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?
Eitherway is good but depends on what type of an investor you are. Problem with lending your bitcoin is whether it would really be trustworthy or not. It will always give you worries of not being paid, right? 'coz anything could happen. Unlike with just investing and holding wherein no other person or company would be able to make use of your asset and even if it would require you to hold for a long period of time. So maybe, to determine which would be a better way to earn profit, depends on risk tolerance of the investor. Everything has its own risk and as an investor your task is to minimize it as much as possible. 
Topic: To Hodl or Lend: What is your take? - page 9. (Read 897 times)
Well, the first thing is to know your trade.
You can't rush into lending when you've got no idea on how it works. I've seen quite a few Legendary members on the forum offering lending services and though I've never been in the position to take crypto loans and hope not, I am sure they take a lot into consideration like, determining the value of the account, credit score and the known wallet of the user forum wise.
These are some criterias as I sense it possible.
Even with these, am not sure it's a service I'll like to offer. I don't even have that much to give away and not very sure how the services works but, I find if very risky especially due to the nature of cryptocurrencies.
You can't rush into lending when you've got no idea on how it works. I've seen quite a few Legendary members on the forum offering lending services and though I've never been in the position to take crypto loans and hope not, I am sure they take a lot into consideration like, determining the value of the account, credit score and the known wallet of the user forum wise.
These are some criterias as I sense it possible.
Even with these, am not sure it's a service I'll like to offer. I don't even have that much to give away and not very sure how the services works but, I find if very risky especially due to the nature of cryptocurrencies.
it depends on how your style of investing. if I'd rather take some to make a profit if it's profitable, but if not I'll try to be patient with the hold. but if it is profitable, I will not immediately take all the profits, but gradually so that I can feel how the peak of the bull trend at that time was. next, I think my bitcoins are not enough to invest because there are still lots of profitable coins to invest.
That is how to be profitable in the market, we need to ensure that we take some profits from our trading account before we continue trading. It is very important for us to know when we are ought to leave the market than to keep trading and lose all our profits that we might have used to settle some bills and do some important things. Those who know how to trade and have the experience would never have to keep trading without having rsok management journal at place to guide them how they could trade and earn some good profits from the market without much contemplating. 
There are people who are not strong decision-keepers, especially when it comes to holding on to and depriving themselves of things that are not necessary but are pleasurable. I'm one of those. Since I know I can't have Bitcoin in my wallet, I have full control over it with the mindset that I can still replace it. If I see something that I actually want to buy, I will refuse to buy it.
Aside from my own Bitcoin, which I gifted myself as a birthday gift, and a few others that I bought on different occasions specifically for holding, I actually find it difficult to save my earned Bitcoin. I learned most of them out. I prefer lending them out knowing that I have them someplace, but I can't actually reach them when I just want to until the due date. Lending out my Bitcoin hodlings actually helps me to save them more, and sometimes it gives me a little interest too from the person who I lend it to. I feel so free with this because it's less of a risk to me since I know who I'm lending them out to, up to his door step, and if anything goes sideways, I can always walk up to the person and demand my Bitcoin back or I take off the collateral as per agreement.
Aside from my own Bitcoin, which I gifted myself as a birthday gift, and a few others that I bought on different occasions specifically for holding, I actually find it difficult to save my earned Bitcoin. I learned most of them out. I prefer lending them out knowing that I have them someplace, but I can't actually reach them when I just want to until the due date. Lending out my Bitcoin hodlings actually helps me to save them more, and sometimes it gives me a little interest too from the person who I lend it to. I feel so free with this because it's less of a risk to me since I know who I'm lending them out to, up to his door step, and if anything goes sideways, I can always walk up to the person and demand my Bitcoin back or I take off the collateral as per agreement.
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?
If you are trying out to become a lendor or someone who do run a lending business then risks would be always there, there's no such business that there's no risks but i wouldsay that on this one is pretty high and this is why you would really be setting up those terms on having that collateral which would really be lessening out the risks of huge loss
in case if a certain loan isnt get paid or had defaulted. Surprisingly there are lendors out of this forum does offer that no-collateral loans but of course the qualifications isnt
something that you could really be able to get in.
