Interest on Bitcoin - page 5. | Bitcointalksearch.org

rodskee

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Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

interest ? well I cannot compute them all because i only took small portion each time i cash out and adding those profit on my holdings.

sometimes i convert in altcoin and return in Bitcoin.

Quote

Do you feel this is risky, whoever owns the private key owns the BTC ?

thanks!

This is risky if you don't know how to secure your coins.

Try to invest your funds in most safer way like having Trezor or Nano Ledger? those are the way that you can own your private key in most safest way.

michellee

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Quote from: Wawa2013 on October 19, 2021, 07:32:45 AM

Quote from: michellee on October 19, 2021, 04:40:11 AM

The only interest that I want is from lending my BTC in the exchange to traders because that can be additional revenue for me. Or you can earn interest from some wallet but do not expect to earn big if you do not use a big amount of BTC. But I will keep my private key by myself and not share or tell others because that is my own BTC. Do not get attracted because of high-interest rates from some programs as that can scam you anytime. Even if you are not lending your BTC to others, you will still get the interest because of the high price increase.

Since a lot of scams happen in the crypto world, we really have to be more careful with platforms that offer high interest rates. Actually, as long as
we can choose trusted platforms to participate in programs that give interest to our Bitcoins, should be safe. Usually, some popular platforms
give us interest if we are willing to lend the bitcoins we have. But so far not so great interest offered by trusted platforms, so I'm more comfortable
getting interest due to the rising price of Bitcoin. Because I just store it in my own hardware wallet, which is the private key only I know and just waiting
for the Bitcoin pump, that way I don't need to be afraid of being deceived.

Getting the interest due to the rising price of bitcoin is my concern and that is why I always try to save the satoshi and only sell when the price is rising. A newbie can attract the platform that offers high-interest rates because they do not know much about the investment and see a program offer to join them. That makes many newbies getting scam and tell to other about their bad story. Right now, we can take the interest rate due to the rising of bitcoin price and that is our profit as a bitcoin price increase to $64k and that is back to the last ATH.

bhooscream

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Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

Yes, that's why I am here, part of Bitcoin, as in a forum. I got money from Bitcoin and also crypto and I can still earn money from crypto even during a pandemic.

Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Do you feel this is risky, whoever owns the private key owns the BTC ?

Everything about crypto not only Bitcoin is risky.
That is why we must be ready for the risks, smart and wise to avoid the most risks that may be experienced, and be careful.

Smartvirus

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Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

The highest interest I do hope to earn from my crypto investment is the one the market provides from my timely hodling of some amount of bitcoin or my crypto investment. Why would I put out my btc to the care or management of a third party when simply hoadibg is all it takes for me to attain some mile worth of investment.
On the note that nothing is ever assuring, a project or company might fail to deliver on it's promises based on certain constraints and the risk are basically based on your investment coins. Hence, there is a tendency that you could lose as, not your keys not your coin portrays.

pjwaffle

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Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

Every investment is risky and I see any investment in anything you have to risk including BTC, the most important thing we need to take care of is keeping our keys or passphrases right. way, if someone gets your wallet code or seed, of course they will get what you have in that wallet. that's why be careful and take notes somewhere no one can see.

AmoreJaz

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Quote from: Kelvinid on October 19, 2021, 03:42:48 PM

Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

I'd rather have to take control of my Bitcoin than let someone do that.
Anyway, I just hold some while I converted the others to fund the business outside crypto coz I believe it was more secure than putting it on the banks or third party. Guess what, we can make more investment returns if we have to work on it, we can probably earn more than 6% and have a lesser risk.

We should be wise enough OP, it is more on a strategical mindset but if you're not, well, having 6% is good enough. However, letting someone holds your Bitcoin is literally at high risk. I guess you just have to think about it deeply.

there are people that really don't want to do much and just let their coins earn even if it is small. i actually did put some of my btc before in binance under flexible savings but the interest is not that big. so if you want it to grow faster, you can really venture into maybe small business, but of course, it will take a lot of your work and time. but if it is your passion, those works are nothing. so yeah, it depends on the person's capabilities here. also, if you will put your funds in an exchange or 3rd party website, better make sure they have insurance, at least you can sleep at peace, and knowing that your funds is relatively secure.

