Re: Is Holding Bitcoin a long time good way to make money?

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.

Yes true I think it has a risk aswell but it's very minimal we know what bitcoin can reach and it will reach that if all goes well.
The most important thing is to have as many coin as possible so you can profit from value increase as much as is possible.

if you really knows how btc works you wont mind that and you will continue to hold make it as an asset and completely success, holding bitcoin for another year will make you some good earnings for sure.

yes that is a fact that holding bitcoin for a long time is very good for making money, but you have to keep it in your mind that you need to invest a good amount of bitcoin and not less, so as to make good money after a long long time.

It is expected that Bitcoin will increase in price in the long run. But how much you can earn depends on your holdings. If you hold a small amount, I doubt that it will have an effect on your standard of living. So if you are waiting for bitcoin price for a long run, I would suggest to continouesly accumulate it to have an impact on your life.