Which is more profitable trading exchange or mining and why?? - page 6.

rhamzter

sr. member

Activity: 420

Merit: 282

Quote from: tricker01 on November 14, 2017, 06:31:46 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.

pugman

legendary

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dogs are cute.

Quote from: rhamzter on November 14, 2017, 05:46:16 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.
This is my example:
If you invest in mining it took a long period of time before you recover your investment and also you just need to spent much electricity. Are you agree?
On the other side, if you invest in trading and choose one of the better coins you can easily recover your capital together with your income, also in short period of time you can easily doubled or triple your investment. Are you agree?

Sure,I do agree that trading can be more profitable than mining. Mining is costlier in any country you live,even in china because of the massive usage of electricity and updated computers in terms of graphics like updating from GTX 950 to GTX 1080 Ti etc and in terms of return I think one can get a return after like 1 year or something. Trading on the other side,is more user friendly and does not require a technical background or knowledge which is required in case of mining. The only harm in trading is that sometimes, one can make a wrong decision or even the exchange in which one trades has a possibility of getting hacked.

DaMut

sr. member

Activity: 1274

Merit: 263

of course trade is way more profitable compared to mining,
why ? because right now,mining is no longer profitable,you need to pay an expenses which is quite many while facing the difficulty.
everyday the difficulty keep increasing and because of that the rewards will be decreased a lot,
other than that someday we need to do the maintenance and replacing other stuff beause of overused/old.
compared to trading,all that we need to do is to read the market and the movement.
everyday we can get the 'profit' if we're good enough,
compared to mining,we do not need to pay anything some like ; expenses,maintenance,etc etc.
so mining and trading are like sky and earth,
completely different in term of profit.

Yaunfitda

hero member

Activity: 2870

Merit: 594

There is no question that trading is profitable because you have total control over it. You can invest big or small depending on your capacity. As compare to mining or cloud mining which recently have been scamming people out of money. So I would never go to mining but will continue to go to trading, although there is risk, its up to the individual on how he/she mitigates it.

batang_bitcoin

hero member

Activity: 3080

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Quote from: timikulit on November 14, 2017, 07:39:33 PM

Quote from: batang_bitcoin on November 14, 2017, 06:25:58 PM

Quote from: rhamzter on November 14, 2017, 05:46:16 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.
This is my example:
If you invest in mining it took a long period of time before you recover your investment and also you just need to spent much electricity. Are you agree?
On the other side, if you invest in trading and choose one of the better coins you can easily recover your capital together with your income, also in short period of time you can easily doubled or triple your investment. Are you agree?

Are you pointing out to "mining" through cloud? That's not really worth to invest, most of them that are now existing are likely to be scam. Trading is the most profitable way of earning bitcoin and with other alt coins too and with my situation there's nothing wrong with investing to the "real" hardware mining (GPU) for having the capacity to invest for those GPU's, what matter to me is the expensive consumption of electricity.

Not all, genesis mining is one of the cloud mining that offers hashrate for mining bitcoin. and i think its legit.

Yes trading is the most profitable now if you are an experienced trader. Because, there is a lot of pump and dump in cryptomarket.
If you are newbie in trading then i suggest start to practice first in forex or stock using demo accounts. (Practice makes perfect)
Long HODL is also good in crypto trading as long as you know your coin product and future development.

Bitcoin or altcoin mining is still profitable as long as you have high capital, cheap electricity and high knowledge in computer hardware and software (Windows/Linux/EthOS/Simplemining etc..)

There is no easy money in crypto, choose only one path. mining or trading.

I know about genesis mining but still it's up to the people that wants to invest there. The return with their contracts is something that I can't think and even they are trusted by many people I don't buy that. I had a bad experience with those "trusted" cloud mining before that are operating for years and then they just went off together with my investment so I don't consider it anymore. If you trust them it's up to you but my bad experience about cloud mining will never change.

timikulit

full member

Activity: 196

Merit: 103

Quote from: batang_bitcoin on November 14, 2017, 06:25:58 PM

Quote from: rhamzter on November 14, 2017, 05:46:16 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.
This is my example:
If you invest in mining it took a long period of time before you recover your investment and also you just need to spent much electricity. Are you agree?
On the other side, if you invest in trading and choose one of the better coins you can easily recover your capital together with your income, also in short period of time you can easily doubled or triple your investment. Are you agree?

Are you pointing out to "mining" through cloud? That's not really worth to invest, most of them that are now existing are likely to be scam. Trading is the most profitable way of earning bitcoin and with other alt coins too and with my situation there's nothing wrong with investing to the "real" hardware mining (GPU) for having the capacity to invest for those GPU's, what matter to me is the expensive consumption of electricity.

Not all, genesis mining is one of the cloud mining that offers hashrate for mining bitcoin. and i think its legit.

