Topic: mining or tranding? - page 2. (Read 2807 times)
Mining is more complex because it requires more expertise and a higher investment. While trading also requires expertise (to a certain extend) but you can start with any budget.
Trading is simple 
mining need some good of spec computer
mining need some good of spec computer
I'm learning a lot from this site, though I haven't posted for a while. I just kept on reading on some tips on what to do. I think I will try trading but I have to learn and read a lot about which coin I would put my money on too.
i do both i have the best of both worlds. My rig is 5 x gtx 1070 and hardware cost about 2.5k gbp(3200 usd). but i enjoy it more than trading, the rig was interest free as well for a year. electricity about 60 usd a month.
i invested about 800 dollars of cash as well out of this I bought a DASH mining contract for 475 dollars from Genesis, get about 2-3 usd a day from it, for 2 years.(so say 1.4k usd over 2 years hopefully) . i would have been better off holding it as btc but it was to stop temptation as it was all new to me.
My rig generates about 12-22 usd depending on coin, a day. i convert to btc or hold depending on how i feel.(if continues will pay for rig in 6 months). some coins are great return daily but a lot will mine them and if not much demand holding might lose money so sell to btc.
So just from mining i get 14-24 dollars a day which is not bad for me.
My trading is hit and miss i stick to the mainstream stuff as been burnt a few times in past, and there are no get rich quick ways.
Since i started in march i have about 1200 usd invested , i have withdrawn about 350 usd for costs to mine and convert to FIAT, still a big loss so far but give it another 6 months.
i invested about 800 dollars of cash as well out of this I bought a DASH mining contract for 475 dollars from Genesis, get about 2-3 usd a day from it, for 2 years.(so say 1.4k usd over 2 years hopefully) . i would have been better off holding it as btc but it was to stop temptation as it was all new to me.
My rig generates about 12-22 usd depending on coin, a day. i convert to btc or hold depending on how i feel.(if continues will pay for rig in 6 months). some coins are great return daily but a lot will mine them and if not much demand holding might lose money so sell to btc.
So just from mining i get 14-24 dollars a day which is not bad for me.
My trading is hit and miss i stick to the mainstream stuff as been burnt a few times in past, and there are no get rich quick ways.
Since i started in march i have about 1200 usd invested , i have withdrawn about 350 usd for costs to mine and convert to FIAT, still a big loss so far but give it another 6 months.
Do you think is more profitable mining or trading? Advantages and advantages of anything.
Trading.
For a start, you dont need to have huge technical capabilities or starting capital. Hell, even if you just became typical hodler, next couple of year will be profitable for you. There are many relatively low risk/high reward options then. Including lending bitcoin to others on interest or getting educated in technical analysis and potentially increase you share without further fiat investment.
There is very little reason for an individual just starting out to focus on mining in 2017.
I would combine it, because by trading you can get a good profit by spending not so big amounts of money. Buttt if you have a good rig which would cost you some money + electricity is not so expensive, than you can also mine. By combining those too you would be happy 
Do you think is more profitable mining or trading? Advantages and advantages of anything.
Both have pro and cons. IMO, trading is more risky but more ROI. Mining may take more time, but not sure about mining nowadays. Ermm..
Trading is much better. To start mining you need to have a lot of money to buy the equipments and you will need to pay expensive electricity fees, because it consumes a lot.
With the money you would use to buy the mining equipments you can start trading and the only taxes you will pay are the exchange fees and I'm sure it's much more cheaper than the electricity fees.
But you need to training first how to trade or you will waste too much money.
With the money you would use to buy the mining equipments you can start trading and the only taxes you will pay are the exchange fees and I'm sure it's much more cheaper than the electricity fees.
But you need to training first how to trade or you will waste too much money.
Trading is better because it requires no initial investment
Do you think is more profitable mining or trading? Advantages and advantages of anything.
If you will really invest a lot of money by buying some fancy equipments to make electricity cheap may it be solar and a good mining rig that would give you ROI better, then mining will be more profitable but if you will invest money that is not that big, Ill say that trading is more profitable but you need to have skills in analyzing and predicting to do trading. Do you think is more profitable mining or trading? Advantages and advantages of anything.
If you got a lot of money and willing to spend it for buying mining equipment then go for mining, but you need to buy fancy tools to get profit from mining, to do trading you need to have skill and you need to keep on updating your news, so you to spend your time to do trading and the profit from trading is not predictable
If you don't have the equipment for mining, then trading is much easier. You can trade with just a smartphone.
if you have money ==> mining is good.
For me trading is more profitable because I haven't really tried mining. In trading you can monitor everyday and even profit everyday if that's what you prefer but just make sure the coins you are putting your money on are active coins, mining they say is good too but electricity cost would be a major problem if so.
I agree, you profit more in trading and not worry about the cost of your electricity though there's a lot of possibilities in mining too though.
For me trading is more profitable because I haven't really tried mining. In trading you can monitor everyday and even profit everyday if that's what you prefer but just make sure the coins you are putting your money on are active coins, mining they say is good too but electricity cost would be a major problem if so.
Do you think is more profitable mining or trading? Advantages and advantages of anything.
One might lose less than the other, but I doubt that either would be profitable. Sorry, for being so negative, but some newbies are so naive, thinking they can earn money with no knowledge and no skill.
Do you think is more profitable mining or trading? Advantages and advantages of anything.
Both of them still profitable as long as you know how to do, but if you are late miners or dont have hardware to mine it's better to trade
Advantages of mining
1. You can mine everyday and forever
2. Everyday you have small profit, after ROI (hardware)
Disadvantage of mining
1. Electricity Cost
2. Wrong decision to mine a coin
3. Wrong hardware
4. Follow/buy hardware to increase your hash speed
Advantages of trading
1. No need to buy hardware
2. If you get profit, it will give you big profit
Disadvantages of trading
1. Risky for noob
2. Price volatility
3. Need to read news
4. No small profit after ROI
both of mining or trading for now are too risky.
Do you think is more profitable mining or trading? Advantages and advantages of anything.
Mining is too hard for common folk now and trading is like gambling. You can earn much fast, you can loose much fast.Thats it, nothing more to tell about it. If you want more about why mining is for professionals now, learn about it some before investing in mining equipment.
When you start in the cryptocurrency world, you should start learning the market and decide which option is best for you. Both options you can lose or make money, always a question of timing and the risk you are willing to take.
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