 2000$ that easily because many whales have already invested according to their potential so the only way the price can increase is by more countries like japan adopting the coin.
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Sled
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May 04, 2017, 04:37:19 AM |
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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 $5000 is a bit exaggerated, a bit lower than that is very possible... Actually if you see there is nothing impossible in bitcoin maybe we can see the price at 1$ tomorrow or even 2000$. I now feel bitcoin is just like life anything can happen next and that change can make lot of difference in our lives. I strongly agree that tomorrow the price can be $2000 but never $1. $2000 can be achieved when a huge whale invested millions/billions of dollars in bitcoins. That price is doable for sure, we might even surpass that if we had enough whales. On the other hand, $1 per BTC is kind of far from reality. People have invested tons of money in the bitcoin wallet. I belong to the people that don't have that much cash and have the majority of wealth on bitcoin. I wouldn't just sell my bitcoins even when the price is dumping quite hard. Plus, there are people that are ready to put a buy order wall to prevent the price from dumping even more. In other words, preventing their investments to go to waste. I agree it is actually impossible for bitcoin to fall till 1$ if that actually happened i will sell everything i have and go all in bitcoins. The price can't reach 2000$ that easily because many whales have already invested according to their potential so the only way the price can increase is by more countries like japan adopting the coin. The price can reach up to 2000$ because of the movement of Japan for bitcoin and its keep going up for the price and a lot of experts says that bitcoin could reach 2000$ before the year end and that is a good news for us because it came from the experts in bitcoin and if their prediction is wrong then it is alright because we can still make money by holding bitcoin for long term.
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fullypak
Legendary
Offline
Activity: 1456
Merit: 1005
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May 04, 2017, 12:42:51 PM |
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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 $5000 is a bit exaggerated, a bit lower than that is very possible... Actually if you see there is nothing impossible in bitcoin maybe we can see the price at 1$ tomorrow or even 2000$. I now feel bitcoin is just like life anything can happen next and that change can make lot of difference in our lives. I strongly agree that tomorrow the price can be $2000 but never $1. $2000 can be achieved when a huge whale invested millions/billions of dollars in bitcoins. That price is doable for sure, we might even surpass that if we had enough whales. On the other hand, $1 per BTC is kind of far from reality. People have invested tons of money in the bitcoin wallet. I belong to the people that don't have that much cash and have the majority of wealth on bitcoin. I wouldn't just sell my bitcoins even when the price is dumping quite hard. Plus, there are people that are ready to put a buy order wall to prevent the price from dumping even more. In other words, preventing their investments to go to waste. I agree it is actually impossible for bitcoin to fall till 1$ if that actually happened i will sell everything i have and go all in bitcoins. The price can't reach 2000$ that easily because many whales have already invested according to their potential so the only way the price can increase is by more countries like japan adopting the coin. The price can reach up to 2000$ because of the movement of Japan for bitcoin and its keep going up for the price and a lot of experts says that bitcoin could reach 2000$ before the year end and that is a good news for us because it came from the experts in bitcoin and if their prediction is wrong then it is alright because we can still make money by holding bitcoin for long term. Many experts are hoping 2000$ at this year end, so everyone is holding their coins. I think it is possible. But in between anything can happen. Within just two weeks almost 300$ increased. If it continues means within this month end, the price will cross 2000$. But it's not easy. present situation holding BTC for the long term will give good profit.
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gabmen
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May 06, 2017, 09:45:27 AM |
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Holding bitcoin a long time is a good way to make money, hold it 2 to 3years after that for sure you had already a big saving in your storage wallet. It will surely that bitcoin by that time� would be 3000$ 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 $5000 is a bit exaggerated, a bit lower than that is very possible... Actually if you see there is nothing impossible in bitcoin maybe we can see the price at 1$ tomorrow or even 2000$. I now feel bitcoin is just like life anything can happen next and that change can make lot of difference in our lives. I strongly agree that tomorrow the price can be $2000 but never $1. $2000 can be achieved when a huge whale invested millions/billions of dollars in bitcoins. That price is doable for sure, we might even surpass that if we had enough whales. On the other hand, $1 per BTC is kind of far from reality. People have invested tons of money in the bitcoin wallet. I belong to the people that don't have that much cash and have the majority of wealth on bitcoin. I wouldn't just sell my bitcoins even when the price is dumping quite hard. Plus, there are people that are ready to put a buy order wall to prevent the price from dumping even more. In other words, preventing their investments to go to waste. I agree it is actually impossible for bitcoin to fall till 1$ if that actually happened i will sell everything i have and go all in bitcoins. The price can't reach 2000$ that easily because many whales have already invested according to their potential so the only way the price can increase is by more countries like japan adopting the coin. The price can reach up to 2000$ because of the movement of Japan for bitcoin and its keep going up for the price and a lot of experts says that bitcoin could reach 2000$ before the year end and that is a good news for us because it came from the experts in bitcoin and if their prediction is wrong then it is alright because we can still make money by holding bitcoin for long term. Many experts are hoping 2000$ at this year end, so everyone is holding their coins. I think it is possible. But in between anything can happen. Within just two weeks almost 300$ increased. If it continues means within this month end, the price will cross 2000$. But it's not easy. present situation holding BTC for the long term will give good profit. its not just a possibility now but its likely what will happen in the next couple of months. we started this year with 1k which was already high that time and it didn't take long before we hit 1.5k so I think all these talks about btc reaching 2k this year is legitimate and that's something to look forward to so i'm holding on to my btcs
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Denker
Legendary
Offline
Activity: 1442
Merit: 1014
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May 06, 2017, 09:58:38 AM |
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Maybe for a few months earlier, bitcoin holding was good way to make money. However, for now price bitcoin has shot very high.
