To Hodl or Lend: What is your take? - page 2.

kawetsriyanto

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Quote from: Semar Mesem on June 13, 2023, 09:39:52 AM

Current conditions are difficult to predict, making me prefer to hold rather than lend, as we know that big cases that occur on top exchanges such as FTX are important lessons if we store assets on exchanges, because most of the lend is from exchanges, so we have to be vigilant and hold on more secure wallets.

For the safety reason, I agree that it is better to hold our BTC in our private wallets. Lending the BTC on CEX may have a big risk if something happens to the exchange. Moreover, if the profits are rather small from the lending, holding it on wallets must be a better idea. So far, I also prefer to hold my BTC on my wallet than lending it or staking it. Not only about small profits to get, it requires high fees to transfer it from one wallet to another wallet.

Quote from: Mario Yamasaki on June 13, 2023, 11:59:58 PM

Many things that are difficult to suspect in cryptocurrencies, a market that continues to decline makes us have to be good at looking for income opportunities, it is natural that when there is a small increase, people immediately sell, and in my opinion lend is better than hold because we can get additional income.

It depends on your target. If you plan for a long term investment, holding it on your wallet should be the best decision. But if you only plan for a short term holding, you can lend or staking your Bitcoin. However, for additional income, why you don't trade altcoins? I think trading altcoins should be better than lending Bitcoin, right?

Kasabus

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Quote from: goinmerry on June 11, 2023, 04:00:42 PM

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

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?

If the person clearly understands what they are doing, understands and knows very well the risk factors they will face, they can consider lending their Bitcoin holdings as one way to increase their holdings, if they are not into this buy and sell scenario, trading activity or basically, don't want to ride the market volatility.

Of course, there's a risk that's why before considering, make it up to the point that we do realize everything from top to bottom.

If I have to answer it personally, I don't want to consider doing that. I won't jump into other things that I'm not really familiar with. It's better for me to focus instead on trading or doing regular DCAs if my budget can keep up with that.

Lending bitcoin is not actually a bad thing as it may even increase your bitcoin profits in the future, but you should know its risks as well especially that bitcoin do not guarantee price surge all the time due to its high volatility. However, though it’s a good way to increase one’s hodling, but I won’t try to put my bitcoin at risk so instead of trying some attempts of lending, why not grow it on your own account. You can still benefit from it and double your profits if you have patience for long term hodling.

Botnake

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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?

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.

benalexis12

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Quote from: Mario Yamasaki on June 13, 2023, 11:59:58 PM

Many things that are difficult to suspect in cryptocurrencies, a market that continues to decline makes us have to be good at looking for income opportunities, it is natural that when there is a small increase, people immediately sell, and in my opinion lend is better than hold because we can get additional income.

You know the truth, what others here who have not yet accumulated potential altcoins should start now before the bull comes next year. Because once the Bull season arrives most altcoins will also rise even if we say it's just a pump.
But of course, let's choose the one that really has the potential to give us a good profit in the future so that the small amount that we bought is not wasted.

axxo

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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 true to hold bitcoin is one of the major reasons why bitcoin enthusiasts hold it because of the appreciation of the value. It really requires a long patience in hodling a bitcoin regardless of the short term fluctuations of the market. There are a lot of investors who lacks of patience in holding it because they are after of the profit they might get and they would choose to buy and sell it to be able to gain profit. Others do lending also but for me it is really risky because if you are not expert in lending you might also loose your capital used to it. Whether to hodl or lend cryptocurrency it still depends on your investment goals and risk tolerance. Make sure to do research first before trying to do so.

Mario Yamasaki

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Many things that are difficult to suspect in cryptocurrencies, a market that continues to decline makes us have to be good at looking for income opportunities, it is natural that when there is a small increase, people immediately sell, and in my opinion lend is better than hold because we can get additional income.

carlfebz2

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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.

This is actually right or something the real thing or fact in life on which if you do even have a hard time on asking on paying up those loan of your friend, how much more into those people who are online or which you dont even know? which you do have said the real thing on lending space. Here on this forum on which there are people who are really that getting some loans without collateral on which it do really
raises up the risks but somewhat those users or lendors are really on DT position thats why they are really that confident that on the time that a certain person or use do make out some default loans
then for sure those account would be useless as this would really be red tagged. This is why they are really that have some assurance but in overall it doesnt really remove out such risks
because anytime people would really be running with those loans and not paying them back.

jeraldskie11

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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.

