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Author Topic: Bitcoin - Is HODL the only strategy?  (Read 675 times)
95Bolu (OP)
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December 05, 2021, 06:17:05 PM
 #1

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
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December 05, 2021, 06:30:31 PM
 #2

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing.
If you are primarily interested in the long return, then hodling bitcoin is your best bet and would potentially bring you more profit than staking assets which are built on the PoS model. Not to shot on proof of stake, but one of the main reasons bitcoin actually increases in value is due to the controlled and reducing supply and how no one holds more stake on the network.

Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
There are third party services that you can technically stake your bitcoins with, but as a common rule; Not your keys,Not your coins.

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December 05, 2021, 06:49:50 PM
 #3

The difference between Bitcoin relative to the other cryptos is yet more apparent from the context of long-term value extraction by way of a yield. Unlike, alts where DeFi plays a major role in the utility of tokens for financial benefits, staking and what not...

Having said that, the long term holding of Bitcoin should in itself be a rather nice reward. However, while there are no staking per se there are place where you can earn passively on your Bitcoin holdings. Several exchanges provide this ie. Binance as well as institutions that deal with digital assets i.e. Nexo
So there are options it is a matter of choosing your risk level
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December 05, 2021, 07:14:48 PM
 #4

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing.
If you are primarily interested in the long return, then hodling bitcoin is your best bet and would potentially bring you more profit than staking assets which are built on the PoS model. Not to shot on proof of stake, but one of the main reasons bitcoin actually increases in value is due to the controlled and reducing supply and how no one holds more stake on the network.

Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
There are third party services that you can technically stake your bitcoins with, but as a common rule; Not your keys,Not your coins.
While I get your point of view, there are times like this that I regret not being active in trading. For instance, I could have sold my BTC at ATH, a few weeks ago, and now I could have obtained a significant amount of BTC, by purchasing, using the exact same amount of money. It's called short-trading, while at the same time, I would continue holding.

On the other hand, there are quite a few things that can go wrong, such as an unexpected price change and so on, however, now I'd definitely have more Bitcoin.

 
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December 05, 2021, 07:27:26 PM
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 #5

I own different crypto and mostly I stake with them because I am interested in the long return.
What kind of cryptos? Proof-of-stake based ones?

With bitcoin I am actually doing nothing.
Holding bitcoins gave the greatest capital appreciation this decade. Now that's definitely not nothing. Just knowing that you keep a so undervalued asset (with 180% annual yield on average) for so long provides the best risk:reward ratio.

I know that I can't stake with bitcoin.
You can either hand out your bitcoins to third parties or run a lightning node with much capacity.

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December 05, 2021, 07:47:10 PM
 #6

I don't know what people do who are always selling and buying bitcoins with relatively short terms but until now I still believe that by holding bitcoins, we can at least be in something that will be good and this is the best decision According to me.
holding it for a longer period of time the better in my opinion because when they are traded in a short time, I actually feel like I'm just wasting time because the profits won't be too big, my current system is about bitcoin, namely adoption (especially when correction) hold and leave a few years, take profits.

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December 05, 2021, 08:17:42 PM
 #7

if you day trade the risk becomes much greater, if you use the strategy of always buying in each fall and selling in each large rise the risk also becomes much greater and in these two cases you will be forced to know how to do technical analysis, then your best option at the moment is to do hodl

I don't know what people do who are always selling and buying bitcoins with relatively short terms

each person uses their own strategy

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December 05, 2021, 08:38:53 PM
 #8

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing.
If you are primarily interested in the long return, then hodling bitcoin is your best bet and would potentially bring you more profit than staking assets which are built on the PoS model. Not to shot on proof of stake, but one of the main reasons bitcoin actually increases in value is due to the controlled and reducing supply and how no one holds more stake on the network.

Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
There are third party services that you can technically stake your bitcoins with, but as a common rule; Not your keys,Not your coins.
While I get your point of view, there are times like this that I regret not being active in trading. For instance, I could have sold my BTC at ATH, a few weeks ago, and now I could have obtained a significant amount of BTC, by purchasing, using the exact same amount of money. It's called short-trading, while at the same time, I would continue holding.

On the other hand, there are quite a few things that can go wrong, such as an unexpected price change and so on, however, now I'd definitely have more Bitcoin.

How much Bitcoin do you have? Oh ya, same as me. Not enough haha Wink. While true you can increase your stack through a short trade, I wouldn't risk more than 10-20% my total position on this type of play. All it takes is one wrong market move and you have a lifetime of COPE and/or buying back higher.

