Bitcoin Forum

Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks  :)

Definitely trading, but i would recommend staying away from chargebackable payment methods unless you know what your doing.

I've been stopped trading 7 month, too much problems they closed my webmoney and my skrill (webmoney for trading btc, and skrill for fraud and shit) but I got all my money its so hard to deal with fraudsters. :-\

I would recommend trading for you , cause investing is a risky thing and you dont have control of your money ,unlike trading where your money is safe and less risk.  And also trading gives you easy profit as long as you know what altcoin to buy.

I prefer using bitcoins, because I think it's may go up to 2k$ this year or next year who knows  ???

I will prefer on trading, although since a long time a go for you wasn't doing a trade. but it will be better than other like investing or cloudmining. So, you have fully permission for controlling your money.

The best way, I think your capital must put in investing and do trade in the exchange platform. By these thing you can easily multiply or grow your coins depending of how you are going to predict the coins were you going to trade.

Trading is more better than investing in cloud mining because that shit mining is a joke and just runs only for few months and gone with your money. Even in trading you can't get stable income but it's more guaranteed than cloud mining.

Doubling your BTC not as easy as it seems. The amount of BTC you are holding and thinking of doubling matters. Doubling .1 BTC is easier than doubling 10 BTC. Trading or investing takes time and a lot of risk while cloudmining contracts are losing investments. The best you can do is to get a loan, start your localbitcoin trading and slowly pay the loan.

i've made a fair amount of profit on localbitcoins, but stopped recently due to so many fraud attempts!

There's always a risk in investment or trading, but there's no clear answer which performs the best. You could mine a coin today and the price soars sky-high tomorrow. You could trade an altcoin and gain 10x / lose 10x tomorrow. The bottom line is you need to do your due diligence before you start to invest. I myself lost almost 1k in a so-called bitcoin cloud mining program.

it depend on your capital, if you have the patience to learn more about mining and what you need to run a good small farm, you will not need a cloud that will likely scam you

trading is a high risk, and i don't like it, with mining you are sure to have a return every day even if small you still keep the value of what you bought to mine, that's is the beauty

the bad part is that it require a considerable amount of money to enter in play at the beginning

Ofcourse trading is majority favored. Cloudmining will takes years to get some profits to it. Trading is an instant profit and more profitable than cloudmining. Trading is risky but its worth the profit you can gain from trading than investing on cloudmining. Theres no guarantee that the cloudmining you've invested will run for many years or month. Sometimes they will just disappear without notice. Its better to play your own game than giving away your money.

Even if you find a non-scam cloudmining you will not be able to make a profit. Trading despite having a basic rule that is "buy low, sell high" apply this which is the tricky. It demands a lot of knowledge and experience. In time, if you do not give up on the path, it begins to work.

Cloud mining means investing but if we'll say truth, it's investment without profit. For profit it's better to trade or invest in some ICO. In most cases avoid cloud mining because legit one as I know is hashnest but it's not easy to get profit from them and if you'll reach profit, you'll need 2-3 year for that, if you can by miners and mine at home.
To my mind trading is better but it's not easy to double your bitcoins, you need time for that, if you want instant double you can bet on sport games but it's worst you can to do.

Two things about your plan. First if you are going to sell bitcoins for paypal, think twice about it. The number one scam in the bitcoin world is buying bitcoins with paypal then do a chargeback, the seller loses the bitcoin and the paypal fund. Regards cloud mining, be careful here too. There are more scams than real cloud mining. Also do not expect to double your bitcoins through cloud mining, if the cloud mining offers to double it in a short span of time, don't be fooled. It is a scam for sure.

Trading imo is better and safer, however if you want to invwst in cloud mining its cheaper to just buy someones account that theyve bought mining stuff on.

(Shameless self promotion)
https://bitcointalk.org/index.php?topic=1774524.new#new


I mean i invested about 6-7k and want 1300 = huge savings off the bat but then it comes down to is ROI+gains achievable?

All these three  are profitable and risky,cloudmining is not what it used to be,unless you prefer to mine new coin with good potential in the future,selling bitcoin using paypal is very high risk it violated tos of paypal and you will likely to get restricted once caught,trading needs a lot of research and study and takes time and control of emotion.

Disagree. Better get that patience in other risky method out there since capital that will be used in establishing that kind of way is not a joke. It's easy to say "decent capital" but when people are in the situation they will surprised for the cost and spendings they will encountered.


The risk is same with mining and for me much riskier. The time that will spend by building enough knowledge in mining is better be used to learn how trading works.


This is what Im agree. But in trading BTC1 is considerable amount to start unlike in mining that BTC1 is really small out of the whole capital that will be used.

Indeed, also in mining, you have to invest an enormous amount of money, and you have to ROI before you even get back your money. Unlike in trading, you deposit the money and earn off of it while it is there in the trading platform. You can just sell every asset you have in trading and exit when you had enough. Unlike in mining you have to sell the miners you bought and usually they get depreciated before you even try to sell it hence you lost a lot of money when you sell them.

For me is investing and trading it help you to grow your Bitcoin or even double it.I recommend you to invest in popular ICO its a short term investment after the ICO ends and they release on exchange you can sell your token their by trading it.

Not cloudmining. From what I get in my junk mail folder from these sites it would take 5-6 months just to get back a roi and that is without any profit.
They charge alot in fees called electricity fees and whatever they wish to call them but it is really not worth it.
I would venture to say start in trading but find a good site to sign up with that doesn't charge too much in transaction fees. Some even charge you one to deposit into your own account. So figure that one out. :-\
There are two sites that come to mind when you mentioned localbitcoins. Paxful which has a promotion going on for signing up an account with them and the other one is virwox where you can buy bitcoins from them.
You can try each of them out to see which one fits your needs.
Good luck with your adventure into the bitcoin investing world. :)

my recommendation is trading, investing. you need to learn in trading before you do trading. its not good to do cloud mining because there is take too much times to get ROI if the sites still online. so better doing trading and if you have a good skills in trading then you can get much of profit so the choice its up to you.

how is the risk the same with mining when the mining still hold its value after you purchase all the equipment while with trading you are constantly at 40% of risk, assuming you are so good to maintain a 60% +ev on the long term, which is unlikely...

with minign there is virtually no risk, even if roi is very long you can always sell back what you bought for at least 80% of its value, if we talk about new gen cards

i would rather go on trading since in cloudmining we cannot get an assurance that we can earn on then or get a decent roi for long time investing at them, while in tradings we are the one who's controlling our faith and luck for a certain time,


I can't trust cloudminings for now neither investing in them since im very sure that they will come to steal our money.

