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Author Topic: Trading VS Bitcoin!  (Read 13645 times)
miningdude
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February 18, 2017, 08:46:51 PM
#1

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley
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Jannn
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February 19, 2017, 05:25:40 AM
#2

That is depends on your budget.
Both of them are profitable.
If you have a small capital you can start trading Bitcoins but if you have big capital you can try mining.

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February 19, 2017, 06:12:28 AM
#3

Trading bitcoins would probably get you more profit if you know what you are doing and don't have mining equipment.

Mining isn't very profitable anymore unless you buy equipment, etc. Trading would be better if you don't want to purchase a miner, but trading also takes quite a lot of skill.
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February 19, 2017, 07:12:31 AM
#4

Ever since bitcoin underwent the block reward having mining has become less profitable for bitcoiners with small rigs leaving the competition to mining firms. Which leaves us with bitcoin trading to profit from.

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miningdude
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February 19, 2017, 01:56:00 PM
#5

Ever since bitcoin underwent the block reward having mining has become less profitable for bitcoiners with small rigs leaving the competition to mining firms. Which leaves us with bitcoin trading to profit from.


Yes, because there's so many users using mining, and takes so long..
Babayega31
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February 19, 2017, 02:22:31 PM
#6

That is depends on your budget.
Both of them are profitable.
If you have a small capital you can start trading Bitcoins but if you have big capital you can try mining.

Yeah I also believe that both of them were profitable and really you can start trading bitcoins with a small capital. When you are earning profit in the future that small profit will grow as time goes by and I don't recommend mining because it's not profitable and rather stick at trading like in altcoins; probably thats more profitable and sustainable.

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February 19, 2017, 02:54:16 PM
#7

Ever since bitcoin underwent the block reward having mining has become less profitable for bitcoiners with small rigs leaving the competition to mining firms. Which leaves us with bitcoin trading to profit from.
do bitcoin mining today is not the best choice. we can benefit more by doing trading bitcoin . This has been proven and make a lot of money.


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February 19, 2017, 03:15:06 PM
#8

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley
What's you mean about the other payment method? especially for the mining bitcoin is depend on your electricity. If you're having cheap electricity and everytime it will be profitable to mine bitcoin.
Trading is easy method comparing with the mining method. according to the current price of bticoin and it seems like really profitable.

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February 19, 2017, 03:18:37 PM
#9

It depends on your interest and how much money you do have because in each field it does require money to invest on. Trading bitcoin would be profitable even you do have only small amounts as long you are good on trading and on bitcoin mining it would be good if you have huge money to buy asic miners but still we need to do research on electricity and maintenance cost if we saw we are profitable then we proceed.

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February 19, 2017, 03:34:22 PM
#10

It is much more profitable to just trade than mining. Mining involved buying expensive hardware that you can't sell at a decent price when you are done with them, not to mention the cost of maintaining them should be your primary consideration. While in trading, you can just buy what you can and wait for the prices to appreciate, no need to invest anything substantial.

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February 19, 2017, 05:13:36 PM
#11

If you have the budget to buy mining equipment, it can be profitable in the long run. But it is necessary to calculate the ROI time well.
But the wise trade can be less costly than mining. It may be possible to earn good money in a much shorter time.

My preference is trading.
gabbie2010
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February 19, 2017, 06:03:03 PM
#12

As for me both trading and mining bitcoin are profitable But one have to choose one and be passionate with it so as to be profitable, but looking at mining it involves a lot of  resourses e.g electricity, Ram e.t.c for me I will prefer trading bitcoins

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February 19, 2017, 06:59:14 PM
#13

Trading bitcoin for other payment methods? it seems you are taking about something similar to exchanging services, it isn't? It can be very profitable, because I have found several forums offering this service and they use to charge at least 10% fee for every transaction. For instance, if someone wants $1000 worth of bitcoin, he would send you $1100 via Paypal, Neteller, etc.

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February 19, 2017, 11:42:59 PM
#14

I don't know what you mean by Trading bitcoins for other payment method, but trading bitcoins is surely much better than mining. Mining is expensive and hard to make profit these days, mining at home was profitable in the past, but each new halving it becomes more and more hard. You can try mining altcoins, but there is a risk to lose money as the altcoins die everytime. With trading the initial investment can be lower and the return can be faster.

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February 20, 2017, 06:10:35 AM
#15

As for me both trading and mining bitcoin are profitable But one have to choose one and be passionate with it so as to be profitable, but looking at mining it involves a lot of  resourses e.g electricity, Ram e.t.c for me I will prefer trading bitcoins
Yes true both very profitable, and maybe choose both it does not matter if it is capable Grin But you're right we should choose according to capital and our ability. If you have a large capital maybe not be a problem to try mining, but if it does not have sufficient capital to use the trading was also not a problem. The most important thing we must have a skill to can get a profit.

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February 20, 2017, 08:42:51 AM
#16

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley

Mining is not profitable for normal people. Rather i would say it is just an non-profitable and impossible task with normal PC or hardware. You need to have mining farms like in china which actually give you good returns.
I will prefer trading over mining as trading is a good opportunity for everyone.


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February 20, 2017, 09:19:34 AM
#17

As for me both trading and mining bitcoin are profitable But one have to choose one and be passionate with it so as to be profitable, but looking at mining it involves a lot of  resourses e.g electricity, Ram e.t.c for me I will prefer trading bitcoins

If you are really confident about bitcoin than why don't you choose both of them because bitcoin is always profitable with both types. With profits from you can buy higher hardware equipment's , so in this way you can make money through mining also.

