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erickkyut (OP)
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June 06, 2016, 07:20:39 AM |
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Which is better: Invest my Bitcoin on legit mining sites and purchased power before the halving because it is currently cheap or save my bitcoin and trade it after the halving because its value might be doubled?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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June 06, 2016, 08:28:11 AM |
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If you're talking about cloud mining websites, it is best to stay away from those as there are quite the number of scams in that area. or save my bitcoin and trade it after the halving because its value might be doubled?
You should be using your bitcoins and not trading them back to fiat which is pointlessly redundant. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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erickkyut (OP)
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June 06, 2016, 09:14:39 AM |
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You mean trading bitcoin is not advisable? But why? Some says that it is one of the easiest way to earn. You will buy low and then sell high just like in stock market.
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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June 06, 2016, 09:38:40 AM |
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You mean trading bitcoin is not advisable? But why? Some says that it is one of the easiest way to earn. You will buy low and then sell high just like in stock market.
You view this wrongly. Bitcoin is supposed to be a currency. What you are doing is the equivalent to: - Buy EUR with USD.
- Wait for EUR to be more valuable in USD equivalent.
- Don't buy goods with EUR -> convert to USD to buy the same goods that could have been bought with EUR.
Unless you plan on engaging in trading constantly (in order to try and keep profiting from the volatility), then the last step is redundant. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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yenxz
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June 06, 2016, 10:37:35 AM |
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Which is better: Invest my Bitcoin on legit mining sites and purchased power before the halving because it is currently cheap or save my bitcoin and trade it after the halving because its value might be doubled?
Normally,if we invest on mining site,we can't get profit directly,and can't get our full bitcoin when halving come,so wen can't trade with high amount.but if we hold bitcoin until halving come,we can directly trade bitcoin,that's good. |
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romero121
Legendary
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Activity: 3164
Merit: 1213
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June 06, 2016, 10:46:44 AM |
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Which is better: Invest my Bitcoin on legit mining sites and purchased power before the halving because it is currently cheap or save my bitcoin and trade it after the halving because its value might be doubled?
Better is to go after halving, because based upon the effect on the halving mining sites will fix the price. So accordingly you have higher possibility to get additional income. |
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daniobg
Full Member
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Activity: 232
Merit: 105
Solarcoin.org
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June 06, 2016, 10:56:21 AM |
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You mean trading bitcoin is not advisable? But why? Some says that it is one of the easiest way to earn. You will buy low and then sell high just like in stock market.
Well I think that you have already missed the train if we talk "before the halving" since the pump has already started... Well there may be a few tickets left, but the spots that you will seat are risky and you may fall from the train devastated... I'm not saying it's too late to get in the train, but you must decide if you are willing to loose some bags, before arriving at the desired destination  Now the other scenario that you suggest and that will be "after the halving" is in the future and so far no one seems to know what the future may bring  |
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HilbillyFred
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June 06, 2016, 03:26:24 PM |
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You mean trading bitcoin is not advisable? But why? Some says that it is one of the easiest way to earn. You will buy low and then sell high just like in stock market.
Well I think that you have already missed the train if we talk "before the halving" since the pump has already started... Well there may be a few tickets left, but the spots that you will seat are risky and you may fall from the train devastated... I'm not saying it's too late to get in the train, but you must decide if you are willing to loose some bags, before arriving at the desired destination Now the other scenario that you suggest and that will be "after the halving" is in the future and so far no one seems to know what the future may bring Everyone was hoping that the value of Bitcoin will rise a lot in the halving but not that many people are now happy with the value because it was also a long time stable. So it didnt change that much but it will be still higher than it before was so that is nice. |
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~Bitcoin~
Legendary
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Activity: 994
Merit: 1000
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June 06, 2016, 04:03:45 PM |
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legit mining site? i don't know any of the cloud mining site are actually legal. Be aware of the fact that no any cloud mining can sustain for longer period if they fail to get new investors daily. Better you just buy bitcoin before halving and sell after halving.
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pedrog
Legendary
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June 06, 2016, 05:05:49 PM |
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Stay away from mining, buy bitcoin and hold until you think the price is right to sell, or to spend.
Don't give too much attention to the halvening.
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2legit2
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June 06, 2016, 07:48:59 PM |
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Which is better: Invest my Bitcoin on legit mining sites and purchased power before the halving because it is currently cheap or save my bitcoin and trade it after the halving because its value might be doubled?
well i don't think that you should in invest in any mining site, because it's profit is usually pretty slow and with halving in 1 month only you will want very fast profit so i think that you should just buy bitcoins now and keep them in your wallet, this will be much easier and maybe will bring you more profit than with other way that you think about |
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gogodr
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June 06, 2016, 08:29:45 PM |
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I feel like there will be a an upswing in value of Bitcoin after the halvening so might as well just hang onto them.
