Topic: IS it possible to let your BTC work for you ? - page 3. (Read 1115 times)
BTC represents capital, because its not a fractional reserve system or a central banking ledger it is worth something for you to lend your capital to companies. Most obvious example is a casino for their bank roll against winners while longer term making a profit. That would almost always require you to trust that company to keep your capital available.
Better for holding. I'm holding my own asset in my own wallet. Holding coin or asset depends on your goals.How much you want benefit. Now bitcoin price little dip so don't miss that opportunity to buy BTC and hold long term,i hope you will get good benefit from it.
This is the best time to hold Bitcoin, this is time the answer of this thread will appear because holdy Bitcoin is like someone who is banking money for a purpose, a good investor and a beginner in cryptocurrency have to buy bitcoin and hold until we enter next year because bitcoin normally appreciate.
for beginners don't rush it's better they learn more before deciding to buy,
apart from that everyone has their own decision so it's up to them
In fact, in the real world we are used to saving money in banks, by participating in a deposit program at a bank that usually offers low interest
rates. We should be more used to holding Bitcoin in the long term to be able to make a profit, because we have experience making deposit program
in banks, which must be holding fiat for a certain period of time. So sometimes we don't realize that in the real world some people are used
to investing, such a person will find it easier to make a profit when investing in Bitcoin. Even though when we start investing in Bitcoin we will
initially experience losses, because Bitcoin does have a very volatile price, so it does need adjustments for newbies who are first getting to know
the crypto world. Therefore we must first learn about the crypto world, before deciding to invest in Bitcoin. So that we can understand how Bitcoin
works and not panic at the volatile Bitcoin price movements, that way we will be more patient when holding Bitcoin.
This is the best time to hold Bitcoin, this is time the answer of this thread will appear because holdy Bitcoin is like someone who is banking money for a purpose, a good investor and a beginner in cryptocurrency have to buy bitcoin and hold until we enter next year because bitcoin normally appreciate.
Even so, that doesn't mean we can easily hold it because we need patience to hold it and for beginners it's not something easy,for beginners don't rush it's better they learn more before deciding to buy,
apart from that everyone has their own decision so it's up to them
There might be a malware that will stick in your wallet and steal all the coins in your wallet. BTC fell down once again under 40k USD. Buying is still ideal and we need to stack more btc to make hodling more effective.
Seems like the only way would be stake them?
Staking through exchanges but it's not actually staking but putting them into lending or interest accounts. They're just calling it staking but it's not really what it's used to be.But issue is they don't give you that much interest compared to stablecoins?
Yes, the rates are higher with stable coins. But if you're forced to get into that and you'll convert your bitcoin into a stable coin just to stake it for the interest rate. You calculate if it's worth it but for me, it's not. 
Every once in a while I use Freebitco.in for gambling purposes or to try my luck in their faucet (I remember this faucet distributing thousands of satoshi with each roll, but that's a thing of the past now).
Anyway, back to the subject, I recently received an email about them offering a 4.08% interest, which is distributed on a daily basis. I had made a thread about it in the past, however, now with staking being exceptionally popular, it would be interesting to compare these two options. Providing that Freebitco.in is a reputable and well established website.
To be honest, I've never checked the APY on BTC staking, I've seen that Binance offers that option though.
Anyway, back to the subject, I recently received an email about them offering a 4.08% interest, which is distributed on a daily basis. I had made a thread about it in the past, however, now with staking being exceptionally popular, it would be interesting to compare these two options. Providing that Freebitco.in is a reputable and well established website.
To be honest, I've never checked the APY on BTC staking, I've seen that Binance offers that option though.
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Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
Yes, it is very possible either by staking your bitcoin or using it for liquidity provision, there are alot if decentralized wallets out there where you can stake your bitcoin and they will still be in your custody, and you can unstake it anytime you want and make use of it how ever you want.I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
You can also use your bitcoin for liquidity provision on a decentralized exchange like Chainge Finance, I personally have been using the platform for a while now and I can tell you it's next to none, you can earn alot of reward through using your bitcoin to provide liquidity or staking them in the wallet.
