To Hodl or Lend: What is your take? | Bitcointalksearch.org

Fivestar4everMVP

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Quote from: judaspriest on July 05, 2023, 09:42:47 PM

Quote from: Uruhara on July 05, 2023, 04:26:23 PM

Quote from: MFahad on July 05, 2023, 01:50:28 PM

Everyone thinks different from each other and they have different mind set but I think that lending is more risky because if you don't have any information about the other person you lend your bitcoin then it's something hard for you to earn money and may loss your money which you put into bitcoin.

Holding will be better because it enhances the chances of your success and whenever the price rises you have the opportunity to take your profit and continue your holding through putted amount. Investment is better in my opinion so all those who have more benefit in lending and trading can continue it but I will always prefer Investment and holding.

That's right guys. Because there are big risks that we must be prepared to accept when we decide to lend our Bitcoins. And the interest received is not commensurate with the risks we face. So I also prefer to hold it and keep it safe in my personal wallet. And avoid storing it on a centralized exchange. Keep accumulating and holding on. that's all I think about if it's for long term investment. and as you said that as long as we hold it we ourselves it is easier for us to sell or take profits when the time comes.

Yes, make sure to think carefully before making a decision to lend Bitcoin,
the big risks are of course a consideration so don't let us regret what we decide for ourselves,
it's better to keep it yourself in your wallet and it's safer.

One thing with lending bitcoin is that, it's not possible to lend bitcoin without a centralized authority In between the borrower and the lender, and personally, with all I've experienced with centralized platform, it's actually a bad idea to lend your bitcoin out though such a means.

If I become a professional at lending, and have a good amount of bitcoin to start with, I can agree to lend my bitcoin if it's on this forum, but anything outside this forum, I would rather hold my bitcoins and lend it out.

freedomgo

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Quote from: jeraldskie11 on June 13, 2023, 06:39:05 PM

Online lending, in my opinion, is too dangerous. Consider this: you have one friend who knows you well, and because he has a difficulty, he borrows money from you with interest and promises to pay it back in 1 or 2 months. You want the money back with interest after two months, but because your friend still has a problem, he wants to pay the following time until he can't because the interest keeps increasing. How much more if you're doing it online and don't know the person you're dealing with? That is why some individuals do this with collaterals. I only trust loan services on Bitcointalk because their account should be their collateral, especially those who are well-known in the community.

Be it online or offline, lending will never guarantee profits. Especially if a certain exchange suddenly gets bankrupt, the fact that all centralized exchanges may experience that, then you will never retrieve your bitcoin anymore. It’s like you are putting your hard-earned bitcoin into a waste, and worst is you are not benefiting from it but only the centralized exchange. That’s the reason why I don’t see bitcoin lending a profitable one, and I’ll never advise anyone to resort on that.

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Quote from: Uruhara on July 05, 2023, 04:26:23 PM

That's right guys. Because there are big risks that we must be prepared to accept when we decide to lend our Bitcoins. And the interest received is not commensurate with the risks we face. So I also prefer to hold it and keep it safe in my personal wallet. And avoid storing it on a centralized exchange. Keep accumulating and holding on. that's all I think about if it's for long term investment. and as you said that as long as we hold it we ourselves it is easier for us to sell or take profits when the time comes.

accumulating bitcoin is not an easy task and everyone cannot afford it because its expensive nature. I think those who cannot accumulate on monthly basis should try to buy once and then don't sell it immediately because longer time holding can give you more benefits.

Storing bitcoin in safe wallet is also very important because these days we don't know that how a hacker steal our bitcoin in a matter of seconds so try to save your bitcoin if you want to hold it for longer period of time.

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So far, I still prefer to hold the asset myself rather than lend it. for me, lending has more risk, especially when I don't know people on the internet. Except it might be people I already know and trust. It's just that, I'm more inclined to take advantage of the assets I have at my own risk. for example, if I'm feeling too long with an asset I hold, I might try trading to multiply the asset I own rather than lending it to someone else at interest. Anyway, I'm more comfortable that way.