It would be good decision to try out trading as you have control of the activities that go on and can pull the plug anytime unlike cloud mining which might easily be shutdown by law enforcers or turn out to be a ponzi site!

Mine at home isnt currently a bad option if you have a good capital, but the cost are high and you need a great energy cost, to achieve roi on the shortest time. Trading is an amazing way to go invest even with some risks around it that might make you loose money. Cloud mining in the general its medium long investment, and theres is no sure that they will be live when you should expect to roi, currently you have something like 11-14 months to roi into hasnet, i dont know about others clouds, but you can sell your hash to others soo the roi time if you sell all your hash might be achieved into 4 monhts.

That feature, "pull the plug anytime", is really the best feature that would distinguish trading from mining. Since in trading you don't actually lose the money you invest nor does it disappear, it only gets converted. Unlike in mining, you have to spend for the miners which is really expensive and the price of resale is not very attractive when the time comes that you want to quit mining.

Most of the cloud mining investments are ponzi schemes only. Better try a kick on localbitcoins and do trading with low investment in the starting time. You need a have trusted account to have trade with the trusted people in the LBC site. Please beware of new account guys and low trust people while you have the trade.

doing trading is good choice for new people because if we do it with right, the opportunity for us to make much of money is wide open but we need to learn more in trading and we must increase our skill to get the money. and since i only have small hashrate in cloud mining, i would not suggest to go with cloudmining especially for free cloud mining because they can run away any time.

Cloud mining, are you serious? I'm allergic with cloud mining, almost cloud mining just offer you hyip. It's better to invest or trade your btc. If you want to invest and get daily interest, you can try bter exchange(support some altcoin) or liqui.io exchange, it's better than other hyip. Use hashflare or genesismining for cloud mining, i wont recomend other cloud mining

I will choose trading and investing for making profit.Trading and investing can give you good profit in short time.Investing is more riskier because there is scammer everywhere.I think investing On ICO can give good profit but you must choose the legit one.I am not interested on mining because there's no legit mining.

If those are my options, I'd definitely chose trading bitcoins be it localbitcoins or someother trading platform. Most of the cloudmining that I've come across have turned out to be a scam and I would advice everyone against investing in them. If you actually know the owner of the site, then probably cloudmining is a better option.

It is either a scam or you won't earn anything from the investment in the cloud mining you bought. It's quite hard to assess a real cloud mining anyway, that is why maybe the best thing to do is just trade than investing into mining. Cloud mining and solo mining (or even joining pools) don't seem as lucrative as before.

instead of mining why just buy cheap altcoins with potential on the exchanges.Less hassle and you more then likely make the same profit if the coin goes up.Mining for guys with big sets up in china who have cheap electricity  and internet

There is quite a big risk when you buy altcoins as some of them really don't go up anymore and just die. When the altcoins die then the money you invested in them dies with it. I think if you don't know what you're doing don't do it. Trading isn't that easy but I think it is still a better alternative than mining bitcoins yourself. Another option is to mine altcoins, that can be profitable too.

No man, cloud mining is not the best way to double your bitcoins, it is better if you are going to grow your bitcoins by simple trading on any exchange or trading platform. It seems that you want to support your investment by cloud mining but it is not going to work out. I would say that you should avoid cloud mining because it can pull you down.

i agree with this, cloud mining need long time before we can get ROI and we don't know if the sites still online for long time or not because on one will know for this. if you are good in gambling games or sports betting, then maybe you can considering to make a bets in sports betting because with your knowledge in sports, then you are able to win the match and you can get the money. if you choose to start selling bitcoin on localbitcoins, then its a good option too because you can get profit from that, and in the end, you can double your bitcoins in short time if you are really good recommended sellers.

If you're try to use cloudmining site and you will never meet with your ROI. the cloudmining system just offering the user is giving a free loan to the companies and according from the reliable soure using cloudmining site is also including on the shady activities. never use it. and try the other.

Those reliable source that you are saying are in fact right. Most of the cloud mining sites are into one aim which is faking its real service.

Though there are some legitimate cloud mining but you will just end up nothing upon recovering your investment.

Better to look for some other back up source of income aside from trading.

There are some people in my country providing their own cloud mining services and they are more reliable than other sources on the internet. I only invest my money in some projects which I can easily follow them and carefully secure my fund and capital. Cloud mining is not bad, only the people who create it for illegal purposes are bad

That is the risk we really don't have an idea until when they are going to operate. Though some other cloud mining sites has contract with their investors but they can still broke that contract as there is no physical contact and contract to the investors. This is really a very risky way of supporting your own investment.

If you think that those cloud mining services in your country are reliable then go for it but I warned you guys already with these type of investments.

Most of the cloud mining are the same and they're image are becoming bad because most of them are ending up to scam.

So we can't blame people because many of us here did experience some bad things with them already.

I would recommend that you to make trades. because the current trading is the most powerful way to get more bitcoin. and also do trading risk is not too great. we should be prosecuted for careful and clever in taking any decision to sell and buy bitcoin / altcoin.

It depends because not all the time a person knows how to trade but he doesnt know how to trade properly but it is going to be an advantage for him if he is going to trade amount, if he knows how to handle his trades and capital. There are people who are scared of risks and he should know that or else he can just hold it for better.

i will not suggest you cloud mining as we know there are too much fraud cloud mining, only 3 cloud mining which still pay their investor. try trading altcoin to double your bitcoin.

Well the best way to double your bitcoin is by trading. I don't recommend using cloud mining as it will not give you profit. PLUS, almost all cloudmining companies are SCAMS. They will just make your bitcoins turn into ash.

