Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
btcbeliever
on 11/08/2020, 03:49:20 UTC
Quote from: JayJuanGee on August 10, 2020, 11:30:54 PM
Quote from: btcbeliever on August 10, 2020, 10:30:39 PM
Quote from: LFC_Bitcoin on August 10, 2020, 07:32:01 PM
I seriously used to worry about pumping all my fiat into bitcoin. Look at this ———>



https://twitter.com/awealthofcs/status/1292819472194121728?s=21


Dump your fiat bags for bitcoin!2

Celsius.network pays 4.51% interest on BTC, and 8.69% on usdc.

You do not need to earn interest on your BTC - because BTC is already designed to pump forever, and why get preoccupied with interest when it could end up adding too much third-party risk to your BTC investment approach?

In other words, interest on your BTC seems to be a distraction that will lead too many people to give up custody of their BTC when in fact BTC HODLers are more empowered overall by figuring out ways to hold their own private keys.
If retired and looking for more predictable dividend income, it can be a nice option to put a bit of ones stash to work with institutional lending.  If you have a rainy day fiat fund, it's hArd to beAt the 8.69% interest on 10 different stablecoins.