should i care about mining as a trader?

samputin

sr. member

Activity: 1036

Merit: 294

Quote from: CrypTrends on August 23, 2017, 01:21:32 PM

should i care about mining as a trader? does it affect the coins in anyway?

For me its a yes.. because mining is a part of getting any kind of coins or a way of earning it.. it can also influence the coins market.. and ofcourse in mining basically is for your source of fund so if you care for mining you have a source of coin to go on trading because you have fund.

celested

full member

Activity: 211

Merit: 100

Quote from: CrypTrends on August 23, 2017, 01:21:32 PM

should i care about mining as a trader? does it affect the coins in anyway?

Mining is extremely important for bitcoins. This is not something anyone can do. If you exploit you will be rich, it will help you create your wallet. You know a bitcoin worth 104 million. I also want to but do not know how to do this?

ss890

sr. member

Activity: 644

Merit: 263

Quote from: alani123 on August 27, 2017, 06:28:56 AM

Well, yeah. Miners can have a direct impact on prices so you should watch for threats. BCH is a threat on bitcoin as miners flee to it as profitability changes every so often. Also pools mining empty blocks promote bitcoin's transactions being expensive and thus limiting adoption. You should watch for sudden moves from miners.

But I will belivevthats important when they are making big trades in that particular coin. Aldo it won't be affecting on mass scale as long as they are being left from the mining and there are no miners left for confirming the transaction. In regard with value of that coin it will fluctuate more often with investment rather than the mining of that coin. The mining operation would be slow and it will take time to show the direct effect on your coin. Plus check the nature of your coin too because not all of them are mineable. ;-)

palle11

sr. member

Activity: 2310

Merit: 332

Quote from: CrypTrends on August 23, 2017, 01:21:32 PM

should i care about mining as a trader? does it affect the coins in anyway?

I would say that mining and trading are different in the sense of purpose. They are not meant to achieve same goals. For instance, trade is to make profit and mining is for sourcing. Hence they are mutually inexclusive but independent from another.

moopser

newbie

Activity: 90

Merit: 0

Too much opinions and every has a grain of truth.

I guess that every trader should know basics about mining and track all coin related news considering mining, but still keeping focus on trading.

SvenBomvolen

hero member

Activity: 588

Merit: 500

Of course you should. I have noticed the tend that than less bitcoins to stay (for now it's mined over 15 millions of coins) than higher price for it. So when the time will come when all coins are going to be mined the price should be unbelievably high and that's the point of your trading.

oreits11

full member

Activity: 168

Merit: 100

as with the casuals miner entering market as moderating returns of release of news and regulation from the developer and the exchange, the decision with the mining gains as miner might defines of one with the limit of expends as focusing priors to work of one amongst the two option.

kingntking

member

Activity: 98

Merit: 11

Quote from: CrypTrends on August 23, 2017, 01:21:32 PM

should i care about mining as a trader? does it affect the coins in anyway?

These are two different things entirely, a miner and a trader. You cannot partake in both and expect to be good in both or to make profit from both, one of them has to suffer great loss if you are going into both simultaneously.

PAKYU

sr. member

Activity: 400

Merit: 250

you don't to care about mining as a trader. Grin

because your mission is feed to miners.

YTBitcoin

hero member

Activity: 686

Merit: 500

Quote from: kingntking on September 12, 2017, 03:50:20 AM

Quote from: CrypTrends on August 23, 2017, 01:21:32 PM

should i care about mining as a trader? does it affect the coins in anyway?

As a trader what you should be bothered about should be making profits from trading and not mining, if you decide to go into mining and trading and mining together you would lose focus and your trading is going to suffer.

Absolutely! Trading and mining are entirely different things and are not related to one another in anyway. If you have stepped in as a trader, then you should only be concerned about how well you can perform in your field than wasting your time in thinking about mining. Trading is more than one can even think of.

iram3130

legendary

Activity: 1512

Merit: 1010

ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

I think every trader should know the basic ideology about mining of the coins which they trade. Because if every Miner stops then there won't be any meaning to the price of that coin, There will be no supply.

joganuts

full member

Activity: 355

Merit: 100

Gric Coin - Redefining Agriculture and Increasing

Quote from: omonuyak on August 23, 2017, 04:01:09 PM

Yes you are trading and you have to do that in other to be able to profits from the mining business. Mining though look like farm but you should understand that you are trading within the network. Trading is buying low and sell high for profit and we have to see mining the same.

