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.

ninabobo

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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.

kkaroul4

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You mean keeping your Bitcoin but at the same time getting profit? I think holding will do the work as long as the price keeps increasing but there are some alternative ways you can do such as participating to staking but I think it's much better if you choose a service where you can unstake your Bitcoin anytime rather than a lock investment in that way if the market crash you would be able to sell it.

rodskee

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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?

you can earn by staking but this is risky as you need to find super legit company to put your funds because in certain time , the coins will be on them as the process of staking is running so basically it is for you to decide how long will it takes.
but also if the day comes bitcoin achieve 10 million dollar value then for sure you will have other option to invest from altcoin so your decision might change that time and may convert some of your bitcoin to another altcoins that can generate increase when altcoin season comes.

Quote from: Rajamuda on August 15, 2021, 12:08:44 AM

I only suggest just do your best, and I still think that the long term is still very promising for profit, it doesn't matter if you don't get the initial investment income I guess, we can still keep holding it patiently, but indeed if it's really necessary... the point is we can examine of price movements where its highs and lows in the near term.

He is asking what to do and you are advising doing his best ? how and what strategy that might me.

so98nn

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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?

There are plenty of crypto sites who can provide you interest on your savings. For example, 4.08% can be earned on Freebitcoin website just by saving your bitcoins on their account. As far as I know freebitcoin is the most trusted website on the net and moreover, there is also one program which gives you 10% additional interest rate by holding the FUN token. You can check the whole thing on freebitco(dot)in. Also read all the terms and conditions before investing your money. Or else you can just go ahead start trading your bitcoins. You are saying lot of bitcoins which is huge amount of money. Even 4% interest from the sites can be enough for you. Cheesy

LimLims

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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 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.

Rajamuda

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I only suggest just do your best, and I still think that the long term is still very promising for profit, it doesn't matter if you don't get the initial investment income I guess, we can still keep holding it patiently, but indeed if it's really necessary... the point is we can examine of price movements where its highs and lows in the near term.

Yamifoud

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Quote from: DibiaVxosis on August 14, 2021, 05:42:16 PM

There is no how you can take profit without selling your bitcoin, assuming you bought $50 worth of bitcoin and the price doubles, then you want to take profit and keep the capital all you got to do is to sell part of your bitcoin that worth the amount of profits you want to take and leave the rest, that the only way you can take profit, you can't eat your cake and have it back, if you don't want to sell then you don't need to take profit.

Well, if you just know about staking, maybe you don't need to sell your Bitcoin for the sake of making a profit. In fact, this was already been used by many and the profit is good but never it thinks that really give you a huge profit, unlike trading. But the good thing about staking is that your funds are safe provided that you are using a reputable site. But also have to keep in mind that putting funds in the exchanges is also at risk, so it was best not to hoard big amounts.

Clavulanic

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Quote from: DibiaVxosis on August 14, 2021, 05:42:16 PM

There is no how you can take profit without selling your bitcoin, assuming you bought $50 worth of bitcoin and the price doubles, then you want to take profit and keep the capital all you got to do is to sell part of your bitcoin that worth the amount of profits you want to take and leave the rest, that the only way you can take profit, you can't eat your cake and have it back, if you don't want to sell then you don't need to take profit.

That idea is somehow interesting, you're only going to spend the gains and just letting your capital run until such time it gained much bigger profit. Spending everything isn't a wise idea, so we should think wisely before taking actions.
Diverting you profit with other coins that has good potential was also another strategy, you're getting good gains while presently holding btc and enjoyed all benefits.

DibiaVxosis

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There is no how you can take profit without selling your bitcoin, assuming you bought $50 worth of bitcoin and the price doubles, then you want to take profit and keep the capital all you got to do is to sell part of your bitcoin that worth the amount of profits you want to take and leave the rest, that the only way you can take profit, you can't eat your cake and have it back, if you don't want to sell then you don't need to take profit.

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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.

Kayum10029

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Bitcoin is a long-term investment coin, it is not possible for anyone to profit from Bitcoin if they lose patience by investing in Bitcoin. You will see that you can invest in Bitcoin and save it for a long timeYou will go through a lot. So invest in Bitcoin and wait patiently.

suzanne5223

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Quote from: jostorres on August 14, 2021, 01:01:59 AM

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

1) Offer lending service but this is somehow risky and I will advice you have proper knowledge before starting it.

