Post
Topic
Board Trading Discussion
Re: Is Holding Bitcoin a long time good way to make money?
by
BlackMarket
on 15/05/2017, 15:25:58 UTC
Holding will likely make you the most money in the long term but obviously nothing in the short term. I believe in 2-5 years bitcoin will be worth multiples of what it is now so I think it'd be wise to save, but in the meantime you could try trading for profit. Risky to do this though.

Maybe you should try to invest some of it and the other is keep it in your wallet so that you can save it. but holding it for a long time is not good for me. because it will not grow if you are just holding it. try to take a risk in trading and investment.
Yes holding is a boring process to make profits as you never know how long you need to hold them to make huge profits from it so the best option would be to take some risk and invest some amount of bitcoins in trading where you always have an opportunity of making regular profits.

When it comes to bitcoin trading and investment, the only viable option is 'Altcoin Trading'. Now comparing Bitcoin holding with altcoin trading, I don't think there is much to say that altcoin trading is supremacy to holding. Rather if we see latest bitcoin prices, holding seems better option than speculating different cryptocurrencies. So I guess bitcoin holding is relatively better option with minimal danger of risk and fees.

The altcoin market is unpredictable and that makes it really risky to make an investment especially if you are new to it so if you don't have any knowledge about altcoins then better choice would be to hold your coins for the future and sell them when price goes higher.