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

don't same bitcoin in investment another platform gold or house
is gold is good investment is long time over 10 year
bitcoin is very bad is investment over 10 year

well, take a look at the 10 year gold charts. gold has gone up 112.5% in a matter of 10 years. it doesn't mean it will happen again of course, but investing in gold for 10 years and getting a return of just over 110% is not really promising. if bitcoin lives up to all its realistic expectations, then you'll be rewarded with a huge return. it will be beyond what gold will offer you.

From the past performance, it seems that the bitcoin is much better than the gold. The bitcoin will grow even faster.

Bitcoin is indeed much more rewarding than Gold, but the risks are also much greater. In order to benefit from the volatile nature of Bitcoin, you have to understand what the risks are, and know how to read the market in order to benefit to the most from whatever state the market is in at that time.

Of course, bitcoin is very volatile and the understanding of the market trend also matters, but it should be clearly understood that holding bitcoin for very long time may not be a good strategy to make profit. The best strategy is to buy it when it is low and sell it immediately as the prices goes higher. Repeating this strategy for many times will make lots of profits if you maitain it for long time.

That's right holding them for a long time is a boring way to make profits as we never know when price will go on the top that can give us best profits, its better to keep on buying and selling them in short term.