Cloud mining/Investing or trading on localbitcoins? - page 9.

ethereumhunter

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Quote from: miningdude on January 29, 2017, 03:14:31 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

my recommendation is trading, investing. you need to learn in trading before you do trading. its not good to do cloud mining because there is take too much times to get ROI if the sites still online. so better doing trading and if you have a good skills in trading then you can get much of profit so the choice its up to you.

Arcteryx

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Not cloudmining. From what I get in my junk mail folder from these sites it would take 5-6 months just to get back a roi and that is without any profit.
They charge alot in fees called electricity fees and whatever they wish to call them but it is really not worth it.
I would venture to say start in trading but find a good site to sign up with that doesn't charge too much in transaction fees. Some even charge you one to deposit into your own account. So figure that one out. Undecided

There are two sites that come to mind when you mentioned localbitcoins. Paxful which has a promotion going on for signing up an account with them and the other one is virwox where you can buy bitcoins from them.
You can try each of them out to see which one fits your needs.
Good luck with your adventure into the bitcoin investing world.

GreenBits

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Quote from: miningdude on January 29, 2017, 03:14:31 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

For me is investing and trading it help you to grow your Bitcoin or even double it.I recommend you to invest in popular ICO its a short term investment after the ICO ends and they release on exchange you can sell your token their by trading it.

Qartersa

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Quote from: Mrbates on February 01, 2017, 07:57:23 PM

Trading imo is better and safer, however if you want to invwst in cloud mining its cheaper to just buy someones account that theyve bought mining stuff on.

(Shameless self promotion)
https://bitcointalk.org/index.php?topic=1774524.new#new

I mean i invested about 6-7k and want 1300 = huge savings off the bat but then it comes down to is ROI+gains achievable?

Indeed, also in mining, you have to invest an enormous amount of money, and you have to ROI before you even get back your money. Unlike in trading, you deposit the money and earn off of it while it is there in the trading platform. You can just sell every asset you have in trading and exit when you had enough. Unlike in mining you have to sell the miners you bought and usually they get depreciated before you even try to sell it hence you lost a lot of money when you sell them.

agustina2

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Quote from: Amph on January 31, 2017, 03:51:07 AM

it depend on your capital, if you have the patience to learn more about mining and what you need to run a good small farm, you will not need a cloud that will likely scam you

Disagree. Better get that patience in other risky method out there since capital that will be used in establishing that kind of way is not a joke. It's easy to say "decent capital" but when people are in the situation they will surprised for the cost and spendings they will encountered.

Quote from: Amph on January 31, 2017, 03:51:07 AM

trading is a high risk, and i don't like it, with mining you are sure to have a return every day even if small you still keep the value of what you bought to mine, that's is the beauty

The risk is same with mining and for me much riskier. The time that will spend by building enough knowledge in mining is better be used to learn how trading works.

Quote from: Amph on January 31, 2017, 03:51:07 AM

the bad part is that it require a considerable amount of money to enter in play at the beginning

This is what Im agree. But in trading BTC1 is considerable amount to start unlike in mining that BTC1 is really small out of the whole capital that will be used.

coin-investor

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Quote from: miningdude on January 29, 2017, 03:14:31 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

All these three are profitable and risky,cloudmining is not what it used to be,unless you prefer to mine new coin with good potential in the future,selling bitcoin using paypal is very high risk it violated tos of paypal and you will likely to get restricted once caught,trading needs a lot of research and study and takes time and control of emotion.

Mrbates

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Maybe a fed.

Trading imo is better and safer, however if you want to invwst in cloud mining its cheaper to just buy someones account that theyve bought mining stuff on.

