To Hodl or Lend: What is your take?

[judaspriest]

Everyone thinks different from each other and they have different mind set but I think that lending is more risky because if you don't have any information about the other person you lend your bitcoin then it's something hard for you to earn money and may loss your money which you put into bitcoin.

Holding will be better because it enhances the chances of your success and whenever the price rises you have the opportunity to take your profit and continue your holding through putted amount. Investment is better in my opinion so all those who have more benefit in lending and trading can continue it but I will always prefer Investment and holding.

That's right guys. Because there are big risks that we must be prepared to accept when we decide to lend our Bitcoins. And the interest received is not commensurate with the risks we face. So I also prefer to hold it and keep it safe in my personal wallet. And avoid storing it on a centralized exchange. Keep accumulating and holding on. that's all I think about if it's for long term investment. and as you said that as long as we hold it we ourselves it is easier for us to sell or take profits when the time comes.

Yes, make sure to think carefully before making a decision to lend Bitcoin,
the big risks are of course a consideration so don't let us regret what we decide for ourselves,
it's better to keep it yourself in your wallet and it's safer.

[Strongkored]

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?

That is why it is so important to use only spare money when you want to invest in Bitcoin as well as money you can afford to lose.
Lending our Bitcoins on a centralized or decentralized platform is quite a risky action, the opportunity to lose our investment is wide open, not only the possible profits, I might do the lend but only for a short period not all the time while waiting for the Bitcoin price to go up because the platform can suddenly go down and we lose all our Bitcoins.
Keep it in a self-custodial wallet and continue to buy when you have the opportunity to add to it when there is spare money that can be used, using the DCA method can be an option when we are not like the whales who can immediately buy in large quantities.

[Ricardo11]

Don't lend, you keep holding with your money. If you are holding in Bitcoin with your hard earned money, you can earn more money. And when the market is pumping you can make more money. If you unknowingly lend your money to a scammer, and the scammer runs away with your money, how do you catch the scammer? And how do you get your money back? Then you may not be able to bear this loss. That means you don't put your money at risk by lending it to a stranger. So you continue holding Bitcoin with your hard earned money.

[lienfaye]

Everyone thinks different from each other and they have different mind set but I think that lending is more risky because if you don't have any information about the other person you lend your bitcoin then it's something hard for you to earn money and may loss your money which you put into bitcoin.

Holding will be better because it enhances the chances of your success and whenever the price rises you have the opportunity to take your profit and continue your holding through putted amount. Investment is better in my opinion so all those who have more benefit in lending and trading can continue it but I will always prefer Investment and holding.

That's right guys. Because there are big risks that we must be prepared to accept when we decide to lend our Bitcoins. And the interest received is not commensurate with the risks we face. So I also prefer to hold it and keep it safe in my personal wallet. And avoid storing it on a centralized exchange. Keep accumulating and holding on. that's all I think about if it's for long term investment. and as you said that as long as we hold it we ourselves it is easier for us to sell or take profits when the time comes.

Yes, make sure to think carefully before making a decision to lend Bitcoin,
the big risks are of course a consideration so don't let us regret what we decide for ourselves,
it's better to keep it yourself in your wallet and it's safer.

Reading the replies, most of us prefer to just hold rather than lend our Bitcoin. It's understandable since we're just protecting our investment to what's more wise thing to do that won't give us much stress.

Well, lending might be profitable but the risk of not getting back what the borrower owe to you is always there. It's happening in reality so what's more if it's just happened online? Much harder to get your money and worst if you don't know its identity. That's why if you don't want to face such problem, just keep holding your Bitcoin and wait until bullrun so you can gain even it takes time.

[gunhell16]

Don't lend, you keep holding with your money. If you are holding in Bitcoin with your hard earned money, you can earn more money. And when the market is pumping you can make more money. If you unknowingly lend your money to a scammer, and the scammer runs away with your money, how do you catch the scammer? And how do you get your money back? Then you may not be able to bear this loss. That means you don't put your money at risk by lending it to a stranger. So you continue holding Bitcoin with your hard earned money.

If you lend money, it's up to you and I don't see anything wrong with that, especially if the person you're lending your hard-earned money to is someone you trust and know, and there's only a risk when it's someone else and you don't fully know known And of course I won't do that.

