Topic: Trading or mining? - page 30. (Read 4807 times)
I think trading is better than mining, especially market conditions that are difficult to guess and seem to decrease while maintenance costs still even increase so that it is more difficult to profit if we are mining, while trading is simple.
You do not have to think that crypto currency mining is a simple activity. Therefore, I would advise you to better deal with the trade in crypto currency, because it is more profitable in small volumes.
Actually for me I will go for trading but mining is also good. It just happens that trading is applicable anywhere, anytime and also for anyone. On the other hand, mining is not applicable anywhere because as far as I know it is being used for those cold areas because the mining rigs are requiring a good environment temperature and it is better to use if the country has a small amount of electricity rate.
I do prefer holding and sometimes trading, mining has becoming way too difficult with the specialized hardware and without the availability of cheap electricity.
In my opinion, the exploitation does not cost you money, you just take the time and effort to get that coin, but your time is quite long.
mining is something that requires a lot of capital to do it, I prefer to make profits by trading because it only requires less capital.
IMO, trading far more profitable since mining usually provide expensive miner tool and remember that bitcoin difficulty getting increase from time to time.
You can just rent the broker if you are not understand how bitcoin trading graph chart works !
You can just rent the broker if you are not understand how bitcoin trading graph chart works !
Both hopefully in the future. Currently, I have a background in equity trader, so I'd like trading better or expand to cryptocurrency trading. But I also want to explore mining too.
Trading is better if you want to earn money faster, mining is more like a job and ROI can be doubled depending on the difficulty.
but as you know day trading is quite risky. People with more money in hands can move the market despite the trends.
I think that both have their merits and demerits, I think that mining is a regular source of income, but the electricity price really make it difficult for the miners to mine bitcoin and get some good profit from there. While in trading if you do not have enough experience then the risk of losing your own money is too much. but as you know day trading is quite risky. People with more money in hands can move the market despite the trends.
Yes, you are absolutely right. However, it also depends on the altcoin. For instance, for me, mining Litecoin is more profitable than trading it. As for the other alts, I trade.
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.
in my opinion it is better for you to do the second because with trading and mining you can get very much profit and you can become very wealthy quickly even you can master the market if you can produce coins from mining with a very large amount.
You cans start trading with a small amount, because there are so many altcoins which are still trading in low price, but if you are interested in mining then you have to invest a lot of money on mining setup and the second is that it is more successful in such places where the cost of electricity is is cheap.
in my idea ..trading is better than mining. in mining you need a lot of time and you must have a good equipments for mining. unlike trading you can easily chose what coins you will be trad. there are people who are engaging in both trading and mining. its up to you if you do both.
trading and mining can give you a bitcoin as long as you have time and you can get involved in mining so you get a free coin from your mining process if you do not. If you have the money but you have money then you should trade
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 we force it it is very risky for your finances. we just wait for the eth price to go up and save to buy mining equipment.
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.
Just discussed trading VS mining with my friend as well.
My argument was that when trading you can do profit also with the Bear market, shorting (margin trading).
And when you mine a coin which is falling down you can get a situation, when you are just covering costs for electricity (if at all
)
My argument was that when trading you can do profit also with the Bear market, shorting (margin trading).
And when you mine a coin which is falling down you can get a situation, when you are just covering costs for electricity (if at all
)
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 chose trading because mining still does not have maximum additional profit. we know if trading can be done with any capital and it can certainly work if trading is done correctly. but in contrast to mining who have to prepare big money to buy equipment for mining.
If you want to dig a bitcoin then I think you will spend a lot of time to search, because we have only 4 million Bitcoins and no one has ever found it. The better way to creat it is trading job, you can earn more Bitcoin .
Since you have little capital then it is not suitable for mining. More than that mining need a more clear plan. Need to select time, assets and perfect strategy to make success in mining. Besides, you can’t get enough profit from mining but can get in crypto trading. Since bitcoin make a record drop and now going start for up so it is better to invest in bitcoin. You can also invest in some altcoins or ETH.
Jump to: