Post
Topic
Board Economics
Re: How to earn money with bitcoin ?
by
chaosknight
on 15/10/2016, 08:34:58 UTC
How to earn money with bitcoin ?
How I earn money with Bitcoin is pretty simple because the only thing that I do is buying them with my own money when the price is not to high for me.
Then I wait a bit for the price to rise again and then I am just selling them for more then I have bought for.
that means you benefit from rising prices in bitcoin and you utilize it to benefit? but we do not know when we will be lucky
That is what holding can do for us and I can say that this is the best type of investment and you are going to earn great money through it. But that is the only thing that you need if you are going to hold, you need to have your own capital for buying it. And I would say that holding is better than stock market for it has higher chances of earning.
Yes, holding bitcoin will bring many magics, like how Mr. Satoshi has become billionaire in six years of holding of his bitcoins. The very big catch in this he never had any emergency situation to spend his bitcoins, unfortunately many bitcoiners here are facing any type emergency in time to time so they are breaching of their plan of holding bitcoin for long term.

That's right people who have low salary from their day job won't be holding their coins for long term as they will prefer to sell them when they need money and at that stage they will not care about the price.