Vaculin

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As much as profits is concerned, I think lending your bitcoin will only put your bitcoin at a risk, since it might not be return to you anymore especially if the person you happen to lend has lost his source of living. That’s why I always stay away from that idea. But with hodling, you know you’re doing it for a profitable purpose, so you will hold your bitcoin as much as you can until you finally take time to sell when you think the price is already reasonable enough to sell.

Semar Mesem

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Current conditions are difficult to predict, making me prefer to hold rather than lend, as we know that big cases that occur on top exchanges such as FTX are important lessons if we store assets on exchanges, because most of the lend is from exchanges, so we have to be vigilant and hold on more secure wallets.

slapper

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Quote from: sana54210 on June 11, 2023, 01:24:39 PM

Quote from: el kaka22 on June 09, 2023, 10:52:30 AM

It is not that lending is a bad business model, it is definitely a great business model without a doubt but it has never been done professionally in crypto and succeeded. Back in the day we had lending platforms and all of them got hacked or scammed, many people take loans and not pay it back and that has been a common issue for a long time. I think even the decentralized ones has been crashed because people find a loophole in the system, if you give someone money then they will just scam you.

The only logical argument people have is "take 120 dollar collateral in another coin and give 100 dollar loan bitcoin", which is not what a lending is about, you are taking more than what they need, so how are you really helping them to begin with?

This is true, there is no seizing of funds in crypto world like banking and that's why it's a trouble. In the banking world the default rate is very low, and even when it goes high, they just take whatever you own as a response and that's a lot better for them, it's true and it will work. I believe that it's not going to be all that confusing and I think it's going to end up working for people as well. This is why I can't really tell you how it would not happen in the crypto world because that's all about the law.

If a government allows me to do the same thing, I can open a crypto lending operation as well and lend people crypto, as long as they pay there is no problem and if they don't pay it back then I take their car or home, if that's alright then I can do that. Until we have that right, we can't lend easily in the crypto world.

Your gaze finds an undervalued crypto corner - lending. Indeed, the crypto realm isn't all rosy, loans being the sticky wicket. I grasp your thought about crypto loans lacking the muscle to take collateral like traditional banks. However, let's duel: Crypto and banks are chalk and cheese. Banks have tangible assets backing them, crypto, none. Here's where smart contracts step in. View them as self-executing deals with the nitty-gritty coded in. Trustless, decentralized, akin to Bitcoin. If programmed adeptly, they could address your concerns. So,bBefore we say goodbye to crypto lending , shall we give these digital contracts a run? Time will judge their efficacy, but in this digital epoch, everything's up for grabs!

Desmong

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Hold would be everyone desire but it is very hard for everyone to hold since our source of income is very different. It is not easy to hold especially for those that are workers earning some amount of money as salary. They might choose to buy coin and discover that they can not hold for long because of daily bills they needed to pay and settles.

bluebit25

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There will also be different risks from lending, but this does not mean that they do not bring positive value to investors, which we can sometimes see as a playing field and the competition between issues. Different issues in the market will determine whether investors can survive. Thorough research and making sure you have a good understanding of Bitcoin's liquidity, risks and growth potential are always things to watch out for, and know the risks to limit them, and act responsibly own investment.

G_Besar

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Quote from: S A KHAIR on June 11, 2023, 11:28:06 AM

Even holding is the simplest, and if you can't do it. You are impatient and want to make a quick profit, and you use bitcoin to lend or stake. Sooner or later, you will take your bitcoins and invest in riskier things, and it is only a matter of time before you lose. Holding is the best and simplest way, we should take advantage of it rather than get rich quickly for a higher risk return.

Besides looking quite simple, Holding also doesn't have any pressure or mental burden on the owner of his assets because he keeps it in a wallet that is considered very safe from disturbances of things he doesn't want. Running a job by any method and hoping to get rich quick usually won't make someone get rich quicker and some may even have to suffer losses because the risk is too great.

I also never thought there was a work method to get rich quick through any sector in this world because basically everyone who wants to be rich must have enough time to process and must also have certain skills within himself apart from having patience in waiting for results after trying. That is why until now I still prefer holding than risking my assets in any exchange.

Swordsoffreedom

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Quote from: bayu7adi on June 11, 2023, 02:58:15 AM

Quote from: Swordsoffreedom on June 10, 2023, 09:26:20 PM

Riskier stake because you need to give your assets to a third party and need to choose a reliable platform, and in this market, no one is trustworthy but ourselves. I don't trust centralized platforms, and let's not forget what happened last year with lending and staking platforms like BlockFi, Celsius...So many lessons for us about leaving assets on centralized platforms whether it's storage or staking, it's all the same. In short, holding is still the safest solution for us.