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Vaccinus
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February 20, 2017, 11:26:25 AM
#18

Ever since bitcoin underwent the block reward having mining has become less profitable for bitcoiners with small rigs leaving the competition to mining firms. Which leaves us with bitcoin trading to profit from.
do bitcoin mining today is not the best choice. we can benefit more by doing trading bitcoin . This has been proven and make a lot of money.

i don't agree trading is very risky, bitcoin mining is more secure, but not bitcoin mining directly but altcoin mining to convert for bitcoin later when you feel the time to do it, look at the altcoin section there are alternative asic for x11 and scrypt that are still good thing to have for generating bitcoin undirectly

                         
                         
                     
                   
                              
                                               
                         
                       
                       
                   
                   

                     
                       
                     
                    
                   
                
                      
                        
                        
                         
                         
                       
                        
                        
                      
                     
                    
                     
                     
                     
                      
                   
                 
              
             
             
                       

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February 20, 2017, 02:12:14 PM
#19

I think they all have the same advantage, it just depends on who's going to do it. Because mining and trading has distinct advantages in the context of the time. To permanently mining profits and long term trading has 2 chances of long term and short term. Things that should think for us, and they all have the same level of risk but it also depends how you do it. So, they have the level and also the same volume only high or low depending on how we do it

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February 20, 2017, 06:14:48 PM
#20

I think they all have the same advantage, it just depends on who's going to do it. Because mining and trading has distinct advantages in the context of the time. To permanently mining profits and long term trading has 2 chances of long term and short term. Things that should think for us, and they all have the same level of risk but it also depends how you do it. So, they have the level and also the same volume only high or low depending on how we do it

Mining might be provide same advandge due to halving and blocks were reducing into half but btc trading is not providing same advantage in all the time of trading. It just depend upon the value increasing and decreasing in the chart. I noticed many of the traders were buy at price is low and sell the bitcoins when it is high value.


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thebatletbet
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February 21, 2017, 01:50:58 AM
#21

if the real mining you must have much budget to buy mining hardware
if cloud mining site is very low profit and majority only ponzy site

about trading, if you want much profit is good use bitcoin trading pair use altcoin
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February 21, 2017, 01:58:52 AM
#22

Trading bitcoins would probably get you more profit if you know what you are doing and don't have mining equipment.

Mining isn't very profitable anymore unless you buy equipment, etc. Trading would be better if you don't want to purchase a miner, but trading also takes quite a lot of skill.

Yes, the trade has an advantage for those who can trade properly ...!!. But sometimes a lot of people who haven't been able to trade well so they get is just a small profit, please note that trading bitcoin it is only temporary and cannot do anything good in a long time. To be able to benefit in trading better buy a lot of bitcoin when prices are low and keep it until the price is high, after it was sold.
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February 21, 2017, 03:09:21 AM
#23

Trading depends on the price of bitcoin fluctuations whether the price will becomes higher and lower of its trend in the market. The decisions matters most for the traders at buying while price is still at lower value because its a great opportunity for them if time comes pice will rise to higher value they could sell their btc stocks. You must be updated of the price particularly with its movement because sometimes sudden drop will be happening and you are not in control of it, like in a particular situation you sell your stock not in a right time price still low and you lose the profit you have.

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carlfebz2
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February 21, 2017, 02:11:09 PM
#24

Trading depends on the price of bitcoin fluctuations whether the price will becomes higher and lower of its trend in the market. The decisions matters most for the traders at buying while price is still at lower value because its a great opportunity for them if time comes pice will rise to higher value they could sell their btc stocks. You must be updated of the price particularly with its movement because sometimes sudden drop will be happening and you are not in control of it, like in a particular situation you sell your stock not in a right time price still low and you lose the profit you have.
As a trader its really our responsibility to look up the prices actively and we should not be confident because event will happen without our awareness which would able to make profits or losses.Every situation does have corresponding decision to be made.



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February 22, 2017, 08:36:24 PM
#25

Really feel like you can be very profitable with both, depends on how you do it and what budget your on.
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February 23, 2017, 12:43:04 AM
#26

Whether it is with trading or mining both of them are profitable. But you need to know the advantages & disadvantages of trading and mining. If you are living to a country that has paid electricity don't go for mining it will always consume high electricity and your profit their will be used for bills. Go for trading instead.

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February 23, 2017, 01:38:50 AM
#27

Trading is good but mining is better !
if you have good capital then do trading with good exchange ! in some exchange they dump and pump coin fast it will make your money dump
so be careful while trading .  Grin
Enjoy happy Trading Smiley

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February 23, 2017, 02:43:24 AM
#28

Both are profitable if you do know how to make it like trading and if you do have the money to put on mining. Yes its profitable but they have different kind of things needed for you to be able to make money.Remember it wont be an easy task.

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February 23, 2017, 03:00:55 AM
#29

Both are profitable if you do know how to make it like trading and if you do have the money to put on mining. Yes its profitable but they have different kind of things needed for you to be able to make money.Remember it wont be an easy task.

you have to consider many things mate, if you are going to trade you need knowledge how things work and what should be the factor for you to buy and place your investment to avoid bigger risk for your money, while in mining what type of mining are you going to do if you plan to build your own mining device or you will be renting virtual mining rig, you also need to calculate if you will able to profits.

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February 23, 2017, 03:25:53 AM
#30

Go for trading it's more profitable unlike in mining you need to invest bigger amount of money with it. And you need to buy rigs for your operation. If you are going to trade alt coins just buy the ones that has the potential also you can do trading of bitcoin by just simply buying of bitcoins in portion and just hold it for a longer time.

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February 23, 2017, 04:00:28 PM
#31

if the real mining you must have much budget to buy mining hardware
if cloud mining site is very low profit and majority only ponzy site

about trading, if you want much profit is good use bitcoin trading pair use altcoin

Only use the very famous site for cloud mining. Most of them are just scams.

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February 23, 2017, 11:27:29 PM
#32

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley
Both are profitable but the costs of starting a mining operation are prohibitive unless you have experience and loads of cash so in that case trading is by far the best option since you can star with very low amount and then keep growing your coins.

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marketone
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February 24, 2017, 05:43:06 AM
#33

Trading is good but mining is better !
if you have good capital then do trading with good exchange ! in some exchange they dump and pump coin fast it will make your money dump
so be careful while trading .  Grin
Enjoy happy Trading Smiley

Trading is always better when compared to mining, for mining you need to spend a lot of money for buying equipment. For trading you need the little amount of capital and knowledge how to analyze the market, trading can give you both long term profits and short term profits if you plan perfectly means.

                         
                        
                     
                   
                              
                                               
                        
                       
                       
                   
                  

                     
                       
                     
                    
                   
                
                     
                        
                        
                        
                        
                       
                        
                       
                      
                     
                   
                     
                     
                     
                      
                  
                
              
             
            
                       

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Idrisu
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February 24, 2017, 07:42:53 AM
#34

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley
Mining is better than trading to me though not as profitable and riskier than trading. If you have large capital I will advise you go for mining because most mining tools software are one time investment but in trading, you can get goods return on investment at the same time loses all your capital.

the rise
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February 24, 2017, 03:05:35 PM
#35

Hi Folks!

Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley
Mining is better than trading to me though not as profitable and riskier than trading. If you have large capital I will advise you go for mining because most mining tools software are one time investment but in trading, you can get goods return on investment at the same time loses all your capital.

- Personal Mining takes time to get a result, electricity costs are enlarged, and there's no guarantee of income for turnover, can't be predicted.
- Cloud mining is much more risky than trading because it's possible to scam, very few companies that still pay investors.

+ Trading is similar to gambling, but not always rely on intuition because price movements are not controlled by one person.
+ No need to wait profit in a long time, this is purely based on mathematical analysis and news feed, loss was reasonable in trading, which clearly is not a bet.

bob123
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February 24, 2017, 04:10:50 PM
#36

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley
Mining is better than trading to me though not as profitable and riskier than trading. If you have large capital I will advise you go for mining because most mining tools software are one time investment but in trading, you can get goods return on investment at the same time loses all your capital.


Mining as a private person is extremely unrentable.. especially if you live in the US/EU and have to pay for your electricity..
On the other hand.. with free electricity and enough investement you can get quite good returns.
I wouln't trust cloud mining companies.














 

 

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passwordnow
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February 24, 2017, 09:32:06 PM
#37

-snip-
Mining as a private person is extremely unrentable.. especially if you live in the US/EU and have to pay for your electricity..
On the other hand.. with free electricity and enough investement you can get quite good returns.
I wouln't trust cloud mining companies.

It's hard to mine especially if you are in a place where you can't get free electricity or has cheaper ones. Maybe if you are living on China or somewhere where you can be supported with solar power mining can be a good choice. It will depend on the area you are with and for me, trading is more profitable rather than mining.

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February 24, 2017, 09:54:19 PM
#38

Mine then trade what you mined Tongue That is true only if you have free energy, high budget and can buy your equipment cost-efficiently.

Mining is worth when you live in a region where you have free energy access and a large network of advanced equipment.

Trading is worth when you have alot of funds to invest and time and energy to put your effort into learning the methods.

Nothing comes free, but you can choose from more than one solution.

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February 24, 2017, 09:55:27 PM
#39

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley
Mining is better than trading to me though not as profitable and riskier than trading. If you have large capital I will advise you go for mining because most mining tools software are one time investment but in trading, you can get goods return on investment at the same time loses all your capital.


Mining as a private person is extremely unrentable.. especially if you live in the US/EU and have to pay for your electricity..
On the other hand.. with free electricity and enough investement you can get quite good returns.
I wouln't trust cloud mining companies.
But unless you are thief where are you going to get free electricity to run your mining hardware, besides you risk getting sanctioned or even going to jail for it, so it is not worth it.

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February 24, 2017, 10:18:01 PM
#40

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley
Mining is better than trading to me though not as profitable and riskier than trading. If you have large capital I will advise you go for mining because most mining tools software are one time investment but in trading, you can get goods return on investment at the same time loses all your capital.


Mining as a private person is extremely unrentable.. especially if you live in the US/EU and have to pay for your electricity..
On the other hand.. with free electricity and enough investement you can get quite good returns.
I wouln't trust cloud mining companies.
But unless you are thief where are you going to get free electricity to run your mining hardware, besides you risk getting sanctioned or even going to jail for it, so it is not worth it.

It's obvious if you are going to run a mining hardware from stolen electricity. The house that you stolen that electricity will notice their sudden increase to their bill.

And if they found out that you are the one that is running a mining place at your home, you'll be dead.

It's either you'll be shot by gun or hold bars.

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February 25, 2017, 12:43:45 AM
#41

Why not try both of it and see for yourself? But once you invested into real mining don't feel sorry if you will get more expense rather than profit. It's already proven here by many that don't start up your own mining farm if you are not ready for consequences. Also trading of bitcoins is also good instead of buying hardware, buy bitcoin and hold.



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February 25, 2017, 03:40:06 AM
#42

I also choose trading than mining, here in my country our electricity bill is high so it's not profitable here to mine, so I'll never tried and I do not have plan to try it . but  in trading i have a high chance of earning a lot depends how good are you.

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February 25, 2017, 03:58:54 AM
#43

I suppose more profitable to have a bitcoin exchange than to engage in mining business, because in mining you always must increase your hash power to compete with other miners and in exchange you just need to be reliable and you reputation would be giving you money constantly
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February 25, 2017, 09:34:07 AM
#44

Both are profitable but it depends on how you will manage it and your capital. If I were you I will find something that is best suited

in me like if you have a huge capital and interested or likes those rigs go for mining but if you're not go for trading. If you don't

know well about them try searching and base your aptitude and interest on choosing.

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February 25, 2017, 09:34:40 AM
#45

I guess it is better to trade than to mine bitcoin because in trading you will have to have good timing to earn more profit on the coin that you are going to trade on, because in mining for sure it takes you too much time to earn every coin there and so much with electric bill it will pump it up that high, and if you have mining things for sure you have to upgrade it so that you can have more, as far as I know electric bill is more expensive than what you gained on. So I guess, it is better to choose trading.


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February 25, 2017, 09:46:36 AM
#46

I guess it is better to trade than to mine bitcoin because in trading you will have to have good timing to earn more profit on the coin that you are going to trade on, because in mining for sure it takes you too much time to earn every coin there and so much with electric bill it will pump it up that high, and if you have mining things for sure you have to upgrade it so that you can have more, as far as I know electric bill is more expensive than what you gained on. So I guess, it is better to choose trading.



i am choose to trade like you because i see that doing real mining, we need to be patience before we can take roi and its really need too long for us. beside that, we need to thinking for the electricity that will increase from time to time and we need to calculate how much we will spend money just to pay the electricity fee. if after our calculate giving the real number, i think its not worth for us to start real mining if we have to spend big money to build our mining rig. so the last option is doing trading and we can do this with small amount to and we can learn much from trading.

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February 25, 2017, 10:42:38 AM
#47

i am choose to trade like you because i see that doing real mining, we need to be patience before we can take roi and its really need too long for us.
Mining cryptocurrency requires large sum of money compared to trading requirement. But, the big advantage of cryptocurrency mining is it will not require you daily participation like technical analysis nor choosing a right opportunity to enter and booking profits timely, no hassle at all literally.

But mining seems a business of financially sound people because only they can afford initial set up as well running costs. Trading is all about knowledge and management.



