gregyoung14
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February 01, 2016, 12:12:14 PM |
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I hear people talking about holding Bitcoin as long term investment and such, but what is long term for you?
I personally find long term to be at least 2 years where I hold my coins without touching them.
Periods under 3 months are short term investments 3 months to 1 year is a mid length investment Over 1 year is a fairly long term investment 3 years + Example holding on to oil stocks until the economy picks up again and those shares start rallying is a long term investment. Bitcoin anything over a week is a long term investment if your trading lol. Yea i have to say that's the idea of it all. Diversify your investments. You can't have all of them in one place..
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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Coogan
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February 01, 2016, 12:32:56 PM |
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Personally I consider it a few years. 3-5 years is what I plan to hold for. I think bitcoin does have a very good chance of becoming a very big payment network as an alternative to the mainstream but if so this is going to take time so I think it's worth holding. I think another economic collapse will probably happen in the same time frame so it will be interesting to see what effect that has on bitcoin.
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Herbert2020
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February 01, 2016, 01:26:08 PM |
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when it comes to bitcoin, long term for becomes a little complicated for me. i am considering holding my bitcoin for more than 10-15 years but at the same time if the price goes to all time high the chances of me breaking this rule of mine is high, in other words it might become less than a year!
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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phreaky
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February 01, 2016, 04:08:03 PM |
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For me the term is most likely for 10 years, sometimes I hear people say its about 5 years but I think that's to short. Its named long term for a reason so I think its 10 years or more.
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richardsNY
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February 01, 2016, 07:07:42 PM |
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when it comes to bitcoin, long term for becomes a little complicated for me. i am considering holding my bitcoin for more than 10-15 years but at the same time if the price goes to all time high the chances of me breaking this rule of mine is high, in other words it might become less than a year!
I think most of the people who are saying that they will not sell any of their coins the comming years will definitely do so when they see the price reach a new high this year. I think I will also sell a certain percentage just to take profit. The majority of my coins will be kept offline till 3 to 5 years from now.
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gentlemand
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Welt Am Draht
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February 01, 2016, 07:11:48 PM |
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I think most of the people who are saying that they will not sell any of their coins the comming years will definitely do so when they see the price reach a new high this year. I think I will also sell a certain percentage just to take profit. The majority of my coins will be kept offline till 3 to 5 years from now.
I think much depends on when they were bought. If you got in at the start of last year sub $200 then you may as well reap some benefits. There are plenty more who are probably still in the red and have decided to sit out the extreme long haul if they've survived this long. If there was a new ATH I doubt I'd do anything other than enjoy it.
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600watt
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February 01, 2016, 09:19:58 PM |
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For bitcoin 3 months is very long. For stocks 3 years is quite long. So it depends on the time.
3 months is nothing for a serious Bitcoin holder. For people who are chasing quick profits 3 months can be seen as very long. Even 1 month is long for them. I don't count these people as Bitcoin holders. Heh, 90% of the time, a week is far too long for my trading account. It's a different story for my cold storage, but those are essentially free so they will be in profit as long as someone is willing to pay any amount for them. As such, They can sit, basically forgotten about for a long ass time. Probably 5 digits somewhere. I haven't decided on my "Good enough" price yet you hold a 5 digit btc stash being bearish? in what kind of area will the "good-enough" price be? $ 2k ? or much higher/lower? (if you mind telling)
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RyNinDaCleM
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Legen -wait for it- dary
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February 01, 2016, 10:57:13 PM |
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For bitcoin 3 months is very long. For stocks 3 years is quite long. So it depends on the time.
3 months is nothing for a serious Bitcoin holder. For people who are chasing quick profits 3 months can be seen as very long. Even 1 month is long for them. I don't count these people as Bitcoin holders. Heh, 90% of the time, a week is far too long for my trading account. It's a different story for my cold storage, but those are essentially free so they will be in profit as long as someone is willing to pay any amount for them. As such, They can sit, basically forgotten about for a long ass time. Probably 5 digits somewhere. I haven't decided on my "Good enough" price yet you hold a 5 digit btc stash being bearish? in what kind of area will the "good-enough" price be? $ 2k ? or much higher/lower? (if you mind telling) Likely a punctuation fail on my part... Cold storage isn't quite 5 digits yet. I meant a 5 digit price will be a good enough time but I haven't decided where between 10k and 99.9k
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y8tvkid
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February 02, 2016, 12:17:46 AM |
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when it comes to bitcoin, long term for becomes a little complicated for me. i am considering holding my bitcoin for more than 10-15 years but at the same time if the price goes to all time high the chances of me breaking this rule of mine is high, in other words it might become less than a year!