Kelvinid

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Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

I'd rather have to take control of my Bitcoin than let someone do that.
Anyway, I just hold some while I converted the others to fund the business outside crypto coz I believe it was more secure than putting it on the banks or third party. Guess what, we can make more investment returns if we have to work on it, we can probably earn more than 6% and have a lesser risk.

We should be wise enough OP, it is more on a strategical mindset but if you're not, well, having 6% is good enough. However, letting someone holds your Bitcoin is literally at high risk. I guess you just have to think about it deeply.

BlackHatCoiner

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Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Do you feel this is risky

I find it highly risky.

Think of this; you make an agreement with a stranger whom you'll be giving money to and after a certain period, he will return all of your money plus an interest. Now imagine that both of you are anonymous and the stranger can behave fraudulently without having any forfeitures.

Is there any reason I should be trusting him? Just because he's built a remarkable reputation doesn't mean I'll be handing over my coins to them.

AakZaki

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Quote from: Wildwest on October 19, 2021, 02:32:46 AM

If you keep bitcoin for a long time, of course, the benefits we get are very large if the price increase occurs and this will be greater than the interest we get from ordinary companies, if we are a lot of bitcoin assets then the risk we face is also big and we have to keep the private key as much as possible so as not to fall into the hands of others, Because it is the biggest threat to our assets, but to overcome hackers and other fraudulent sites we also have to overcome, if the hackers know our assets are large enough then it will be their target.

Storing BTC for long periods of time requires mental strength. If you save it from 2009/2010 then you will be a very lucky person. Because the value has doubled. It's a shame I didn't know it from the start but I don't regret it, because my interest in bitcoin is to increase the number of bitcoins by trading.
Regarding the security of my assets, of course I will be careful. I currently keep some of my assets in Trezors and some of the profits on the exchange which I use to increase my BTC amount.

Wawa2013

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Quote from: michellee on October 19, 2021, 04:40:11 AM

The only interest that I want is from lending my BTC in the exchange to traders because that can be additional revenue for me. Or you can earn interest from some wallet but do not expect to earn big if you do not use a big amount of BTC. But I will keep my private key by myself and not share or tell others because that is my own BTC. Do not get attracted because of high-interest rates from some programs as that can scam you anytime. Even if you are not lending your BTC to others, you will still get the interest because of the high price increase.

Since a lot of scams happen in the crypto world, we really have to be more careful with platforms that offer high interest rates. Actually, as long as
we can choose trusted platforms to participate in programs that give interest to our Bitcoins, should be safe. Usually, some popular platforms
give us interest if we are willing to lend the bitcoins we have. But so far not so great interest offered by trusted platforms, so I'm more comfortable
getting interest due to the rising price of Bitcoin. Because I just store it in my own hardware wallet, which is the private key only I know and just waiting
for the Bitcoin pump, that way I don't need to be afraid of being deceived.

kotajikikox

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Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

I earn in my bitcoin and still earning now because My Holdings is making profit from the increasing value now.

Quote from: Patigi on October 19, 2021, 02:16:19 AM

I have much interest in Bitcoin because I believe is the Bitcoin that get the future. I will continue to invest in it with whatever come to my hand. I will hold Bitcoin for long time because I prefer investing in bitcoin than saving fiat currency in bank. Keep your private key and be rich in nearest future.

Just make sure you are buying and Holding and not just making story here.

michellee

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The only interest that I want is from lending my BTC in the exchange to traders because that can be additional revenue for me. Or you can earn interest from some wallet but do not expect to earn big if you do not use a big amount of BTC. But I will keep my private key by myself and not share or tell others because that is my own BTC. Do not get attracted because of high-interest rates from some programs as that can scam you anytime. Even if you are not lending your BTC to others, you will still get the interest because of the high price increase.

Masplanc

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Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

Bitcoin is all about interest for those who understands and knows Bitcoin

Private key should be kept where the user would only have access to.

