bitcoinsc (OP)
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August 21, 2021, 09:59:13 PM Last edit: August 21, 2021, 10:30:08 PM by bitcoinsc |
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So not only is btc a good store of value u can earn interest on your bitcoin holdings. I'm holding btc and eth and gaining daily interest 3.8% apr on the exchange. Hotbit.io I am also doing defi farming on these holdings. So Additional gains about 9% apr. Let's say I'm holding 500k usd of btc n eth I will earn about 17k$ interest a year. There is risk involve at how exchanges can exit scam or hack exchanges.
But it is truly amazing to be gaining interest nowadays. When I first started 3 yrs ago there was none of this interest or defi farming.
I can start early gaining small income earnings rather then buying a house for 1 mil in cali and renting it out for 36k a yr minus property taxes to about 24k a yr.
I'm sure this crypto asset will be a golden age. Instead of finding money by holding land. U can find money by holding btc n eth through interest. Just my opinion.
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Ethereum and Uniswap.
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TimeTeller
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August 21, 2021, 11:32:07 PM |
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I am not discouraging you to hold long term in hotbit, but be very careful investing in exchanges. My confidence in terms of earning interest via savings is on binance only, even if they have relatively low APR. Remember, once the exchange is attacked or something, would be hard to get your money back. But with binance, if anything happens, they have insurance called SAFU to protect their customers.
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bitcoinsc (OP)
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August 22, 2021, 01:04:00 AM |
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For binance.us I have to farm yields and for hotbit.io I just leave my coins. Btc n eth. on the exchange. I don't have to do anything and it automatically give me interest. Well yeh I am actually farming yields on binance coin too. I bought in around 350$. And the yield I'm gaining is 17% apr because no one is yielding it.
Yields and interest on crypto asset man. Not much info on YouTube by the big names but its real! Like staking and earning passive income.. Imagine 500k usdt in btc n eth to gain 17k usdt yearly!!. New found wealth. Buying a new bmw is not going to give u passive income. Different mindset now.
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Ethereum and Uniswap.
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suzanne5223
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August 22, 2021, 01:45:25 AM |
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So not only is btc a good store of value u can earn interest on your bitcoin holdings. I'm holding btc and eth and gaining daily interest 3.8% apr on the exchange. Hotbit.io I am also doing defi farming on these holdings. So Additional gains about 9% apr.
The exchange in the subject is not the only crypto site that offers a dividend to those who stake or invest certain supported crypto for this feature but I want you to know that they are doing this to encourage you, so you can keep your holding in their platform instead of your personal wallet and if you examine deep about the approach, nothing makes them different from a traditional bank.
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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Jercyhora2
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August 22, 2021, 02:20:41 AM |
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So not only is btc a good store of value u can earn interest on your bitcoin holdings. I'm holding btc and eth and gaining daily interest 3.8% apr on the exchange. Hotbit.io I am also doing defi farming on these holdings. So Additional gains about 9% apr. Let's say I'm holding 500k usd of btc n eth I will earn about 17k$ interest a year. There is risk involve at how exchanges can exit scam or hack exchanges.
But it is truly amazing to be gaining interest nowadays. When I first started 3 yrs ago there was none of this interest or defi farming.
I can start early gaining small income earnings rather then buying a house for 1 mil in cali and renting it out for 36k a yr minus property taxes to about 24k a yr.
I'm sure this crypto asset will be a golden age. Instead of finding money by holding land. U can find money by holding btc n eth through interest. Just my opinion.
The idea of staking is very good, just like you, I also save coins for staking. But I do not put on any kind of exchanges or any platform because we do not hold the private keys of the assets that are deposited there. Right now my asset is hidden and staked in a Defi under Comos Atom. Right now ATOM has a 9.45% APR which is much greater than our country’s inflation rate. You are right, in today's era, it is no longer advisable to keep money in the bank. Most of the banks here with us only provide no more than 5% APR. That is why the banks will only eat what we thought we could save but the truth is it only goes to the high inflation rate of the country. The people who replied to OP were also right, It is also not a good idea to save on exchanges because they are prone to any attack. So it's better to just put it on the Defi platforms where you still hold your assets and you can even use the compounding method that can speed up the accumulation, because there is something called "reinvest".
