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

[Razzoel]

In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

Agree but to be honest when the panic selling wave comes in to the market picture, it is very difficult for an new investors to keep calm and stay with his holdings. It works like domino and thus price falls drastically. Ideally, if someone has bought bitcoins for the long term then he should not worry about short term market movements. I used to find myself in panic selling wave in first few weeks of my investing.

The best practice is to not look at the prices, which is hard to do. Seeing the price change is what makes us emotional. it takes a lot of patience to be able to hold an investment and not look at the price. Just remember that if everyone is selling, you should be looking to buy more at lower prices.

[jerowacik]

In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

I agree with you . Doing bitcoin holding at this time can make us get a good profit. We all know that bitcoin prices will increase every day.
This is what we should use. Because in the future it is predicted that bitcoin prices will be fantastic.

[Rizky Aditya]

Holding bitcoin has historically been a good way to make money, whether it still is I'm not sure but since I don't have any particularly useful skills my only strategy to make money is holding bitcoin and altcoins long term.

yes you are right holding bitcoin for a long time is a good way to make money because the price of bitcoin is now increasing and will make a good profit for those who hold bitcoin, and i think holding bitcoin for a long time is better than investing your money in some other investing site because sometimes the investing sites are not legit.

[gabmen]

Holding bitcoin has historically been a good way to make money, whether it still is I'm not sure but since I don't have any particularly useful skills my only strategy to make money is holding bitcoin and altcoins long term.

yes you are right holding bitcoin for a long time is a good way to make money because the price of bitcoin is now increasing and will make a good profit for those who hold bitcoin, and i think holding bitcoin for a long time is better than investing your money in some other investing site because sometimes the investing sites are not legit.

It still is a good way of earning big money though you have to be rrally patient if you want to have bigger earnings. I think there are a few people who stuck to holding on to their btcs from 5 years ago and those who were that patient are reaping the rewards right now and may even be poised to earn a lot more if they hold for a longer time

[Biggapp]

In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

I agree with you . Doing bitcoin holding at this time can make us get a good profit. We all know that bitcoin prices will increase every day.
This is what we should use. Because in the future it is predicted that bitcoin prices will be fantastic.

yes you are right it is a very good idea to hold bitcoin in order to make a big profit because in two last year the price of bitcoin was very low and if somebody hold bitcoin from that time then imagine how much profit he would make at this time, and also in next coming years the price of bitcoin will pump.

[Dudeperfect]

In investing terms you need to keep holding it and wait patiently for the good price, you dont need to sell it after you buy. Just like gold, it is more expendive in the future. You dont need to make rush but you need to wait. Wait for the coming better price in the future. Holding bitcoin in a long time is a good way to make money. It is so obvious in the question. So, it is better to hold.

Agree but to be honest when the panic selling wave comes in to the market picture, it is very difficult for an new investors to keep calm and stay with his holdings. It works like domino and thus price falls drastically. Ideally, if someone has bought bitcoins for the long term then he should not worry about short term market movements. I used to find myself in panic selling wave in first few weeks of my investing.

The best practice is to not look at the prices, which is hard to do. Seeing the price change is what makes us emotional. it takes a lot of patience to be able to hold an investment and not look at the price. Just remember that if everyone is selling, you should be looking to buy more at lower prices.

To be honest, when a person is emotionally prepared to face the situation then it really doesn't matter if he is regularly checking the prices or not. However, if the invested capital or the expected returns are associated with the living of the investor then it would be difficult for him to stay away from monitoring the situation.

[GoodLuck2]

holding bitcoin a long period time that is the best way to make money.
i invested in bitcoin in november 2016 and never withdraw my coin untill now.

Wow that's great that you have invested money in bitcoin and have not withdraw until now, your money will very increase in future and it will be very beneficial because the price of bitcoin will be also very high in future and I also hold those bitcoin which i have earned through signature campaign because the price of bitcoin will be increase in future.

[Superways]

Holding bitcoin has historically been a good way to make money, whether it still is I'm not sure but since I don't have any particularly useful skills my only strategy to make money is holding bitcoin and altcoins long term.

Making money with bitcoin holding for longer term is a good decision but I do not think that holding altcoin for longer term will benefit you as the base of altcoin is not stronger and anytime they can crash while bitcoin cannot crash because of its wide use. Try to invest in bitcoin for longer term.

[litaf]

bitcoin has a lot of room to grow still. Holding bitcoin is definitely a smart choice to make. I think after Australia adopts bitcoins, other countries will soon follow suite and bitcoin adoption will soar globally giving rise to bitcoin prices.

[Sled]

bitcoin has a lot of room to grow still. Holding bitcoin is definitely a smart choice to make. I think after Australia adopts bitcoins, other countries will soon follow suite and bitcoin adoption will soar globally giving rise to bitcoin prices.

That is why holding bitcoin is the best right now because a lot of countries are in the line that just waiting for bitcoin to be adopted and after that adoptions then the price will get higher and higher and soon we will see a very expensive bitcoin which is the best for us holders for long term.

[Fatanut]

Holding bitcoin has historically been a good way to make money, whether it still is I'm not sure but since I don't have any particularly useful skills my only strategy to make money is holding bitcoin and altcoins long term.

Making money with bitcoin holding for longer term is a good decision but I do not think that holding altcoin for longer term will benefit you as the base of altcoin is not stronger and anytime they can crash while bitcoin cannot crash because of its wide use. Try to invest in bitcoin for longer term.