Both are ways you can actually make your bitcoin work for you.
Better for holding. I'm holding my own asset in my own wallet. Holding coin or asset depends on your goals.How much you want benefit. Now bitcoin price little dip so don't miss that opportunity to buy BTC and hold long term,i hope you will get good benefit from it.
This is the best time to hold Bitcoin, this is time the answer of this thread will appear because holdy Bitcoin is like someone who is banking money for a purpose, a good investor and a beginner in cryptocurrency have to buy bitcoin and hold until we enter next year because bitcoin normally appreciate.
for beginners don't rush it's better they learn more before deciding to buy,
apart from that everyone has their own decision so it's up to them
Seems like the only way would be stake them? But issue is they don't give you that much interest compared to stablecoins?
As far as I know, almost all the platforms require KYC, and we can not ignore them. Yes, it is possible for bitcoin to make money for you but only in one condition that you should be secure and active enough to save your coins. Buying and holding aren't enough. You have to be much cleaver when you believe someone in bitcoin's community. We always lose our money when we invest BTC in any company and become scams.
Cases like that might be said to happen often and indeed, even though we are careful, the project or whatever it is becomes a scam,most importantly do your own research before deciding to invest,
apart from that the scam is really unsettling
Agree to this but as you can see those scam project you can really see in feel that it isnt have an effort well , you can see small errors or grammatical errors which it gives you doubt about it since it should be perfect way since it shouldn't be sound scam. Also they really pump it , there are people that will posting it all over the social media
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
I'm sorry I am a little bit confused about your post but if you are talking about staking your Bitcoin then I don't really think that it's a good idea those kind of investment are just scam.I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
And if you're looking for wallet there are so many wallets that you could use without KYC requirement.
And if it is earning through your BTC I think the best way is to keep it in your wallet make sure that it is secured because as time goes by the price of Bitcoin keeps on getting high.
The only passive income that I know when it comes to Bitcoin is through mining and it would be better if you would set it up for yourself.
Usually people would really consider out on being touched with loans and other similar passive type of business but on general aspect then it do still really connects out with some risk.
Neither passive type or active type way of investment which wont really be exempted in terms to this manner.
To be honest, I only trust binance with respect to passive income feature like earning interest from BTC, but they have compulsory KYC in place. If you are not confident about the platform, better store your coins in your own wallet where you have your own keys. At least, you know your coins are safe and you can easily get it once you need it. But once you put yourself into lending investments, you should know that you are taking high risk here.
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
I'm sorry I am a little bit confused about your post but if you are talking about staking your Bitcoin then I don't really think that it's a good idea those kind of investment are just scam.I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
And if you're looking for wallet there are so many wallets that you could use without KYC requirement.
And if it is earning through your BTC I think the best way is to keep it in your wallet make sure that it is secured because as time goes by the price of Bitcoin keeps on getting high.
The only passive income that I know when it comes to Bitcoin is through mining and it would be better if you would set it up for yourself.
Usually people would really consider out on being touched with loans and other similar passive type of business but on general aspect then it do still really connects out with some risk.
Neither passive type or active type way of investment which wont really be exempted in terms to this manner.
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
I'm sorry I am a little bit confused about your post but if you are talking about staking your Bitcoin then I don't really think that it's a good idea those kind of investment are just scam.I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
And if you're looking for wallet there are so many wallets that you could use without KYC requirement.
And if it is earning through your BTC I think the best way is to keep it in your wallet make sure that it is secured because as time goes by the price of Bitcoin keeps on getting high.
The only passive income that I know when it comes to Bitcoin is through mining and it would be better if you would set it up for yourself.
As far as I know, almost all the platforms require KYC, and we can not ignore them. Yes, it is possible for bitcoin to make money for you but only in one condition that you should be secure and active enough to save your coins. Buying and holding aren't enough. You have to be much cleaver when you believe someone in bitcoin's community. We always lose our money when we invest BTC in any company and become scams.