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so98nn
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August 22, 2021, 05:13:53 PM |
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So not only is btc a good store of value u can earn interest on your bitcoin holdings. I'm holding btc and eth and gaining daily interest 3.8% apr on the exchange. Hotbit.io I am also doing defi farming on these holdings. So Additional gains about 9% apr.
The exchange in the subject is not the only crypto site that offers a dividend to those who stake or invest certain supported crypto for this feature but I want you to know that they are doing this to encourage you, so you can keep your holding in their platform instead of your personal wallet and if you examine deep about the approach, nothing makes them different from a traditional bank. Yeah, that's interesting one. They are indirectly telling us to hold the money in their wallets so that the demand would be created for those coins and thus they will have less supply eventually and more demand with increase in the prices as a result. The price, as such depends on various factors but demand is something that drives the peeps holding or investing that coin. DeFi projects got sudden attention when they first came out in the market as an alternate investment to the traditional holding of btc's or other coins. That's one of the reason they are taking amazing course in the field of crypto. I am very much trusting the holding strategy these days after gaining good experience at FUN token savings program. The token locking period and investors is huge and thus prices are also rising very fast. So yeah there is good relation between all these strategic holding plans made by different exchangers and wallet owners. Only thing is we should study the project before investing heavily. 500k is big amount!
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electronicash
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August 22, 2021, 05:27:44 PM |
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defi is the future they say. but don't put all your trust to exchange, there had been many instances that they are hacked or some had even shut down and for $500k to be stored there is a major setback when all you did was sold your properties in exchange for this big holding you have. just try doing it on your own wallet.
32 eth as fast as i know is what is needed for staking ETH. i'd not be sleeping comfortably with $500k at risk that is not in my own wallet with the private key with me.
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anu1908
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August 22, 2021, 08:16:46 PM |
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i don't think you can count exchange as part of the defi ecosystem, unless you mean dex. i mean, cex is by nature centralized. there is no 'defi' about it. it's similar to forex trading, just that you trade crypto instead of stocks and the others.
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DooMAD
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August 22, 2021, 08:53:48 PM |
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Just keep in mind that safety isn't assured. Treat it like you would any other form of gambling. Play for too long and you're going to lose eventually. Usual ' not your keys, not your coins' warning and such. defi is the future they say.
I'm sure " they" were the same ones who said ICOs were the future. And from what I've seen, most of the stuff they're calling "defi" is just more of the same crap as ICOs. I'm going to go out on a limb and assume it's not real defi if you're earning any interest. To generate interest requires either a debt-based currency, a legitimate business model to fund it (in which case there's almost certainly a centralised element), or it's simply just a ponzi scheme.
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nelson4lov
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August 22, 2021, 09:06:59 PM |
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I am not discouraging you to hold long term in hotbit, but be very careful investing in exchanges. My confidence in terms of earning interest via savings is on binance only, even if they have relatively low APR. Remember, once the exchange is attacked or something, would be hard to get your money back. But with binance, if anything happens, they have insurance called SAFU to protect their customers.
Even Binance is no longer a safe haven these days. They used to be. They've now followed a similar path that Bittrex used that drove away their customers in 2017. Right now on binance: - You can't access any of their services (spot trades, futures, p2p, etc) unless you KYC. - Too centric on KYC and regulations these days. - Won't hesitate to lock or release account details when requested by authorities. That said, I'm considering moving the reminder of my funds for defi but from my own personal wallet rather than a custodial service or platform.
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Jercyhora2
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August 22, 2021, 11:32:06 PM |
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i don't think you can count exchange as part of the defi ecosystem, unless you mean dex. i mean, cex is by nature centralized. there is no 'defi' about it. it's similar to forex trading, just that you trade crypto instead of stocks and the others.
That’s right, I can’t quite imagine binance exchanges being decentralized. We know we don't hold the keys to our wallet there. So whatever hack takes place, there is a high probability that the money of all who stakes o trade will be affected. Dex or Dapp, on the other hand, are the ones referred to as decentralized when it comes to exchanges that require us to import our wallet.
