To Hodl or Lend: What is your take?

[Renampun]

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 asked to choose to hold or lend my bitcoin, I prefer to hold it, even when the loan has collateral and a few percent interest. why is that? because I don't want the assets that I hold to be in the hands of other people, and when I need them, I can't sell or withdraw them directly.

I am a holder, not a lender. indeed it's a win-win, but just imagine when the bitcoin is lent to someone else, meaning we are waiting for it to be returned, while no one can predict the momentum of the bitcoin price. imagine when the bitcoin price rises and your bitcoin is still in someone's hands other? you will lose the momentum to sell it which can generate bigger profits. not to mention that the risk of the lending platform going bankrupt, it also needs to be considered. that's why I prefer to hold it in my wallet.

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[Poker Player]

What is your honest take on bitcoin lending?

It's just BS. Bitcoin is already profitable enough in itself to give up your private keys for a small extra percentage of profitability. It's not worth it, it doesn't make any mathematical sense.

The best thing to do with Bitcoin is long term B&H, for at least one cycle, or DCA. When I say minimum one cycle I don't mean sell it all in the next cycle, you can sell a small part of your holdings. On how to accumulate over time and make partial sales at certain times, JayJuanGee has detailed explanations in several forum threads that, in my opinion, are very accurate.

What happens is that the most profitable and safe thing to do is boring, which is not usually liked by eager traders or lenders.

[Uruhara]

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.

So true. At least with Hodl and storing it in cold Wallet we can feel calm. Because we have kept it pretty good and safe. And keep trying to increase the quantity of our bitcoin holdings by continuing to do DCA regularly. And we don't have to think too much about the fluctuations that occur in the short term because we only focus on the long term. and well it's more convenient to do. and at least our psychological burden is also not too heavy when we invest in the long term (Hodl).

And I also prefer to avoid anything related to borrowing or lending. unless my heart really feels called to help someone.

[stadus]

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

I believe it's too risky, and you might miss the opportunity to benefit from the skyrocketing price of your Bitcoin. When you lend your Bitcoin, you send the coin to the borrower with the expectation of its return based on agreed-upon terms. However, not all the time are these terms followed due to various circumstances. Therefore, it carries significant risk because while you can potentially make a substantial profit when the price increases by, let's say, 300%, you won't be able to sell it because you've lent it out. It's a matter of managing the risk. It's fine to lend, but it's important not to lend everything you have. Moreover, if it's an unsecured loan, it becomes even riskier on your part.

[awik p]

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

I believe it's too risky, and you might miss the opportunity to benefit from the skyrocketing price of your Bitcoin. When you lend your Bitcoin, you send the coin to the borrower with the expectation of its return based on agreed-upon terms. However, not all the time are these terms followed due to various circumstances. Therefore, it carries significant risk because while you can potentially make a substantial profit when the price increases by, let's say, 300%, you won't be able to sell it because you've lent it out. It's a matter of managing the risk. It's fine to lend, but it's important not to lend everything you have. Moreover, if it's an unsecured loan, it becomes even riskier on your part.

I don't think it's wise to give bitcoin loans, considering that while we are investing, why not hold it ourselves. in other words, we want a definite profit from the bitcoins that we lend, but we forget one thing, that investing in bitcoins is safe, and no one knows when bitcoin will explode, so it's a shame if we lend our assets to other people. . because if the contract period runs out and we make a profit, of course we will lend it again, until during the bullish period we can't actually sell it, even though we lend it partly, but in my opinion it is also not feasible, because I had the initial intention to invest personally

[josephsonand]

I believe that bitcoin lending can be an intriguing opportunity for those seeking to maximize their asset holdings. It offers an alternative avenue to generate additional income through interest repayments. However, it's important to carefully assess the associated risks and choose reliable lending platforms. In this regard, I recently came across an interesting article discussing the future of global money transfers and the potential role of crypto remittances. It sheds light on the advantages of cryptocurrencies, such as faster transactions and lower fees. You might find it insightful too. Feel free to check it out and share your thoughts on how crypto lending could contribute to the evolving financial landscape.

[Helena Yu]

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.

There's no difference either you use Bitcoin or Ethereum, if you stake your coins, it mean you're taking a risk to lose all of your coins. This mean you're still want to stake your coins, but with small amount of money.

if asked to choose to hold or lend my bitcoin, I prefer to hold it, even when the loan has collateral and a few percent interest. why is that? because I don't want the assets that I hold to be in the hands of other people, and when I need them, I can't sell or withdraw them directly.

You're not making any sense. If the borrower give a valid collateral, you don't need to worry because you can sell it if he can't pay back the loan. Usually the collateral is more valuable or expensive than the amount you lend, so you're making a profit.

