LONG TERM BITCOIN BUYERS

[marcuslong]

In traditional investments, long term is most often considered to be a minimum of 5 years. But bitcoin seems to live its life in hyper drive, hence the question to the bitcoin world, what is long term to the average bitcoin investor?

Hi Bitinvestmint, yes you are right long term as what we define in finance is considered as 5 years above and 3-5 years as medium term and since bitcoin are being hyped nowadays that's why its value goes up so easily, for sure once its price started to go down, it will also go down so fast. So since I am an average bitcoin investor, I categorized long term as 6 months.

[bitcoinci.com]

long term bitcoin investment is the key of the crypto money investing

[gogodr]

2/3rd all voted like me. 5+ years. Good to see so many strong hands around after the last few years we had.

[BitcoinSupremo]

5 years or more is considered long term by many investors, average and big whales too. Who knows in 5 years from now bitcoin price may even be at 10.000 USD per coin, now imagine someone who bough lets say 100 bitcoins with 400 or even 700 USD spending about 70.000 USD max nowadays. Imagine after 5 years in an optimistic prediction of 10.000 USD per coin, that is 1 mln dollars and a life changing event for many.

Like the song says.
Bitcoin is the power, power is bitcoin minute after minute, hour after hour.

[Mvaporis1961]

once you buy a bitcoin never sell them... like never

only spend in bitcoin

I think that's a silly move what is the purpose of buying bitcoin if we don't sell it and make some money? lol.

[gogodr]

once you buy a bitcoin never sell them... like never

only spend in bitcoin

I think that's a silly move what is the purpose of buying bitcoin if we don't sell it and make some money? lol.

Dont be crazy. One day people wont want money and you'll be able to purchase groceries and gas with bitcoin. When that happens what's the point of selling for cash?

[7788bitcoin]

once you buy a bitcoin never sell them... like never

only spend in bitcoin

I think that's a silly move what is the purpose of buying bitcoin if we don't sell it and make some money? lol.

Dont be crazy. One day people wont want money and you'll be able to purchase groceries and gas with bitcoin. When that happens what's the point of selling for cash?

I agree with that! At the moment, I will spend bitcoin whenever I can with immediate buy back so that my holding will not change/drop- I actually buy back slightly more!

[hasiramasenju]

in bitcoin i don't dare to save my bitcoins over than 6 months because prices very unstable especially currently it's too risky for me and for bitcoin if i could reach my target sell i would like to sell all of my bitcoins even though less than 3 months

[Wetlint]

in bitcoin i don't dare to save my bitcoins over than 6 months because prices very unstable especially currently it's too risky for me and for bitcoin if i could reach my target sell i would like to sell all of my bitcoins even though less than 3 months

that is right. The bitcoin price is too volatile. It was $780 a few days ago. It is $620 now. A drop of $160 in two days.

[bitbunnny]

When it comes to Bitcoin even a few weeks could be  a long term because of the price volatility. So, you have to watch everyday the price and see how things are going at the market. In general, holdong Bitcoin over 3-6 moths could be very risky unless you are playing on realy longterm, like saving for retirement, which  also have seen here on forum.

[gogodr]

Picked up 25 btc today. Way more then I normally do but this dip has me going crazy. Great buying time!

[serjent05]

Well in ordinary finance system, long term is around 5 and above years of waiting.  But in the world of Cryptocurrency, on month is equivalent to a lifetime.  Due to it's high volatility, Bitcoin price changes from time to time.  It maybe up this week and down next week.  So as for me in Bitcoin, 5 months i think is a long term in cryptocurrency world.

[sbtctalk]

I sold some when the coins were high price. Now waiting for it to go lower so i could buy more

[bitcoinci.com]

market really is so volatile

[amacar2]

If you are investing little amount or holding only few bitcoins than i think 5 year holding should be considered as perfect holding period but if you have 100+ bitcoin than better to hold till pump and sell at pumped price than buy back. There is no reason to keep holding if you have hundreds of bitcoin.

[DoublerHunter]

If you are investing little amount or holding only few bitcoins than i think 5 year holding should be considered as perfect holding period but if you have 100+ bitcoin than better to hold till pump and sell at pumped price than buy back. There is no reason to keep holding if you have hundreds of bitcoin.

I agree with you with a hundred amounts of bitcoin i think it will be good if he just sell it for $$$$ price. and just wait for the price to have a huge drop like turning from $$$$ to $$$ like $400 below and i think it will be a good chance to buy and save bitcoin again because it easy to make profit without doing anything except from holding.

[asriloni]

3 months is enough for long term,price of bitcoin always changing a lot in short term,waiting too long just result in losing or wasting of time and effort

[StoreBit]

yes there is always two types of investment in bitcoin. one is long term investment and second is short term invest. from short tem investment mean the investment tell halving or daily and weekly based investment from large term investment we mean the investment for months and years. so i can say that as from the present condition it is looking very clear that the future of bitcoin will be quite bright so we can say that long term invest in not bad. you will see the price after halving a rocket fly. therefore it is best to invest in bitcoin for long time.

[Darwin02]

For me for longterm atleast 3 years or more.
Just hold your bitcoin and then sell it the right time to sell.

[Divinespark]

Long-term as far as I am concerned would be at least until ~2024 or two more halvings after this one. That would also be ~ 15 years from the genesis block