But, if you want to engage in trading. Make sure to have a research first on the coin you are trading as there are many Scam Coins scattered in the trading platform. Of course, we can't deny the fact that every investment, there is a risk of loosing money. But we can't remove that, instead we can minimize it by means of having a research and a good decision making.

I have the same opinion. the current cloud mining promises only a false promise. they do not pay according to initial aggreement. a lot of people who are disadvantaged and impoverished because of cloud mining. is not very recommend cloud mining as a way of getting bitcoin.

Exactly, but even the paying website will take lot of time to mature our investments, cloud mining is always risky when it comes to investing. Yes trading is always better to make more money when compared to cloud mining. Trading will give more profits when compared to cloud mining.

Of course, Trading is the better. I don't like investing in cloud mining sites. which they always scammers. I have a bad experience in theses sites, I lost a lot of money in them. I was scammed by many sites which they promise to get your investing money in 3 months. before the 3 month. they scam. For exemple hashoceans. So avoid to investing their and simply trading in localbitcoin. which you can get a nice profit in this domain. Good luck

Cloud mining is the worse investment to earn Bitcoins. Trading can be good, but for who doesn't have much money to risk it's not adviced too. If you want to trade in safe way, that is better, just hold, sell and buy Bitcoins. Doing this you will grow your money slowly but safe. Make sure to follow the BTC price and the events that can make the price change.

if youre option cloud mining investment or trading
iam choose trading, but not placed in localbitcoins, i think if trading in localbitcoins not competitif to can get profit

If I had spare money I'd bought a few dozens of S9 miners and start mining in my home and would've paid power bills from my spare money.
But why? because I believe in bitcoin's future which price could reach $4800 in next 2 years, so I'd start mining now when difficulty is still lower considering in future it will rise significantly.

I second the motion on it, I did experienced to invest there and hoped that I'll earn upon doing nothing but I got scammed.


Many here prefer to do trading and it's like gambling just invest what you afford to lose.


Yeah this is much pretty good and also good for substitute in investing to cloud mining.


It's not total safe at all because when the price decrease, the value of your coins will decrease too but this is much better.

I would not count on mining, especialy not on cloud mining. There are so many accusations for cloudmining for scam of all types that is better to stay out of this. Trading is risky, that is true, but at least you have fair chances to make some profit if you invest your money, time and knowledge.

Each person has different opinion about cloud mining and trading. But when it comes to practical you will make more through trading because start investing 0.01 in cloud mining and 0.01 in trading. After one week or one month compares your earning than you will make more profit with trading only.

But what if the altcoin you traded went south? How can you make sure that trading will give you profit? You cant. A lot of gullible people have fallen to the trap of the hype. Its happening in the real world and its happening in the world of cryptocurrencies now. Cloudmining is also the same kind of trap but packed differently.

I use genesis-mining almost 2 years.
Its just perfect. Payment every day always on time.
I use sha256 hash for BTC mining

If you are comfortable with meeting up with strangers then you can do what I do. I post on craigslist to sell for 15% fee. At the current price, every bitcoin I sell I earn around $200. Then I put my cash in the bank and wire it straight into bitstamp. Since the international wire fee I pay and bitstamp fee adds up to $50, I profit around $140-150 per bitcoin. If you hadn't figured this out, you really need alot of bitcoin to do this method, since the wire transfer fee is large. Just be smart about who you talk to, where you meet up, etc and its really a nice little profit. Doesn't pay the bills, but it pays for when I buy high and sell low on bitstamp lol  :'(

Not good idea to invest in bitcoin cloud mining almost all are scammer or not really profitable.. better to stay away from them..
Much better to learn in trading it is more safier low risk not the same as gambling but there is still small risk.. and you can make more profit than gambling..

Both has its own type earning method and amount can earn from it. But comparatively cloud mining is ponzi schemes at most of the time. Trading will be profitable with the small investment as well. All you need to do just be careful with the scammers and need to use the best escrow around here in the forum or else where.

How small of an investment in trading that can be made profitable are you talking about here? Im interested in starting to trade in the forum. If we base everything in your trading experience how much can I make if I start trading with .5 BTC?

It's very risky and the most possible thing to happen to you is that you can get nothing from it. At the same time your investment will be run away by the site. Since it's very attractive to invest to them with the hash power. Still don't be deceived by it, there's no such thing as trustworthy when it comes to this type of investment.

nothing is better than trading nowadays, you have to admit that. Or you can combine both trading and investing in one place which is called ICO. ICO offers you a good amount of coin before it is contributed. therefore, if you have the money and have a good vision, you can join and see what happen

You are right, indeed the best way to get bitcoin is by trading. For beginners course is difficult get the profit, it took patience and speculation. Without both of them then we will lose, we can start with small nominal, with bitcoin trading easier than fiat money.

Trade also has risks. And if you are a novice, then there is a high probability that you will lose money.
But it's not very profitable to deal with mining now, and cloud mining can be scammers

Yes cloudmining is good at first but this is not good in the long run, all cloud mining are turning to scam because they do not have real mining site they only get bitcoin or altcoin to the investors. That is why do not waste your time and bitcoin by investing in cloud mining much better to do trading method even it is risky but the chances of earning profit is higher possibility

hy, the problem on investing and cloud mining is high risk i seen many of companies not run till 3 or 4 month when it's time to get R.O.I mostly programs became scam and loose money with time. But the best way to double your bitcoin is try trading on altcoins because i saw many times every altcoin price is increasing no one go below the trend some increase day by day and some increase monthly but fact is they always increasing so purchase the coin and hold and sell that after one week or month when it's price go higher.

I cannot agree with your point of view, it is all dependant on what you invest in, and what do you exactly want to trade with.
Risk varies from the asset type and also from many other factors and you cannot simply say that trading is safer than investing: it is all up to you, what strategy and techniques you are going to use, and if they are a correct tools to achieve your goals in some specific situation.