[Fuso.hp]

Patience is very important for investing. If we cannot be patient with investments then we cannot expect to make profits. We must be patient for certain profits by investing at a certain time. To earn a certain amount of profit, sometimes we may lose some money from our capital, but even if we lose some money from our capital, we have to wait for the profit until we get a certain amount of money and who can wait for this. They are the ones who succeed in the end. And haste can never bring success in business. Rushing is more likely to result in loss than profit as short-cut halving will never bring value for your money.

[SOKO-DEKE]

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?

Any investor's aim is to make a profit from whatever asset they invest in. If I buy Bitcoin and my aim is to make profit in the crypto industry, lending people Bitcoin or any other coins with collateral is something good, and I see it as a means of making profit in the crypto sector like trading,but theproblem with lending coins out is the issue of trust. It is very hard these days to trust people in the cryptocurrency industry, especially when you don't know them personally or have access to where they will be found. Scammers have occupied the internet, and that is where I see lending as a risky service because some people will not pay back. So for this reason, I will prefer to only hold my bitcoin and be patient enough till I meet my profit target.

[raidarksword]

There are legit company that gives such kind of lend of assets and if you have full trust of it, then it's better to lend than to hold. But if person has a trust issues then better holding the assets is also best of it because you are guaranteed that the assets are safe and sound from our own possessions.

[Oluwa-btc]

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.

Not just HOLDING. HOLDING AND FORGETTING. LOLz.

This is a strategy I find useful, I'm not saying I have a whole lot but what I have, I do not think about it honestly, all I'm after is how to earn more and hold for whats to come next year during the Bitcoin Halving.

And in the aspect of lending, we're in this together. Truthfully, I'd rather use my bitcoin to stake on three straight draw ( gambling ) rather than lending, at least, I'm damn sure of getting returns ( profits ) or lose. Although, I don't discourage thisto be carried out by whoever that wants too.

[Z390]

Lending is not that bad but it's not safe either, what will happen if you don't get your lent Bitcoin back? What will happen if the platform which you lend through stops working? I would rather store my Bitcoin and HODL for a very long term until I am satisfied and ready to take profits, I will keep buying more Bitcoin and keep instead of trying to find a way that I can earn more Bitcoin through lending.

[Dr.Osh]

i will not try it. after all it's too risky for me who has a limit on funds. I prefer to try to manage the money that I currently have. Lending bitcoins with interest is not easy. You need data guarantees and trust regarding the people who will borrow the bitcoins that you have. However, the risk is when you find someone who doesn't care about their own personal data. well, so, I better hold on to the bitcoins that I have. it has many advantages for me, such as learning to invest, saving, learning to make decisions, and others. it makes my skills increase even though sometimes I face the risk.

[lovesmayfamilis]

Yes, lending bitcoins is very risky. Even lending regular money on credit sometimes becomes unprofitable. It would be best if you watched who you could trust—simple strangers, despite the promised interest, I would never risk giving. Yes, I will lend to a friend, but this person is closer than a brother, and I am sure of him. Otherwise, I always remember the saying: "You lend to a friend and receive your debt from the enemy." Moreover, with the volatility of Bitcoin, lending is a thankless task. Besides that, I won’t borrow; you need to learn how to live with the means that a person has, which is why it is crucial to have good patience to save some money, in this example, Bitcoins, to never depend on any debt.

[batang_bitcoin]

Let's generalize the lending thing in the crypto community. There have been projects that have made their main use case into lending and we've seen that most of them collapsed. If personally I'll go with the lending business and I'll have a budget of my BTC into lending, I'll pass.
It's an headache and painful honestly and even if I haven't done such, imagining of how things will go when you're gonna have hard time asking for the payment of your borrowers seems to be like having no hope and just a discouragement why I've been into this. So honestly, it's hard pass on me if this idea is gonna be brought by someone to me. I'll just leave it to those that has a strong heart and have been into this business for years.

[Dr.Bitcoin_Strange]

Honestly, I can't lend my bitcoin through any centralized or decentralized exchange unless maybe through this forum.
 I can also lend it to a trusted friend who is a bitcoiner like me. I have a few friends of mine who are bitcoiners. A few times they have requested a loan from me, and I have offered to give them the loan in Bitcoin. It was in their agreement to pay me the exact volume of Bitcoin I lend them, even if the price of Bitcoin goes above the price it was before I loaned it to them.