Lending through this forum might be a secured one. But, heavy competition a new lender may experiences as I do see already lots of lenders are active these days (lending must be an easier way these days for merits and trust core here).

Yes, but if think about loan defaulters I won't recommend lending here for the OP and the last time I checked there is a reputable crypto-related site like Nexo, etc which will handle it.

Quote from: jostorres on August 14, 2021, 01:01:59 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.

I am not aware of any of trusted services for bitcoin staking but some offers for other altcoins and stablecoins.
I agree trusted gambling houses must be a better way to enjoy benefits by investing bitcoins. Unfortunately houses like yolo/bustadice/crypto.games are no more in business or stopped investing opportunities.

I don't know about crypto games but I'm aware of Yolo and Bustadice stopping bankroll investment which is different from what the OP asks for and how staking is operated.

blockman

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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.

CryptopreneurBrainboss

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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?

By continue holding it and not getting carried away woth the thousands of ways that'll be invested in disguise of you profiting while as not selling your Bitcoin. Of Bitcoin was ti reach that speculation of yours (which isn't unlikely) then expect scammers ti uo their games in trying to steal your bitcoin so instead if regretting later, better just hold unto your coins.

Start preparing now for alternative wayse that'll help you then in not selling your Bitcoin. You can decide to just get some few altcoins but do note this isn't a guaranteed investment but provided Bitcoin has reach that price, it'll definitely take some altcoins with it like Ethereum and their likes so having to invest in them to be sold in future won't be a bad plan.

Don't ever think of giving your Bitcoin to any exchange to give you return or any investment platforms out there, instead basically just sell and rebuy when the price is lower and you have already taken the funds you need before rebuying.

jostorres

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

1) Offer lending service but this is somehow risky and I will advice you have proper knowledge before starting it.

Lending through this forum might be a secured one. But, heavy competition a new lender may experiences as I do see already lots of lenders are active these days (lending must be an easier way these days for merits and trust core here).

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.

I am not aware of any of trusted services for bitcoin staking but some offers for other altcoins and stablecoins.

I agree trusted gambling houses must be a better way to enjoy benefits by investing bitcoins. Unfortunately houses like yolo/bustadice/crypto.games are no more in business or stopped investing opportunities.

suzanne5223

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There many ways to keep your Bitcoin holding and also get benefits from it.
1) Offer lending service but this is somehow risky and I will advice you have proper knowledge before starting it.

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.

sheenshane

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There's no way to keep your Bitcoin while getting benefits without selling on it if you got a loan and your Bitcoin use as collateral, there could be a chance that your Bitcoin will sell at a lower price to pay your loan if you cant able find the cash to pay it. There's no way is to have a risk on it, it could be you are a lender, trader, staking and etc. that has a form of gambling that uses your Bitcoin with the return of Bitcoin itself.

But as I said, all of these have a risk, it might you will earn or lose a small percentage of your holding. I prefer not to bother myself with all of this if I can hold my Bitcoin in a long run and wait until it grow the price.

crzy

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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?

Staking can be the option but I think its not available with Bitcoin, and the only way to enjoy your profit is to sell it. You hold a lot of Bitcoin so there’s no need to take a loan, don’t hesitate to use your bitcoin to reinvest it in other project, that could be more profitable if you use your bitcoin the right way.

Hypnosis00

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Quote from: Coin_trader on August 05, 2021, 02:11:36 AM

The best way to earn passive income while holding your is through staking it but be careful on the platform you will use as @neuroticfish already explained above. The safest custodian wallet that offers staking is Binance and you can have some good APR there by just staking it. Just setup a good security measures there and pray that Binance will not gonna run(Very low chance).

Indeed, I've found staking is much easier and less risky unlike if we lend our Bitcoin to someone's custody or to a third party. In fact, I'm also using Binance exchange and use flexible saving so any time I could be able to withdraw them.