Altcoin trading is most difficult if you actually want to get into some new, cheap crypto. You can never have any kind of guaranteee that this alt is not going to get dumped really fast, that is the biggest issue about doing that.

that's the world, where every good intention that we do there is definitely a bad thing we get. So, everything depends on us, if indeed we are to be successful then the major key is always trying and working hard. When you cannot get what it wants after making the effort and hard work, the next step is to intropeksi yourself about all the things you used to do. Because sometimes we forget to do something that in fact it is so important
 

I never believed in cloud mining. I think that they are scammers. They collect money not for equipment. Simply the moment comes and these services disappear with all the money of depositors

Why cloud mining if I may ask? If you are indeed interested in mining, then there are far better options as 99% of sites claiming to cloud mine dont even own a single hash power - that s probably the new face of ponzi. Purchasing of mining equipment for Bitcoin these days costs a fortune and it is becoming a thing for the institutions, however It is possible to rent equipment as well as join a mining pool, your investments these way would not readily go down the drain as it is sure to with cloud mining.

Subsequently, the Bitcoins you earn could be traded to make even more, but that must be after quality time must have been put into learning  the ropes in trading other than that, trading would simply turn out the drain pipe for all your efforts, time and resources.

Localbitcoins is only a peer-to-peer exchange, it does not have any features of investing in some cloud mining project or any investment programme.
You just buy and sell bitcoins there, to local people. You enter the place where you are currently in, and there is an offer to buy bitcoins for other people in your region.

Anyway, I just dont get the idea of something like that. In almost every case, cloud mining cannot be compared with investing because it is just simply losing your money: unless you got some ability to make a successful prophecies about the time, when the scam website ("cloudmining project") will be down or suspended.

Obviously, that is not possible so anyway I still advice to stay away from this type of programmes.

Just forget about investing on cloud mining, because we haven't got any legitimate website in the cloud platform. Making trades through localbitcoins and make profit out of the same. This will be quite good to earn better than just investing into cloud sites where we don't have any security on our investment.

I highly recommend trading it has a chance to double or to triple your bitcoins and i highly doubt that cloud mining/investing is profitable
you will not receive any ROI in those cloud minings and lose your money instead but trading through localbitcoins or some altcoins is a good way to earn some amount of money you can even make it a living.

IMO investing in Cloud mining is not something i would consider because of how long it takes to make a decent profit and trading on localbitcoins would be much easier and its a well known peer-to-peer Bitcoin exchange so you are guaranteed to have daily trades if you know what you doing and get some good profit in the process

Not to mention most cloud mining platforms turn out to be just ponzi scams waiting to unfold. Trading on localbitcoins is not what it proposed to be nowadays, since most people will just prefer to buy from trusted traders, you'll have a hard time getting customers to try out your service.

Agree with this, i do not want cloud mining anymore i just tried to invest in cloud mining many times but it was a same result they are all scam.
Localbitcoin trading is need to have a survey in your area if how many bitcoin users wanting to used your services and how many people are using this crypto currency.

Its not about buying and holding bro. If you invest on trading site localbitcoins, will you be able to make profit. I agree that cloud mining is mostly ponzi schemes to us but trading in lbc is best option to make investment on bitcoin.
Please check the traders in the forum, who have been doing trade at there. you can easily make profit from there with the help the continuous price change in the chart.

Yeah it's the best thing to do, don't waste your time anymore talking about cloud mining or even thinking about it.

You will just feel frustrated in the end because they had only one goal for building up that type of investment and that is to scam investors.

Trading is the best choice of all and this is what everyone is doing now, even you are not a good trader you can earn profit on it.

And don't forget that LBC is not the only choice when you want to trade btc.

Trade was and is the most profitable business both in the field of crypto-currencies and in other areas of trade. Well, if you take a separate trade Bitcoin What you need to consider is that not every user can work very well in this business. Of course, without luck in this matter anywhere.

cloud mining is not recomended investment
how much return in genesis-mining, how long can BEP in genesis mining

if have high skill trading recomended use bitcoin to trading

Well for those people that are not doing well with trading then it's up to them, because everything can be learned.

If they think they are not good at trading, it's either they are going to try it again and they will practice trading for better.

It's just a matter of experience, if they are very positive with trading, go for trading because it will give them a better way of earning.

But if they are really not concern with trading and they think negative things about it all the time, just stop.

In trade everything is very difficult and you do not need to think that everyone can cope with this business. Except for luck, you still need to have a lot of information and knowledge so that you can successfully trade and earn well. This business is not for everyone

Cloudmining isnt profitable it will take you too long time to earn profit .
Investing and trading is advisable to double your money .you need only to wait and to learn to trade well so that in time you make profit how much you want not only in double.

Investing and trading do not assure you double income.it is prefer do not waste time on cloudmining things.while investing and trading through localbitcoin is too risky,people should not use it even if it has good reputation.

I don't believe that in trading everything is difficult as long as you know how to do it and you have enough knowledge upon doing it.

It's given that luck, we need it. But if you did study and did some proper research on how to trade properly, that will be helpful.

Together with the experience that you can get, in the end you will say that trading isn't that hard. You just need to familiar and you should used to do it.

And if you are into that situation, you will glad to say it.

So how do you think is the right one that will make you get a profit .We know trading is risky but it is given the risk is we need for you to earn if you dont invest or trade you will just hold your money.

Theres only on selection on here which is "trading" and all or most people do choose it rather than on scam cloud minings and we know all about their scheme which would really end up on scam in the end which means its not really advisable to engage into these things and we should be careful because most of them do really offer huge returns which is really impossible to sustain for long thats why owners will ran away with all the bitcoin of their investors. There are lots of trading platforms to choose from not only on localbitcoins.

Sounds of course very nice about the good profits, but spoils the whole picture of the opportunity to steal the investor's investment. How then to protect yourself from this situation.

Cloud are a risk investment to try, some people had reach roi and now playing with proof, those people had joined at 2015-2016 and were able to roi in btc as well in value, nowadays looks very atractive due to price, but the roi on clouds is around 8-14 months, remember that you must get some extra ghs to follow the raise in difficult if you wanna to keep a similiar income.
Trading will let you collect some fees, you sell for 1500 and you buy for 1460 dollars, soo looks much more deal then any other way, the thing is you need to build reputation for those.

