To Hodl or Lend: What is your take?

[Davidvictorson]

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?

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[Zaguru12]

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

It’s is a two way something obviously if everything goes to plan and the debtor doesn’t hang on the money and pays up at the right time then it is good because this time around you will be having a little interest on it and still keeping your coin for the time it took. But the other way is why lending is kinda risky because once the debtor doesn’t pays back it makes you lose your funds. That is why the person been borrowed the money must be a trusted person but even trust can cover for something that is not available.

Although I will say lending might work better I would say having your bitcoin with you might gives you extra freedom to take profit anytime the market might pump up not like the loan that has to payed at a specific time. For example if bitcoin should raise to a certain amount you could just sell of and then buy back after it dumps again, with this you might have earned some profits. But without the bitcoin in your possession you can’t take profit anytime you would like

[Doan9269]

The common goal of either holding or lending out our asset to people is to make money, if you invest by holding, you're more prone to making more money because you will be on the advantage to make more money in addition especially when the market rises in your favour, if you lend someone, there's a little probability that you may not get your money back on time as at when needed or due, you may have the risk of loosing it value due to inflation, but when you invest you're in charge, when you lend out the recipient is in charge

[avikz]

No lending! Only HODL!

I will never lend my hard earned bitcoins to some unknown faces. Bitcoin lending is a very risky business and I have lost a significant amount of money from a platform called BTCJAM if you remember it.

I will only lend bitcoin if it has securities like banking system. Like credit score checking, having some collateral, address and ID verification and so on. Otherwise it's a very easy job for scammers to run away with my money. I will just rather hold it.

[m2017]

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?

I have a negative attitude towards lending, but this doesn't mean that everyone else should adopt the same tactics of avoiding lending. This is just my choice, due to the fact that I consider these risks to be excessively unjustified. In lending, you will have to give bitcoin (or othrt crypto) into the wrong hands. Giving 100% for the sake of possibly getting 10-20%? I don't know anything dumber. I would be willing to risk 10-20% to get 100%, but certainly not vice versa. With a hodl, sooner or later, capital growth will still happen, and this is inevitable. I prefer to go slowly, but only forward. The pursuit of quick profits (lending) promises big trouble and unnecessary risks - all for the sake of relatively small profits. It's not worth it.

[EarnOnVictor]

Too risky, won't try it? Too risky, will give it a try?

There are many investments out there and it's good to try as much as possible you could if you have the money and nerves.

And talking about risk, the risk is in every business and investment, only that the level is higher than each other, and 'the higher your affinity for risk-taking the better for you,' just make it reasonable.

What I do now is to diversify my portfolio, damn the risk, this is because if one fails many others would still be standing for me. Just today, a company offers me 20% ROI if I could leave my money for a full year as they use it. That, I will still do and still does not stop me from investing in anything reasonable that comes my later comes my way.

And specifically about your question, if I were you, I will divide the money into two and continue to invest in both if their promising returns are truly worth it.

[o48o]

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 holding your bitcoin in a centralized exchange that offers lending services and you are planning to hold it for a long time no matter how price fluctuates, i can't see any reason not to lend it. But if you are using it as it was meant to use and have self custodity, you might not want to lend it, at least without collateral as that requires ton of trust and you are putting lots of faith to lenders.

I have mad respect for people in the forum lending money for collateral as those act as an alternative for unethical loan sharks and banking services.

[KiaKia]

If I really want to make money out of anything by lending it out it will not be Bitcoin, I have to use a separate fund to buy Ethereum and stake it or lend it out for some rewards over time, it's true that there is no point holding your coins in your wallet for years when you can make more coins but I just don't like the idea because it's risky.

You can make money fixing your Bitcoin on the Binance exchange, but are you seeing what's going on lately? This is one of the examples that things can go wrong really fast, I will prefer to hold my Bitcoin and use other coins to make yield returns weekly or monthly.

[Velemir Sava]

Hodl means holding onto your Bitcoin for the long term, hoping its value will increase. It requires patience and belief in Bitcoin's potential. Lending Bitcoin lets you earn interest on your holdings but carries risks like borrower default. Choosing between Hodl and lend depends on your goals and tolerance for risk. Hodl is passive, while lending requires active involvement.

I chose Hodl alone but I researched and researched lending platforms, understood their requirements, and assessed their reputation because of the possibility of borrower default, platform vulnerability, and market volatility.

[Fortify]

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?

To me this feels like speculation on top of speculation, or maybe it could be called leverage. However in terms of trading, which you are effectively doing by renting your bitcoin out, then it might help you to get a long term return from this rather stationary asset. However you always have to look for the downsides or negatives in such trades. If you really think that bitcoin has a bright future then (depending on how long you think it will take to achieve) you might not want to set up a contract where someone can take it away from you if it reaches a certain price. That's how these deals tend to work, people have the option to take them from you if it reaches a presently unrealistic price point.

[Mate2237]

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.

To hodle is for bitcoin appreciation and to buy is bitcoin depreciation, these are the two major factors that involve in bitcoin investment. You buy when bitcoin is low and hodle it for a long period of time for bitcoin to increase and you sell it.

