Quote from: MusaMohamed on November 26, 2020, 06:26:40 AM

Quote from: Yogee on November 26, 2020, 05:21:28 AM

The point is there may be some people buying bitcoin so they can have it wrapped and get rewards which could have contributed to the pump. It's possible that thousands of btc's were bought from or taken off exchanges and temporarily locked on these "interest" bearing platforms. You get what I mean?

It is a risk taking activity that I don't do. Take risk, and exchange a safe asset to take a risky one (lock and get a virtual number to get interest). People who love risk will like it but I don't.

I'm not saying you should follow their strategy. You obviously have a different risk appetite than these people I mentioned.
My response is still in relation to the argument that ethereum helped the btc pump.

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Buy bitcoin, store and hold in a non-custodial wallet is safer than lock it on any platform or hedge to get interest. Use a bitcoin custodial wallet is bad. Lock your bitcoin on custodial wallet from a platform is worse.

Like I said, there are different levels of risks that investors are willing to take. Let them send it to lending platforms, store in crypto banks, exchanges, gambling platforms or any other centralized services. They'll only learn the value of being in fully in control once they suffered losses from hacking and funds locking.