mining or trading??HELP ME!!!

[removebeforeflight]

Mining
1)Need hardware like the graphics card, rigs etc.
2)Need low cost electricity since mining consumes more electricity.
3)Need technical knowledge and support to maintain hardware and troubleshooting.
4)Cost is involved in buying hardware.

Trading
1)Need good knowledge of the cryptocurrency market volatility.
2)Need special knowledge on the investment, when to buy and when to sell.
3)Risk involved in the investment
4)Could trade any crypto as per your requirement like what you have in hand since there are coins starting from $0.01

Choose which one is convenient for you.

[Thanasis]

Both are different kind in bitcoin mining no effort is needed to make money but the capital needed for that is very high because our earnings will be based on our miners so high spec miner higher earnings.But we can start trading with little amount too there is no stable income you need skills and time to make money so choose which is best for you.

You are right both are different level of investments,mining needs huge investment but in trading your profits will be based on capital and your skills but mining is the best than trading because there is no risk and stable income and miners will have value always even all coins were mined.

[Jacsnuffles]

I'm newbie ,
im selected get bitcoin,how to get....!
 Helpfull

Spend more time in Bitcoin Forums. You can gain answers with all of your questions in mind. And many investors begun by searching Google, watched videos and reading forums. I can't suggest any strategy for it might confuse you.  You can try both with a small amount of money then once you find the right strategy for you, keep studying the method. Read more so you can learn more about it.

[barryallen1999]

Both mining & trading appear to work well as long term investments. As a trader I struggle to hold a coin if it has risen above 20% and is sitting on a level whilst others are busy rising.
So for me the difference between mining and trading is that with mining you have NO CHOICE but to hold long. Which contrasts my trading practices nicely

[andree nguyen]

Nice set of trades you made there! I suck at trading so tend to stick to the long-term hodling / investing mindset, which has worked out fairly well for me. When I try short term trading, I tend to sell too soon or set stops which often get taken out, only to have the coin bounce back a bit later.

[elyfia0203]

I'm more of trading because mining can get really expensive. Costs include buying the miner (a dedicated machine) itself, accounting for its storage, security, electricity costs and even internet costs, its maintenance and the long duration of time and efforts. Therefore, with the amount of initial investment, there are no extra profits.

[Zidanmusk]

I love every tiny thing about mining, but when I first calculated ROI I'd make it back in 4 months. Now it's just short of a year. Trading can do alot more. But I really love mining, one day another coin may come up that's ridiculously profitable. Right now none are really promising. But dunno if new coins are using the pow model? Anyway sorry for the essay I've just given myself a few days to decide. If I didn't need the cash I'd mine as a hobby.

[roxan iris]

Trading is much faster. Even though the best bitcoin miners can take hours or days to mine their bitcoins, buying bitcoin, on the other hand ,  is instant since you’re picking up pre-existing bitcoins. So i think you'd rather trade than mine.

[putrii]

I'm newbie ,
im selected get bitcoin,how to get....!
 Helpfull

I prefer to mining rather than trading because with mining we can get passive income and daily capping without having to think about the condition of the price in the market penyawang.bukan just that dnegan mining we do not need to fear if stuck in high prices.

[ciara123]

Why are there lots of people interested in trading instead of mining? I think mining has it own outstanding advantages:
- Mining allows their users keep a track of their transactions. The bitcoins are untainted.
- There is no extra fee that is charged for acquiring the coin apart from the investment in hardware (this itself may be substantial though) when you mine

[Geemy]

Mining takes a lot of time, but trading time is short and profit or loss fast depends on the period in which it is traded, it is better to change and choose the right time to trade

[masbimz]

What can i help you? Cause now many trusted site to buy bitcoin, i prefer that you find your trusted site by themselves. Do some research about bitcoin to know more about it, to make sure what will you do after that.

[valeria isa]

In terms of volatility, there is much more volatility in trading than mining…however both are subject to the volatility of the market. If you mine Cryptocurrency A, and the value of it drops, and you are holding that crypto, then you will lose out on money. Same as a trader. However, the risks are spread out differently between the two.

[britai ruby]

If one can afford to do both, it makes sense to do both. That way, one is able to hedge one’s risk while still exposing one’s self to the potential rewards possible from trading

[thomas daniel]

Due to electricity costs and ridiculous prices for the asic miners - it will take you anywhere between 250- infinite days to break even. After that time you make a slow profit. You have a high initial investment at high uncertainty.
You trade (let’s say investing: buy and hold), you got the real return instantly.

[reliable]

If one can afford to do both, it makes sense to do both. That way, one is able to hedge one’s risk while still exposing one’s self to the potential rewards possible from trading

If your country has legally accepted btc then you can mine the coins after calculating the electricity cost involved in it. What will be ROI and can you make that investment. Also in trading you have to invest once and then keep checking regularly if your coins is performing well or else invest in a different coin

[luke liam]

I'm more of trading because mining can get really expensive. Costs include buying the miner (a dedicated machine) itself, accounting for its storage, security, electricity costs and even internet costs, its maintenance and the long duration of time and efforts. Therefore, with the amount of initial investment, there are no extra profits.

Yes I agree. In addition, the value of bitcoins can fluctuate while mining. Bitcoins can deflate in value and remain unstable in cases of technical glitches with the system or bitcoin exchange markets.

[dylan jayden]

Both buying and mining have their own pros and cons. Mining, however, is unsuitable for the vast majority of bitcoin users today. Personally I'm not going to put a lot of money to invest in the act of 'mining' (buy equipment, infrastructure,...)

[ethan oliver]

Definitely trading.
Nowadays it is very expensive to buy and power mining hardware, it requires several months to recover from your initial investment.
The only exception to this is if you live in a country where electricity is particularly cheap; in this case you can consider mining.

[Baldric Anderson]

Here are the payback period predictions if you get 1% back when trading per day.
Mining: 81 Days
Trading: 100 Days
Mining is more risky but gives much better returns. Also mining profitability varies depending on difficulty and value of currency.