I'm into this idea but it got me thinking what if the platform that I lent my bitcoins suddenly closed or hacked, then what happens to my btc? it's lost forever unless they will compensate for the damage that has been done.
I'll probably lend some but for the people that I know.
This might probably be the risk of investing your bitcoin to lend it to a company, there's no assurance that you have a money back, though, I do consider that an investment to be invest again will surely return higher profit. On the other hand, we need to risk too much as well.
I am curious about the survey and the company itself, but I don't think I could be the one to answer it as I am not into bitcoin lending, I might just wait for the result and see how the company performs in the latter future.
when you invest in bitcoin then you should not use money from savings because if you use the money from loans it will have a very high risk and you better invest using your own money so that when prices fall you don't bother thinking about money and should replace money from your loan.
Well, I think investing is really that risky but if you really know what to do, what I mean is that you are well informed about everything especially on investing. That risks might be lowered in the probability of losing money because some investors really investing their money without knowing important information about the project. Lending your money on a secure profit is awesome but lending your money on a risky one but you are well-informed about it is better I think. It is all about the knowledge you have, what are you gonna do if you are thinking about the lose, how are you gonna win if you are not trying right?
Re-investing in btc have to do with personal decision, I'll rather do this on my own by being a daily trader rather than lending my btc to any platform. Although they're some that still legit out there but being a chief pilot of your investment is always a secured method for me.
Is all about setting out your goals and target from your daily trading, Although some traders still find difficult to be contented with their little profits in btc trading. Btc market now showing a good momentum with other aItcoins, So HODLing is the best option for me now rather than investing my btc for any platform that can get hack.
Indeed, but for me as of now, it is actually depending on a person if he really wants to invest his money and wants to trust BTC again. Maybe at some point of his journey here, he can really do some better to earn BTC, it is not wrong to take a risk again since the market is recovering as of now.
