Bitcoin Forum

Good evening. I was now talking to several people, who are deeply into crypto and as far as i understand, there are basically 3 main types of work with promising alts. We either just choose ones and trade, just invest and wait or mine. Which options are more suitable, from your point of view? Which alts are the most interesting? Is mining/trading/investing profitable? Also very interested to know your personal real life examples and cases. Thanks!

But as for you, which option is the most attractive? Do you mostly trade or mine? As for mining, do you believe it to be profitable these days? And of course, what alts are you following? The main ones, of course

From my point of view, Altcoin is good to buy now is ETH, BNB, and LTC. I have watched this coin for a long time and now a very good decision if you want to invest. I have a prediction that at the end of the year 2019 coin price especially Altcoin will rise.

I will prefer to do the first and second choice but not for the third choice and why. First and second choice will give you short term ROI while at the same time to mine crypto is so difficult compared with buy trade or buy to invest.
to mine crypto needs a lot of knowledge.

Mining is slowly getting profitable again, so I would wait for another price improvement to get into mining. Trading is very risky and you need to be really good in making technical analysis and almost predicting the price. Buy and hold is not the best strategy as we have seen in 2018, so try to mix them all together.

But as far as I understand, much also depends on the particular equipment in mining, isn't it?

I would say that yes, of course. It cannot simply go another way. Cause mining definitely depends on devices you use

And have you ever tried mining on your own? or you mostly trade/hold coins? If so, did you mine professionally?

I used to mine on my own, yes. Cannot say that it was professional, but I used advanced equipment, yes.

How do you choose one? Probably you can give me the name of the device, so I can search it up?

To tell the truth, I was buying from the company that has a truly wide range of different devices. This way it is easier to choose the exact miner that suits your own needs

Oh, I see. Well, probably you can give me the company name? I mean the one that sells.. Would be interested to find out more, to tell the truth

As for me, I'm more conversant with trading. I usually buy altcoins with low market cap which have great future prospects for mid to long term hold. Also, I day trade for small profits. I wish to begin mining but I just have little knowledge about it. If there are any superb clues to mining, I am interested to broaden my knowledge.

Sure, I can. The company is rather popular + having wide range of devices, have a look. Asicequipment com.

Will have a look shortly, thanks a lot! Any particular devices? Or just the ones that suit me best?

I would probably recommend having a look at Antimier S17 and T17. But of course, check the ones that suit your the best at first

In my opinion, most prospects that we can make or earn profits for altcoins are trading and investing. But, we must be selective in deciding which coins are better for trading and which coins for investment. They may be different from each other because every coin has a certain trading volume and circulation on the market exchange.

There are overlaps between trading, investing, and mining. Miners should not mine coins and sell their coins directly. They should hold their coins and wait for good price to sell. This approach is similar to investing. After selling coins from mining process, they might wait price drops to buy back and enrich total coins they have; that is trading. So, it is difficult to clearly differentiate trading, investing, and mining.

Investing is good, however you must secure your funds as these markets are so volatile. Guys wrote about asic miners, they are expensive but worth investing I suppose. I have bought a miner in late 2018 as well, just to secure myself from dead loss ;D

Why asic miners are a way better option? They are really expensive, I have considered mining but successful mining requires many productive rigs. I don't have thousands in my pocket :-[

you don't have to invest thousands. just afford yourself one miner and use it in a year you will have a miner income and trade as well.

They are many possibilities to own asic rigs now. For example S17 model on clearance on asicequipment com. All is possible if you are ready to search and work for it a bit

Asic miner you can use for a long time it will bring you thousands of usd. Asic rigs are more stable and significantly easier to handle it. Just plug in and enjoy. Old miners are fragile and hard to keep cleaned

Gotcha, sound really interesting!  ;D

This is really a very difficult problem to solve, I always have a headache when I find myself a coin to keep. The wrong mistake, I wonder between 2 currencies A and B, when I buy A and keep it, B increases A, when I sell A to buy B then A increases and B decreases. I'm really stuck when I find myself a coin to hold

Why not T17 cause the price is the same ????

It is sold out and out of stock, you blind?
https://asicequipment.com/product/antminer-t17-40th-s/

This is true, however still there are very attractive ones to mine, as I see from my own perspective

Probably then we should consider the leading currencies in here. Like BTC, ETH, LTC and else.. And as many people have shared, also considering costs

But costs also greatly depend on the country, on the equipment and many other criteria, aren't they? So how can we consider mining then?

Yep, for sure many factors that matter. And this is why the question of mining choice is rather important.. And as I see, guys are recommending very advanced solutions in the thread. But of course, you should also consider trading and holding

And as for you, have you used any from the list guys recommend in here? I mean the ones from Asicequipment?

Yes, I have. I've tried Antiminer S17 and T17, both models are very productive. Are you comparing to trading or holding mostly?

