To Hodl or Lend: What is your take?

[South Park]

One of the major reasons why bitcoin Enthusiasts hold bitcoin is in anticipation of a price increase that would increase the value of their asset. However, holding your bitcoin requires a patience mixed with strong will. It is the patience to be patient for a long period of time until the price makes a 10%, 20% and so on increase. Strong will not to use it to solve some immediate problem and risk a reduction in your asset. Consequently, not everyone one can wait that is why some decide to learn bitcoin trading so that they can make some quick profit that would also increase their asset holding. Some other become bitcoin lenders. Yes, they use either a centralized or decentralized platform to lend their bitcoin which would be repaid with interest. What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

Lending has always been a very risky activity, which is why banks put forward so many conditions before giving you any money and why a great deal of the world population has no access to loans at all, so this immediately makes me to discard lending on my mind, now I do not know how to trade and it took me a great deal of time to learn how to do it, but when I consider all the effort I need to do, I prefer to simply hold my coins and obtain profits with almost no effort on my part.

[kojektea]

it depends on how your style of investing. if I'd rather take some to make a profit if it's profitable, but if not I'll try to be patient with the hold. but if it is profitable, I will not immediately take all the profits, but gradually so that I can feel how the peak of the bull trend at that time was. next, I think my bitcoins are not enough to invest because there are still lots of profitable coins to invest.

[Hamza2424]

Holding is a more precise decision in my view because while you are holding it gives you a broader domain to play, Simply holding all the time is not a good habit in my view just plays with your mind a specific amount and sell it in the market boom and rebuy whenever you get the healthy correction or average cheap prices. it will benefit you in two means one your value is increasing from time to time and secondly with that value if you are again investing then your total amount of the asset is increasing gradually. It clearly means greater profits and returns.

On lending, I have some strong observations it puts an extra load mentally. Most of the people who are involved in the signature campaigns are also involved in the Lending as well from most of the people I mean the regular ones who have at least some open lending positions active all the time.

[livingfree]

What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

It's a business just like any other business that has risk. The risk there is that they might not be able to get paid by the borrower and we've seen that happen for so many of the lenders. I have this in my mind but I guess this isn't the line of business for me.

If I've got a lot of funds and spare moeny that's sufficient to start a lending business, why not? But as of now, it's a no for me.

In real life, it's not that I've lent bitcoin but cash and then many of those people that made themselves look pitiful upon borrowing didn't paid me back so, I've got that experience already and that's why not for now.

[Kelvinid]

Lending has always been a very risky activity, which is why banks put forward so many conditions before giving you any money and why a great deal of the world population has no access to loans at all, so this immediately makes me to discard lending on my mind, now I do not know how to trade and it took me a great deal of time to learn how to do it, but when I consider all the effort I need to do, I prefer to simply hold my coins and obtain profits with almost no effort on my part.

And it was hard to trust people online which makes crypto lending more risky than what the banks or any offline lending institution does. That is why only a few people doing this as they can't carry the risk. If I have to find a way of growing my money, I shouldn't do that as well, I'd rather just use my funds for investing potential assets and hold them waiting for the right moment to sell as it was safe at least compared to let people borrowed it and possibly lose them.

[Fatunad]

One of the major reasons why bitcoin Enthusiasts hold bitcoin is in anticipation of a price increase that would increase the value of their asset. However, holding your bitcoin requires a patience mixed with strong will. It is the patience to be patient for a long period of time until the price makes a 10%, 20% and so on increase. Strong will not to use it to solve some immediate problem and risk a reduction in your asset. Consequently, not everyone one can wait that is why some decide to learn bitcoin trading so that they can make some quick profit that would also increase their asset holding. Some other become bitcoin lenders. Yes, they use either a centralized or decentralized platform to lend their bitcoin which would be repaid with interest. What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

If you are trying out to become a lendor or someone who do run a lending business then risks would be always there, there's no such business that there's no risks but i would
say that on this one is pretty high and this is why you would really be setting up those terms on having that collateral which would really be lessening out the risks of huge loss
in case if a certain loan isnt get paid or had defaulted. Surprisingly there are lendors out of this forum does offer that no-collateral loans but of course the qualifications isnt
something that you could really be able to get in.

If you do want or like to be on the safer side of things then you would really be preferring on holding your coins in long term, but its true that there are people who arent that patient
enough on waiting for years just to have that 10-20% kind of increase of their investment and much preferred on getting more. This is why they do really end up on these kind of
options on which i couldnt blame them because if we do really make out calculations then it is really that true that you could really earn more if you do make out such
investment or business decisions connecting to it.

