Have you tried trading only to realize you should stick with mining? - page 3.

ivakar

hero member

Activity: 756

Merit: 507

Quote from: davemanet on November 13, 2017, 10:26:37 PM

Hi All,

I'm a pretty new miner and have been making some decent income from it. I tried trading recently because I thought that that was the natural thing to get into after mining. I was wrong. I don't have the patience or the grit to trade.

I was wondering: Have you tried trading only to realize you should stick with mining? How much did it cost you before you realized you're not meant to be a trader?

Yes, I have tried to trade on poloniex and I can say it was somewhat successful Roll Eyes

Of course there were some losses< while I was getting experience, but all in all I think I'm earning like 30% each month from exchange.
For me it is a good deal

davemanet

full member

Activity: 336

Merit: 100

Quote from: puwaha on November 13, 2017, 11:26:06 PM

Quote from: davemanet on November 13, 2017, 10:26:37 PM

Hi All,

I'm a pretty new miner and have been making some decent income from it. I tried trading recently because I thought that that was the natural thing to get into after mining. I was wrong. I don't have the patience or the grit to trade.

I was wondering: Have you tried trading only to realize you should stick with mining? How much did it cost you before you realized you're not meant to be a trader?

Luckily, not much. I don't have time to watch charts all day, so mining is a great (mostly) passive way to be a part of this circus.

I've always been curious about trading bots, but I'm skeptical at the same time.

hahah "passive way to be a part of the circus". great way to put it, i'm going to start using that phrase

Makak4R

full member

Activity: 266

Merit: 111

I started as a simple miner myself, but then I go to exchange much and much more
and now I can see that 50% of my income comes from exchange and mining gives me like 30% as a support role, another 20% I'm getting from PoS, nodes, airdrops
so all in all i'm very happy how things are going! Roll Eyes

Blud87

newbie

Activity: 49

Merit: 0

yea i learned really quickly that i don't have the patience for trading. lost a good ammount of bitcoin with OKCash Sad

Phantoms001

full member

Activity: 135

Merit: 100

I stay away from trading. Usually its small wins and big losses.

puwaha

sr. member

Activity: 700

Merit: 294

Quote from: davemanet on November 13, 2017, 10:26:37 PM

Hi All,

I'm a pretty new miner and have been making some decent income from it. I tried trading recently because I thought that that was the natural thing to get into after mining. I was wrong. I don't have the patience or the grit to trade.

I was wondering: Have you tried trading only to realize you should stick with mining? How much did it cost you before you realized you're not meant to be a trader?

Luckily, not much. I don't have time to watch charts all day, so mining is a great (mostly) passive way to be a part of this circus.

I've always been curious about trading bots, but I'm skeptical at the same time.

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

I originally mined on Butterfly Labs ASICs, and pretty much kept my BTC. I didn't start to trade until the miners became unprofitable and obsolete. I was kind of forced into trading because at that time because I wanted more. I had around 400 LTC stolen by Big Vern at Cryptsy. If you are making a profit mining now and are happy with it, then stick to it. I just hope you are banking something for the future. If you feel the need to trade just take a small portion of your profits and throw it at altcoins for long term holds. Don't try and beat the market, make a portfolio and see what happens. Do not leave your coins on exchanged. You also might want to try acquiring some staking coins to help out with passive income.

Good luck!

davemanet

full member

Activity: 336

Merit: 100

Hi All,

I'm a pretty new miner and have been making some decent income from it. I tried trading recently because I thought that that was the natural thing to get into after mining. I was wrong. I don't have the patience or the grit to trade.

I was wondering: Have you tried trading only to realize you should stick with mining? How much did it cost you before you realized you're not meant to be a trader?

Topic: Have you tried trading only to realize you should stick with mining? - page 3. (Read 1503 times)