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Author Topic: Cloud mining/Investing or trading on localbitcoins?  (Read 11900 times)
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batang_bitcoin
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May 17, 2017, 08:41:38 PM
 #121

Investing in clouding mining is now a total waste of time.
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.

The miner is the beneficiary here , who will charge for maintenance of rented rigs at your expense profit or no profit!

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.




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May 22, 2017, 09:52:55 AM
 #122

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.

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May 25, 2017, 04:44:34 PM
 #123

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 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 .

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.

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 Grin

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May 25, 2017, 08:32:23 PM
 #124

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.

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.



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May 27, 2017, 12:27:38 PM
 #125

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

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May 27, 2017, 12:37:00 PM
 #126

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

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stomachgrowls
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May 27, 2017, 01:55:14 PM
 #127

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  Smiley
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.

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May 27, 2017, 09:46:43 PM
 #128

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

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May 28, 2017, 04:22:18 PM
 #129

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.


 
 
 
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June 09, 2017, 02:16:26 PM
 #130

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.

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Obito
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June 09, 2017, 02:43:53 PM
 #131

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  Smiley
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.

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savioroshan
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June 09, 2017, 03:33:45 PM
 #132

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.

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June 09, 2017, 05:47:04 PM
 #133

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.



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iqlimasyadiqa
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June 10, 2017, 06:32:38 AM
 #134

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.
Where do you invest in cloud mining?   Huh
 
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.

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btcdiggingmaster
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June 10, 2017, 07:29:05 AM
 #135

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.

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.
CryptoManiac1337
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June 10, 2017, 07:42:53 AM
 #136

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.
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June 10, 2017, 07:56:34 AM
 #137

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.

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.

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.

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June 14, 2017, 03:06:49 AM
 #138

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!
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June 15, 2017, 09:27:38 PM
 #139

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.



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June 19, 2017, 11:53:08 AM
 #140

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
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