Interest on Bitcoin

[blockrevs]

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!

[Charles-Tim]

Wondering how many of you earn interest on your Bitcoin?

I do not think this is necessary, it is obvious with increase in bitcoin price.

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

Who owns the seed phrase or the private key owns the bitcoin, it is not risky if you think bitcoin network can fail, never think of that because bitcoin network is stronger than anything you can compare it with. What you should be careful about are hackers and scammers generally.

[DeathAngel]

Too much of a risk, no way will I ever give up ownership of my keys to anybody else. Besides simply HODLING your own bitcoin over 5-10 years will give you way, way more money than any shady interest a company will lay you.

Don’t do it.

[o48o]

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!

As risky as just keeping it in an exchange. Personally i trust only few of them and those are not even on the list. The ones i trust don't offer any interest for my holdings. But they are well regulated and trusted among the community. For some reason i am getting scammy vibes from anything that offers interest to btc.

[coupable]

Every investment has a certain level of risk. As time goes by, Bitcoin proves to be a safe investment since its 2010. And for those who generate many bitcoins through first Blocks, what risk they would get by holding those bitcoins for any period time as al of them got profit whatever the time he sold. And at first time he only used his computer cpu, means no investment was made then he shouldn't talk about risk.
Time changes and block reward becomes less, but it's still not that difficult to calculate the benefit over medium and short terms.
For those who bought bitcoin as investment, i guess some of them maybe lost a part of his initial capital if he sold during the Bear market .

This graph is showing the yearly avarage return of #Bitcoin
Source: https://twitter.com/drchopperX/status/1448629376539578368

The chart can be read in reverse, which is that everyone has made profits, except for those who bought in 2013 and sold in 2014, and those who bought in 2017 and sold in 2018.
Keep hodling your coins earns and only sell when you make profits.

Except for that, in all cases, profits were made.

[passwordnow]

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!

I don't earn interest on my bitcoin and only relying to the mark up through the price increase. That's already good for me and I don't have to agree with any platform's condition upon depositing my bitcoin on them if I want to earn interest.
I'm free if I hold it and there's no need to agree with any of condition because I'm just a plain holder and the interest/profit that I get is whenever we're on the bull run.

[GeorgeJohn]

Wondering how many of you earn interest on your Bitcoin?

Many people have interest on bitcoin, but what actually initiates the interest of bitcoin is the price, from my perspective whenever the price is getting accelerated the more investment idealogy is coming up, and is very obvious that they will like to invest in a genuine platform in order to earn more.

[btc_angela]

Wondering how many of you earn interest on your Bitcoin?

Interest? You mean profit by just holding bitcoin? For sure there are a lot of members who have that mentally.

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

Why would it be risky when you have total control of your bitcoin because you have the private key? It's going to be risky if you don't know how to protect it. That's why everyone here practice safe and security hygiene and that is a must.

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!

Sorry I haven't heard of those platforms.

[cr1776]

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!

Yes, it is risky.  You don't own the coins then and are subject to the potential theft of your coins by the person paying the interest, the confiscation of the coins by a government where they are based, or any number of other risks.

I've never heard of the ones you mentioned.  For a few percent, the risk isn't worth it. 

Now if any of them offered an insured product with a policy from a well known insurer (e.g. Lloyd's) then it might change the calculation.

[Upgrade00]

One way to earn interest on your Bitcoins is by buying more bitcoins. Once you get your first stash, you'll want to get more and increase your total holdings, this gives you an interest anytime you make a purchase, bonus is you DCA.

[dupee419]

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!

Nothing's not risky when it comes to crypto.

Well, I simply earn more or gain profit through the process of HODLing, whether it be long or short-term, although investing seems like a good idea but it takes time to actually find a worthy investment, so I just passively wait, Nexo on the other hand provides up to 12% interest, seems like a good idea to try that out, though there might be other better investments.

[glendall]

how much bitcoin interest can I get optimally just by buying as much bitcoin as I can afford, and targeting what the selling value is when we want to make a profit
for example, i buy bitcoin at 45k$ and i sell it back at 90k$ automatically i get 100% profit
here without having to sacrifice our assets to other people, just hold on with our egos when panic sells when prices start to fall before the bitcoin selling value we expect

[GeorgeJohn]

Too much of a risk, no way will I ever give up ownership of my keys to anybody else.