That is why you need to always have an exit point. When you hold altcoins for a long time, doesn't mean that you're going to hold it forever. Always check for updates. Sometimes the developers of the coin have something more to offer under their sleeves. Another thing, you have to be content with your profits. Even if you hold the coin for a long time, if the market is dead, then it's just dead. Coins live off with hypes. When your coin don't get hyped, then that's just it. Sell your coins and move on to another coin to hold for a while.

In simpler terms, you don't have to settle with one coin. Move your investment to another even if you hold the coin for a long time yet you're just getting a small profit.

[Dudeperfect]

bitcoin has a lot of room to grow still. Holding bitcoin is definitely a smart choice to make. I think after Australia adopts bitcoins, other countries will soon follow suite and bitcoin adoption will soar globally giving rise to bitcoin prices.

I agree that bitcoin has a lot of potential and holding would definitely pay off in the future but I think we should hold 50% of the funds that we acquire and on the other hand we should spend 50% of the funds to contribute to the movement of the bitcoin. It will strengthen the network and indirectly the funds held by us.

[Angel777]

Yes its the best way of holding a bitcoin for saving money.In the bank if you save money theres an interest,but bitcoin multiplies your savings if bitcoin price is expensive.If you save bitcoin its like you are in trading business.Your money multiples.

[Viyamore]

Yes its the best way of holding a bitcoin for saving money.In the bank if you save money theres an interest,but bitcoin multiplies your savings if bitcoin price is expensive.If you save bitcoin its like you are in trading business.Your money multiples.

Ofcourse and that is the big difference .You are in control of your bitcoins anytime you can withdraw or spend it but if we talk about long term surr thing is we can make good amount on it if we have a much more bitcoins to stake in wallet.

[raven7886]

Holding bitcoin has historically been a good way to make money, whether it still is I'm not sure but since I don't have any particularly useful skills my only strategy to make money is holding bitcoin and altcoins long term.

Yeah true I agree it is definitely a good way to make money. When you are looking into long term to achieve your goals it definitely works and with the increasing demand and the acceptance it is now clear to the world that the bitcoin have a great potential to make you rich enough. Honestly speaking it is too easy to be understand by even a lay man.

[swogerino]

There are examples why this is a perfect way to make money. In 2013 price spiked at 1100 dollars for a bitcoin, then it had ups and downs until late 2016 early 2017 where the price skyrocketed and reached an all time high of more than 2750 dollars for a bitcoin. If you had 10 bitcoins in 2013 they were worth then 11.000 dollars, if you have it right now with the actual price of 2500 dollars for a bitcoin you have 25000 dollars. That is a 14.000 dollars difference. Surely this is a good way to make money.

[voltesbit777]

Bitcoin is a great investment but even the best investments can lose money if your timing is wrong, if you bought when bitcoin was 1000+ then even now you are still in problems if you timed your exit right you secured a good profit, so while bitcoin is in my opinion the investment of the century, you still need to use your common sense.

True you have to have timing. Alot of people just think it's buying bitcoin and being braindead after that but you actually have to do some kind of effort to maximize profits. Be sure to buy when they are low and starting to go up this is when most profit will be made.

Indeed, bitcoin was a good assets and business investment too. So holding it is not a bad things to do, instead it is a good good choice to do due to its for the future for every believers of bitcoin community.

[batang_bitcoin]

Yes its the best way of holding a bitcoin for saving money.In the bank if you save money theres an interest,but bitcoin multiplies your savings if bitcoin price is expensive.If you save bitcoin its like you are in trading business.Your money multiples.

That's the good thing in bitcoin, we can treat our profit as the price increases we are along with that pump. And the possible profit we can get from holding bitcoin is not limited because we can have a better amount when we keep on holding. The longer the more profit you'll get because as the day goes, many are adopting and investing to bitcoin that makes the price climb.

[Fatanut]

There are examples why this is a perfect way to make money. In 2013 price spiked at 1100 dollars for a bitcoin, then it had ups and downs until late 2016 early 2017 where the price skyrocketed and reached an all time high of more than 2750 dollars for a bitcoin. If you had 10 bitcoins in 2013 they were worth then 11.000 dollars, if you have it right now with the actual price of 2500 dollars for a bitcoin you have 25000 dollars. That is a 14.000 dollars difference. Surely this is a good way to make money.

It is a good way to make money only if you have other sources of income. Otherwise, you would either get tons of debt or sell even when you're going to lose money. What I do is that I hold most of my bitcoins and then withdraw some of them as time pass by just so I can pay for daily expenses. There are also times when I do major purchases. I know it's not a good thing to do when your money is on bitcoins because you lose the opportunity to sell at a higher price. Oh well, that's just how it is.

Holding all of your bitcoins is kind of hard to do if you don't have other sources of money.

[gribble]

Yes its the best way of holding a bitcoin for saving money.In the bank if you save money theres an interest,but bitcoin multiplies your savings if bitcoin price is expensive.If you save bitcoin its like you are in trading business.Your money multiples.

Holding bitcoins a long time is good way to save the value of money in bitcoins
bitcoins will protect the value but it will not gives income holding bitcoins a long time
the good way to makes money with bitcoins is trading on digital coins,
but it will not be easy makes money with trading.