Is 'Buy and Hold' the Best Bitcoin Investment Strategy?

[zurc]

Is 'Buy and Hold' the Best Bitcoin Investment Strategy?

Yes because I do this strategy and that is the real reason why you are investing. We are always waiting for the price to rise up to get our profit even it took so long, and we are investing because there is a word called ROI.

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[garet]

In my opinion, buying and holdingbitcoin is not that effective anymore due to the reasons that its value is higher than usual unless bitcoin could double its value today. The reasons many investors became rich in buying and holding bitcoin is because that they bought bitcoin much earlier.

While I see what you are saying, this same comment could have been made 3-4 months ago when bitcoin price was in the low thousands. A lot of people thought that would be close to the peak and it would be difficult to see returns like 50-100%. I'm not saying that bitcoin will or won't double in value again in the next 4 months, but what I'm saying is a lot of traditional trading strategies and trading norms do not hold true for bitcoin at the moment.

[Opquar]

Well, one thing is for sure. No one who has held bitcoin for more than a month has lost money. Ever.

[jkinit2125]

We should always put in our minds that the higher the risk, the higher the return. The basic investment rule. Well then bitcoin can be manage in other different techniques. But is it the best bitcoin investment strategy isbto buy and hold? For my opinion it is a yes. Because as what we all know, as of today. Bitcoins apprasing price is too high for trading, you buy and sell bitcoin. Rather than buying it at its lowest price and hold it. Its better to trade other cryptocurrencies while its price are affordable. Just like shares in a company, taking the risk is the best way of investing. Not knowing what bad or good will happen, the thing is its price will surely increase and you will gain with that.

[gutavo1dias]

It seems to me that the price will grow 5 more years. Now you can buy and hold BTC. Fear nothing.
But nothing can grow forever, remember this. Read about the cryptocurrency for a couple of years and you will understand when it will be necessary to withdraw money

[Dudeperfect]

I would say buying at the right price is more important rather than just buying recklessly irrespective of the market situation. When it comes to the wild market like Bitcoin, I would prefer systematic investment plan while buying that will help me to grab the opportunities in the normal as well as during the market dips. While holding, I do try to spend at least 50% and save/invest remaining part as I believe that movement is a growth.