Well for me, I didn't just hold my Bitcoin for a very long time. A very simple trade like buying at low, hold, and then sell during the Bullrun (repeat the cycle)is quite more profiting, and I certainly not boring since you were still active in the market situation.

boyptc

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Quote from: bandungan on August 10, 2021, 02:41:38 AM

it's impossible bro if you only save in the wallet but hope to get a profit, in my opinion is the best way you have to hold while looking at the position of market conditions. because we need to know if market conditions go up bitcoin can be sold at a high price and that's a wise choice

It's already assumed by op and what if it reaches 1 million.

There were already suggestions that have been said that how he can benefit from it but he has to do one thing, selling. We're going to sell if we want to trade it for anything, cash or another crypto and opposing the process to retrieve it with profits.

tvplus006

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

...I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. ..

The money received as a loan, using BTC as collateral, is not a profit. And you will not receive interest on it, but on the contrary, you will need to pay interest on the loan received. And if you are unable to repay the interest and the loan itself in a timely manner, then your BTC that you have deposited as collateral will be used to pay off your debt.

3la9l_kolbaCa

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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?

You could still get what you wanted from Bitcoin even holding within long term timeline, get small amount of the gains you had. Don't take everything because that's the reason why we lose a lot, so better manage your funds according to what you can afford to spend.
My advice about getting loans could be a worst case scenario, you might not make things work out to sustain profitably.

jaberwock

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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?

I have seen someone ask this same question once in this forum. In a case like this, if you don’t want to sell your bitcoin and you want to make use of it without having to give up on it, then you will have to give it out like you have said, and use it to take a loan and then pay back later and have back your assets.

There are lots of crypto platforms that does this. You give them your crypto assets as collateral and they borrow you money, and whenever you pay back, you can have your asset back, and it will be worth whatever the current market price is. That way you can save your crypto assets and make use of your profit without giving away your assets completely. But then you also have to be very careful. It’s always best to sell and use the money to do whatever you want and then when you get back you can invest again.

lablab03

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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?

through exchanges you can withdraw some of your profits bro without touching your capital.. Coz that's what I'm doing everytime i trade and there's enough profits.. Especially when i need money for something . But maybe it will work only if you'll transfer your money to spot account within exchange, but you should try if it will work through wallet section coz tbh i don't have experience bro when it comes withdrawing money from the wallet of exchange itself only spot account. . Lmao maybe it possible coz your balance is displaying in it.

bandungan

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it's impossible bro if you only save in the wallet but hope to get a profit, in my opinion is the best way you have to hold while looking at the position of market conditions. because we need to know if market conditions go up bitcoin can be sold at a high price and that's a wise choice

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: velosepur on August 07, 2021, 02:59:34 PM

Answer is staking what else.

The question arose because of this exactly. The reason why staking was being made popular even though the average outcome from staking is way less than profitable is not known to me. But of course, holding bitcoin in your own wallet at least makes sure it would not get stuck in limbo one fine morning and you get to know that the site got hacked where you kept your coins.

Dont forget that hackers are always trying to find loopholes in systems that appear new and are a focus of storing money. Reason why they target exchanges and they often get hacked and end up in the news.

I would like the OP to reply back to this topic, I hope the question they were meaning to ask but felt too shy to put it in words actually has been answered.

qory

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It's not that smart to hold it for long time if you are not sure if it's going to earn but if you are sure about it and you still want to have benefits while holding it, I could suggest that you should stake it. I am not sure where you can find that kind of service but you can stake your Bitcoin and earn more Bitcoin of course.

Rengga Jati

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1. You will not get any profits if you only hold Bitcoin without selling or cashing it out
2. You will see the value of your Bitcoin higher compared to USD or fiat rate when the price of Bitcoin is rising up
3.We cannot predict 100% when the price will be up very significantly as what we are expecting
4. Never get a loan to invest in Bitcoin because it is too risky to loose our money and we cannot get back the loan in the short time

Reid

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Mostly it will be with trading. You need to buy it back and gain some.
What you gain could be your starting point to make more profit and keep the initial investment that you made.
Just be sure you won't move that whatever happens.
Cons: Monitoring the crypto industry to trade better. Being active with any events that happen inside or even outside the crypto industry because some of them will affect it. It's a lot of work and that happens daily.

ven7net

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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?

Probably in order to make a profit on BTC without selling it at the same time, then for this it is enough to invest your BTC at a certain percentage, for example, to join a certain fund or organization. However, there are also risks in any investment that cannot guarantee 100% safety of your BTC. Perhaps in the near future banks will launch such a function, since there is already talk about this and then it may become a good opportunity to make a profit on BTC without selling it.

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Quote from: sempak on August 09, 2021, 07:35:44 AM

Just hold your Bitcoin and spends only if it's necessary. If you know how to trade you can easily double your Bitcoins or triple but that would be risky it would be like gambling. I think you mean staking your BTC right? your Bitcoin amount increase while the value of it increases as well. I'm get confused a little bit about the loan one.

Hodling won't make you money actively although it's your best option if you want to stay on the market hoping it will go up. For me, staking is a really good one because it helps you make some money while hodling although, I don't know any services that offer staking of bitcoin, probably other altcoins do some offers.

sempak

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Just hold your Bitcoin and spends only if it's necessary. If you know how to trade you can easily double your Bitcoins or triple but that would be risky it would be like gambling. I think you mean staking your BTC right? your Bitcoin amount increase while the value of it increases as well. I'm get confused a little bit about the loan one.

feelideb

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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?

I think the essence of having bitcoin is lost here if you give your bitcoin out to third party in order to earn interest when your bitcoin is loan out o there custmers. I made this mistake in 2014 giving out my bitcoin for ability to earn more with a trading company that was legit then but turn out to be scam years later!

TheGreatPython

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

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?

I am sorry that I am totally got confused with your statements.
Because, if you go for loans then you need to pay interest and you will not be in a side to earn interest.

If you mean that you use your bitcoins as collateral and then if you get some USD to lend out then you may earn interest but for that you need to earn more interest than your BTC loan (because for your BTC collateral based loan also you must need to pay interest and those interest-free loans may not be availed for long duration).

Could you please elaborate on what you are exactly looking for? So that, people here might be helping you up to your precious expectations.

yhiaali3

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Third-party services cannot be trusted, if you want to provide bitcoin as a guarantee, the third party that will give you the loan will not accept that the bitcoins remain in your hand, but must move to his hand to obtain the guarantee, in this case you are in great danger of losing these bitcoins because their keys are in third party hand. Also, if you do not succeed in paying off your debts in time, you will lose your coins as well.
Perhaps the solution in the future is to find some kind of services for Bitcoin, such as DeFi projects, I mean farming or staking and get profits in Bitcoin. In this case, you will keep your coins and get profits at the same time.

Boov

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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?

We don't know if we're going to get a loan again, but if you use the minimal portions of your gains; maybe you'll able to pay your loan eventually.
However, if you're going to do some loans today I don't think it's a wise thing because long term trading won't sustain if that money you're going to invest came from bank loans. Getting the benefits should also came from Bitcoin all alone but not the whole profit.

velosepur

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Answer is staking what else. Dont know to give you advice about staking and where to do it so check some advise of other members who have experience regarding your question.

Sterbens

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Quote from: Ararbermas on August 05, 2021, 01:03:02 AM

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're using ~~mulit~~ wallet such trust wallet or any wallet that has swap features, perhaps you can dump your profits without selling the entire amount of your bitcoin, but there's a lot of process for it for sure. Unlike here in my country that theirs a coins.ph wallet wherein you can easily convert bitcoin into fiats and any amount you want is ok.

Maybe you mean Multi wallet.
Then how can this be exchanged for the desired nominal amount? Is your country's fiat affected by massive inflation this year?
Because, all I know is that the price of Bitcoin is based on the current exchange rate with the market price and depends on how much money your country has compared to $1, don't you think?

one more thing, regarding the swap feature, would you suggest for the OP to end the Bitcoin price? whereas what it expects is how the Bitcoin owned has income. Unlike the Staking feature on one platform, the OP must be careful because there is no security that guarantees if one day the Staking process can stop and the Bitcoin balance is lost.

The Cryptovator

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Is anyone preventing you from selling your Bitcoin either you are in profit or loss? Since you are a Bitcoin holder means you know very well when you are in profit. Then definitely you can/should sell if you need cash. Bitcoin would pump or dump at any time. So hold for life, don't hold for a lifetime. You are buying Bitcoin with cash for the first time, so if you need profits then you have to sell it for cash as well.

