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Author Topic: Cloud mining/Investing or trading on localbitcoins?  (Read 11900 times)
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February 10, 2017, 03:53:41 PM
 #41

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.

Those reliable source that you are saying are in fact right. Most of the cloud mining sites are into one aim which is faking its real service.

Though there are some legitimate cloud mining but you will just end up nothing upon recovering your investment.

Better to look for some other back up source of income aside from trading.
There are some people in my country providing their own cloud mining services and they are more reliable than other sources on the internet. I only invest my money in some projects which I can easily follow them and carefully secure my fund and capital. Cloud mining is not bad, only the people who create it for illegal purposes are bad

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February 11, 2017, 04:51:15 AM
 #42


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.

That is the risk we really don't have an idea until when they are going to operate. Though some other cloud mining sites has contract with their investors but they can still broke that contract as there is no physical contact and contract to the investors. This is really a very risky way of supporting your own investment.



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February 11, 2017, 06:20:53 AM
 #43

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.

Those reliable source that you are saying are in fact right. Most of the cloud mining sites are into one aim which is faking its real service.

Though there are some legitimate cloud mining but you will just end up nothing upon recovering your investment.

Better to look for some other back up source of income aside from trading.
There are some people in my country providing their own cloud mining services and they are more reliable than other sources on the internet. I only invest my money in some projects which I can easily follow them and carefully secure my fund and capital. Cloud mining is not bad, only the people who create it for illegal purposes are bad

If you think that those cloud mining services in your country are reliable then go for it but I warned you guys already with these type of investments.

Most of the cloud mining are the same and they're image are becoming bad because most of them are ending up to scam.

So we can't blame people because many of us here did experience some bad things with them already.

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February 11, 2017, 11:07:42 AM
 #44

I would recommend that you to make trades. because the current trading is the most powerful way to get more bitcoin. and also do trading risk is not too great. we should be prosecuted for careful and clever in taking any decision to sell and buy bitcoin / altcoin.

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February 11, 2017, 09:45:45 PM
 #45

I would recommend that you to make trades. because the current trading is the most powerful way to get more bitcoin. and also do trading risk is not too great. we should be prosecuted for careful and clever in taking any decision to sell and buy bitcoin / altcoin.

It depends because not all the time a person knows how to trade but he doesnt know how to trade properly but it is going to be an advantage for him if he is going to trade amount, if he knows how to handle his trades and capital. There are people who are scared of risks and he should know that or else he can just hold it for better.



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February 12, 2017, 01:07:09 AM
 #46

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


i will not suggest you cloud mining as we know there are too much fraud cloud mining, only 3 cloud mining which still pay their investor. try trading altcoin to double your bitcoin.
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February 12, 2017, 02:05:21 AM
 #47

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

Well the best way to double your bitcoin is by trading. I don't recommend using cloud mining as it will not give you profit. PLUS, almost all cloudmining companies are SCAMS. They will just make your bitcoins turn into ash.

But, if you want to engage in trading. Make sure to have a research first on the coin you are trading as there are many Scam Coins scattered in the trading platform. Of course, we can't deny the fact that every investment, there is a risk of loosing money. But we can't remove that, instead we can minimize it by means of having a research and a good decision making.

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February 12, 2017, 10:21:12 AM
 #48

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


i will not suggest you cloud mining as we know there are too much fraud cloud mining, only 3 cloud mining which still pay their investor. try trading altcoin to double your bitcoin.
I have the same opinion. the current cloud mining promises only a false promise. they do not pay according to initial aggreement. a lot of people who are disadvantaged and impoverished because of cloud mining. is not very recommend cloud mining as a way of getting bitcoin.

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February 12, 2017, 03:07:23 PM
 #49

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


i will not suggest you cloud mining as we know there are too much fraud cloud mining, only 3 cloud mining which still pay their investor. try trading altcoin to double your bitcoin.

Exactly, but even the paying website will take lot of time to mature our investments, cloud mining is always risky when it comes to investing. Yes trading is always better to make more money when compared to cloud mining. Trading will give more profits when compared to cloud mining.

