4 Things I Learned as A Bitcoin Holder

[Pattberry]

When someone try to invest and dare to take the risk, he've a chance for being success.
Chance means that he can also loss it but he decide take the risk, as my people named Oscar Darmawan also dare to take the risk and now he's rich from bitcoin

If you are able to make money with bitcoin either you have to invest when the bull run started and all those people who made a good amount of money could tell that they invested when the price was below $500 and they could yield a good amount of money when it raised over $1200 which is double their evaluation .It is a well written article and everything written in it are to the point .

[mrcash02]

Reading the article we can reach to the conclusion that Bitcoin is the currency to be invested. Use the biggest part of your money to buy Bitcoins and hold it, if you want to invest in another Crypto-Currencies use a small part of your money to do it. In the case of China, the country regulations can make the price fall or rise, that is important to observe also.

[Mr.Nath]

these Chinese are the people planning to bring down the value of bitcoin.......

[Mometaskers]

Thanks for sharing this. Nice that he went out of his way to share his experience. Anyway he sold all his bitcoins because he don't know it anymore? Well that hit me a bit. I've only been introduced to bitcoin last December and really don't know much about all the technical stuff. All I know is that I have bitcoins, that it's fiat value increases over time and that I can use the wallet to send and receive money. That gave me pause thinking if I should convert more fiat into bitcoin. I couldn't care less about the ETF though what I'm worried about was these talks about this "forking". I feel now that I haven't even got to know it and it's already going to change. Thanks, really. This article was timely.

[dothebeats]

I've been using the same method as his, hold for a long time and wait for the ripe moment to offload the coins. It's a very common method, yes, but the returns are rather great than usual/normal if you are patient enough and you are not being afraid of losing money day by day. It is very rewarding in the long run, only if you take the risks and have big balls to not care about price drops.

[SmokerFace]

Patience and Analyzing is the key to be successful in trading bitcoins and altcoins holding coins is not bad if you analyze if that coin is have a good developer or it will get pumped soon but holding maybe getting bad too if you choose a wrong coin or scam coins.

[Sadlife]

It all depends in decision making, analyzing what move to be made, joining a community for you to gain or to share knowledge.
Passive investment and short term investments in cloud mining and hyip's are bad options you'll only get scam and lose lots of money if you invested in those platforms.
You should find different methods in earning bitcoin without any investment but if you're good in trading you could try buying and selling altcoins and make a good amount of money.

[n0ne]

Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.

[RoommateAgreement]

Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.

when you invest in an up and coming thing like bitcoin which has its price incerease in the long run then you only need to buy in the dips and forget about it. you can easily make profit, it is not rocket science to be hard.

like these days that price is falling, you buy now and hold it till the end of year for example or 6 months and make the profit, easy.

[YuginKadoya]

Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.

when you invest in an up and coming thing like bitcoin which has its price incerease in the long run then you only need to buy in the dips and forget about it. you can easily make profit, it is not rocket science to be hard.

like these days that price is falling, you buy now and hold it till the end of year for example or 6 months and make the profit, easy.

Yup! it is not a mere luck that they are profiting like that because in a much experience user of bitcoin one can certainly profit because of the price increase alone, and just like you said the value is starting to fall right now it is really best to convert back to bitcoin and buy and stock as much when the value is low then when the value start to rise again make a move in converting again back to the fiat wallet for your safe income at hand.

[posternat]

Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.

Many tried that way dude, and they gain too much profit on that way they got doubled money after few months of waiting and patience. It is a long process of waiting to gain big profit from it.

[Kevin77]

Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.

Why not we just learn from others mistakes. I do see many early adapters were crying out for their actions of not holding bitcoins like how Mr. Namamotto is still holding his bitcoins. If you are not an active trader, it would be highly recommended to hold bitcoins for years. Because only active traders will be having more profits than long term holder as they are continuously buying and selling bitcoins they do get more profits than just holding.

I have learned the trick of holding bitcoins for long period after I am watching my friends doing so. Some of my friends are you holding bitcoins from the prices of ~$30 per one bitcoin to till now.

[Kprawn]

Bitcoin = Long-term .....that is my moto... I bought a bunch of bitcoins when the price was about $400 and since then the price was very volatile,

but I kept at it and I hoarded... When the price reached $1200 .... I sold a bunch of coins and I made some crazy profits. I still kept enough coins

to profit from the future, but at this stage I have tripled my initial investment.... so my current investment is now nearly risk free. This is where

you want to be... 

[HabBear]

If this person only made 330% starting in 2015, they did a horrible job and DIDN'T do better than the market from that time to now.

In 2015 Bitcoin hovered in the low $200s, for nearly the entire year. So presumably your friend had cost basis starting points between $200-250. 20 months later Bitcoin was in the $750-1000 range. If your friend ONLY made 330%, they sold TOO SOON!

If they had held on until 2017, selling closer to $1200, they would have made about 500%!

I'm happy for your friend but a 330% gains run is nothing in this world.

http://www.coindesk.com/price/

[mace15]

Nice story, the things I learned about bitcoin holder is never put your emotions into trading. Dont panic selling while others do, buy when the price is low and sold it when its profitable already. Patience and determination to be a successful trader.

[Iranus]

Reading the article we can reach to the conclusion that Bitcoin is the currency to be invested. Use the biggest part of your money to buy Bitcoins and hold it, if you want to invest in another Crypto-Currencies use a small part of your money to do it. In the case of China, the country regulations can make the price fall or rise, that is important to observe also.

I don't think that this is the key message of the article.  The ideal thing to invest in may change and Bitcoin will just be a great currency, but the article is more focused around any long term investments you may choose to make, with its focus mainly being on keeping safe by never being naive enough to think you can just instantly become successful in this, and I think that many people responding to this post are being the naive people that he considers in the article - people who think they can tell you exactly how high Bitcoin is going to go when they can't say what it'll be tomorrow.

Nothing is 100% stable and people need to be careful.

[duuuuude]

Nice story, the things I learned about bitcoin holder is never put your emotions into trading. Dont panic selling while others do, buy when the price is low and sold it when its profitable already. Patience and determination to be a successful trader.

Yes and holding is a key to make profits in bitcoin so if you don't want to take risk of investing it anywhere then its good not to do anything with it and simply hold it till the price goes higher which in return will give you good profits.

[CyberKuro]

Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder

He made it well for 330% return, great investment on bitcoin for long term but after ai read his statement "I stopped buying bitcoin since January 2017 because I just don’t get it anymore."
Why stop? It may make sense if we look at current drop from $1246 to $980 and keep decreasing.
Right time to buy and sell is a key to get profits, after some issues still not solve, this trend may cause panic sell.

[buharikx31]

Really nice story in my opinion. I think we all should think about investing in to altcoins which are not that famous right now, because small investment not that high risky as buying bitcoin at the price of 1200$ for 1 bitcoi . But i think it's not a bad strategy also to wait for drops and buy it again when it in the price of 400$ and wait the pump again and you  have no need to rush using everything you have

[SmokerFace]

Nice story, the things I learned about bitcoin holder is never put your emotions into trading. Dont panic selling while others do, buy when the price is low and sold it when its profitable already. Patience and determination to be a successful trader.

Yes and holding is a key to make profits in bitcoin so if you don't want to take risk of investing it anywhere then its good not to do anything with it and simply hold it till the price goes higher which in return will give you good profits.

It is good to hold your bitcoins or altcoins if you have a huge amount of it but if you don't have a huge amount of it better to invest it in the site you want and take the risk bagholders is very profitable if you have a huge amount that you holding.