To Hodl or Lend: What is your take? - page 4.

Asiska02

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

What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

Both ways are risky and have their own advantages and disadvantages. In the market, if you’re to make more money you’ll have to take risk in order to achieve that. Holding a lot of bitcoin to yourself is to your own advantage when the market goes on uptrend, the more you have is the more you’ll gain more profit.

In the case of lending out bitcoin and getting them paid back with interest is also a welcome idea as there’s certainty of increase in profit if the borrower pays back. If there’s delay in payment, you’ll only reap little profit with the bitcoin when the market goes on uptrend if the borrower hasn’t paid back yet. The worst case of it is not paying back, it’ll make you lose more capital, a very big decline in trading. Both of them are risky and are worth trying.

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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'd definitely HODL. Safer and more profitable in the long run. But please note that I'd change my mind if there would be a new safe way to lend your coins. Unfortunately (or luckily?) Bitcoin transactions can't be reversed and sending them to any custodial wallet/service means you're losing control over your coins and fully depend on the person/entity borrowing from you.

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Quote from: Iadegbola34 on June 10, 2023, 03:37:10 AM

Honestly, my take on bitcoin lending is that it can be quite risky. While it offers potential interest and an opportunity to increase your asset holding, there's always the chance of default or unforeseen complications. Personally, I wouldn't try it due to the inherent risks involved. It's better to be cautious with your valuable assets.

Granted, lending will bring us interest every month and can help us increase our net worth significantly, but the risks of lending are also great. I also would not choose to lend instead, I accept long term holding. While long-term holdings won't help us increase the ratio of assets, they are safer, and if we hold them long enough, the returns won't be so bad. The higher the profit, the higher the risk, the lower the return, the lower the risk, it depends on the choice of each individual.

Iadegbola34

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Honestly, my take on bitcoin lending is that it can be quite risky. While it offers potential interest and an opportunity to increase your asset holding, there's always the chance of default or unforeseen complications. Personally, I wouldn't try it due to the inherent risks involved. It's better to be cautious with your valuable assets.

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Quote from: loopes on June 09, 2023, 06:55:51 PM

Holding bitcoin with no planing is not only need patience but also causing us a uncertain anxiety. This because the investment which they have put is uncertain i mean when it will increase the price then give the desired result. However, I don't think I will interest to try bitcoin lending because in my opinion it violates the principle of bitcoin as a decentralized currency. when I lend my bitcoins to a centralized party then I will lose the essence of decentralization.

You don't have to lend to centralized parties like exchange and other websites that lending can be done on before you can lend your Bitcoin, you can lend with decentralized platforms or through P2P. Holding Bitcoin is already a plan, you don't need an extra plans for that. You're certain to receive an increase in value when Bitcoin increase by just holding your Bitcoin in your personal wallets therefore you don't need an extra plan.

When you might need an extra plans is when you want to sell your Bitcoin, you have to plan if you want to sell your entire portfolio or saved some and keep them for more gains in the future. It'll be wrong to sell all your bags unless it's an emergency that needs urgent money.

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Quote from: Swordsoffreedom on June 09, 2023, 09:00:46 PM

For lending, you may have problems like borrowers not paying or the lending platform crashing, as you mentioned. But if all goes well, you will profit monthly or even daily. Holding, lending or trading are all ways to profit in this market. Each of us has different options according to our needs.

If lending money to borrowers poses too much risk, it is advisable to require collateral as a condition so that borrowers cannot escape their obligations and can repay their debts in a timely manner. With this bond, the lending process can be less prone to fraud between both parties.

As for other options not mentioned, you might consider staking. Instead of just storing assets in a wallet and waiting based on price, it is better to engage in staking with the hope of gaining additional assets over time while waiting for the right price to sell. It is suitable for long-term investors.

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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 holding bitcoin really requires patience because if you are not patient you might loose what you have invested. There are people that are not patient when it comes in investing they do want to get back their investment the soonest as possible. I don't think i would give it a try it is very risky. Hodling and lending bitcoin have their own disadvantages and it would depends on your target goal and risk tolerance. Hodling strategy has worked well to many investors especially to those who have a lot of patience in waiting for the market to go higher for them to be able to take profit. Lending Bitcoin can provide a steady income through interest payments but this strategy comes with risks including possibility that borrowers had loss of funds due to hacking or other security breaches. As for me i would prefer hodling rather than lending.

Patrol69

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If I am asked or asked to give an opinion about the loan investment, then I will definitely give a negative opinion on the matter. That is, I will never tell you to borrow and invest in Bitcoin. From actual experience, the results of taking loans are never good. There are many people around me who have taken loans and ended up losing their homes.
Some of them may be very poor or have borrowed money from others to treat their parents or children but later when they are not able to repay the money on time the lenders seize their houses without getting their money and now they are living a very difficult life. I don't want that to happen to you. Do your own hard work and keep aside some money from that hard earned money and invest that amount of money and the investment results will be good for you.

