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Author Topic: How to keep Bitcoin while getting benefits  (Read 569 times)
sheenshane
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August 10, 2021, 11:29:24 PM
 #41

There's no way to keep your Bitcoin while getting benefits without selling on it if you got a loan and your Bitcoin use as collateral, there could be a chance that your Bitcoin will sell at a lower price to pay your loan if you cant able find the cash to pay it.  There's no way is to have a risk on it, it could be you are a lender, trader, staking and etc. that has a form of gambling that uses your Bitcoin with the return of Bitcoin itself.

But as I said, all of these have a risk, it might you will earn or lose a small percentage of your holding.  I prefer not to bother myself with all of this if I can hold my Bitcoin in a long run and wait until it grow the price.
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August 13, 2021, 06:56:45 PM
Last edit: August 13, 2021, 07:15:46 PM by suzanne5223
 #42

There many ways to keep your Bitcoin holding and also get benefits from it.
1) Offer lending service but this is somehow risky and I will advice you have proper knowledge before starting it.

2) Stake your Bitcoin holding on exchange site that have SAFU, plantform like Sovryn (i heard they provide an outstanding APY for USDT staking), or casino that provides dividends.
This are the profitable way I know that you keep your holding and get more benefit.

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August 14, 2021, 06:01:59 AM
 #43

1) Offer lending service but this is somehow risky and I will advice you have proper knowledge before starting it.
Lending through this forum might be a secured one. But, heavy competition a new lender may experiences as I do see already lots of lenders are active these days (lending must be an easier way these days for merits and trust core here).

2) Stake your Bitcoin holding on exchange site that have SAFU, plantform like Sovryn (i heard they provide an outstanding APY for USDT staking), or casino that provides dividends.
I am not aware of any of trusted services for bitcoin staking but some offers for other altcoins and stablecoins.

I agree trusted gambling houses must be a better way to enjoy benefits by investing bitcoins. Unfortunately houses like yolo/bustadice/crypto.games are no more in business or stopped investing opportunities.

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August 14, 2021, 06:25:28 AM
 #44

If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin?

By continue holding it and not getting carried away woth the thousands of ways that'll be invested in disguise of you profiting while as not selling your Bitcoin. Of Bitcoin was ti reach that speculation of yours (which isn't unlikely) then expect scammers ti uo their games in trying to steal your bitcoin so instead if regretting later, better just hold unto your coins.

Start preparing now for alternative wayse that'll help you then in not selling your Bitcoin. You can decide to just get some few altcoins but do note this isn't a guaranteed investment but provided Bitcoin has reach that price, it'll definitely take some altcoins with it like Ethereum and their likes so having to invest in them to be sold in future won't be a bad plan.

Don't ever think of giving your Bitcoin to any exchange to give you return or any investment platforms out there, instead basically just sell and rebuy when the price is lower and you have already taken the funds you need before rebuying.

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August 14, 2021, 07:23:53 AM
 #45

2) Stake your Bitcoin holding on exchange site that have SAFU, plantform like Sovryn (i heard they provide an outstanding APY for USDT staking), or casino that provides dividends.
This are the profitable way I know that you keep your holding and get more benefit.
I would avoid staking it on any exchange even they are reputable. It may look profitable but I won't compromise the safety of my bitcoin. Well, in those staking features in exchanges, the more you stake, the higher profit that you shall receive, and that encourage depositors to put more bitcoin at stake. But isn't that too risky for someone who thinks about it? I haven't used any stake in any exchange like that you've mentioned and prolly won't do any of it in the future. I'll keep it on my wallet which I think is better.

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August 14, 2021, 08:36:52 PM
 #46

1) Offer lending service but this is somehow risky and I will advice you have proper knowledge before starting it.
Lending through this forum might be a secured one. But, heavy competition a new lender may experiences as I do see already lots of lenders are active these days (lending must be an easier way these days for merits and trust core here).
Yes, but if think about loan defaulters I won't recommend lending here for the OP and the last time I checked there is a reputable crypto-related site like Nexo, etc which will handle it.

2) Stake your Bitcoin holding on exchange site that have SAFU, plantform like Sovryn (i heard they provide an outstanding APY for USDT staking), or casino that provides dividends.
I am not aware of any of trusted services for bitcoin staking but some offers for other altcoins and stablecoins.
I agree trusted gambling houses must be a better way to enjoy benefits by investing bitcoins. Unfortunately houses like yolo/bustadice/crypto.games are no more in business or stopped investing opportunities.
I don't know about crypto games but I'm aware of Yolo and Bustadice stopping bankroll investment which is different from what the OP asks for and how staking is operated.

