Is it better to mine or buy Bitcoin?

[Ruffian14]

Both choices are good but it will depends on you whether you choose mining or trading. If your a really good trader then I suggest that you go for trading because it will give you profits in short term. And if you want a long term profits then I suggest that you go mining but then again if you have the money to set up a mining rig because if you dont have enough money then don't think anymore and go to trading. Just buy the money you have in bitcoin.

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[Roxyy]

It is better to buy bitcoin than equipment for mining. Because you need to buy really worthwhile equipment. A weak device will significantly reduce your chances of success. Secondly, electricity cost may exceed revenues from mining. still there is a risk , which is that the constantly changing and difficult to predict.

[Joylee]

I think buy bitcoin is better than mine.Bitcoin is most powerful cryptocurrency.If anyone wants to invest his/her money I suggest to buy bitcoin now because it is the time to bye bitcoin.

[rawafe]

I don´t know if nowdays are good moments to keep the rig´s working. The market are on the ground and right now aren´t profitable.
I´m thinking to switch off my rig.

[skibikipapa69]

Before mining was the best way to earn bitcoin but lately it seems like buying has been the easiest and fastest way. If I have the resources I would definitely buy bitcoin rather than mining it. Mining cost a lot of fortune, I would rather use that money for mining to buy bitcoin than to spend expensive mining rigs and set ups.

[Diniil]

I waiting for lower price of bitcoin to 5,000-6,000 dollars. This will be a good price range for buying bitcoin.

[DoublerHunter]

I waiting for lower price of bitcoin to 5,000-6,000 dollars. This will be a good price range for buying bitcoin.

Yup that is my range too for buying bitcoin because i believed that 5,000 USD is the bottom of this crash and that is the best to enter the market and to get a lot of bitcoin for future holdings. If the price goes lower than 5,000 USD then it is a red flag for me that i should stop buying and sell it for a low price and buy again for a lower price.

[Jerzzz]

Today, about 80 percent of bitcoins are mined. Therefore, the complexity on them is constantly growing, and it's getting harder to get them. Therefore at the moment, I think it's easier to buy bitcoin rather than mine it. It is better to extract altcoyins promising.

[markk94]

mining in this kind of bitcoin prices is kinda hard and tiring, not just the poor rate of bitcoin these days, there are electrical bill that high too because of that bitcoin mining rig. it is surely better to do some trading or investment in bitcoin rather than to buy the mining rig.

[AlienSeeker]

Both of them need money to start, and both of them is expensive to start. Always know the advantages and disadvantages about the mining and buying of bitcoin. But for me, if you have a great place to mine and if it is cheap to buy gou in your country them I better go to mining. Mining need a great maintenance in your mining rig. In buying there is a risk that you can lose money but all you need is ptience. It always up to you what you will choose.

[dillpicklechips]

 i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

It really depends. If you have cheap electricity in your are then why not take advanatage of it and start mining BTC. Though if you're place aren't the environment that mining needed then better just buy which you can either hold for long term, trade or do both.

[adjudicator]

 i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

If you have a knowledge, time, effort, patience, money, and gadgets then you can start to mine. Mine is I think the hardest activity to gain profit from bitcoin. So if you just need a profit but lack of some stuffs in mining then just go with investing you just need a piece of time, effort, knowledge and money.

[olari]

If you have the following advantages: cheap electricity, cool climate and substantial capital then it may be feasible to go into bitcoin mining. If not, you are almost certainly better off just buying and holding BTC.

[wheirs]

If you live in country with cheap electricity then you might consider it, because to buy you will pay extra 10-20% fee and if summ is big then to mine is better.

[vergel24official]

Consider the bitcoin price in buying Bitcoin never buy when it's in highest value, you probably going to gain loss.
In mining you just need to have equipment and you are ready to go it is like you are investing on something and after that you will earn.
For me I will go for mining, because it will surely gain profit and easy to maintain.

[GardenChristian]

 i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

I think different people have different choices. People don't want to take a big risk, so he chose to dig the bitcoin, which is a stable get the bitcoin, but it requires a lot of money to buy equipment, and its benefit of waste is slow, you need a long time to get some bitcoin.

[argiyan.tri]

I think you better mine bitcoin, because if you buy, you will be very loss if the price drops. but if mine not too. #CMIIW

[Gheka]

Today, about 80 percent of bitcoins are mined. Therefore, the complexity on them is constantly growing, and it's getting harder to get them. Therefore at the moment, I think it's easier to buy bitcoin rather than mine it. It is better to extract altcoyins promising.

Yeah, the amount of bitcoin that can be mined is gradually smaller, competition in mining will probably also be higher, equipment is also becoming more expensive, and I hear many people say that the government can look for bitcoin miners from the power supply that is provided to the mining equipment. That is quite dangerous, we can be taxed income or face legal issues, this will not be a joke, to be more secure, buy bitcoin and then trade or invest in potential ico projects to earn more bitcoin, it will be reasonable and help us avoid some of the hassle

[NowYouAreSee]

I think now, to become a good miner of bitcoins, you need to invest a few hundred thousand dollars. It is easier to buy bitcoin for this money and wait for its growth.

[raihan09]

According to me it's better to buy bitcoin because nowadays bitcoin prices are down so, you should buy bitcoin than hold it while prices increase just sell it & earn huge benefit.