Is Holding Bitcoin for 20 years a good idea?
moonshine7000
Elite Member
- Mar 4, 2013
- 4,377
- 4,007
That is a slow way to make money.I would rather earn bitcoin via affiliate marketing, be the one selling the shovels.
- Nov 7, 2025
- 109
- 36
I think that's not a bad idea either. However, at a certain point when there's a reasonable profit, you should sell and wait for an opportunity to buy back in. This way, you can achieve compound profit.
- Aug 14, 2023
- 126
- 44
I think this would be a better and smarter decision than buying Bitcoin. It seems to me that Bitcoin will not grow as much from current prices as it has over the past five years.
seothatranks
Power Member
- Nov 28, 2023
- 674
- 189
The risks like hacks will always be there. In fact, we cannot be sure that we will even live for next 20 years. Like so many people who made lot of investments before COVID saw all end up with death. But that does not mean you should give up on all investments.
- May 2, 2010
- 10,015
- 16,155
No. As it won't increase in anyway the massive gains it had before it was popular. You can make more money with a well oiled business process now every month, than you can "waiting" on the magic day that bitcoin becomes a quadzillion dollars for one, lol it went up in the last year. But not more than 200%?. Thats an average markup for some shops! lol and you could be getting that cash in your hand, without worrying about 20 years, and "hoping" it will go up and value. So you can climb aboard the mythcal band wagon of "i made millions from bitchong" (really you missed the REAL first big profit jump in prices.) and you don't want to look like a noob or admit it, so you chase the magic dragon. Better investing your money into your business, and stocks, from things that you buy everyday in your country, to do your bit for the countries invemstment economy.
- Apr 27, 2016
- 6,359
- 2,519
You can buy some and forget it. Or you can buy some other crypto with potential.
Seo Captain
Elite Member
- Jun 16, 2022
- 2,104
- 587
There are always risks like hacks. In fact, if you hold 10000 worth crypto in binance, the probability of all of it getting lost in hack or something is very high. That is why it is recommended to store in private wallets but that it also not 100% safe.
wodzinskan
BANNED
- Oct 20, 2025
- 206
- 67
It's not wrong to invest in crypto and definitely an important move if we're talking about 20 years here, but you should diversify into different cryptos such as Ripple, Solana and a few others – but use private wallets!
whiteline9
Junior Member
- Feb 24, 2023
- 105
- 31
I think the probability that the price of btc will be zero is low.
And I think using a hardware wallet will alleviate some of your worries about hacking.
And I think using a hardware wallet will alleviate some of your worries about hacking.
SCRLAffiliate
Newbie
- May 8, 2024
- 29
- 28
That's not a good or a bad idea
It depends on your knowledge of the underlying asset
and for all that matters in terms of security concept just don't hold it on a Centralized exchange be the owner of your keys
SCRLAffiliate
Newbie
- May 8, 2024
- 29
- 28
How can you be that sure.
honestly
- Oct 9, 2013
- 3,475
- 14,484
Bitcoin isn't really about making money. It's about wealth preservation.
If you want to hold money for 20 years for the future, yes, do it.
If you want to grow your money beyond inflation, there are better ways.
But it's a good plan to have a % of your income go into long term wealth preservation.
solanarocks
Regular Member
- Nov 21, 2024
- 276
- 70
You should keep watching the progress and decide based on that.