Quote from: Odohu on February 13, 2024, 11:20:11 PM

Quote from: avp2306 on February 13, 2024, 12:16:12 PM

Quote from: JayJuanGee on February 13, 2024, 12:09:56 PM

Historically, many folks have gotten overly greedy with their bitcoin and they put their bitcoin with third-parties in order to receive interest or yield and then they end up getting fucked.. so frequently it is not worth the risk to be using those kinds of interest bearing products in relation to your bitcoin, unless you can have some confidence that they are not gambling with your BTC too much.. which is truly difficult to assess because sometimes they are lying to you about what they are doing with your BTC in order to earn the yield.

That's why I don't like that yield farming or anything you call it which have long months or years lock-in since we don't know if they could able to last for long period of time.

Usually what we can see there is they turn scam and they take those balances and fucked up all their investors.

Much better if they just save their bitcoin on their personal wallet since they have total control of their funds and they can do whatever things they like especially selling it when they want pinch some profit.

Greed is really a terrible thing. If not greed, what will make someone give something as precious as Bitcoin to a third party? I see yield farming and the likes as ponzi schemes where the promoters lure people with huge ROI, they will pay the first set of people so they will spread the testimony to attract more people into their scheme where they will continue to gauge the level of cash inflow and will disappear as soon as they meet their target. I remember falling for those ponzi schemes then and it was not a good experience.

Only if people can see the power there is in owning Bitcoin, a treasure you hold that will never be affected by inflation and have the potential of generating unimaginable ROI. Bitcoin is one of the investment that requires the least input and maintenance, the job is done once and nothing is required to give you a lifestyle that you will be happy about. Provided you made the investment with money you don't have any urgent need of, money you can afford to leave in your bank for several years without being perturbed, then you will enjoy the beauty of Bitcoin.

Anyone that is privileged to learn about Bitcoin investment should take it seriously as it might just be a way of securing your future without you even knowing. The small fractions of your income you inject into Bitcoin might just be your biggest investment in the future.

Talking about privacy I believe one of the primary reasons of creating bitcoin was to gain full control of your money and knowing every single details about your money like being in charge so what's the point of giving a third party to control and hold.
I have heard similar testimonies like this online and I strongly believe people who share those testimonies are part of the team and project, sometimes things like this happen and you'll see testimonies like; I have tried this and it worked and surprising you'll see so many people giving testimonies like this under the page, I believe no one actually paid them but there's a group of people who form those gang to share false news. The moment people understand about holding bitcoin and the terms the lesser we will hear different stories like this about ponzi scheme. In this situation there's nothing much to say as most people have learnt the hard way and promised not to get involve with any third party.