So what exactly is your recommendation as it concerns investing, trading and localbitcoin? If you say trading is risky and so should be avoided, then you need to think again, because nothing, nothing gain. Localbitcoin remains what highlights the very essence of Bitcoin - peer-to-peer transactions and it does not become risky even while dealing with strangers unless you want it to.

Trading imo is better and safer, however if you want to invwst in cloud mining its cheaper to just buy someones account that theyve bought mining stuff on.

(Shameless self promotion)
https://bitcointalk.org/index.php?topic=1774524.new#new


I mean i invested about 6-7k and want 1300 = huge savings off the bat but then it comes down to is ROI+gains achievable?

trading can be risky but if you don't trade with forms that take charge back and get proper ID it's usually fine. That's been my experience. I think mining would of been more profitable, now it seems you would need too much money for a proper setup and even then it would take while to get your ROI. I'd stick with trading for now, given the opportunity I would start a little mining farm on some new crypto coin for the heck of it.

Trading is the best and safer if you are going to compare it to cloud mining. Cloud mining is not considered by people here and most of us when hearing those investments, we are avoiding it immediately because we know they have a plan on just to scam the people. So it's better if you are going to avoid those type of investment.

Yes, cloud mining is a terrible investment, at least trading you will have a chance to grow your coins amount, while in cloud mining you are just losing money on long term. I wouldn't say trading is safer, because it's very risky, but cloud mining is something you have sure will fail, while in trading you have some chances to make profit, it will depend your prediction.

Trading gives us a much better advantage than investing in cloud mining. Current investments in cloud mining mostly do not provide confidence. Cloud mining only perform calculations in the absence of hardware miner. Very unfortunate because almost all cloud mining will end scam.

It's seems to hear funny bro. Are you assuring the mining will be best platform than trading to make bitcoin. If you see any mining option, you need to wait to achieve the profit for long time. Cost of electricity speaks as burden in this platform but cloud-mining is scam attempts as you refer a talks in the forum. It means overall mining will not provide good profit or some or ponzis. Instead you do trading make profit with price change in the chart.

Cloud mining is an investment that we should avoid because there's no good output on it, you may experience to have profit in the first place. But in the end you will have no proof of their payment anymore and they are going to scam you and their other investments. Just stay away from it and choose trading which is legit.

Cloud mining was a profitable business in the early days, now getting ROI is near to impossible. So calculated trading would be my option for you. Localbitcoins is a good, trustworthy website and preferred for trading BTC or altcoins. If BTC is too costly for you then try trading altcoins.

During the days when cloud computing went popular users preferred it, but the same when implemented to bitcoin and the financial system everything went as a scam in a short time zone. For this reason most of the users started to do trading than cloud mining and investing.

I do remember wayback before when cloud mining sites are rampant on the market which mostly fall for that one and lose up money when they starting to become scam but until now they do still exist because there are still some people do really believe on these HYIPs which causes for them to get broke in the end. Trading would really be always good speaking for long term profits because theres somehow an assurance on earning depending on how you gonna trade up.

I tried cloud mining with hashocean and we all know how that ended, trying now with GM with small amounts but my sister actually has a big contract and she's keep investing every week or so and only if the price of that alt coin increases she earns a profit otherwise every day she receives less and less.
I don't know how localbitcoins work but I heard you need to gain trust first and after doing so you could even sell Bitcoin with 10-15% over the market price.
I think localbitcoins is the logical and economical choice if you ask me.

It is because there are still few people knows this investment. And as the day goes by many potential investors are seeing that they can have enough and decent profit there but when there's a good progress on something, there will be an opposite attraction to it. And that's why it is now just leading people to be scammed.

I do not like to invest in cloudmining since i have bad experience on it. And i recommend to all that you should avoid it to make your money safe and intact.
Invest in trading is better if you have a lot of capital because value of bitcoin now is too high and i think it will continuous increasing.

I don't like to invest in cloud mining too, I did it once and lost all my money. I think to have a lot of capital isn't sufficient to start trading, you need a lot of experience and knowledge about trading to make money doing it.
If you start with much money without experience you can lose it and don't make any profit, better to start with low capital to see what happens.

Considering that cloud mining is not profitable at this time and investing into hyip after a week it will turned into scam. Trading is one of the ways to earn btc in a secure way and less risk unlike those two.

I wouldn't suggest cloud mining, In most cases its scam. I mean who would sell hashrate for some amount if he can use this hashrate for himself and be profitable?
Trading is best choice if you ask me, if you know when to put your bid then you will do great.

I have been in trading for the past 9 years and I can category tell you that trade is the best among mining, and Investment. What you just need to do is to learn and lean until you became a skillful trader. Trading is very risky but if you have skills and knowledge on how trading work, you will understand that trading is less risk than investment and because of cost of energy even than mining.

They are real scams and I did became a victim of it, those newbies should be aware that they should stop investing and believing that they can earn good amount there. It's better to get in touch with trading because this is more reliable and trustworthy type of investment. And right now trading is the most popular investment.

How it's possible to do trading for 9 years. Bitcoin is not been completed it's 9th year yet. I accept your thoughts about bitcoin trading. This is best option for any investors who are looking for btc investments.
Could mining seems Ponzi scheme ever in this forum and it won't give big profit as well. Do I would like support trading.

Its not profitable anymore because most of us wants to stay away on it because we already know that they are scam. Focus with trading its better.

doing cloud mining especially for mining bitcoin is not recommended as difficulty of bitcoin is increase so fast right now, but i think you can still can get profit if mining altcoin but i suggested you do with your own hardware and not by cloud mining. invest is not recommended too as we know that there is many hyip programs that scammed people but until now, still many people join in that hyip program. so the other option that we can do is doing trading but we need to learn some lesson in trading, it is hard if we don't know anything in trading because we can not make profit like other people.

Good suggestion or i think better to build own rig to mine altcoin that we can exchange altcoin in a good price to gain a bitcoin this is the most common way these days that actually profitable than invest your money for longer time in cloud mining before you can get profit in cloud mining they will be gone and scam..
The other alternative right now is to do marketing most of the company right now are paying in bitcoin .. so if you have skills in marketing you can gain a good profit in marketing.