[Nwada001]

There are people who are not strong decision-keepers, especially when it comes to holding on to and depriving themselves of things that are not necessary but are pleasurable. I'm one of those. Since I know I can't have Bitcoin in my wallet, I have full control over it with the mindset that I can still replace it. If I see something that I actually want to buy, I will refuse to buy it.

Aside from my own Bitcoin, which I gifted myself as a birthday gift, and a few others that I bought on different occasions specifically for holding, I actually find it difficult to save my earned Bitcoin. I learned most of them out. I prefer lending them out knowing that I have them someplace, but I can't actually reach them when I just want to until the due date. Lending out my Bitcoin hodlings actually helps me to save them more, and sometimes it gives me a little interest too from the person who I lend it to. I feel so free with this because it's less of a risk to me since I know who I'm lending them out to, up to his door step, and if anything goes sideways, I can always walk up to the person and demand my Bitcoin back or I take off the collateral as per agreement.

[Bushdark]

it depends on how your style of investing. if I'd rather take some to make a profit if it's profitable, but if not I'll try to be patient with the hold. but if it is profitable, I will not immediately take all the profits, but gradually so that I can feel how the peak of the bull trend at that time was. next, I think my bitcoins are not enough to invest because there are still lots of profitable coins to invest.

That is how to be profitable in the market, we need to ensure that we take some profits from our trading account before we continue trading. It is very important for us to know when we are ought to leave the market than to keep trading and lose all our profits that we might have used to settle some bills and do some important things. Those who know how to trade and have the experience would never have to keep trading without having rsok management journal at place to guide them how they could trade and earn some good profits from the market without much contemplating.

[Mr.right85]

Well, the first thing is to know your trade.

You can't rush into lending when you've got no idea on how it works. I've seen quite a few Legendary members on the forum offering lending services and though I've never been in the position to take crypto loans and hope not, I am sure they take a lot into consideration like, determining the value of the account, credit score and the known wallet of the user forum wise.
These are some criterias as I sense it possible.

Even with these, am not sure it's a service I'll like to offer. I don't even have that much to give away and not very sure how the services works but, I find if very risky especially due to the nature of cryptocurrencies.

[Yatsan]

One of the major reasons why bitcoin Enthusiasts hold bitcoin is in anticipation of a price increase that would increase the value of their asset. However, holding your bitcoin requires a patience mixed with strong will. It is the patience to be patient for a long period of time until the price makes a 10%, 20% and so on increase. Strong will not to use it to solve some immediate problem and risk a reduction in your asset. Consequently, not everyone one can wait that is why some decide to learn bitcoin trading so that they can make some quick profit that would also increase their asset holding. Some other become bitcoin lenders. Yes, they use either a centralized or decentralized platform to lend their bitcoin which would be repaid with interest. What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

Eitherway is good but depends on what type of an investor you are. Problem with lending your bitcoin is whether it would really be trustworthy or not. It will always give you worries of not being paid, right? 'coz anything could happen. Unlike with just investing and holding wherein no other person or company would be able to make use of your asset and even if it would require you to hold for a long period of time. So maybe, to determine which would be a better way to earn profit, depends on risk tolerance of the investor. Everything has its own risk and as an investor your task is to minimize it as much as possible.

[AmoreJaz]

Well, the first thing is to know your trade.

You can't rush into lending when you've got no idea on how it works. I've seen quite a few Legendary members on the forum offering lending services and though I've never been in the position to take crypto loans and hope not, I am sure they take a lot into consideration like, determining the value of the account, credit score and the known wallet of the user forum wise.
These are some criterias as I sense it possible.

Even with these, am not sure it's a service I'll like to offer. I don't even have that much to give away and not very sure how the services works but, I find if very risky especially due to the nature of cryptocurrencies.

besides, it is hard to trust nowadays. here in the forum, we all know that lenders always check the background of the borrower first before they send. even higher rank members have been rejected depending on their track record. also, better hodl, less headache and you know very well, you still have your funds in case you need it.

[Uruhara]

What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

I don't know what to think in the future. but for now I feel it's too risky. i prefer to avoid it.

And about being Hodl I don't think it's just about patience. But it also depends on what funds we use to invest in these bitcoins for the long term. If we only use the leftover money every month after we have finished meeting all our life needs and it is money that we really don't need in the near future. then in a situation where money is used like this, someone will be calmer in investing it in bitcoin.

And this is also about our confidence in what we have assessed and analyzed from the potential of bitcoin itself. if we believe bitcoin has a good future. then there is no reason for us to worry about our assets shrinking just because the market is bearish. because we are sure that one day in the longer term eventually bitcoin will give us big profits. financial strength, patience and mentality and trust. that's what we need.

