Topic: Which is more profitable trading exchange or mining and why?? - page 5. (Read 1502 times)
November 24, 2017, 03:55:28 AM
Mining on your own takes a lot of time. It consumes your electricity hence you are not getting your profit entirely. I don't think mining is a good way of earning because it is quite complicated. Meanwhile, mining websites aren't so reliable because some are scammers as well. You can do trading but it takes knowledge and experience, as well as mental & emotional preparedness.
November 24, 2017, 03:14:26 AM
Don't use mining websites, they're not doing mining, they're like HYIPs. If you're interested in mining, do it on your own.
Honestly I would agree and disagree to you at the same time. I agree that HYIPs are very attractive to newbies (who are their prime targets) and they end up losing their money in the process of the scam. Again a mining rig may not be cost effective for everyone. There a lot of costs associated with it and they may not be always profitable. So research on mining is important and the ROI must be considered if they are mining on their own.
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With trading websites, I think you mean exchange platforms such as Bittrex, Binance, HitBTC etc. You better start trading after learning it well
Trading should be done once a person has got enough of a captial of bitcoin and some altcoins and have learnt about it properly. Be careful of pump and dump schemes and stay away from the "trollboxes" of the exchange sites. That is the place for all shills of the world. 
November 24, 2017, 03:08:47 AM
I think if you have good enough knowledge and skills. Trading will earn more profit than mining. With 1 dollars you can earn 1000 dollars. 
Exactly! There is no way that we can deny this fact that mining is something very much costly and it requires lot of resources especially some super computers along with lot of consumption of power and electricity. Trading is no doubt a little risky thing to do but as compared to that of mining, it is better to go fir trading. It will really help you in earning of more money than you can get through mining. November 20, 2017, 07:21:40 AM
At a first glance, it seems pretty simple - when you have enough skills and are ready to take risks, trading is more profitable because of the fast results. If you are ready to wait for a longer turnaround, you can try mining. And yes, like it was mentioned, both options require big investments from the start.
November 16, 2017, 11:26:22 AM
For me trading is more profitable than mining, mining needs huge capital before you can start to mine and you need to have a free electricity for you to earn good bitcoin. But in trading, it is depend on us on how much do we want to buy or to sell, for me it is more easy to earn in trading than mining.
The two of them have a very different angles and aspects to earn digital coins from different people's perspective and situation, it is because some of them earn more a lot easier from mining than trading because they are into technical and networking stuff as well as a good researcher to target a promising coin to mine utilizing the mining electricity and equipment but some of them failed in mining thus experienced to earn more from trading because they have a better understanding and knowledge about how trading works in crypto.So for the Op's question was always depends in your skills and situation yes mining takes a lot of time to earn the ROI but if the electricity bill is promising to be cheaper it will be the opportunity to gear some small mining rigs and the income is a sure ball. Trading can also be profitable and can generate fast results but the problem with this is you need to watch the market too often and the risk is high because the market is not stable you can lose your money easily.
November 16, 2017, 09:00:54 AM
For me trading is more profitable than mining, mining needs huge capital before you can start to mine and you need to have a free electricity for you to earn good bitcoin. But in trading, it is depend on us on how much do we want to buy or to sell, for me it is more easy to earn in trading than mining.
November 16, 2017, 08:48:16 AM
HODLing is way way more profitable compared to the two options that you have mentioned. Your mining rig will only give you an A performance for the next 6 months and then after that, you need to upgrade. Trading is quite good as long as you can focus on the charts 24/7, otherwise, forget about it. HODLing a reputable coin will give you more profits in the long run. Trust me, I have been doing this shit full time for a while now.
November 16, 2017, 07:26:47 AM
For a cryptocurrency beginner it is far easier to trade than to mine. Mining requires some code knowledge and advantageous electricity price. However, I am still thinking of mining as an instrument of diversification. If you cannot sync with markets and make money by trading, mining can "ensure" you quite stable monthly/quarterly income.
November 16, 2017, 07:17:02 AM
Are you drunk sir? We all know which is most productive and profitable between on that two.
If you are looking for some income, it's better if you focused on posting in this sites, instead of trade or mine.
don't be rough bro, I think he don't want just getting "income" from this site.If you are looking for some income, it's better if you focused on posting in this sites, instead of trade or mine.
I suggest to start learning how to trade. it might be hard to get profit if trading Bitcoin, but altcoin can be profitable if traded with Bitcoin.
November 16, 2017, 07:13:54 AM
I think if you have good enough knowledge and skills. Trading will earn more profit than mining. With 1 dollars you can earn 1000 dollars.
Maybe it depends on how can you handle the job you can chosen, for me both of this are much profitable. However you just need some professionalism in terms of trading, also you just need to bind a couple of time to monitor the movement of coins you been choose to invest.While in mining you only need to invest high amount but surely you can earn income even for a long period of time.
Both are profitable if executed well. Profit really depends on how you do your job well. Trading needs to be decided well and market should be well monitored so as to keep yourself updated to the current price in the market. Mining on the other hand requires a lot of capital but if you are familiar with mining then it would benefit well. Big profits depends on how knowledgeable you are of what you are doing.
November 16, 2017, 06:39:18 AM
I think if you have good enough knowledge and skills. Trading will earn more profit than mining. With 1 dollars you can earn 1000 dollars.
Maybe it depends on how can you handle the job you can chosen, for me both of this are much profitable. However you just need some professionalism in terms of trading, also you just need to bind a couple of time to monitor the movement of coins you been choose to invest.While in mining you only need to invest high amount but surely you can earn income even for a long period of time.
