Interest on Bitcoin

[proTECH77]

Wondering how many of you earn interest on your Bitcoin?
Do you feel this is risky, whoever owns the private key owns the BTC?

Those that earned interest from bitcoin are those people who believe so much on their strategies on daily operation in the market. Earning a good interest from your bitcoin it show that you have pass through so many difficulties in the market by which the price of bitcoin will increase today and dump tomorrow without any notice of decrease to their customers.
It look like risk of new traders but is not a risk to the eyes of the bitcoin investors because they know that whoever that own bitcoin own the reward attaches to it without fear of losing it to anyone in community.

[Maidak]

Wondering how many of you earn interest on your Bitcoin?

Interest rate in Bitcoin is really greater than any other physical asset. you know last year the lowest price of Bitcoin was $4k and now the price is over $66k. So mathematically Bitcoin gave near around 1600% interest within 1 year, tell me which asset will give you this much profit?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Yes, One of the safest things in the world is the Bitcoin hardware wallet. Once you have accidentally lost your wallet's private key, no software or developer will be able to recover your lost funds unless you disclosed your P.key somewhere. So, secure your key, your funds are 100% secured.

[rizqoAD]

Bitcoin income especially as a trader cannot be presented because it depends on the price of Bitcoin itself, I can profit many times if the price of Bitcoin goes up high and vice versa I can risk losing money if the price of Bitcoin goes down. As someone who has been in the crypto world for a long time I have experienced advantages and disadvantages, but learning from every mistake and not giving up easily is the key to success here.

[DarkDays]

I am pretty sure that everyone who is here especially loving Bitcoin has realize the risks of Bitcoin itself. As we know that it will give us risks and also profits. But, as long as we consider that profits are higher and we can manage our investment to reduce the risks, why not? Interested in Bitcoin is very normal.

And about getting or earning money from Bitcoin, we can just hold them, or even we can stake them to get some APY. but of course. Chooaing the right and trusted olatfome is very crucial to avoid scams.
Sometimes, scammers will give very high APY to attract us, but be careful on this and be realized

The risk will turn into profit over time management. Is there no risk when you take out life insurance or fixed deposit with a bank? It is most risky to keep money in the bank, cause you have no control over your savings here, if they go bankrupt, govt. will liquidate the company's physical assets and give you the lowest percentage.

The above really puts in perspective all the things that can happen when your money is in someone else's hands. There are risks by holding money in a bank where your money is getting thinner and thinner because its value drops over time.

While with crypto you keep your own money and you can earn rather than lose over time, and in some cases if prepared to wait for a longer time you'll be rewarded even more. This is in fact the opposite relationship to fiat.

So why wouldn't there be an ever increasing interest in Bitcoin?

[Slow death]

I'm surprised by some of the things I see, because OP doesn't look at things like this:

1 - if someone uses these interest sites, that person will have fixed interest rates and they are always saying that they do not give guaranteed profit and the site may disappear

2 - take bitcoin and hodl your wallet for a year, the person will probably have a high return and have the advantage of having control over the bitcoin they have

so why would anyone choose option1? does not make sense

[Questat]

You need to hold your Bitcoin if were afraid. Not your keys, not your Bitcoin either. You will have to think about that...
Everyone must have to understand that being in this form of investment guarantees nothing but if you can manage it so well, even it has just a lower interest, it can be good enough. What I mean is that you don't need to get into a higher interest rate as that seems unrealistic. Some put their Bitcoin to exchanges for this sake but the risk is too high, never do this if you can't afford it but rather keep it and wait for the right moment to sell.

[MD DANISH]

Iam very intersted in bitcion for buy and hold and trading in bitcoin so earning nice money

[Obito]

I only started using Binance's earn function which has a pretty low return for my bitcoin but since I am still hodling on to it, I might as well put it there to get some satoshis even if they're dusts. I think that there's not a lot you can get from bitcoin if you look for interests in any platform, bitcoin's just too big and we always have to look for equilibrium.

[sarmrakib]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

Its a easy way of earning btc and increasing your fund .Most of the platform are giving almost the same APR rate .You can get interest and can earn .I think you can get a good idea that he who invested and get interest in the past on btc just calculate now how much they have gotten the return .We need to think positively if we always think the market could fall we can't find a good return even after getting the interest .I think investing for interest is long term invested if you really wanna see a good result on that .You were saying he who own the privet key own the wallet ,its true so why you need to share the key when it is really need to store securely .

[FanEagle]

When you’re making use of a trusted platform, then this shouldn’t be something to worry about.
I have seen a lot of exchanges and other cryptocurrency platforms that offers this interest feature on bitcoin.

Yes, not having your keys means that you don’t have complete control over your coins, but these platforms can be trusted.

Platforms like Nexo.io, Luno, Crypto.com, Blockchain, etc. They are reliable. But even at that, you still have to understand that they can’t be perfect, so it’s up to you whether you would like to make use of them. And yes 6% is the highest profit that comes staking bitcoin on these platforms. There are other coins and tokens that can generate more than that. If you Crypto.com’s native token, you will make up to 20% interest.

[Oilacris]

I only started using Binance's earn function which has a pretty low return for my bitcoin but since I am still hodling on to it, I might as well put it there to get some satoshis even if they're dusts. I think that there's not a lot you can get from bitcoin if you look for interests in any platform, bitcoin's just too big and we always have to look for equilibrium.

Somehow putting up some funds into some certain platforms just for the sake reason of getting some interest then i dont see it to be that worth if you do look on the risky side of things yet you could

earn more than with those amounts if you do just simply held your own coin on your own wallet which you do possess its keys but for centralized platforms then its really hard to trust up
in regarding on this one because you wouldnt know on what would happen next.

So its up on your choice whether you could take that risk or not.

[smartaction]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo
thanks!

6 percent profit is a common thing that also given by the central bank of every country . Even if we are stacking USDT, BUSD we will get 10 percent APR interest . then why you think bitcoin staking is good with 6% interest . Where the price of Bitcoin constantly goes up and down and where there is high risk . So I don't think buying bitcoins for staking is a good idea . But if you are a bitcoin holder.  Then you can do this it will give you some extra profit

[Detritus]

Definitely someone is going to make interest in their investment on Bitcoin if the price growth is good. Your private key is the security of your asset, should be only kept safe by you and no third party.

[Godday]

Giving the private key is the most fatal mistake we make because that's where others will come in and drain our assets, so in this case we have to be careful, and investing in bitcoin in the long term is a big profit that we can definitely get and will pass the interest we predicted, but this will wait for a fairly long time as we see today the decline in bitcoin is very large and it takes time to be able to back to the highest value.

[Lien Uiryen]

I don't trust anyone else, only my family knows my keys. They also don't care how much I have. I do not earn interest on Bitcoin. I would choose altcoins. I think bitcoin has value.