Investing on BITCOIN for 1 year... Will it good or bad?

[boakyei]

Very sure that if bitcoins is left for a year, there wouldn't be any disappointment. Holding bitcoins for a year or two will see investment yielding a good profitable as can be seen from previous years historical charts.

[1713881057]

1713881057

[Harlot]

The question is why do you want to hold BTC for that long? Are you expecting your money to triple in value by that time? Remember BTC is not like a stock of a company that has the potential to grow as the company increase their profit, BTC don't have that kind of fundamental reference therefore it does not matter on how long you hold BTC as there is no assurance that it will have a stable growth like a stock of a company. Remember that when you can always profit from it now, don't wait for that time frame as you might miss an opportunity of a lifetime.

[Firefox07]

If you are ready to take the risk of holding for a long time it will be good. Because you can easily accept whatever may happen in bitcoin within one year. If bitcoin soar high you will get a high reward.

[Latviand]

What will happen to this market within a year...? Investing on BTC was great on last few years. But if we invest on these days for a 1 year, will it gives a good profit or not?

I think it will be a good strategy knowing that Bitcoin for a long run is having a price increase and downtrends as what we currently experience do always happen. It would generate profit because there are period on every year wherein the market value is rising and periods during the recovery or increase. This have been proven from the previous years.

[Bonsaiav]

What will happen to this market within a year...? Investing on BTC was great on last few years. But if we invest on these days for a 1 year, will it gives a good profit or not?

Is it good or not it all depends on the time when you buy, and when do you sell?... In my opinion investing in BTC for one year will give you good profits. In essence you have to buy when the BTC price's low and sell when the BTC price's high that's all.

[Hell-raiser]

What will happen to this market within a year...? Investing on BTC was great on last few years. But if we invest on these days for a 1 year, will it gives a good profit or not?

It doesn't matter whether it is good or bad. The first question is whether you can afford to lose the money you have invested. Is $6,000 a bid deal for you? If it is, you might not have the stomach to live through the ups and downs. You might be tempted to cut your losses when your investment drops by 50%. You might not be able to hold for the long term.

How come that it doesn't matter whether it is good or bad profit? And what is bad profit, a loss? Anyway, if you invest only what you can afford to lose, you will not be satisfied with the profits. It doesn't mean that you should invest all your life savings, you shouldn't do that, but if you are not willing to risk, then it is not worth investing at all as your profits will be laughable. For example, if you were a multimillionaire, investing a few thousand dollars would be worth neither profits you could reap nor the time you would spend on making these investments.

Actually, it is not about how much you are willing to invest. It is more about the knowledge you possess about the asset you are going to put your money into. In other words, if you know nothing about this asset, you'd better not invest anything in it, whether you can afford to lose your investment or not.

[TokenForUs]

i would say absolutely yes, bitcoin are more profitable to invest with long term holding. the price has big potential to rise within a year. this is what i have done with tha major of my portofolio, long term investment are always be my first option to invest in bitcoin. especially, current market situation are inhospitable for every crypto enthusiast to do short term or daily trading to make profit.

[hahay]

What will happen to this market within a year...? Investing on BTC was great on last few years. But if we invest on these days for a 1 year, will it gives a good profit or not?

It doesn't matter whether it is good or bad. The first question is whether you can afford to lose the money you have invested. Is $6,000 a bid deal for you? If it is, you might not have the stomach to live through the ups and downs. You might be tempted to cut your losses when your investment drops by 50%. You might not be able to hold for the long term.

How come that it doesn't matter whether it is good or bad profit? And what is bad profit, a loss? Anyway, if you invest only what you can afford to lose, you will not be satisfied with the profits. It doesn't mean that you should invest all your life savings, you shouldn't do that, but if you are not willing to risk, then it is not worth investing at all as your profits will be laughable. For example, if you were a multimillionaire, investing a few thousand dollars would be worth neither profits you could reap nor the time you would spend on making these investments.

Actually, it is not about how much you are willing to invest. It is more about the knowledge you possess about the asset you are going to put your money into. In other words, if you know nothing about this asset, you'd better not invest anything in it, whether you can afford to lose your investment or not.

Anyway, if you invest and you set the time in your investment, then you don't seem to be ready for long term investing, because we won't know what will happen to our investment after a year, whether it will go up or down. If the investment decreases, then you will be ready to wait longer until you recover or you will suddenly sell when it crashes. It must be considered before you start, because everything has its own risks and you must understand it first.

[Hell-raiser]

What will happen to this market within a year...? Investing on BTC was great on last few years. But if we invest on these days for a 1 year, will it gives a good profit or not?

It doesn't matter whether it is good or bad. The first question is whether you can afford to lose the money you have invested. Is $6,000 a bid deal for you? If it is, you might not have the stomach to live through the ups and downs. You might be tempted to cut your losses when your investment drops by 50%. You might not be able to hold for the long term.

How come that it doesn't matter whether it is good or bad profit? And what is bad profit, a loss? Anyway, if you invest only what you can afford to lose, you will not be satisfied with the profits. It doesn't mean that you should invest all your life savings, you shouldn't do that, but if you are not willing to risk, then it is not worth investing at all as your profits will be laughable. For example, if you were a multimillionaire, investing a few thousand dollars would be worth neither profits you could reap nor the time you would spend on making these investments.

Actually, it is not about how much you are willing to invest. It is more about the knowledge you possess about the asset you are going to put your money into. In other words, if you know nothing about this asset, you'd better not invest anything in it, whether you can afford to lose your investment or not.

Anyway, if you invest and you set the time in your investment, then you don't seem to be ready for long term investing, because we won't know what will happen to our investment after a year, whether it will go up or down. If the investment decreases, then you will be ready to wait longer until you recover or you will suddenly sell when it crashes. It must be considered before you start, because everything has its own risks and you must understand it first.

That's not the point. To tell the truth, I pretty much like Warren Buffett's approach myself. He says not to invest in many assets and people often criticize him without really understanding what he tries to say. Well, he says it in the clear but people still fail to understand his message. He says not to invest in too many assets, and many is anything greater than a triple. Easy, huh? His idea revolves around clever investing (its called value investment, but that's a misnomer) where you invest only in an asset which you fully understand. And it is not just about some technical aspects like understanding the blockchain, though it certainly won't hurt. It is also about understanding the environment and the landscape where the asset of your choice exists, and how they develop with time. How many of us really understand the way speculative markets work where Bitcoin truly belongs?

Apart from that, long-term investing makes perfect sense with stocks (which is what Warren Buffett is doing) where you can pretty much live off dividends. But which dividends does long-term holding pay? Right, you can sell your coins, but if you want to say that selling a fraction of your stash for a profit would count as that (dividends), I can't agree with you as you are losing your profit generating capital.

[engesi]

It is difficult for me to see the cryptocurrency worth saving this year. Even Bitcoin, I think it is not suitable for long-term holding. I hope that you will consider the risk point before investing!