Regarding lending, it depends on the lender. If collateral price dump then the lender would sell it in case you do not return the initial lent amount. But most likely he wouldn't increase the loan amount either price double. Because it would fall at any time and I don't think the lender will take such as risk. At least I won't take the risk if I were a lender.

ChrisPop

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Taking profit without selling? If you want to realise gains on any asset you trade, be it a commodity, stock or Bitcoin you're going to have to sell a part of it or hedge your positions with futures or options. The latter needs extensive knowledge and experience to implement successfuly. Be careful using derivative instruments. But again, you can't take profits without cutting the upside. For example if you sell futures you will lose some upside potential if Bitcoin decides to move another leg up.

I don't recommend using Bitcoin as a collateral unless it is insured/guaranteed somehow. AFAIK there is no service like this in the market at the moment, but in the future the insurance industry might adapt to cryptocurrencies as well. Keep an eye out for that. Wink

teosanru

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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?

This isn't actually a new thing, rich billionaires have been doing this forever, especially ones running their companies. They hypothecate their shares to take loans for their homes and luxuries and can get it at cheap rates, they even save taxes on this because no capital gain is realized until the asset is sold. However in your case, the problem is the volatility, if the price of bitcoin falls by chance, you will be in a very bad position. Even the lender will ask you to return the loan back. But one thing I am confused in your idea, how will you earn interest?? you will have to pay interest and you will earn from bitcoin's price moving up, the difference between both will be your profit. or do you mean something else?

Wexnident

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I don't request loans~

You can't actually? Well, loans or financial custodians could be a thing, but really, you asking that question is like asking how can I let the money sitting on my piggy bank profit, without actually pulling it out. Additionally, giving it to financial custodians defeats its purpose ngl, why bother buying Bitcoin when you're just gonna ask others to keep it for you, profit or not. I'd honestly expect more security with fiat than Bitcoin in that case ngl. I'd up for the DCA investment style, it's what I use right now and it doesn't hit my wallet that much with all the finances and stuff.

rhomelmabini

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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 buy right now and Bitcoin reaches a million dollar in value then you'd already in a lot of profit, don't be that greedy. You won't get any profit if you just let it stay, of course, the only way is selling it to profit. You should probably asked a financial advisor rather than getting an idea randomly.

If you want a loan best not to use a volatile asset collateral such as Bitcoin, it's too risky.

Quote from: ipanks on August 07, 2021, 09:02:34 AM

So I suggest you sell your bitcoin at a high price and buy it again when the price drops. That will give you a chance to have more bitcoin amounts than before. That will be your choice, which way you want to take.

For number 3 question I tend to have a consensus with this idea. You can do the DCA method as well then wait until your initial investment gets double and left the profit you made to invest again.

ipanks

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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?

You will not profit without selling bitcoin but if you loan your bitcoin and earn interest, you can increase your bitcoin amount. But if you are not selling your bitcoin, your bitcoin will remain as bitcoin.

If staking is your choice, you can use the exchanges, send some bitcoins to your account and lend it to traders and earn interest from that.

So I suggest you sell your bitcoin at a high price and buy it again when the price drops. That will give you a chance to have more bitcoin amounts than before. That will be your choice, which way you want to take.

passwordnow

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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?

You don't profit if you don't sell. But if you want to acquire what you've sold then you have to buy back at a lower price. It's the only thing that you can do but you have to sell bitcoin at some point and get them back again.

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

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?

That depends on where you've taken the loan, there's a contract and negotiation for that so you need to check all the rules before doing that plan you have in your mind.

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

How to keep the bitcoin while getting the initial investment income?

Going back with what I've said, you have to include and still do selling.

stomachgrowls

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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?

how can I get profit without selling Bitcoin?
-Cant be called profit until you do make out conversion or securing it.If you do tend to hold then consider those are presumpt profit.

If the price of Bitcoin doubles, can I get the loan again?
-No you cant

How to keep the bitcoin while getting the initial investment income?
-Just keep in mind that it wont really be considered profit until you do sell it.

tbct_mt2

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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?

1 Bitcoin is 1 Bitcoin but you don' get any profit if you don't sell your Bitcoin. You can see your balance rises in value but you don't get it actually if you don't use your Bitcoin to buy anything or don't sell it. In the future, you will have more options to use your Bitcoin for many things in life and don't have to sell it to fiat.