November 16, 2017, 04:23:51 AM
Both are profitable. But the more profitable is the trading exchange,but there is disadvantage. In trading exchage, more posibility of profit lost. It is more risky if you dont have knowledge of this system. But if you are a pro in trading, this is much profitable. In mining system, this is a stable and surely you will definitely earned even if you invest,but not as much than trading.
November 16, 2017, 04:13:38 AM
I think if you have good enough knowledge and skills. Trading will earn more profit than mining. With 1 dollars you can earn 1000 dollars.
November 16, 2017, 03:57:24 AM
Well said. Mining could drag for some time before you recover your money! Trading on the other is purely based on chance. But you could calculate how much you are going to earn on your money over a span of it's life.
November 16, 2017, 03:52:13 AM
it depends on a lot of different factors. these two are not similar things to easily compare them!
for example if you know nothing about trading and have zero familiarity with the market, then trading is not going to be profitable for you. the result will be a lot of losses, one after another until you give up and are broke.
some people don't want to spend time to learn trading, they want more of a passive income type of thing. so trading is not suitable for the se people.
mining on the other hand is more like a passive income. you just buy some equipment (ASIC miners or GPU rigs) and set them up so that they can make you money and you just check on them. this may sound simple in theory but it is still hard and risky because of all the volatility of cryptocurrencies.
but it is much easier to get the hang of the mining and make it profitable.
the only remaining issue will be your electricity cost, and if you live in a country with cheap electricity then mining is a good option to think about.
for example if you know nothing about trading and have zero familiarity with the market, then trading is not going to be profitable for you. the result will be a lot of losses, one after another until you give up and are broke.
some people don't want to spend time to learn trading, they want more of a passive income type of thing. so trading is not suitable for the se people.
mining on the other hand is more like a passive income. you just buy some equipment (ASIC miners or GPU rigs) and set them up so that they can make you money and you just check on them. this may sound simple in theory but it is still hard and risky because of all the volatility of cryptocurrencies.
but it is much easier to get the hang of the mining and make it profitable.
the only remaining issue will be your electricity cost, and if you live in a country with cheap electricity then mining is a good option to think about.
November 16, 2017, 03:25:51 AM
Are you drunk sir? We all know which is most productive and profitable between on that two.
If you are looking for some income, it's better if you focused on posting in this sites, instead of trade or mine.
Thanks for slapping my face regarding the topic I made, I do this because I'm looking for some another source of income. I have some bitcoin and I can't decide if I invest it in trading or mining, however regarding to the reply of some users I think it's better if I invest my crypto in trading. Since I have some idea regarding that, I've seen that all I need is to improve it.If you are looking for some income, it's better if you focused on posting in this sites, instead of trade or mine.
In additional the profit you can gained in work you choose are always depend on how can you work hard.
November 15, 2017, 05:40:50 PM
trading is not profitable anymore because we all know that bitcoin is always going to be on a bullish trend, and it means that the opposite is going to happen to altcoins.
That's not necessarily true. It's much more complicated. I've been trading BTC since 2013 and altcoins since 2014. What I've realized is that all the markets go through different cycles. Any two coins are not necessarily in the same part of the market cycle. Sometimes we see positive correlations to BTC, sometimes negative. Sometimes there is seemingly no correlation at all.
When BTC is trending upwards very fast, I find that you are usually correct. However, BTC will often consolidate before continuing upwards, and during these consolidations, altcoins often rally. This is in spite of the overall bullish BTC trend.
November 15, 2017, 05:20:56 PM
trading is not profitable anymore because we all know that bitcoin is always going to be on a bullish trend, and it means that the opposite is going to happen to altcoins.
When bitcoin goes up, all those shitty altcoins below the top 20 start to go down for a lot of money, because all those guys start to put all their funds in bitcoin in order to make some profit from that.
And the same scenario repeats tons of times a week, this might be the reason of why trading is not profitable anymore.
better to buy some good antminers and build your own rig, it will give you a lot of profits in a few months from now
When bitcoin goes up, all those shitty altcoins below the top 20 start to go down for a lot of money, because all those guys start to put all their funds in bitcoin in order to make some profit from that.
And the same scenario repeats tons of times a week, this might be the reason of why trading is not profitable anymore.
better to buy some good antminers and build your own rig, it will give you a lot of profits in a few months from now
November 15, 2017, 04:28:30 PM
In my sight, trading is much profitable compared to mining, though both of this job are needs capital but I choose trading as one of the good investment.
Mining is very long-term investment option. You are indirectly investing in the coins you mine by first investing in mining hardware. Due to the time and overhead involved, you are likely looking to ROI on a longer timeline -- many months -- probably with intent to hold for years.
If you are only looking to invest in the short term, or swing trade/day trade, you are much better off buying coins and trading. Then you can properly hedge day-to-day and you aren't tied down to your fiat overhead costs. You can always quickly ditch one investment and move to another with your capital intact.
November 15, 2017, 01:36:20 PM
Are you drunk sir? We all know which is most productive and profitable between on that two.
If you are looking for some income, it's better if you focused on posting in this sites, instead of trade or mine.
Thanks for slapping my face regarding the topic I made, I do this because I'm looking for some another source of income. I have some bitcoin and I can't decide if I invest it in trading or mining, however regarding to the reply of some users I think it's better if I invest my crypto in trading. Since I have some idea regarding that, I've seen that all I need is to improve it.If you are looking for some income, it's better if you focused on posting in this sites, instead of trade or mine.
Good to you that you already conclude what is your method that fits for your capacity hoping that your trading journey will be more successful just keep it in your mind that dont be greedy if you do not want to loose your capital. Goodluck mate
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