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February 25, 2017, 10:45:08 AM
#48

Currently mining wont get you much. Highly priced equipment, high maintenance and electricity fee. You are better off  trading. If you know what you are doing, you will make profit. But keep that in mind you might end of suffering too. So it's better to do some research before you start trading.

 

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February 26, 2017, 07:20:15 AM
#49

I suppose more profitable to have a bitcoin exchange than to engage in mining business, because in mining you always must increase your hash power to compete with other miners and in exchange you just need to be reliable and you reputation would be giving you money constantly

Even me, it is more profitable if you just trade than to mine. And one more point is your electric bill will be more expensive that what you can get in mining mate.
Hash power increases and so electric charge increases too.


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February 26, 2017, 01:37:40 PM
#50

In fact, trading is able to provide such great advantage of in other ways. but, I think it really requires skills in searching for information, and the increases and reductions in price will occur. Well, bitcoin trading will be really beneficial if you managed to control it.

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February 26, 2017, 05:35:17 PM
#51

In fact, trading is able to provide such great advantage of in other ways. but, I think it really requires skills in searching for information, and the increases and reductions in price will occur. Well, bitcoin trading will be really beneficial if you managed to control it.
trading without knowledge is just like gambling. You can not predict what will happen and you will throw your money out of the window. I have to say that it is totally insane. Therefore, you should not trade if you do not have any skill.

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February 26, 2017, 07:31:00 PM
#52

Why not try both of it and see for yourself? But once you invested into real mining don't feel sorry if you will get more expense rather than profit. It's already proven here by many that don't start up your own mining farm if you are not ready for consequences. Also trading of bitcoins is also good instead of buying hardware, buy bitcoin and hold.
Maybe because mining bitcoin is very expensive? Mining bitcoin is not like it was in the old times, where a single person with a computer could mine bitcoin in his room, now you need expensive hardware and cheap electricity to have the possibility to be profitable at all.

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February 27, 2017, 07:48:59 AM
#53

Maybe both of them are good but most profitable i think is trading bitcoin.  Because u can earn your profit everyday once the bitcoin price goes up u can get profit. And trade it also in altcoins is best one to trade your bitcoin to earn more bitcoin.


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February 27, 2017, 08:18:41 AM
#54

trading is good, but you need skill of predicting the marketplace, good strategy, or good analysis. in the other side, mining is more profitable, but you need more time in front of your computer, more budget, and skill. just choose one depends on what you get.
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February 27, 2017, 10:48:56 AM
#55

Why not try both of it and see for yourself? But once you invested into real mining don't feel sorry if you will get more expense rather than profit. It's already proven here by many that don't start up your own mining farm if you are not ready for consequences. Also trading of bitcoins is also good instead of buying hardware, buy bitcoin and hold.
Maybe because mining bitcoin is very expensive? Mining bitcoin is not like it was in the old times, where a single person with a computer could mine bitcoin in his room, now you need expensive hardware and cheap electricity to have the possibility to be profitable at all.
You are right mining bitcoin is really expensive nowadays compared into those previous years compared to this current year which it would really need asic miners in able to mine bitcoin and we know its not cheap at all thats why theres also a good way to acquire more just by trading.

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February 27, 2017, 11:44:08 AM
#56

You know, there's a saying that you should not keep your eggs in one basket. I think that is true in this case as well. I love bitcoins but putting all your investments into it is not the best financial idea(even though I completely believe in bitcoins and the growth). You should have some assets through trading as well on various companies.

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February 27, 2017, 12:58:28 PM
#57

Well, mining is too expensive nowadays, and I assume that only corporations owning lots of equipment can handle that.
Trading is risky too, but at least you can get into it with less amount than into mining. 

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February 28, 2017, 10:37:38 AM
#58

For mining there is no need of any experience, just we need investment to generate coin. But where as trading needs lot of experience, which make you more money once you are familiar with market. In long run both will give profits but we can make more money through trading only.

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February 28, 2017, 06:49:17 PM
#59

For mining there is no need of any experience, just we need investment to generate coin. But where as trading needs lot of experience, which make you more money once you are familiar with market. In long run both will give profits but we can make more money through trading only.

If you do cloud mining, you have to use a good site.

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March 01, 2017, 01:29:47 AM
#60

Mining is going to make you minimal amounts as of now.

If you're looking for pocket change, you should definitely try to sell some products on this forum and others that accept bitcoin. You can definitely invest in altcoins and such, but it is very volatile and there is no way to put your 100% certainty on the possibility that you will make money on your investment. Always be careful and play it safe. Don't get greedy. Investments with bitcoin are always a gamble.

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March 01, 2017, 02:19:01 AM
#61

For me trading bitcoins is good that is if you know what you are doing don't be greedy in investing bitcoins because most of it are scams.
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March 01, 2017, 05:17:49 AM
#62

For me trading bitcoins is good that is if you know what you are doing don't be greedy in investing bitcoins because most of it are scams.
OP doesnt mention about investments and as we can see hes talking about trading or mining bitcoin. For me both would really be profitable as long you do have the right things that are being needed on each way.

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March 01, 2017, 09:46:44 AM
#63

both are profitable, but in my opinion trading more profitable, and it certainly depends on your strategy.
mining is good for long term benefit, but risks such as difficulty level increases, the cost of electricity and damaged mining tool could be a factor in the future.

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March 04, 2017, 03:04:11 PM
#64

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley

you can earn from both ways, and you should go with mining if you have cheap electricity. Otherwise, you will only lose money, because bitcoin price will be too small than you need to earn profit.

And if you don't want to/can't mine bitcoins, then you should try trading, which will bring you profit if you know what you are doing. So it is better for you to read about it before starting trading.



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March 04, 2017, 10:04:15 PM
#65

For mining there is no need of any experience, just we need investment to generate coin. But where as trading needs lot of experience, which make you more money once you are familiar with market. In long run both will give profits but we can make more money through trading only.

If you do cloud mining, you have to use a good site.
Tell me what amount you can earn in mining? This amount will be so small that I really doubt that it is possible to use the word earnings to this method. I think mining is a way to earn a few Satoshi to learn how to use cryptocurrency.

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March 04, 2017, 10:46:55 PM
#66

For mining there is no need of any experience, just we need investment to generate coin. But where as trading needs lot of experience, which make you more money once you are familiar with market. In long run both will give profits but we can make more money through trading only.

