Holding Bitcoin for long-term is risky?

[pakhitheboss]

Bitcoin is considered the most reliable cryptocurrency in the world due to its decade-long history. It is the only coin that has consistently provided the highest return on investment (ROI). Accumulating Bitcoin can increase profitability, and it is a relatively low-risk investment option. Unlike other cryptocurrencies that come and go, Bitcoin has a proven track record, making it a trustworthy investment choice for any investor.

[MVL~$]

Holding Bitcoin for a longer period of time may increase your chances of profit. Because the price of Bitcoin is likely to increase. And it is not possible to get a proper idea about it. However, if you have a source of income and then invest your extra money or earnings in Bitcoin, you are more likely to profit from it in the future. And if you invest all your money in Bitcoin and you have no source of income then it can be a loss for you.

[KingsDen]

• Day traders 
• Short term investors
• Long term investors 

In these categories. The first two are those which can face loss because they are traders or short term investors. The short term traders are at low risk. And the Long term investors who have no risk particularly if they will choose Bitcoin for investment. So if anyone want to choose any of them so I will suggest to choose the last category.

In as much as I will agree with you that the last option is the best and maybe the safest, we should also understand that it has its own disadvantages. The last method is best for someone who will not be needing the investment capital and profit in 2yrs time. Having the investment goal of 4 to 5 years is what is needed for the last category and it is not everyone that has that patience or is buoyant to sustain out of investment for that period of years.

This is the reason it is advised that we should invest with the amount of money we can lose or forget. Bitcoin investment is not good for someone who wants it to pay house rent in the next month.

[$crypto$]

The three different categories have their advantages and aswell as disadvantages. But anyone who has knowledge of the chart can make big profits from being a short term investor. And I think that is the angle Op is coming from. A short term bitcoin investor must have made so much gain in bitcoin in the past 3 weeks while a long term investor who bought in 2021 at the price of $50k is still at lose.

For me it's still long-term for bitcoin rather than short-term, I know it's up to them about the profit target they want but again I myself choose a long-term target because it has more potential for higher gains than short-term.

Then there is why mention from 2021? How about an investor who bought in 2022 at the lowest price of $16K? That now has an ROI of more than 150% if sold now but many of them would rather hold on than sell midway.

If someone bought at $50K it is better to HODL than to lose, because soon it will be Halving and they can enjoy the profits when bitcoin rises again.

[Mayajal]

@Op It is never dangerous to hold Bitcoin long term, if you invest in Bitcoin for a long time then you will definitely see. Bitcoin price increase in 2024 where there is Bitcoin Halving.  So this bitcoin halving cycle happens every four years so the price of bitcoin increases massively during this halving. I think if you are holding bitcoin long term for four to five years then you will definitely get huge benefits depending on the price of bitcoin.

[nakmantu99]

I think Holding Bitcoin for a long time is not risky, but there might be less profit if i don't do trade.. So, to make a good profit from BTC we must do the short-term trade as well.

What do you think?

I think If you buy bitcoi at bearish and hold ford long term isn't risky.
You can  sell it while bitcoin halving. The price will more expensive than you bought before.
Investment is buying and selling at the right time

[gunhell16]

I think Holding Bitcoin for a long time is not risky, but there might be less profit if i don't do trade.. So, to make a good profit from BTC we must do the short-term trade as well.

What do you think?

You have a point in what you said, and it's actually true. But it is better that, apart from holding Bitcoin, we also do trading activity so that we can get profit from it. Of course, with each passing day, we make a profit. For everything to be balanced.

Although it is also true, I agree that the risk is small when we do long-term holdings. But at the same time, we should also have earnings coming in through short-term trade.

[Primo1760]

I think Holding Bitcoin for a long time is not risky, but there might be less profit if i don't do trade.. So, to make a good profit from BTC we must do the short-term trade as well.

What do you think?

Trading and investing are two different things. If you invest in Bitcoin you must hold it for a long time and not trade there. Because you will only regret when you buy low and sell a little higher and then see the price go up even more. On the other hand, if you follow the DCA method of investing, you can make a lot of profit in Bitcoin halves. The target should be fixed either not trading or buying and holding Bitcoin for a long time. But there is no risk in holding bitcoins for a long time if you don't lose the seed phrase of the wallet holding your bitcoins.

[Hatchy]

The target should be fixed either not trading or buying and holding Bitcoin for a long time. But there is no risk in holding bitcoins for a long time if you don't lose the seed phrase of the wallet holding your bitcoins.

