Is investing in bitcoin by buying and holding for the long run a good strategy?

[Moseschidera]

As someone who has being looking for different ways to earn in the world of cryptocurrency. One approach I've heard is to simply invest in bitcoin for the long run by purchasing some and holding onto it as the value increases over time. For those who have tried this strategy, does it actually work out? The price seems very volatile now so it seems risky too. How stable is the long term upward trend really? Looking for some opinions from those with more experience on if this buy and hold investing is a solid way to profit from bitcoin over several years.

 

[eLdavis]

I think it's a good strategy, but then again one thing about strategies is to ask yourself the question, is it working for me? If it's working, then keep doing it. In most cases it might work for he next person but might not work for you.

 

[Moseschidera]

I think it's a good strategy, but then again one thing about strategies is to ask yourself the question, is it working for me? If it's working, then keep doing it. In most cases it might work for he next person but might not work for you.

That means you need to try every strategy to know what works for you, but why should a strategy work for one person and doesn't for another?

 

[Stardom22]

For me accordingly to the information that l have collected on my research, l think it's a very great way to do.

 

[magnus2022]

As someone who has being looking for different ways to earn in the world of cryptocurrency. One approach I've heard is to simply invest in bitcoin for the long run by purchasing some and holding onto it as the value increases over time. For those who have tried this strategy, does it actually work out? The price seems very volatile now so it seems risky too. How stable is the long term upward trend really? Looking for some opinions from those with more experience on if this buy and hold investing is a solid way to profit from bitcoin over several years.

You have to know when the price is down before buying. It may seems to be a good strategy but you must be a patient and waits until it climax. For many years, this strategy is what made a lot of billionaires in cryptocurrency.

 

[King Belieal]

Anyone that bought Bitcoin about three or two years ago and sold it now would have made very good profits. Holding bitcoin for a long time is the best way to invest in Bitcoin.

 

[Fidelia]

Just like gold, holding bitcoin for a long time gives you a greater possibility of gaining big in your bitcoin investments.

 

[kerryjoy]

Investing in Bitcoin for the long term has proven successful for many, but it's important to consider the risks and volatility. Patience and a long-term perspective are key.

 

[Stardom22]

I hope the holding of the bitcoin for a very long time and selling them at higher prices is very profitable indeed.

Post automatically merged: Jun 2, 2024

For sure that is the only guaranteed way for making of the cryptocurrency investment across the web for that matter.

 

[Augusta]

it is a good way to invest as you buy for less and invest heavily. it is all good at the end of the day.

 

[Starmix]

It is a good strategy, no doubt about it because you will not sell your coins when the price is high. You will wait for years to see the price lowers so you can invest more and wait for another years for the price to go up before deciding to sell your bitcoins.

 

[Fidelia]

The truth is that it is not even possible for me to invest in bitcoin now. I am holding on to Ethereum for the long run. I believe I would still have profitability.

 

[Suba]

In my experience, buying and hodling or investing in Bitcoin for the long term of more than 10 years is indeed profitable because the price of Bitcoin is getting higher and the supply of Bitcoin is getting scarce, but with this method we cannot make maximum profits if it is not accompanied by a take profit when the price of Bitcoin skyrockets, and then you buy Bitcoin back when the price goes down.