From my own perspective i think anyone who handles over he or her private Key's to another person, maybe both of them are compatible, because their is every tendency that if someone mistakenly handle bitcoin wallet keys to another person in order to secure it for long time investment or period, something mysterious can as well happen to the coin weather lost or miss from the wallet, that is the reason a private key will not be share with anyone for a security purposes.

[electronicash]

earning without doing anything is pretty attractive. however not your key not your coins as we know. those platforms knew they couldn't make everyone put their money and trust in them so they use the trusted influencers to make it for them. and more importantly, they promise interest that some investors will not resist. non-traders will like what they offer but they do have options as well in the decentralized platform like the defi platform.

[Blawpaw]

I have been stacking some bitcoin for quite a while now. I'm using Kraken as it is a licenced exchange, however, the interest is pretty slim. You can "stake" bitcoin at Kraken with a +0.25% yearly income. Thing is, not your keys, not your coins. Even though Kraken is a trusted exchange, I'm thinking it is not worth the risk. Of course, I could go for other options which offer pretty good interests rates, however, the bigger the interest, the bigger the risk. You can also wrap your bitcoin and put it into DeFi options, but has said the bigger the reward the bigger the risk

[sheenshane]

Wondering how many of you earn interest on your Bitcoin?

How many?  So it means you talk about possible profit that you could earn by increasing the value?
Because holding Bitcoin it will not grow its amount, it's grown on the value.  If you have 1 Bitcoin while holding, it will remain 1 Bitcoin.
But if you mean how many people have the interest to have Bitcoin, as much Bitcoin is valuable people wanted to have it like a valuable asset.

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

No, because I know how to store it safely.  Bitcoin is vulnerable to hack but if you know how to keep it safe and store it in a safe wallet, you're totally safe, and yes, not your keys not your coins policy here.  You should be knowledgeable enough about how to use and how to keep it safe.

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

Not familiar with aside from Nexo, are you shilling all of these?

[oktana]

There are some people who store their BTC with platforms that gives them interest for doing so. However, I don't buy the idea because they always have access to your BTC and can at any time of the contract take your funds. Simply hold and speculate for a pump. Don't centralize what has been decentralized in the process of earning more, because, no decentralized platform (exchange or whatever) will give you anything, it's always the centralized ones(who can run).

[Rajamuda]

Wondering how many of you earn interest on your Bitcoin?

Many people have interest on bitcoin, but what actually initiates the interest of bitcoin is the price, from my perspective whenever the price is getting accelerated the more investment idealogy is coming up, and is very obvious that they will like to invest in a genuine platform in order to earn more.

And because of the price too... Bitcoin is becoming more recognizable among many people from different countries until its popularity is increasing for doing certain things. Of course because the price is getting higher... people will be more inclined to think that this is a good opportunity in terms of investing, and day by day situations and circumstances in the world like to support the existence of Bitcoin in human life. And because of its advantages... Bitcoin managed to reach such a high price, this has clearly proven to be attracting interest.

[Wexnident]

Might as well just use something else instead of giving out my Bitcoin for interest tbh. I just let my Bitcoin sit there in all its glory, it's price increasing year by year is more than enough for me tbh, it's not really worth it to risk letting it sit with another party just for a measly interest. Though I guess some people are interested in lending it to others though, it is still a type of business and profit-making I guess. Just doesn't bode well for me, especially for the party that does the lending imo.

[TheUltraElite]

Wondering how many of you earn interest on your Bitcoin?

I dont have interest in "interest" outside banks fiat deposits. Bitcoin needs more care and conscious investments. I dont, so to speak.

However I did take part in a gambling site bankroll investment - where you invest money into the bankroll of a casino and you get returns by adding to the house on a monthly basis. The site that allowed such investments did stop this feature a few years ago.

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

Like I said, that gambling site is well known and the owner is on this forum active for several years and paying its campaign users. So I trust them. But for the newly launched projects that act "like banks" I dont really trust them that much.

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

I have heard of all of them. But I never feel secure with giving my coins to a third party. I would rather be the only one guarding them. At least then if they get stolen I would know that I made something insecure.

Hacks are very common in exchanges and that is only the tip of the iceberg of the real problem of crypto related thefts.