Topic: Mining vs Buying Altcoins, which option is better? - page 3. (Read 2890 times)
For me, I prefer the buying option. Personally I think that mining most of these altcoins are usually very stressful and might require a lot including time. So instead of going through all of that stress, and probably even not getting so much from it, I would rather just invest in the coin if I had money as at the time, or wait for a later time that I can.
If a market like this is declining like Bearish then the two are also not choices.
If you buy Altcoins, the price will continue to decline.
If you mine, the price will continue to drop from the coins you mine.
But I hope that all prices will rise again quickly.
If you buy Altcoins, the price will continue to decline.
If you mine, the price will continue to drop from the coins you mine.
But I hope that all prices will rise again quickly.
For me if you can invest in the mining software you can do mining, but in doing the mining it is too expensive because if consume more on your electricity then if you do not have a money for the mining software you can do trading, in trading you can invest what you can invest you do not over invest. But in doing the trading and mining you have to study it first because if you do not know something you might lose what you have invested. For me the key for earning big is you have to study and be patient in earning big.
It's best if you do both 50% of capital for mining and 50% for trading. Profit from mining is stable but trading is more profit.
Why choose ?
Try buying, trading AND mining. Yes, it will cost more but you will gain more knowledge which will pay you a profit in the future.
And if you mine, try to mine new coins before they get on an exchange.
Try buying, trading AND mining. Yes, it will cost more but you will gain more knowledge which will pay you a profit in the future.
And if you mine, try to mine new coins before they get on an exchange.
Mining Is good .
But you just need to buy a good Quality of PC or System Unit With Many GPU.
so that you can Earn More.
While In Buying altcoins Just try to Investigate about Current Issues about them before buying
you might regret if it Breaks Down Price Real Quick.
But you just need to buy a good Quality of PC or System Unit With Many GPU.
so that you can Earn More.
While In Buying altcoins Just try to Investigate about Current Issues about them before buying
you might regret if it Breaks Down Price Real Quick.
I go with buying.
That's a better choice in my opinion too. Mining is an expensive activity requiring you to invest a lots of money while it depends on your convenience and also the availability of funds that you have with which you can buy altcoins. So I would go with buying too.
I go with buying.
That's a better choice in my opinion too. Mining is an expensive activity requiring you to invest a lots of money while it depends on your convenience and also the availability of funds that you have with which you can buy altcoins. So I would go with buying too. What do you think guys is the best to do at the current market situation - are people better of mining cryptos rather than just buying them from market exchanges and wallets?
I think mining is more effective rather than buy from market exchanges because i just spend some money (capital) for mining device at first Time, but if you buy from market exchanges you must spend your money more than once/ recur
That's your own idea mate and for me I don't believe that mining ideas got higher profits rather than trading at market exchanges. In fact if you had bought a coin to trade like ethereum from previous days last July, and right now the price value really increased very promising. So if that insights would justify the means on what you've been saying against trading at markets, I think you're wrong mate, and that miners you had really costs a lot of energy; yet hardwares being used will generate higher maintenance cost which came to a point that everything will be break even or less profit gains.
I give you the diffeence between trading and mining but for me the best is trading if you have knowledge from it.
Trading - It is the best option for me but before doing this you need alot of knowledge about altcoins and bitcoins speculations it's just like gambling but more on knowledge and Researching is your weapon to be successful in trading you need alot of experience.
Mining - Mining is not easy too because you need to spend alot of money to buy good GPU and computer hardware because in mining you need a good specs of computer to be used to mine altcoins and bitcoins and you need to calculate the electricity that you need to pay monthly.
Earning bitcoins is not easy you need a knowledge but it's worth when you learn and you get alot of experience.
Trading - It is the best option for me but before doing this you need alot of knowledge about altcoins and bitcoins speculations it's just like gambling but more on knowledge and Researching is your weapon to be successful in trading you need alot of experience.
Mining - Mining is not easy too because you need to spend alot of money to buy good GPU and computer hardware because in mining you need a good specs of computer to be used to mine altcoins and bitcoins and you need to calculate the electricity that you need to pay monthly.
Earning bitcoins is not easy you need a knowledge but it's worth when you learn and you get alot of experience.
What do you think guys is the best to do at the current market situation - are people better of mining cryptos rather than just buying them from market exchanges and wallets?
I think mining is more effective rather than buy from market exchanges because i just spend some money (capital) for mining device at first Time, but if you buy from market exchanges you must spend your money more than once/ recur
each one can make you good profit, just choose the one you have more knowledge about.
trading could be a bigger win but need to have knowledge of market and possible growing of the coin you choose.
mining will provide you more predictible income. the problem it's the time for a return on investement could be longer
What do you think guys is the best to do at the current market situation - are people better of mining cryptos rather than just buying them from market exchanges and wallets?
I think mining is more effective rather than buy from market exchanges because i just spend some money (capital) for mining device at first Time, but if you buy from market exchanges you must spend your money more than once/ recur
Looks like the question has been answered a few dozen times already; but there are a few coins you can mine with common hardware. The trick is to find a coin early before the heavy hitters get into it, but you're likely to spend your hardware, time, and energy on a coin that doesn't go anywhere. Not every coin is BTC.
i think i will choose buying or i like to say trading, but in this case you should buy on cheap and sell on high price,,
you can choose one of many coin thats good for long term investments,,
mining is good too, but you need to buy mining equipment with huge price at this moment..
you can choose one of many coin thats good for long term investments,,
mining is good too, but you need to buy mining equipment with huge price at this moment..
Mining requires (in most of the cases) special hardware. To see which option is better you should take in consideration a lot of factors, such as electricity prices in your country and if you already own some of the hardware you will need.
Of course there are a lot of different currencies, some types of mining require less energy and hardware, such as with coins that use Proof of Stake instead of Proof of Work.
Of course there are a lot of different currencies, some types of mining require less energy and hardware, such as with coins that use Proof of Stake instead of Proof of Work.
First I thought that trading is better for me because I can handle it, unlike mining. I was trading on cex.io and it was ok, it is really good for beginners. Then I decided to try mining and surprisingly everything worked out. So it really depends on your willingness and effort. Probably you should try both to decide which option is more suitable for you.
Your choice.
But both needs capital. Good thing about buying is you could buy little by little without being forced.
With mining you will need a high amount of money for the expense of the equipment. You cant buy it one by one or you will be wasting a lot of time before you could install all of it and start mining. Then, you will have the problem with electricity bill.
With trading, there is risk which could make you broke in an instant.
But both needs capital. Good thing about buying is you could buy little by little without being forced.
With mining you will need a high amount of money for the expense of the equipment. You cant buy it one by one or you will be wasting a lot of time before you could install all of it and start mining. Then, you will have the problem with electricity bill.
With trading, there is risk which could make you broke in an instant.
I think mining is much more interesting for me, you can learn much knowledge about this coins, how it works and meet many friends in this community.
mining is good but not better than trading.
In mining you can find very little returns where in trading it is not impossible to your make money double.
In mining you can find very little returns where in trading it is not impossible to your make money double.
That's up to the price , if the price is under mining cost, you should buy it from exchanges, if the price is higher than mining cost, you should mine it for sure.
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