Topic: Minning vs. Trading (Read 1072 times)
Both are alright anyways Mining if you know what to do or Trading if you know what to do !
Depends on currency. Bitcoins I would trade, but some of the newer ones (with larger supply) are pretty good to mine. I'm working on getting a Doge Coin GPU miner up.
I prefer trading
Do both.
Mine some easy alt coin based on your setup and trade it to your preferred coins on cryptsy.com.
Mine some easy alt coin based on your setup and trade it to your preferred coins on cryptsy.com.
mining > trading
i have two jupiters hashing away. you telling me you'd rather trade large volumes? i have guaranteed btc.
i have two jupiters hashing away. you telling me you'd rather trade large volumes? i have guaranteed btc.
Both is the way to play it...
What hardware do I have to use if I want to be mining bitcoins?
If you are faint hearted / want an assured coin income / have ethical concerns (applies mostly to participating in pumps/dumps) -- then mining is the way to go.
On the other hand, if you are experienced and can take losses and gains in your stead and are aggressively looking to increase number of coin holdings, then trade.
Most people do a bit of both.
On the other hand, if you are experienced and can take losses and gains in your stead and are aggressively looking to increase number of coin holdings, then trade.
Most people do a bit of both.
Mining is for fun and occasional profits, trading btc is a great way to learn how to trade assets and commodities on real markets.
By this very quote are you implying that BTC is not real?
Trading is profitable now
Definitely trading over mining, but trading gives people heart aches as the price fluctuates. I would've said mining months ago seeing today's price, but since the big hashers are all set up now, I don't feel like it's worth it.
trading need lot of time and patience, you need to buy at low price (obv.) and hold money to make more profit.
mining you have regular income but need invest
mining you have regular income but need invest
Mining is fun and unless you invest significant amounts into mining equipment it's definitely not worth it.
Trading is where the profits are.
Trading is where the profits are.
Mining is for fun and occasional profits, trading btc is a great way to learn how to trade assets and commodities on real markets.
It's really easy to get wiped out trading.
Mining is a high up front cost and if you are thinking of mining there are probably a few thousand others thinking the same thing.
Mining is a high up front cost and if you are thinking of mining there are probably a few thousand others thinking the same thing.
It is fine to wait for Bitcoin to go up if one sees it merely as a store of value. If one sees it as a means of exchange, it is just as important to spend it (not trade it for fiat).
Invest; and sell goods and services for bitcoin. Mining seems to be profoundly wasteful and unproductive with the intransigence of the mining companies these days!
good idea, invest and wait for bitcoin grooving up (1000?)
Cryptocurrency can benefit any one who makes the effort, trading or mining. Finding, then mining a coin that is up and coming is more beneficial than mining Bitcoin at this point. This requires the same level of diligence as trading, incorporating ability to find and exploit trends. If you do not have a PC capable of mining, you can still make money trading. Both mining and trading require an upfront investment in the form of actually building your PC or purchasing Bitcoins for trade. Really it all depends on your PC. There is no harm in mining if your PC can handle it, even building a PC to mine is worth it. Trading is riskier as you have to deal with people and know when to spot pumping or attempts at a pump and dump. (Trades meant to drive speculation usually through conspiring with others). What I can best advise is to show us your PC specs. Given that we can help you figure out if mining is worth it. If you cannot but still have the money to invest in Bitcoin or other cryptocurrency, it is just as viable.
Invest; and sell goods and services for bitcoin. Mining seems to be profoundly wasteful and unproductive with the intransigence of the mining companies these days!
The two things at once is the key.
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