Bitcoin Forum

We're doing a market survey on BTC investment protocol on behalf of DINNGO. The findings of this survey will be published in this post.

This survey will take ~3 mins of your time.

Survey link: https://dinngosurvey.typeform.com/to/W1sdjs?from=bad (https://dinngosurvey.typeform.com/to/W1sdjs?from=bad)

Why do we publish this survey?

Lending and Borrowing on Ethereum have become more and more popular. It shows that rather being a hodler, people want to re-invest crypto to make extra earning. Meanwhile, BTC remains its dominance in the crypto market over 60%. We believe in Bitcoin’s potential and HODL it tight. What do you think a platform that you can re-invest BTC in a non-custodial way (e.g., into Compound.Finance)? We would like to know how likely you will use this kind of protocol. We highly appreciate it if you can help us out!

You can find our previous survey results here: https://medium.com/dinngo-exchange/digital-currency-exchange-survey-3d491f56d877 (https://medium.com/dinngo-exchange/digital-currency-exchange-survey-3d491f56d877)

There is also rewards for this survey?
I check the blog and it seems that you choose people to give rewards from the last survey?
Are you going to do the same with this one? if there are how much will the rewards and how many people can win.
Edit. i already answered all the survey .

Thank you for the response.
There is no reward for this survey, but we will send survey results to respondents and you may join a paid interview with us.

In bullish season like what we are expecting this year then I can say that almost everyone are interested to re-invest in BTC especially that BTC is still very popular to the big investors.

I will try your survey and I am hoping that it will take that long to complete so I can finish it as I don't like to stay much especially in a survey platform as I am interested also to your service that we can re-invest BTC in a non-custodial way. But I didn't understand it it so I would like to participate in the survey to learn more about it.

If by re-investing you mean lending btc to others and earning return on it by locking the btc personally i do not like the idea, i prefer to keep my btc in my hand 100 percent of the time so i can make my decisions or if i need money i can cashout to fiat and if i find opportunity i can buy more.

I am very bullish when i say bitcoin is the surest of crypto currency investment.
And likewise, in times like this, re investing bitcoin to earn free money for me is ponzi.

No matter how sweet, how rewarding or how enticing any ponzi platform is, it is not the best.
Brethen, keep your bitcoin in your wallet or cold storage always.

NB: Just my personal opinion against indirect ponzis

Not always a ponzi. They're asking in the survey if we prefer custodial or non-custodial solutions.

I'd be interested in lending out my Bitcoins, even for very little income like 2% a year if I did not have to compromise my private keys and. Otherwise even 10% a year is not worth the risk for me. Safety of my coins is paramount and I can live without a fes % a year if that will make me sleep at night.

Very vain. They helped to introduce a reward for three random people in the amount of $ 10 each.
Such a move would provoke a significantly larger number of people to go through your survey. In addition, you would show your position in this way to your community.

it is better to save bitcoin yourself and sell it at the right time if lending it to someone else is not necessarily that person paying on time, I myself prefer to buy and save and sell it if the price is already good

Yes I will re-invest in BTC but in this case buying more and keeping in my wallet. This idea of lending, borrowing or rather compound finance as you pointed out, personally i don't buy it. I like having control over my assets (Bitcoin for that matter) and deciding what to do with it as at when due, there might be good coins to buy for potential profits wouldn't want to miss it because the BTC is already fixed onto something else. This is my own personal opinion or input.

Most definitely, if there was a genuine and legitimate platform that offers a certain percentage returns for btc investments, I wouldn't think twice about investing my btc. Reason being that, everyone is interested in growing their Bitcoin holdings and doing that without the complexities of trading is the best way to go. I mean who wouldn't want to hold and grow their Bitcoin at the same time? If your platform is offering this and combining a compound interest, it will most likely attract a lot of attention. Can I get access to the survey page? It's on private mode.

The survey says it's private so I'll answer it here.
I hold some bitcoins and I do want to earn some interest while I hold them. I don't want to exchange them to any other crypto or stablecoin as it might be a loss if I miss the bullish trend of bitcoin. Speaking of interest rate, anything below 12% per year are not worth bothering moving coins in and out. I personally have invested my bitcoin on several platforms and my average return are 1% per month.