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Re: Low activity long term BTC investing?
by
Severos
on 13/04/2018, 05:14:56 UTC
Bitcoin is already on the recovery phase so if you have moved them elsewhere since you open this thread then its a big mistake. I can feel you, everyone us here suffers the same faith because bitcoin has been struggling lately.

But what you are saying that is as sleeping suddenly woke up and now it seems that $8K-$9K is within our reach. I don't have any idea about lending though but if you are talking about lending here, yeah probably you can do it as well. But just be careful of scammers because there are a lot even here in our forum.

I haven't moved them for around a year I think...

Hold your bitcoins on freebitco.in they have a feature where if you let them hold your bitcoins in exchange they'll give you a daily interest. This is different from investing in a casino bankroll because the interest comes from two different sources which are mining and dice. I forgot how much was the interest but what they offer is close to a risk free investment. You can also withdraw your bitcoins right away from the site since you're only holding them.

Isn't that pretty risky to hold large amount in there? since I have no control over the private keys. The interest was around 4% annually.

My final thought was lending my funds to an existing loan service for a small return, which sounded good idea first... but I couldn't find a loan service that seems to be short on funds  Undecided
You can create your own loan service thread but you have to work for it and choose those borrowers that are really paying. There's no easy money in this world and even in cryptocurrencies.

Anyone got other ideas that will  get me some revenue without having to spend much time following up with it? something set & forget for couple months (maybe check once every month or two)?
HODLING will be your last choice if you don't want to spend too much time.
My problem (far as I thought) with making my own lending service (other than time), is my current reputation in the forum, what would make someone trusted take a loan from me instead of taking it from a more trusted existing loaning service?? the start will be pretty hard to get reputable members, and my service thread (just as with other threads) will probably be filled with users trying to scam.

There is no such a thing as putting your coins to work. It's all pointless if you think about the risks you expose yourself to. Hodling is not boring, nor should people think they can just invest or trade to increase their holdings.

Hodlers are the real winners, which is the only valid reality, and it doesn't require you to expose yourself to unnecessary risks. I enjoy seeing the market go up throughout the years, which is enough for me.

Those who strive to earn, but have no idea about how to do it, are mostly those who end up losing. I strongly advise people to not force themselves to put their coins 'to work'. Holding Bitcoin is GOLD. Putting it 'to work' is RED.
Hodling is a valid strategy, but greed makes you want to hodle double what you're hodling now. Since it's not possible for me to buy BTC with fiat due to many factors, I want to find other ways to increase the amount in another way.