reply on: If you go all in on BTC, how do you grow your wealth? \ stacker news ~bitcoin

243 sats \ 6 replies \ @orthwyrm 28 Mar \ on: If you go all in on BTC, how do you grow your wealth? bitcoin_beginners

You grow it either by:

a) Working for it b) Taking calculated risks (lending it out, making trades, etc.)

I don't believe "risk-free return" can exist in a free-market system such as Bitcoin.

You can get paid for doing coinjoins with joinmarket. I'd call it damn close to "risk-free". Only risk is hot wallet risk

0 sats \ 1 reply \ @cryotosensei OP 31 Mar

Thanks for this! Will look into it. How much do you have to put in to get 30k sats every month, if you don’t mind sharing?

0 sats \ 0 replies \ @m00ninite 2 Apr

It's a non-trivial amount, but you can compensate by using a longer locktime. I think my success comes from setting a 4 year locktime

0 sats \ 1 reply \ @orthwyrm 28 Mar

Interesting. What rates do you get? I've never tried it.

50 sats \ 0 replies \ @m00ninite 28 Mar

It really depends on how much you put into the wallet and how big of a fidelity bond you make. It's not a lot, but it's not zero. I make maybe like 30ksats a month.

0 sats \ 0 replies \ @cryotosensei OP 31 Mar

calculated risks

Thanks for this. Made me realise that the notion of passive income is quite unattainable for BTC haha