Quote from: Febo on February 24, 2021, 02:00:49 PM

Quote from: mcun2000 on February 09, 2021, 09:22:22 PM

So, I have small amount of cryptocurrency I bought and mined over the years and will HODL, but I am seeing news articles and advertisements about earning interest on my coins. And the returns are not bad--5 to 7% per year.

How much is it worth to you 5-7% increase in a year when value of coins you have goes up and down 5-7% almost every single day. Nothing! Better focus in most secure ways to store them And properly hedge.

It should be borne in mind that if we transfer our cryptocurrency to some company and something happens to it or to our cryptocurrency, we will simply lose it. There will be little or no chance of a refund to us, save for the goodwill of this company. Indeed, a few percent of the annual profit is too little for a cryptocurrency, when such a profit can sometimes be earned in it in one day. Even a very rare occasional trade in it will bring much more profit. I'm not risking that way yet.