The links on the reply of my previous post has been so helpful to me, now I know more about Bitcoin, the rules guiding the forum and how it works. The only thing I knew about Bitcoin was how to purchase bitcoins at a Bitcoin exchange, sending and receiving of Bitcoins. But now I’ve read through all the links you shared and my knowledge has increased, I know one can also Earn bitcoins through mining. To my understanding, Bitcoin is still in the process of maturing and everyday we get to know more about how it works because nobody can really give an accurate analysis of what the outcome might be in the next minute or next day. There is no guarantee that Bitcoin will continue to grow or continue to dip even though it has developed at a very fast rate so far. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.
there's a lot of ways where you can make income using bitcoin mate aside of mining because it's so expensive expensive and you know you must have enough knowledge as well such what are the important things to have (hardware and etc) in order for you to build a perfect machine for it and of course to have a good profits after all.. But yeah just like what i said there's a buch of ways where you can make money using bitcoin and these two option is very common in the space such investment, trading.. The best thing with these is you don't need a lot of capital wherein any amount is good unlike building a mining machine.. But you still have knowledge of course.. At least affordable and easy compared to mining which only for those who cam provide so expensive hardware and etc. Lol
If we look at the current situation, mining is not the best way to earn from Bitcoin. The hardest thing to be able to do mining is of course
the costs needed to buy mining equipment, electricity costs and maintenance costs. Like you said too much capital needed to do mining,
even though there are other, more affordable ways to earn from Bitcoin. I most recommend for long term investment in Bitcoin,
it is much safer and can use capital according to our respective financial capabilities. We can see the history of the movement of Bitcoin,
where the price of Bitcoin is getting more expensive. So if we gradually buy Bitcoin, then hold Bitcoin in the long term, it seems that getting
big profits is just a matter of time.
