Mining requires:
1) good knowledge of what you are doing
2) a good contract with low electricity cost, otherwise you can't gain more than you pay in electricity
3) expensive hardware.
I think that best way to earn something is doing bounty campaigns if you have good accounts.
Topic: Mining or Trading which one is safe? - page 19. (Read 3284 times)
Both are a bit risky. With trading it depends on what you exactly mean. If you mean daily trading, then yes, that is highly risky. But swing trading or holding and selling when assets moons and buying back when it drops is somehow considered less risky. Mining can bring nice profits, but you have to keep in mind that you need to have top notch equipment (like ASIC hardware) to be profitable.
of course mining is more safe but now a days mining is too hard and end of the month you get very small profit. i don't know really what to do...
None of them are safe if you dont have the required hardware or the skills to get involved in trading. It depends on your interest. Do you have the knowledge to get involved in day trading or the money to purchase the necessary equipment in order to mine the coin of your choice?!
If there is desire to be engaged in trade - the person will be able will learn to trade. Those who has no desire to trade but only to receive money from air - those will never be able successfully to trade or maynit cryptocurrency.
Here the question is controversial, in both cases, the risks 50/50. The main thing is to understand why you go there. In my opinion, the basis for the growth of the coin is trade production, and this is the factor that drives the market.
For mining, you need the equipment meeaning that you'll have to make a invesment and prepare a big budget as the cost of mining can be pretty high for the long run.
For trading, you need some skills which is something you can learn over time, but if you wanna make bank then you need need to prepare yourself, you need to learn how to read market movements, you also need to have the ability to analyze market data, trends, charts, etc. This why I consider mining a bit safer, with Trading you need master some serious skills, otherwise, a bad choice, not matter how small it was, can have serious consequences.
Both are risky, but if I had to choose one, I'd go with Mining.
For trading, you need some skills which is something you can learn over time, but if you wanna make bank then you need need to prepare yourself, you need to learn how to read market movements, you also need to have the ability to analyze market data, trends, charts, etc. This why I consider mining a bit safer, with Trading you need master some serious skills, otherwise, a bad choice, not matter how small it was, can have serious consequences.
Both are risky, but if I had to choose one, I'd go with Mining.
None of them are safe if you dont have the required hardware or the skills to get involved in trading. It depends on your interest. Do you have the knowledge to get involved in day trading or the money to purchase the necessary equipment in order to mine the coin of your choice?!
Mining is really expensive nowadays, it needs a lot of investment at the end, to do it the right way and get a good amount of profits from it, trading on the other hand, also requires investment but in my opinion, if you dedicate yourself to learn about it, it could give you more profits than mining.
I am not so much into mining but you need to invest money for both of them.For mining you need to buy hardware and you need to pay for electricity continuously.Thats all i know and that is enough to bring me back from that kind of investing.
For trading you also need money,but first you need some information and training,evtl. virtualy training on some platforms for trading,thats for free.And don´t forget,only invest what you can afford to lose.Oh,and death is perfectly safe
My advice,google first
For trading you also need money,but first you need some information and training,evtl. virtualy training on some platforms for trading,thats for free.And don´t forget,only invest what you can afford to lose.Oh,and death is perfectly safe
My advice,google first
It’s hard to compare) specially in this time) before, you can buy crypto insert invest to mining and just wait profit) for mining it also hard times because value of mining alt decreasing every day and no one knows bottom)
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?
Mining will be safer than trading many times. And just mining you have the tools to do and you do not need to do much. Trading requires time, and your intellect is very much. 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?
In my opinion mining is safer than the trading because we no need to take any effort in mining other than the capital to buy the miners but in trading we always have to work hard to make money.But both are risky too since mining cost will depends on your electricity cost and the trading will just like gambling. 
None of them are safe and both have risks. Trading is way more risky than mining because in trading you can loose money every hour if you can't read the charts and when we talk about mining let's just say that it takes time to search for what to mine and you must always have someone near them or a remote control program as from time to time they're going down and you must turn them on again. In conclusion, none are safe , both are risky but without risks there are no big rewards.
Of course, the risk of mining is less when we ask securely. But the cost of mining is much higher than trading. Mining getting harder day by day. Now, big compaines took over mining job already. It is almost impossible that mining with only personal.
Both are risky my friend, nothing in this life is guaranteed even life itself has no guarantee, coming back to your topic i think trading is not for everyone and mining is not profitable at current btc/eth price but it will become profitable once price grows, personally i think mining is safer but its profibility can vary, you can wait for price to rise to start mining.
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?
Jump to: