Mining or Trading which one is safe? - page 4.

RokokGudangGaram

full member

Activity: 966

Merit: 102

Quote from: zemper on November 24, 2018, 01:51:59 PM

Quote from: sajjad100 on August 21, 2018, 02:56:53 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?

Now mining is no longer profitable as before. The price has fallen so much that many miners are at a loss and are waiting for the price increase for coins. And the time for purchase and further sale is just the same favorable, everyone is waiting for growth.

it's true because now the miner is very difficult to get income because the coins he mines are always broken, causing losses So what is more profitable this year is trading, although there is little to be gained

Zhenka

jr. member

Activity: 362

Merit: 2

Quote from: sajjad100 on August 21, 2018, 02:56:53 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?

Buying mining hardware you buy an item that belongs to you. Even with Ryn if something happens you will have for example a video card or other hardware. Trading on the stock exchange you get only digital assets, the rate of which is not predictable. I choose mining.

kliown

hero member

Activity: 1080

Merit: 500

I think that more just profits can bring you only trade. Investing in the long term or starting to build farms and start mining is much less profitable.

aalborg

full member

Activity: 602

Merit: 100

Trading is more safer,it is obvious. Mining isn't profitable at all, miners didn't even receive a return for their equipment.
I bet they will get their profit back finally,but they will have to wait for a long period of time.

cute nmp

jr. member

Activity: 1708

Merit: 3

I will definitely choose mining because it is usually more safer than trading altcoins.Trading involve alot of risk and the prices of most altcoins is usually not stable you can buy at higher price and the price will fall before selling unlike mining altcoins which is more profitable and safer than trading.Mining altcoins does not need much skills like trading so i think mining will be better and safer.

farlack

legendary

Activity: 1310

Merit: 1000

Quote from: Gryphet on November 24, 2018, 01:55:34 PM

Well, of course now at this time trading is the most profitable, and to mine you need a lot of equipment to earn

If you trade wisely on margin trading, then you will come out in a plus, even on the bear market. the POS system will not always give you a plus, look at the future of project development.

defoman

jr. member

Activity: 448

Merit: 2

In my opinion, trading should be done by professionals, if you are a beginner, there is a very big chance that you will lose everything. For mining you do not need to be a professional in some field, you can find a lot of instructions on the Internet, but you need money to buy equipment and pay for electricity.

KuromaYoichi

sr. member

Activity: 756

Merit: 251

Sovryn - 300-500% APY on USDT Deposit

Mining isn't that profitable anymore in this kind of market, the price of crypto keep dropping so you won't make that much and it will take longer to break even, maybe more than one year. The only way to make money is to hold the coin until the next bullrun and sell it later but that's too unreliable so trading is definitely better now.

yulchatar

full member

Activity: 910

Merit: 100

I've been mining for a while. I can say that the equipment for it is very expensive. Plus the cost of electricity. And I decided to stop this business, as I considered it unprofitable.

Bangjull

member

Activity: 229

Merit: 10

Quote from: sajjad100 on August 21, 2018, 02:56:53 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?

actually both of them have their own risks. mining is not just having a pc and other components, if you don't understand the program to mining it will all be in vain. and for trading it is quite easy, but you must have more capital and knowledge about market trading. all of them have their own strategies

yvesp110

hero member

Activity: 1092

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Quote from: jan.nicolas on November 23, 2018, 11:34:34 AM

Trading, of course, trading, because mining today is clearly not in a favorable situation, because as I understand it today, mining is unprofitable, because cryptocurrency prices are very low.

Yes you are right that nowadays the cryptocurrency prices are down due to this mining is not more profitable as compare to trading and also the mining equipment need more money which there are some people who do not afford it, therefore, trading is very profitable as compare to mining because in trading don't need more money it need high knowledge and skills.

seggardinggins

full member

Activity: 616

Merit: 100

I prefer to trade because I can get big profits quickly even though it's risky. but if you continue to study trade, I think the risk will decrease. if mining requires large capital, moreover now it cannot be done using arbitrary devices. but if you have big capital and are not too fond of complicated things then you are more suitable for you

mdenys

full member

Activity: 560

Merit: 100

I prefer trading.Mining demands lots of money for starting for buying the mining equipment then you must pay for electricity.For trading you need only some money(100-500$ enough for starting) and some luck.

ameliana

full member

Activity: 887

Merit: 100

Quote from: bep42 on November 25, 2018, 10:02:22 AM

Both of these directions bear risks, and they are not inconsiderable. But they can also yield a good profit. Please, do things that you know or you are interested in.

I also only do what I like, so I will feel comfortable in my work without burden. if we force ourselves to do work that we really don't like even though it can provide big profits, we will not be satisfied with our work.

bep42

hero member

Activity: 910

Merit: 500

Both of these directions bear risks, and they are not inconsiderable. But they can also yield a good profit. Please, do things that you know or you are interested in.

ifightformerkel

legendary

Activity: 1386

Merit: 1000

At the moment, mining has ceased to be as profitable. Trading will always be relevant, but it will always come into contact with great risk, but you will also be able to earn money by trading more.

leubirechat

newbie

Activity: 28

Merit: 0

And when will growth begin?

seo-maestro

member

Activity: 420

Merit: 15

Mining is still profitable for those who has very cheap or free electricity. Many miners in Russia have free electricity so they mine and cash out immediately. Most people have no trading skills so they can buy and HODL only but it's not profitable now.

Gryphet

jr. member

Activity: 196

Merit: 1

Well, of course now at this time trading is the most profitable, and to mine you need a lot of equipment to earn

zemper

full member

Activity: 322

Merit: 100

Quote from: sajjad100 on August 21, 2018, 02:56:53 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?

Now mining is no longer profitable as before. The price has fallen so much that many miners are at a loss and are waiting for the price increase for coins. And the time for purchase and further sale is just the same favorable, everyone is waiting for growth.

Topic: Mining or Trading which one is safe? - page 4. (Read 3273 times)