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December 05, 2021, 08:41:09 PM
 #9

There is nothing better than hodling Bitcoin for long-term and don't ever make mistake of liquidating bitcoin holdings into altcoins for staking, I would suggest you to hodl it for atleast two years (assuming you are in for long term and wouldn't be bothered or panicked by ups and downs), then compare the APY earned through staking and profit warned in Bitcoin you will not be disappointed for hodling Bitcoin.
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December 05, 2021, 09:08:15 PM
 #10

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing.
If you are primarily interested in the long return, then hodling bitcoin is your best bet and would potentially bring you more profit than staking assets which are built on the PoS model. Not to shot on proof of stake, but one of the main reasons bitcoin actually increases in value is due to the controlled and reducing supply and how no one holds more stake on the network.

Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
There are third party services that you can technically stake your bitcoins with, but as a common rule; Not your keys,Not your coins.
While I get your point of view, there are times like this that I regret not being active in trading. For instance, I could have sold my BTC at ATH, a few weeks ago, and now I could have obtained a significant amount of BTC, by purchasing, using the exact same amount of money. It's called short-trading, while at the same time, I would continue holding.

On the other hand, there are quite a few things that can go wrong, such as an unexpected price change and so on, however, now I'd definitely have more Bitcoin.

How much Bitcoin do you have? Oh ya, same as me. Not enough haha Wink. While true you can increase your stack through a short trade, I wouldn't risk more than 10-20% my total position on this type of play. All it takes is one wrong market move and you have a lifetime of COPE and/or buying back higher.
Too little to be enough, honestly. However, it has all been acquired from scratch, without putting down any money. It was mostly through signature campaigns and some kind of microtasks I had completed, thus, my only investment is my work/time. I'm not holding a large amount of Bitcoin, it's roughly $1.500, the opportunity and possibilities of short-trade are endless, I honestly regret being away from the trading scene.

The reason I'm away for a long time now is due to the feeling of it being a burden, it drives me anxious and stresses me out, that's why I've opted for holding, without bothering too much about the market condition.

 
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December 05, 2021, 09:30:00 PM
 #11

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing.
If you are primarily interested in the long return, then hodling bitcoin is your best bet and would potentially bring you more profit than staking assets which are built on the PoS model. Not to shot on proof of stake, but one of the main reasons bitcoin actually increases in value is due to the controlled and reducing supply and how no one holds more stake on the network.

Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
There are third party services that you can technically stake your bitcoins with, but as a common rule; Not your keys,Not your coins.
While I get your point of view, there are times like this that I regret not being active in trading. For instance, I could have sold my BTC at ATH, a few weeks ago, and now I could have obtained a significant amount of BTC, by purchasing, using the exact same amount of money. It's called short-trading, while at the same time, I would continue holding.

On the other hand, there are quite a few things that can go wrong, such as an unexpected price change and so on, however, now I'd definitely have more Bitcoin.

How much Bitcoin do you have? Oh ya, same as me. Not enough haha Wink. While true you can increase your stack through a short trade, I wouldn't risk more than 10-20% my total position on this type of play. All it takes is one wrong market move and you have a lifetime of COPE and/or buying back higher.
Too little to be enough, honestly. However, it has all been acquired from scratch, without putting down any money. It was mostly through signature campaigns and some kind of microtasks I had completed, thus, my only investment is my work/time. I'm not holding a large amount of Bitcoin, it's roughly $1.500, the opportunity and possibilities of short-trade are endless, I honestly regret being away from the trading scene.

The reason I'm away for a long time now is due to the feeling of it being a burden, it drives me anxious and stresses me out, that's why I've opted for holding, without bothering too much about the market condition.
the same thing with you I also feel it, and some tokens and bitcoins resulting from being a bounty I have traded in the past to increase the amount of my bitcoin assets but the current decline makes me hold it maybe a long time because my bitcoin is only a small amount and hope to be rich with that amount

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December 05, 2021, 11:15:40 PM
 #12

It's a very big misconception to think that staking or yield farming or whatever other altcoin investment instruments are better than buy and hodl of Bitcoin, because they are doing something over the time. The only thing that matters is performance measured in US dollars, and Bitcoin easily beats any altcoin investment over the course of 2-3 years, because while alts can have their moments of high returns, they will generally stagnate and slowly fall, so unless you are a genius short-term trader, you will be losing money by trying to play the long game with them.
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December 05, 2021, 11:20:02 PM
 #13

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
If you want to stake it, it should be into a specific platform. But the twist, is that you're not holding the keys of it. That's why there's no staking in bitcoin.
And the actual is that you're lending your bitcoin to that platform, most likely it is an exchange and they'll give you a return for doing that. Not that much and not worth of the risk.

