Miners should just stick to mining and nothing else. Well they can also hodl which I guess can be considered crypto investing.
Reason why is because over the years I've known many miners who made "decent" returns on mining and then lost it all to bitcoin trading and gambling. They basically get greedy and want more and end up losing all their mining revenues. The ones that cash out from time to time and they keep a spare bit to hodl in case price goes up are usually the clear winners.
I haven't heard from any miner who ended up gambling or trading and made more BTC than they mined, most are lost.
Topic: Which you prefer is a best way to earn money between mining, trading and gamblin (Read 524 times)
June 14, 2020, 01:12:01 AM
June 13, 2020, 10:17:35 AM
You would have to define what "best way" means, since that would be different for each person.
- Mining requires upfront money and time to set everything up, but after that, it requires the least amount of time of the three options and should give you constant income.
- Trading requires a lot of knowledge and experience, you could make lots and also loose lots of money.
- Gambling is designed to make you loose money in the long run, so I wouldn't consider it a way to make money.
You can also invest crypto in startup companies, which requires a lot of research to avoid scams and to know how likely the company is to succeed.
- Mining requires upfront money and time to set everything up, but after that, it requires the least amount of time of the three options and should give you constant income.
- Trading requires a lot of knowledge and experience, you could make lots and also loose lots of money.
- Gambling is designed to make you loose money in the long run, so I wouldn't consider it a way to make money.
You can also invest crypto in startup companies, which requires a lot of research to avoid scams and to know how likely the company is to succeed.
June 13, 2020, 01:44:40 AM
When Looking At The Differences Between Mining, Gambling And Trading, Mining Has The Highest Energy Required, Let Me Assume That Your Rank On Forum Determines Your Balance In Wallet. You As A Jr Member Can't Set Up Mining Tools And Start Mining Because It's Too Expensive, Mining Requires More Energy, Standby Electricity And Network.
Should Be Cleared To You That The Best Way To Earn More Money 💰 Is To Perform The Ones That Gives You More Income And Increases Your Portfolio, Testimonies From Users Today Are From Gambling, Trading And Mining Depending On the Ones They Can Afford To Participate.
Should Be Cleared To You That The Best Way To Earn More Money 💰 Is To Perform The Ones That Gives You More Income And Increases Your Portfolio, Testimonies From Users Today Are From Gambling, Trading And Mining Depending On the Ones They Can Afford To Participate.
June 12, 2020, 12:19:15 PM
Which you prefer is a best way to earn money between mining, trading and gambling. For my opinion I think mining is best although you earn small interest but it is not risk. So after mined interest you can use it in trading or spend in gambling if you afford to lose that money while others are continue mining.
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