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Quote from: Swordsoffreedom on June 09, 2023, 09:00:46 PM

All are risky, the higher the return, the higher the risk. Holding takes a long time to make a profit, or you won't even make a profit if you hold the wrong coin. For lending, you may have problems like borrowers not paying or the lending platform crashing, as you mentioned. But if all goes well, you will profit monthly or even daily. Holding, lending or trading are all ways to profit in this market. Each of us has different options according to our needs.

It's much better to have confidence and peace of mind while holding your bitcoins. You'll have not to think of any borrowers who won't pay their loans to you. But you're right that we've got different options and take from these methods. I don't want headaches in lending so, it's best for me to avoid this method and just be content with holding and accumulation when the right time comes. Being patient pays off very well and everyone can speak for their own experiences just as how they've held.

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Quote from: alastantiger on June 09, 2023, 04:58:20 PM

There are too many worries around bitcoin lending. Like how would you be able to guarantee that at the end of the loan your bitcoins would be paid to me or how will the lending platform/company make money. What if the company goes under? Obviously they can’t take it for themselves but there is a chance the coins could be lost forever due to human error, malicious intent etc

All are risky, the higher the return, the higher the risk. Holding takes a long time to make a profit, or you won't even make a profit if you hold the wrong coin. For lending, you may have problems like borrowers not paying or the lending platform crashing, as you mentioned. But if all goes well, you will profit monthly or even daily. Holding, lending or trading are all ways to profit in this market. Each of us has different options according to our needs.

loopes

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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?

Holding bitcoin with no planing is not only need patience but also causing us a uncertain anxiety. This because the investment which they have put is uncertain i mean when it will increase the price then give the desired result. However, I don't think I will interest to try bitcoin lending because in my opinion it violates the principle of bitcoin as a decentralized currency. when I lend my bitcoins to a centralized party then I will lose the essence of decentralization.

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Quote from: Fivestar4everMVP on June 09, 2023, 06:10:51 PM

Quote from: uchegod-21 on June 09, 2023, 05:56:38 PM

Quote from: lalabotax on June 09, 2023, 04:57:07 PM

Basically I am a holder.
but on the other hand, this will depend on what kind of person and goal you are. Holding for me is more precious to do because this is for Bitcoin. Something tht is very risky but o the other hand can be exactky very promising at once. As long as we have the right time to do DCA and make more for holding, it will be exactly worthy, won't it?

I have never heard the concept of lending or do it, so after reading Op, I thought they were trying to explain staking in another method. This is because in staking you still need to give up your capital for a certain period of time for a percentage interest.
But if lending means to give out all the coins such that you won't see it in your portfolio any more until it is returned, I think it is risky to do.
I won't risk my capital for a little profit. I will better be patient till when bull run comes and the coins will still grow in my hands.

If you really do not know about lending, it simply means you probably don't make use of centralized exchanges, or yet to get familiar with all their features, or lending services like Celsius before they went bankrupt..
Lending is pretty much very popular In the crypto currency industry, staking is also another means through which investors get to earn some interest as well, and is completely different from lending, leading means borrowing your money out completely, to earn some interest when the borrower returns the money...

And yeah, I agree wit you though, I would rather hold my money my self, than lend it out, but I believe one of the reasons why investors lend their asset is because it helps them to hold much longer without having the temptation to sell, you can't possibly want to sell an asset that is not in your possession.

You are right that I do not much about centralized exchanges. I don't honestly know, even the staking I'm.saying about, I haven't done also. I came into the crypto space and embraced bitcoin directly. And with bitcoin you may not get bit returns ad you may desire but one thing is sure that you will have some peace of mind.
I do not mind having to learn about these 1000 means to earn in the crypto world. But my reluctance is that the crypto space itself is a risk. Being in it is risky and going into more other risk may be very bad if not well handled by the person.

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Quote from: uchegod-21 on June 09, 2023, 05:56:38 PM

Quote from: lalabotax on June 09, 2023, 04:57:07 PM

Basically I am a holder.
but on the other hand, this will depend on what kind of person and goal you are. Holding for me is more precious to do because this is for Bitcoin. Something tht is very risky but o the other hand can be exactky very promising at once. As long as we have the right time to do DCA and make more for holding, it will be exactly worthy, won't it?

I have never heard the concept of lending or do it, so after reading Op, I thought they were trying to explain staking in another method. This is because in staking you still need to give up your capital for a certain period of time for a percentage interest.
But if lending means to give out all the coins such that you won't see it in your portfolio any more until it is returned, I think it is risky to do.
I won't risk my capital for a little profit. I will better be patient till when bull run comes and the coins will still grow in my hands.

If you really do not know about lending, it simply means you probably don't make use of centralized exchanges, or yet to get familiar with all their features, or lending services like Celsius before they went bankrupt..
Lending is pretty much very popular In the crypto currency industry, staking is also another means through which investors get to earn some interest as well, and is completely different from lending, leading means borrowing your money out completely, to earn some interest when the borrower returns the money...

