Bank interest Vs keeping money in Bitcoin to make more

[Son Of Blockchain (SOB)]

You want to stake bitcoin to earn reward without given your coin to anything centralized? Bitcoin works on PoW which makes it not possible. You will need to hand it over to a centralized platform like an exchange and the reward will not be up to 18% and it can be reduced at anytime.

Another way is the staking of altcoins like wBTC which its price is pegged to bitcoin price.

To get returns compared to that of the banks he'll need to do more riskier things that could make him lose his money, like yield in exchanges which means his money is exposed to a third-party or trading that's like a death trap in the crypto space. Moreover he's looking for quick returns in Bitcoin which is basically what traders do.
 He should just figure out his discretionary income, buy and hold Bitcoin consistently. Four years atleast is not a bad idea, it might seem boring and long but it's worth it and better than doing risky things that could make him lose his funds.

[Royal Cap]

Or is there any way that this is possible?

In my opinion comparing Bitcoin with bank interest is not exactly the same.  Banks pay interest because they use your money in various ways to earn money. But the main purpose of Bitcoin is not to provide regular income but to keep ownership of your assets in your own hands. However if someone is looking for regular returns by just keeping Bitcoin, then he will have to rely on some third party in almost all cases. To me this pretty much defeats the biggest advantage of keeping Bitcoin.

[ZAINmalik75]

In my opinion comparing Bitcoin with bank interest is not exactly the same.  Banks pay interest because they use your money in various ways to earn money. But the main purpose of Bitcoin is not to provide regular income but to keep ownership of your assets in your own hands. However if someone is looking for regular returns by just keeping Bitcoin, then he will have to rely on some third party in almost all cases. To me this pretty much defeats the biggest advantage of keeping Bitcoin.

I totally agree with that, and I wonder why we are comparing Bitcoin with banks or bank deposits because those two are in no way similar, even if they have some similarities, there are so many differences. As you said, when we deposit our funds in a bank, it's not that our money is kept there until we withdraw or use it, they basically use the funds for investments and to make money with it, it could be giving our loans, buying and selling properties, and a bunch of other things that banks do to make money.

On the other hand, if we talk about Bitcoin, if we are just to buy and keep our bitcoins in our wallet, then our bitcoins basically just stay there, and over time, when its price moves up, we get profits without even doing anything, which is the biggest difference because you are not taking any risks or anything. Also, with banks and fiat currencies, your funds will lose purchasing power over time if you keep it for years and that thing doesn't happen with Bitcoin but instead, the value of your assets will eventually go higher.

[Abu-Naim]

Asking for a friend.

Is there any way to make dividends holding Bitcoin?
If someone has $100,000 in the bank or piggyvest in my country they can make up to 18% in a year.

Holding Bitcoin, how can someone make something similar?

This is a question a friend asked me yesterday and I just say that Bitcoin is safer in my hardware wallet and I don't plan on making any interest or anything because if it's possible it will be me handling over my Bitcoin to a thirdpart company.

Or is there any way that this is possible?

You need to explain to that person that his aim of making such percentage on investment will not work on Bitcoin because it is decentralized, no one is controlling the price movement in the market, he should know that he might make above 18%, and they can make less than, but if he can hold for long, he can make more than that.

Let him also remember that Bitcoin stores value unlike fiat that is affected by inflation always, he should think twice but should consider learning about bitcoin first so that he will understand the good things involved in Bitcoin investment which include financial freedom.

[Livingleged]

For someone  to start thinking  about  divident  from any institution  you should  know that you need to have a savings that will not be handled/ controled by you with that institutions for a particular period  of time. Your money in this case bitcoin  will be used for other businesses  and trades to generate  more income and the institution  you are cooperating with will share the profit with you  and give you your as dividend. that's easy to run with Fiat and stable coin but I don't see it to be a Wise decision  to do such with bitcoin  because bitcoin  is decentralized and the biggest  challenge  will be it's high  volatility  and it might not end well for both parties  involved.

[AmaGold70]

I believe you can still earn good interest by holding bitcoin, though this method carries some level of risk, but if you can take the risk, you will definitely make some profit. If you want to gain profit holding your bitcoin, you can decide to lend your bitcoin, when you lend your bitcoin using any of these reputable exchange like Binance, is possible you can earn more interest than the way you might earn saving your money in the bank.
While earning from your savings might be a good idea or reason for keeping your money in the bank, holding bitcoin is a more preferable option. When you hold bitcoin, you are holding value, the asset grows in value with time, and the currency value is sustained, and saved from depreciation, but even when you earn interest from your savings in the bank, the money you saved, and the interest you earned is liable to depreciation based on financial policies of the country.

[leonair]

Asking for a friend.

Is there any way to make dividends holding Bitcoin?
If someone has $100,000 in the bank or piggyvest in my country they can make up to 18% in a year.

Holding Bitcoin, how can someone make something similar?

This is a question a friend asked me yesterday and I just say that Bitcoin is safer in my hardware wallet and I don't plan on making any interest or anything because if it's possible it will be me handling over my Bitcoin to a thirdpart company.

Or is there any way that this is possible?

The interest of the bank cannot cope with the inflation that occurs every year. Because you will not get more than a maximum of 10% interest from the bank per year, but the inflation that occurs every year is more than 10% in some years. But if you hold Bitcoin for a long time, then if you wait until ATH, the profit that you will get will be 50% or more annually. So why should you keep money in the bank to get interest from the bank where the interest of the bank can never make you profitable. In addition, the bank is centralized, so your money is not safe here, but if you save money in Bitcoin, it will be completely under your own control, so there will be no fear of losing money where there is a fear of bank bankruptcy.

[macson]

Holding Bitcoin, how can someone make something similar?

You can't do that with Bitcoin because Bitcoin is not an asset that can generate dividends for you.

This is a question a friend asked me yesterday and I just say that Bitcoin is safer in my hardware wallet and I don't plan on making any interest or anything because if it's possible it will be me handling over my Bitcoin to a thirdpart company.

Bitcoin is definitely safer in your wallet. Exchanges may offer the option for people to stake their Bitcoin and earn returns, but that's like giving full control of your Bitcoin to a third party, and it could be risky if something happens to the exchange. So, just keep your Bitcoin safe in your hardware wallet.

[tabas]

Only a third party services that provides for all these, but I can let you be assured that this is something you can make more of it and even better if you are making bitcoin investment all by yourself, what you will be offered by a third party service will not be enough as if you get it all by yourself.

And don't ignore that there's higher risk with that if it's under a third party service. You're leaving your bitcoin to them and we don't want that to happen. We've seen series of hacks from DeFi, to exchanges and all other interest platforms. While it can comfortably give you that APY but, the cost will be losing potentially all what you have deposited and worked hard for. Never look for interest earning platforms using your bitcoin, holding it is enough and you'll earn through appreciation of its value and price.

[Smartvirus]

This is one experiment anyone can actually do if they wish to give it a trier and do the time.

Keep $5,000 in a bank account for a period of 4years, I’m using 4years as that’s typical for a Bitcoin cycle.
Have the same $5,000 invested in Bitcoin and keep for the same duration.

After which, You watch out for increases as per interest from banks on money saved and profit from the Bitcoin market following volatility. That way, you would know better what to do with your funds and what your time is worth in lessons and profit.