Topic: Trading or mining? - page 24. (Read 4807 times)
If you have the budget to make it happen and the electricity cost is not a big issue then go with it. But if any of those is a problem to you then I suggest you choose trading. Your time and attention is only needed on trading and not a lot of money will be burnt before you even get the profit.
actually mining will be more profitable because we don't need to spend all of our time in crypto, but I still have some obstacles to doing it all especially financial problems
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'm afraid must say stop doing any activity ( trading, mining, investment ) using crypto because the market have bad situation. Until now I only see people with faith not calculation, they believe crypto will raise again but when they only say " trust me ". Opinion with out knowledge will make loss will be ours and think clearly ( realistic ) is needed. I'll not stop you but please calculate again and good luck to you.
If you want to earn profit with less capital, trading will do but it will just require your time to do trading. Mining is different because it's more technical, expensive in terms of purchasing system hardware requirements and maintenance but once established, all you need to do is sit and wait for a profit since the computer will mine cryptos for you.
Prices of mining hardwares right now are too high, so
I prefer trading right now
I believe that at this time of the market you should only trade the day to be able to minimize the risk, should not invest in the excavator, you can see that the market is constantly fluctuating, facing a lot of risk The price of bitcoin is currently very low and the stock can be mined. So if you invest in bitcoin mining then I believe you will certainly suffer losses and heavy losses. I prefer trading right now
Prices of mining hardwares right now are too high, so
I prefer trading right now
I prefer trading right now
For me trading of course although it is not get well easy as I think because it pub too much efforts and hardships but ends the all of that is worth it because of earning a goods amount of income in daily.
trading is better than mining coins,mining is not for everyone,mining need more plan before you start because possible to lose your money once you failed
I am planing to switch from mining to trading.
Reason is that everything I mine goes for paying electricity bills because it's not profitable anymore at my electricity price.
If I sold my mining equipment I could invest that money in some coin and start trading.
Reason is that everything I mine goes for paying electricity bills because it's not profitable anymore at my electricity price.
If I sold my mining equipment I could invest that money in some coin and start trading.
Mining teaches you how to wait
Trading how to act fast
Trading how to act fast
i think both is good, you can earn some money from mining then you can trade to at the sametime,every month your income from mining can be capital for trading, because if you just trading you can lose sometime, in mining you can income everymonth althoguh the result are not much.
No is not, if you are not good on Trading you could rely on mining, it is a passive income where you are going to buy expensive hardware to do the work, all you have to do is to maintenance your mining equipment and enjoy everyday earnings. Trading is like an easy profits everyday if you are good enough to analyze everyday's altcoin graph to predict what to trade or when to trade.
My lifestyle is not used to being home often all day, sometimes even I often go out of town, a mobile lifestyle makes me only active with the trade market, while mining requires full concentration to stay at home, I sometimes think of hiring other people to organize it, but their experience is very minimal and easy to abuse the system. so I avoid the risk of not being active in mining.
If you can had both, then why not try both of them? It is great if you will try to get use of the two methods and those methods are very special. Both of them, you can generate money. Of course that's what crypto is about, investment.
i think both is good, you can earn some money from mining then you can trade to at the sametime,every month your income from mining can be capital for trading, because if you just trading you can lose sometime, in mining you can income everymonth althoguh the result are not much.
No is not, if you are not good on Trading you could rely on mining, it is a passive income where you are going to buy expensive hardware to do the work, all you have to do is to maintenance your mining equipment and enjoy everyday earnings. Trading is like an easy profits everyday if you are good enough to analyze everyday's altcoin graph to predict what to trade or when to trade.
There are risks in trading. Coins can unexpectedly plunge as Dash has demonstrated in the last few weeks. And lesser known coins may plunge, never to return. But there are risks too in mining, because the more people who invest into mining, the less of a return you will see. But counter this with improvements in technology, the rising number of miners may not affect your daily return at all.Both mining & trading appear to work well as long term investments.
There are no better options between mining or trading depend on the strategy trading and the strategy of mining, if we can make good prediction of the price and getting constant profit from trading, so trading is best choice and if we can find the profitable digital coins to be mined, mining is best option however between mining and trading there are risk to lose investment
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've friends that really get bigtime through mining. Though they'd tell me that mining costs high electricity. And the initial capital is quite big just for the setup plus the maintenance of the miners. But, once setup, good investment is sure except for the monthly cost.
Mining is good but it's for those people who can buy things who need to mine. But if you don't have enough money to buy those things maybe you can try trading first to earn money to buy things you need for 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.
It depends on what country you live in because if you live in Asian countries then you must think twice before you put up. We all know how expensive our electric bill and by putting up a mining farm will cost you a fortune. So yeah you'll be able to mine but surely it will just go to your bills and maintenance. So you're more likely working for nothing because at the end of the day it will be useless. Just learn how to trade and embrace it and you'll see it make sense after all.
It also depends on the cryptocurrency and the mining equipment (when you are going to mine). Nevertheless, trading gives more profits usually. When you are ready to spend more time to trade, choose this activity better.
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.
It depends on what country you live in because if you live in Asian countries then you must think twice before you put up. We all know how expensive our electric bill and by putting up a mining farm will cost you a fortune. So yeah you'll be able to mine but surely it will just go to your bills and maintenance. So you're more likely working for nothing because at the end of the day it will be useless. Just learn how to trade and embrace it and you'll see it make sense after all.
It also depends on the cryptocurrency and the mining equipment (when you are going to mine). Nevertheless, trading gives more profits usually. When you are ready to spend more time to trade, choose this activity better.
I've friends that really get bigtime through mining. Though they'd tell me that mining costs high electricity. And the initial capital is quite big just for the setup plus the maintenance of the miners. But, once setup, good investment is sure except for the monthly cost.
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