Apart from that, I really prefer to hold my bitcoin for the long term. There is one advantage of lending for lenders; for example, if you lend 0.05 Bitcoin when the price was $25k and Bitcoin grows to $40k, you have your loaned amount increase in profit even plus the interest rate, but that advantage is a very big disadvantage for the borrower because, if he only needed to spend $1,250 to buy 0.05 Bitcoin when the price was $25k, he will now need to spend $2000 to buy the same 0.05 Bitcoin before he can pay back his loan, and that's only for the amount borrowed; he still needs to cover the loan interest depending on what the interest rate is. That's also the reason why I wouldn't want to take a loan in Bitcoin from anyone.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[tjtonmoy]

Lending will only make sense when you are paying with the amount of BTC and not with the value it has for the current market price. Let's say you lend someone 1 BTC and after the time is over, they will have to pay you 1.05 BTC. So, even if the price increase or fall, your assets will stay the same. Currently, 1 BTC = $26400 and you will be paid after certain time and the price increase to $28000, You will get less than 1 BTC when they return that to you. And the interest amount will not cover that either if you are looking for to hodl it afterward. Also, if the price falls, you will get more BTC but the one who is giving you back will be in a loss. You will have both advantage and disadvantage. Vice versa for value transfer but opposite.
And not to mention that there are risks of security concern. Not your key, not your coin. And when it is in the hand of others, nothing can be said about it. So I will stay away from it and try to make the best out of DCA or Spot trading.

[BitcoinTurk]

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

Of course, it would be a risky option to borrow the existing Bitcoin balance by collateral and use this debt to trade because if the current positions are negative there will be a possibility of non-repayment of this debt and in such a case the balance shown as collateral will be taken in return for the debt. Moreover, in such a case an extra cost will be incurred as the interest on the debt will be paid in addition to the loss of the new transaction.
Giving existing Bitcoin savings as a loan will not be a risky situation because there are many trustable platforms where these transaction(s) can be made. With these platforms you can lend your Bitcoin savings as a loan and get the interest income with the lowest risk.
For this reason it would be more accurate to interpret whether it is risky to perform these transactions depending on which side you are on.

[yhiaali3]

I'm also for "No Lending, Only Hold".

Hold and DCA is the best option at all times, buying from price levels and holding for the long term and then selling in batches with each new high.

As for lending, it is not a good option at all. What will I gain from bitcoin lending? Profit through little interest? Is this the profit you wish for? This is nothing compared to what you can earn from holding bitcoins in the long run. This is of course apart from the other disadvantages of lending.

[Dr.Bitcoin_Strange]

Yes, lending bitcoins is very risky. Even lending regular money on credit sometimes becomes unprofitable. It would be best if you watched who you could trust—simple strangers, despite the promised interest, I would never risk giving.

Yes, I will lend to a friend, but this person is closer than a brother, and I am sure of him.

Otherwise, I always remember the saying: "You lend to a friend and receive your debt from the enemy." Moreover, with the volatility of Bitcoin, lending is a thankless task. Besides that, I won’t borrow; you need to learn how to live with the means that a person has, which is why it is crucial to have good patience to save some money, in this example, Bitcoins, to never depend on any debt.

Well, you are very correct, sir, but it depends on who you are lending to just as you have said. When lending, I think the lender should apply wisdom because the truth is that not every borrower can pay their debt. For instance, if you see a legendary member om the forum who is earning about $120 per week and requests to get a loan of $400 to pay back in two months, I can probably accept to give the loan to the person because I know that in those two months, from his signature campaign, he will be making about $880.

What I am just saying, in essence, is that a loan should be given to someone whom you really know has the source of income to pay it back. For example, I have a friend who I took a loan from for my business; it's been over five months now, although it's a non-collateral and non-interest loan. The agreed period is overdue, but I have been the one begging this guy to take back his money, and he is declining, saying he has no need of the money yet, and he is also afraid not to take the money from me and squander it. So, first, he gave me the loan out of trust, and because he knows I have everything it takes to repay him, that was why I said a lender should apply wisdom when giving out loans. I can never give a loan to someone whom I know fully well is not working, doesn't have any investments, and doesn't have any means of paying me back.

For the parable, yes, I heard that saying too. If you loan money to a friend, some time it will result in quarrels and too many issues before you can get your money back. I asked that question in the past to an economist, and his response was that when giving a loan to a very good friend, it should be done in the presence of two witnesses, and there should be a written and signed agreement stating all your terms should your friend fail to repay the loan. The terms could be that you will forfeit any of his property that is worth your loan value. In such a situation, wisdom should be applied, which is, don't give a loan to a friend who doesn't have any property that is worth your loan value. For example, you give a $10,000 loan to a friend who doesn't even have any property that is worth $2,000.

Giving a non-collateral loan to a stranger should be a decision that the lender has agreed to accept whatever risk it presents. For example, if a trusted friend brought a stranger to you and asked you to give a loan to the person, stating that he, being your trusted friend, would cover the debt if the borrower failed to pay, and you knew fully well that if the stranger didn't pay, you couldn't force your friend to pay it, the best choice would be to decline the loan or give it out and agree to bear the risk of not getting your money back should the stranger decide to run away. perhaps Bitcoin loan is something that can have an disavage effect on the borrower if the price of Bitcoin sees a big uptrend 📈(I talked about it on my first comment).