Holding Bitcoin is similar to holding gold as it doesn’t generate any profits. Bitcoin is more of a long-term hedge against fiat currency debasement than a get-rich-quick scheme. To make money with Bitcoin, one can mine it, use it in DeFi or wait for its value to increase and then sell it.
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6 Comments
BTC changes youβre buying power, short term volatile buying power, long term increases your buying power.
I fully plan on moving to a country that adopts btc nationally.
Bitcoin should be part of the lender borrower model throughout the world.
Nexo gives you 50% loan to value for Bitcoin collateral.
Put up $100,000 worth of Bitcoin and Nexo will hold that as collateral and give you $50,000 in stable coins if you want.
You can earn 4 to 5% interest from Nexo for those who send their Bitcoin to Nexo so that they can lend it out. You can earn a higher percentage if you earn in the Nexo token, Americans not allowed.
Noob! My BTC makes me money 24/7. be your own bank, be SOVRYN
What would be a great video is explaining the best exchanges to conduct using a cold wallet to cash out
You can use it as money if the business accepts it