Cases like that might be said to happen often and indeed, even though we are careful, the project or whatever it is becomes a scam,most importantly do your own research before deciding to invest,
apart from that the scam is really unsettling
-SNIP-
Actually, when you are holding your Bitcoin in your personal wallet, you are investing your money. Although you may only do investing, you can get profits when you are long-term investments to a higher price later in some years. This has been proven by many long-term investors.However, if you are willing to keep holding and staking at once in a Non-KYC exchange (it means you will go with P2P or DEX), I cannot guarantee the security of your money. I mean that you may find them on the internet, but not that kind of trust and reputable.
But, you can learn more deeply about Pankace Swap, there is also farming.
PancakeSwap is one of the good DEX.
My personal opinion, i think it is better to be in reputable site like Binance. Although risk is almost same, we don't own the key because we not hold private keys and in Binance people now must do KYC, put our money in something that we don't know or maybe not much reputation that can cause we lose our money. And they offer to stake our money in there.
I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
Making money work for you is the way that all of the wealthy people in the world make money. There is absolutely nothing that couldn't be done if those people didn't get rich via just money making money for them. We all say that richest people in the world are rich for doing something, but the reality is that the profit scheme is not the same for them as some small business.I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
If I have 10k revenue a month, and 4k costs, then I have 6k profit, if I reinvest 2k of that back, then I have 4k left and that's all I have. Whereas if Elon Musk sells a lot, or just gets new good news to world or whatever his stock prices went up, so he got richer, for absolutely not doing anything, and got richer, just because people bought his companies stocks.
Yes mate, with the right investment,plan and strategy you can sure make it work for you.
But then, you should be careful of the third parties you put your bitcoin with, they're not hundred percent safe, it's best they remain with you.
With the profit made from Crypto Currency you can invest them further in other areas for increase.
A good period to buy bitcoin, it's almost at a low stake to get, get it now and hold it for life.
Your Bitcoin will work for you fully if you diversified the source of your income, and also have long term cryptocurrency investment that gives you a profitable gain, everything come together directly to strategies, because if you don't strategies fully your investment in cryptocurrency will be at stake, crypto have different dimensions to work out profit, and only source it will zoomed your Profit is investment for different coins and trading. But then, you should be careful of the third parties you put your bitcoin with, they're not hundred percent safe, it's best they remain with you.
With the profit made from Crypto Currency you can invest them further in other areas for increase.
A good period to buy bitcoin, it's almost at a low stake to get, get it now and hold it for life.
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
Like what most have mentioned, the only thing that I see this from working is if you hire someone who does the trading/investing for you, which I think is risky enough for someone to get scammed. In addition, avoid ponzi-schemes since those kind of business models cannot work in longterm due to their nature of offering significant amount of returns in a short amount of time.
I personally advise you to check your BTCs regularly and the market price. If you plan on HODLing for long-term gains, then the best way is to HODL and currently check the market value depending on your goal. Assuming that you aim for short-term profit, then withdraw them as soon as its price reach above the initial investment you put on.
I think you are talking about growing your Bitcoins without buying more which is the perspective of every investor but since it works on Proof of work so there are hardly any DEFI where you can do staking but I found 1 website where you can make some earning by converting your BTC to WBTC but do your own research before you make investment as I am not a Financial advisor. The link is given below:
https://defipulse.com/btc
Quote
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
Yes, it can work for you, if only you will agree with the rules and regulations that guide the procedure. It work for some investors some years ago but their benefits was delay which was making them to start thinking if they are in a wrong investment. But for such thing to work for you this days there must be agreement that will make you not to scam anyone and run away or for anyone not to run away with your reward.
Yes mate, with the right investment,plan and strategy you can sure make it work for you.
But then, you should be careful of the third parties you put your bitcoin with, they're not hundred percent safe, it's best they remain with you.
With the profit made from Crypto Currency you can invest them further in other areas for increase.
A good period to buy bitcoin, it's almost at a low stake to get, get it now and hold it for life.
But then, you should be careful of the third parties you put your bitcoin with, they're not hundred percent safe, it's best they remain with you.
With the profit made from Crypto Currency you can invest them further in other areas for increase.
A good period to buy bitcoin, it's almost at a low stake to get, get it now and hold it for life.
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