If you do want or like to be on the safer side of things then you would really be preferring on holding your coins in long term, but its true that there are people who arent that patient
enough on waiting for years just to have that 10-20% kind of increase of their investment and much preferred on getting more. This is why they do really end up on these kind of
options on which i couldnt blame them because if we do really make out calculations then it is really that true that you could really earn more if you do make out such
investment or business decisions connecting to it.
Lending has always been a very risky activity, which is why banks put forward so many conditions before giving you any money and why a great deal of the world population has no access to loans at all, so this immediately makes me to discard lending on my mind, now I do not know how to trade and it took me a great deal of time to learn how to do it, but when I consider all the effort I need to do, I prefer to simply hold my coins and obtain profits with almost no effort on my part.
And it was hard to trust people online which makes crypto lending more risky than what the banks or any offline lending institution does. That is why only a few people doing this as they can't carry the risk. If I have to find a way of growing my money, I shouldn't do that as well, I'd rather just use my funds for investing potential assets and hold them waiting for the right moment to sell as it was safe at least compared to let people borrowed it and possibly lose them. 
What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?
It's a business just like any other business that has risk. The risk there is that they might not be able to get paid by the borrower and we've seen that happen for so many of the lenders. I have this in my mind but I guess this isn't the line of business for me. If I've got a lot of funds and spare moeny that's sufficient to start a lending business, why not? But as of now, it's a no for me.
In real life, it's not that I've lent bitcoin but cash and then many of those people that made themselves look pitiful upon borrowing didn't paid me back so, I've got that experience already and that's why not for now.
Holding is a more precise decision in my view because while you are holding it gives you a broader domain to play, Simply holding all the time is not a good habit in my view just plays with your mind a specific amount and sell it in the market boom and rebuy whenever you get the healthy correction or average cheap prices. it will benefit you in two means one your value is increasing from time to time and secondly with that value if you are again investing then your total amount of the asset is increasing gradually. It clearly means greater profits and returns.
On lending, I have some strong observations it puts an extra load mentally. Most of the people who are involved in the signature campaigns are also involved in the Lending as well from most of the people I mean the regular ones who have at least some open lending positions active all the time.
On lending, I have some strong observations it puts an extra load mentally. Most of the people who are involved in the signature campaigns are also involved in the Lending as well from most of the people I mean the regular ones who have at least some open lending positions active all the time.
it depends on how your style of investing. if I'd rather take some to make a profit if it's profitable, but if not I'll try to be patient with the hold. but if it is profitable, I will not immediately take all the profits, but gradually so that I can feel how the peak of the bull trend at that time was. next, I think my bitcoins are not enough to invest because there are still lots of profitable coins to invest.
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 has always been a very risky activity, which is why banks put forward so many conditions before giving you any money and why a great deal of the world population has no access to loans at all, so this immediately makes me to discard lending on my mind, now I do not know how to trade and it took me a great deal of time to learn how to do it, but when I consider all the effort I need to do, I prefer to simply hold my coins and obtain profits with almost no effort on my part. 
What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?
The only risk that could only be involved in Bitcoin lending is knowing the capacity of the borrower's ability to pay back your loan at when due without giving an excuse. Because to me, I will prefer to lend my Btc out rather than USDT, so that if when due, the price of Btc happens to increase then you stand to be on profits, but if the price happens to have fallen then you stand to be at a loss.So to me, I will prefer taking a USDT loan than a Btc loan, but will love to lend my Btc and not USDT.
It is risky, I haven't thought about doing Bitcoin lending before now but in the future, I might give it a trial for now, I would rather hold my coin and be checking the trends for the increase rather than trade it or lend.
Since the market is not easy to analyze, the choice we have now is keep holding Bitcoin for as long as we are going to earn from it. There are people that might not have the patience to hold for a long time because they might have a plan and needing money to execute the plan. If we keep investing without having reserve where we are take money and use to settle our daily bills, we might be forced to go to our holdings and use part of the money to buy or settle whatever we want to us it to do. It is better for us to hold now and profit later when the market is finally on a bullish trend. 
