should i care about mining as a trader?

samputin

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Quote from: CrypTrends on August 23, 2017, 12:21:32 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

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Quote from: CrypTrends on August 23, 2017, 12:21:32 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

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Quote from: alani123 on August 27, 2017, 05:28:56 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

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Quote from: CrypTrends on August 23, 2017, 12:21:32 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

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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

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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

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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

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Quote from: CrypTrends on August 23, 2017, 12:21:32 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

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

because your mission is feed to miners.

YTBitcoin

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Quote from: kingntking on September 12, 2017, 02:50:20 AM

Quote from: CrypTrends on August 23, 2017, 12:21:32 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

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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

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Quote from: omonuyak on August 23, 2017, 03:01:09 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

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Quote from: CrypTrends on August 23, 2017, 12:21:32 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

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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

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Quote from: CrypTrends on August 23, 2017, 12:21:32 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

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Quote from: VanDeinsberg12 on September 12, 2017, 06:58:54 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

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

Hamphser

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Quote from: Tamilson on September 12, 2017, 06:14:02 AM

Quote from: kingntking on September 12, 2017, 02:50:20 AM

Quote from: CrypTrends on August 23, 2017, 12:21:32 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

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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

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Quote from: kingntking on September 12, 2017, 02:50:20 AM

Quote from: CrypTrends on August 23, 2017, 12:21:32 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.

Bluestreet

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Quote from: CrypTrends on August 23, 2017, 12:21:32 PM

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

Yes you must care about mining even if you are a trader as there have been many instances when the mining power shifted from bitcoin to bitcoincash and the price also fell down due to that effect.

kingntking

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Quote from: CrypTrends on August 23, 2017, 12:21:32 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.

alani123

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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.

romani245

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Quote from: frowsiter on August 27, 2017, 03:06:32 AM

Quote from: CrypTrends on August 23, 2017, 12:21:32 PM

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

Don't find any logic behind connecting them. I know mining of one coin would add up the more value to it but that is too diluted speculation. The investment made by whales, that is big volumes and exchanges would actually affect the price of coin. The mining is another side of the coin, it is connected but not on large scale.

It will just add up new coins, it will confirm the transaction on blockchain etc that's the main principle of mining. As trader you should focus on investments made to that coin on daily basis.

I don't see it this way. To mine, you need to invest in hardware, and then you need to decide which coin to mine with that hardware. That's investment. Miners are investors, and they are more likely to be holders than traders. In general, miners will only sell to cover overhead (and otherwise hold for investment), otherwise they would simply buy rather than mine.

Kyraishi

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Quote from: CrypTrends on August 23, 2017, 12:21:32 PM

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

as a trader you should always be on the look out for news.

Mining is a big part of bitcoin politics, and politics is what influences the price a lot of the times. So by listening or looking at what miners are saying you can often get an edge over your competitors or at least get a clearer image of what's happening and make an informed decision out of that.

You don't need to mine to care about mining, that's for sure.

All you need is be up to date with the latest miner news updates. It'll help you a lot with day trading.

olushakes

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For me, I don't mind the miners they do their thing while I do my thing the crypto space is enough for everyone to make sure everyone can feature very well in all spheres and with one not affecting the other. Miners make money by making the transactions go through while I as a trader makes that possible by carrying out those transactions. So, we all contributed our quota to the success of things.

frowsiter

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Quote from: CrypTrends on August 23, 2017, 12:21:32 PM

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

Don't find any logic behind connecting them. I know mining of one coin would add up the more value to it but that is too diluted speculation. The investment made by whales, that is big volumes and exchanges would actually affect the price of coin. The mining is another side of the coin, it is connected but not on large scale.

It will just add up new coins, it will confirm the transaction on blockchain etc that's the main principle of mining. As trader you should focus on investments made to that coin on daily basis.

jmigdlc99

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Yes, you should definitely care about mining. The first reply pretty much sums up why:

Quote from: dothebeats on August 23, 2017, 12:49:25 PM

As a matter of fact, yes. Though you are not directly knowing what's happening in the scene, you should still know some important things about it. First is the date of their payout. Usually I use this one since some miners just carelessly dump their mined coins in the market without knowing the price. This could be turned into a profit later on if the price went down hard. Next is whether there are a significant amount of hash power directed towards the coin you're interested in. More hash power = more support and probably more interest in the said coin.

But simply put, you need to know whats going on with the coin not only in terms of value, but in all other aspects as well, project development, mining, road map, etc.

Vikingr

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Quote from: lovesybitz on August 24, 2017, 03:42:08 AM

Quote from: CrypTrends on August 23, 2017, 12:21:32 PM

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

Yes it is mate, because all what happened now bitcoin mining or altcoin mining has a big connection on what's happening in this field of industry. even for the price value of bitcoin. I know time will come that if your profit is enough you could have your own mining rig in your home then you will one of the mining supporters of bitcoin.

Absolutely it is. As said here that there is a strong connection between bitcoin mining and what all happening with bitcoin price day by day. So yes if you are interested to make things good and if you have enough profit by it then you can be a supporter of mining and there will be your play in market ups and downs.

n4poleon

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Yes, miners are the ones responsible of your transactions being confirmed when you're doing deposits and withdrawals at an exchange. Without them I don't think liquidating your position is possible. Plus they are the ones putting new bitcoins in circulation.

mrayazgul

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Quote from: virasog on August 26, 2017, 12:37:23 PM

My name isn't going to produce anything for you. The only reason to mine in the past before trading was to put together your starter cash. There's simply no way that's going to happen these days. The only time we mine anything at all is some of the brand new coins and then we quickly mine a bunch of coins and hold those to see what happened to us of them. But for trading, your starter money pretty much has to come from your finances..