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.

Those who not good in managing finance can not hodle bitcoin because if anyone wants to make good profit from bitcoin investment, he or she must be will to keep the coins for a very long period of time. Impatient humans can not invest in bitcoin.

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?

Op everyone cannot wait. So they diversify to other means of investment and make fast money to solve some immediate problems.

[Yamane_Keto]

Lending in general involves a double risk, one of which is the fixed payment term with a guarantee, if you do not pay within the payment term, the guarantee will be liquidated at less than its value, and the second is the interest, which is rising in our current days due to inflation and because of the increase in interest rates.

These risks increase in Bitcoin as the value is very volatile and volatile, and therefore you add another dimension to the factors that currently exist. It is an option that I do not recommend to anyone because you want to borrow in a high-risk investment with slow returns in the short term and the results are not guaranteed in the long term. DCA is the best strategy, it allows you to grow slowly but after a few years you will notice that your assets have increased well.

[vv181]

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?

What kind of platform?

If they are all using non-actual bitcoins, like WBTC or even RBTC, they surely give away all of their bitcoin into somebody else hands. Especially, if they use centralised platforms. There are no returns that are good enough which will make it worth to lends the bitcoins. Bitcoin does not support a flexible smart contract, so any decentralized exchange must be an off-chain platform. We do not know how secure and safe the platforms are, by using them, I'm sure the risk outweigh the returns/interest potentials.

[Cookdata]

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?

To lend out an asset like bitcoin, what is going to be the collateral? I can't lend my Bitcoin just like that to anyone, lending don't have anything to do with one's reputation, there must be a collateralized asset for anyone to give out my Bitcoin to anyone; and for me to giveout bitcoin, I wouldn't take any altcoins for collateral, they are too risky for collateral because they can easily be liquidated when the market becomes too volatile.

However, with what I have seen in the Forum from lenders who give out bitcoin as loan to other members, it's a very profitable venture from the % profits I have seen in their profits, the profits may be little per individual but when combined as a whole, it's worth something big because they are accumulating more merit and when bullrun comes, they will earn from the profits they make too.

[Faisal2202]

However, holding your bitcoin requires a patience mixed with strong will.... What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?

To be very Honest, i am against this lending system where we have to pay interest. I know this system is there from the start but its not moral work or a way for borrowers to take the money and for lenders to earn money on interest. So i will pass that path.

Secondly, you are totally right about patience plus people who are involved in trading but there are other people too. Like me, who are earning BTC by working, those who get paid in BTC in exchange of their services and products. And, if i talk about myself, i never want to withdraw my BTC to fiat even for daily expenses, but still, i have to as it is necessary that's why we are earning money, so what use do they have if we will just save them instead of using them. Even now, i do not want to exit the market but i have to. The point is, holding BTC solely not depends on patience but on the conditions and situations being made for you. If you have left no other choice then you have to sell BTC.

[hannahB4]

It is risky, I haven't thought about doing Bitcoin lending before now but in the future, I might give it a trial for now, I would rather hold my coin and be checking the trends for the increase rather than trade it or lend.

[umbara ardian]

Regarding earning Bitcoin through work and using it for daily expenses, it is a valid point that many people earn Bitcoin as a form of payment or income. While it is ideal to hold Bitcoin and avoid converting it to fiat, sometimes financial circumstances or an urgent need may require them to convert their Bitcoins into fiat. Anyway, everyone's financial situation is different, and sometimes selling Bitcoin becomes a necessary choice based on personal circumstances and needs. The key is striking a balance between holding for the long term and meeting your immediate financial requirements.

[Findingnemo]

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 is highly risky and you may lose all the money that you lend if they default and you can't do anything about it, to make it clear you can visit scam accusation board and find loan defaulter and some of them were highly reputed members of bitcointalk so it's unsecured loan with high interest rate. But it's not really a way to keep your patience level, if you can't hold when the prices are swinging then you need to work on yourself about managing your funds instead of giving it to someone else in the name of lending.

[Bushdark]

It is risky, I haven't thought about doing Bitcoin lending before now but in the future, I might give it a trial for now, I would rather hold my coin and be checking the trends for the increase rather than trade it or lend.

Since the market is not easy to analyze, the choice we have now is keep holding Bitcoin for as long as we are going to earn from it. There are people that might not have the patience to hold for a long time because they might have a plan and needing money to execute the plan. If we keep investing without having reserve where we are take money and use to settle our daily bills, we might be forced to go to our holdings and use part of the money to buy or settle whatever we want to us it to do. It is better for us to hold now and profit later when the market is finally on a bullish trend.

[CryptoHeadlineNews]

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

The only risk that could only be involved in Bitcoin lending is knowing the capacity of the borrower's ability to pay back your loan at when due without giving an excuse. Because to me, I will prefer to lend my Btc out rather than USDT, so that if when due, the price of Btc happens to increase then you stand to be on profits, but if the price  happens to have fallen then you stand to be at a loss.

So to me, I will prefer taking a USDT loan than a Btc loan, but will love to lend my Btc and not USDT.