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

[khan149]

My opinion is that it is better to hold Bitcoin.Bitcoin can not get good profits very soon.Hopefully good profits are possible if you hold for a few years.Bitcoin's demand is increasing day by day.Bitcoin is becoming popular among people day by day.

[1713518567]

1713518567

[xitrum]

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 that at the moment the market is in a downturn, so if you buy and hold a bitcoin for a long time it will be very dangerous. You can see that the market is showing signs of crisis, so the damage will be huge if you do not have specific investment plans and clear risk management. At present bitcoin prices are fluctuating in very small quantities so you should trade to altcoin.

[moshk555]

Its one of the best way to make huge money I am doing the same holding bitcoin from 700$ and earning good amount of money in this crypto world. And I am very happy by doing that.

[Rufsilf]

It could be, however, there might be a time when btc will have no more value. Holding a btc for a long time and waiting for it's value to increase is good but you should think first if you'll keep it for a long time. Who knows if btc loses it's value? Things aren't permanent and so is the value of btc. It is a good way of investment but the value is still risky.

[GlobitexOfficial]

Simply observe historical markets. I don't know what rate of return you are expecting, but you would have experienced double digit gains all years (this is a serious understatement) if you had simply purchased Bitcoin or Ethereum, and stuck it in a wallet someone out of reach. This may not always be the case, as regulatory efforts ramp up and affect sentiment in the markets.

[sensimilia]

The main rule of profitable trading and holding bitcoin is to buy it at the lower price and then sell at the higher price.

[feelideb]

Holding bitcoin longterm is better than trading short term. The market history and do experience has shown time and again that bitcoin do well in the long term compare to short term holding or trading.

[B{o}T]

Definately holding bitcoin for long term is the good way to earn or make your money. And you can try also holding eth for make money like btc

[Lauff]

Well, I think it's very good for storing bitcoin in a long time just to make money. it has also been included in saving money, especially if you do it by searching for bitcoin and money, well, I guess it will quickly make you rich. but it is very difficult to do that.

You must follow the Bitcoin price. if you are not familiar with coins, you could lose money, it is true that it is possible to make money by holding on to bitcoin, but at the same time you are also talking of risk

[lrdeoliveira]

I believe that trading is also about luck A successful short trade can only be done if the price of bitcoin increased shortly after you bought them. For example, the people that bought bitcoins before the price went up to 1,100$ after just a couple of days. They didn't study anything at all. They just got lucky that at the time they bought their coins the price went up dramatically. You can say that the timing was good or something but it's actually just luck since you don't know when exactly would the price of bitcoin go up.

But since not all of us gets lucky like this, most of us end up holding bitcoins for a long time even when some of us really wanted to just do some short trade and then exit the scene with their profit.

[kramr]

If there is no other option to earn money then holding bitcoin is a good idea, I mean holding for few or more years. Consider that you invested in something and forget about that for few years.

[GelsoAM]

Yes, but if you area too impatient in holding that profit you are thinking will be nothing and worse you loose alot of bitcoins if you are too impatient.

[micheal wang]

Holding bitcoin longterm is better than trading short term. The market history and do experience has shown time and again that bitcoin do well in the long term compare to short term holding or trading.

It's wrong statement for me, because eith a short term investment is good also for getting money. The price bitcoin is volatile sometime the price will goes up and sometime will goes down. For example, I buy bitcoin when the price $10000 and just for one month bitcoin price up to $12.000 and I sell in $12.000 and the crash happen make  a price down until $10.000 and I buy again ehen the price $10000. With the result that I get profit $2000 just in one month. So, for me invested in bitcoin is good for short term or for long term investment.

[worldinvestico]

Probably, yes! I know lots of people, who managed to become rich waiting for long time!

[PIMPdev]

For this purpose you need to investigate the market and price changes charts and you’ll see the tendency that weekends are the most unstable time and perfect for throwing your bitcoins. Posess your coins for a long period.

[hawkins]

For this purpose you need to investigate the market and price changes charts and you’ll see the tendency that weekends are the most unstable time and perfect for throwing your bitcoins. Posess your coins for a long period.

well, holding a coin in a long time really really have a great chance to get profit. but, very difficult to do that, even more so if there is panic sell. it will be useful when you manage to hold the coins you have until the end of the year.

[dutchkay]

I always believed in long term holding, it always brings the most profit that's if you van have the patience to hold that long. Though some believe in margin trading and cutting their profit immediately and waiting to enter back at a better and lower price. Seeing bitcoin price dips it's always a disaster and makes most not to hold long term. But like I said earlier long term pays so far you can have the patience.

[parthgajjar]

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 that at the moment you only trade short, can see that bitcoin prices in the past few days are constantly fluctuating and difficult to guess. The market is in serious crisis after bitcoin prices are constantly falling. So you trade at this time is extremely risky, bitcoin prices may continue to fall deeper, so you will lose and freeze capital for a long time.

[lanalang]

Yes, it is a good way to earn more money. But he held more risk if you hold him during long term, you have to be more informed on the level of market prices every day. If you are bitcoin the analyzer, then you can earn from one investment.

[sensimilia]

There are boosts in price and periods of comparative stability. You should look at the charts and you can achieve much profit in a short period when such increase occurs. In other cases bitcoin is a long-time investment.