How to keep Bitcoin while getting benefits

Kocret02

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Quote from: Irenerty on August 04, 2021, 11:40:21 PM

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

Your only way is to hold bitcoins until the bitcoin price doubles. because there is no other way than that other than you have to invest or trade bitcoin to make a profit.

tygeade

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Pardon me if this has been already told but this is the easiest way of preserving bitcoins/altcoins while still making profits.

1- Sell a small part of BTC
2- At some point, surely the price will come down - BUY

If the price only goes higher, no worries you still hold a lot of coins.

Sounds very basic but actually works as well. Alternatively you can go for futures trading where you earn exponentially for every dollar BTC goes higher but it comes at a risk of losing the coins if the price comes down even a little.

fullhdpixel

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Quote from: layoutph on August 21, 2021, 10:51:12 AM

If BTC taps 1million for sure it will crash soon, better sell it to usdt then stake it to pancakeswap.

Really bad mentality. If Bitcoin ever reaches 1 million dollars, it means that surely it has been legalized in some countries and there are merchants accepting bitcoins commonly. In such a scenario I don't believe the price should ever crash by much. Small movements are always going to happen because that's an intrinsic property of Bitcoins.

Seriously, there is no way you keep the coins while also profit from them. You can either hold them or just sell them and encash your profits at a particular price. You can do things like lending and staking but I would highly suggest NOT doing those things because they don't end well for everyone.

layoutph

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If BTC taps 1million for sure it will crash soon, better sell it to usdt then stake it to pancakeswap.

Quote from: Irenerty on August 04, 2021, 11:40:21 PM

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

killerman2

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I think you have to use option of staking though which you can earn and not losing your bitcoin but another thing i must prefer you can use a less amount of it in another coins and trade through them, it would probably give you much profit as well. So, these two options i preferred you to use.

Shasha80

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Quote from: awik p on August 16, 2021, 11:24:58 PM

Quote from: ReiMomo on August 16, 2021, 03:21:35 PM

Quote from: Shasha80 on August 16, 2021, 05:29:48 AM

Staking is indeed a good choice for us to be able to get profit, rather than just keeping the Bitcoins we have. There's nothing wrong with trying staking
on several trusted platforms, because we have to be careful in choosing platforms for staking. There are so many scams going on in the crypto world,
do not be too easily attracted by offers that are too tempting. Even though we want to do staking, there must be some Bitcoin that we store in our
personal wallet. Moreover, the price of Bitcoin is currently on the rise, collecting Bitcoin and storing it is still the safest and best option.

When I read the question, just staking came into my mind. Good to see many have assisted him on it. Yes, I have an experience in staking and earning profits not from bitcoin but from other crypto currencies. Yes, stake or if you are good enough in day trading, then yes multiple your bitcoin. Let your coin be in a circulation, so that you learn something and earn something instead of keeping it at one place.

many suggest staking, indeed this is not a big risk, but indeed with trading we will be able to make more money if we have knowledge about trading, which many people say have difficulty trading. day trading is not easy, but if we study hard, then the profit can be to buy btc back or meet the needs of life without reducing the amount of your investment

Everything will be easy if we want to learn it, many people think trading is difficult because they don't have enough knowledge. Therefore,
we must explore all things in the crypto world, don't just focus on holding Bitcoin. Because there are so many opportunities in the crypto world
to be able to make money. There is nothing wrong with us trying all the opportunities available in front of us, but by having knowledge in advance,
so that we do not take the wrong steps and make wrong decisions.

Yatsan

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Quote from: Irenerty on August 04, 2021, 11:40:21 PM

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

Using Bitcoin as a collateral in a loan seems to be risky because even if we do know the possibility that Bitcoin can increase its price in any time, still it is risky to be stated using it for the purpose of loan for we certainly do not know when the price will go up since it is highly volatile. If ever the price gets doubled, I think you can use up the profit gain on getting another loan done but I think it is just enough to be sticking on only just one loan for you might get difficulty handling your funds managing two loans if ever.

awik p

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Quote from: ReiMomo on August 16, 2021, 03:21:35 PM

Quote from: Shasha80 on August 16, 2021, 05:29:48 AM

Quote from: checkmatesir on August 16, 2021, 04:01:00 AM

The best way for getting benefits while keeping bitcoin is that you can keep the coin as staking but you should be aware of the sites that can fetch your coins and the sites which are always hacked by the hackers, a trust-full site will be better for staking and another option is that you can keep a little or more percentage of bitcoin, if it increases you will got more profit.

