How to keep Bitcoin while getting benefits

[velosepur]

Answer is staking what else. Dont know to give you advice about staking and where to do it so check some advise of other members who have experience regarding your question.

[Boov]

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

We don't know if we're going to get a loan again, but if you use the minimal portions of your gains; maybe you'll able to pay your loan eventually.
However, if you're going to do some loans today I don't think it's a wise thing because long term trading won't sustain if that money you're going to invest came from bank loans. Getting the benefits should also came from Bitcoin all alone but not the whole profit.

[yhiaali3]

Third-party services cannot be trusted, if you want to provide bitcoin as a guarantee, the third party that will give you the loan will not accept that the bitcoins remain in your hand, but must move to his hand to obtain the guarantee, in this case you are in great danger of losing these bitcoins because their keys are in third party hand. Also, if you do not succeed in paying off your debts in time, you will lose your coins as well.
Perhaps the solution in the future is to find some kind of services for Bitcoin, such as DeFi projects, I mean farming or staking and get profits in Bitcoin. In this case, you will keep your coins and get profits at the same time.

[TheGreatPython]

I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?

I am sorry that I am totally got confused with your statements.
Because, if you go for loans then you need to pay interest and you will not be in a side to earn interest.

If you mean that you use your bitcoins as collateral and then if you get some USD to lend out then you may earn interest but for that you need to earn more interest than your BTC loan (because for your BTC collateral based loan also you must need to pay interest and those interest-free loans may not be availed for long duration).

Could you please elaborate on what you are exactly looking for? So that, people here might be helping you up to your precious expectations.

[feelideb]

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

I think the essence of having bitcoin is lost here if you give your bitcoin out to third party in order to earn interest when your bitcoin is loan out o there custmers. I made this mistake in 2014 giving out my bitcoin for ability to earn more with a trading company that was legit then but turn out to be scam years later!

[sempak]

Just hold your Bitcoin and spends only if it's necessary. If you know how to trade you can easily double your Bitcoins or triple but that would be risky it would be like gambling. I think you mean staking your BTC right? your Bitcoin amount increase while the value of it increases as well. I'm get confused a little bit about the loan one.

[zanezane]

Just hold your Bitcoin and spends only if it's necessary. If you know how to trade you can easily double your Bitcoins or triple but that would be risky it would be like gambling. I think you mean staking your BTC right? your Bitcoin amount increase while the value of it increases as well. I'm get confused a little bit about the loan one.

Hodling won't make you money actively although it's your best option if you want to stay on the market hoping it will go up. For me, staking is a really good one because it helps you make some money while hodling although, I don't know any services that offer staking of bitcoin, probably other altcoins do some offers.

[ven7net]

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

Probably in order to make a profit on BTC without selling it at the same time, then for this it is enough to invest your BTC at a certain percentage, for example, to join a certain fund or organization. However, there are also risks in any investment that cannot guarantee 100% safety of your BTC. Perhaps in the near future banks will launch such a function, since there is already talk about this and then it may become a good opportunity to make a profit on BTC without selling it.

[Reid]

Mostly it will be with trading. You need to buy it back and gain some.
What you gain could be your starting point to make more profit and keep the initial investment that you made.
Just be sure you won't move that whatever happens.
Cons: Monitoring the crypto industry to trade better. Being active with any events that happen inside or even outside the crypto industry because some of them will affect it. It's a lot of work and that happens daily.

[Rengga Jati]

1. You will not get any profits if you only hold Bitcoin without selling or cashing it out
2. You will see the value of your Bitcoin higher compared to USD or fiat rate when the price of Bitcoin is rising up
3.We cannot predict 100% when the price will be up very significantly as what we are expecting
4. Never get a loan to invest in Bitcoin because it is too risky to loose our money and we cannot get back the loan in the short time

[qory]

It's not that smart to hold it for long time if you are not sure if it's going to earn but if you are sure about it and you still want to have benefits while holding it, I could suggest that you should stake it. I am not sure where you can find that kind of service but you can stake your Bitcoin and earn more Bitcoin of course.

