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

[Potchi]

No doubt, hold bitcoin start from now is a good invest way!

I guess there is nothing wrong with holding or hoarding your bitcoin for a long time, just be alert that when the price rises you should convert the profit from your original bitcoin to your country's currency so you could save.

[Japinat]

No doubt, hold bitcoin start from now is a good invest way!

I guess there is nothing wrong with holding or hoarding your bitcoin for a long time, just be alert that when the price rises you should convert the profit from your original bitcoin to your country's currency so you could save.

It's your decision to hoard or to sell but make sure you will sell always at profit, also it's necessary that we will not only hold without following a good plan to sell because that is the only way where we can tell to ourselves that we are making money with investing bitcoin.
Everyone is very positive with the future of bitcoin but we also have to consider the risk of failure and we will not sell then we will fail together with bitcoin.

[Savemore]

No doubt, hold bitcoin start from now is a good invest way!

I guess there is nothing wrong with holding or hoarding your bitcoin for a long time, just be alert that when the price rises you should convert the profit from your original bitcoin to your country's currency so you could save.

It's your decision to hoard or to sell but make sure you will sell always at profit, also it's necessary that we will not only hold without following a good plan to sell because that is the only way where we can tell to ourselves that we are making money with investing bitcoin.
Everyone is very positive with the future of bitcoin but we also have to consider the risk of failure and we will not sell then we will fail together with bitcoin.

Yeah having a good plan is a very good way to have a profit. Saving and storing your bitcoins is necessary. The value of the bitcoin is continuing to rising and it is effective if we hold some of it.

[Ultrasound]

No doubt, hold bitcoin start from now is a good invest way!

I guess there is nothing wrong with holding or hoarding your bitcoin for a long time, just be alert that when the price rises you should convert the profit from your original bitcoin to your country's currency so you could save.

It's your decision to hoard or to sell but make sure you will sell always at profit, also it's necessary that we will not only hold without following a good plan to sell because that is the only way where we can tell to ourselves that we are making money with investing bitcoin.
Everyone is very positive with the future of bitcoin but we also have to consider the risk of failure and we will not sell then we will fail together with bitcoin.

Yeah having a good plan is a very good way to have a profit. Saving and storing your bitcoins is necessary. The value of the bitcoin is continuing to rising and it is effective if we hold some of it.

In the long term, yes. But in the short term, it could drop a lot due to the soft fork.

[Wildwest]

Holding Bitcoin for long time is a very safe investment. Safe because the future of this coin is very good not many people know about the existence of bitcoin. If the existence of bitcoin already known to the people that will make the popularity of these coins will be good. There will be many people who use this currency as their alternative payment tool that is very easy to use and also uses low fee.

[cotton ball]

Holding Bitcoin for long time is a very safe investment. Safe because the future of this coin is very good not many people know about the existence of bitcoin. If the existence of bitcoin already known to the people that will make the popularity of these coins will be good. There will be many people who use this currency as their alternative payment tool that is very easy to use and also uses low fee.

At first I didn't believe in anything like this, but over time I was hooked to increase the amount of bitcoin in a long time, the popularity of bitcoin unstoppable and many new people join every day. There is one thing to note in your comments, an increase in the number of users will lead to an increase in transaction costs, this will contrast with your original opinion.

[KingdomHearts]

That's like asking, is buying real estate a good investment? As with anything, market conditions and price are important. When do you buy, and at what price?

Bitcoin has so far historically, been a great investment. So has litecoin, ethereum and ripple.

Investing in Bitcoin has turned out to be a big source of earning in the past. So will it, in the future too, as it’s the most used crypto currency in the whole world. People who bought the bitcoins in 2011/2012, have become richer due to the increment in the worth of Bitcoin. The reason behind their success was long term investment and patience.

[batang_bitcoin]

Holding Bitcoin for long time is a very safe investment. Safe because the future of this coin is very good not many people know about the existence of bitcoin. If the existence of bitcoin already known to the people that will make the popularity of these coins will be good. There will be many people who use this currency as their alternative payment tool that is very easy to use and also uses low fee.

It's not that safe at all, be aware that value of bitcoin can dropped unexpectedly but I believe that it's not going to happen. Since I'm holding bitcoin I have to agree with that holding bitcoin for a longer term is a good way to grow your money but it will take a longer time before seeing the good result of it.

[Krillin61]

Holding Bitcoin for long time is a very safe investment. Safe because the future of this coin is very good not many people know about the existence of bitcoin. If the existence of bitcoin already known to the people that will make the popularity of these coins will be good. There will be many people who use this currency as their alternative payment tool that is very easy to use and also uses low fee.

It's not that safe at all, be aware that value of bitcoin can dropped unexpectedly but I believe that it's not going to happen. Since I'm holding bitcoin I have to agree with that holding bitcoin for a longer term is a good way to grow your money but it will take a longer time before seeing the good result of it.

None of any of invesment has no risk. Every investment should have a risk since the market isn't consistent thus there is a possiblity if getting deficit. As an investor, it's very important to know that so he can handle the risk of his investment.

[Kasabus]

Holding Bitcoin for long time is a very safe investment. Safe because the future of this coin is very good not many people know about the existence of bitcoin. If the existence of bitcoin already known to the people that will make the popularity of these coins will be good. There will be many people who use this currency as their alternative payment tool that is very easy to use and also uses low fee.

It's not that safe at all, be aware that value of bitcoin can dropped unexpectedly but I believe that it's not going to happen. Since I'm holding bitcoin I have to agree with that holding bitcoin for a longer term is a good way to grow your money but it will take a longer time before seeing the good result of it.

