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

[Geemy]

yes i think that , and we see it happen in last 7 years .

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[cryptofangl]

Risky stuff, Satoshi Nakamato has a big part of all the bitcoins. He can dump it any time.

I thought about it, too. We do not know the main owners. What can happen.

[Python2.5]

Bitcoin price going up and down but I think this is the moment where holding bitcoin effort makes you profit.

[vurasasog]

Bitcoin price going up and down but I think this is the moment where holding bitcoin effort makes you profit.

Sometimes, if you trade the bitcoin against a good altcoin, you might make more profit.

[Rooster101]

Holding a bitcoin for a long time might benefit you in the long run considering the continued appreciation of its price. Many people who invested in bitcoins for the past several years has been benefited for holding it for a long time. If you have no time for trading or fearing some risks in an online business, holding a bitcoin a good option if not the best.

[Isabella09]

Investing on bitcoin for long term is always best option. Bitcoin is raising up and up more people are joining into community either trading with bitcoin or use it as an investment. May it is riskful in trading with short term. But in long term bitcoin is very good decision for investment.

[tenkuna]

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?

I do not appreciate holding a bitcoin for long periods of time. If you hole you should cut the hole at a reasonable level. and continue to wait price bitcoin drop sharply. After feeling the price is bottom, you just buy bitcoin

[MuhNofa]

if you want to buy or invest in bitcoin wait for the right time to buy because now bitcoin is on the rise so I suggest do not buy now buy when the price back to the beginning or when there is a dump

[spngebob]

if you want to buy or invest in bitcoin wait for the right time to buy because now bitcoin is on the rise so I suggest do not buy now buy when the price back to the beginning or when there is a dump

What if price doesn't come back and bitcoin keep raising its value?
Price went over 6000$, then it was under 5500$ and as i see it is above 5900$.
If someone wan't to invest in bitcoin now is good time in my opinion.

[Gheka]

Holding a bitcoin for a long time might benefit you in the long run considering the continued appreciation of its price. Many people who invested in bitcoins for the past several years has been benefited for holding it for a long time. If you have no time for trading or fearing some risks in an online business, holding a bitcoin a good option if not the best.

Yeah, I agree with you that if we do not have time to trade or are afraid of risk in trading, holding bitcoin in the long run will be a good choice for us, even it is the safest option but we will miss many opportunities to earn more bitcoin and we are wasting a lot of time for holding. So I think we should have a strategy with trading bitcoin, it will not need too much time, we just need to sell bitcoin at the highest possible price then wait and buy at the lowest price possible, this is a strategy that many people are using, it is not too difficult and profit is much better than holding the bitcoin and waiting for long time

[Alphagog]

yes i think that , and we see it happen in last 7 years .

This is the easiest way of making money these days i.e. just hold bitcoin in your wallets and forget them for months. Bitcoin is at present at the peak of its market career or you can say is growing exponentially in current scenario. This is the right time of buying bitcoiners and saving it for future purposes because I believe that bitcoin will keep increasing in prices until they’re not all mined out.

[bling-bling]

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?

I believe it is since a lot have already profited big time due to Bitcoin holding. And more people now a days are into it because they have fully understood its potentials.

[AtlantaFive]

Yes it will give us or you a good profit in the future however it will not go in an instant. You will wait for months or years if bitcoin price will up. Just like what happen today or this year the price of the bitcoin reach another milestone. If you have bought bitcoin in the past year. For example if you bought in the year 2012 and you just hold it till now. Your patience in waiting for the price to go high will be paid off.

[nano77]

Holding a bitcoin for a long time might benefit you in the long run considering the continued appreciation of its price. Many people who invested in bitcoins for the past several years has been benefited for holding it for a long time. If you have no time for trading or fearing some risks in an online business, holding a bitcoin a good option if not the best.

holding bitcoin for a long time may be profitable but you will get it for a long time too, you better use for trading, sell at high price and buy again when the price goes down but if you do not have good strategy and skill you will get loss, so if you also do not have time to trade it is better to hold it for a long time

[richcorner100]

In my opinion yes, because by holding Bitcoin can be more profitable than day trading and the risk also lower than day trading. If you dont have time to trade and dont have knowledge about day trading for the better just holding Bitcoin. More profitable and less risk.

[posi]

Risky stuff, Satoshi Nakamato has a big part of all the bitcoins. He can dump it any time.

I thought about it, too. We do not know the main owners. What can happen.

Only good things will happen mate. Do you know or remember the reason why Satoshi created bitcoin in the first? He created it to be decentralized, to save people from the inflation and to gave financial freedom. So why would he destroy what he has done? It make no sense.

I advice to hold many bitcoin as possible and be gald in more years to come.

[Barcode_]

Many traders are predicting the prices of bitcoin to become at least 100K usd per bitcoin, I am not sure if it is possible for this prediction to happen in the future, but looking at how bitcoin values kept on rising constantly over the years, I would say holding bitcoin seems to be a good long term investment.

[A Fahriz Thiago]

Yes of course, since the beginning of the year until now the trend of bitcoin prices tends to go upward.

[musharaf]

In my opinion yes bitcoin keeping for a long time is profitable and it makes the people rich who want to trade these currencies and they want to invest in this currency for now the successful currency and high market value of this currency both are good features of this currency. if you keep it for one year it will return you good amount instead if you deposit the amount in a bank.

[mega]

once you invest you must take a time for fruitful profit,Bitcoins prices are variable once go down try to buy more and hold it, when  feel you are earning more than cost you  sell it.if you are holding patiently you will earn fruitful profit.Main purpose of investing your time is to make money so focus on profit and at good time convert your bitcoin in profitable money.