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August 14, 2021, 09:32:56 PM
 #47

Bitcoin is a long-term investment coin, it is not possible for anyone to profit from Bitcoin if they lose patience by investing in Bitcoin. You will see that you can invest in Bitcoin and save it for a long timeYou will go through a lot. So invest in Bitcoin and wait patiently.

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August 14, 2021, 09:40:37 PM
 #48

2) Stake your Bitcoin holding on exchange site that have SAFU, plantform like Sovryn (i heard they provide an outstanding APY for USDT staking), or casino that provides dividends.
This are the profitable way I know that you keep your holding and get more benefit.
I would avoid staking it on any exchange even they are reputable. It may look profitable but I won't compromise the safety of my bitcoin. Well, in those staking features in exchanges, the more you stake, the higher profit that you shall receive, and that encourage depositors to put more bitcoin at stake. But isn't that too risky for someone who thinks about it? I haven't used any stake in any exchange like that you've mentioned and prolly won't do any of it in the future. I'll keep it on my wallet which I think is better.
Well, that is right -- there is no guarantee even if that is a reputed exchange. OP looking for benefits while holding your bitcoin, I don't think holding is enough to have benefit for him because when the price will go up, the amount will surely increase and in that way, you will earn a profit on it while holding.
However, everything has a risk if you let your bitcoin handle to others or third party like staking on an exchange, you are not holding or keeping your bitcoin in the first place. But if you really want to take a  risk and potentially looking to double the number of your assets, just do trading and gambling using your bitcoin, that is the only way.









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August 14, 2021, 10:42:16 PM
 #49

There is no how you can take profit without selling your bitcoin, assuming you bought $50 worth of bitcoin and the price doubles, then you want to take profit and keep the capital all you got to do is to sell part of your bitcoin that worth the amount of profits you want to take and leave the rest, that the only way you can take profit, you can't eat your cake and have it back, if you don't want to sell then you don't need to take profit.

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August 14, 2021, 11:20:15 PM
 #50

There is no how you can take profit without selling your bitcoin, assuming you bought $50 worth of bitcoin and the price doubles, then you want to take profit and keep the capital all you got to do is to sell part of your bitcoin that worth the amount of profits you want to take and leave the rest, that the only way you can take profit, you can't eat your cake and have it back, if you don't want to sell then you don't need to take profit.

That idea is somehow interesting, you're only going to spend the gains and just letting your capital run until such time it gained much bigger profit. Spending everything isn't a wise idea, so we should think wisely before taking actions.
Diverting you profit with other coins that has good potential was also another strategy, you're getting good gains while presently holding btc and enjoyed all benefits.

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August 14, 2021, 11:52:05 PM
 #51

There is no how you can take profit without selling your bitcoin, assuming you bought $50 worth of bitcoin and the price doubles, then you want to take profit and keep the capital all you got to do is to sell part of your bitcoin that worth the amount of profits you want to take and leave the rest, that the only way you can take profit, you can't eat your cake and have it back, if you don't want to sell then you don't need to take profit.
Well, if you just know about staking, maybe you don't need to sell your Bitcoin for the sake of making a profit. In fact, this was already been used by many and the profit is good but never it thinks that really give you a huge profit, unlike trading. But the good thing about staking is that your funds are safe provided that you are using a reputable site. But also have to keep in mind that putting funds in the exchanges is also at risk, so it was best not to hoard big amounts.

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August 15, 2021, 05:08:44 AM
 #52

I only suggest just do your best, and I still think that the long term is still very promising for profit, it doesn't matter if you don't get the initial investment income I guess, we can still keep holding it patiently, but indeed if it's really necessary... the point is we can examine of price movements where its highs and lows in the near term.
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August 15, 2021, 05:23:02 AM
 #53

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?

If you are talking about holding a coin then how you expecting to earn profit.
When you hold a coin for long term then you should also expect the profit to come after long time.
Regarding the BTC loan, yes you can do that but yes it’s again some other people’s money and collateral issues.
So it’s better not to dream for quick profits. Hold the BTC as much time as you can and enjoy the profit at last.

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August 15, 2021, 05:40:47 AM
 #54

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?

