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Author Topic: Cloud mining/Investing or trading on localbitcoins?  (Read 11215 times)
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Qartersa
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February 02, 2017, 05:42:45 AM
 #21

Trading imo is better and safer, however if you want to invwst in cloud mining its cheaper to just buy someones account that theyve bought mining stuff on.

(Shameless self promotion)
https://bitcointalk.org/index.php?topic=1774524.new#new


I mean i invested about 6-7k and want 1300 = huge savings off the bat but then it comes down to is ROI+gains achievable?



Indeed, also in mining, you have to invest an enormous amount of money, and you have to ROI before you even get back your money. Unlike in trading, you deposit the money and earn off of it while it is there in the trading platform. You can just sell every asset you have in trading and exit when you had enough. Unlike in mining you have to sell the miners you bought and usually they get depreciated before you even try to sell it hence you lost a lot of money when you sell them.

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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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February 02, 2017, 05:44:40 AM
 #22

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
For me is investing and trading it help you to grow your Bitcoin or even double it.I recommend you to invest in popular ICO its a short term investment after the ICO ends and they release on exchange you can sell your token their by trading it.

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February 02, 2017, 06:45:19 AM
 #23

Not cloudmining. From what I get in my junk mail folder from these sites it would take 5-6 months just to get back a roi and that is without any profit.
They charge alot in fees called electricity fees and whatever they wish to call them but it is really not worth it.
I would venture to say start in trading but find a good site to sign up with that doesn't charge too much in transaction fees. Some even charge you one to deposit into your own account. So figure that one out. Undecided
There are two sites that come to mind when you mentioned localbitcoins. Paxful which has a promotion going on for signing up an account with them and the other one is virwox where you can buy bitcoins from them.
You can try each of them out to see which one fits your needs.
Good luck with your adventure into the bitcoin investing world. Smiley

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February 02, 2017, 07:45:57 AM
 #24

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

my recommendation is trading, investing. you need to learn in trading before you do trading. its not good to do cloud mining because there is take too much times to get ROI if the sites still online. so better doing trading and if you have a good skills in trading then you can get much of profit so the choice its up to you.

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February 02, 2017, 08:06:50 AM
 #25

The risk is same with mining and for me much riskier. The time that will spend by building enough knowledge in mining is better be used to learn how trading works.

how is the risk the same with mining when the mining still hold its value after you purchase all the equipment while with trading you are constantly at 40% of risk, assuming you are so good to maintain a 60% +ev on the long term, which is unlikely...

with minign there is virtually no risk, even if roi is very long you can always sell back what you bought for at least 80% of its value, if we talk about new gen cards
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February 02, 2017, 08:21:00 AM
 #26

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

my recommendation is trading, investing. you need to learn in trading before you do trading. its not good to do cloud mining because there is take too much times to get ROI if the sites still online. so better doing trading and if you have a good skills in trading then you can get much of profit so the choice its up to you.


i would rather go on trading since in cloudmining we cannot get an assurance that we can earn on then or get a decent roi for long time investing at them, while in tradings we are the one who's controlling our faith and luck for a certain time,


I can't trust cloudminings for now neither investing in them since im very sure that they will come to steal our money.

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February 02, 2017, 10:53:59 AM
 #27

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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February 02, 2017, 11:31:53 AM
 #28

Mine at home isnt currently a bad option if you have a good capital, but the cost are high and you need a great energy cost, to achieve roi on the shortest time. Trading is an amazing way to go invest even with some risks around it that might make you loose money. Cloud mining in the general its medium long investment, and theres is no sure that they will be live when you should expect to roi, currently you have something like 11-14 months to roi into hasnet, i dont know about others clouds, but you can sell your hash to others soo the roi time if you sell all your hash might be achieved into 4 monhts.



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February 02, 2017, 01:52:39 PM
 #29

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!

That feature, "pull the plug anytime", is really the best feature that would distinguish trading from mining. Since in trading you don't actually lose the money you invest nor does it disappear, it only gets converted. Unlike in mining, you have to spend for the miners which is really expensive and the price of resale is not very attractive when the time comes that you want to quit mining.

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February 02, 2017, 02:03:06 PM
 #30

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!

Most of the cloud mining investments are ponzi schemes only. Better try a kick on localbitcoins and do trading with low investment in the starting time. You need a have trusted account to have trade with the trusted people in the LBC site. Please beware of new account guys and low trust people while you have the trade.



