Post
Topic
Board Trading Discussion
Re: Is Holding Bitcoin a long time good way to make money?
by
bitcointarget
on 13/07/2017, 21:35:31 UTC
According to my opinion, I believe so, but right now things to do that is storing your coins safe. Don't store BTC on any exchange and yet keep saving coin bank.
Risks occurring is very high when you choose don't properly secure solutions

why isn't it safe?

Because there will some split that is about to happen on August 1. And if you will let your bitcoins stored on exchange there will be chances that it will lost forever. Why? Because you are not holding the private keys of your bitcoin and once it happened that is going to be one of the worst day ever, your bitcoins will be gone forever.

That would be a true nightmare. Can you even imagine that you lost all of your bitcoins forever?

This is absolutely terrible. For this, we're responsible to get ready for the possible split.