Re: Is Holding Bitcoin a long time good way to make money?
by
Musent
on 26/02/2017, 15:18:14 UTC
Price is going higher and higher in recent times and we may see the same trend in coming months so I think buying them now and holding them for a long term is the best and safest way to make profits as we may see ATH in coming months.
Buy bitcoins and keep them safe in wallet as price is expected to go higher in future or else you can also invest in some altcoins at cheaper price and if price pumps then you can make huge profits in quick time which will also grow your bitcoins.
Bitcoin has a massive amount of potential gains that it can realize due to the demand coming from people trying to escape the governmental system. From that point it's indeed a great investment.
Altcoins on the other hand are pure short term investments for people looking to bank on a potential pump, but the whole point is that they can also go in the opposite direction equally as fast.
That's why it's important not to discard the extreme risks involved in altcoin trading. It's something I see happen quite frequently where people only focus on the positive side and thus completely ignore the risks.
All investments are risky and we cannot ignore that so even if you are investing in bitcoin or altcoins there is a full possibility that it won't go in your favor in future so do good level of research before investing it anywhere and don't hesitate in selling them when its allowing you to make profits.
Bro! The whole point of btc is that you can do both at the same time!
BTC inflation makes it so that saving btc is the same as investing in it!
Yeah if you are putting your money in bitcoins then it is taking care of both saving and investing as it even with the same amount of bitcoins you can make more money when price goes higher in future so keeping money in bitcoins is the smart move to make.
yeah. You should always save some of your money in Bitcoin. And if you have more money, you can buy bitcoin because it is considered as a type of investment which can bring a hug profit to the investors. As you can see, after one year, the prices of Bitcoin has increased more than 200%. Be patient, waiting and Bitcoin will bring happiness to you and to your family
Yes its good to buy bitcoins in small parts on regular basis and keep them safe for the future as it will reach to a new heights in coming years which will give best returns on investments so its a smart move to invest money in bitcoins.
The price could get higher especially if the ETF has been approved. And you dont want to buy when it is in the high. Buy now for the chances of having a much better profit before it goes higher.
Price is bit higher at a moment but looking at the development of bitcoin it seems that price will go even higher in future so even if we buy at current price then it can bring good profits in long run so its a wise decision to buy bitcoins now.
my strategy for investing is very simple, we see the market, we want to first determine the long-term investment or short-term, after the new tau coin we find where the more crowded the market is to buy low diharga hold until prices up bru sale
It may seem simple but I think the profit and loss statement are the chances the same. the most important thing is there is no guarantee by using your strategy like it's always get profit, better hold bitcoin and wait until the high price that we sell.
Currently it is a good strategy to hold bitcoin for a longer time. As the price of bitcoin is now trading above 1100 and it was already expected that the price is going to cross even its all time high price in a very short period of time. And now we can see that we care very near to that point. I think still its time to hold bitcoin and not sell it.
Holding them is a good way to make profits in future but some of them should be invested in trading to multiply bitcoins in a quick them along with making regular profits but if you don't want to take any risk then best choice to simply keep them safe in wallet and sell when price goes higher.
Best way for steady income is really going to your day job and not relying into such investments since there are no guarantees that it will give you profit in the long run. For "steady income" you can actually create a small business in which it focuses on the basic necessities around your surrounding area. Money will steadily trickle from there, trust me.
Yes the best way to get an steady income is from full time job where you get guaranteed amount of money at the end of the month so you can manage your expenses accordingly and earning from bitcoin can be an good source of extra income which can help at the time of emergencies.
I am just a newbie and I am trying to earn some, is this site legit?
You can get some btc from bitcointalk by participating signature campagin. But your account need to be mature. The more rank you get, the more BTC you can get.
But you need to note that this forum is not giving "free" bitcoins in the name of signature campaign. It is a reward for your hard work. You need to check games and round section for exact free bitcoins. But there also now people ask for some qualifying tasks. Unlike early days, free bitcoins are not now possible in bitcointalk.
Basically signature campaign is promoting their sites through hiring your signature and they are paying you for that. they pay you according to you rank. If you are rank is high so their payment for your signature is comparatively high as compare to the low ranks and that is also the reward of your work that you do in the form of posting about a topic.
Yes and earning from signature campaign is the most common and popular way of earning bitcoins and its also safe as you don't have to invest any money into it and there is also no risk of loosing anything so I think its the best way to earn bitcoins.
So as of this moment, I'm only earning bitcoin through a signature campaign here on bitcointalk forum.
How are you earning bitcoin?
Im earning it through faucets , signature campaign, gambling and tradinga also, i earned a little bit in faucetes, whenever I got such enough amount of bitcoin or I will invest it in reliable and secure online bitcoin site, but I need to make sure that it is true and the people who handle it doesn't scam my money , i little profit in my investment is treated as blessing.
well, you have to spend a lot of time to do everything in only a day. I hope that you can earn a good amount with those activities. However, we are living in the 2017 and I can not imagine that there is still a guy, a sr.member in Bitcointalk who are earning Bitcoin with faucets. They are totally wasted of time and the more you do it, the less money you can have and it will consume your energy a lot
Yeah faucets is a waste of time and will give you very low returns better way is to invest that time in some other productive ways of earning bitcoins like trading or signature campaign from where you can expect descent amount of bitcoins.
