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Author Topic: Trading VS Bitcoin!  (Read 59026 times)
NetFreak199
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February 25, 2017, 03:40:06 AM
 #41

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
 #42

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
 #43

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
 #44

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
 #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.



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
 #46

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
 #47

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
 #48

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
 #49

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
 #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.
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
 #51

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
 #52

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
 #53

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
 #54

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
 #55

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
 #56

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
 #57

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
 #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.

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

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March 01, 2017, 01:29:47 AM
 #59

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.

This area is up for grabs! PM me if you're interested.
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March 01, 2017, 02:19:01 AM
 #60

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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