There is a sense of worry about this price, is it still strong to keep going up. Or it will show potential down.
The thread title says holding bitcoin for al long time. A few months isn't a long time!! Long time is holding for years! 2020, 6 months after next halving the price could be something around like $5k-10k!! So investing now and holding for years can be a good way to make money. But patience is needed!And strong hands!! If you can't handle the wild up and down swings during that time, it may be better put the coins away very good scured and don't come here for the next 3,5 years! Bitcoin will have several more bubbles. It's still very tiny compared to all the other markets out there. Just alone Apple could buy the actual size of the crypto market 5 times with their $250 billion cash reserves!! Let that sink in! Bitcoin is a drop in the bucket and the upside potential is huge. As well as the possibility to go down exist as well. So only invest what you can afford to lose and don't get greedy!!!
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dustboy
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May 06, 2017, 12:27:04 PM |
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Maybe for a few months earlier, bitcoin holding was good way to make money. However, for now price bitcoin has shot very high.
There is a sense of worry about this price, is it still strong to keep going up. Or it will show potential down.
The thread title says holding bitcoin for al long time. A few months isn't a long time!! Long time is holding for years! 2020, 6 months after next halving the price could be something around like $5k-10k!! So investing now and holding for years can be a good way to make money. But patience is needed!And strong hands!! If you can't handle the wild up and down swings during that time, it may be better put the coins away very good scured and don't come here for the next 3,5 years! Bitcoin will have several more bubbles. It's still very tiny compared to all the other markets out there. Just alone Apple could buy the actual size of the crypto market 5 times with their $250 billion cash reserves!! Let that sink in! Bitcoin is a drop in the bucket and the upside potential is huge. As well as the possibility to go down exist as well. So only invest what you can afford to lose and don't get greedy!!! With the recent price, holding it for more years would be so risky. Indeed, it may increase again and again but there is also a chance that the price might be down like a hell. Holding for 6months is long time already in case of to make profit. We should not only holding it for years, once there is a chance to make profit so we should trade it.
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Forbiddenone
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May 06, 2017, 12:52:31 PM |
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Maybe for a few months earlier, bitcoin holding was good way to make money. However, for now price bitcoin has shot very high.
There is a sense of worry about this price, is it still strong to keep going up. Or it will show potential down.
The thread title says holding bitcoin for al long time. A few months isn't a long time!! Long time is holding for years! 2020, 6 months after next halving the price could be something around like $5k-10k!! So investing now and holding for years can be a good way to make money. But patience is needed!And strong hands!! If you can't handle the wild up and down swings during that time, it may be better put the coins away very good scured and don't come here for the next 3,5 years! Bitcoin will have several more bubbles. It's still very tiny compared to all the other markets out there. Just alone Apple could buy the actual size of the crypto market 5 times with their $250 billion cash reserves!! Let that sink in! Bitcoin is a drop in the bucket and the upside potential is huge. As well as the possibility to go down exist as well. So only invest what you can afford to lose and don't get greedy!!! With the recent price, holding it for more years would be so risky. Indeed, it may increase again and again but there is also a chance that the price might be down like a hell. Holding for 6months is long time already in case of to make profit. We should not only holding it for years, once there is a chance to make profit so we should trade it. Holding bitcoin is beneficial for those who have good amount of bitcoin with them.for traders and quick profit seeker generally do not opt for holding.if you holding btc then convert them in eth ,it will rise high in coming years.btc is in very vulnerable stage due to high fees and delay transaction time ,it will be soon replaced by eth.
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pinggoki
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★Bitvest.io★ Play Plinko or Invest!
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May 06, 2017, 01:35:42 PM |
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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 have a point though, if you dont sell your bitcoin you would not suffer such loss because you didnt exchange it to fiat. As long as you hold it you wont suffer lose in any way and also we could wait as long as we want and we have the will on when we would sell our bitcoin as we see that the price is profitable enough to sell our coins. Correct, Holding it in a long term basis was really profitable. Just make sure that you will become patience while holding your coin whether Bitcoin or altcoin. Don't get attempt to sell it early in a small profit. Holding in a long term is good if you have a lot of extra money for bitcoin, this is good for people who set aside some amount of their retirement as we can always consider as a form of retirement. But, this is only for people who are willing to take risk as anything can happen and everyday there's a risk. As you treat this like an investment then invest what you are ready to lose since there is no definite thing that can help us to forecast whether the price will go up or down. It os better to fill yourself with the recent news regarding Bitcoin or any alt coin you have invested it that will help and guide you in making decisions and taking risks. I don’t prefer holding for a long time I love the buying and selling in short time periods. I have found it more productive for my earning. Every day the prices fluctuate and giving us a space to buy and sell our coins and this is what I do personally and I am very much satisfied with it. Holding for long time can make you disappoint with the earnings you do. Same goes for me. I prefer to run my bitcoin rather than to hold it. I trade my bitcoins on altcoins, since altcoin are now cheap this is the right time for trading. However, since the price of bitcoin is now increasing I stored the half of it for my future so that I have a money to spend when the time of needs.
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