Yes it's popular that cloud mining are scams and I don't know why there are some people even though they are already in bitcoin for a longer time and yet they don't understand that it is a scam. They don't want to listen to others and they don't have an idea on what's around them, go with trading it's more trustworthy.

Yes your suggestion is also good, if you want to mine, just stay away with cloud mining and it's better if you are going to mine, real mining with alt coins, this is profitable by using GPU's.

Maybe its profitable but you should seek first if your electricity cost are totally ok to make sure that you will not pay huge upon running your rigs. but if you think you can handle that well another problem is the selection of altcoins to mine on since decision making on this well be more important so that we can earn by doing this and not losing from wrong doings.

If I'm not mistaken 6 GPU's will be fine and it will give you sufficient profit depending on how much the worth of those alt coins that you are going to mine. It's like that 50%-60% from your profit monthly will be allocated to the electricity bill and the rest will be your profit or your returns of investment but for sure in the end the difficulty will be harder when there are a lot of miners already.

if i, i choose for trading better investing/cloudmining, because if you trade your coin, you can manage that coin.

#minexcoin.com

Investing in clouding mining is now a total waste of time.
The miner is the beneficiary here , who will charge for maintenance of rented rigs at your expense profit or no profit!

Unless you want to gift some scammers out there with your bitcoins stay away from paypal

It is a total waste of time because instead of investing your btc into trading and other legit profitable investments, you will have the chance to get scammed there.


And sometimes there is no real mining rig and you are only seeing a fake stats that is being made by the scammer, so this is a very risky way of investing. Just trade guys and you will earn potential good profit.

i tried cloud mining before but most them are scam it's a waste of time that I do not recommend. It's better to trading you can get profit from altcoins.

I agree, trading seems to be one of the most suggested way to grow our bitcoin as it really has a potential to give us the profit that we want and instead of taking a risk and dealing with a fake investment of shit cloud mining why not try to seriously learn trading .


Although altcoin trading is also considered to be having a high risk i would rather choose to lose some money from it instead of being scammed ;D

Yes! We have the same experience with cloud mining and it's for real, better to stay away from them and go focus with trading. Just buy those alt coins that has the potential to pump and be ready anytime to sell them as the market's fluctuation is happening from time to time. This source of bitcoin is way legit than the other choice.

Trading is far better than cloud mining but both depends on your deep knowledge on how it be done. If you put your mind into trading and you are ready to learn the rules, you will not even compare the two because trading can give you over 200% returned in month why cloud mining cannot do that except ponzi cloud mining investment.

But actually there so many people lose their money from tradings since as you can see the top 100 coins in coinmarketcap is on redtide and im pretty sure those stakers of that coin are pretty much in trouble and on other hand It is the best time to buy those coins since im pretty sure those will bounce back agan and retain to its rythm and by that time we can earn huge money for another level of staking..

And we should leave the idea about cloudmining investment since we cannot earn good profits on that.

Lending business is very risky but if you can able to handle the risk then it should be fine but always ask for strong collateral anytime you do give loans. This business is very profitable on longer runs when it goes fine .
Never invest even a single penny on cloud mining sites because most of them are just total scam.Trading is the most common way that most people would select when it terms on doubling your money but still depending on how you gonna trade well.

But you need to remember that the trader must constantly monitor the trade and have access to the exchange 24 hours. A lot of time is spent on trading. When you invest, you do nothing. Everyone does your money for you

I would give a try to localbitcoins, why? First you purchase bitcoin and you will sell them to others with your fee, soo you wont loose money doing such, the risk  that you expose your money will be lower, you need to play with bitcoin price and try the best price always, soo you can make some money with it, others options does bring a bigger risk, and clouds are a risky investment that might bring profits as well a big loss.

There is no such way to double your bitcoin.
Many cloud mining sites offer such offer to double your bitcoin but most are ponzi sites. Almost 99% of the cloudmining sites are ponzi sites.

Mining needs much investment on hardware, electricity bill, etc.
Mining would give you profit but according to the Miner you use.

Trading according to me is more profitable then cloud mining sites or Mining.
Trading requires investment, but if you are a proper researcher you can fund a proper coin to invest and accordingly you can grow your bitcoin.

    Trading on localbitcoin is a good start to earn some bitcoins. Localbitcoin is a good sites to sell or buy bitcoin. You would need some deposit there to start your account as a merchant.

Definitely trading and investing is much better compare to mining because mining is require much investment on hardware. As of today most of the small time investors in cryptoworld are using trading to earn profit just like me especially on altcoin trading. Because I do believe that even altcoin like etherum has a power to make you a high profit.

I saw many complaining that cloud mining is non profitable. But in my case its different. Last year I invested around 600 dollars in genesis mining. Within one year they have paid me 1250 dollars worth bitcoins. In the middle they stopped paying bitcoins and I thought they scammed me. But from last month onwards they resumed paying me . Nowadays they are daily paying me around 0.001 btc.

Could you care to share your figures in btc value and time periods so that we can go for calculating your ROI. Due to sudden surges in bitcoin values, you are seeming into profit zones even with cloud mining. But I am not seeing anyone else bothering about dollar values for ROI with cloud mining.

Compared to cloud mining and investing, I will always suggest to go for trading and being an exchanger in real time through localbitcoins must be a very good options in my opinion. But you are sharing a different scenario with clod mining, I like to interpret it in more depth.

Where do you invest in cloud mining?   ???
 
You are lucky enough that almost all of cloud mining always end up scam. You may still be lucky to register at the beginning, the proof now you only get a bit bitcoin from the value of the investment you spend. But I still have my stand, I will never trust cloud mining. Whatever the way because many people have been harmed by this bad system.

Yes, you are right cloud mining is always risky and at the same time trading is also risky. But when compared to cloud mining through trading we can make money because sometimes control will be in your hands but whereas cloud it is not possible.

I think you should try trading, as that can yield alot of money without taking too much of a risk. I suggest you not to accept Paypal from untrusted users though, as they could easily chargeback the money.