Yes trading is the most profitable now if you are an experienced trader. Because, there is a lot of pump and dump in cryptomarket.
If you are newbie in trading then i suggest start to practice first in forex or stock using demo accounts. (Practice makes perfect)
Long HODL is also good in crypto trading as long as you know your coin product and future development.

Bitcoin or altcoin mining is still profitable as long as you have high capital, cheap electricity and high knowledge in computer hardware and software (Windows/Linux/EthOS/Simplemining etc..)

There is no easy money in crypto, choose only one path. mining or trading.

kingofcommerce

copper member

Activity: 43

Merit: 0

Agent Not Needed - tokensale.agentnotneeded.com

Trading as you can leverage your money to make more money - though you need to actually be good at trading

Mining difficulty is too high so you wont get much return from it, plus considering the initial investment needed for hardware and the potential at any moment for that hardware to break etc in my opinion isn't worth it.

I would recommend trading but don't risk more than you can afford to lose and don't risk more than 1%-2% per trade.

Best of luck

Qunetick

member

Activity: 226

Merit: 10

Quote from: tricker01 on November 14, 2017, 06:31:46 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.

Don't be too serious bro. Maybe he just want to open a topic and you know, it could also help the people who are new here. Yes, the answer is so obvious, but that doesn't mean that you will try to ask the person if he is drunk. You are also right that you can have income just by posting in this site but if you are the kind of person who wants additional income not just from posting but also from trading or mining, then let them be. It is their own way of multiplying their bitcoin.

tricker01

member

Activity: 140

Merit: 20

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.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: rhamzter on November 14, 2017, 05:46:16 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.
This is my example:
If you invest in mining it took a long period of time before you recover your investment and also you just need to spent much electricity. Are you agree?
On the other side, if you invest in trading and choose one of the better coins you can easily recover your capital together with your income, also in short period of time you can easily doubled or triple your investment. Are you agree?

Are you pointing out to "mining" through cloud? That's not really worth to invest, most of them that are now existing are likely to be scam. Trading is the most profitable way of earning bitcoin and with other alt coins too and with my situation there's nothing wrong with investing to the "real" hardware mining (GPU) for having the capacity to invest for those GPU's, what matter to me is the expensive consumption of electricity.

GreatOrchid

legendary

Activity: 1092

Merit: 1001

0.01 in mining makes no sense, it is only a few more bucks than $60 dollars, and you can not buy anything with that amount of money. Maybe you can invest that on a cloudmining site, but it is not worth it, because you are going to lose your money in there, and obviously, your time.
And 0.01 in trading sites is worst than cloudmining, because you need to be more than hours in front of your computer in order to make a few bucks a day, and it is not worth it too, because you can lose money in there if you dont have previous knowledge about that.

chineseprancing

hero member

Activity: 630

Merit: 500

Quote from: NavySeals on November 14, 2017, 05:48:50 PM

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.

With trading websites, I think you mean exchange platforms such as Bittrex, Binance, HitBTC etc. You better start trading after learning it well.

Yeah that's right maybe you just need to make your own mining, because if you relied only in mining sites I'm sure instead of earnings you will possibly gain scammer.
Moreover, I suggest to used Yobit, cryptopia or cryptodao because they can offer a good list of crypto currency with good price.

harizen

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For support ➡️ help.bc.game

Quote from: rhamzter on November 14, 2017, 05:46:16 PM

In my sight, trading sites is much profitable compared to mining sites, though both of this job are needs capital but I choose trading as one of the good investment.
This is my example:
If you invest in mining 0.01 it took a long time before you recover your investment and also you just need to spent much electricity. Are you agree?
On the other side, if you invest in trading like 0.01 and choose one of the better coins you can easily recover your capital together with your income, also in short period of time you can easily doubled or triple your investment. Are you agree?

How come you compared these two when obviously we all know who is much worth to try with associated risks.

Also BTC0.01 in mining can't take you to nowhere. Mining sites? Cloudmining? Even the legit ones can't give you good profit for BTC0.01 capital. But overall they have different background so comparing them isn't making a sense honestly.

NavySeals

sr. member

Activity: 371

Merit: 250

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.

With trading websites, I think you mean exchange platforms such as Bittrex, Binance, HitBTC etc. You better start trading after learning it well.

rhamzter

sr. member

Activity: 420

Merit: 282

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.
This is my example:
If you invest in mining it took a long period of time before you recover your investment and also you just need to spent much electricity. Are you agree?
On the other side, if you invest in trading and choose one of the better coins you can easily recover your capital together with your income, also in short period of time you can easily doubled or triple your investment. Are you agree?

Topic: Which is more profitable trading exchange or mining and why?? - page 6. (Read 1502 times)