Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dragonvslinux
on 23/01/2020, 05:41:01 UTC
People seriously leave their BTC long term on a random centralized website where they don’t control the private keys just to get a reported 4% interest?

You can get over 100% profits quite regularly just by HODLING.

Remember people leave their usd long term on random centralized websites and services where they don't control their funds, just to get a reported X% interest. It's apparently very common. Therefore, the idea that this (fiat-orientated) interest scheme is popular among (I'm assuming) fiat users is far from surprising, even if it's disappointing to see.

Fuck that!

Not your keys, not your BTC!

The popularity of these schemes implies that new buyers are entering the market in my opinion, which is a good sign however. Kind of like the way BCC showed just how ripe the crypto market was in 2017 by (literally) consuming lots of new users into the market... They were also promising daily interest if I'm not mistaken.