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

You can make a lot of profit with holding the bitcoin for a pretty long time and I think that if you would do it now you can make big bucks because its going up more and more from now on.

Yes you can make big profits with it,some peoples already did who started mining or buying bitcoins in early days and holding them.But that kind of increase i dont expect again,but it will go up than what it is now thats pretty sure,but this way of making money i will consider a bit risky.

That was in the early days and they are making good profits because bitcoin that time was cheap but, now we believe that the price of bitcoin is a little bit expensive already but it will not worry you if you believe that price will significantly increase in the future.

But it is still not late if we are going to get good amount of bitcoins as we hold for sure we are still going to get good profit out of it. And right now
the price of bitcoin is ranging $620-$640 so I would say if you wanted to get good profit then you can just buy a single bitcoin today and wait for it to increase for sure you are going to get good profit.

You cannot expect to make huge profits by holding only 1 btc, as price won't go in millions in coming years which can make you millionaire only by 1 btc if you want to make profits with only holding then you need to have huge amount of coins in your wallet.