The money you lend should also be separate from the money you will use that is only intended for you to buy Bitcoin for long-term and not short-term, so that at least the person you loaned to runs away from you, your Bitcoin is separate from it.

[Litzki1990]

Everyone who invests in Bitcoin has the hope that they will benefit from the investment, but no one thinks like this, that means they are investing in Bitcoin with the thought of everyone, that is, to profit. But investing in Bitcoin by taking a loan in the hope of making this profit is very risky and should never be done. Because investing never guarantees you a profit, only creates the possibility of a profit. Investing by taking loans will act as a very stressful time for you. If you are really interested in investing then you should start investing with whatever amount of money you have then when you have money you can gradually increase your investment but never invest by taking loan.

[Dr.Osh]

So far, I still prefer to hold the asset myself rather than lend it. for me, lending has more risk, especially when I don't know people on the internet. Except it might be people I already know and trust. It's just that, I'm more inclined to take advantage of the assets I have at my own risk. for example, if I'm feeling too long with an asset I hold, I might try trading to multiply the asset I own rather than lending it to someone else at interest. Anyway, I'm more comfortable that way.

[MFahad]

That's right guys. Because there are big risks that we must be prepared to accept when we decide to lend our Bitcoins. And the interest received is not commensurate with the risks we face. So I also prefer to hold it and keep it safe in my personal wallet. And avoid storing it on a centralized exchange. Keep accumulating and holding on. that's all I think about if it's for long term investment. and as you said that as long as we hold it we ourselves it is easier for us to sell or take profits when the time comes.

accumulating bitcoin is not an easy task and everyone cannot afford it because its expensive nature. I think those who cannot accumulate on monthly basis should try to buy once and then don't sell it immediately because longer time holding can give you more benefits.

Storing bitcoin in safe wallet is also very important because these days we don't know that how a hacker steal our bitcoin in a matter of seconds so try to save your bitcoin if you want to hold it for longer period of time.

[freedomgo]

Online lending, in my opinion, is too dangerous. Consider this: you have one friend who knows you well, and because he has a difficulty, he borrows money from you with interest and promises to pay it back in 1 or 2 months. You want the money back with interest after two months, but because your friend still has a problem, he wants to pay the following time until he can't because the interest keeps increasing. How much more if you're doing it online and don't know the person you're dealing with? That is why some individuals do this with collaterals. I only trust loan services on Bitcointalk because their account should be their collateral, especially those who are well-known in the community.

Be it online or offline, lending will never guarantee profits. Especially if a certain exchange suddenly gets bankrupt, the fact that all centralized exchanges may experience that, then you will never retrieve your bitcoin anymore. It’s like you are putting your hard-earned bitcoin into a waste, and worst is you are not benefiting from it but only the centralized exchange. That’s the reason why I don’t see bitcoin lending a profitable one, and I’ll never advise anyone to resort on that.

[Fivestar4everMVP]

Everyone thinks different from each other and they have different mind set but I think that lending is more risky because if you don't have any information about the other person you lend your bitcoin then it's something hard for you to earn money and may loss your money which you put into bitcoin.

Holding will be better because it enhances the chances of your success and whenever the price rises you have the opportunity to take your profit and continue your holding through putted amount. Investment is better in my opinion so all those who have more benefit in lending and trading can continue it but I will always prefer Investment and holding.

That's right guys. Because there are big risks that we must be prepared to accept when we decide to lend our Bitcoins. And the interest received is not commensurate with the risks we face. So I also prefer to hold it and keep it safe in my personal wallet. And avoid storing it on a centralized exchange. Keep accumulating and holding on. that's all I think about if it's for long term investment. and as you said that as long as we hold it we ourselves it is easier for us to sell or take profits when the time comes.

Yes, make sure to think carefully before making a decision to lend Bitcoin,
the big risks are of course a consideration so don't let us regret what we decide for ourselves,
it's better to keep it yourself in your wallet and it's safer.

One thing with lending bitcoin is that, it's not possible to lend bitcoin without a centralized authority In between the borrower and the lender, and personally, with all I've experienced with centralized platform, it's actually a bad idea to lend your bitcoin out though such a means.

If I become a professional at lending, and have a good amount of bitcoin to start with, I can agree to lend my bitcoin if it's on this forum, but anything outside this forum, I would rather hold my bitcoins and lend it out.