Litzki1990

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Everyone who invests in Bitcoin has the hope that they will benefit from the investment, but no one thinks like this, that means they are investing in Bitcoin with the thought of everyone, that is, to profit. But investing in Bitcoin by taking a loan in the hope of making this profit is very risky and should never be done. Because investing never guarantees you a profit, only creates the possibility of a profit. Investing by taking loans will act as a very stressful time for you. If you are really interested in investing then you should start investing with whatever amount of money you have then when you have money you can gradually increase your investment but never invest by taking loan.

gunhell16

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Quote from: Ricardo11 on July 06, 2023, 01:35:20 AM

Don't lend, you keep holding with your money. If you are holding in Bitcoin with your hard earned money, you can earn more money. And when the market is pumping you can make more money. If you unknowingly lend your money to a scammer, and the scammer runs away with your money, how do you catch the scammer? And how do you get your money back? Then you may not be able to bear this loss. That means you don't put your money at risk by lending it to a stranger. So you continue holding Bitcoin with your hard earned money.

If you lend money, it's up to you and I don't see anything wrong with that, especially if the person you're lending your hard-earned money to is someone you trust and know, and there's only a risk when it's someone else and you don't fully know known And of course I won't do that.

The money you lend should also be separate from the money you will use that is only intended for you to buy Bitcoin for long-term and not short-term, so that at least the person you loaned to runs away from you, your Bitcoin is separate from it.

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Quote from: judaspriest on July 05, 2023, 09:42:47 PM

Quote from: Uruhara on July 05, 2023, 04:26:23 PM

Quote from: MFahad on July 05, 2023, 01:50:28 PM

Everyone thinks different from each other and they have different mind set but I think that lending is more risky because if you don't have any information about the other person you lend your bitcoin then it's something hard for you to earn money and may loss your money which you put into bitcoin.

Holding will be better because it enhances the chances of your success and whenever the price rises you have the opportunity to take your profit and continue your holding through putted amount. Investment is better in my opinion so all those who have more benefit in lending and trading can continue it but I will always prefer Investment and holding.

That's right guys. Because there are big risks that we must be prepared to accept when we decide to lend our Bitcoins. And the interest received is not commensurate with the risks we face. So I also prefer to hold it and keep it safe in my personal wallet. And avoid storing it on a centralized exchange. Keep accumulating and holding on. that's all I think about if it's for long term investment. and as you said that as long as we hold it we ourselves it is easier for us to sell or take profits when the time comes.

Yes, make sure to think carefully before making a decision to lend Bitcoin,
the big risks are of course a consideration so don't let us regret what we decide for ourselves,
it's better to keep it yourself in your wallet and it's safer.

Reading the replies, most of us prefer to just hold rather than lend our Bitcoin. It's understandable since we're just protecting our investment to what's more wise thing to do that won't give us much stress.

Well, lending might be profitable but the risk of not getting back what the borrower owe to you is always there. It's happening in reality so what's more if it's just happened online? Much harder to get your money and worst if you don't know its identity. That's why if you don't want to face such problem, just keep holding your Bitcoin and wait until bullrun so you can gain even it takes time.

Ricardo11

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Don't lend, you keep holding with your money. If you are holding in Bitcoin with your hard earned money, you can earn more money. And when the market is pumping you can make more money. If you unknowingly lend your money to a scammer, and the scammer runs away with your money, how do you catch the scammer? And how do you get your money back? Then you may not be able to bear this loss. That means you don't put your money at risk by lending it to a stranger. So you continue holding Bitcoin with your hard earned money.