Staking is indeed a good choice for us to be able to get profit, rather than just keeping the Bitcoins we have. There's nothing wrong with trying staking
on several trusted platforms, because we have to be careful in choosing platforms for staking. There are so many scams going on in the crypto world,
do not be too easily attracted by offers that are too tempting. Even though we want to do staking, there must be some Bitcoin that we store in our
personal wallet. Moreover, the price of Bitcoin is currently on the rise, collecting Bitcoin and storing it is still the safest and best option.

When I read the question, just staking came into my mind. Good to see many have assisted him on it. Yes, I have an experience in staking and earning profits not from bitcoin but from other crypto currencies. Yes, stake or if you are good enough in day trading, then yes multiple your bitcoin. Let your coin be in a circulation, so that you learn something and earn something instead of keeping it at one place.

many suggest staking, indeed this is not a big risk, but indeed with trading we will be able to make more money if we have knowledge about trading, which many people say have difficulty trading. day trading is not easy, but if we study hard, then the profit can be to buy btc back or meet the needs of life without reducing the amount of your investment

ReiMomo

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Quote from: Shasha80 on August 16, 2021, 05:29:48 AM

Quote from: checkmatesir on August 16, 2021, 04:01:00 AM

The best way for getting benefits while keeping bitcoin is that you can keep the coin as staking but you should be aware of the sites that can fetch your coins and the sites which are always hacked by the hackers, a trust-full site will be better for staking and another option is that you can keep a little or more percentage of bitcoin, if it increases you will got more profit.

Staking is indeed a good choice for us to be able to get profit, rather than just keeping the Bitcoins we have. There's nothing wrong with trying staking
on several trusted platforms, because we have to be careful in choosing platforms for staking. There are so many scams going on in the crypto world,
do not be too easily attracted by offers that are too tempting. Even though we want to do staking, there must be some Bitcoin that we store in our
personal wallet. Moreover, the price of Bitcoin is currently on the rise, collecting Bitcoin and storing it is still the safest and best option.

When I read the question, just staking came into my mind. Good to see many have assisted him on it. Yes, I have an experience in staking and earning profits not from bitcoin but from other crypto currencies. Yes, stake or if you are good enough in day trading, then yes multiple your bitcoin. Let your coin be in a circulation, so that you learn something and earn something instead of keeping it at one place.

tvplus006

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Quote from: Alisha-k on August 16, 2021, 02:33:13 AM

If you can't keep fiat currency in your house and expect to earn from it the same thing is applicable to your coin. You can only earn if you stake your coin for a period of time while you earn a certain percentage annually and this service is provided by non-custodial wallets but the challenge is it's prone to cyber attack and can be hacked easily.

Thus, you will not earn, and it is possible that you will lose your bitcoins. Everyone knows that the best way to get a profit from BTC is a long-term hold. And in that case, if you have a need for money, it will be enough for you to sell the necessary part of BTC. And the remaining part will still bring you profit in the form of an increasing asset value.

Shasha80

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Quote from: checkmatesir on August 16, 2021, 04:01:00 AM

The best way for getting benefits while keeping bitcoin is that you can keep the coin as staking but you should be aware of the sites that can fetch your coins and the sites which are always hacked by the hackers, a trust-full site will be better for staking and another option is that you can keep a little or more percentage of bitcoin, if it increases you will got more profit.

Staking is indeed a good choice for us to be able to get profit, rather than just keeping the Bitcoins we have. There's nothing wrong with trying staking
on several trusted platforms, because we have to be careful in choosing platforms for staking. There are so many scams going on in the crypto world,
do not be too easily attracted by offers that are too tempting. Even though we want to do staking, there must be some Bitcoin that we store in our
personal wallet. Moreover, the price of Bitcoin is currently on the rise, collecting Bitcoin and storing it is still the safest and best option.

checkmatesir

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The best way for getting benefits while keeping bitcoin is that you can keep the coin as staking but you should be aware of the sites that can fetch your coins and the sites which are always hacked by the hackers, a trust-full site will be better for staking and another option is that you can keep a little or more percentage of bitcoin, if it increases you will got more profit.

