Post
Topic
Board Trading Discussion
Re: Is Holding Bitcoin a long time good way to make money?
by
Aamir1
on 31/07/2016, 11:37:56 UTC
I have 13$ worth of btc.i dont understand what will happen,if i holding this btc for a long time ?
It just depends on how long you hold and what the price is when you sell or trade for goods.
It could be worth $1 or it could be worth $10000



It could be good to hold your bitcoins for a long term, keep in mind there are more risks that you have to take to do this but it will also maybe be more profitable at the end, A long term investment can let you gain a lot of money if the bitcoin grows to a very large currency.

I think there is no any risk to hold our bitcoins for longer as if we have a good knowledge about bitcoin and keep a bare look on its price and other events and get a good knowledge about trade then it is not possible that we will lose anything with our bitcoins. I have my bitcoins in my wallet from about more than 8 months and I have not lost any amount in there in that period, which is a proof for me that there is no any risk to hold for longer.

It actually does not happen often when people pick up loses holding bitcoins because it does not usually drop its price like altcoins, but still someone should always be active and updated so that if the price of bitcoin starts dropping then he can sell his bitcoins immediately to stay away from loses.