Strongkored

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Quote from: Davidvictorson on June 07, 2023, 09:40:42 AM

One of the major reasons why bitcoin Enthusiasts hold bitcoin is in anticipation of a price increase that would increase the value of their asset. However, holding your bitcoin requires a patience mixed with strong will. It is the patience to be patient for a long period of time until the price makes a 10%, 20% and so on increase. Strong will not to use it to solve some immediate problem and risk a reduction in your asset. Consequently, not everyone one can wait that is why some decide to learn bitcoin trading so that they can make some quick profit that would also increase their asset holding. Some other become bitcoin lenders. Yes, they use either a centralized or decentralized platform to lend their bitcoin which would be repaid with interest. What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

That is why it is so important to use only spare money when you want to invest in Bitcoin as well as money you can afford to lose.
Lending our Bitcoins on a centralized or decentralized platform is quite a risky action, the opportunity to lose our investment is wide open, not only the possible profits, I might do the lend but only for a short period not all the time while waiting for the Bitcoin price to go up because the platform can suddenly go down and we lose all our Bitcoins.
Keep it in a self-custodial wallet and continue to buy when you have the opportunity to add to it when there is spare money that can be used, using the DCA method can be an option when we are not like the whales who can immediately buy in large quantities.

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Quote from: Uruhara on July 05, 2023, 04:26:23 PM

Quote from: MFahad on July 05, 2023, 01:50:28 PM

Everyone thinks different from each other and they have different mind set but I think that lending is more risky because if you don't have any information about the other person you lend your bitcoin then it's something hard for you to earn money and may loss your money which you put into bitcoin.

Holding will be better because it enhances the chances of your success and whenever the price rises you have the opportunity to take your profit and continue your holding through putted amount. Investment is better in my opinion so all those who have more benefit in lending and trading can continue it but I will always prefer Investment and holding.

That's right guys. Because there are big risks that we must be prepared to accept when we decide to lend our Bitcoins. And the interest received is not commensurate with the risks we face. So I also prefer to hold it and keep it safe in my personal wallet. And avoid storing it on a centralized exchange. Keep accumulating and holding on. that's all I think about if it's for long term investment. and as you said that as long as we hold it we ourselves it is easier for us to sell or take profits when the time comes.

Yes, make sure to think carefully before making a decision to lend Bitcoin,
the big risks are of course a consideration so don't let us regret what we decide for ourselves,
it's better to keep it yourself in your wallet and it's safer.

SmartGold01

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Quote from: Davidvictorson on June 07, 2023, 09:40:42 AM

Some other become bitcoin lenders. Yes, they use either a centralized or decentralized platform to lend their bitcoin which would be repaid with interest. What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

I think this is very deadly to associate myself with especially we women that attaches much emotions to our finances it would be very hard to operate on. I truly respect those that are doing lending and I want to encourage them to add some certain measures to secure their money whenever it's being given out because I know what most people does, after taking loan they disappear you will never see them online for your loan to be repaid. It's better I limits myself with investment and holding of bitcoin at least I can afford to bear the price drop than losing it entirely to the hand of a user who claims to be a cool person.

Japinat

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Well it depends on individual’s choice. But as for me, bitcoin is too much precious to lend it even to reputable exchanges but instead, I’ll just hold it and keep it safe in my non-custodial wallet. Because the fact that all centralized exchanges are not safe for keeping your bitcoin, even if you are given some interest of it, then you should not entrust your coins to other wallet knowing once its out from your wallet, your coins will never be yours anymore.

Uruhara

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Quote from: MFahad on July 05, 2023, 01:50:28 PM

Everyone thinks different from each other and they have different mind set but I think that lending is more risky because if you don't have any information about the other person you lend your bitcoin then it's something hard for you to earn money and may loss your money which you put into bitcoin.

Holding will be better because it enhances the chances of your success and whenever the price rises you have the opportunity to take your profit and continue your holding through putted amount. Investment is better in my opinion so all those who have more benefit in lending and trading can continue it but I will always prefer Investment and holding.