[TheUltraElite]

Answer is staking what else.

The question arose because of this exactly. The reason why staking was being made popular even though the average outcome from staking is way less than profitable is not known to me. But of course, holding bitcoin in your own wallet at least makes sure it would not get stuck in limbo one fine morning and you get to know that the site got hacked where you kept your coins.
Dont forget that hackers are always trying to find loopholes in systems that appear new and are a focus of storing money. Reason why they target exchanges and they often get hacked and end up in the news.

I would like the OP to reply back to this topic, I hope the question they were meaning to ask but felt too shy to put it in words actually has been answered.

[bandungan]

it's impossible bro if you only save in the wallet but hope to get a profit, in my opinion is the best way you have to hold while looking at the position of market conditions. because we need to know if market conditions go up bitcoin can be sold at a high price and that's a wise choice

[lablab03]

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

through exchanges you can withdraw some of your profits bro without touching your capital..  Coz that's what I'm doing everytime i trade and there's enough profits.. Especially when i need money for something . But maybe it will work only if you'll transfer your money to spot account within exchange, but you should try if it will work through wallet section coz tbh i don't have experience bro when it comes withdrawing money from the wallet of exchange itself only spot account. . Lmao  maybe it possible coz your balance is displaying in it.

[jaberwock]

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

I have seen someone ask this same question once in this forum. In a case like this, if you don’t want to sell your bitcoin and you want to make use of it without having to give up on it, then you will have to give it out like you have said, and use it to take a loan and then pay back later and have back your assets.

There are lots of crypto platforms that does this. You give them your crypto assets as collateral and they borrow you money, and whenever you pay back, you can have your asset back, and it will be worth whatever the current market price is. That way you can save your crypto assets and make use of your profit without giving away your assets completely. But then you also have to be very careful. It’s always best to sell and use the money to do whatever you want and then when you get back you can invest again.

[3la9l_kolbaCa]

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

You could still get what you wanted from Bitcoin even holding within long term timeline, get small amount of the gains you had. Don't take everything because that's the reason why we lose a lot, so better manage your funds according to what you can afford to spend.
My advice about getting loans could be a worst case scenario, you might not make things work out to sustain profitably.

[tvplus006]

...I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. ..

The money received as a loan, using BTC as collateral, is not a profit. And you will not receive interest on it, but on the contrary, you will need to pay interest on the loan received. And if you are unable to repay the interest and the loan itself in a timely manner, then your BTC that you have deposited as collateral will be used to pay off your debt.

[boyptc]

it's impossible bro if you only save in the wallet but hope to get a profit, in my opinion is the best way you have to hold while looking at the position of market conditions. because we need to know if market conditions go up bitcoin can be sold at a high price and that's a wise choice

It's already assumed by op and what if it reaches 1 million.

There were already suggestions that have been said that how he can benefit from it but he has to do one thing, selling. We're going to sell if we want to trade it for anything, cash or another crypto and opposing the process to retrieve it with profits.

[Hypnosis00]

The best way to earn passive income while holding your is through staking it but be careful on the platform you will use as @neuroticfish already explained above. The safest custodian wallet that offers staking is Binance and you can have some good APR there by just staking it. Just setup a good security measures there and pray that Binance will not gonna run(Very low chance).

Indeed, I've found staking is much easier and less risky unlike if we lend our Bitcoin to someone's custody or to a third party. In fact, I'm also using Binance exchange and use flexible saving so any time I could be able to withdraw them.

Well for me, I didn't just hold my Bitcoin for a very long time. A very simple trade like buying at low, hold, and then sell during the Bullrun (repeat the cycle)is quite more profiting, and I certainly not boring since you were still active in the market situation.

[crzy]

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?
I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again?
How to keep the bitcoin while getting the initial investment income?

Staking can be the option but I think its not available with Bitcoin, and the only way to enjoy your profit is to sell it. You hold a lot of Bitcoin so there’s no need to take a loan, don’t hesitate to use your bitcoin to reinvest it in other project, that could be more profitable if you use your bitcoin the right way.