Quote

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?

Loan is bad and if you are bad in risk and liquidation management, you collateral will be liquidated and you will lose your Bitcoin.

Quote

How to keep the bitcoin while getting the initial investment income?

You can lend your Bitcoin on exchange and gains interest from it. However, it is not too good because the worst advice is store your Bitcoin on exchanges.

buwaytress

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Good answer in the first response already. Everyone tells you about lending and giving your Bitcoin up as collateral but you lose custody.

And if you think about it, that sole custody you get keeping bitcoin on your own wallet, is the extra benefit you have. Seecurity in the certainty that it will always be yours.

You want to recoup initial investment? Sell the coin you need, lock that fiat in bank protecting you with a state deposit guarantee scheme, and you are good.

There will be a fallout from defi and lending platforms when the boom cycle ends. You do not want to get caught in that maelstrom.

Karish2return

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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.

semobo

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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?

You can stake them to get small returns but you are not going to get the real profits without selling your assets, you should sell if you want to make profits or just keep HODLing for more profits than current range. Or you also can sell part of your asset to make some money which is required for you at the moment.

Coin_trader

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The best way to earn passive income while holding your is through staking it but be careful on the platform you will use as @neuroticfish already explained above. The safest custodian wallet that offers staking is Binance and you can have some good APR there by just staking it. Just setup a good security measures there and pray that Binance will not gonna run(Very low chance).

Liamttw

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

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?

On the loan and pledge platform, BTC is used as collateral to obtain loans. Many lenders require you to keep a certain percentage as collateral. This means that if the BTC rises, you can withdraw part of it from the lender. Conversely, if the price drops, you need to provide more BTC to the lender to maintain the loan-to-collateral ratio.If you cannot maintain it, you may be liquidated.

noorman0

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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?

You have to manage it and you have to deal with other people. This means, even if you don't intend to sell, you have to let bitcoin be in someone else's hands for a while. It sounds risky but that's the consequence.

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

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?

Does that mean you guarantee your BTC to get a loan based on fiat coins or stablecoins?

On a typical loan platform, your collateral will be locked and no platform (afaik) accepts volatile collateral for a stable value (it's too risky). Even though it will be there, instead of increasing the loan amount, when the btc reaches $1M you would most likely not redeem your collateral again.

TheUltraElite

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If you are not selling your bitcoin and keeping them in your personal wallet you will not be getting any profits/benefits.

However, let me clarify some facts here.

If you are storing coins in your desktop wallet like Electrum at least you can be assured that you still control its private keys. While some wallets allow staking, they are mostly website based wallets or at least need you to "lose access" to your private keys. This is the risk you need to take in order to be able to get those "benefits" that they give you, like lending those coins for a profit.

But I am still not convinced with some third party lending out my coins. I would rather set up my own money lending business and keep it P2P. It has more risk but at least I know who I am lending to.

Finally, if are you making this thread to know about wallets that allow you to stake, please think twice (thrice or more) before giving away your private keys to another website. We have made many scams and hacks before and still people do not learn this.

Ararbermas

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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're using mulit wallet such trust wallet or any wallet that has swap features, perhaps you can dump your profits without selling the entire amount of your bitcoin, but there's a lot of process for it for sure. Unlike here in my country that theirs a coins.ph wallet wherein you can easily convert bitcoin into fiats and any amount you want is ok.

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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?

Think to bitcoins like they'd be physical coins in your hand (if you bought them). And then think again to your questions.
Basically:
1. If you want to not sell, the only way to get some interest is to give your coins to a custodian service. They won't be in your hand any longer and that's quite a big risk.
2. Interest is again something a custodian business may give and every business has its own rules. I don't know how those services will run when Bitcoin will reach 1M.
3. If you want to cash in the initial investment you either sell some of the coins, either get money from [1] or [2]. But if you are not careful enough you can easily end up without any interest and also with your coins lost/stolen.

Not your keys, not your coins. Keep your coins safe in a cold storage or hardware wallet and sell some small % of them now and then when the price gets really high. Imho that's the proper way to do it although it means that your stash will decrease in time (as number of BTC/Sat)

Irenerty

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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?

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