Ninjastic
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Board Trading Discussion
Re: Is Holding Bitcoin a long time good way to make money?
by
goldcoinminer
on 10/11/2016, 12:14:52 UTC
Quote from: 1Referee on November 10, 2016, 11:22:50 AM
Quote from: elyas772 on November 10, 2016, 01:56:09 AM
it's a good way to growing our money, holding bitcoin is part of my life Smiley
but trade it with profit is better than holding bitcoin.

Why limiting yourself to doing one thing, when you can do both long term holding and short term trading at the same time? I do exactly that. I have a certain amount of coins in my cold wallets that I will not touch in the coming 5-10 years (I have been holding them since early 2013). This is my long term investment.

Alongside that, I have a certain number of coins combined with a certain amount of fiat that I use to do my trading. That's how I get my profits. It doesn't really matter for me if the price goes down significantly, or goes up significantly. I make profit whilst trading either way. It takes plenty of my time, but it's definitely worth it.
Exactly, why not do both.. having both in your investment plan would minimize the risk in investing. There is no assurance that you can make profit in the future, but with short term investment there's a big possibility that you will make profit as you can monitor the price.