Cloud mining/Investing or trading on localbitcoins? - page 7.

batang_bitcoin

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Quote from: Skarner21 on February 25, 2017, 05:44:33 PM

Quote from: Bops on February 25, 2017, 07:51:21 AM

I use genesis-mining almost 2 years.
Its just perfect. Payment every day always on time.
I use sha256 hash for BTC mining

Not good idea to invest in bitcoin cloud mining almost all are scammer or not really profitable.. better to stay away from them..
Much better to learn in trading it is more safier low risk not the same as gambling but there is still small risk.. and you can make more profit than gambling..

It's very risky and the most possible thing to happen to you is that you can get nothing from it. At the same time your investment will be run away by the site. Since it's very attractive to invest to them with the hash power. Still don't be deceived by it, there's no such thing as trustworthy when it comes to this type of investment.

pinkflower

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Quote from: xIIImaL on February 26, 2017, 05:10:07 AM

Quote from: btcdiggingmaster on February 15, 2017, 12:30:57 AM

Each person has different opinion about cloud mining and trading. But when it comes to practical you will make more through trading because start investing 0.01 in cloud mining and 0.01 in trading. After one week or one month compares your earning than you will make more profit with trading only.

Both has its own type earning method and amount can earn from it. But comparatively cloud mining is ponzi schemes at most of the time. Trading will be profitable with the small investment as well. All you need to do just be careful with the scammers and need to use the best escrow around here in the forum or else where.

How small of an investment in trading that can be made profitable are you talking about here? Im interested in starting to trade in the forum. If we base everything in your trading experience how much can I make if I start trading with .5 BTC?

xIIImaL

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Quote from: btcdiggingmaster on February 15, 2017, 12:30:57 AM

Each person has different opinion about cloud mining and trading. But when it comes to practical you will make more through trading because start investing 0.01 in cloud mining and 0.01 in trading. After one week or one month compares your earning than you will make more profit with trading only.

Both has its own type earning method and amount can earn from it. But comparatively cloud mining is ponzi schemes at most of the time. Trading will be profitable with the small investment as well. All you need to do just be careful with the scammers and need to use the best escrow around here in the forum or else where.

Skarner21

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Massive price drop coming...

Quote from: Bops on February 25, 2017, 07:51:21 AM

I use genesis-mining almost 2 years.
Its just perfect. Payment every day always on time.
I use sha256 hash for BTC mining

Not good idea to invest in bitcoin cloud mining almost all are scammer or not really profitable.. better to stay away from them..
Much better to learn in trading it is more safier low risk not the same as gambling but there is still small risk.. and you can make more profit than gambling..

goldfish17

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If you are comfortable with meeting up with strangers then you can do what I do. I post on craigslist to sell for 15% fee. At the current price, every bitcoin I sell I earn around $200. Then I put my cash in the bank and wire it straight into bitstamp. Since the international wire fee I pay and bitstamp fee adds up to $50, I profit around $140-150 per bitcoin. If you hadn't figured this out, you really need alot of bitcoin to do this method, since the wire transfer fee is large. Just be smart about who you talk to, where you meet up, etc and its really a nice little profit. Doesn't pay the bills, but it pays for when I buy high and sell low on bitstamp lol Cry

Bops

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I use genesis-mining almost 2 years.
Its just perfect. Payment every day always on time.
I use sha256 hash for BTC mining

pinkflower

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But what if the altcoin you traded went south? How can you make sure that trading will give you profit? You cant. A lot of gullible people have fallen to the trap of the hype. Its happening in the real world and its happening in the world of cryptocurrencies now. Cloudmining is also the same kind of trap but packed differently.

btcdiggingmaster

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Transact Safer / Chase Better

Each person has different opinion about cloud mining and trading. But when it comes to practical you will make more through trading because start investing 0.01 in cloud mining and 0.01 in trading. After one week or one month compares your earning than you will make more profit with trading only.

bitbunnny

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I would not count on mining, especialy not on cloud mining. There are so many accusations for cloudmining for scam of all types that is better to stay out of this. Trading is risky, that is true, but at least you have fair chances to make some profit if you invest your money, time and knowledge.

batang_bitcoin

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Quote from: mrcash02 on February 13, 2017, 02:50:47 PM

Cloud mining is the worse investment to earn Bitcoins.

I second the motion on it, I did experienced to invest there and hoped that I'll earn upon doing nothing but I got scammed.

Quote from: mrcash02 on February 13, 2017, 02:50:47 PM

Trading can be good, but for who doesn't have much money to risk it's not adviced too.