None of any of invesment has no risk. Every investment should have a risk since the market isn't consistent thus there is a possiblity if getting deficit. As an investor, it's very important to know that so he can handle the risk of his investment.

If you can handle that risk then you will have to go with it, that means the amount you invested is the amount you can afford.
What is also important is that you do due diligence when investing since it's full of risk and the way to minimize is to study what you are
investing, it's not a game but it's a serious venture.

[nasibakar]

1st rule:
You have to put a money that you can afford to loose,
why?
No guarantee.

Note: I have BTC in interesting number.

Is it good to hold Bitcoin a long time good way to make money?
Yes.
You can check the chart.
Chart never lies.

[Kersh768]

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?

Probably no. You should invest in altcoin instead since bitcoin price don't pumps shortly unlike altcoins do. Another thing why you should hold altcoins instead of bitcoin, altcoin won't dump as bitcoin pump its value. In most cases, it pumps also at bitcoin pumps it value whoch os great since you have moreopportunity of making profit.

[Nathland]

Yes, Bitcoin is showing really really good growth rates so holding Bitcoin for a long time will guaranteed you really really high returns. Bitcoin has more potential than any other altcoin so hold your coins for a long time to assure high profits.

[Avametra]

Yes, Bitcoin is showing really really good growth rates so holding Bitcoin for a long time will guaranteed you really really high returns. Bitcoin has more potential than any other altcoin so hold your coins for a long time to assure high profits.

So it was in the past - if you bought bitcoin 4 years ago and kept it, then it made you a rich man. But there is no guarantee that the next few years will bring you the same profit. Bitcoin becomes too unpredictable

[guoyu78]

patience is all what we need because investing money in bitcoin for long time is worthy, you can earn big profit on just holding your money into bitcoin. So if you can afford to buy some coins at the moment grab it and make money out of it.  I know that bitcoin will cross 5000$ so its good time to buy more now.

This is very true to be patient with your investment, when you will be patient you will be having a good control on your emotions and you will take positive decisions for your investment. It is better to invest in the bitcoin instead of keeping your money at banks or at home which will lose its value with the passage of the time, while the bitcoin can give you huge profit if you invest in it for a long term.

yes its true, as we know that in past, the worth of bit coin increased very quickly, and when bit coin was at initial stage, people who bought bit coins are now millionaires. So patient and right decision is the key to success!!

[matchi2011]

patience is all what we need because investing money in bitcoin for long time is worthy, you can earn big profit on just holding your money into bitcoin. So if you can afford to buy some coins at the moment grab it and make money out of it.  I know that bitcoin will cross 5000$ so its good time to buy more now.

This is very true to be patient with your investment, when you will be patient you will be having a good control on your emotions and you will take positive decisions for your investment. It is better to invest in the bitcoin instead of keeping your money at banks or at home which will lose its value with the passage of the time, while the bitcoin can give you huge profit if you invest in it for a long term.

yes its true, as we know that in past, the worth of bit coin increased very quickly, and when bit coin was at initial stage, people who bought bit coins are now millionaires. So patient and right decision is the key to success!!

Holding btc has always been a good way to earn whether it's short time or long time. Of course if you hold longer, the bigger your earnings would be. Just ask those people who've become richer this year just by holding on to their btcs since last year. As of now btc is about earning. Waiting for the right time to sell with profit would be the challenge for anyone but with btc, it won't be that hard to decide on compared to other altcoins.

[meebs]

patience is all what we need because investing money in bitcoin for long time is worthy, you can earn big profit on just holding your money into bitcoin. So if you can afford to buy some coins at the moment grab it and make money out of it.  I know that bitcoin will cross 5000$ so its good time to buy more now.

This is very true to be patient with your investment, when you will be patient you will be having a good control on your emotions and you will take positive decisions for your investment. It is better to invest in the bitcoin instead of keeping your money at banks or at home which will lose its value with the passage of the time, while the bitcoin can give you huge profit if you invest in it for a long term.

yes its true, as we know that in past, the worth of bit coin increased very quickly, and when bit coin was at initial stage, people who bought bit coins are now millionaires. So patient and right decision is the key to success!!

Holding btc has always been a good way to earn whether it's short time or long time. Of course if you hold longer, the bigger your earnings would be. Just ask those people who've become richer this year just by holding on to their btcs since last year. As of now btc is about earning. Waiting for the right time to sell with profit would be the challenge for anyone but with btc, it won't be that hard to decide on compared to other altcoins.

Not every time holding can give you good profits as people who didn't sell their coins when price touched $2900 hoping that it will go even higher would be surely regretting now for not selling their coins at that time as now one knows when bitcoin will again achieve that price.

[Targusluxe]

Yeah maybe it is good to make money but for me holding it for a long time is not worth it. Why dont you try to trade your bitcoin in cryptocurrency trading. But be educated when you go to trading because being rich is on to your actions and decisions.

[freedomno1]

Keep holding it until you make money may seem like a silly way to do it, but it works.
Even now with the dropping price I presume anyone who holds on for a few more years will see a great return on their investment.
See 2013 peak took a while but those peak positions are still well into ROI.

[Reid]

Keep holding it until you make money may seem like a silly way to do it, but it works.
Even now with the dropping price I presume anyone who holds on for a few more years will see a great return on their investment.
See 2013 peak took a while but those peak positions are still well into ROI.

Works like a charm. ROI will always be there plus more with just patience.
Dont be down with the simple fall of a hundred dollars which is just normal with bitcoin price.
Being optimistic with bitcoin is the only way to make profit out of it.
Those who have a weak heart cannot take it thinking with just a mere fall they will withdraw already. Just like what is happening now.