With cloud mining you mean a HYIP scam? That is also quite profitable, but only if you join as one of the first investors. And then you don't even know yet if they will actually pay you. And when the monitors have received payout it could be too late to start already..

Investing is probably a better option than cloud mining, as it can yield the same profit without the same risk.

Personally, I would go with either trading or investing. It really depends on what you're good at and what you need.

if we still want to do cloud mining, i think we need to search the best cloud mining service because for now, i think there are a few site that really legit. but i think if we compare between cloud mining and trading, cloud mining still have the big risk because we don't know how long the site will still online. but if we do trading, we can learn many thing in trading so we can increase our skill to reach our goals.

It would be good decision to try out trading as you have control of the activities that go on and can pull the plug anytime unlike cloud mining which might easily be shutdown by law enforcers or turn out to be a ponzi site!

To double your bitcoins it will take time and hard work, my advice is to select trading because it is the best option to earn a good profit, cloud mining is risky because mostly of them are scam. Try to learn about the market and coins you are going to buy and start trading.

In my opinion, I think trading is the best, you can earn very quick, but before you start, you should read some article on the internet to now how to analyze trading market and making right decision

With no doubt,trading has been found as the best and legit way to earn bitcoins.
Most of cloud mining farms have turned as scam nowadays except some legit farms like Genesis.
Investing would not give huge returns like trading and also we could not take back our money until the maturity period once invested.

Are you really talking about cloud mining to double your bitcoin? Seriously individually i dont at all think and trust on cloud mining. 99% cloud mining sites are ponzi and they offer all kind of ponzi schemes like double your bitcoin, etc. I just do investing and trading.
They are also many investing sites specially known as doubling sites. They say that they will doublt your bitcoin or even increase it more. Its a tktal scam. Many investing sites are proved scam. If you want to really invest your coins somewhere, you can try investbox on yobit. You can get 0.2% to 0.3% daily interest rate there for bitcoin.

Cloud mining are just ponzi and in short a big scam. Trading is more legit than ever and everyone here do trading. And it's not just with alt coin to bitcoin trading. Because when we sell bitcoin to fiat, we already do trading. Also there's a lot of people giving their insights with the possible outcome of the next market so trading is better.

You have taken right decision of selling bitcoins in localbitcoins.
But better avoid cloud mining farms as it would take around six months to even recover your investment.Also,most of them are scam.
Trading is considered as the legit option for earning bitcoins.But without prior experience,you may end with a huge loss.

Although this is too old thread to suggest OP what to do, it may be useful to the new members who try to get suggestion about the same matter.
Staying away from cloud mining will be the best decision you will ever make. Localbitcoins is a great site to trade but I would suggest not to take from Paypal as making disputes or chargeback is easy in Paypal and lots of scammers waiting to do that. Go for netteller or skrill against BTC.

Yes, this will be the simple key to get more number of bitcoins in more quick time. People already had concluded that trading is the only viable method to get more bitcoins in relatively more quick time. If trading skills are not easily acquirable then doing bitcoin based businesses must be another way to make quick bitcoins.

As described trading is the best way of profiting, but this needs good knowledge to earn good else the expense happens from our own pocket. Don't think that you don't have skills, just make yourself strong and learn to rule the sector and if this doesn't work start business on the same platform. I would always suggest to learn through localbitcoins which gives a good understanding about the base.

Skills in the sense we just need to follow up price changing the chart every minute and need to set the trading value according to it. I also use to suggest localbitcoins as a option for trading.
But recent days I noticed the deposit fee to add your bitcoin to localbitcoins wallet. This will give remarkable downfall for the localbitcoins team. You may hope this will taken away, in future you may see the fees to receive the bitcoins as well.

Investing and trading is advisable to double your money . :P

Actually one way to speed up our bitcoin wealth. By way of trading the stock exchange in altcoin.
There we can get a quick profit in every hour, even in every minute. With the movement of altcoin so fast, of course we have to precisely learn it and be good at predicting

nothing is better than trading nowadays or you can combine both trading and investing in one place which is called ICO.

Trading is always going to be better than cloud mining, there is nothing in cloud mining, just leave that alone and concentrate on anything else.  Trading on lbc is one way and there are others, you will see that sites like that have a 24 hour life cycle and that there are big differences between one hour set and another.

We will take a look, but the usual set up of these sites is to give away free hash and then act like you have a payout coming and set ridiculous withdrawal limits and require buyins at a too large amount.  Not to mention that, the website appears to be a trusted site which can be used safely.

As majority of the users suggested trading through localbitcoins or some other trading platforms is quite a good option compared to the cloud mining plans. Because till date cloud mining haven't been that effective and has not reached a stabilty level in the continued process.

Trading is the most legit source for earning bitcoins.If we have good knowledge about the current market,we could do successful trades and earn more profits.Investing in cloud mining takes more time to even recover our investment.Trading has another advantage that we could even start trading with a very small amount.

Among the selection,trading would really be the best option when we are talking about potential income and not just doubling your money but triple or even hundreds depending on how you gonna trade. Trading skills would really be needed and you are right its not really easily acquirable which means it does really need takes time to learn it but once you got the winning trading habits then for sure you are making money for long term.

Look i give you an example , It seems that the later evening hours in the USA are busier, but the rates are not there and that the early morning shows a lot of better rates, but with a limited scope of trade, so treat the people right and build a reputation.  Once you have a repute and no sign of scam people will give you good trust in local bitcoins making it good for both sender and receiver.
 

In cloud mining the return is very low and once your contract ended, you have no longer connection to them. I will always say that go trade at localbitcoins as it has a good history of trading with bitcoins or yes, there's a lot of trading platforms where you can be earning good. Make up your mind and focus in trading.

Each person has different opinion about cloud mining and trading. But when it comes to practical you will make more through trading because start investing 0.01 in cloud mining and 0.01 in trading. After one week or one month compares your earning than you will make more profit with trading only.