And yeah, I agree wit you though, I would rather hold my money my self, than lend it out, but I believe one of the reasons why investors lend their asset is because it helps them to hold much longer without having the temptation to sell, you can't possibly want to sell an asset that is not in your possession.

uchegod-21

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Quote from: lalabotax on June 09, 2023, 04:57:07 PM

Basically I am a holder.
but on the other hand, this will depend on what kind of person and goal you are. Holding for me is more precious to do because this is for Bitcoin. Something tht is very risky but o the other hand can be exactky very promising at once. As long as we have the right time to do DCA and make more for holding, it will be exactly worthy, won't it?

I have never heard the concept of lending or do it, so after reading Op, I thought they were trying to explain staking in another method. This is because in staking you still need to give up your capital for a certain period of time for a percentage interest.
But if lending means to give out all the coins such that you won't see it in your portfolio any more until it is returned, I think it is risky to do.
I won't risk my capital for a little profit. I will better be patient till when bull run comes and the coins will still grow in my hands.

panganib999

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It's risky, and in my opinion isn't really something that you're in for the profits (unless you're some bitcoin millionaire/billionaire and you can just throw a couple thousand dollars willy-nilly to strangers you met on the internet, granted they have proof of identity or whatever you're asking) but something that you're doing because you wanted to help. I've seen a lot of people in this forum be scammed by people who aren't paying up on what they owe, tons of red flags ensued as you would've guessed. Is this something that they would be willingly doing, all because they wanted the profits? No. They did this because they saw that people needed bitcoin every now and again, and banked on the faith that these people are decent human beings who knows how to pay up debts when the due date comes. It's a risk they are willing to take, and along with it the measly rewards from helping people.

Bitcoin holding for profit is still king, some say you'd have to make your money work or else it's going to die out but in the case of bitcoin, if you don't know shit about the industry it's best to just watch it grow in fiat.

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Quote from: alastantiger on June 09, 2023, 04:58:20 PM

There are too many worries around bitcoin lending. Like how would you be able to guarantee that at the end of the loan your bitcoins would be paid to me or how will the lending platform/company make money. What if the company goes under? Obviously they can’t take it for themselves but there is a chance the coins could be lost forever due to human error, malicious intent etc

Maybe the profiting is low, but having the funds with us lets the user be on the safer side. As suggested the risks and process associated with it were big. To lend and get it back from the people around us itself a big tragedy. To lend and get it back online will have lots of risks. When it comes to bitcoin, what we earn through lending can be earned through holding. Maybe there'll be more time required to hold to experience the profit whereas with lending you'll receive revenue on particular time interval.

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There are too many worries around bitcoin lending. Like how would you be able to guarantee that at the end of the loan your bitcoins would be paid to me or how will the lending platform/company make money. What if the company goes under? Obviously they can’t take it for themselves but there is a chance the coins could be lost forever due to human error, malicious intent etc

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Basically I am a holder.
but on the other hand, this will depend on what kind of person and goal you are. Holding for me is more precious to do because this is for Bitcoin. Something tht is very risky but o the other hand can be exactky very promising at once. As long as we have the right time to do DCA and make more for holding, it will be exactly worthy, won't it?

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Quote from: coolcoinz on June 09, 2023, 01:33:21 PM

I hold my coins and avoid any exchanges or lending platforms. I used to feel like it's important to keep generating bitcoin by constantly putting it at risk: trading it, gambling, lending, investing in shitcoins, now I know better.

Having a lot of wealth stored in bitcoin also helps to make a decision because the more you have the less you feel like risking it. Spend time reading posts by newbies here and you'll see that they all want to make money fast and are willing to risk it all. Long time users, people who were here for 10 years will almost never do that. All of them will tell you to stay calm and hold bitcoin, maybe with some occasional trades if you feel like it.

I would definitely do the same on which it would be that non stressing if you do find your coins are really that in good storage and its not something being moved or been traded or been used actively.

Who doesnt really like to earn more? Of course we are really that doing our best to accumulate coins as much as we could but as we do all know that we would be needing to put up so much risks
for us to be able to do so which it is really just that normal. If you cant bare up with the risks then you could always have the option not to take some action and would rather be saving up your
coins and letting it sit on your own non-custodial wallet.

This is really that according into your preference since not all would really be having that kind of risk taking emotion or action to be made but rather they do go stick with much safer side
but its not totally 100% safe since we know that Bitcoin or crypto investment is never been safe in the first place but somewhat does really have that high potential specially if holded up for long term.

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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 bitcoin is way more risky and dangerous than lending money. Bitcoin has a very high value, so if the one you lend has lost his source of income all of a sudden, then you can never expect that your bitcoin will still be back. But if you manage your own bitcoin and be more patient to hold it for years, with high determination and discipline that you will eventually reach your goal, then you will grow more bitcoin in your account without even lending it to others. Lending may also be good and profitable but only for those who have secured and stable source of income aside from bitcoin investment alone.

Topic: To Hodl or Lend: What is your take? - page 4. (Read 943 times)