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pooya87
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August 23, 2021, 05:32:54 AM |
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You seem to have been living under a rock and haven't heard that every couple of months we see a massive exchange hack where the hacker steals millions of dollars worth of cryptocurrencies from centralized exchanges. That's is not even the biggest risk, the exchanges run away all the time! On top of that you are also holding shitcoins, which can get dumped at any time and they are. That means any "profit" you have made for months simply evaporates when they dump.
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suzanne5223
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August 24, 2021, 12:03:17 AM |
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So not only is btc a good store of value u can earn interest on your bitcoin holdings. I'm holding btc and eth and gaining daily interest 3.8% apr on the exchange. Hotbit.io I am also doing defi farming on these holdings. So Additional gains about 9% apr.
The exchange in the subject is not the only crypto site that offers a dividend to those who stake or invest certain supported crypto for this feature but I want you to know that they are doing this to encourage you, so you can keep your holding in their platform instead of your personal wallet and if you examine deep about the approach, nothing makes them different from a traditional bank. Yeah, that's interesting one. They are indirectly telling us to hold the money in their wallets so that the demand would be created for those coins and thus they will have less supply eventually and more demand with increase in the prices as a result. They actually encourage holding of crypto on their platform so they can also loan some whales or institution and they sometime use it for an incestment purpose just like the traditional banks does, if not there's no reason for an exchange site to give users passive income although they learn all this through DeFi project but if I want to choose a DeFi project I will go for Sovyrn. I am very much trusting the holding strategy these days after gaining good experience at FUN token savings program. The token locking period and investors is huge and thus prices are also rising very fast.
You guys need to be careful of the so called yield farming token which are using the investors vulnerable to attract investors because they understand that 90% of all crypto investors are after profit.
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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amishmanish
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August 24, 2021, 02:59:42 AM |
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Just keep in mind that safety isn't assured. Treat it like you would any other form of gambling. Play for too long and you're going to lose eventually. Usual 'not your keys, not your coins' warning and such.
About Wrapped BTC earning interest, those are definitely custodial solutions but not exactly like a traditional bank. The bank in case of DeFi is replaced by the blockchain code. Whether those survive or not depends on how robust and secure the code really is. Yet, in DeFi, there will always be a bit of centralization. defi is the future they say.
I'm sure " they" were the same ones who said ICOs were the future. And from what I've seen, most of the stuff they're calling "defi" is just more of the same crap as ICOs. I'm going to go out on a limb and assume it's not real defi if you're earning any interest. To generate interest requires either a debt-based currency, a legitimate business model to fund it (in which case there's almost certainly a centralised element), or it's simply just a ponzi scheme. Its a bit of a stretch to compare ICOs and current DeFi platforms. ICOs never really delivered products. DeFi platforms on the other hand have been providing traditional banking services like market-making, lending, deposits, credit etc for quite some time now. The interest is nothing but the earning from the borrow rate minus the platform fees. Unfortunately, as usual with blockchain, copies of these platforms have proliferated on every chain and everyone opened up a lending platform calling it yield farming. In that case, they really are just ponzis with zero use cases.
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OgNasty
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Leading Crypto Sports Betting & Casino Platform
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August 24, 2021, 05:39:01 AM |
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Grabbing the bottom of CAKE and staking it recently definitely would have yielded a nice return that will likely continue to amaze for quite some time. While those projects are likely to continue the boom bust cycle with their outrageous interest rates via the staking pools, you can't argue with the massive returns they provide when you jump into them at the right times. I can see why they've become so popular. Even their websites are usually full of artwork and games marketed to their user base that provide a great interaction. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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lumierre
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August 24, 2021, 09:34:18 AM |
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So not only is btc a good store of value u can earn interest on your bitcoin holdings. I'm holding btc and eth and gaining daily interest 3.8% apr on the exchange. Hotbit.io I am also doing defi farming on these holdings. So Additional gains about 9% apr. Let's say I'm holding 500k usd of btc n eth I will earn about 17k$ interest a year. There is risk involve at how exchanges can exit scam or hack exchanges.
