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Topic: Trading or mining? - page 20. (Read 4807 times)

member
Activity: 336
Merit: 10
August 24, 2018, 06:21:17 PM

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.
I believe that at this point you should only trade, not bitcoin mining, you can see that the market is downtrend and bitcoin prices will continue to fall, the current bitcoin price is only $ 6000 and will continue. The downward trend is in the coming time, which suggests that the risks are getting higher and the profits are lower. So I think you should only trade the day.
full member
Activity: 574
Merit: 105
Play Bitcoin PVP Prediction Game
August 24, 2018, 05:33:48 PM
I will do it trading because if I do mining the cost will take a lot. We need to cover fees for maintenance, electrical energy. In my country, Electrical energy is very expensive.
newbie
Activity: 185
Merit: 0
August 24, 2018, 05:26:56 PM
I prefer trading.
I can't afford the electricity bill of a miner
member
Activity: 228
Merit: 10
August 24, 2018, 05:18:31 PM
As for me mining is not actual for ordinary people, now it's about only mining-factories and big players I think...so - trading.
jr. member
Activity: 105
Merit: 1
August 24, 2018, 01:33:15 PM
at the moment I like mining, because if we trade we will definitely have a lot of losses, if we mine we will definitely have a lot of advantages, mining is the same as trading with the long term.
newbie
Activity: 112
Merit: 0
August 24, 2018, 11:48:56 AM
In my opinion, you should choose the transaction because the transaction will not take much time for you and can earn very high profits
newbie
Activity: 272
Merit: 0
August 24, 2018, 11:35:22 AM
I think we prefer trading, because for us it will also be easier to get more profits every day, because the altcoin prices every day also increase, so we will also find it easier to get more profits.
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
August 24, 2018, 11:32:36 AM
Both of these. Mining is a safe way to earn stable profit, then I will go to trade, if I win a big money enough, comeback to buy more miner.
Mining isn't easy to do. You need to prepare lots of thing first (I mean a lot) like costs of electricity and such. You can't just buy miner and then do nothing, mining is a tough task to do and at least you have to know the mechanism when doing it.
newbie
Activity: 82
Merit: 0
August 24, 2018, 11:02:45 AM
Both of these. Mining is a safe way to earn stable profit, then I will go to trade, if I win a big money enough, comeback to buy more miner.
newbie
Activity: 52
Merit: 0
August 24, 2018, 10:52:47 AM
It's better to trade than to wait for your miner to mine coins because trading makes your funds more fast to get profit. Mining is just for the people who waits for their miners, only that.
sr. member
Activity: 656
Merit: 250
August 24, 2018, 10:39:41 AM
If I were you and have enough money to start I will go for mining, this days is not good at this business but once the market rebounds it will be in-demand again I can see many rigs are at sale for now at low prices because of poor profit then its a good chance to buy more mining rigs and be ready once market fully recovered.
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
August 24, 2018, 09:52:04 AM
Personally, I prefer first of all to engage in trading and fix profits, as cryptocurrency can grow very quickly and their large numbers and mining them a lot not to cover, and the profitability is already reduced, if the equipment is not so powerful.
Indeed, setting up for a mining rig for bitcoin or altcoins would costs a lot for us. I also prefer trading since there are huge possibilities of getting a profit out of holding and trading after a while but it is very risky for some close minded and those who is short tempered trader. Trading is much easier than mining because mining requires maintenance on gears and electricity.
newbie
Activity: 49
Merit: 0
August 24, 2018, 09:19:40 AM
I prefer trading. Because on trading your profit is on the spot. Mining take's time to earn profit , Mining usually cost a lot more on equipment electricity etc
sr. member
Activity: 588
Merit: 250
August 24, 2018, 06:45:00 AM
of course I prefer to trade because with trading I don't really think about electricity costs and equipment maintenance, I just need the internet and can trade with my smartphone anywhere.
legendary
Activity: 3248
Merit: 1179
August 24, 2018, 06:19:29 AM

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.
I think you should not exploit altcoins. Because now the electronic devices to exploit altcoins are very expensive as the price of the altcoins are very cheap. You will risk very high losses when the market goes down. So I advise you not to dig now. Make a long term investment.

I prefer that you become a trader because investing on mining will be only profitable if your location has a low amount of electricity consumption.

How didn`t you learn by now, if you wish to have profitable miners you need to invest a lot of money, now equipment is very expensive, but if you have that money you will have steady income and in year or less you will earn enough to cover investment cost and after that you are making profit, steady profit, that will be lower as network difficulty rising, but have in mind that price should go up too. Trading is like gambling, you are risking what you have to make more. If you think that trading is an easy work you will lose a lot of money before you figure out what to do. You can sell miners later for some money, after you made a lot of profit, but if you get into some shit coin you will end up with nothing. Who have money should get into mining, who doesn`t have can try to make money with trading, but after some time you will see how hard that is actually.
full member
Activity: 364
Merit: 100
August 24, 2018, 05:44:02 AM

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.
I think you should not exploit altcoins. Because now the electronic devices to exploit altcoins are very expensive as the price of the altcoins are very cheap. You will risk very high losses when the market goes down. So I advise you not to dig now. Make a long term investment.

I prefer that you become a trader because investing on mining will be only profitable if your location has a low amount of electricity consumption.
member
Activity: 728
Merit: 11
https://streamies.io/
August 24, 2018, 03:46:55 AM

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.
I think you should not exploit altcoins. Because now the electronic devices to exploit altcoins are very expensive as the price of the altcoins are very cheap. You will risk very high losses when the market goes down. So I advise you not to dig now. Make a long term investment.
full member
Activity: 630
Merit: 100
August 24, 2018, 03:21:43 AM
Both cryptocurrency activities actually complement itself very nicely.  If you are trading,  you are likely going to mine a quality and profitable cryptocurrency  that will have good market value!
legendary
Activity: 2758
Merit: 1004
PredX - AI-Powered Prediction Market
August 24, 2018, 03:03:20 AM

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.
If you have little money then of course trading for you ,but if you have the amount and can wait for the mining .The fact that the cryptocurrency is now very subsided, and all mining farms incur large losses, but if you wait for the market to fly up you can get a very large profit.
Well, many people prefer to trade from Minning for now. we know that to do minning requires careful preparation, especially if you want to make something big. Well, those who focus on the real world might choose trading compared to Minning.
newbie
Activity: 168
Merit: 0
August 23, 2018, 01:32:17 PM

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.
If you have little money then of course trading for you ,but if you have the amount and can wait for the mining .The fact that the cryptocurrency is now very subsided, and all mining farms incur large losses, but if you wait for the market to fly up you can get a very large profit.
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