Embracing an excessively extreme anti-centralized platform stance, in my opinion, is not a wise choice. As long as your life remains intertwined with various centralized platforms, it means you still entrust a part of yourself to others. We are social creatures who rely on others, not just ourselves.

This context also applies to the business world. We will still require the presence of others to generate greater income. It wouldn't hurt to do a little research to find a platform with a solid reputation before deciding to entrust your assets to it.

Centralized exchanges are also an integral part of the market, and we will not be able to separate from them, as long as we are still using fiat, we will still need exchanges to transfer exchange fiat and bitcoin and vice versa. But what I want to say is that we should use them for the right purpose, do not be too dependent and then regret. Exchange is for trading, buying, and selling, not a place for us to put our trust and store our assets. I'm not an extremist and am against CEX because I am using them too, but I also don't want to over-trust or entrust my entire security to them.

19Nov16

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Lend is of course a good and profitable option than hold, you could say Lend is almost the same as staking, when I first got to know cryptocurrencies around 2014 I actively lend bitcoin at Poloniex and at that time I could get interest or profit around 7% or even more per 6 months or more than 1% per month.

xSkylarx

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Quote from: S A KHAIR on June 11, 2023, 11:28:06 AM

Quote from: CarnagexD on June 11, 2023, 11:16:42 AM

Quote from: dansus021 on June 11, 2023, 04:37:57 AM

I don't know the answer could be a long answer but the simplest version of my opinion would be like this

Lend if you want more money while hodl but it has minimum risk, tho it is considered as a risk. and you need a person to use your money. Default on loans is still a thing and problems like this will never be going away. and most bitcoin lending would be on centralized exchange.

Hodl if you have enough money and can forget the noise of the volatility and the purpose is for really long term not a profit in short term and you dont want to take any risk associated with lending activities

Simply having Bitcoin and holding it is a risk in itself. Putting it on loan or getting it into a stake is stacking another risk. It is just a matter of how much can you tolerate with your risk appetite. Also, in my opinion, you are just basically being bored and impatient with profits for holding BTC. Because holding you requires you nothing to do something about it. And you want to do something about it. That is.

If you want to lend it, sure. Just take in mind its duration and credibility to which platform, exchange, or p2p you are going to lend you BTC

Even holding is the simplest, and if you can't do it. You are impatient and want to make a quick profit, and you use bitcoin to lend or stake. Sooner or later, you will take your bitcoins and invest in riskier things, and it is only a matter of time before you lose. Holding is the best and simplest way, we should take advantage of it rather than get rich quickly for a higher risk return.

That is mostly what I noticed with those new investors who want to hold Bitcoin because they want to get rich overnight, which is impossible or possible if you get lucky. ow that people are really impatient, just a simple drop by the Bitcoin newbies are now panicking to sell it immediately, even losing as they are now scared. They really are not thinking long-term; they want the immediate effect and feel it immediately. Those people that are not impatient can really earn a profit. Holding is really the best; you just need to be patient.

dansus021

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Quote from: CarnagexD on June 11, 2023, 11:16:42 AM

Simply having Bitcoin and holding it is a risk in itself. Putting it on loan or getting it into a stake is stacking another risk. It is just a matter of how much can you tolerate with your risk appetite. Also, in my opinion, you are just basically being bored and impatient with profits for holding BTC. Because holding you requires you nothing to do something about it. And you want to do something about it. That is.

If you want to lend it, sure. Just take in mind its duration and credibility to which platform, exchange, or p2p you are going to lend you BTC

yeah everything has its own risk including we live on earth is just a risk Grin

But Hold is simple thing than lending in my opinion I mean how many platforms nowadays that you can trust after a lot of things happen?

Blowon

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I'm not too sure about loans to invest. investment cannot be determined by time, when we will really benefit from the investment we have planted, while loans are things that we must pay back when the time comes. I don't think this is a balance, if I had to choose I would not even invest with borrowed money because there is also interest to be paid. or better invest with a small amount that we can afford it.

loopes

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Quote from: GideonGono on June 11, 2023, 06:06:09 PM

I prefer to HODL my own coin rather to lend it to someone else, honestly speaking we are all aware that there are times that the borrower would have a hard time paying it up, so what would happen if you really need the money and the borrower really doesn't have the capability of paying it to that certain date?
It is better to have control on your own money and it also contradicts the most used phrase we used to tell the newbies on crypto "Not your keys, not your coin".

when you lend your coin, it does not mean you lend it to some one else directly. but you can use any lending platforms. They will be handle and responsible for the collection of installment the loan from the borrowers. so that if there is a possibility of failure then they will have their own mechanism.

Topic: To Hodl or Lend: What is your take? - page 2. (Read 943 times)