I would say holding.. Kinda I see it being closer to mining, as this is more or less passive

Then I would probably recommend you having a look at S17 at first. Plus Asicequipment is offering a free delivery, as I know, so you can try everything on your own much cheaper ;)

Anyway, will need to have a closer look. Because so far, as I see, you all are having different opinion regarding what is more beneficial...

You should evaluate everything on your own.. But good equipment definitely makes mining more profitable

Its your choice,some will find trading easier than investing and some prefer mining than trading,i think you should try it out to know the one that will suit you,i ve done the three but i later exclude trading which is the most dangerous one on the list

All the work that you mentioned is very interesting and has many examples of cases, not even a few members here who share their experiences in each of the jobs. Now you only need to determine your passion, where the work that you think is suitable. Sometimes person A works as a trader, and person B works as an investor, then person A wants to be an investor and he experiences a loss, well means that person A does not have experience or investment is not his passion.


Long-term investment is indeed easier than having to trade daily, but you need to know that if accumulated between long-term investments and short-term trades, short-term trading income is far more.

Both jobs are indeed not easy, we must be able to analyze the market properly, not only in short-term trading but also in long-term investments, because we cannot take positions carelessly.

For me i chose investing over mining and trading,with investing all you have to do is learn how to find working projects with working products but mining is no more profitable anymore even with high end cards you won't get ROI in a year and trading should be crowned the king of quick loss

trading is very profitable if you know the way at least you understand technical analysis or fundamentals.  if investment is still new, in my opinion BNB has good long-term potential.  talking about mining for now seems like the cost is too big

all have the opportunity to benefit from all prospects such as investing, trading and mining. we just want to choose a more specific direction and interest by each of us. for myself I prefer altcoin investment.

There is none of the options that is not suitable, it just depend on individual’s interest and their ability which also depends on their level of knowledge and strategy, if you take a look at trading, everyone wants to trade altcoins, but because they lack the ability or understanding to do so, they stay away from it.

Mining on the other hand is also a desire of most people because it can really be a very big profitable business in the long run, but the cost of mining these coins are not that cheap for every average investor to be able to run, so the last option is basically the most favorable and most simple of all for most investors, you buy coin through research and then wait for it to increase. I personally practice this more than every other option that you have there because it is what I capable of that i am doing not because it is the most profitable one.

The choice is yours to make and many will prefer investing over mining because setting up mining rigs cost a lot and remember that electricity fee is there too

In my opinion, mining or directly buying on the market and hold for the long term is the same thing. Mining on certain coins must be for the long term as well as investment. As long as the project is good and traded on a large exchanger, I think both things are worth doing

First, every forum user here has different goals from each other, many of them work between trade, investment and mining. and of course it all depends on how skilled you are before taking part in it. I am personally here to take part in the gift project, invest and occasionally trade. Besides that there are also many other things that you need to know and are important to adapt in this forum. I mean looking for other knowledge that you have never known. I hope you mean this statement.

If you have a large amount of capital and enough knowledge to manage your finances well, all options are right for you. But if you have limited funds, you should only buy and hold the coin.
A little better, you can use a lot of money to trade alts at times of volatility, you can get 5% - 8% every day if you catch up with the trend.
When you have a lot of money and have a good power supply, you should Bitcoin mining.
mining bitcoin is always profitable because every day billions of dollars are traded and excavators will have to operate continuously and get the highest productivity.
Besides, Bitcoin's price is also high and this is a good opportunity for mining.

They are all profitable. But mining nowadays is not that profitable now, however I prefer most trading. Just only choose promising altcoins to trade mainly eth, bnb and those who are on top list. But if you like to do some long term trades, choose main coins like BTC and ETH. If you are a hardworking and serious trader, it is not impossible to gain what you are aiming.

The profitability of the activities you listed is highly dependent on your personal professional qualities and the current market situation. Mining can be very profitable for a certain period of time, as it was in 2017, and then its yield drops sharply and making good money on this becomes problematic. Trading requires a lot of free time and the ability of a person to learn, so not everyone can do it. And investment attracts with its simplicity, but in fact most people lose money on it. I like the idea of ​​combining all this at the same time, it could bring a good result.

Altcoins fell a little bit when bitcoin surpassed $10000 hours ago, but just around one hour ago, bitcoin dumped to nearly $9400, that will give altcoins chance to rise again. Altcoins might rise higher if bitcoin won't be able to maintain its price above $9000 in coming days, till the end of this month. Next few days are very important for bitcoin.

if from my point of view I am more interested in trading, compared to the others. especially if mining requires a large amount of money to prepare equipment. the results of the trading that I do are enough to eat everyday. besides that I also invest in a number of altcoins at the moment like ethereum, bnb and xrp.

how attractive the coin will depend on how much hashrate that you can get if you are having a little hash rate power and you will always get the lose only because what you must be paid will be deficit compared with what will you get from your mining rig.

You are right, but high total hashrates on network do not a good indicator that price is rising. Sometimes, high hashrates conincidences with high price when people move their coins to take profits, and miners join mining more to get profits. However, high hashrates sometimes belong to period when coins hit their bottom ranges, when people panicly selling at bottoms.