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Author Topic: mining or tranding?  (Read 2749 times)
ekoawandi (OP)
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May 27, 2017, 07:22:00 AM
 #1

Do you think is more profitable mining or trading? Advantages and advantages of anything.
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May 27, 2017, 08:28:52 AM
 #2

According to my research and readings I've done on some threads, I therefore conclude that trading is much better than mining especially if you are a newbie, because mining will requires a lot of time and investment in money. Some people say that you will need to invest millions before you cant be successful in mining bitcoins. So I would suggest that you should just go to trading and buying bitcoins rather than mining it.
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May 27, 2017, 11:33:52 AM
 #3

Do you think is more profitable mining or trading? Advantages and advantages of anything.

if mining btc is what you mean, then trading is definitely very much profitable. in mining you are lucky if you will reach ROI but if you use your money in trading you can even double or triple your money in a short time period.


 
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May 27, 2017, 12:20:01 PM
 #4

Do you think is more profitable mining or trading? Advantages and advantages of anything.

You can strike it rich with trading in just a day. However mining gives you a more secure passive income, which is what many people are after. Both can be practiced together and combined. You can farm money for mining by trading first and then when you mine enough money and see a good opportunity for X2 through trading use the coins you mined and get rich.
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May 27, 2017, 01:08:06 PM
 #5

HOLDING everything else is very risky.

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May 27, 2017, 01:11:49 PM
 #6

When you start in the cryptocurrency world, you should start learning the market and decide which option is best for you. Both options you can lose or make money, always a question of timing and the risk you are willing to take.



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May 27, 2017, 01:51:12 PM
 #7

Do you think is more profitable mining or trading? Advantages and advantages of anything.
Mining is too hard for common folk now and trading is like gambling. You can earn much fast, you can loose much fast.
Thats it, nothing more to tell about it. If you want more about why mining is for professionals now, learn about it some before investing in mining equipment.
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May 27, 2017, 02:05:43 PM
 #8

both of mining or trading for now are too risky.

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May 27, 2017, 07:30:26 PM
 #9

Do you think is more profitable mining or trading? Advantages and advantages of anything.

Both of them still profitable as long as you know how to do, but if you are late miners or dont have hardware to mine it's better to trade

Advantages of mining
1. You can mine everyday and forever
2. Everyday you have small profit, after ROI (hardware)

Disadvantage of mining
1. Electricity Cost
2. Wrong decision to mine a coin
3. Wrong hardware
4. Follow/buy hardware to increase your hash speed


Advantages of trading
1. No need to buy hardware
2. If you get profit, it will give you big profit

Disadvantages of trading
1. Risky for noob
2. Price volatility
3. Need to read news
4. No small profit after ROI



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May 28, 2017, 05:43:39 AM
Last edit: May 29, 2017, 12:32:22 AM by odolvlobo
 #10

Do you think is more profitable mining or trading? Advantages and advantages of anything.

One might lose less than the other, but I doubt that either would be profitable. Sorry, for being so negative, but some newbies are so naive, thinking they can earn money with no knowledge and no skill.

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May 28, 2017, 02:14:00 PM
 #11

For me trading is more profitable because I haven't really tried mining. In trading you can monitor everyday and even profit everyday if that's what you prefer but just make sure the coins you are putting your money on are active coins, mining they say is good too but electricity cost would be a major problem if so.
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May 28, 2017, 03:50:06 PM
 #12

For me trading is more profitable because I haven't really tried mining. In trading you can monitor everyday and even profit everyday if that's what you prefer but just make sure the coins you are putting your money on are active coins, mining they say is good too but electricity cost would be a major problem if so.

I agree, you profit more in trading and not worry about the cost of your electricity though there's a lot of possibilities in mining too though.

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May 28, 2017, 03:51:23 PM
 #13

if you have money ==> mining is good.
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May 28, 2017, 07:41:35 PM
 #14

If you don't have the equipment for mining, then trading is much easier. You can trade with just a smartphone.
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May 28, 2017, 11:34:30 PM
 #15

Do you think is more profitable mining or trading? Advantages and advantages of anything.

If you got a lot of money and willing to spend it for buying mining equipment then go for mining, but you need to buy fancy tools to get profit from mining, to do trading you need to have skill and you need to keep on updating your news, so you to spend your time to do trading and the profit from trading is not predictable
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May 29, 2017, 02:09:29 AM
 #16

Do you think is more profitable mining or trading? Advantages and advantages of anything.
If you will really invest a lot of money by buying some fancy equipments to make electricity cheap may it be solar and a good mining rig that would give you ROI better, then mining will be more profitable but if you will invest money that is not that big, Ill say that trading is more profitable but you need to have skills in analyzing and predicting to do trading.
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May 29, 2017, 02:55:35 PM
 #17

Trading is better because it requires no initial investment
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May 29, 2017, 03:46:34 PM
 #18

Trading is much better. To start mining you need to have a lot of money to buy the equipments and you will need to pay expensive electricity fees, because it consumes a lot.

With the money you would use to buy the mining equipments you can start trading and the only taxes you will pay are the exchange fees and I'm sure it's much more cheaper than the electricity fees.  Smiley

But you need to training first how to trade or you will waste too much money.

 
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May 29, 2017, 04:58:14 PM
 #19

Do you think is more profitable mining or trading? Advantages and advantages of anything.

Both have pro and cons. IMO, trading is more risky but more ROI. Mining may take more time,  but not sure about mining nowadays. Ermm.. Undecided

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May 29, 2017, 05:34:24 PM
 #20

I would combine it, because by trading you can get a good profit by spending not so big amounts of money. Buttt if you have a good rig which would cost you some money + electricity is not so expensive, than you can also mine. By combining those too you would be happy Grin

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