Topic: Trading or mining? - page 18. (Read 4807 times)
Mining is a very complex and expensive process, it requires knowledge of computer technology. Trade is more open, it is much easier to adapt to a beginner
I think if mining with limited mining tools will only make you lose because the return we will get will be difficult to cover the capital we spend
If you want to get profit on minning you ahould wait like a month. But if you start trading, its easier to see how you get profit everyday 
but not sure because trade has risk
well, those two things certainly have their own advantages and disadvantages. But, most people don't want to be bothered, so trading is a choice that most of them have chosen to date, and I think that is a natural thing. but not sure because trade has risk
This depends on your resources, capabilities and goals. If you have availability of continuous supply of cheap electricity, considerable amount of investment, no interest in technical charts and analysis, then go for mining. But if you don’t have these, are willing to spend long hours for understanding and researching the the market fully, and willing to take risks, and then go for trading.
If you want to get profit on minning you ahould wait like a month. But if you start trading, its easier to see how you get profit everyday but not sure because trade has risk
but not sure because trade has risk if you have little money , I think is good for trading and if your balance enough for bought miner .
for fast get more profit , trading is good choice more than mining altcoin or bitcoin , because you must wait return until 6-8 month for BEP.
you are right, in trading we can use a little capital to make a profit, then we can develop it to many times, many people get rich by becoming traders and I want to be part of them. for fast get more profit , trading is good choice more than mining altcoin or bitcoin , because you must wait return until 6-8 month for BEP.
if you have little money , I think is good for trading and if your balance enough for bought miner .
for fast get more profit , trading is good choice more than mining altcoin or bitcoin , because you must wait return until 6-8 month for BEP.
for fast get more profit , trading is good choice more than mining altcoin or bitcoin , because you must wait return until 6-8 month for BEP.
of course I will still choose to trade because with trading I can get profits without having to think about electricity costs and it is not too difficult to think of algorithms to solve blocks to get bitcoin.
I prefer trading than mining..
i find mining hugely complicated than trading , a lot of technicalities aside the fact that it will cost you a lot.
In trading i think it more easy for me to earn simply by buying the TOP 10 coins and holding them for long term.
i find mining hugely complicated than trading , a lot of technicalities aside the fact that it will cost you a lot.
In trading i think it more easy for me to earn simply by buying the TOP 10 coins and holding them for long term.
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Mining is require you to spend more time and money, and the economic problem is how long the payback period will occur? Some of first question you must answer is your electricity price at your residence? do you have knowledge of hardware? (optimize the hardware to bring best profit / $ you invested?)
I definitely agree with what you said cause the OP seems yet to have much experience in mining so there's possibility for him/her not to have better understanding of the mining hardware and my own advice is to invest in trading while you gather all the needed mining equipment (farm, rig etc). 
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.
Mining is not as simple as buy, setup and earn scheme
A lot of things to be considered, and a much higher risk awaits
Like:
mining Difficulty - difficulty today may not be equal for tomorrow and will greatly affects profitability
machine - maintenance, monitoring, phasing out over the years
Hazards/Safety - design a mining house, electrical and wirings
Heat/Noise - mining gears accumulate heat and need a proper ventilation or Cooling system in place
Permits - Other location requiring this if you build a farm
Budget - you cant mine profitably today in a hundred bucks
Now, Compare this to trading, as mention earlier by the people above
I have free electricity and I still have not started mining. Go have a read in the mining sections of this forum. Those guys will scare you out of mining in a few threads. I still don't know what to do at this point.
Mining is good, but not for Bitcoin. It is not true that spend so much money for mining during the price drops. But, in any case, there is no limit to what you can earn with trade.
Trading is better on currency circumstances because the rates are too low and power consumption is high so mining will not be profitable.
Sure, mining will never give you much money. Each year the awards of the miners are cut, and this business becomes less and less popular. Trading is much better and profitable.
Actually result of mining depends on what do you mine. In the long term conditions mining can provide you with stable income. But to get this profit you have to wait for a long period of time (may be 1-2 years or even more). As for trading, it is very risky, but if you have enough experience on it (especially on technical analysis), you can earn quick money, but you must remember that if you make a mistake, you either lose money or you have to wait like a miner. Personally I prefer to trade, especially young leverage.
Mining is require you to spend more time and money, and the economic problem is how long the payback period will occur? Some of first question you must answer is your electricity price at your residence? do you have knowledge of hardware? (optimize the hardware to bring best profit / $ you invested?)
I think trading can provide a lot of advantages over mining because with trading you are not too bothered to think about the difficulty level of mining and breaking the blocks to get bitcoin.
I can give a suggestion to do trading than mining because, in trading, you can expecting to make a big profit although you need to learn more about trading. but if you can learn some lesson about trading, I am sure that soon, you can make your first profit and you can continue to make the next profit. but in the mining, you need to buy the hardware, you need to calculate the electricity fee, you need to know what coins that will give you a big return, you need to know when you can reach your first ROI and else. so it is better to do trading than mining but I see that many people can get profit by doing both trading and mining at the same time.
There is a risk between both trading or mining. But the words are not business without risk. Where the risk is high, there are good and many more. But I give more importance to trading than mining. I like trading a lot, because I have gained a lot through trading.
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.
Mining is more profitable than trading but it needs a lot of money to start with. If can afford to buy that expensive equipment then you can start mining farm in your house but if don't have that much then I would suggest you to start trading. Though trading is also a lucky thing, then try to learn the basics to be able to succeed and earn enough to start mining.
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