Mining usually deals with time in accordance to crypto-currency mining. Hence, we should always keep in mind that the real issue on trading is basically the principle of law of price and demand where the stock rate or bitcoin has a vital point on the development of price of bitcoin. So the best way to do is to analyze and continue the learning process.

valentine401

full member

Activity: 378

Merit: 100

Quote from: CrypTrends on August 23, 2017, 01:21:32 PM

should i care about mining as a trader? does it affect the coins in anyway?

I am not sure if this is the right answer to your question. The currency is depending on the supply and demand of a coin. Mining does really affect the market because they are the source for the bitcoin to circulate. In my opinion the increase and decrease of value will be depending on the miners. But still try to look for different news.

Dart18

sr. member

Activity: 1400

Merit: 259

Yes you do need to know it. Specially, when it is a new coin that you will be buying.
With bitcoin it can affect the economy of it.
But dont go deep or your mind will blast. Just a little about the mining services specially with how it works with the transactions. Just dont look at the hardwares, I cant understand that. Grin

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: CrypTrends on August 23, 2017, 01:21:32 PM

should i care about mining as a trader? does it affect the coins in anyway?

Don't do that, mining and trading is different activity and strategy. Care about what you're doing and leave others thing. No effect/ impact to the coins anyway, " different activity and strategy ". Trading, mining, investment is only ways to make profit and grow up your fund. Just take one and leave the others, focus and also keep practice. Have a nice day.

albertvert

sr. member

Activity: 322

Merit: 250

Quote from: VanDeinsberg12 on September 12, 2017, 07:58:54 AM

no point of caring to these miners as a trader, you trade for the price not for the mining block or else. i actually don't care about them when i do trade, but if there's some rumours that seem to involve miner and have potential to get them away from a coin, then it'll disaster for that coin and the price might just drastically getting down.
as a trader, there's 3 points you should care about: news, rumours, and the price movement.

Ya true. In trading you should consider the news about the price and rumors about the price of bitcoin and the Variation of price of bitcoin each hour to hour. You have to check the price of certain period of time. Buy when the price is low and sell when the price is low. This is the therapy for trading.

Specterminate

newbie

Activity: 42

Merit: 0

Mining and trading are two completely different things and can't be compared. Mining involves hardware, trading involves taking risks and thinking

Hamphser

sr. member

Activity: 2534

Merit: 332

Quote from: Tamilson on September 12, 2017, 07:14:02 AM

Quote from: kingntking on September 12, 2017, 03:50:20 AM

Quote from: CrypTrends on August 23, 2017, 01:21:32 PM

should i care about mining as a trader? does it affect the coins in anyway?

As a trader what you should be bothered about should be making profits from trading and not mining, if you decide to go into mining and trading and mining together you would lose focus and your trading is going to suffer.

Yeah I agree. You're a trader and not a miner so just focus in trading. As all we know mining requires you some fortune and instead of having profit you'll just ended up losing. Better to think it many times before you pursue it.
And you should study which coin is really promising to mine. Like some miners mine without thinking tha they are mining shitcoins. The investment their hoping turned to nothing.

If you are a newbie miners for sure you would mine shitcoins for sure but there are some advantage because the only thing you do wasted on mining them is your time since you can anytime mine with other coins as you like.which means you do have a wide range of possible coins to be mined but if you dont have any knowledge or interest on this one better to stick into trading.Dont mind about the price because it does really decrease no matter what,this is how volatility works.

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

no point of caring to these miners as a trader, you trade for the price not for the mining block or else. i actually don't care about them when i do trade, but if there's some rumours that seem to involve miner and have potential to get them away from a coin, then it'll disaster for that coin and the price might just drastically getting down.
as a trader, there's 3 points you should care about: news, rumours, and the price movement.

Tamilson

hero member

Activity: 1022

Merit: 503

Quote from: kingntking on September 12, 2017, 03:50:20 AM

Quote from: CrypTrends on August 23, 2017, 01:21:32 PM

should i care about mining as a trader? does it affect the coins in anyway?

As a trader what you should be bothered about should be making profits from trading and not mining, if you decide to go into mining and trading and mining together you would lose focus and your trading is going to suffer.

Yeah I agree. You're a trader and not a miner so just focus in trading. As all we know mining requires you some fortune and instead of having profit you'll just ended up losing. Better to think it many times before you pursue it.
And you should study which coin is really promising to mine. Like some miners mine without thinking tha they are mining shitcoins. The investment their hoping turned to nothing.

Topic: should i care about mining as a trader? (Read 1047 times)