should i care about mining as a trader?

[Kyraishi]

should i care about mining as a trader? does it affect the coins in anyway?

as a trader you should always be on the look out for news.

Mining is a big part of bitcoin politics, and politics is what influences the price a lot of the times. So by listening or looking at what miners are saying you can often get an edge over your competitors or at least get a clearer image of what's happening and make an informed decision out of that.

You don't need to mine to care about mining, that's for sure.

All you need is be up to date with the latest miner news updates. It'll help you a lot with day trading.

[romani245]

should i care about mining as a trader? does it affect the coins in anyway?

Don't find any logic behind connecting them. I know mining of one coin would add up the more value to it but that is too diluted speculation. The investment made by whales, that is big volumes and exchanges would actually affect the price of coin. The mining is another side of the coin, it is connected but not on large scale.

It will just add up new coins, it will confirm the transaction on blockchain etc that's the main principle of mining. As trader you should focus on investments made to that coin on daily basis.

I don't see it this way. To mine, you need to invest in hardware, and then you need to decide which coin to mine with that hardware. That's investment. Miners are investors, and they are more likely to be holders than traders. In general, miners will only sell to cover overhead (and otherwise hold for investment), otherwise they would simply buy rather than mine.

[alani123]

Well, yeah. Miners can have a direct impact on prices so you should watch for threats. BCH is a threat on bitcoin as miners flee to it as profitability changes every so often. Also pools mining empty blocks promote bitcoin's transactions being expensive and thus limiting adoption. You should watch for sudden moves from miners.

[kingntking]

should i care about mining as a trader? does it affect the coins in anyway?

As a trader what you should be bothered about should be making profits from trading and not mining, if you decide to go into mining and trading and mining together you would lose focus and your trading is going to suffer.

[Bluestreet]

should i care about mining as a trader? does it affect the coins in anyway?

Yes you must care about mining even if you are a trader as there have been many instances when the mining power shifted from bitcoin to bitcoincash and the price also fell down due to that effect.

[Tamilson]

should i care about mining as a trader? does it affect the coins in anyway?

As a trader what you should be bothered about should be making profits from trading and not mining, if you decide to go into mining and trading and mining together you would lose focus and your trading is going to suffer.

Yeah I agree. You're a trader and not a miner so just focus in trading. As all we know mining requires you some fortune and instead of having profit you'll just ended up losing. Better to think it many times before you pursue it.
And you should study which coin is really promising to mine. Like some miners mine without thinking tha they are mining shitcoins. The investment their hoping turned to nothing.

[VanDeinsberg12]

no point of caring to these miners as a trader, you trade for the price not for the mining block or else. i actually don't care about them when i do trade, but if there's some rumours that seem to involve miner and have potential to get them away from a coin, then it'll disaster for that coin and the price might just drastically getting down.
as a trader, there's 3 points you should care about: news, rumours, and the price movement.

[Hamphser]

should i care about mining as a trader? does it affect the coins in anyway?

As a trader what you should be bothered about should be making profits from trading and not mining, if you decide to go into mining and trading and mining together you would lose focus and your trading is going to suffer.

Yeah I agree. You're a trader and not a miner so just focus in trading. As all we know mining requires you some fortune and instead of having profit you'll just ended up losing. Better to think it many times before you pursue it.
And you should study which coin is really promising to mine. Like some miners mine without thinking tha they are mining shitcoins. The investment their hoping turned to nothing.

If you are a newbie miners for sure you would mine shitcoins for sure but there are some advantage because the only thing you do wasted on mining them is your time since you can anytime mine with other coins as you like.which means you do have a wide range of possible coins to be mined but if you dont have any knowledge or interest on this one better to stick into trading.Dont mind about the price because it does really decrease no matter what,this is how volatility works.

[Specterminate]

Mining and trading are two completely different things and can't be compared. Mining involves hardware, trading involves taking risks and thinking

[albertvert]

no point of caring to these miners as a trader, you trade for the price not for the mining block or else. i actually don't care about them when i do trade, but if there's some rumours that seem to involve miner and have potential to get them away from a coin, then it'll disaster for that coin and the price might just drastically getting down.
as a trader, there's 3 points you should care about: news, rumours, and the price movement.

Ya true. In trading you should consider the news about the price and rumors about the price of bitcoin and the Variation of price of bitcoin each hour to hour. You have to check the price of certain period of time. Buy  when the price is low and sell when the price is low. This is the therapy for trading.

[herurist]

should i care about mining as a trader? does it affect the coins in anyway?

Don't do that, mining and trading is different activity and strategy. Care about what you're doing and leave others thing. No effect/ impact to the coins anyway, " different activity and strategy ". Trading, mining, investment is only ways to make profit and grow up your fund. Just take one and leave the others, focus and also keep practice. Have a nice day.

[Dart18]

Yes you do need to know it. Specially, when it is a new coin that you will be buying.
With bitcoin it can affect the economy of it.
But dont go deep or your mind will blast. Just a little about the mining services specially with how it works with the transactions. Just dont look at the hardwares, I cant understand that. 

[valentine401]

should i care about mining as a trader? does it affect the coins in anyway?

I am not sure if this is the right answer to your question. The currency is depending on the supply and demand of a coin. Mining does really affect the market because they are the source for the bitcoin to circulate. In my opinion the increase and decrease of value will be depending on the miners. But still try to look for different news.

[joganuts]

Yes you are trading and you have to do that in other to be able to profits from the mining business. Mining though look like farm but you should understand that you are trading within the network. Trading is buying low and sell high for profit and we have to see mining the same.

Mining usually deals with time in accordance to crypto-currency mining. Hence, we should always keep in mind that the real issue on trading is basically the principle of law of price and demand where the stock rate or bitcoin has a vital point on the development of price of bitcoin. So the best way to do is to analyze and continue the learning process.

[iram3130]

I think every trader should know the basic ideology about mining of the coins which they trade. Because if every Miner stops then there won't be any meaning to the price of that coin, There will be no supply.

[YTBitcoin]

should i care about mining as a trader? does it affect the coins in anyway?

As a trader what you should be bothered about should be making profits from trading and not mining, if you decide to go into mining and trading and mining together you would lose focus and your trading is going to suffer.

Absolutely! Trading and mining are entirely different things and are not related to one another in anyway. If you have stepped in as a trader, then you should only be concerned about how well you can perform in your field than wasting your time in thinking about mining. Trading is more than one can even think of.

[PAKYU]

you don't to care about mining as a trader.  because your mission is feed to miners.

[kingntking]

should i care about mining as a trader? does it affect the coins in anyway?

These are two different things entirely, a miner and a trader. You cannot partake in both and expect to be good in both or to make profit from both, one of them has to suffer great loss if you are going into both simultaneously.

[oreits11]

as with the casuals miner entering market as moderating returns of release of news and regulation from the developer and the exchange, the decision with the mining gains as miner might defines of one with the limit of expends as focusing priors to work of one amongst the two option.

[SvenBomvolen]

Of course you should. I have noticed the tend that than less bitcoins to stay (for now it's mined over 15 millions of coins) than higher price for it. So when the time will come when all coins are going to be mined the price should be unbelievably high and that's the point of your trading.