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goinmerry
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December 05, 2021, 11:32:30 PM
 #14

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.

The question is, are you really willing to put your bitcoin in something that you didn't own just to target an APR by staking it?

Let alone hold do the thing. The return and potential are much even higher. If ever there's a platform for staking BTC, I don't think it will offer a good return yearly. Let your other coins do the staking and just hold your bitcoin while trying to increase the quantity of it slowly.
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December 05, 2021, 11:33:38 PM
 #15

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
If you want to stake it, it should be into a specific platform. But the twist, is that you're not holding the keys of it. That's why there's no staking in bitcoin.
And the actual is that you're lending your bitcoin to that platform, most likely it is an exchange and they'll give you a return for doing that. Not that much and not worth of the risk.
That's the difference if you're holding your Bitcoin and staking on it on a good platform exchange, speaking of a good exchange that can be trusted to hold your asset might be hard to choose right now.  Because you will never know when they will become shut down or there is a hack that will happen.

Ain't against staking even though you're not holding your private key but of course, don't put all your eggs there.  It should be the majority of your assets you have control over your private key and the rest is that you can afford to lose.

However, there's no one beat on holding, it gives a guarantee when it comes to the security of your assets.

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December 05, 2021, 11:34:09 PM
 #16

You can actually do Bitcoin with several strategies. But the most effective strategy and generate large profits is to hold. Indeed, holding it takes a long time so you have to control your emotions well. But that doesn't mean it takes a long time so you don't check the market condition regularly, you just have to keep an eye on market developments. Hold is not the wrong decision, this can actually benefit you but it just takes time.
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December 06, 2021, 12:09:42 AM
 #17

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
There are other blockchain networks that offer yield farming or staking.
There are some platforms that offer wrapped Bitcoin pairs. How to wrapped your Bitcoin? Well, there are multiple bridging platforms these days in which your particular cryptocurrency in the specific network is being bridged to another ecosystem/blockchain network, this is like pegged asset from another blockchain network.

I saw some wrapped Bitcoin yield farming or liquidity pools in Solana ecosystem, check Saber/Orca/Raydium. So that time you are earning some interest, but then again it is not 100% safe or guaranteed profits because you need to consider Impermanent Loss or maybe the platform itself can be hack.

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December 06, 2021, 12:21:49 AM
 #18

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.
If you want to stake it, it should be into a specific platform. But the twist, is that you're not holding the keys of it. That's why there's no staking in bitcoin.
And the actual is that you're lending your bitcoin to that platform, most likely it is an exchange and they'll give you a return for doing that. Not that much and not worth of the risk.
With Bitcoin there is no staking access. As mentioned the risk we take through lending is big. There are very limited trusted platforms that give better rate of interest. Rather than lending one can try regular trading, which could get better profit and the bitcoin will be with us.

Many cryptocurrency network provide access for keeping the market circulation. Bitcoin have got this without any such act, which is also a reason why bitcoin doesn't have the staking access.

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December 06, 2021, 01:21:03 AM
 #19

You can actually do Bitcoin with several strategies. But the most effective strategy and generate large profits is to hold. Indeed, holding it takes a long time so you have to control your emotions well. But that doesn't mean it takes a long time so you don't check the market condition regularly, you just have to keep an eye on market developments. Hold is not the wrong decision, this can actually benefit you but it just takes time.

Yes, you have a point, and the reality is that many people are doing this and also advising others to do so, such as newcomers who are told to buy a bitcoin and hold it for a few years, which is extremely profitable. There are numerous ways to earn bitcoin through trading, but it is extremely risky and requires time and effort to learn. Additionally, staking, which is simply purchasing an altcoin with bitcoin and staking it to your prospect coin. However, if forced to choose one, I believe I would choose trading because I can truly say I am accountable and in control of my money.
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December 06, 2021, 02:26:08 AM
 #20

I own different crypto and mostly I stake with them because I am interested in the long return. With bitcoin I am actually doing nothing. Can you suggest any strategies to make even a little APR? I know that I can't stake with bitcoin.

It's either you become a short day trader, or a holder, or shift your bitcoin to alt coin and then move it back once you make profits.

But as bitcoin enthusiast, most of the times we don't want to complicated things. Sure we can make profits by trading, but in the end in will take a lot of our time and we might be pressured and make some mistakes along the way and of course there is a big risk.

So I guess the best thing to do is just simply hold for years and see your profit grows overtime.

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