If you do cloud mining, you have to use a good site.
Tell me what amount you can earn in mining? This amount will be so small that I really doubt that it is possible to use the word earnings to this method. I think mining is a way to earn a few Satoshi to learn how to use cryptocurrency.


Don't believe on such cloud mining they are all scam. Even you will find a "good" one that is just the beginning of their deception. Better to go and risk with trading of bitcoin/alt coin which is more reliable and legit type of investment.

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March 04, 2017, 11:55:19 PM
#67

 it depends. If you have capital mining will be better as there are almost zero risk while for trading you need to know the technical know-how on how do it. Hence the choice is yours.
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March 05, 2017, 06:43:58 AM
#68

Both are good but in my opinion trading because mining takes a lot of time money patience and electricity Cheesy

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March 06, 2017, 01:47:25 AM
#69

Well i would advice you to buy and sell bitcoin with another payment option, this is risk zero to loose money, while at mining you have to check always your equipment, and if burn you have to repair, sure miners are for long term, but if your energy cost is high just dont start mine, just focus into daily, weekly direct trades.

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March 06, 2017, 05:47:59 AM
#70

Both will be good and it is profitable .In trading you can earn as much as you can but it requires skills and good predictions in the market . If you are going to mining i think it depends on your bitcoin mining hardware and it is a little bit expensive to buy . But it has no risk of losing bitcoins rather than trading activity .


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March 06, 2017, 08:57:39 AM
#71

Both will be good and it is profitable .In trading you can earn as much as you can but it requires skills and good predictions in the market . If you are going to mining i think it depends on your bitcoin mining hardware and it is a little bit expensive to buy . But it has no risk of losing bitcoins rather than trading activity .

Yeah both will generate profit. But in different way. In Trading, you can earn profit by exchanging different Altcoins and maximizing it's fluctuations. While in mining, your mining rigs are mining blocks either it is bitcoin or altcoin. You are rewarded by a certain coin for every block that you mine. Then you will sell your earned bitcoin and that gives you profit.

I think mining is more complicated rather than trading. Mining requires deep knowledge about the hardware; how to properly configure it etc. Trading only requires researchers for a certain coin you are to trade with. And don't require huge capital to start.
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March 06, 2017, 09:40:06 AM
#72

Both will be good and it is profitable .In trading you can earn as much as you can but it requires skills and good predictions in the market . If you are going to mining i think it depends on your bitcoin mining hardware and it is a little bit expensive to buy . But it has no risk of losing bitcoins rather than trading activity .

Yeah both will generate profit. But in different way. In Trading, you can earn profit by exchanging different Altcoins and maximizing it's fluctuations. While in mining, your mining rigs are mining blocks either it is bitcoin or altcoin. You are rewarded by a certain coin for every block that you mine. Then you will sell your earned bitcoin and that gives you profit.

I think mining is more complicated rather than trading. Mining requires deep knowledge about the hardware; how to properly configure it etc. Trading only requires researchers for a certain coin you are to trade with. And don't require huge capital to start.
Speaking with complexity mining is more complicated than trading same as you said but we still need knowledge  on doing trading since its not easy to be profitable on it.Just like on mining they do have different field which we have to focus or learn on.



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March 06, 2017, 10:30:23 AM
#73

Both will be good and it is profitable .In trading you can earn as much as you can but it requires skills and good predictions in the market . If you are going to mining i think it depends on your bitcoin mining hardware and it is a little bit expensive to buy . But it has no risk of losing bitcoins rather than trading activity .

Yeah both will generate profit. But in different way. In Trading, you can earn profit by exchanging different Altcoins and maximizing it's fluctuations. While in mining, your mining rigs are mining blocks either it is bitcoin or altcoin. You are rewarded by a certain coin for every block that you mine. Then you will sell your earned bitcoin and that gives you profit.

I think mining is more complicated rather than trading. Mining requires deep knowledge about the hardware; how to properly configure it etc. Trading only requires researchers for a certain coin you are to trade with. And don't require huge capital to start.
Speaking with complexity mining is more complicated than trading same as you said but we still need knowledge  on doing trading since its not easy to be profitable on it.Just like on mining they do have different field which we have to focus or learn on.
If you're highly skilled both are good forms to profit high. Trading can be done even with small amount of capital and based on the capital investment we can profit depending on the variation. With mining big capital investment is required for the purchase of mining equipment. Importantly with mining profit is based on electricity consumption to the coin generated. So depending on these factors people choose the one gets the increased profit.

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March 06, 2017, 11:05:14 AM
#74

When it comes to investment, both are based on investment, trading is based on short term profits and bitcoin is based on long term profits. If a person is familiar with both of these will make tons of money with the skills he had, because trading need skills and bitcoin earnings based on according to upwards and downwards.

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March 06, 2017, 12:08:03 PM
#75

Both are good but in my opinion trading because mining takes a lot of time money patience and electricity Cheesy
But it's still worth with our effort and i think why are a lot of the miners still doing his mining activity in this time?

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March 06, 2017, 03:53:11 PM
#76

When it comes to investment, both are based on investment, trading is based on short term profits and bitcoin is based on long term profits. If a person is familiar with both of these will make tons of money with the skills he had, because trading need skills and bitcoin earnings based on according to upwards and downwards.

Buy low and sell high is the strategy everyone follows in trading but no one knows which is lowest or highest price to make a move as price may go down after you buy and opposite can happen after selling your coins as you may see higher price in next few days so its hard to decide the perfect time to buy and sell.


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March 08, 2017, 01:32:38 AM
#77

Well i would advice you to buy and sell bitcoin with another payment option, this is risk zero to loose money, while at mining you have to check always your equipment, and if burn you have to repair, sure miners are for long term, but if your energy cost is high just dont start mine, just focus into daily, weekly direct trades.

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March 08, 2017, 02:25:48 AM
#78

I hope trading is the best option for making money because we have to adjust our order according to market ups and downs. But whereas mining needs a lot of investment, through bitcoin mining when difficulty arises maturity of coins will take long. So when compared to mining, trading is more profitable.

                         
                        
                     
                   
                              
                                               
                        
                       
                       
                   
                  

                     
                       
                     
                    
                   
                
                     
                        
                        
                        
                        
                       
                        
                       
                      
                     
                   
                     
                     
                     
                      
                  
                
              
             
            
                       

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March 08, 2017, 02:59:45 AM
#79

for me, trading is some work that can give us profitable in money, but we need to learn more about trading so we need to practice what we have learn. its interesting when we can watch the market, see the price is up and down, make analysis on some coins, decide on how much we want to buy and sell. for mining option, if we have more budget, then we can start our mining farm but before we do this, we need to make calculation about the cost so at least we can get some profit from mining too.