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FasTroy
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February 13, 2017, 03:42:40 PM
 #50

Of course, Trading is the better. I don't like investing in cloud mining sites. which they always scammers. I have a bad experience in theses sites, I lost a lot of money in them. I was scammed by many sites which they promise to get your investing money in 3 months. before the 3 month. they scam. For exemple hashoceans. So avoid to investing their and simply trading in localbitcoin. which you can get a nice profit in this domain. Good luck

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February 13, 2017, 07:50:47 PM
 #51

Cloud mining is the worse investment to earn Bitcoins. Trading can be good, but for who doesn't have much money to risk it's not adviced too. If you want to trade in safe way, that is better, just hold, sell and buy Bitcoins. Doing this you will grow your money slowly but safe. Make sure to follow the BTC price and the events that can make the price change.

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February 14, 2017, 02:57:58 AM
 #52

if youre option cloud mining investment or trading
iam choose trading, but not placed in localbitcoins, i think if trading in localbitcoins not competitif to can get profit

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February 14, 2017, 03:07:37 AM
 #53

If I had spare money I'd bought a few dozens of S9 miners and start mining in my home and would've paid power bills from my spare money.
But why? because I believe in bitcoin's future which price could reach $4800 in next 2 years, so I'd start mining now when difficulty is still lower considering in future it will rise significantly.
batang_bitcoin
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February 14, 2017, 04:09:54 PM
 #54

Cloud mining is the worse investment to earn Bitcoins.
I second the motion on it, I did experienced to invest there and hoped that I'll earn upon doing nothing but I got scammed.

Trading can be good, but for who doesn't have much money to risk it's not adviced too.

Many here prefer to do trading and it's like gambling just invest what you afford to lose.

If you want to trade in safe way, that is better, just hold, sell and buy Bitcoins.

Yeah this is much pretty good and also good for substitute in investing to cloud mining.

Doing this you will grow your money slowly but safe. Make sure to follow the BTC price and the events that can make the price change.

It's not total safe at all because when the price decrease, the value of your coins will decrease too but this is much better.

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February 14, 2017, 07:04:27 PM
 #55

I would not count on mining, especialy not on cloud mining. There are so many accusations for cloudmining for scam of all types that is better to stay out of this. Trading is risky, that is true, but at least you have fair chances to make some profit if you invest your money, time and knowledge.

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February 15, 2017, 05:30:57 AM
 #56

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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February 25, 2017, 12:48:36 PM
 #57

But what if the altcoin you traded went south? How can you make sure that trading will give you profit? You cant. A lot of gullible people have fallen to the trap of the hype. Its happening in the real world and its happening in the world of cryptocurrencies now. Cloudmining is also the same kind of trap but packed differently.



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Bops
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February 25, 2017, 12:51:21 PM
 #58

I use genesis-mining almost 2 years.
Its just perfect. Payment every day always on time.
I use sha256 hash for BTC mining
goldfish17
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February 25, 2017, 10:34:31 PM
 #59

If you are comfortable with meeting up with strangers then you can do what I do. I post on craigslist to sell for 15% fee. At the current price, every bitcoin I sell I earn around $200. Then I put my cash in the bank and wire it straight into bitstamp. Since the international wire fee I pay and bitstamp fee adds up to $50, I profit around $140-150 per bitcoin. If you hadn't figured this out, you really need alot of bitcoin to do this method, since the wire transfer fee is large. Just be smart about who you talk to, where you meet up, etc and its really a nice little profit. Doesn't pay the bills, but it pays for when I buy high and sell low on bitstamp lol  Cry
Skarner21
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February 25, 2017, 10:44:33 PM
 #60

I use genesis-mining almost 2 years.
Its just perfect. Payment every day always on time.
I use sha256 hash for BTC mining
Not good idea to invest in bitcoin cloud mining almost all are scammer or not really profitable.. better to stay away from them..
Much better to learn in trading it is more safier low risk not the same as gambling but there is still small risk.. and you can make more profit than gambling..

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