That's right guys. Because there are big risks that we must be prepared to accept when we decide to lend our Bitcoins. And the interest received is not commensurate with the risks we face. So I also prefer to hold it and keep it safe in my personal wallet. And avoid storing it on a centralized exchange. Keep accumulating and holding on. that's all I think about if it's for long term investment. and as you said that as long as we hold it we ourselves it is easier for us to sell or take profits when the time comes.

mirakal

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Quote from: Davidvictorson on June 07, 2023, 09:40:42 AM

One of the major reasons why bitcoin Enthusiasts hold bitcoin is in anticipation of a price increase that would increase the value of their asset. However, holding your bitcoin requires a patience mixed with strong will. It is the patience to be patient for a long period of time until the price makes a 10%, 20% and so on increase. Strong will not to use it to solve some immediate problem and risk a reduction in your asset. Consequently, not everyone one can wait that is why some decide to learn bitcoin trading so that they can make some quick profit that would also increase their asset holding. Some other become bitcoin lenders. Yes, they use either a centralized or decentralized platform to lend their bitcoin which would be repaid with interest. What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

I don’t see it a wrong move to lend your bitcoin especially if you have a lot of it. However, if you only have limited amount of bitcoin, then don’t take some risk lending it to an exchange or to someone who’s capable to pay for it. We’ll never know that exchange will suddenly become insolvent so your bitcoin will be instantly gone like thin air. The reason why I never get tired from hodling because at least they’re safe with me, than to lend and get some interest, and in the end you’ll be surprised you’ve lost your bitcoin in an instant.

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Quote from: Wend on July 04, 2023, 08:25:49 AM

Quote from: livingfree on July 04, 2023, 08:02:59 AM

Even if the description of a lending platform is good, I'd still take precaution on it. We've seen the proclaimed safe platforms have turned into a bankrupt company.

Not just lending platforms but also exchanges.

That's why when someone is into this type of business, you understand the risk and it's not that lite risk but high risk.

All lending platforms worked fine until it went bust and took our assets. I don't believe there are any good lending platforms with what happened to BlockFi, celsius...

Yeah, those were good platforms before until they've been busted and filed for bankruptcy.

Quote from: Wend on July 04, 2023, 08:25:49 AM

As for lending, if we are willing to take risks, we can start anytime we want, don't use the word "safe" in lending.
I prefer holding, although it won't give the daily or monthly returns many people get from lending. But I feel safe, and the profit I get back won't lose to anyone.

I also prefer holding.

I don't want to meddle with people that should have known their obligation for the payments. Because this is the number one problem into this business, you will never know the person's attitude towards paying you back.

Unless you've got a lot of screening process in doing so but normally, these people are taking loans from individuals because it's easier and they can charge higher interest rates.

MFahad

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Everyone thinks different from each other and they have different mind set but I think that lending is more risky because if you don't have any information about the other person you lend your bitcoin then it's something hard for you to earn money and may loss your money which you put into bitcoin.

Holding will be better because it enhances the chances of your success and whenever the price rises you have the opportunity to take your profit and continue your holding through putted amount. Investment is better in my opinion so all those who have more benefit in lending and trading can continue it but I will always prefer Investment and holding.

Wend

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Quote from: livingfree on July 04, 2023, 08:02:59 AM

Quote from: Vaskiy on July 03, 2023, 06:34:05 PM

Quote from: livingfree on July 03, 2023, 04:51:27 PM

This is one thing to get scared about with these platforms. If you dwell into the history of these bitcoin lending platforms, you'll see that many of them eventually reported filed bankruptcy.

Having that impression with them will make you turn away from any of these types of services even if there's such a promising return upon payment with interest.

Holding isn't going to give you headache at all unless you're too impatient.

When you're prepared to take risk, then you can risk the funds. Lending through trusted services were good, but the interest were very low whereas the same on our own could give better interest, but to gain trust and do the service is a big thing.

When you're ready to lend, better take a step to learn trading which have got the ability to give you better earning. Here also there is risk, but the risk will give you some learning.

Holding is the best choice, but here we can't expect to enjoy profit or an earning on the regular basis. It could take weeks, months and even years. Depending on the growth will be the profit. However the risk is zero as we have our holding.