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March 08, 2017, 04:19:17 AM
#80

Trading vs bitcoin is  like a match in a boxing game there maybe a winner and a loser, but here in digital currency they were partners. As bitcoin is used to trade to alternative coins, then bitcoin is a very vulnerable type of currency that will be earning profitable income on trading sites. However it has a bigger difference between fiat money trading and in digital currency trading which mostly traders of fiat currency was not familiar with and I think its not hard for them to adopt digital currency of bitcoin. The importance of bitcoin for fiat cash source is can be invested whether altcoins trade or exchanged to fiat money tradings; you have free will to choose.

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March 08, 2017, 06:22:44 AM
#81

What is profitable? For me both are profitable trading of bitcoins and mining it but when it comes to mining it there's something new about it.

For newbies that wants to start mining, then it won't be profitable anymore for them but for those old miners still it's applicable.

That's why I said that they are still both profitable depending on what you prefer to do.


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March 09, 2017, 03:33:10 PM
#82

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago

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March 10, 2017, 07:41:23 AM
#83

For me trading bitcoins is good that is if you know what you are doing don't be greedy in investing bitcoins because most of it are scams.
OP doesnt mention about investments and as we can see hes talking about trading or mining bitcoin. For me both would really be profitable as long you do have the right things that are being needed on each way.

Yes, I agree with you both are profitable but for mining, we have to check all aspects of hardware because sometimes you will face electricity problems majorly in the summer season. Trading is a different platform where you have to analyze the market and you have to plan according to the market, but when compared to mining, you can make a huge profit with little investment.

                         
                        
                     
                   
                              
                                               
                        
                       
                       
                   
                  

                     
                       
                     
                    
                   
                
                     
                        
                        
                        
                        
                       
                        
                       
                      
                     
                   
                     
                     
                     
                      
                  
                
              
             
            
                       

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March 10, 2017, 10:50:50 AM
#84

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago

There are a lot of tutorials through youtube if you want to start mining but that isn't profitable right now because of the difficulty. And when the next halving will come, the difficulty will increase again so don't try it if you don't want to waste a lot of electricity on it. Trading will always be the best thing for most of us who are new comers, mining is just good for the old ones.

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March 10, 2017, 12:47:16 PM
#85

Mining is a profitable thing, otherwise we wouldnt have miners market at all, sure the roi is getting longer since difficult raises all weeks, but all you need to get profit is low energy cost and equipment new. Trading will allow new comers to make easy money without have to check all day the machine, and can be the easy way to get some income, even knowing crypto world isnt easy at all.

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March 10, 2017, 06:04:46 PM
#86

That will be depends on your budget.
Both of them are profitable.
If you have small amount of coins you can start trading or some other work to earn coins.
If you have big capital you can try mining.
And be careful while investing your coins on websites. Because, lot of scam websites are there.
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March 11, 2017, 09:51:32 AM
#87

See it totally depends on the resources available.
I mean if you have a good and efficient system,
Which takes a less amount of electricity and doesn't get heated then,
Mining will be a great option for you.
And if you lack even in any one of these than I don't think that mining may be profitable.
Trading bitcoins for other currencies is also a good option,
If you are really in need of money.
But if you are neither in need of money nor you have a good system to mine .
So I insist you to just retain your bitcoins.

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March 12, 2017, 12:46:11 AM
#88

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free 
I think trading is more profitable for me, im not saying that mining is not profitable but in our country (phiilippines) mining is not a profitable for us because of the high payment of bills anyways, I would probably say that two of us are profitable if you have a big capital and its worth

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March 15, 2017, 03:21:25 AM
#89

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.
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March 15, 2017, 03:26:33 AM
#90

Mining is a profitable thing, otherwise we wouldnt have miners market at all, sure the roi is getting longer since difficult raises all weeks, but all you need to get profit is low energy cost and equipment new. Trading will allow new comers to make easy money without have to check all day the machine, and can be the easy way to get some income, even knowing crypto world isnt easy at all.

It's true, but mining is not necessarily giving a big advantage, because the mines have to require a lot of capital. It would be better for those who have only little funds use trading as an alternative because underpinning trading capital will be able to gain any advantage if indeed they have a strong intention. And I need to know to be able to win and get a profit in trading, then it should be smarter in analyzing.

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March 15, 2017, 03:40:51 AM
#91

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.

I agree, bitcoin mining is not as profitable as it used to be. Unless you can compete against the big players in the industry and you have super duper low electricity costs then you can't earn from it. About the altcoins, the best ones to mine I think are the ones that suddenly dropped already. Usually there are coins that just go dormant then comes back alive in a few months. It could be a great opportunity to mine those.

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March 15, 2017, 12:56:15 PM
#92

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.

I agree, bitcoin mining is not as profitable as it used to be. Unless you can compete against the big players in the industry and you have super duper low electricity costs then you can't earn from it. About the altcoins, the best ones to mine I think are the ones that suddenly dropped already. Usually there are coins that just go dormant then comes back alive in a few months. It could be a great opportunity to mine those.
This is true,mining bitcoin is possible and profitable but you must always consider on the electricity cost on your place because if its expensive then you are just mining uselessly because it wont be profitable at all and you would just pay up for the electricity cost on mining them.Speaking of alts its better and its easy to mine them and sell/convert them to bitcoins.

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March 15, 2017, 02:13:42 PM
#93

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.

I agree, bitcoin mining is not as profitable as it used to be. Unless you can compete against the big players in the industry and you have super duper low electricity costs then you can't earn from it. About the altcoins, the best ones to mine I think are the ones that suddenly dropped already. Usually there are coins that just go dormant then comes back alive in a few months. It could be a great opportunity to mine those.
This is true,mining bitcoin is possible and profitable but you must always consider on the electricity cost on your place because if its expensive then you are just mining uselessly because it wont be profitable at all and you would just pay up for the electricity cost on mining them.Speaking of alts its better and its easy to mine them and sell/convert them to bitcoins.
It is not just electricity cost you should look into, probably regulations and laws on it too. What laws does apply to your mining and how do you get taxed. That is another point you have to consider. Because there is a chance you might get in trouble if it was made illegal or something like that.

milewilda
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March 15, 2017, 02:20:48 PM
#94

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.

