Is Buying and Holding the only way?

[madhabilota]

Indeed, solo mining right now is not profitable. If you have enough money to buy an antminer, why not study crypto trading and invest your money there? Also you could try lending your bitcoins on exchanges but I think the ROI is not that appealing.

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[cryptomap123]

Where is the best place to get information on the best coins to hold?

[Traderbtcc]

No. It isn't. There are a couple of tragedies which have worked in the past. Hodling is just one of them. But buying and hodling might be bad in cases where one bought at the top and it comes crashing yet you keep hodling. That will be bad. Another strategy is buy selling higher and buying lower. This way, you won't be living money on the table. Hodling works too but not all the time.

[BelieveInBTC]

Mining is only profitable if you are going to run a large mining farm. In other case it doesn't pay off these days because Bitcoin price had been increasing a lot in the past months. it was much more profitable to buy cryptocurrencies instead of trading or mining. Holding is the best way for people who are not into mining and trading. Both of these activities require some knowledge which might be not easy to get. It depends on you which one you will choose. Do you want to earn a lot of money in a short period of time or have a stable guaranteed income?

[ogtejiri]

The most  interesting part of cryptocurrencies is the appreciation in value, so Buying and Holding is definitely the way for me. Of course there are other options which poses higher risks as well, bitcoin is sure to generate much returns in 2 months or more; if it perhaps drops in value, it is sure to rise again because Bitcoin keeps gaining new ground each day in the global market.

[suncut]

Buying and holding bitcoin is a good idea since it will provide more possibilities that you can have a better life in future with them. Also, if you want to make more money aside from just holding then you can try to do some investing in different ICO's that you think that is good for the future.

[siddu67]

No, buying and holding is not only the way of Bitcoin. at present many countries Bitcoin is accepted. again many online shopping centres also accept Bitcoin as a payment. so you can buy and sell materials and many things through Bitcoin.

[darkphoenix2610]

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? 

There is so many ways to earn bitcoin don't frustrate yourself in computing how much you will have if you mine bitcoin instead find some way on how you can earn money, you can participate in different campaign and you can also wear a signature to get token that is tradable you can trade and invest if you want your capital would be double or triple.

[warkop121]

Buying and holding bitcoin is not the only way, Bitcoin Mining is no longer profitable, especially for an individual. However, holding may be the most "Safe" type of investment you can make. Trading is very risky, it involves to frequently monitor Bitcoin prices. now you can focus on something more profitable. Sell ​​your Antminer and buy bitcoin with the money you received from the sale. There will be people living in areas with cheaper electricity, which will still be able to profit from it. Sell ​​BTC when the price is high and buy bitcoin when the price is low.

[8Habits]

Buying and holding bitcoin is not the only way, Bitcoin Mining is no longer profitable, especially for an individual. However, holding may be the most "Safe" type of investment you can make. Trading is very risky, it involves to frequently monitor Bitcoin prices. now you can focus on something more profitable. Sell ​your Antminer and buy bitcoin with the money you received from the sale. There will be people living in areas with cheaper electricity, which will still be able to profit from it. Sell ​​BTC when the price is high and buy bitcoin when the price is low.

Holding is the conservative way of investing in bitcoin. Trading is what fuses your big earnings or loses. Either ways, it all ends up to each individuals preferences or risk appetite.

[troglobait]

Of course not, there is mining, there is trading. Both can bring additional coins. Any person wishing to become a holder of crypto currency will be able to do this

[troglobait]

Do not forget about the bounty, this is a great way to earn the first bitcoin. In total a couple of months you can do it

[8Habits]

Of course not, there is mining, there is trading. Both can bring additional coins. Any person wishing to become a holder of crypto currency will be able to do this

I agree with you mate. But for new-comers, holding is the best and conservative way to maintain your asset value and to get future potential profits. However, the more you are going to hold and learn other ways of accumulating more coins, the more you will slowly be going to consider trading and other forms of investing.

[Krillin61]

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? 

not only the buying and holding is the way to earn bitcoin, there many ways to earn bitcoin which is better than buying and holding the great examples is the bounty and the campaigns both of this is a great way to earn bitcoin.

[pekcoin01]

The important point here is the variable range of prices.
It is wrong to do buy-sell when the prices are steady. It is necessary to get coin at low price during these times.
Waiting for prices is the most reasonable.

[Ravenangel]

buying and Holding may not necessarily be the only way but its probably the best way as most coins tend to gain value overtime.However buying and selling can also be as profitable if you understand the market well and knows when to buy and when to sell

[queenlaurel]

Engage in campaigns to get coin or better still just the way you said, buy with money, hold on for a while it grow to something tangible then sell. You get a good amount.

[pekavcilar01]

It is the most logical way to wait for these times when prices are so stagnant.
Need to get coin at low price. It is the most logical way to buy and sell at times when prices are volatile.
I started doing this by buying and selling. I have bought a few coins for investment purposes and I am waiting for this low price.
When the prices go up again, I will continue to buy and sell again.

[jerowacik]

I prefer long time investing (holding). Trading short can be a good strategy if it is done properly. Trading short is a good idea when the market’s valuation pulls back, meaning there is a higher potential to make a quick profit when the market is highly volatile.

[nicko122]

Of course buying is the most popular way to get bitcoin, but you can earn it by participating in various ICO. Now this is a very popular way of earning cryptocurrencies.