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

[Souldream]

May be keeping what you have now for a little bit more time can be a good way instead of panic selling

I admit that sometimes I came to this feeling of panic selling when I saw that the value of bitcoin is huge but then after that I realized that I should have to hold it for a quite long term. But then what's done is done, and I just plan to make it happen this time where the price of bitcoin isn't that high  enough to be profitable.

[NeoTech42]

The best strategy is to buy at dip and sell at high price but it's really difficult to do it.
Anyway, holding Bitcoin for a long time (10-15 years) makes sure that the Bitcoin price will increase.

[conected]

Yes. It is recommended to buy bitcoin now while its price is still low. probably months after,the price will increase again like what happened last year. I believe bitcoin price will pump up not only for months but for a long time. It is actually a good way to make money because bitcoin is profitable unlike other type of investment.

- Sure, Bitcoin is a great way for us to make money, this is one thing that anyone who has been associated with bitcoin for a long time, they will know, the value of bitcoin always goes up and goes up, we hold it for a long time, we will get more profit. However, the time for us to hold bitcoin should not be too long, we should continuously buy low, sell high to optimize profits, holding Bitcoin too long just makes us limited in making money, the chances around bitcoin are many, should not be missed

[reymartH]

 if you want to earn money using Bitcoin then you have big pocket full of notes because it not that much cheap. Whenever there is slowing down in economy then buying Bitcoin will be the good option and remember that holding Bitcoin is always for long term purpose not for short term.

[tatum506]

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 think this is a great question! Nowadays many countries have accepted bitcoin as a legal currency, a legal asset and taxable. South Korea "[Korea will apply a 24.2% tax on electronic money trading platform]
Bithumb, Korbit, Coinone, and other crypto trading platforms in Korea are required to pay taxes on profits they earned in 2017 (estimated at $ 300 million). April. According to Hankoyreh, the trading floors pay 24% of their tax returns.
According to the law, all companies earning more than 20 billion won (about 424.7 billion dong) must pay a 22 percent corporate income tax and 2.2 percent local income tax. "

[white.raiden]

Yes. It is recommended to buy bitcoin now while its price is still low. probably months after,the price will increase again like what happened last year. I believe bitcoin price will pump up not only for months but for a long time. It is actually a good way to make money because bitcoin is profitable unlike other type of investment.

[LigwagGanern]

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?

In my opinion, holding bitcoins for a long time is the best thing you could do you know. There are a lot of people doing it the only thing what makes it difference. Is that when you only hold your coins there are no coins spending and spending coins make price increases that is really important for the bitcoin.

[Ayaancool]

Yes it's a good way to make more money.But it held more risk ,if you are holding it for long term you should be more aware about the each and every day's market  price level. If you are a bitcoin analyser then you may earn the most from the single investment.

[Xetonica]

If you have a bitcoin in your hand it is good for you because it is not easy to get bitcoin, if i had bitcoin i will hold it for a long time and such time the price of bitcoin will convince me to sell it in that time.

[Dimonhamon]

I agree with your opinion.If you have bitcoin it should be HOLD.

[blatchcorn]

well, in the world btc is spreading everywhere and the almost people of % is going up from the starting who people are connected with btc they had done good work with the btc and made the good profit if people had buy and doing invest there it mean they are buying at right time and selling it on good situation to make the good profit when they ones the capital comes to people then people thinks they should more invest, i have done the same thing buy and keep it on the  hold then sold out it the speculation of the crypto should be good and understood after that people can take good decision and can take good advantage from it.

[Pamadar]

I agree with your opinion.If you have bitcoin it should be HOLD.

If you believe in this system, much prefer to hold and wait. Bitcoin is not yet been so popular like golds and other commodity where people invest their money. If you would see the big potential where bitcoin can bring your investment, then you will keep it and hold until it reaches your target value. Those
people who are able to hold from the time bitcoin was introduced are now harvesting the fruit of their long wait.

[Viscore]

I agree with your opinion.If you have bitcoin it should be HOLD.

Not everyone will really hold bitcoin for long term because it has bigger risk as we do not really know what will happen in the long run.
In my case, I made sure I have a short term investment and long term investment and it has to be properly allocated from my total assets, also
I make money from day trading as the market volatility really gives a chance to make more profit.

[logan16j]

If people store their bitcoins in their wallet then with the lower supply and high demand the price of bitcoin will rise up. We jsut need to store our extra money as bitcoin for longer time and have to use the remaining in bitcoin market for our purchases and transactions. You are right holding bitcoin will not generate bitcoins but will increase our money invested in these bitcoins, and the other point is that if a person do not have any larger capital for investment then they can invest the available minimum capital also as sometimes we see a bigger boost in bitcoin and with that even those people with lower amount of bitcoin also earn some good profit

[gerald246kru]

Who knows after a month or a year it will again in the high rate or more. Saving it won't cause you any harm but it's just my own opinion, we decide on our own, so the decision is still in yours whether you save it or not. Holding your bitcoin for a period of time is well good enough for an investment.  But still it depends on the quantity of btc you are holding with

[beverly788113]

You said that it requires patience, but your suggestion is not a patient way on trading. Sell it immediately if the price down. That all kind of investment are risky but to me long term investment is less risky as compare to short term investment, and is  also more profitable, but if you are going for long term investment then you have to invest a good amount of bitcoin as you have to wait for a long time therefor it is good to invest some good amount so a as to get a good profit in return

[coinscircle]

Put some in coldstorage. But for Bitcoin to succeed I also think you should use them, to buy, trade etc.

I think we can buy and hold long term to make a profit. At the moment, bitcoin's price is so great that we can buy it, at present the price of bitcoin is at $ 10,000 while only four weeks of the price of a bitocin has reached $ 20000. So rest assured and buy bitcoin when the next contract will be signed.
Good luck

[miang]

although holding bitcoin for the future is a good (or better said easy) option for profiting i think in order to make good money the better option is to trade bitcoin or if you can find any kink of investment option that is legit, investment is a good option too.

[hxk451]

It can be beneficial for you to profit yet I don't figure individuals would be exceptionally content with you if everybody is simply holding coins at that long time the cost of the BTC won't rise assign just fall a little on the off chance that we don't spent them.

[Birin016]

Holding is good in a long term, any kind of investment is good in the long term if the root of the project is capable enough. I think holding is good but at the same time from business person's point of view, it's termed as waste of funds. Like you don't put much of use, it just stays in your wallet. You don't put it's potential, it's efficiency to much use when you hold. So what I prefer to do is trade bitcoin with all coins and whenever I get a profit, I convert it to bitcoin. And when the price falls of bitcoin I just reinvest.