I agree, bitcoin mining is not as profitable as it used to be. Unless you can compete against the big players in the industry and you have super duper low electricity costs then you can't earn from it. About the altcoins, the best ones to mine I think are the ones that suddenly dropped already. Usually there are coins that just go dormant then comes back alive in a few months. It could be a great opportunity to mine those.
This is true,mining bitcoin is possible and profitable but you must always consider on the electricity cost on your place because if its expensive then you are just mining uselessly because it wont be profitable at all and you would just pay up for the electricity cost on mining them.Speaking of alts its better and its easy to mine them and sell/convert them to bitcoins.
It is not just electricity cost you should look into, probably regulations and laws on it too. What laws does apply to your mining and how do you get taxed. That is another point you have to consider. Because there is a chance you might get in trouble if it was made illegal or something like that.
If you do mining its up to you if you will hide or just know the government that you are operating a mining farm but on my case I would not tend to tell them about what am I mining since they cant trace me up as long you don't expose yourself to public.If you are afraid to get some charges then its your own decision to make.

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March 15, 2017, 02:49:36 PM
#95

Heavy investment is needed for mining yet that is somehow a guaranteed return of investment at least after 4 years of mining without selling any mined coins or at least selling only 10% for expenses, or you can let miners risk their funds and mine then you can buy off them and start trading but you'll going to buy at a higher price than you could potentially sell if you were mining yourself.

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March 15, 2017, 03:00:07 PM
#96

Heavy investment is needed for mining yet that is somehow a guaranteed return of investment at least after 4 years of mining without selling any mined coins or at least selling only 10% for expenses, or you can let miners risk their funds and mine then you can buy off them and start trading but you'll going to buy at a higher price than you could potentially sell if you were mining yourself.

You also have to worry about electricity cost of bitcoin miners. Also when a new generation of bitcoin miners come out your miners will for sure be obsolete and no one will want to buy your old miners for the price you paid for it. It might be better if you just buy bitcoins and hold them, instead of mining it for profit.

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March 15, 2017, 03:07:31 PM
#97

Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley

I compared two totally different things, profitable trading just sounds simple, in reality it`s very hard to choose right moment for buying and selling, you can use bot if you can trust it with couple thousand dollars. To make profit on trading you need to be experienced player, and to know how to analyze market in order to predict price.
Mining is easier, you need more to invest in beginning, but for sure less knowledge like you need with trading, machines are doing the job instead of you, but you need to buy miners pay electricity (or anyone who plan to begin), and after you can just relax and watch them working.


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Mr.grin
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March 16, 2017, 10:03:31 AM
#98

Heavy investment is needed for mining yet that is somehow a guaranteed return of investment at least after 4 years of mining without selling any mined coins or at least selling only 10% for expenses, or you can let miners risk their funds and mine then you can buy off them and start trading but you'll going to buy at a higher price than you could potentially sell if you were mining yourself.

You also have to worry about electricity cost of bitcoin miners. Also when a new generation of bitcoin miners come out your miners will for sure be obsolete and no one will want to buy your old miners for the price you paid for it. It might be better if you just buy bitcoins and hold them, instead of mining it for profit.
right, you're too worried about a miner, and it's probably the worst thing. what you need to do to make things better is to try trading by buying bitcoin and hold him in a long time. you can see the difference from its profits.

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ultrloa
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March 16, 2017, 11:57:03 AM
#99

Heavy investment is needed for mining yet that is somehow a guaranteed return of investment at least after 4 years of mining without selling any mined coins or at least selling only 10% for expenses, or you can let miners risk their funds and mine then you can buy off them and start trading but you'll going to buy at a higher price than you could potentially sell if you were mining yourself.

You also have to worry about electricity cost of bitcoin miners. Also when a new generation of bitcoin miners come out your miners will for sure be obsolete and no one will want to buy your old miners for the price you paid for it. It might be better if you just buy bitcoins and hold them, instead of mining it for profit.
right, you're too worried about a miner, and it's probably the worst thing. what you need to do to make things better is to try trading by buying bitcoin and hold him in a long time. you can see the difference from its profits.


Their are big difference from them truly if you compare their profits generated to us since in mining we surely can't get some good income with it since mining blocks difficulty is not easy for us to mine at this point, And in tradings and staking bitcoin will surely make us wealthy but theirs negative side from it since we cannot really tell that we will going to earn from it frequently when their are bad flactuation for bitcoins which can make us a losser if we don't follow its daily stats.

carlfebz2
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March 16, 2017, 12:20:26 PM

Heavy investment is needed for mining yet that is somehow a guaranteed return of investment at least after 4 years of mining without selling any mined coins or at least selling only 10% for expenses, or you can let miners risk their funds and mine then you can buy off them and start trading but you'll going to buy at a higher price than you could potentially sell if you were mining yourself.

You also have to worry about electricity cost of bitcoin miners. Also when a new generation of bitcoin miners come out your miners will for sure be obsolete and no one will want to buy your old miners for the price you paid for it. It might be better if you just buy bitcoins and hold them, instead of mining it for profit.
right, you're too worried about a miner, and it's probably the worst thing. what you need to do to make things better is to try trading by buying bitcoin and hold him in a long time. you can see the difference from its profits.


Their are big difference from them truly if you compare their profits generated to us since in mining we surely can't get some good income with it since mining blocks difficulty is not easy for us to mine at this point, And in tradings and staking bitcoin will surely make us wealthy but theirs negative side from it since we cannot really tell that we will going to earn from it frequently when their are bad flactuation for bitcoins which can make us a losser if we don't follow its daily stats.
I do agree on what you have said mining nowadays isnt profitable at all as the day pass by the difficulty does too which means longer runs wont be profitable at all.
Trading is really have the advantage speaking of potential earnings either on short or longer periods of time.



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Omega Weapon
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March 17, 2017, 12:55:52 AM

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.

