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Topic: Trading or mining? - page 31. (Read 4807 times)

full member
Activity: 326
Merit: 100
August 07, 2018, 10:19:03 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.
My dream is to have a mining Farm which will bring me the passive income and during that I would be able to invest in new currencies and trade it as well. So I'm trying to complete that for now.
full member
Activity: 504
Merit: 100
August 07, 2018, 08:05:35 AM
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.
member
Activity: 120
Merit: 10
August 07, 2018, 06:33:34 AM
I think trading at this moment is profitable, because the market is little lower. So I think if you can buy some coins now, then many people have the potential for profit in the future. On the other hand, mining is very costly and time-consuming.
MI6
hero member
Activity: 1260
Merit: 504
Betking.io - Best Bitcoin Casino
August 07, 2018, 06:08:06 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 want to try, start from a little rig first, because ETH price not really good if compared with GPUs that really have high price, maybe overpriced. if you really think if it is profitable, go buy more GPUs to make your mining farm bigger
newbie
Activity: 78
Merit: 0
August 07, 2018, 05:48:55 AM
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.
member
Activity: 347
Merit: 10
August 03, 2018, 04:57:05 PM
Honestly speaking, it’s no big deal to do both. And there is no rule either that says that only one can be done. So, I will certainly not mind doing both. However, trading is not easy and comes with a lot of challenges that got to be tackled.

One easy way is to know what is running in the market and Chinese Region is probably the EASIEST way to go about. Once you know about this then you can EASILY make accurate decisions.
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
August 03, 2018, 12:23:10 PM
You will earn income for a longer period of time, but you do not need to invest capital,
How do you even get the money if you don't invest anything in the first place? Think again dude.

but you will be profitable and fast, but risk is higher if you do not have the knowledge. should choose the mining plan
There is no fast profit in this world, anything comes from your hardworking and patience. Also, mining needs knowledge and how to manage the money to make sure you are doing alright when doing so. If you said like that, you are literally know nothing on mining.
full member
Activity: 1218
Merit: 112
August 03, 2018, 12:14:40 PM
To be successful in mining, you have to invest a lot of money to buy mining hardware which is not cheap at all and you also need cheap electricity. On the other hand, you can start trading with a small amount of money.
newbie
Activity: 172
Merit: 0
August 03, 2018, 12:10:10 PM
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.
member
Activity: 490
Merit: 11
August 03, 2018, 11:36:27 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.
This two types of earning crypto coins are very effective but it will only depends in a specific situation. I mean in mining, you need to have a good amounts of money and make sure that you can still gained more profits than paying electric bills. While in trading, you need to have a good mentor that have experienced in trading cryptos and can be trusted. Just my own opinion.
sr. member
Activity: 1176
Merit: 252
August 03, 2018, 11:14:03 AM
I don't have any experience regarding Minning, besides that I also don't want to risk Minning. well, but I prefer trading in minning for now, maybe because I have experience in trading.
full member
Activity: 262
Merit: 100
August 03, 2018, 11:00:10 AM
There are mining season and there are trading season. One can not afford to miss these cryptocurrency event! It will be out of place to say trading is better than mining or vice versa however, trading has more potential for profit if you consider how many times that could be done!

I agree, we both need capital with trading or mining but in trading we can start even though our money is small than in mining you need to have a big amount capital before you start doing mining .
newbie
Activity: 126
Merit: 0
August 03, 2018, 10:40:00 AM
I like trading because trading provides greater profit in comparison with mining.Moreover,Mining has  a high electricity cost.
member
Activity: 392
Merit: 21
August 03, 2018, 10:32:38 AM
In terms of making profits in a short period of time, I prefer to do trading than mining. You can earn profits as much as you want but it is need your knowledge and attention because every seconds are important due to changing in prices of altcoins in crypto exchanges. In mining you can only also make money in an easy way but in a long period of time. Always take note, that in trading of cryptocurrencies is very risky thing to do.
hero member
Activity: 1302
Merit: 503
August 03, 2018, 09:59:14 AM
I feel both have it's advantages and disadvantages. I had a similar question whether to invest on mining rig or invest on ICO. For some what reason , I chose trading and its working well for me. Mining is expensive and need some expensive hardware. My opinion, ICO and Trading are profitable.

Both is profitable but in my own opinion, trading will make you earn more profit if you have a good strategy in the market or you are really working hard to monitor the market prices movements.
- Agreed that trading would be more profitable but that is theoretically, everything that they predicted was good, in fact, trading is really too hard work to find a profit, the market is constantly changing, rising and falling abnormally. While if we make a reasonable calculation, mining can create more stability over a long period of time, although we need to put a large amount of money in the initial stages, all will soon recover and make a profit, however, the capital condition is probably too high, many people can not participate, it is a pity
full member
Activity: 462
Merit: 100
August 03, 2018, 07:04:51 AM
There are mining season and there are trading season. One can not afford to miss these cryptocurrency event! It will be out of place to say trading is better than mining or vice versa however, trading has more potential for profit if you consider how many times that could be done!
newbie
Activity: 26
Merit: 1
August 03, 2018, 06:42:02 AM
I think we should combine trading and mining. Because mining requires investment in VIP machines. Trading requires money. If the combination of the two, the profit will rise higher.
sr. member
Activity: 779
Merit: 250
August 03, 2018, 06:16:52 AM
I feel both have it's advantages and disadvantages. I had a similar question whether to invest on mining rig or invest on ICO. For some what reason , I chose trading and its working well for me. Mining is expensive and need some expensive hardware. My opinion, ICO and Trading are profitable.

Both is profitable but in my own opinion, trading will make you earn more profit if you have a good strategy in the market or you are really working hard to monitor the market prices movements.
member
Activity: 406
Merit: 10
August 03, 2018, 05:57:40 AM
The one I really have better experience on is trading and not mining. However, I don't know how mining really works but from the people that have been into the mining things they said it is not that profitable. Besides, from mine own experience in cryptosystem trade or trading it more profitable if you know how to trade.
newbie
Activity: 37
Merit: 0
August 03, 2018, 05:51:17 AM
Minning now it not an open door and it out of resources now and it take risks, so I think you should trading than mining it.
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