Quote from: batang_bitcoin on August 13, 2016, 10:55:26 AM

Quote from: opossum on August 13, 2016, 10:46:24 AM

Quote from: ObscureBean on August 13, 2016, 10:25:17 AM

Quote from: cambda on August 13, 2016, 09:06:15 AM

Quote from: Positid on August 13, 2016, 08:00:32 AM

Quote from: Mastsetad on August 13, 2016, 07:20:28 AM

Quote from: secone on August 12, 2016, 05:56:56 PM

if you have lots of money, it is good to hold bitcoin. but if you do not have money, it is better to grow bitcoin than just hold.

so when you grow and make a profit, you can save the most and hold for the long term.

Even if you have a lot of money but still it is better to keep them growing, if you dont want to risk them all then just do it with a half or just with a quarter of what you have, in that way if the price even drops in future you won't be in loss because you have been growing your bitcoins gradually with the time and if the price grows then you will earn a lot more profits then usual.

Holding is very simple, it just needs some patience, it is not necessary that you sell every time there is a price increase because that inrease could be more when you wait for a longer time, one should know how to have patience and treat his investment like a time deposit where there should be a definite time before you withdraw.

Yes if you are looking for higher profits then you need to hold your coins for really long time, as it is predicted that bitcoin has potential to touch $5k in next 5 years.

What you can do is if you have some spare money, buy 1 Bitcoin, get it on a paper wallet and lock it away in a safe place. Just set a reminder for 2022 and forget you even have the coins for better or worse

This is especially good for people who are not normally into Bitcoins, like you can gift it to you girlfriend or parents and they can potentially have a nice surprise after 5 years. Wonder how much 1 BTC will be worth in 2022.

Well actually that is a good plan, but not many people have patience to hold it that long and they will sell their coins when price goes higher and that we will witness when it will hit $1k mark.

If you really want to earn by means of holding then you are going to hold and not going to sell your coins and going to have patience.
Because you know what is going to happen if you are going to be patient by holding a lot of your coins. That is what happened to the first bitcoin holders and they are now millionaires.

I bought some bitcoin a few years ago and hold until a few months ago. I bought some altcoin miners with the bitcoin.