I agree, bitcoin mining is not as profitable as it used to be. Unless you can compete against the big players in the industry and you have super duper low electricity costs then you can't earn from it. About the altcoins, the best ones to mine I think are the ones that suddenly dropped already. Usually there are coins that just go dormant then comes back alive in a few months. It could be a great opportunity to mine those.
This is true,mining bitcoin is possible and profitable but you must always consider on the electricity cost on your place because if its expensive then you are just mining uselessly because it wont be profitable at all and you would just pay up for the electricity cost on mining them.Speaking of alts its better and its easy to mine them and sell/convert them to bitcoins.
It is not just electricity cost you should look into, probably regulations and laws on it too. What laws does apply to your mining and how do you get taxed. That is another point you have to consider. Because there is a chance you might get in trouble if it was made illegal or something like that.
Fortunately there are not many places I think of in which bitcoin mining is illegal, the only one that comes to mind is North Korea, the problem in the rest of the world is how to pay your taxes properly.
marketone
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March 17, 2017, 09:53:34 AM

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.

Yes, when compared to bitcoin, right now the best option is mining with altcoin. Altcoin mining will also give huge profits, but the major problem is we have to find which is one is suitable for us to make huge money. In other ways, we can sell them in an open market where the coin is listed in exchanges. 

                         
                        
                     
                   
                              
                                               
                        
                       
                       
                   
                  

                     
                       
                     
                    
                   
                
                     
                        
                        
                        
                        
                       
                        
                       
                      
                     
                   
                     
                     
                     
                      
                  
                
              
             
            
                       

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Luno
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March 17, 2017, 09:00:06 PM

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.

I agree, bitcoin mining is not as profitable as it used to be. Unless you can compete against the big players in the industry and you have super duper low electricity costs then you can't earn from it. About the altcoins, the best ones to mine I think are the ones that suddenly dropped already. Usually there are coins that just go dormant then comes back alive in a few months. It could be a great opportunity to mine those.
This is true,mining bitcoin is possible and profitable but you must always consider on the electricity cost on your place because if its expensive then you are just mining uselessly because it wont be profitable at all and you would just pay up for the electricity cost on mining them.Speaking of alts its better and its easy to mine them and sell/convert them to bitcoins.
It is not just electricity cost you should look into, probably regulations and laws on it too. What laws does apply to your mining and how do you get taxed. That is another point you have to consider. Because there is a chance you might get in trouble if it was made illegal or something like that.
Fortunately there are not many places I think of win which bitcoin mining is illegal, the only one that comes to mind is North Korea, the problem in the rest of the world is how to pay your taxes properly.

yes trading is the best option, mining is difficult job as well as you need to have big capital to do mining and you must have good knowledge about it before entering to the mining field. trading is best as you can predict most of the time and you can plan and you can sell/buy where you will get the benefit to the highest. 

thefaucetrunner
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March 17, 2017, 09:03:02 PM

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.

I agree, bitcoin mining is not as profitable as it used to be. Unless you can compete against the big players in the industry and you have super duper low electricity costs then you can't earn from it. About the altcoins, the best ones to mine I think are the ones that suddenly dropped already. Usually there are coins that just go dormant then comes back alive in a few months. It could be a great opportunity to mine those.
This is true,mining bitcoin is possible and profitable but you must always consider on the electricity cost on your place because if its expensive then you are just mining uselessly because it wont be profitable at all and you would just pay up for the electricity cost on mining them.Speaking of alts its better and its easy to mine them and sell/convert them to bitcoins.
It is not just electricity cost you should look into, probably regulations and laws on it too. What laws does apply to your mining and how do you get taxed. That is another point you have to consider. Because there is a chance you might get in trouble if it was made illegal or something like that.
Fortunately there are not many places I think of win which bitcoin mining is illegal, the only one that comes to mind is North Korea, the problem in the rest of the world is how to pay your taxes properly.

yes trading is the best option, mining is difficult job as well as you need to have big capital to do mining and you must have good knowledge about it before entering to the mining field. trading is best as you can predict most of the time and you can plan and you can sell/buy where you will get the benefit to the highest. 

Trading is better as looking at the charts you can predict what will be the position in coming time and if you are good in judging the situation then it will definitely give you some good results in the form of good profits.



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Zadicar
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March 18, 2017, 01:37:35 PM

honestly i was never try to mining bitcoin because i do not understand how to start mining using my PC and people says after halving mining for bitcoin would not profitable anymore and since that i would not dare to start mining but because i have no experience for mining i think i have to says that trading bitcoin more profitable and i did try it already while the price surpassing gold several times ago
Unless we have a huge amount of money then mining bitcoin is out of the question, however mining altcoins it is still possible but you need to choose the right coin or you could end up with nothing if the coin is dumped.

I agree, bitcoin mining is not as profitable as it used to be. Unless you can compete against the big players in the industry and you have super duper low electricity costs then you can't earn from it. About the altcoins, the best ones to mine I think are the ones that suddenly dropped already. Usually there are coins that just go dormant then comes back alive in a few months. It could be a great opportunity to mine those.
This is true,mining bitcoin is possible and profitable but you must always consider on the electricity cost on your place because if its expensive then you are just mining uselessly because it wont be profitable at all and you would just pay up for the electricity cost on mining them.Speaking of alts its better and its easy to mine them and sell/convert them to bitcoins.
It is not just electricity cost you should look into, probably regulations and laws on it too. What laws does apply to your mining and how do you get taxed. That is another point you have to consider. Because there is a chance you might get in trouble if it was made illegal or something like that.
Fortunately there are not many places I think of win which bitcoin mining is illegal, the only one that comes to mind is North Korea, the problem in the rest of the world is how to pay your taxes properly.

yes trading is the best option, mining is difficult job as well as you need to have big capital to do mining and you must have good knowledge about it before entering to the mining field. trading is best as you can predict most of the time and you can plan and you can sell/buy where you will get the benefit to the highest. 

Trading is better as looking at the charts you can predict what will be the position in coming time and if you are good in judging the situation then it will definitely give you some good results in the form of good profits.
Technical analysis would somehow work on trading bitcoin because its really a helpful tools on doing trading but it might not work anytime because bitcoin prices sometimes doesnt really matter on those TA (technical Analysis) since there are happenings which do happen unexpectedly.

xIIImaL
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March 18, 2017, 02:09:03 PM


Technical analysis would somehow work on trading bitcoin because its really a helpful tools on doing trading but it might not work anytime because bitcoin prices sometimes doesnt really matter on those TA (technical Analysis) since there are happenings which do happen unexpectedly.

Is there technical analysis to check the price bump and dump in bitcoins. Trading analysis is simply by checking the value and buy the btc when it is low and sell it out when it is high. How it is possible to be perfect in trading techno analysis. If you any tool or idea about please share it. It would help for all traders.


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