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February 03, 2017, 03:11:54 AM
 #31

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

my recommendation is trading, investing. you need to learn in trading before you do trading. its not good to do cloud mining because there is take too much times to get ROI if the sites still online. so better doing trading and if you have a good skills in trading then you can get much of profit so the choice its up to you.


i would rather go on trading since in cloudmining we cannot get an assurance that we can earn on then or get a decent roi for long time investing at them, while in tradings we are the one who's controlling our faith and luck for a certain time,


I can't trust cloudminings for now neither investing in them since im very sure that they will come to steal our money.

doing trading is good choice for new people because if we do it with right, the opportunity for us to make much of money is wide open but we need to learn more in trading and we must increase our skill to get the money. and since i only have small hashrate in cloud mining, i would not suggest to go with cloudmining especially for free cloud mining because they can run away any time.

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February 06, 2017, 05:29:26 PM
 #32

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

Cloud mining, are you serious? I'm allergic with cloud mining, almost cloud mining just offer you hyip. It's better to invest or trade your btc. If you want to invest and get daily interest, you can try bter exchange(support some altcoin) or liqui.io exchange, it's better than other hyip. Use hashflare or genesismining for cloud mining, i wont recomend other cloud mining
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February 09, 2017, 01:00:18 PM
 #33

I will choose trading and investing for making profit.Trading and investing can give you good profit in short time.Investing is more riskier because there is scammer everywhere.I think investing On ICO can give good profit but you must choose the legit one.I am not interested on mining because there's no legit mining.
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February 09, 2017, 01:49:22 PM
 #34

If those are my options, I'd definitely chose trading bitcoins be it localbitcoins or someother trading platform. Most of the cloudmining that I've come across have turned out to be a scam and I would advice everyone against investing in them. If you actually know the owner of the site, then probably cloudmining is a better option.
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February 09, 2017, 02:20:29 PM
 #35

If those are my options, I'd definitely chose trading bitcoins be it localbitcoins or someother trading platform. Most of the cloudmining that I've come across have turned out to be a scam and I would advice everyone against investing in them. If you actually know the owner of the site, then probably cloudmining is a better option.

It is either a scam or you won't earn anything from the investment in the cloud mining you bought. It's quite hard to assess a real cloud mining anyway, that is why maybe the best thing to do is just trade than investing into mining. Cloud mining and solo mining (or even joining pools) don't seem as lucrative as before.

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February 09, 2017, 07:25:17 PM
 #36

instead of mining why just buy cheap altcoins with potential on the exchanges.Less hassle and you more then likely make the same profit if the coin goes up.Mining for guys with big sets up in china who have cheap electricity  and internet

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February 10, 2017, 12:11:04 AM
 #37

instead of mining why just buy cheap altcoins with potential on the exchanges.Less hassle and you more then likely make the same profit if the coin goes up.Mining for guys with big sets up in china who have cheap electricity  and internet

There is quite a big risk when you buy altcoins as some of them really don't go up anymore and just die. When the altcoins die then the money you invested in them dies with it. I think if you don't know what you're doing don't do it. Trading isn't that easy but I think it is still a better alternative than mining bitcoins yourself. Another option is to mine altcoins, that can be profitable too.


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February 10, 2017, 03:13:29 AM
 #38


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

No man, cloud mining is not the best way to double your bitcoins, it is better if you are going to grow your bitcoins by simple trading on any exchange or trading platform. It seems that you want to support your investment by cloud mining but it is not going to work out. I would say that you should avoid cloud mining because it can pull you down.

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February 10, 2017, 03:44:28 AM
 #39


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

No man, cloud mining is not the best way to double your bitcoins, it is better if you are going to grow your bitcoins by simple trading on any exchange or trading platform. It seems that you want to support your investment by cloud mining but it is not going to work out. I would say that you should avoid cloud mining because it can pull you down.

i agree with this, cloud mining need long time before we can get ROI and we don't know if the sites still online for long time or not because on one will know for this. if you are good in gambling games or sports betting, then maybe you can considering to make a bets in sports betting because with your knowledge in sports, then you are able to win the match and you can get the money. if you choose to start selling bitcoin on localbitcoins, then its a good option too because you can get profit from that, and in the end, you can double your bitcoins in short time if you are really good recommended sellers.


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February 10, 2017, 06:13:31 AM
 #40

If you're try to use cloudmining site and you will never meet with your ROI. the cloudmining system just offering the user is giving a free loan to the companies and according from the reliable soure using cloudmining site is also including on the shady activities. never use it. and try the other.

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