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Joel_Jantsen
Legendary
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Activity: 1876
Merit: 1308
Get your game girl
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June 06, 2016, 08:53:19 PM |
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Which is better: Invest my Bitcoin on legit mining sites and purchased power before the halving because it is currently cheap or save my bitcoin and trade it after the halving because its value might be doubled?
It is not wise to invest your bitcoins on any mining sites generally because 99% of them are total scams.Even if you find a good legit one,after they have recovered their money ,they will have to dump the business one day.The crazy rising of the prices is just an indication for your coins to be at their safest place that is your wallet.Don't fall for silly investments right now,buy more bitcoins and sell them after halving that's how you can actually make good profits. |
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bittrojan
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June 07, 2016, 07:41:48 AM |
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Which is better: Invest my Bitcoin on legit mining sites and purchased power before the halving because it is currently cheap or save my bitcoin and trade it after the halving because its value might be doubled?
people will not suggest you to invest your bitcoin when halving nearly come,you have better to hold your bitcoin until halving,or at least until a month after bitcoin halving,and if you got some profit from bitcoin trading,then keep that money for waiting bitcoin price low again,then buy bitcoin and invest on legit cloud mining. |
ICO investor. Miner. Bagholder Extraordinaire!
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Dwelach
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June 07, 2016, 02:09:18 PM
Last edit: June 07, 2016, 02:51:19 PM by Dwelach |
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Which is better: Invest my Bitcoin on legit mining sites and purchased power before the halving because it is currently cheap or save my bitcoin and trade it after the halving because its value might be doubled?
people will not suggest you to invest your bitcoin when halving nearly come,you have better to hold your bitcoin until halving,or at least until a month after bitcoin halving,and if you got some profit from bitcoin trading,then keep that money for waiting bitcoin price low again,then buy bitcoin and invest on legit cloud mining. Before the halving it was allot easier to mine the coins for sure but now im mining that slow i think the small miners needs to stop because it is only profitable for big mining companys with allot of miners small users can better stop mining. |
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Altcoinsupporter
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June 07, 2016, 02:29:42 PM |
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If you're talking about cloud mining websites, it is best to stay away from those as there are quite the number of scams in that area. or save my bitcoin and trade it after the halving because its value might be doubled?
You should be using your bitcoins and not trading them back to fiat which is pointlessly redundant. You can now see that the value of Bitcoin is rising slowly now before even the halving so that is really nice but it wont be that easy to predict the value of Bitcoin. But the halving will be not that best and not that bad also for Bitcoin. |
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erickkyut (OP)
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June 07, 2016, 02:43:32 PM |
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Then it is much better for me to save my bitcoin for now and wait after the halving? Is it still advisable to invest on the mining sites after the halving? If not, how can I earn more Bitcoin after the halving if most of the mining sites will stop operating?
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gogodr
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June 07, 2016, 05:42:41 PM |
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Then it is much better for me to save my bitcoin for now and wait after the halving? Is it still advisable to invest on the mining sites after the halving? If not, how can I earn more Bitcoin after the halving if most of the mining sites will stop operating?
Don't invest in mining sites. Most of the time you'll only lose money. Just but btc and hold, look to sell in the 2k range. |
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Cxinbolen
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June 07, 2016, 11:16:03 PM |
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Then it is much better for me to save my bitcoin for now and wait after the halving? Is it still advisable to invest on the mining sites after the halving?
If you haven't gotten the point yet, here it is: don't invest in mining sites. They are ponzi sites that will eventually collapse and run with your money; if the cloud mining sites are legit, then there is practically no way that they're profitable. Just steer away. If not, how can I earn more Bitcoin after the halving if most of the mining sites will stop operating?
You mentioned one way up at the very top; start trading bitcoin. It can be a risky business (twice as easy to lose than to earn) but once you learn, hopefully you'll earn a couple coins here and there. The other way is to get a job. Online or physical, it's up to you. Use the money that you get to buy bitcoin (or get an employer that pays in bitcoin) and ta-da! You have more bitcoin. |
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erickkyut (OP)
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June 08, 2016, 12:05:14 AM |
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Yes trying to learn about the trading industry. I already earned a couple of Bitcoin. I'm still looking here for an employer that can give me a job I can work out. Thanks for your advice  |
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