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Author Topic: Trading VS Bitcoin!  (Read 45592 times)
Omega Weapon
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March 17, 2017, 12:55:52 AM
 #101

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.

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marketone
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March 17, 2017, 09:53:34 AM
 #102

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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March 17, 2017, 09:00:06 PM
 #103

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. 


 
 
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thefaucetrunner
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March 17, 2017, 09:03:02 PM
 #104

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
 #105

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.

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xIIImaL
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March 18, 2017, 02:09:03 PM
 #106


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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March 18, 2017, 03:04:32 PM
 #107

There is no way to predict bitcoin up or down, as a trader i know bitcoin as others altcoins are volatil, soo taking those into consideration, you know the real value of some coins and wich news can and will affetc them but market is always hard to predict. Recently the issue around bitcoin is wich position miners and exchanges will take, and well altcoins are getting a lot attention these days due to those news.

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ajeef
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March 18, 2017, 05:40:20 PM
 #108

There is no way to predict bitcoin up or down, as a trader i know bitcoin as others altcoins are volatil, soo taking those into consideration, you know the real value of some coins and wich news can and will affetc them but market is always hard to predict. Recently the issue around bitcoin is wich position miners and exchanges will take, and well altcoins are getting a lot attention these days due to those news.

Altcoin market is at its peak at a moment and some coins are moving like crazy but not sure what will happen in next few days as trading is always an unpredictable job but if you are good in it that you can predict from charts what's gonna happen in coming days.


 
 
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savioroshan
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March 21, 2017, 08:52:58 AM
 #109

In my opinion , mining bitcoins at this scenario is really profitable. Day by day , its price is increasing. I dont have much capital with me. Otherwise I would have tried mining bitcoins. Trading bitcoins is also profitable. But I think bitcoin mining is more profitable compared to trading bitcoins.



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March 21, 2017, 11:58:48 AM
 #110

It depends.If youre capable in mining a huge amount of bitcoins daily or weekly then you can get huge profit from mining.

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March 21, 2017, 02:32:36 PM
 #111

In my opinion , mining bitcoins at this scenario is really profitable. Day by day , its price is increasing. I dont have much capital with me. Otherwise I would have tried mining bitcoins. Trading bitcoins is also profitable. But I think bitcoin mining is more profitable compared to trading bitcoins.
Mining Bitcoin, I think it's just for long term investment, and with trading - especially trading altcoin -
it's can make us profitable every day. Although just 3 - 5% per day but at the end of the month we can get more than 50% profit.

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March 21, 2017, 02:41:42 PM
 #112

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
Well depend on the price of bitcoin between exchangers, for example if on local countries bitcoin price is more cheap
than international markets​, we can sell bitcoin to fiat use payment method like Paypal and other (we can use service of https://paybis.com/ for do it), it will be profitable but we must calculate the fees transaction between exchangers.

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March 21, 2017, 03:01:16 PM
 #113

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
Well depend on the price of bitcoin between exchangers, for example if on local countries bitcoin price is more cheap
than international markets​, we can sell bitcoin to fiat use payment method like Paypal and other (we can use service of https://paybis.com/ for do it), it will be profitable but we must calculate the fees transaction between exchangers.

Oh thats a good idea buddy, I didnt think about it. I am from india and there the selling price is really high when campared to the international market. OK so i will get some bitcoins from international exchange and sell it in indian exchange. Thanks for the idea buddy.



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March 21, 2017, 03:09:01 PM
 #114

In my opinion , mining bitcoins at this scenario is really profitable. Day by day , its price is increasing. I dont have much capital with me. Otherwise I would have tried mining bitcoins. Trading bitcoins is also profitable. But I think bitcoin mining is more profitable compared to trading bitcoins.
most people says mining wasn't profitable anymore and i do agree with them but if you're insist still want it why not just try for altcoin mining because most people says it is profitable especially if you mining the altcoins with good price and also combine both of them will make you have good chance to get more profit

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March 21, 2017, 03:18:24 PM
 #115

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
Well depend on the price of bitcoin between exchangers, for example if on local countries bitcoin price is more cheap
than international markets​, we can sell bitcoin to fiat use payment method like Paypal and other (we can use service of https://paybis.com/ for do it), it will be profitable but we must calculate the fees transaction between exchangers.

Oh thats a good idea buddy, I didnt think about it. I am from india and there the selling price is really high when campared to the international market. OK so i will get some bitcoins from international exchange and sell it in indian exchange. Thanks for the idea buddy.
You are welcome, if everything go fine (there are not high fluctuation of bitcoin price that make same price)
you can make profit with fast and real, than trading bitcoin to fiat on markets that must know about analysis technical
and will be difficult for getting constant profit on there. Good luck

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Omega Weapon
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March 22, 2017, 01:21:42 AM
 #116


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.
Technical analysis applies to anything that has enough volume so you can apply bitcoin analysis to bitcoin and some major alts but not to new alts since the price can change very rapidly if a whale enters the market and distort it.

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mrcash02
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March 22, 2017, 02:14:50 AM
 #117

In my opinion , mining bitcoins at this scenario is really profitable. Day by day , its price is increasing. I dont have much capital with me. Otherwise I would have tried mining bitcoins. Trading bitcoins is also profitable. But I think bitcoin mining is more profitable compared to trading bitcoins.
most people says mining wasn't profitable anymore and i do agree with them but if you're insist still want it why not just try for altcoin mining because most people says it is profitable especially if you mining the altcoins with good price and also combine both of them will make you have good chance to get more profit

To make this worth you need to mine a promising altcoin, because most of them are spam coins that are created, pumped and some time later they lost their price a lot, if you spend time mining these coins it won't worth and the same applies if you mine coins that have the price without changes, you won't see the price increasing, so you won't sell it for a good price, probably will have more losses with energy costs and mining equipment than returns with the currency profit.

sunsilk
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March 22, 2017, 06:27:24 AM
 #118

In my opinion , mining bitcoins at this scenario is really profitable. Day by day , its price is increasing. I dont have much capital with me. Otherwise I would have tried mining bitcoins. Trading bitcoins is also profitable. But I think bitcoin mining is more profitable compared to trading bitcoins.

I don't think so that mining is still profitable nowadays. Many are already telling us that it isn't going to be as easy as the early days of it.

And look, you don't have enough capital for mining so why go for mining? Trading is a better choice if you want to get more profit.

Mining is just profitable if you are living to a place that has cheap electricity or you've solar panels.



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Vivace92
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March 23, 2017, 04:12:04 AM
 #119

This is a great opportunity, with bitcoin easy to accept and send money, in addition to deposits for trading and gambling is also very easy. I'm sure the bitcoin will always attract in the future.
Omega Weapon
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March 24, 2017, 01:12:38 AM
 #120

In my opinion , mining bitcoins at this scenario is really profitable. Day by day , its price is increasing. I dont have much capital with me. Otherwise I would have tried mining bitcoins. Trading bitcoins is also profitable. But I think bitcoin mining is more profitable compared to trading bitcoins.
Mining bitcoins not only requires money, it also requires very cheap electricity and it requires experience, if you really want to try mining then it could be better for you to try to mine altcoins first and see if you are profitable there.

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