Many here prefer to do trading and it's like gambling just invest what you afford to lose.

Quote from: mrcash02 on February 13, 2017, 02:50:47 PM

If you want to trade in safe way, that is better, just hold, sell and buy Bitcoins.

Yeah this is much pretty good and also good for substitute in investing to cloud mining.

Quote from: mrcash02 on February 13, 2017, 02:50:47 PM

Doing this you will grow your money slowly but safe. Make sure to follow the BTC price and the events that can make the price change.

It's not total safe at all because when the price decrease, the value of your coins will decrease too but this is much better.

ImHash

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If I had spare money I'd bought a few dozens of S9 miners and start mining in my home and would've paid power bills from my spare money.
But why? because I believe in bitcoin's future which price could reach $4800 in next 2 years, so I'd start mining now when difficulty is still lower considering in future it will rise significantly.

thebatletbet

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if youre option cloud mining investment or trading
iam choose trading, but not placed in localbitcoins, i think if trading in localbitcoins not competitif to can get profit

mrcash02

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Cloud mining is the worse investment to earn Bitcoins. Trading can be good, but for who doesn't have much money to risk it's not adviced too. If you want to trade in safe way, that is better, just hold, sell and buy Bitcoins. Doing this you will grow your money slowly but safe. Make sure to follow the BTC price and the events that can make the price change.

FasTroy

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Of course, Trading is the better. I don't like investing in cloud mining sites. which they always scammers. I have a bad experience in theses sites, I lost a lot of money in them. I was scammed by many sites which they promise to get your investing money in 3 months. before the 3 month. they scam. For exemple hashoceans. So avoid to investing their and simply trading in localbitcoin. which you can get a nice profit in this domain. Good luck

legendbtc

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Quote from: fikihafana on February 11, 2017, 08:07:09 PM

Quote from: miningdude on January 29, 2017, 02:14:31 PM

Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks

i will not suggest you cloud mining as we know there are too much fraud cloud mining, only 3 cloud mining which still pay their investor. try trading altcoin to double your bitcoin.

Exactly, but even the paying website will take lot of time to mature our investments, cloud mining is always risky when it comes to investing. Yes trading is always better to make more money when compared to cloud mining. Trading will give more profits when compared to cloud mining.

iqlimasyadiqa

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Quote from: fikihafana on February 11, 2017, 08:07:09 PM

Quote from: miningdude on January 29, 2017, 02:14:31 PM

Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks

i will not suggest you cloud mining as we know there are too much fraud cloud mining, only 3 cloud mining which still pay their investor. try trading altcoin to double your bitcoin.

I have the same opinion. the current cloud mining promises only a false promise. they do not pay according to initial aggreement. a lot of people who are disadvantaged and impoverished because of cloud mining. is not very recommend cloud mining as a way of getting bitcoin.

fitty

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Quote from: miningdude on January 29, 2017, 02:14:31 PM

Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks

Well the best way to double your bitcoin is by trading. I don't recommend using cloud mining as it will not give you profit. PLUS, almost all cloudmining companies are SCAMS. They will just make your bitcoins turn into ash.

But, if you want to engage in trading. Make sure to have a research first on the coin you are trading as there are many Scam Coins scattered in the trading platform. Of course, we can't deny the fact that every investment, there is a risk of loosing money. But we can't remove that, instead we can minimize it by means of having a research and a good decision making.

fikihafana

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Quote from: miningdude on January 29, 2017, 02:14:31 PM

Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks

i will not suggest you cloud mining as we know there are too much fraud cloud mining, only 3 cloud mining which still pay their investor. try trading altcoin to double your bitcoin.

tabas

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Quote from: BlackPanda on February 11, 2017, 06:07:42 AM

I would recommend that you to make trades. because the current trading is the most powerful way to get more bitcoin. and also do trading risk is not too great. we should be prosecuted for careful and clever in taking any decision to sell and buy bitcoin / altcoin.

It depends because not all the time a person knows how to trade but he doesnt know how to trade properly but it is going to be an advantage for him if he is going to trade amount, if he knows how to handle his trades and capital. There are people who are scared of risks and he should know that or else he can just hold it for better.

BlackPanda

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I would recommend that you to make trades. because the current trading is the most powerful way to get more bitcoin. and also do trading risk is not too great. we should be prosecuted for careful and clever in taking any decision to sell and buy bitcoin / altcoin.

Topic: Cloud mining/Investing or trading on localbitcoins? - page 7. (Read 12290 times)