Holding some bitcoin for the long term may be the best way to make money. I try to supplement that by trading on the short term peaks and valleys in the price.
i think if holding long time bitcoin is not good
because bitcoin price is and range wave price is slow move
example in 2013 bitcoin price 1000 dollar, and you buy and hold until now you still lost your money not profit
is good is inday trading, shortem trade, not longterm
Holding Bitcoin is probably the safest possible investment you can make. If you think the otherwise just because some noobs bought themselves some +$1000 coins, then you really have no clue about how investors with common sense and actual experience are working. Simple thing - smart people have bought their coins for a few hundred at most, and sold at +$1000 prices, while noobs thought exactly that price would be a decent investment. Do you see the difference that I try to point out? Noobs got burned heavily.