[BitSwapNow]

Most lending platforms require the user to hold said funds to cover those losses anyway. Now locking up funds on any exchange or platform has its inherent risks especially as of lately with FTX and other fallouts. I would look to defi or decentralized staking ect.

[serjent05]

What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

I am neutral when it comes to Bitcoin lending since I am a person who doesn't want to take advantage of other people's needs, I might not try a lending service because it is too risky for me since I won't be putting any interest if someone borrowed or loan money from me.

Lending money risk can be mitigated by asking for collateral, in case the borrower defaults, the lender will have access to an asset that can cover some if not all the loans defaulted by the borrower.

[Lanatsa]

Most lending platforms require the user to hold said funds to cover those losses anyway. Now locking up funds on any exchange or platform has its inherent risks especially as of lately with FTX and other fallouts. I would look to defi or decentralized staking ect.

When taking up some loan on some exchangers on which it is really that common that they would really be asking some coins which does have that 120% more of value of the possible loan amount
on which you couldnt really even assure the safety of those coins for long time or depending on the terms of the repayment that you have chosen. About the risks then its risky on lending someone
randomly on the internet.

It would really be just that right that you would really be asking for some collateral as long it does have value or something valid which is mostly be talking with some top altcoins or simply Bitcoin
on which you could really be able to make deal with. When running a lending business then you would really be needing to take risks if you cant really afford or having no patience on
waiting up for too long before you could gain up 100%. This could be possible on lending but the risks is more than or compared when you do make hold  on.

[AicecreaME]

Lending only gave me trauma even in real life, so I'd rather hodl my Bitcoin than to lend it to someone online that I didn't even know personally which makes it more risky. I think it's good if they always pays back on time, but it'll just gives you stress and frustration if they are not even paying you back. Hodling is much more better since you're at ease knowing that your money is just there, waiting for the bull run and make a lot of profits by patiently waiting.

[BitSwapNow]

Yea you can never go wrong with holding. Buying on a weekly or monthly time-frame is always great or buying big dips too.

[lienfaye]

What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

It is too risky because there's always a possibility that you'll not be repaid to the loan you've given. Lending is solely for people who are willing to take the risk and aware of the consequences if ever the borrower didn't pay. I experienced to be a lender (though it's fiat) many times and got disappointed because some people are never true to their words. So if you can't bear losing your money then lending is not for you.

Due to this I will chose to just hold my Bitcoin rather than to lend it to increase my holdings. Because it's less stress on my part incase worst thing happened. So I think it depends for each of us. But if you want to be a lender it's wise to ask for a valid collateral so you have assurance.

[LogitechMouse]

One of the major reasons why bitcoin Enthusiasts hold bitcoin is in anticipation of a price increase that would increase the value of their asset. However, holding your bitcoin requires a patience mixed with strong will. It is the patience to be patient for a long period of time until the price makes a 10%, 20% and so on increase.

It's a win-win situation.
You will learn how to be patient, and being patient can be applied in all aspects of life. At the same time, while learning it, you have the potential to earn more thru just holding Bitcoins. On the other hand though, 10-20% increase only happens when the bull run starts, and in a normal day, that doesn't happen.

Consequently, not everyone one can wait that is why some decide to learn bitcoin trading so that they can make some quick profit that would also increase their asset holding.

When I'm very impatient, I tried trading way back a few years ago. Ending is I lost all of my Bitcoin.

Some other become bitcoin lenders. Yes, they use either a centralized or decentralized platform to lend their bitcoin which would be repaid with interest. What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

Too risky, and I will not try it at all.
I don't know, but is there any centralized platform that offers P2P lending? I mean there are some DEX'es out there who have lending feature like AAVE, COMPOUND etc.

I tried lending out Bitcoin to users here already, but one loan default made me a decision not to do it anymore. Yes it wasn't either CEX or DEX, but lending in general isn't worth it for me compare to just holding it, and hoping for the bull run to happen again. Another risk is the collateral that the borrower gives. What if the price of the collateral goes down? You can't force the borrower to pay the Bitcoin as well, so you will lose your money.

Well, I guess if anybody here really wants to lend their money then I guess using DEX'es would be the best choice.

[xSkylarx]

Lending is too risky because there are really instances where you won't get paid back, and now your bitcoin is gone. I haven't tried this bitcoin lending either. I don't see any problem with why holding is difficult for some because you are just holding it. I think the problem with this really is the owner of it, who is too greedy and not patient enough to wait for the price increase because they always want to earn profit overnight. I do prefer holding or trading bitcoin to lending, as I am held accountable for it, unlike lending, over which I have no control.