Topic: Mining or Trading which one is safe? - page 9. (Read 3273 times)
Obviously mining is going to be safer than trading, because mining generates a passive income, which you do not have to be aware of every day like trading, of course, your income can be lower if you do not have several miners focusing on it, because it is increasingly difficult to solve the blocks, and that means that the rewards for mining have also been reduced.
based on my experience in trading or mining, of course those who have the safest position are mining, because by mining we only need capital from a number of supporting devices for PCs, while trading we need fresh capital to be risked in every volatile market.
In my opinion, neither is 100% safe but I'd say Trading can be made safer if you learn a few hints about market manipulation, prices etc while mining requires constant supply of resources - energy- which is the greatest cost.
I think that exploit safer transactions because its risk is not much and investors only invest once initially then select the potential coin and proceed to exploit. While coin trading requires a lot of financial knowledge and technical analysis and not all investors are good at it.
See on simple note mining will provide you some reward for your work. You set up your mining rigs and get rewarded on different intervals. But on other hand trading need some more time in the crypto market you have to observe the market and see its movement and take proper entry and exits to gain some profits. Trading can be disastrous if you are impatient and lack of market knowledge. And day by day mining becomes less profitable. So, I suggest you spend some time trading and learning its aspects and it will be more beneficial.
In my opinion, neither is 100% safe but I'd say Trading can be made safer if you learn a few hints about market manipulation, prices etc while mining requires constant supply of resources - energy- which is the greatest cost.
First of all thank you for sharing. but it was not as old as mining. So it was very difficult to mining now. so people prefer to be easy traders. we can not say anything. right.
I think trading is nore riskier. If you don't have enough experience of trading then its safer to stay away from it. Mining is relatively safe, you use your hardware and get the desired currency deposited in your wallet but cost of mining is more.
Trading is more like gambling if you are not skilled at it or have insufficient knowledge of both TA and fundamental analyses,you will basically be throwing money to the smart traders. On the other hand, mining is very expensive at the moment and will only become attractive if the price of tokene/coins improved significantly
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 both are good ways to make money from crypto. Mining is a safe way to collect crypto, but the costs incurred are very large because they have to prepare a high specification miner and an electric load that will certainly be large. Trading is a quick way to make a profit, but it requires good knowledge in analyzing the market, if not, be prepared to lose. So, each of them has a risk.
I have never mine cryptoxurrency. IF you have invested equipment in mining you will earn fixed income monthly .. trading is speculation the profit is not the same anyway. You can earn bigger than mining and lower than mining too. Do you have enough cash better invest in mining equipment
Trading isnt for people who have no experience trading.
Trading is highly risky. I think the question should be 'investing or mining, which one is safe?' Trading is always the riskier among the three. In crypto, nothing is so without any risk but mining is the safest one among the three. In trading, you can lose your investment in hours or days while that is not the case in mining.
The truth is that both minning and trading are risky. What you just have to do is to understand both of them and choose the one you think you are more compatible with.
For trading there are a lot of skills that is needed and of which a lot of beginners will struggle with for example reading charts, following market trends and recognizing pump and dumps.
Personally I believe making is also hard and is not for beginners but if you can get pro to help you away up your rig.
Then you're good to go.
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Personally I believe making is also hard and is not for beginners but if you can get pro to help you away up your rig.
Then you're good to go.
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All right you say. Mining is the safest way to earn money, but you have to invest in the creation of the farm. Trading can also be a more profitable way, but at the same time more risky, so you can lose everything you have invested.
Mining is safer than the trading because you only need the requisite equipments and effort to execute them. it's quite expensive as the needed cost of equipment is very high. On the other hand; trading needs an in dept knowledge of the art else; you'll come clashing badly from bad investments.
Both are horribly risky. Right now in Mining there is a war going on between GPU and ASIC's and its killing profitability to mine. You almost need free electricity to make it work. Trading is trading. Every shark in the world is in there trying to take you out.
mining is the most secure way when compared to the trade. Because you don't have to buy mining coins at a low price and sell it when the price goes up. But if you don't need the mining that just needs the equipment for mining and when getting the coins you can simply sell it.
Both are good at their own place, i mean both have some liking and disliking. For me trading is best, but that doesn't mean mining is not good, just as i say both are have their own importance, quality and earning. I choose trading because it makes me smarter and sharper, also give experience of all type of altcoins. With trading, i get to know about this cryptocurrency more perfectly, where mining is just free work for me.
With the current state of the market and the great number of scam project i think that the safest way is mining btc.
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