Topic: mining or trading??HELP ME!!! - page 21. (Read 1965 times)

Hi there, so you're confused what youre going to choose, right? because you're new in this community. If you're going to mine bitcoin it'll cost you a lot to buy the hardware's and software for you to able to start mining, so I suggest that you should start first at trading so that you'll learn more about bitcoin. But I'm not sure if you'll earn big money with it, just be patient. If you're​ still confuse try searching it on Google and read articles regarding mining and trading.

I aggre with u .thank sir

If you don't have any expirience of trading currencies don't start from crypto. You must be very lucky to earn income from.

Read articles about trading and minning to give you information. You as a newbie, i suggest you to do trading. You can start trading even with a small amount of moneyand you can gain daily or everyweek. Mining is too expensive. You need a huge capital plus you need stuffs for minning and the electricity bill is expensive too.

Okey thanks brother

It depends on your capacity. You need more btc to mine but less to trade. Your capacity to trade is also needed. Though you cannot loose mining but you can loose trading. So, you capacity to do any of the two is need here.

Mining and trading are both profitable, but you need a capital to be able to start trading or mining.
Its hard to explain all the things you need to, so try to search first, and read all the information all about trading or mining.
The only thing i can explain is that in trading, you have to buy a promising coin when it is low and make profit when it is high, and in mining you have to buy equipment or machines to start it, and you need a stable source electricity with low cost.

Did you know what are the things needed in both of it? And do you have any idea about trading and mining?
If there's not, try to conduct research in both of it. They are different in profit but it is easy to be a trader than to be a miner. It is too difficult to mine blocks and it is more consumable in electricity. Unlike in trading, you just need to know the market analysis and capital to have profits. They are both profitable specially if you have expertise in anyone of them.

You can start trading with nearly every amount.
Of course there is no guarantee that you will end up with profit, but if you start with small amounts you will very soon see how talented you are.
It might help to read some books that show clever trading strategies befor beginning.

Mining has the problem that the equipment you need is quite expensive. That means you have to make a rather large investment in the beginning and you still depend on the price for the coin in the end.
I think that mining is rather something for the more experienced user because there are many factors to consider.

Yes sir .understand

Trading is better for many people because trading is a lot and it's a big gain here once the coin you bought and the price is higher and I think that tradin and mining are just fine because mining really really is big investment and many more items you will need.

If you have enough money and a personal computer(if you have may computer) then mining is the best choice for you mate.It may cost you a lot of money to get a mining software but it is worthy,just thinl of its possible disadvantage e.g, a high bill for electricity.
Trading might be profitable also but it needs enough knowledge before entering it.You can get more knowledge through online and get what's more profitable between this two.

Thanks brotheer

If you are newbie in the crypto world as well then you have to understand many aspects of the same. The trading and mining are completely different ends of the same rope! It depends on various facts which you may need to consider first so that you an work along.

Trading in the crypto world is simple and at the same time sophisticated job at various instances. For trading you may not need to spend much of the money or you may not need to do lot of investment. You can change the rules at your own, what I mean is, if you run out fo the money you can stop it, if you are in the profit then you can move further to different trades. This field has different branches with which you can play over the time! You can day trade, swing trade, hodl and much more! You can start the biggest trade by investing right from the pre-ico sale and last until the coin hits the exchanger to get your sweet pie! Thats what trading is all about here. In general!

Mining is completely different stuff which includes big initial investment and the money you earn is not really in your hands. I mean you can set up huge farm or little farm and depending upon that you will generate the hash rate which can get you some money. However, in the mining the difficulty for the network could rise over time and this one irreversibly proportional to your earning. The more the difficulty the less is your earning if you keep the hash rate constant. So you see its very difficult to say when you will get the ROI here. Plus its big idea to be sited in such small post!

So whatever you choose, you choose it depending upon your skills, way of working etc. Read and then continue!

If you are now going into the world of the crypto currencies and hesitating between trading and digging, I think at this stage it is better to invest in some coins. Once you have gained experience and information, you will judge for yourself what is best for you to dig or trade. Good luck 

it's depends about the amount of money you have i see the price of ASIC about 2K and more + the costs that's in mining , but in trading you can start with any amount .

Mining is not profitable without large investments (about$ 15,000) now. I think it's easier for beginners to learn how to trade.

hello man
its really easy to buy bitcoin. just select one of the trusted site for transfering your money than  buy some bitcoin. Trasfer your bitcoins one of the trusted exchange but its really important that use hardware wallet for your security

Just look more carefully through the forum, you can find all answers if you can make an correct request.
good luck)

Hello.

I am sure you will find all the information you need checking Google. You are not alone in asking this question these days. Its easier to answer these questions if you stated what country you live in, because payment gateways and exchanges have geographic limitations.

F.eg.  If you live in Europe ( and need to transfer funds from bank) I would recommend:

1)Transfer funds to to Bitstamp /  buying Bitcoin/Ethereum from Bitstamp. 
2) For altcoins use an exhange like bittrex or bitfinex
3) Store your coins on a hardware wallet like trezor/ledger

Good luck