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Author Topic: Trading VS Bitcoin!  (Read 13644 times)
jossiel
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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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Rude Boy
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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.

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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
 #100

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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