Alisha-k

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Quote from: Irenerty on August 04, 2021, 11:40:21 PM

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

If you can't keep fiat currency in your house and expect to earn from it the same thing is applicable to your coin. You can only earn if you stake your coin for a period of time while you earn a certain percentage annually and this service is provided by non-custodial wallets but the challenge is it's prone to cyber attack and can be hacked easily.

noorman0

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Quote from: breathlessz on August 15, 2021, 12:09:37 PM

Yes, I've heard of this method, and as far as I know staking only puts our assets so that we will get passive income which is limited in time according to the regulations applied. it is a kind of deposit in cryptocurrency, because we have to spend a set amount of time to be able to withdraw our assets, moreover the op is planning not to take the assets

Staking also places assets with 3rd parties and there is no bitcoin staking service (meaning your bitcoins are completely locked). If you suggest OP exchange his bitcoins to altcoins for staking, I think you are suggesting risk to OP. Behind the attractive staking reward offer, there are several disadvantages of staking besides the risk of losing the value of the altcoin itself:
https://insurace-protocol.medium.com/defi-education-series-what-are-staking-risks-fee7aca3183c

suzanne5223

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Quote from: Ryker1 on August 14, 2021, 04:40:37 PM

Quote from: blockman on August 14, 2021, 02:23:53 AM

Quote from: suzanne5223 on August 13, 2021, 01:56:45 PM

2) Stake your Bitcoin holding on exchange site that have SAFU, plantform like Sovryn (i heard they provide an outstanding APY for USDT staking), or casino that provides dividends.
This are the profitable way I know that you keep your holding and get more benefit.

I would avoid staking it on any exchange even they are reputable. It may look profitable but I won't compromise the safety of my bitcoin. Well, in those staking features in exchanges, the more you stake, the higher profit that you shall receive, and that encourage depositors to put more bitcoin at stake. But isn't that too risky for someone who thinks about it? I haven't used any stake in any exchange like that you've mentioned and prolly won't do any of it in the future. I'll keep it on my wallet which I think is better.

Well, that is right -- there is no guarantee even if that is a reputed exchange. OP looking for benefits while holding your bitcoin, I don't think holding is enough to have benefit for him because when the price will go up, the amount will surely increase and in that way, you will earn a profit on it while holding.
However, everything has a risk if you let your bitcoin handle to others or third party like staking on an exchange, you are not holding or keeping your bitcoin in the first place. But if you really want to take a risk and potentially looking to double the number of your assets, just do trading and gambling using your bitcoin, that is the only way.

One of the key rules of making a profitable investment in cryptocurrency is to always invest the amount you can afford to lose and not your keys not your coins come into play staking on an exchange site is the worse decision. However, this is not a problem if we talk about Sovyrn staking because its a noncustodial system for Bitcoin lending, borrowing and margin trading.

jostorres

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Quote from: dustboy on August 15, 2021, 03:52:59 AM

Other thing we can do is offering lending service but be sure to lend it to people we trust only, or offer it with collateral requirement. By this lending service, we can get some profit from the interest and the amount can be bigger than normal staking like what is offered by freebitcoin.

Lending services are almost always a horrible way to use your money, of course there will be periods when you will make some money from it, but all in all we have seen multiple times that people do not care to pay their loans back when it is crypto. There was even a website that required you to fill your KYC, all the pictures and stuff, and even with that there was a 30% or so default rate which is too much to continue since the returns barely ever reached that yearly.

This is why people should realize that as long as it is not legal in the eyes of the law, two people on the same place, a contract signed, and cops serving to help the one who got wronged and put the scammer in jail, then it will not work, we need those things to make sure scammers do not just steal the loan and get away, even if you have KYC they could just ignore it if they are on another nation.

bittraffic

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Try blockfi. I have heard most of the investors who are trying to make money out of the BTC they have are joining Blockfi for lending. It's a centralized finance platform that has been introduced by many social media influencers today. I think this is the only that can be done with BTC with very minimal risk.