You can double your bitcoin trading or money exchange from paypal to bitcoin or vice versa. Nowadays only three cloud mining provide seems legit for me, hashnest, hashflare, and genesis mining. Investing your money in cloud mining will give you ROI around 10 month, according my experience on cloud mining. Dont invest in fake cloud mining that offer hyip/ponzi, just to remain you

Localbitcoins is only a peer-to-peer exchange, it does not have any features of investing in some cloud mining project or any investment programme.
You just buy and sell bitcoins there, to local people. You enter the place where you are currently in, and there is an offer to buy bitcoins for other people in your region.

Anyway, I just dont get the idea of something like that. In almost every case, cloud mining cannot be compared with investing because it is just simply losing your money: unless you got some ability to make a successful prophecies about the time, when the scam website ("cloudmining project") will be down or suspended.

Obviously, that is not possible so anyway I still advice to stay away from this type of programmes.

The thing that makes me hesitate with cloud mining is why when bitcoin prices go up then the result dropped​, right now I have some investment in cloud mining and everything like that. I recommend for trading rather than cloud mining investment.

cloud mining is a very risky investment. There is no guarantee a website cloud mining will run for long. Most of the cloud mining will only end so quickly, for various reasons such as website maintenance and hacking, until finally the cloud ming website ends with a scam. This is the very worst risk we might get.

It's better to max out your capital in trading because in cloud mining it's possible that before your contract ends you will be earning the same amount of your capital or worst comes worst you will be scammed and will don't have any return from them. As most of them are known to be a scam scheme so it's better not to trust any of them.

I think its hardly impossible to double your investment by investing in any cloud mining farms.Even you would have to wait for six months to recover your investment.Any other investment would also not help you to double your bitcoins.Investing in any altcoin and trading might help you but its highly risky.But trading is the only legit source nowadays to earn more bitcoins.

Cloud mining will not be a profitable investment nowadays.Most of them turn to be scam except some firms like genesis.Investing in gambling sites too would not yield profits regularly since it is totally based upon fortune.Trading has been the best and legit source of bitcoin from the beginning.Trading could be even started with a small amount.But greater the investment,greater the profit.

the most profitable is trading within 1 day if you are good you will double your capital mining is a good way to earn but you will need capital to buy some serious rig and it takes time a little bit for you to get profit from it. I guess the most good option for you is trading and not just a trader but a super trader on all side you know that  altcoins is so tricky that you wouldn't know you buy high eyye blink it will fall down.

Actually, when trading on the stock exchange you can make good money, but this does not apply to Bitcoin. During the day, Bitcoin is quite stable. If we consider the price difference in translation about a week, then this is another matter.

Most of cloud mining sites have turned out to be spam nowadays except some sites like genesis.
I have no clear idea about investing.
Trading is the best option for earning bitcoins.Trading could be started even by investing a very small amount.But experience is needed to minimize the risks and losses.

It was not hardly impossible,but it was impossible.
Cloud mining is not profitable these year,if we're in early 2014ish,we might be can double our investment but not right now.the problem is the difficulty and also when you buy a contract today what will you get today and tommorow will be different.plus we need to pay a fee which is very high.some people (or even many people)  complained that their contract no longer profitable.

I prefer to trade other than cloud mining,but i do not recommend to trade on localbitcoin because my account get hacked multiple times and i do not know what is going on.from my observation,many phising website came up when i tried to login on localbitcoin.

All of them soon will turn out into a scam and even those so called "legit" cloud mining ones are offering ridiculous contracts that there is a slow ROI and you can possibly can't get the capital that you did invested into them. So it's always better to just trade in local bitcoins on any platform that has a lot of alt coins to be bought.

I am against localbitcoin platform ,though it has similar type of selling and buying just like any other forum but here at least you can hire a escrow for safety.and if you thinking of using it then always go second and do not trust them no matter what the rating they have.

Cloud Mining is the process of bitcoin mining utilizing a remote data center with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. There are many cloud mining scams.this mining gives the details of bitcoin transactions.

I rather go for trading than invest my money into cloud mining. Cloud mining sites are all the same– criminals. It will be better you don’t waste your precious money there. There are much better out there to do than that.

For me I do prefer to use the investment and trading if I wanted my money to get double. Investment is pretty good when it comes on gaining a profit however it will takes time in order for you money to get double. Next is trading, I chose trading because I also earning in this way and I guess it is effective however it requires a experience and knowledge about bitcoin since trading is a tough job. Regarding on cloud mining I never been try it before so I can't tell if there's a possibility for you to gain profit here.

you get good idea friend but once you are enter in to this field then you want to earn some more bit coins. bit coin trading and localbitcoin is very easy process to earn bit coins. but mining give to some more profit compare to trading/localbitcoin and investing. but in mining need more money and time and electricity. but if you have to effort on that just try it once. for earning profit is it one of the good way.

Cloud mining is a place wich can make you get easy money, for example hashnest is a place where you can trade daily your hash being able to grow your coins with those and earn from mining as well. Being able to trade is something not all has balls to give a try since anybody can loose money into it, unlike localbitcoins, wich is a service you will provide, soo you buy lets say 10 bitcoins at the daily cost and sell it a bit expensive for profit.

I dont make the localbitcoin option just and soo far im very happy to had invested into hashnest as well keep doing trading.

Like you said cloud mining is a best place you can get earnings easily than trading on local bitcoins.So you need enough investment for the mining process and join in the good pools will give you good rewards.But if you have the trading skill you can trade those mined bitcoins to earn extra profit.We have to try every ways available to earn money.Best of luck.

You can start selling bitcoin but stay away in using paypal as your mode of payment because they can  reverse their payment to you within 180days and you get nothing. I also dont believe in cloud mining later or sooner they will just run the money of their depositor. If you have big capital buy mining rig and start mining cryptocurrency.

Friends said that they do not pay for cloud mining

Yes they don't pay at the end of your investment. Their scheme is they'll pay for the early investors to make it look legit but once they've got a lot of investors that's the time that they'll start to execute their plan. And that is to scam people and when they've got enough investors that invested big amount to them, they will just go without even saying good bye to them.

Well based on my experience trading and investment is more appropriate if you wanted to double your bitcoins. I have no enough knowledge on cloud mining but I can assure that trading and investment is much better. I have been try cloud mining but I never been withdraw my savings in that site hence, I stay away from it.