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

Yes, it's a good way to make money but there are better ways through trading but I'm assuming a lot of people don't want to spend the extra time learning all about trading so if that applies to you then you better buy bitcoins, hold on to it with the hope of its price rising and then selling back for more money.

yes i also like long term investment, but to me i think if you are going for long term investment you still need to keep eye on our investment regularly, as you should also study bitcoin from time to time and should keep information about bitcoin with you .

Trading is can be risky you can. You can lost or earn It's like gambling but if you hold the bitcoin it is consider a long term investment because the bitcoin is growing and growing, If everyone will know the bitcoin the bitcoin price will go up. so I think holding your bitcoin for a long time is the smartest and no risk of earning.

But the thing is no one knows what will happen in the future, therefore it's risky because we are only speculating on the possible price in the future and we put money hat we can afford to lose. I think we just have to be faithful with bitcoin and believe it will bring us profit in the near future, some people having a success with investing in bitcoin, so definitely we can also have that.

I agree with you, No one knows what will happen in the future so even holding bitcoin for a long run or long term investment is also risky because the coin that we are using is volatile to its price which is bitcoin. So if were you, It is both best if you study trading and also do long term investment so even if you fail in trading you can come up and recover those loss from long term investment.