i don't think to invest my bitcoin at other place especially at hyip or ponzi games in my opinion i will invest my bitcoin at my wallet only till bitcoin price high enough for me that is most safe way to invest my bitcoin
That's the right thing to do saving them for the future is the best investment to make as prices is tempted to go higher in future so if we manage to save enough amount of bitcoins then we can make good profits in future by selling them when price goes higher.
i use my bitcoin for investment , hold and keep earn it from low price untill now, i am not spend any so i think it is worth to hold. and i can use it as currency buy online services with bitcoin, for offline thing it is not yet in my country
Yeah its hard to spend them offline as there are not many places that accepts bitcoin as a mode of payment and in that case we need to convert them to fiat currency and then spend but holding them for future is the best thing to do to make good profits in future.
poor you guys. I am leaving in a country which is not very hard to find a Bitcoin shop or store. If you want to spend your Bitcoin, you can go straight to those stores and purchase whatever you want. On the internet, there are many places where you can spend your Bitcoin online. Steam - the biggest game platform - has already accepted Bitcoin for many years. If you are a gamers, you can buy games directly from steam with your Bitcoin
Life is not limited only for playing games there are many other important things to do, and for those things there are not many sites that accepts bitcoin but thanks to bitcoin debit card which have made things easier especially spending them at physical places.
At this moment Iam earning bitcoin from bitcointalk forum but Iam hoping that I will earn bitcoin from trading after few weeks..
Slow down mate, you are new in the forum. Its better you learn the basics of bitcoin and how it works and also the administration of the forum. Quality of posts should be maintained and worked on so you can enroll in signature campaigns later.
I would not recommend trading right away since you need to learn the basics of trading first. Do some research on how trading works and how people earn from it. Analysis of past markets is a must before you jump into the fray.
Agreed trading is not an easy task especially for those who are new in bitcoin community so its better to do a good research before entering into trading as only one wrong move can make you to go through huge losses and that would not be affordable for average earning person.
You're right this dithread and ask about how Bitcoin trading. First you have to have a Bitcoin or altcoin to be traded Second, you can do when trading is to buy at low prices and selling when the price is high. Third, if you're trading on altcoin then you should know first coin anywhere potential for trade. Trading is very simple, you just do purchase it, it is a technique that is difficult to analyze how the movement of the price! Use good money management and start trading with small money
Even if you have bitcoin or altcoin you should have a good knowledge of trading as if you invest it in wrong altcoin then it won't give you positive results so the most important thing in trading is to have proper and sound knowledge of market and price movements and you need to study the charts carefully which will increase your level of knowledge related to trading.
sometimes, a lot of people who want to get out of trading for a reason, and the most common reasons is that they have tired of waiting pump of a altcoin. Well, they easily give up, and do not want to continue anymore. I feel might be good if they find a place to get bitcoin else, but if not, I think it would be a loss.
Well we cannot blame others why they quit, but in the long run it is there loss anyway. They never become patience into waiting as traders, its the characteristic of being a trader was being Patience, self-discipline, self-control, and know how to control emotions. I said this base on what I've learned here in this forum.
Yeah and if you lack patience then you are at a wrong place as if you get impatient then it will only bring losses for you and you would be never able to make profits in trading and in trading patience is the key to make profits and if you don't have that then its better to stay away from trading and find other ways of making profits.
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Re: Is Holding Bitcoin a long time good way to make money?
Buying at 1000+ and investing is not a good idea. If it falls and you have some extra amount then you can invest and hold it. Ideally it will give you return.
This is not the right time to buy bitcoins I guess as price is pretty high at a moment but if it falls in coming days and goes below $900 or so then it would be the perfect time to buy bitcoins and hold it for next few months in order to make some good profits as price is expected to go higher in coming months.
I saved only 2 bitcoin but i am happy because i got profit in that. Now I would like to earn more bitcoin for my future because i know one day bitcoin become usefull to everyone.
I have about 28 BTC in total but spread in several wallets for security reasons. I think it's good to have some saved for emergencies and for future profits as soon as the price rises.
28 btc is a good amount to have and its good to diversify them to different wallets to minimize the risks of loosing them as of now I am having less then 5 bitcoins in my wallet but I am trying hard to increase the level of bitcoins in my wallet as I am sure that price will rise in future so having more volume of coins can give me higher returns in future.
You can increase your less than 5 bitcoins by doing any kind of investment like joining an ICO or investing in different legit sites and also doing trading which have a less risk of getting lost since you will manage your own money and you are in charge of how you will take profit from it but don't forget to study the basics first before risking your less than 5 bitcoins.
Investing in ICO involves a huge risks as most of them will turn out to be scam in long run and only devs will be making money out of it so its not a smart idea to invest in ICOs and its also very hard to find any legit site for making an investment as everyone has suffered a huge loss by investing in those sites in the past.
If I was starving and desperate from money I'd get off the internet and work more
That is what we need work, we should not relly too much on what we earn here infront of the computer because this must be just an extra income. And even the bitcoin, you should not relai on that, work in real world will make your problem solve.
I get the same problem, desperate when not having a job and have no money. Finally I can get money from the internet, I do not consider this as an extra income. but I make this as a main job. because it has given me a lot of money is more than just working in the real world. the point is you don't have to work in the real world to solve the problem, as long as you can earn an income from the internet and can grow it, it will not be a problem.
That's true that you can make good amount of money from internet but you should make sure that you are getting paid on time but may be sometimes you need to wait for certain amount of time to get paid so in that case if you need money desperately then it won't help you out as you need hard cash in hands when you are stuck into that situation.