There are plenty of crypto sites who can provide you interest on your savings. For example, 4.08% can be earned on Freebitcoin website just by saving your bitcoins on their account. As far as I know freebitcoin is the most trusted website on the net and moreover, there is also one program which gives you 10% additional interest rate by holding the FUN token. You can check the whole thing on freebitco(dot)in. Also read all the terms and conditions before investing your money. Or else you can just go ahead start trading your bitcoins. You are saying lot of bitcoins which is huge amount of money. Even 4% interest from the sites can be enough for you.  Cheesy
rodskee
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August 15, 2021, 06:28:18 AM
 #55

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 can earn by staking but this is risky as you need to find super legit company to put your funds because in certain time , the coins will be on them as the process of staking is running so basically it is for you to decide how long will it takes.
but also if the day comes bitcoin achieve 10 million dollar value then for sure you will have other option to invest from altcoin so your decision might change that time and may convert some of your bitcoin to another altcoins that can generate increase when altcoin season comes.
I only suggest just do your best, and I still think that the long term is still very promising for profit, it doesn't matter if you don't get the initial investment income I guess, we can still keep holding it patiently, but indeed if it's really necessary... the point is we can examine of price movements where its highs and lows in the near term.
He is asking what to do and you are advising doing his best ? how and what strategy that might me.

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August 15, 2021, 06:34:01 AM
 #56

You mean keeping your Bitcoin but at the same time getting profit? I think holding will do the work as long as the price keeps increasing but there are some alternative ways you can do such as participating to staking but I think it's much better if you choose a service where you can unstake your Bitcoin anytime rather than a lock investment in that way if the market crash you would be able to sell it.

ninabobo
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August 15, 2021, 07:33:15 AM
 #57

The best option according to my opinion is of staking them, then only it will give you profit without selling them but the staking should be in that way that id is trusted completely otherwise you will lose it.
Well said, staking is the only way to take profit without selling off the bitcoin used as capital, in staking the actual amount of bitcoin remains safe depending on the platform used for staking while the outcome or profit it gives can be taken out, by the way the amount of bitcoin used as capital won't be shortened no matter the high bitcoin becomes, the staking rewards can be sold and still yet the capital remains solid.

dustboy
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August 15, 2021, 08:52:59 AM
 #58

The best option according to my opinion is of staking them, then only it will give you profit without selling them but the staking should be in that way that id is trusted completely otherwise you will lose it.
Well said, staking is the only way to take profit without selling off the bitcoin used as capital, in staking the actual amount of bitcoin remains safe depending on the platform used for staking while the outcome or profit it gives can be taken out, by the way the amount of bitcoin used as capital won't be shortened no matter the high bitcoin becomes, the staking rewards can be sold and still yet the capital remains solid.

Other thing we can do is offering lending service but be sure to lend it to people we trust only, or offer it with collateral requirement. By this lending service, we can get some profit from the interest and the amount can be bigger than normal staking like what is offered by freebitcoin.
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August 15, 2021, 03:43:04 PM
 #59

If you are talking about holding a coin then how you expecting to earn profit.
When you hold a coin for long term then you should also expect the profit to come after long time.
Regarding the BTC loan, yes you can do that but yes it’s again some other people’s money and collateral issues.
So it’s better not to dream for quick profits. Hold the BTC as much time as you can and enjoy the profit at last.
What he’s trying to say is that he doesn’t want to spend his bitcoin, that he would like to borrow money and then give equivalent of his BTC to them as collateral, and later he would pay back the borrowed money and get back his BTC. What he’s trying to do is to save his coins in case the price should go up around the time he would be spending it, so instead of spending the coins he would just borrow money in place of it and save it. That’s what he’s trying to say.

If he can be able to pay back the money that he has borrowed at the right time and not end up losing the BTC that he used as collateral, then it wouldn’t be bad if he tries it, cause people do it regularly by making use of platforms such as Nexo and the rest of them.
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August 15, 2021, 05:09:37 PM
 #60

The best option according to my opinion is of staking them, then only it will give you profit without selling them but the staking should be in that way that id is trusted completely otherwise you will lose it.
Well said, staking is the only way to take profit without selling off the bitcoin used as capital, in staking the actual amount of bitcoin remains safe depending on the platform used for staking while the outcome or profit it gives can be taken out, by the way the amount of bitcoin used as capital won't be shortened no matter the high bitcoin becomes, the staking rewards can be sold and still yet the capital remains solid.
Yes, I've heard of this method, and as far as I know staking only puts our assets so that we will get passive income which is limited in time according to the regulations applied. it is a kind of deposit in cryptocurrency, because we have to spend a set amount of time to be able to withdraw our assets, moreover the op is planning not to take the assets

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