Wildwest

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If you keep bitcoin for a long time, of course, the benefits we get are very large if the price increase occurs and this will be greater than the interest we get from ordinary companies, if we are a lot of bitcoin assets then the risk we face is also big and we have to keep the private key as much as possible so as not to fall into the hands of others, Because it is the biggest threat to our assets, but to overcome hackers and other fraudulent sites we also have to overcome, if the hackers know our assets are large enough then it will be their target.

Patigi

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I have much interest in Bitcoin because I believe is the Bitcoin that get the future. I will continue to invest in it with whatever come to my hand. I will hold Bitcoin for long time because I prefer investing in bitcoin than saving fiat currency in bank. Keep your private key and be rich in nearest future.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

I dont have interest in "interest" outside banks fiat deposits. Bitcoin needs more care and conscious investments. I dont, so to speak.

However I did take part in a gambling site bankroll investment - where you invest money into the bankroll of a casino and you get returns by adding to the house on a monthly basis. The site that allowed such investments did stop this feature a few years ago.

Quote

Do you feel this is risky, whoever owns the private key owns the BTC ?

Like I said, that gambling site is well known and the owner is on this forum active for several years and paying its campaign users. So I trust them. But for the newly launched projects that act "like banks" I dont really trust them that much.

Quote

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen...

I have heard of all of them. But I never feel secure with giving my coins to a third party. I would rather be the only one guarding them. At least then if they get stolen I would know that I made something insecure.

Hacks are very common in exchanges and that is only the tip of the iceberg of the real problem of crypto related thefts.

Wexnident

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Might as well just use something else instead of giving out my Bitcoin for interest tbh. I just let my Bitcoin sit there in all its glory, it's price increasing year by year is more than enough for me tbh, it's not really worth it to risk letting it sit with another party just for a measly interest. Though I guess some people are interested in lending it to others though, it is still a type of business and profit-making I guess. Just doesn't bode well for me, especially for the party that does the lending imo.

Rajamuda

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Quote from: GeorgeJohn on October 18, 2021, 03:32:46 PM

Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

Many people have interest on bitcoin, but what actually initiates the interest of bitcoin is the price, from my perspective whenever the price is getting accelerated the more investment idealogy is coming up, and is very obvious that they will like to invest in a genuine platform in order to earn more.

And because of the price too... Bitcoin is becoming more recognizable among many people from different countries until its popularity is increasing for doing certain things. Of course because the price is getting higher... people will be more inclined to think that this is a good opportunity in terms of investing, and day by day situations and circumstances in the world like to support the existence of Bitcoin in human life. And because of its advantages... Bitcoin managed to reach such a high price, this has clearly proven to be attracting interest.

oktana

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There are some people who store their BTC with platforms that gives them interest for doing so. However, I don't buy the idea because they always have access to your BTC and can at any time of the contract take your funds. Simply hold and speculate for a pump. Don't centralize what has been decentralized in the process of earning more, because, no decentralized platform (exchange or whatever) will give you anything, it's always the centralized ones(who can run).

sheenshane

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Quote from: blockrevs on October 18, 2021, 02:12:26 PM

Wondering how many of you earn interest on your Bitcoin?

How many? So it means you talk about possible profit that you could earn by increasing the value?
Because holding Bitcoin it will not grow its amount, it's grown on the value. If you have 1 Bitcoin while holding, it will remain 1 Bitcoin.
But if you mean how many people have the interest to have Bitcoin, as much Bitcoin is valuable people wanted to have it like a valuable asset.

Quote

Do you feel this is risky, whoever owns the private key owns the BTC ?

No, because I know how to store it safely. Bitcoin is vulnerable to hack but if you know how to keep it safe and store it in a safe wallet, you're totally safe, and yes, not your keys not your coins policy here. You should be knowledgeable enough about how to use and how to keep it safe.

Quote

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

Not familiar with aside from Nexo, are you shilling all of these?

Topic: Interest on Bitcoin - page 5. (Read 1054 times)