Pages:
Author

Topic: Which is more profitable, trading Bitcoin or mining Bitcoin? - page 2. (Read 357 times)

hero member
Activity: 2856
Merit: 667
Mining is only profitable if you have decent capital to start with. Most miners today are large corporations that can afford expensive equipment and cover high electricity costs.

For a regular person, mining might not be feasible, but trading is a great alternative as you can start with a small capital to test your skills, and eventually over time, as you gain confidence and experience, you can gradually increase your exposure to improve profitability. The good thing about trading is that you don’t have to worry about monthly expenses or equipment maintenance, which can be a constant source of stress if you’re running mining rigs.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
Trading is very risky.

Quote
Only a small percentage of traders are profitable, and most make losses:
Day traders
Only 1–20% of day traders are profitable, while the rest fail. One study found that less than 1% of day traders can reliably earn meaningful returns after fees.
New traders
According to the 90-90-90 rule, 90% of new traders lose 90% of their deposits within 90 days.


I think if you check about mining, most miners will make money because they will make mining profitability calculations before starting. But in trading, PnL is not possible to know.
?
Activity: -
Merit: -
Bitcoin mining and trading both have their unique benefits and drawbacks ,They both involve risks. which do you think is more profitable  Sad
Pages:
Jump to: