Buying BTC vs Mining it

[BobK71]

at 20k? you would buy Bitcoin than mining this? or because you only have small funds and just buying small part for at least having bitcoin in your wallet?

I support yours because mining nowadays is indeed having a little chance of earning than buying the coin and keeping it on your wallets.

I think more profitable with buying bitcoin although with small fund and keep holding in wallet without need to pay electricity than used small fund to buy mining tools, actually small fund just get low budget for buying mining tools except need to pay monthly electricity. But and invested with bitcoin although small fund we don't worry about payment bill electricity every month, I think need bigger fund support for mining depending several items with mining tools have expensive price. Investing in bitcoin we can sell anytime we want if bitcoin reaching higher price and seems faster to get back our capital than used to buy mining tools.

Buying is more suitable than mining if you have the necessary funds. Because if the price of Bitcoin falls further, then mining has has to face  more losses. On the other hand, money spent on various equipment can also be another cause of loss. Considering the current time I think buying is better than mining.

[bitterguy28]

at 20k? you would buy Bitcoin than mining this? or because you only have small funds and just buying small part for at least having bitcoin in your wallet?

I support yours because mining nowadays is indeed having a little chance of earning than buying the coin and keeping it on your wallets.

I think more profitable with buying bitcoin although with small fund and keep holding in wallet without need to pay electricity than used small fund to buy mining tools, actually small fund just get low budget for buying mining tools except need to pay monthly electricity. But and invested with bitcoin although small fund we don't worry about payment bill electricity every month, I think need bigger fund support for mining depending several items with mining tools have expensive price. Investing in bitcoin we can sell anytime we want if bitcoin reaching higher price and seems faster to get back our capital than used to buy mining tools.

Mining is better if your country is electricity friendly meaning the cost of mining would be so much low and you can still profit. I tried mining back in the years but since our electricity is much expensive than others? i stopped the  operation and just focus in Buying bitcoin and some altcoins that I think will help me out.

[EarnOnVictor]

I think mining will be considered profitable if it can generate a income enough for ofsetting the cost of electricity of mining.. which now a days seem very difficult for bitcoin.so yes buying at current lows seems sensible. But yes keep hodling it long enough for making gains.

What matters are the time, energy and prospect/plan of the person? Some might want to mine for the money, but mining is not like before, which discourages many people. Miners of many years ago earned more in BTC, but it is not really worth the time and the energy it consumes these days.

Having said that, in my case, I prefer buying Bitcoin to mining. Yet, I will not just buy it, I will buy it at the right time after carefully speculating its bullishness. If one could sell when it is bearish and always buy when it is bullish, many profits would be earned more than the miners.