Even if the description of a lending platform is good, I'd still take precaution on it. We've seen the proclaimed safe platforms have turned into a bankrupt company.

Not just lending platforms but also exchanges.

That's why when someone is into this type of business, you understand the risk and it's not that lite risk but high risk.

All lending platforms worked fine until it went bust and took our assets. I don't believe there are any good lending platforms with what happened to BlockFi, celsius...As for lending, if we are willing to take risks, we can start anytime we want, don't use the word "safe" in lending.
I prefer holding, although it won't give the daily or monthly returns many people get from lending. But I feel safe, and the profit I get back won't lose to anyone.

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Quote from: Vaskiy on July 03, 2023, 06:34:05 PM

Quote from: livingfree on July 03, 2023, 04:51:27 PM

This is one thing to get scared about with these platforms. If you dwell into the history of these bitcoin lending platforms, you'll see that many of them eventually reported filed bankruptcy.

Having that impression with them will make you turn away from any of these types of services even if there's such a promising return upon payment with interest.

Holding isn't going to give you headache at all unless you're too impatient.

When you're prepared to take risk, then you can risk the funds. Lending through trusted services were good, but the interest were very low whereas the same on our own could give better interest, but to gain trust and do the service is a big thing.

When you're ready to lend, better take a step to learn trading which have got the ability to give you better earning. Here also there is risk, but the risk will give you some learning.

Holding is the best choice, but here we can't expect to enjoy profit or an earning on the regular basis. It could take weeks, months and even years. Depending on the growth will be the profit. However the risk is zero as we have our holding.

Even if the description of a lending platform is good, I'd still take precaution on it. We've seen the proclaimed safe platforms have turned into a bankrupt company.

Not just lending platforms but also exchanges.

That's why when someone is into this type of business, you understand the risk and it's not that lite risk but high risk.

Vaskiy

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Quote from: livingfree on July 03, 2023, 04:51:27 PM

Quote from: Botnake on July 03, 2023, 03:35:34 PM

Lending do not guarantee profits especially if the one you trusted to lend your bitcoin suddenly became insolvent that makes him unable to pay. So the risk to lose your bitcoin becomes high instead of just hodling your bitcoin until it reaches your target price to sell. That’s the consequence of impatient people, those who only want to have quick profits and end up lose everything they have.

This is one thing to get scared about with these platforms. If you dwell into the history of these bitcoin lending platforms, you'll see that many of them eventually reported filed bankruptcy.

Having that impression with them will make you turn away from any of these types of services even if there's such a promising return upon payment with interest.

Holding isn't going to give you headache at all unless you're too impatient.

When you're prepared to take risk, then you can risk the funds. Lending through trusted services were good, but the interest were very low whereas the same on our own could give better interest, but to gain trust and do the service is a big thing.

When you're ready to lend, better take a step to learn trading which have got the ability to give you better earning. Here also there is risk, but the risk will give you some learning.

Holding is the best choice, but here we can't expect to enjoy profit or an earning on the regular basis. It could take weeks, months and even years. Depending on the growth will be the profit. However the risk is zero as we have our holding.

livingfree

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Quote from: Botnake on July 03, 2023, 03:35:34 PM

Lending do not guarantee profits especially if the one you trusted to lend your bitcoin suddenly became insolvent that makes him unable to pay. So the risk to lose your bitcoin becomes high instead of just hodling your bitcoin until it reaches your target price to sell. That’s the consequence of impatient people, those who only want to have quick profits and end up lose everything they have.

This is one thing to get scared about with these platforms. If you dwell into the history of these bitcoin lending platforms, you'll see that many of them eventually reported filed bankruptcy.

Having that impression with them will make you turn away from any of these types of services even if there's such a promising return upon payment with interest.

Holding isn't going to give you headache at all unless you're too impatient.

Topic: To Hodl or Lend: What is your take? (Read 943 times)