Granted you could start for a small about like $20 , just as long as you're not betting anything that you can't afford to lose, and yeah I used the word betting on purpose, lol.

virasog

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My name isn't going to produce anything for you. The only reason to mine in the past before trading was to put together your starter cash. There's simply no way that's going to happen these days. The only time we mine anything at all is some of the brand new coins and then we quickly mine a bunch of coins and hold those to see what happened to us of them. But for trading, your starter money pretty much has to come from your finances..

Yuhee

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Quote from: lovesybitz on August 24, 2017, 03:42:08 AM

Quote from: CrypTrends on August 23, 2017, 12:21:32 PM

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

Yes it is mate, because all what happened now bitcoin mining or altcoin mining has a big connection on what's happening in this field of industry. even for the price value of bitcoin. I know time will come that if your profit is enough you could have your own mining rig in your home then you will one of the mining supporters of bitcoin.

Well its up to the owner also. Because for me i am not a miner but at least i know how mining helps the blockchain in the transactions. Though if you can do both then its better. But i guess if you are already a miner, trading is not really a good thing for you. There are many kinds of miners and technologies for mining so i guess those who uses GPU still are in trading for extra profit. All maybe are trading but what you mine you will sell it also so its just the same.

lovesybitz

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Quote from: CrypTrends on August 23, 2017, 12:21:32 PM

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

Yes it is mate, because all what happened now bitcoin mining or altcoin mining has a big connection on what's happening in this field of industry. even for the price value of bitcoin. I know time will come that if your profit is enough you could have your own mining rig in your home then you will one of the mining supporters of bitcoin.

MiXxe

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Quote from: CrypTrends on August 23, 2017, 12:21:32 PM

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

Yes ,it is one of the assets or specifications in a Altcoin. We can say that you are not directly affected if you don't know but you should be include it in your researches in a altcoins that you are investing . In my knowledge mining or the amount to be mine will contribute and related to the supply of a coin like bitcoins or bitcoin mining etc..

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Quote from: CrypTrends on August 23, 2017, 12:21:32 PM

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

You will only care if you really have a mining rig because mining depends on how strong is your gpu because it has different hash power. But in terms of pricing in the market place, yes it affects the movements of the price because coins that will be mined will eventually sold to the market and the demand will decrease.

xuan87

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Unfortunately yes, mining is one of the way to earn, trading is based on supply and demand, so mining can add more supply and that can caused the price to change and by mining we can see how many people that is interested in that coin, as a trader we need to see a lot of factors to speculate and mining is one of that factor

john2231

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I think you don't need to know about mining if you are a traders because you are just analyzing only the movement of the price.
Mining equipment is just a miner that can mine altcoin or bitcoin.. But there is 2 types of coins Pow and Pos
in Pos you don't need high specs of computer to mine altcoin and PoW are need to buy equipments from bitmain or for altcoin you need to build high core speed or high GPU specs to mine with fast hash rate.. that i thin also need to care if you are using your mined coins to trade but if you are just a trader and you have all capital to invest in buying altcoin well i think you don't need to care about mining ..

CyberKuro

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Quote from: dothebeats on August 23, 2017, 12:49:25 PM

As a matter of fact, yes. Though you are not directly knowing what's happening in the scene, you should still know some important things about it. First is the date of their payout. Usually I use this one since some miners just carelessly dump their mined coins in the market without knowing the price. This could be turned into a profit later on if the price went down hard. Next is whether there are a significant amount of hash power directed towards the coin you're interested in. More hash power = more support and probably more interest in the said coin.

Consider hash power and how much the miners could generate coins, yes it could be useful in case of these miners sell out their coins.
But, doesn't mean coins prices will be dump hardly. The day of their payout is daily obviously for the big miners and there is no way to know when they will sell it, whether daily, weekly or whenever they need to.

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Quote from: omonuyak on August 23, 2017, 03:01:09 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.

Your word is senseless. The mining has the different purpose with trade, The trade just to generate a bunch of money for your life and mining just to keep the decentralization of the network. By the way you may need to read again about the difference between trading and the mining.

omonuyak

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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.

mobnepal

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Supply and demand plays a key role in bitcoin trading, new coins are generated on every 10 minutes through mining that can affect supply of the coin so yes you should care about current mining difficulty, total mining power, next difficulty adjustment date and many other technical details/updates if you are trading bitcoin.

Along with news and updates, shift of mining power between bitcoin and its clones can easily affect the price like it have affected few days ago.

gamerfan

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Yes, you could care because mining specs, mining time, mining reward, etc. all these things can influence market price and coin growth. I think before investing in a coin you should know all the main informations about this coin.

dothebeats

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As a matter of fact, yes. Though you are not directly knowing what's happening in the scene, you should still know some important things about it. First is the date of their payout. Usually I use this one since some miners just carelessly dump their mined coins in the market without knowing the price. This could be turned into a profit later on if the price went down hard. Next is whether there are a significant amount of hash power directed towards the coin you're interested in. More hash power = more support and probably more interest in the said coin.

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

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