I think most of the people who are saying that they will not sell any of their coins the comming years will definitely do so when they see the price reach a new high this year. I think I will also sell a certain percentage just to take profit. The majority of my coins will be kept offline till 3 to 5 years from now. That's the right thing to do, never sell all your bitcoins as we never know what would be the price of bitcoins in future, and I am very much sure that if the value of btc reaches $1k then everyone of us will sell atleast a part of bitcoins as everyone wants make some profit out of it.
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600watt
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February 02, 2016, 10:50:14 AM |
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For bitcoin 3 months is very long. For stocks 3 years is quite long. So it depends on the time.
3 months is nothing for a serious Bitcoin holder. For people who are chasing quick profits 3 months can be seen as very long. Even 1 month is long for them. I don't count these people as Bitcoin holders. Heh, 90% of the time, a week is far too long for my trading account. It's a different story for my cold storage, but those are essentially free so they will be in profit as long as someone is willing to pay any amount for them. As such, They can sit, basically forgotten about for a long ass time. Probably 5 digits somewhere. I haven't decided on my "Good enough" price yet you hold a 5 digit btc stash being bearish? in what kind of area will the "good-enough" price be? $ 2k ? or much higher/lower? (if you mind telling) Likely a punctuation fail on my part... Cold storage isn't quite 5 digits yet. I meant a 5 digit price will be a good enough time but I haven't decided where between 10k and 99.9k i took my pocket calculator and played around with figures concerning my cold storage and decided that i am with you on this one. somewhere in that range.
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italianobitcoin
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Forza Italia
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February 03, 2016, 09:39:28 AM |
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I consider something i could use my whole life as a long term investment.
A house as example.
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BitHodler (OP)
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February 03, 2016, 11:36:08 AM |
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I consider something i could use my whole life as a long term investment.
A house as example.
I was more talking about Bitcoin as investment but a house is most definitely what I consider to be a long term investment.
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BSV is not the real Bcash. Bcash is the real Bcash.
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randy8777
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February 03, 2016, 01:30:17 PM |
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I consider something i could use my whole life as a long term investment.
A house as example.
I was more talking about Bitcoin as investment but a house is most definitely what I consider to be a long term investment. is it still considered an investment if you plan to live in the house you bought for your entire life? i consider an investment to be something that you plan to sell at a later point for a profit.
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BitcoinHodler
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February 03, 2016, 02:58:15 PM |
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since i am a bitcoin hodler , long term is about 10 years for me.
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Holding Bitcoin More Every Day
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HostSurf
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February 03, 2016, 03:45:02 PM |
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A long term investment would be something i will get profit from for years . Something I would be getting profit from for the next 15-20 years.
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Pollak
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Pollak
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February 03, 2016, 03:57:51 PM |
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If you do a long term investment, I am talking about 10 years. Its the best way to invest in long term because the bitcoin will rise in his years.
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LuckyYOU
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February 03, 2016, 04:10:13 PM |
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If you do a long term investment its mostly 10 years. Also long term investments are pretty nice to have. The bitcoin will rise to a high price so that's a plus point for your bitcoins on long term.
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rtrtcrypto
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February 03, 2016, 04:14:35 PM |
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In stages:
2020
2030
Perpetual Hold
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maokoto
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February 03, 2016, 04:20:22 PM |
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For me, anything that is more than 1 year is long time investment. It can be long, or longer, but yet 1 year seems like a good time in crypto world. Medium time would be months, short time weeks/days.
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BellaBitBit
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February 03, 2016, 05:02:30 PM |
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Long term for me is 5-10 years and it is going to be difficult during those years to watch upward movement and not be able to sell and take profits because you want to hang on to the coin. That is what is hard with bitcoin is that if you take profit you loose the coin.
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I love Bitcoin
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