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Author Topic: Cloud mining/Investing or trading on localbitcoins?  (Read 11913 times)
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June 20, 2017, 11:28:04 AM
 #141

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
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.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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June 20, 2017, 04:42:39 PM
 #142

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.


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June 20, 2017, 11:04:55 PM
 #143

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

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.

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June 21, 2017, 12:38:12 PM
 #144

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
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.

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June 21, 2017, 05:36:54 PM
 #145

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
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.


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June 21, 2017, 08:10:12 PM
 #146

Try to learn about the market and coins you are going to buy and start trading.
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.

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June 22, 2017, 12:10:59 PM
 #147

Try to learn about the market and coins you are going to buy and start trading.
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.

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June 22, 2017, 03:37:36 PM
 #148

Try to learn about the market and coins you are going to buy and start trading.
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.

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June 23, 2017, 10:34:03 AM
 #149

Investing and trading is advisable to double your money . Tongue
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June 23, 2017, 04:19:12 PM
 #150

Try to learn about the market and coins you are going to buy and start trading.
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.


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

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June 23, 2017, 09:07:11 PM
 #151

nothing is better than trading nowadays or you can combine both trading and investing in one place which is called ICO.
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June 24, 2017, 05:44:19 AM
 #152

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.

                                 
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June 27, 2017, 06:53:19 AM
 #153

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.



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June 27, 2017, 09:23:17 AM
 #154

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.

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June 27, 2017, 11:26:53 AM
 #155

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.

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June 27, 2017, 12:37:10 PM
 #156

Try to learn about the market and coins you are going to buy and start trading.
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.


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
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.


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June 27, 2017, 07:17:30 PM
 #157

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.

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.
 


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June 27, 2017, 09:28:50 PM
 #158

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.

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.

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July 01, 2017, 04:41:41 PM
 #159

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.
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July 01, 2017, 06:27:46 PM
 #160

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

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