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Author Topic: Cloud mining/Investing or trading on localbitcoins?  (Read 11881 times)
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February 26, 2017, 10:10:07 AM
 #61

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.

Both has its own type earning method and amount can earn from it. But comparatively cloud mining is ponzi schemes at most of the time. Trading will be profitable with the small investment as well. All you need to do just be careful with the scammers and need to use the best escrow around here in the forum or else where.

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February 26, 2017, 12:48:47 PM
 #62

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.

Both has its own type earning method and amount can earn from it. But comparatively cloud mining is ponzi schemes at most of the time. Trading will be profitable with the small investment as well. All you need to do just be careful with the scammers and need to use the best escrow around here in the forum or else where.

How small of an investment in trading that can be made profitable are you talking about here? Im interested in starting to trade in the forum. If we base everything in your trading experience how much can I make if I start trading with .5 BTC?



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February 26, 2017, 04:56:20 PM
 #63

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..

It's very risky and the most possible thing to happen to you is that you can get nothing from it. At the same time your investment will be run away by the site. Since it's very attractive to invest to them with the hash power. Still don't be deceived by it, there's no such thing as trustworthy when it comes to this type of investment.

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February 26, 2017, 05:28:24 PM
 #64

nothing is better than trading nowadays, you have to admit that. Or you can combine both trading and investing in one place which is called ICO. ICO offers you a good amount of coin before it is contributed. therefore, if you have the money and have a good vision, you can join and see what happen



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February 28, 2017, 12:16:01 PM
 #65

nothing is better than trading nowadays, you have to admit that. Or you can combine both trading and investing in one place which is called ICO. ICO offers you a good amount of coin before it is contributed. therefore, if you have the money and have a good vision, you can join and see what happen

You are right, indeed the best way to get bitcoin is by trading. For beginners course is difficult get the profit, it took patience and speculation. Without both of them then we will lose, we can start with small nominal, with bitcoin trading easier than fiat money.
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April 26, 2017, 05:00:18 PM
 #66

nothing is better than trading nowadays, you have to admit that. Or you can combine both trading and investing in one place which is called ICO. ICO offers you a good amount of coin before it is contributed. therefore, if you have the money and have a good vision, you can join and see what happen

You are right, indeed the best way to get bitcoin is by trading. For beginners course is difficult get the profit, it took patience and speculation. Without both of them then we will lose, we can start with small nominal, with bitcoin trading easier than fiat money.

Trade also has risks. And if you are a novice, then there is a high probability that you will lose money.
But it's not very profitable to deal with mining now, and cloud mining can be scammers
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April 27, 2017, 03:33:48 AM
 #67

nothing is better than trading nowadays, you have to admit that. Or you can combine both trading and investing in one place which is called ICO. ICO offers you a good amount of coin before it is contributed. therefore, if you have the money and have a good vision, you can join and see what happen

You are right, indeed the best way to get bitcoin is by trading. For beginners course is difficult get the profit, it took patience and speculation. Without both of them then we will lose, we can start with small nominal, with bitcoin trading easier than fiat money.

Trade also has risks. And if you are a novice, then there is a high probability that you will lose money.
But it's not very profitable to deal with mining now, and cloud mining can be scammers
Yes cloudmining is good at first but this is not good in the long run, all cloud mining are turning to scam because they do not have real mining site they only get bitcoin or altcoin to the investors. That is why do not waste your time and bitcoin by investing in cloud mining much better to do trading method even it is risky but the chances of earning profit is higher possibility

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April 27, 2017, 09:59:46 AM
 #68

Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to [Suspicious link removed] is it cloud mining? investing or trading?

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thanks  Smiley

hy, the problem on investing and cloud mining is high risk i seen many of companies not run till 3 or 4 month when it's time to get R.O.I mostly programs became scam and loose money with time. But the best way to double your bitcoin is try trading on altcoins because i saw many times every altcoin price is increasing no one go below the trend some increase day by day and some increase monthly but fact is they always increasing so purchase the coin and hold and sell that after one week or month when it's price go higher.
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April 27, 2017, 10:50:09 AM
 #69

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 would recommend trading for you , cause investing is a risky thing and you dont have control of your money ,unlike trading where your money is safe and less risk.  And also trading gives you easy profit as long as you know what altcoin to buy.
I cannot agree with your point of view, it is all dependant on what you invest in, and what do you exactly want to trade with.
Risk varies from the asset type and also from many other factors and you cannot simply say that trading is safer than investing: it is all up to you, what strategy and techniques you are going to use, and if they are a correct tools to achieve your goals in some specific situation.

Altcoin trading is most difficult if you actually want to get into some new, cheap crypto. You can never have any kind of guaranteee that this alt is not going to get dumped really fast, that is the biggest issue about doing that.