Quote from: breathlessz on August 15, 2021, 12:09:37 PM

Quote from: ninabobo on August 15, 2021, 02:33:15 AM

Quote from: Karish2return on August 05, 2021, 04:24:53 AM

The best option according to my opinion is of staking them, then only it will give you profit without selling them but the staking should be in that way that id is trusted completely otherwise you will lose it.

Well said, staking is the only way to take profit without selling off the bitcoin used as capital, in staking the actual amount of bitcoin remains safe depending on the platform used for staking while the outcome or profit it gives can be taken out, by the way the amount of bitcoin used as capital won't be shortened no matter the high bitcoin becomes, the staking rewards can be sold and still yet the capital remains solid.

Yes, I've heard of this method, and as far as I know staking only puts our assets so that we will get passive income which is limited in time according to the regulations applied. it is a kind of deposit in cryptocurrency, because we have to spend a set amount of time to be able to withdraw our assets, moreover the op is planning not to take the assets

There's still a risk to staking but at least if you plan to hold for long term, you can be assured that you still have your coins and its increasing too.

breathlessz

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Quote from: ninabobo on August 15, 2021, 02:33:15 AM

Quote from: Karish2return on August 05, 2021, 04:24:53 AM

The best option according to my opinion is of staking them, then only it will give you profit without selling them but the staking should be in that way that id is trusted completely otherwise you will lose it.

Well said, staking is the only way to take profit without selling off the bitcoin used as capital, in staking the actual amount of bitcoin remains safe depending on the platform used for staking while the outcome or profit it gives can be taken out, by the way the amount of bitcoin used as capital won't be shortened no matter the high bitcoin becomes, the staking rewards can be sold and still yet the capital remains solid.

Yes, I've heard of this method, and as far as I know staking only puts our assets so that we will get passive income which is limited in time according to the regulations applied. it is a kind of deposit in cryptocurrency, because we have to spend a set amount of time to be able to withdraw our assets, moreover the op is planning not to take the assets

RealMalatesta

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Quote from: LimLims on August 15, 2021, 12:23:02 AM

If you are talking about holding a coin then how you expecting to earn profit.
When you hold a coin for long term then you should also expect the profit to come after long time.
Regarding the BTC loan, yes you can do that but yes it’s again some other people’s money and collateral issues.
So it’s better not to dream for quick profits. Hold the BTC as much time as you can and enjoy the profit at last.

What he’s trying to say is that he doesn’t want to spend his bitcoin, that he would like to borrow money and then give equivalent of his BTC to them as collateral, and later he would pay back the borrowed money and get back his BTC. What he’s trying to do is to save his coins in case the price should go up around the time he would be spending it, so instead of spending the coins he would just borrow money in place of it and save it. That’s what he’s trying to say.

If he can be able to pay back the money that he has borrowed at the right time and not end up losing the BTC that he used as collateral, then it wouldn’t be bad if he tries it, cause people do it regularly by making use of platforms such as Nexo and the rest of them.

dustboy

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Quote from: ninabobo on August 15, 2021, 02:33:15 AM

Quote from: Karish2return on August 05, 2021, 04:24:53 AM

The best option according to my opinion is of staking them, then only it will give you profit without selling them but the staking should be in that way that id is trusted completely otherwise you will lose it.

Well said, staking is the only way to take profit without selling off the bitcoin used as capital, in staking the actual amount of bitcoin remains safe depending on the platform used for staking while the outcome or profit it gives can be taken out, by the way the amount of bitcoin used as capital won't be shortened no matter the high bitcoin becomes, the staking rewards can be sold and still yet the capital remains solid.

Other thing we can do is offering lending service but be sure to lend it to people we trust only, or offer it with collateral requirement. By this lending service, we can get some profit from the interest and the amount can be bigger than normal staking like what is offered by freebitcoin.

Topic: How to keep Bitcoin while getting benefits (Read 631 times)