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

Yes because the price sky rockets from time to time.

I`m holding my bitcoins for 6 months and the price increased from 600$ to 730$.

I can`t say it sky rockets,but it`s a good increase.

Yes,it`s a good way,but you have to buy and sell at the right time.

Profit is profit. May I ask why you didn't buy before the price reached the $600 levels? You had enough time to buy your coins ar much lower price levels than where you bought your coins at this time. Common mistakes are that people wait too long with buying as they hope the price is going down even more. And when the price isn't going down people mostly buy in panic to not fall behind and miss out.

The truth it, some has no balls, they are only good on telling things that they could have made money if they buy this and that.. But when in the situation, they are afraid to buy since they do not have enough faith with bitcoin.

You very well may have a valid point, its always said that something that needs guts is " easy said than done " and yeah I have myself sold bitcoins in a panic because price was going down and I was very worried. But now doing this for a long time and I know how to deal with the ups and downs of trading and price trading.