Mining or Trading which one is safe? - page 17.

MWesterweele

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Quote from: Miguelgreen on August 22, 2018, 06:23:44 AM

Well in first the crypto world its not really safe.
For that two options, nobody can tell witch one its more safe. Trading its more time consuming. Mining have a lot off expensive and high ROI witch the price off coins at the moment. In my case, i mine, and i buy coins to long term hold. I dont do day trading cause i dont have time for it.
You have to see whats best for your personal live.

First of all mining and trading is one of the way to get huge profit but its not easy to do. When you do mining you can consume highest cost in electric bills because doing mining you need to open your computer 24 hours, also doing it you should have good computer that can used 24 hours without power off. While trading most of your time is needed because you need to watch the market situation always. If you wan to get lot of earning then prefer yourself from risk .

CryptoTrip

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In my opinion, both options are very risky. To successfully trade you should have a lot of experience that is not acquired in one year. As for mining, you need to believe that the crypto will grow or at least stood still, differently you will work to pay for electricity and it's not known how long the payback period will last, but you can sell the equipment and refund some of your investments.

Sword555

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Quote from: sajjad100 on August 21, 2018, 03:56:53 PM

I want to know about mining vs trading topic. Many people saying that mining is the safest source of earning some coin. On the contrary, some other people say that trading is the best source of earning money. As a newbie, I am a bit confused about that. Which one is safe to do you think?

Obviously mining is really safer than trading it is understandable for 2 y.o. But you are dependent from the price in both of those options of cryptocurrency earning, so don't be so shy and do both.

Nurma.A

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I think minning, even though both need a lot of funds or capital. but, in trading, if you are wrong you will loss your capital. but mining, you only have to set it at the beginning, then the system runs.

platinov_and

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Quote from: sajjad100 on August 21, 2018, 03:56:53 PM

I want to know about mining vs trading topic. Many people saying that mining is the safest source of earning some coin. On the contrary, some other people say that trading is the best source of earning money. As a newbie, I am a bit confused about that. Which one is safe to do you think?

I think mining is more reliable than trade. There are many risks that can lead to loss in trade. But mining brings a stable profit and rarely depends on the human factor.

Miguelgreen

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Well in first the crypto world its not really safe.
For that two options, nobody can tell witch one its more safe. Trading its more time consuming. Mining have a lot off expensive and high ROI witch the price off coins at the moment. In my case, i mine, and i buy coins to long term hold. I dont do day trading cause i dont have time for it.
You have to see whats best for your personal live.

Gras

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Quote from: sajjad100 on August 21, 2018, 03:56:53 PM

I want to know about mining vs trading topic. Many people saying that mining is the safest source of earning some coin. On the contrary, some other people say that trading is the best source of earning money. As a newbie, I am a bit confused about that. Which one is safe to do you think?

Both activities have their pros and cons. I use both opportunities to earn money. In addition, such diversification reduces risks. However, it should be borne in mind that for mining you need investments in a larger size. And trading in my opinion is more risky than mining.

toantk

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Both are risk. Because trading you maybe use stoploss and mining you have to pay fee of electricity and must buy machine to mining. If the price fall, you will loss money.

Kramblerty

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Quote from: sajjad100 on August 21, 2018, 03:56:53 PM

I want to know about mining vs trading topic. Many people saying that mining is the safest source of earning some coin. On the contrary, some other people say that trading is the best source of earning money. As a newbie, I am a bit confused about that. Which one is safe to do you think?

This is a very simple question:

Mining is a passive income (can be compared with bank deposits). However, the crypto-assets that you will be mining can decrease in price the overall principle is similar to bank deposits when you invest cash and then get some profits.

Trading is a very risky 'business' because in fact, only 10% make money on it (in the long run)

Gaurav11kb

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Both Mining and Trading are risky but comparatively trading is more risky. For mining, you'll need a very good hardware plus electricity costs are increasing day by day and mining is getting harder day by day because some big companies have taken over and they have hardware which an average individual can't afford.

In trading, if you don't have good knowledge and you are just going crazy over trading to make the quick buck, then chances are that you'll end up with nothing at the end. That's why trading is more risky.

Cacingkemi

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By the way Mining is the safest source of crypto search than having to be a trader but it must be with a lot of capital and a lot of electricity #That's also what people often say.IMO You must choose both mining and traders cause there you can distinguish which one can generate the most profit or you can become a millionaire by taking both of them as your work but remember not to be a panicked and greedy trader have fun Dude.

xenomorphe1

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What is safe? Mining or trading in the end result is the same. If you are mining, you are maybe mining in loss. But you need to wait to sell or you can sell in loss.
If you are mining, you also need to know how to trade. Mining is for a long term investment. You can do trading for short term investment, or hodl your coin for long term investment.
I think mining coins is more like a hoby, as you know that you are currently losing, but you might one day win in the long term. Or maybe you are losing your time if you are mining worthless coins.

Kawatan Ug Manok

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Sajjad, I highly suggest that you should research for it or try it yourself. There's a saying that, "experience is the best teacher". You should try it if you really want to find out. Don't post this thread here, because many scumbags will comment for their own purpose.

ccsang

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Both mining and trading appear to work well as long term investments, but cryptocurrency is high risk and high return investment, If your country have low energy cost and a lot of money to throw at mining equipment to make it profitable enough then go for mining, If you have time to research coins, their exchange rates, take the time to understand things like limit orders, stop losses, order books then go for trading, remember never sell at a loss, if someting dips below buy price, just hold and be patient

dadatosin01

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Mining is quite expensive in term of setup and the cost of running a mining equipment as you will paying very high electricity bill and for trading i still believe if you have a good understanding of crypto trading, you will be making good decision in trading. Do you know that in this bearish market condition, miner are at lost as mining is not profitable in the bear market.

maman567

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Trading is more faster to take profit than we have make mining way for earn money with bitcoin, maybe by trading way we can earn money on few time and we can take much profit if choose correct altcoin for trade. For mining we have more specific of earning in daily time.

Bitknick

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It seems to me that extraction is no longer profitable, in order to produce more voluminous scales, only then there will be a positive result!

deep4u

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Both of them have there own work and credibility, when you do mining you have to just keep your pc on or mining rigs on 24hrs but you need understand that how much you will get from that efforts because most people don't know that you will consume more electricity than what you earn by mining so you need to do some research on on which or what should you mine to makr profits.

gigusico

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less safe mining because the costs are high and it may not be covered by costs, but there are risks in trading, but I would choose trade

Lillian4real

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I think trading is safer than mining because mining requires alot of things being put in place before you succeed but trading only requires the technique and you are there.

Topic: Mining or Trading which one is safe? - page 17. (Read 3228 times)