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April 27, 2017, 01:03:02 PM
 #70

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

that's the world, where every good intention that we do there is definitely a bad thing we get. So, everything depends on us, if indeed we are to be successful then the major key is always trying and working hard. When you cannot get what it wants after making the effort and hard work, the next step is to intropeksi yourself about all the things you used to do. Because sometimes we forget to do something that in fact it is so important
 


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April 27, 2017, 05:13:08 PM
 #71

I never believed in cloud mining. I think that they are scammers. They collect money not for equipment. Simply the moment comes and these services disappear with all the money of depositors
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April 30, 2017, 12:12:29 PM
 #72

I never believed in cloud mining. I think that they are scammers. They collect money not for equipment. Simply the moment comes and these services disappear with all the money of depositors
Why cloud mining if I may ask? If you are indeed interested in mining, then there are far better options as 99% of sites claiming to cloud mine dont even own a single hash power - that s probably the new face of ponzi. Purchasing of mining equipment for Bitcoin these days costs a fortune and it is becoming a thing for the institutions, however It is possible to rent equipment as well as join a mining pool, your investments these way would not readily go down the drain as it is sure to with cloud mining.

Subsequently, the Bitcoins you earn could be traded to make even more, but that must be after quality time must have been put into learning  the ropes in trading other than that, trading would simply turn out the drain pipe for all your efforts, time and resources.

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April 30, 2017, 08:07:00 PM
 #73

Localbitcoins is only a peer-to-peer exchange, it does not have any features of investing in some cloud mining project or any investment programme.
You just buy and sell bitcoins there, to local people. You enter the place where you are currently in, and there is an offer to buy bitcoins for other people in your region.

Anyway, I just dont get the idea of something like that. In almost every case, cloud mining cannot be compared with investing because it is just simply losing your money: unless you got some ability to make a successful prophecies about the time, when the scam website ("cloudmining project") will be down or suspended.

Obviously, that is not possible so anyway I still advice to stay away from this type of programmes.


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May 01, 2017, 01:13:19 AM
 #74

Just forget about investing on cloud mining, because we haven't got any legitimate website in the cloud platform. Making trades through localbitcoins and make profit out of the same. This will be quite good to earn better than just investing into cloud sites where we don't have any security on our investment.



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Sadlife
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May 01, 2017, 02:20:52 AM
 #75

I highly recommend trading it has a chance to double or to triple your bitcoins and i highly doubt that cloud mining/investing is profitable
you will not receive any ROI in those cloud minings and lose your money instead but trading through localbitcoins or some altcoins is a good way to earn some amount of money you can even make it a living.






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May 01, 2017, 07:49:27 AM
 #76

IMO investing in Cloud mining is not something i would consider because of how long it takes to make a decent profit and trading on localbitcoins would be much easier and its a well known peer-to-peer Bitcoin exchange so you are guaranteed to have daily trades if you know what you doing and get some good profit in the process

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May 01, 2017, 07:55:17 AM
 #77

IMO investing in Cloud mining is not something i would consider because of how long it takes to make a decent profit and trading on localbitcoins would be much easier and its a well known peer-to-peer Bitcoin exchange so you are guaranteed to have daily trades if you know what you doing and get some good profit in the process

Not to mention most cloud mining platforms turn out to be just ponzi scams waiting to unfold. Trading on localbitcoins is not what it proposed to be nowadays, since most people will just prefer to buy from trusted traders, you'll have a hard time getting customers to try out your service.

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May 01, 2017, 09:18:25 AM
 #78

IMO investing in Cloud mining is not something i would consider because of how long it takes to make a decent profit and trading on localbitcoins would be much easier and its a well known peer-to-peer Bitcoin exchange so you are guaranteed to have daily trades if you know what you doing and get some good profit in the process

Not to mention most cloud mining platforms turn out to be just ponzi scams waiting to unfold. Trading on localbitcoins is not what it proposed to be nowadays, since most people will just prefer to buy from trusted traders, you'll have a hard time getting customers to try out your service.
Agree with this, i do not want cloud mining anymore i just tried to invest in cloud mining many times but it was a same result they are all scam.
Localbitcoin trading is need to have a survey in your area if how many bitcoin users wanting to used your services and how many people are using this crypto currency.
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May 01, 2017, 10:12:05 AM
 #79

IMO investing in Cloud mining is not something i would consider because of how long it takes to make a decent profit and trading on localbitcoins would be much easier and its a well known peer-to-peer Bitcoin exchange so you are guaranteed to have daily trades if you know what you doing and get some good profit in the process

Not to mention most cloud mining platforms turn out to be just ponzi scams waiting to unfold. Trading on localbitcoins is not what it proposed to be nowadays, since most people will just prefer to buy from trusted traders, you'll have a hard time getting customers to try out your service.

Its not about buying and holding bro. If you invest on trading site localbitcoins, will you be able to make profit. I agree that cloud mining is mostly ponzi schemes to us but trading in lbc is best option to make investment on bitcoin.
Please check the traders in the forum, who have been doing trade at there. you can easily make profit from there with the help the continuous price change in the chart.

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May 01, 2017, 03:50:28 PM
 #80

Just forget about investing on cloud mining, because we haven't got any legitimate website in the cloud platform. Making trades through localbitcoins and make profit out of the same. This will be quite good to earn better than just investing into cloud sites where we don't have any security on our investment.

Yeah it's the best thing to do, don't waste your time anymore talking about cloud mining or even thinking about it.

You will just feel frustrated in the end because they had only one goal for building up that type of investment and that is to scam investors.

Trading is the best choice of all and this is what everyone is doing now, even you are not a good trader you can earn profit on it.

And don't forget that LBC is not the only choice when you want to trade btc.
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