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 is highly risky and you may lose all the money that you lend if they default and you can't do anything about it, to make it clear you can visit scam accusation board and find loan defaulter and some of them were highly reputed members of bitcointalk so it's unsecured loan with high interest rate. But it's not really a way to keep your patience level, if you can't hold when the prices are swinging then you need to work on yourself about managing your funds instead of giving it to someone else in the name of lending. 
Regarding earning Bitcoin through work and using it for daily expenses, it is a valid point that many people earn Bitcoin as a form of payment or income. While it is ideal to hold Bitcoin and avoid converting it to fiat, sometimes financial circumstances or an urgent need may require them to convert their Bitcoins into fiat. Anyway, everyone's financial situation is different, and sometimes selling Bitcoin becomes a necessary choice based on personal circumstances and needs. The key is striking a balance between holding for the long term and meeting your immediate financial requirements.
It is risky, I haven't thought about doing Bitcoin lending before now but in the future, I might give it a trial for now, I would rather hold my coin and be checking the trends for the increase rather than trade it or lend.
However, holding your bitcoin requires a patience mixed with strong will.... What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?
To be very Honest, i am against this lending system where we have to pay interest. I know this system is there from the start but its not moral work or a way for borrowers to take the money and for lenders to earn money on interest. So i will pass that path. Secondly, you are totally right about patience plus people who are involved in trading but there are other people too. Like me, who are earning BTC by working, those who get paid in BTC in exchange of their services and products. And, if i talk about myself, i never want to withdraw my BTC to fiat even for daily expenses, but still, i have to as it is necessary that's why we are earning money, so what use do they have if we will just save them instead of using them. Even now, i do not want to exit the market but i have to. The point is, holding BTC solely not depends on patience but on the conditions and situations being made for you. If you have left no other choice then you have to sell BTC.
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?
To lend out an asset like bitcoin, what is going to be the collateral? I can't lend my Bitcoin just like that to anyone, lending don't have anything to do with one's reputation, there must be a collateralized asset for anyone to give out my Bitcoin to anyone; and for me to giveout bitcoin, I wouldn't take any altcoins for collateral, they are too risky for collateral because they can easily be liquidated when the market becomes too volatile.
However, with what I have seen in the Forum from lenders who give out bitcoin as loan to other members, it's a very profitable venture from the % profits I have seen in their profits, the profits may be little per individual but when combined as a whole, it's worth something big because they are accumulating more merit and when bullrun comes, they will earn from the profits they make too.
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?
What kind of platform?
If they are all using non-actual bitcoins, like WBTC or even RBTC, they surely give away all of their bitcoin into somebody else hands. Especially, if they use centralised platforms. There are no returns that are good enough which will make it worth to lends the bitcoins. Bitcoin does not support a flexible smart contract, so any decentralized exchange must be an off-chain platform. We do not know how secure and safe the platforms are, by using them, I'm sure the risk outweigh the returns/interest potentials.
Lending in general involves a double risk, one of which is the fixed payment term with a guarantee, if you do not pay within the payment term, the guarantee will be liquidated at less than its value, and the second is the interest, which is rising in our current days due to inflation and because of the increase in interest rates.
These risks increase in Bitcoin as the value is very volatile and volatile, and therefore you add another dimension to the factors that currently exist. It is an option that I do not recommend to anyone because you want to borrow in a high-risk investment with slow returns in the short term and the results are not guaranteed in the long term. DCA is the best strategy, it allows you to grow slowly but after a few years you will notice that your assets have increased well.
These risks increase in Bitcoin as the value is very volatile and volatile, and therefore you add another dimension to the factors that currently exist. It is an option that I do not recommend to anyone because you want to borrow in a high-risk investment with slow returns in the short term and the results are not guaranteed in the long term. DCA is the best strategy, it allows you to grow slowly but after a few years you will notice that your assets have increased well.
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.
To hodle is for bitcoin appreciation and to buy is bitcoin depreciation, these are the two major factors that involve in bitcoin investment. You buy when bitcoin is low and hodle it for a long period of time for bitcoin to increase and you sell it.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.
Those who not good in managing finance can not hodle bitcoin because if anyone wants to make good profit from bitcoin investment, he or she must be will to keep the coins for a very long period of time. Impatient humans can not invest in bitcoin.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?
Op everyone cannot wait. So they diversify to other means of investment and make fast money to solve some immediate problems. Jump to: