Topic: Trading or mining? - page 7. (Read 4807 times)
if I have a lot of free time then my advice is better to choose both trading and mining, both have advantages and disadvantages that complement each other, so in my opinion it is worth choosing both trading and mining
Why don't you just try trading?
Trading does not require tools and maintenance costs, but as you know the risk of trading is huge. If you can manage your finances, your emotions and want to read the latest news I think you can avoid losses from trading.
Trading does not require tools and maintenance costs, but as you know the risk of trading is huge. If you can manage your finances, your emotions and want to read the latest news I think you can avoid losses from trading.
Before you start mining, you must calculate the cost of electricity in your country and the cost to buy mining tools. With the big difficulty now the results of mining are smaller and you will get ROI longer.
Trading is little risky investment because you should always monitor the market then only you will earn good profit in this platform.Trading is a good investment monitor. The only issue here is that without enough knowledge, it always result into failure anyway. Mining also requires great deal of knowledge as well so you do not end up with a less efficient miners or mining what could not end up profitable in the long run.
If you are big investors buying mining rig is a good choice, though its too expensive each and the cost is also high in terms of electricity, so the mining should be put into a cold place area to lessen the cost of electricity, then if you do this you can earn Bitcoin daily without doing anything. While on doing trade it needs knowledge first before making trade in the platform.
mining is necessary for crypto and blockchain sustainability but when I calculate the cost they spend so much with a little coin gain and coin prices that are getting lower now. trading is more profitable for me because the market conditions are very volatile and this will provide a good margin in obtaining profit targets
Usually when a person can not choose between trading or mining and does not know what is more suitable for him this means only one thing - that he is very poorly versed in these things and therefore incompetent. Anyone who is well acquainted with trade or with mining understands that at the moment he will be more suitable.
Mining for no risk, without knowledge
Trading needs knowledge
Trading needs knowledge
I’d suggest learn to trade, honestly. Mining is difficult business because of a few things. Firstly, you will need a lot of starting money to buy equipment and set it. Then, you will face increased electricity bills. Also, devices could break down, so you will have to pay even more to fix everything. Finally, the price of cryptocurrencies now is too volatile to hope that you can get a regular income with mining only. On the other hand, trading lets you bet on various things including both growth and fall of price. There are tons of strategies for newcomers, so you only have to spend some time exploring them. In trading, you will also need some starting capital but it’s way smaller cuz you can buy first crypto for even $100. At all, try different approaches and stick to one or two which are the most suitable for you. Good luck!
You need to have a good business plan before venturing into mining if you don't want to lose your money. I think trading is less risky and it will be better than mining but the decision stoic lies in your hand .
Yes your opinion very nice,your opinion mining is the better, because mining you get limited profit and trading is very risk.yes trading is risky and mining is better,I think trading is the best.I hope some coin buy and some day alt coin price 500% increase and sell some profit money,you can trading many exchanger and huge profit money,then you can start good business.
You need to have a good business plan before venturing into mining if you don't want to lose your money. I think trading is less risky and it will be better than mining but the decision stoic lies in your hand .
Yeah trading is risky and mining is better for risk. But I think mining is not better then trade. You can increase your huge profit in trade that don't get in mining. Many time we seen that coin price 1k% increase if you mining you get limited profit. You can trade but you need huge knowledge about alt coin and other exchanger also you follow Telegram and forum. If you active all time I hope you can make huge profit with trade.
It depends on your abilities and skills in the financial field, because from mindless trading profits you will not get. Mining cryptocurrency at times easier.
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.
Choosing between trading and mining is depending on your country but i highly suggested that you should choose mining because you can earn cryptocurrency passively and that is the reason you should choose mining over trading.
The both seems to be good but it all depends on the capital at your disposal. Mining would be fine if you have enough capital. Trading is also okay if you know how to. This is basically how it is
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.
Choosing between trading and mining is depending on your country but i highly suggested that you should choose mining because you can earn cryptocurrency passively and that is the reason you should choose mining over trading.
My brother has been planning to start mining. He has been trading. He has been doing researches as to whether mining will yield more significant profit than trading. And he has made the decision that mining is much better than trading because there will be no days when you will have losses instead of gains in mining. However, the year 2018 came and he suddenly realized that it will not be that profitable anymore. And some of his friends are saying that the high electric cost will really pull you down especially during a red market.
Good to start mining but trading is better than mining because it takes electricity to work out and trading just need your money and you will get your coins instantly so you will have a fast system to make some money. Trading in the technological world is more in benefit that is why you have to pick trading especially with the Bitcoin but this is always a good strategy to diversify your money in different sources. 
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 highly prefer trading because in this way you can manage to monitor the entire market and determine when the prices are increasing and take advantage of the situation to earn more profit.
Mining is a bit of expensive to do & your rewards are less unless you have a well set up farm. Obviously a costly job. Cost of electricity is a vital fact when it calculate your profit. Trading has involved risk but if you are skillful can make smart amount of money. But extremely this is personal & your set of skills are counted at the time of trading. Two different areas with two set of possibilities. If you have the capacity to hold for long term wait for more dip & invest in some great projects like WAN & ICX. You will ended up with amazing results. My suggestion at the moment to go for trading & collect some smart money & accumulate your heap of BTC.
Both good choices but mining costs a lot as it use electricity which is of high price in some countries while electricity is cheap somewhere so it is better for those countries where electricity does not cost a lot so they would be able to mine coins easily. On the other hand they most better way to make money is trading with Bitcoin and few other coins where you have to use your money in order to get it instantly.
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.
Choosing between trading and mining is depending on your country but i highly suggested that you should choose mining because you can earn cryptocurrency passively and that is the reason you should choose mining over trading.
I think whether miners are able to stabilize the calculation of electricity costs in proportion to the current value of bitcoin/altcoin?
I think there are a lot of disadvantages that they get because of the decreasing value of coins, while the electricity load never goes down, I am still comfortable with trading because it is not too dizzy with real operational costs, but the exception is aimed at miners who have obtained ROI in the past years.
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.
Choosing between trading and mining is depending on your country but i highly suggested that you should choose mining because you can earn cryptocurrency passively and that is the reason you should choose mining over trading.
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