Right now it's better to do trading than buying expensive mining rigs due to its increase difficulty and fluctuating price value. It's way more better to capitalize on buying cheaper crypto currency than investing your money in expensive video cards and rigs plus electric bills and make small profit.
Yes, trading is always an option, even when you have less money, you can still do it. Well, I guess, Minning requires bigger money compared to trading for now. besides that Minning requires special attention 
Topic: Trading or mining? - page 17. (Read 4807 times)
I prefer to mine, if we mine we just wait for our profit, even if we trade with the long term, if we trade we need a lot of capital, develop it if we want a lot of profits.
you need to calculate how much your electricity fee and if you think that you are fine with the fee, then you can choose to mine. but if you think that you spend more money on the electricity fee, then I don't think that you can choose to mine because this is not profitable for you and you can choose to trade. although trading needs time to make a profit, at least you have a chance to make money and you have the opportunity to have a new investment in your future.
In my opinion when it comes to the cryptocurrency world we should know as much knowledge as possible. However, each person has a trade or mining perspective. According to mine, it needs a large amount of capital. You should be knowledgeable about the code and the machine to be able to handle every possible error. Capital is large enough to not be shaken when the market is burning, mining is not enough for electricity. Trade does not need capital but we need to master the psychology to be able to overcome the signal of the market fool. But trading in the present is quite difficult because of the small or not enough to make profit. Whatever good luck you with your decision
Right now it's better to do trading than buying expensive mining rigs due to its increase difficulty and fluctuating price value. It's way more better to capitalize on buying cheaper crypto currency than investing your money in expensive video cards and rigs plus electric bills and make small profit.
I preferred in trading than mining, in mining it is risky to invest in any sites because theres a lot of ponzi scheme there. You have do be careful in investing in mining if you dont want to be scam, you should have a research in the site you want to invest.
I prefer to mine, if we mine we just wait for our profit, even if we trade with the long term, if we trade we need a lot of capital, develop it if we want a lot of profits.
Not all the time fella
you might be mining at a loss if you do that today and have no cheap electricity
You don't actually need a lot of capital to do trading
a single mining bitcoin mining ASIC machine would cost around 499 bucks + shipping + operations cost, Electric, internet
compare it to a 500$ initial capital on trading with no operations cost and maintenance headache.
Choosing to earn a coin you can join the dugout team by equipping you with equipment as well as you need to equip a lot of time after you successfully dig the coin you will receive bonuses.
For me, i always go with trading because everything depends on research and patience with the trading but whereas through mining we always need to spend a lot of money for improving mining hardware in order to decrease the difficulty level. So with trading with very less amount of money compared to trading.
If you want to do mining then you have to spend a lot of money to buy mining hardware. Trading would be better, as you can start with a small amount of money.
Nice set of trades you made there! I suck at trading so tend to stick to the long-term hodling / investing mindset, which has worked out fairly well for me. When I try short term trading, I tend to sell too soon or set stops which often get taken out, only to have the coin bounce back a bit later. Kudos to you for being able to surf the waves!
I prefer to mine, if we mine we just wait for our profit, even if we trade with the long term, if we trade we need a lot of capital, develop it if we want a lot of profits.
Mining is not very profitable at the moment as the difficulty increased dramatically without a corresponding increase in the price of coins, maybe it will be when we enter another bull run, I prefer mining , trading is for expert hands ,else you will trade to lose money
Glad someone knows. For now, Mining is only profitable for big organizations with large mining farms. People with small mining rigs have struggled to make profit after cutting off the mining expenses. You're better off trading. Even if the market is bearish now, those profits are better than mining.
Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.
Actualy booth of this are good investment into the worlds of cryptocurrency but i much preferable to choose the investment trading than mining,because my resources are not capable to goes into the mining crypto investment,because you much spend more gadgets or rigs in order to create a mining capabilities,unlike investment only you needs a capital to invest and a strategy on how to make a good investor .
Mining is not very profitable at the moment as the difficulty increased dramatically without a corresponding increase in the price of coins, maybe it will be when we enter another bull run, I prefer mining , trading is for expert hands ,else you will trade to lose money
Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.
Actualy booth of this are good investment into the worlds of cryptocurrency but i much preferable to choose the investment trading than mining,because my resources are not capable to goes into the mining crypto investment,because you much spend more gadgets or rigs in order to create a mining capabilities,unlike investment only you needs a capital to invest and a strategy on how to make a good investor .
Lost a lot of money mining. One on a mining scam which shut down without payouts and one being Hashflare.....
For trading.....I personally use the orderbook on very high volume coins to try and tell where the next swing is going to be (up or down). I learned it here: Voodoo Crypto Discord for those interested.
Let me know what you all do and your successes.
For trading.....I personally use the orderbook on very high volume coins to try and tell where the next swing is going to be (up or down). I learned it here: Voodoo Crypto Discord for those interested.
Let me know what you all do and your successes.
I did mining since december 2017 and it was hardly profitable up until now, the difficulty levels are too high and prices too low.
There have already been a lot of good responses before mine, so I'll keep it short. At this point, you need a large sum of money to invest in equipment, a large amount of time to learn how to properly handle it, and patience when market price goes down and difficulty up. All that for mining bitcoins.
However, trading is a risky business but comes with a lot less painful losses if you want to quit. You control the amount you wish to use when investing in coins and can set up strategies limiting your bad orders. So, I would wholeheartedly advise trading at this point. Read about how to trade bitcoins in this guide to get a feel for what you should learn and how https://www.cryptocointrade.com.
However, trading is a risky business but comes with a lot less painful losses if you want to quit. You control the amount you wish to use when investing in coins and can set up strategies limiting your bad orders. So, I would wholeheartedly advise trading at this point. Read about how to trade bitcoins in this guide to get a feel for what you should learn and how https://www.cryptocointrade.com.
it seems I prefer to trade and grow assets that I have by trading because with trading I don't really think about the condition of mining which is very difficult to maintain.
of course I would choose to do mining because with mining I can get bitcoin and some other cryptocurrency without having to buy and without fear if the price falls.
Jump to: