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

Also the advantage of gaining more is high now because we do not know someday what will be the value of it.
Anyway for me, holding money or bitcoin for long for trading is good.

Much better to say that holding bitcoins for a longer time is better for having a good money. As the price is going to keep on increasing.

That's the cycle of bitcoin, the longer you will hold your bitcoins the more chance of increasing it's value.

And there's no doubt about it for it was proven by many of us.

https://bitcoinwisdom.com/markets/bitfinex/btcusd

The chart has said it. There is no doubt about the future of bitcoin, and totally it becomes a right decision for keeping bitcoin in our cold storage. the current price was being stable at $790 and expecting it will touch $800 just in a short time.

Though there are talks about the prices correcting and dropping back to $600. This might be just a short stop until it skyrockets, if it does happen. I think we still need to have bitcoin get recognized and adopted by the world before it does skyrocket. For now, bitcoins has not yet even dented the financial industry of the whole world. Its total value could well be bought by just one bank.