Long-term holding of Bitcoin comes with additional risks, such as the potential for scams or hacking. These issues are common in the Bitcoin community, with instances of hacks worth millions of dollars often making headlines. These incidents can be caused by malicious websites or bugs circulating on the internet. To minimize the risk of losing your Bitcoin holdings, it's advisable to store them offline using hardware wallets or airgapped devices. While long-term holding is generally considered the best practice for Bitcoin investors, those looking for short-term profits may explore short-term trading. Keep in mind that engaging in trading requires bearing the associated risks, especially if you're not experienced in the field.

[gandame]

The target should be fixed either not trading or buying and holding Bitcoin for a long time. But there is no risk in holding bitcoins for a long time if you don't lose the seed phrase of the wallet holding your bitcoins.

Long-term holding of Bitcoin comes with additional risks, such as the potential for scams or hacking. These issues are common in the Bitcoin community, with instances of hacks worth millions of dollars often making headlines. These incidents can be caused by malicious websites or bugs circulating on the internet. To minimize the risk of losing your Bitcoin holdings, it's advisable to store them offline using hardware wallets or airgapped devices. While long-term holding is generally considered the best practice for Bitcoin investors, those looking for short-term profits may explore short-term trading. Keep in mind that engaging in trading requires bearing the associated risks, especially if you're not experienced in the field.

In terms of the security of your wallet, it is an individual responsibility we should take care of. It is a different kind of risk compared to the risk of holding Bitcoin in regards to the movement of price in the market but yes it is part of the risk we face when we decide to hold Bitcoin for a long time. This is why taking care of our seed phrase or buying a hardware wallet should be taken seriously.

[Gladitorcomeback]

Long-term holding of Bitcoin comes with additional risks, such as the potential for scams or hacking. These issues are common in the Bitcoin community, with instances of hacks worth millions of dollars often making headlines. These incidents can be caused by malicious websites or bugs circulating on the internet. To minimize the risk of losing your Bitcoin holdings, it's advisable to store them offline using hardware wallets or airgapped devices. While long-term holding is generally considered the best practice for Bitcoin investors, those looking for short-term profits may explore short-term trading. Keep in mind that engaging in trading requires bearing the associated risks, especially if you're not experienced in the field.

Hacking and scams are common in cryptocurrency, and the risks are high, but the biggest reason not to hold Bitcoin for long time is that we often miss out on the opportunity to make a nice profit in Bitcoin. The cryptocurrency market is volatile, so often times we make a good profit, but we also often end up at a loss trying to make more profit.

Therefore, instead of holding for a long time, one should sell when a good profit is made and wait for a lower price to buy again. If one has good capital, he can earn good returns even in short term investments. For short term you can trust any good exchange where you can keep your bitcoins for trade. Risks are everywhere whether it is cryptocurrency market, Bitcoin or any business. So we should invest or trade keeping all the risks in mind.

[Coinmama7824]

Risky? Of course it's not risky, infact on the contrary, the main idea of bitcoin is to hold for a longer period of time, it's not like altcoins that you just buy and expect to make profit in short period of time.

[elbans89]

Risky? Of course it's not risky, infact on the contrary, the main idea of bitcoin is to hold for a longer period of time, it's not like altcoins that you just buy and expect to make profit in short period of time.

That's true, hold bitcoin for long term is not risky, but It's very profitable.
bUt we should buy when bearish and sell at bullish.
Maybe hold for 3-4 years is the best way to do.
Every bitcoin halving we will gain profit

[Carbitcoin]

Risky? Of course it's not risky, infact on the contrary, the main idea of bitcoin is to hold for a longer period of time, it's not like altcoins that you just buy and expect to make profit in short period of time.

That's true, hold bitcoin for long term is not risky, but It's very profitable.
bUt we should buy when bearish and sell at bullish.
Maybe hold for 3-4 years is the best way to do.
Every bitcoin halving we will gain profit

In any case, there is no risk. Anyone who knows even a little about the cryptocurrency market is confident about the future of pricing.

[goaldot]

It depende on the situation, if the price is very low then you should hold it until the price will rise. Long term holding isn't risky. You just have to check the price from time to time to make good decisions.

I believe in your opinion, it is better to keep it long term when the price is less. It will be risky only when the price is high and you want to keep It long term. That will make some holders of Bitcoin say it is risky for keeping long term investment.