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

That actually depends on the market, because there is still a chance that value will go down in the future but for now with the current value of bitcoin - i think it is better to hold it for a long a time.

Yeah holding for long time is better for maximum profit. But not holding so long like many years, try to spend your bitcion time by time, because bitcoin is made to make its users life happy, so your life become happy when you fulfill your desires so try to fulfill your desires by bitcoin, do not spend all of your bitcoin try to save it for future.

It is quite better to make holding to your bitcoin. Holding a bitcoin for a long time is. Yes, so yielding in terms of profit.
Do not hold for so many years I suppose but it may be 2 3 years enough. After you just sell the bitcoins and you will be amazed to see the earnings you will from it.

True. Even I had try this. Holding and saving is the key for success in bitcoin. Sell you bitcoin only you want money. Just check the bitcoin rate day to day while holding. Once the price of bitcoin reaches the moon means, you will get very good profit from it. It may be a dollar, Euros and so on.

If everyone holds, who will you be selling to in the future? Who will be buying your bitcoin?

Yes its profitable in holding a bitcoin but some people trade it day by day to earn additional bitcoin that's why it affect the market up and down prices and most of the people gain a good opportunity from this situation.

I agree it's profitable now and it has been longterm until now, but I don't know what mechanism would keep it that way in 5 or 10 years. Purely trading day to day is enough to pump the price short term. New holders pump the price long term. As more people become holders, there will be less bitcoin to trade and the market will become very thin and bitcoin very expensive. Won't there be a time when a new buyer will avoid buying 1 bitcoin because he doesn't want to go in when others spent the same amount of fiat for 1000 bitcoin?

This is why its really important for bitcoin to be spend not on fully holding it off since the circulation would really be lessen because people are tending to hold it off and as being said price would be more valuable but this is not bitcoin works on this way. People must really use their bitcoin but well we cant blame them if they would decide to hodl for long term.

Yes, i am also worried about the circulation of bitcoins because if all start holding to their bitcoins, how will new people grab bitcoins? I think people should do trader with bitcoins so that bitcoins stay active and can compete with other crypto currencies. Saving should be done but not for all time.