My plan is too get rich by just holding the bitcoin because I think with holding you can make a lot of money without doing something with it.
I do not spend any bitcoins these days.
Yes just by holding you can earn a lot of profit in the future a lot of people are nowadays doing the same and the other thing is that you should have to buy more as if the demand increases the value increases more.
Earning a lot of profit just by holding is nice but you need a lot of btc in order to get much profit, unless the price is up more than 100% from when you bought it.
Not really. If one buy at the right time and hold onto it for a long time, than the profit could be more than 2x. Looks at the 2013 bubble. Within a few months, the price of Bitcoin rise from around 100 USD to 1000 USD.
even it's not 100%, you still can get the profit. and i dont think that in 2016 the price can rise so high that can be 2 times more bigger than today.
and with the halving power too, if it's reach the 200%, the time isn't so long after halving done