But it is truly amazing to be gaining interest nowadays. When I first started 3 yrs ago there was none of this interest or defi farming.
I can start early gaining small income earnings rather then buying a house for 1 mil in cali and renting it out for 36k a yr minus property taxes to about 24k a yr.
I'm sure this crypto asset will be a golden age. Instead of finding money by holding land. U can find money by holding btc n eth through interest. Just my opinion.
You had better watch out as 3,6% daily is too much.And the higher potential profit, the higher risks are. I have met different defi-projects where they promise to give more than 20K % a year, but I know that such a project with such APRs can’t exist for long. Even if it is not a scam, APR will decrease within time. I always investigate whitepapers and smart-contracts before investing, to get know about hidden functions.
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CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM
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Koro-Sensei
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August 24, 2021, 04:06:05 PM |
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Why not go to DeFi projects and provide liquidity? It could give you big gains with two digit percentage APY not just 9%. Some are even offering bigger up to 100+% APY with stable coins. Aside from that, Decentralised exchanges also offers lending and borrowing that could potentially add to your income.
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amishmanish
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August 25, 2021, 04:35:17 AM |
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Grabbing the bottom of CAKE and staking it recently definitely would have yielded a nice return that will likely continue to amaze for quite some time. While those projects are likely to continue the boom bust cycle with their outrageous interest rates via the staking pools, you can't argue with the massive returns they provide when you jump into them at the right times. I can see why they've become so popular. Even their websites are usually full of artwork and games marketed to their user base that provide a great interaction. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) LOL. Never thought I'd see some OG talk about CAKE. I don't know about the bottom though. Did you grab one? The outrageous interest rates are definitely a thing and this is simply going to slow down as more and more people enter into the rat-race. Its basically just mercenary capital seeking returns and dumping these tokens on retail. A lot of people manage to jump out at the right moment and get some returns. If you are not one of those people who can constantly keep a tab on all of their twitter, telegrams and be ready to sell the news, you can be in big trouble. Yet, i can see how all of it is worth the pain for someone in a third world country who has made his first thousand crypto-dollars online. Its basically free money which is yours to gamble (or risk). A lot of them do make it big by catching the right projects. I also feel that most of the "investors" in these are the early bitcoiners who have made enough bank to be able to risk that kind of free money. It may not be beneficial or sustainable in the long run but its definitely making people returns. So complaining about it just seems like a bad case of "the grapes are sour". Still, Most of these "projects" are an eye-sore and definite scams and i try to stay away from them as much as i can.
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noorman0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 25, 2021, 11:08:15 AM |
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-snip-
I'm sure this crypto asset will be a golden age. Instead of finding money by holding land. U can find money by holding btc n eth through interest. Just my opinion.
Maybe for you I am quite stupid, but I will accept it if I have to choose the method of making money from the ones you mention because I want to sleep well every night. I would prefer to own land with a clear and legally recognized ownership status and then rent it out to make money. You need legal proceedings to steal it from me, and it doesn't necessarily work. And as I said, Bitcoin does not offer annual/monthly interest. You need to leave it to centralized services which is full of risk. Maybe the interest generated is greater than renting the property, and yeah it is worth the worry you bear everyday.
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This space for rent. Available in mid January 2024 - PM me
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swiftbits
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 25, 2021, 02:59:12 PM |
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I am not discouraging you to hold long term in hotbit, but be very careful investing in exchanges. My confidence in terms of earning interest via savings is on binance only, even if they have relatively low APR. Remember, once the exchange is attacked or something, would be hard to get your money back. But with binance, if anything happens, they have insurance called SAFU to protect their customers.
I visited their socials, and it doesn't look professionally managed, in my opinion. I don't trust most exchanges. Some of them are just used by projects to list their coins to gain attention and a positive reputation, they pay them a considerable amount of funds as payment. It's also alarming how many exchanges were hacked, or they use it as an excuse to hide the fact that they run away with the money.
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