(Shameless self promotion)
https://bitcointalk.org/index.php?topic=1774524.new#new

I mean i invested about 6-7k and want 1300 = huge savings off the bat but then it comes down to is ROI+gains achievable?

michkima

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Quote from: miningdude on January 29, 2017, 03:14:31 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

Two things about your plan. First if you are going to sell bitcoins for paypal, think twice about it. The number one scam in the bitcoin world is buying bitcoins with paypal then do a chargeback, the seller loses the bitcoin and the paypal fund. Regards cloud mining, be careful here too. There are more scams than real cloud mining. Also do not expect to double your bitcoins through cloud mining, if the cloud mining offers to double it in a short span of time, don't be fooled. It is a scam for sure.

shield132

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Cloud mining means investing but if we'll say truth, it's investment without profit. For profit it's better to trade or invest in some ICO. In most cases avoid cloud mining because legit one as I know is hashnest but it's not easy to get profit from them and if you'll reach profit, you'll need 2-3 year for that, if you can by miners and mine at home.
To my mind trading is better but it's not easy to double your bitcoins, you need time for that, if you want instant double you can bet on sport games but it's worst you can to do.

Loganota

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Even if you find a non-scam cloudmining you will not be able to make a profit. Trading despite having a basic rule that is "buy low, sell high" apply this which is the tricky. It demands a lot of knowledge and experience. In time, if you do not give up on the path, it begins to work.

deadsilent

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Ofcourse trading is majority favored. Cloudmining will takes years to get some profits to it. Trading is an instant profit and more profitable than cloudmining. Trading is risky but its worth the profit you can gain from trading than investing on cloudmining. Theres no guarantee that the cloudmining you've invested will run for many years or month. Sometimes they will just disappear without notice. Its better to play your own game than giving away your money.

Amph

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it depend on your capital, if you have the patience to learn more about mining and what you need to run a good small farm, you will not need a cloud that will likely scam you

trading is a high risk, and i don't like it, with mining you are sure to have a return every day even if small you still keep the value of what you bought to mine, that's is the beauty

the bad part is that it require a considerable amount of money to enter in play at the beginning

sotisoti

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There's always a risk in investment or trading, but there's no clear answer which performs the best. You could mine a coin today and the price soars sky-high tomorrow. You could trade an altcoin and gain 10x / lose 10x tomorrow. The bottom line is you need to do your due diligence before you start to invest. I myself lost almost 1k in a so-called bitcoin cloud mining program.

dreamer81

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i've made a fair amount of profit on localbitcoins, but stopped recently due to so many fraud attempts!

pinkflower

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Doubling your BTC not as easy as it seems. The amount of BTC you are holding and thinking of doubling matters. Doubling .1 BTC is easier than doubling 10 BTC. Trading or investing takes time and a lot of risk while cloudmining contracts are losing investments. The best you can do is to get a loan, start your localbitcoin trading and slowly pay the loan.

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Quote from: miningdude on January 29, 2017, 03:14:31 PM

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?

Trading is more better than investing in cloud mining because that shit mining is a joke and just runs only for few months and gone with your money. Even in trading you can't get stable income but it's more guaranteed than cloud mining.

dearbesz1219

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Quote from: miningdude on January 29, 2017, 03:14:31 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

The best way, I think your capital must put in investing and do trade in the exchange platform. By these thing you can easily multiply or grow your coins depending of how you are going to predict the coins were you going to trade.

shinratensei_

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Quote from: miningdude on January 29, 2017, 03:14:31 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 prefer on trading, although since a long time a go for you wasn't doing a trade. but it will be better than other like investing or cloudmining. So, you have fully permission for controlling your money.

miningdude

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Have a mining rig

Quote from: pacifista on January 29, 2017, 06:49:54 PM

Quote from: miningdude on January 29, 2017, 03:14:31 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 would recommend trading for you , cause investing is a risky thing and you dont have control of your money ,unlike trading where your money is safe and less risk. And also trading gives you easy profit as long as you know what altcoin to buy.

I prefer using bitcoins, because I think it's may go up to 2k$ this year or next year who knows Huh

pacifista

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Quote from: miningdude on January 29, 2017, 03:14:31 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 would recommend trading for you , cause investing is a risky thing and you dont have control of your money ,unlike trading where your money is safe and less risk. And also trading gives you easy profit as long as you know what altcoin to buy.

Topic: Cloud mining/Investing or trading on localbitcoins? - page 9. (Read 12220 times)