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Author Topic: mining or trading??HELP ME!!!  (Read 1952 times)
chriselda nina
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March 07, 2018, 10:51:51 AM
 #241

Mining costs too much, whilst i have to wait long time to get return (though it's very high). Therefore I prefer trading, at least the transaction fee is negligible compared to the costs for hardware, electricity etc. that you have to bear when mining your own coins.
tarolina vida
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March 07, 2018, 10:53:38 AM
 #242

Mining is too difficult. As what I read on articles, over the past half decade, mining has become extremely challenging — it is now futile to mine bitcoins using your computer or even your graphics card. Miners now need ASICs (Application Specific Integrated Circuits) — dedicated machines designed to mine bitcoins. So I choose trading instead of mining.
moetimas
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March 07, 2018, 11:00:01 AM
 #243

in my opinion, bitcoin mining will be difficult to gain, in addition to expensive equipment cost and electricity costs, you will also be faced with a giant mining machine that uses a large server, unless you choose another coin (eg ETH). if you choose to trade, it still allows you to get a quick profit, even for bitcoin trading, you just buy and hold it until you get a profit.
britai ruby
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March 07, 2018, 11:00:44 AM
 #244

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 Cheesy

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

In my country, mining bitcoin is accepted by the government, at least it hasn't be banned so far Grin Grin however, mining requires lots of investment (including money, technology and infrastructure, may there need a large system and a powerful team to execute mining). Huge return is expected but personally I have no intention of mining. I'm just saying that if he can afford, just go for it cause it can bring undeniably high profit (in the long term).
atom2080
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March 07, 2018, 11:20:50 AM
 #245

lot of people recommend to mining!!, yups same like me,i'm newbie too, so that's good ide, beside that we don't need to much worry
jack ryan
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March 07, 2018, 11:23:11 AM
 #246

Trading is riskier and based on luck and market sentiment. Mining has more controlled risks IMO. If I have to choose between trading and mining, I will choose mining; but it depends on other factors as well.
david_019
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March 07, 2018, 11:59:59 AM
 #247

Mining is good if you have a good CPU for it but doing this is expensive when it comes to electricity. In trading as long as you can ride the situation in the market this thing is also good. Meaning both are good but both also has different disadvantages, you will ddiscover it through your journey if you really interested to do this. But my advice to you is choose only one for now and familiarise it, before doing both in order to save yourself from pressure. Good luck.
Thanasis
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March 07, 2018, 01:00:58 PM
 #248

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.
In mining no effort just miner will do the work but trading is more riskier the chance of losing our money is more in trading but mining will give stable income in future the rewards may decrease in terms of bitcoin due to difficulty but the price increase will equalize that.

gabmen
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March 07, 2018, 01:06:48 PM
 #249

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.
In mining no effort just miner will do the work but trading is more riskier the chance of losing our money is more in trading but mining will give stable income in future the rewards may decrease in terms of bitcoin due to difficulty but the price increase will equalize that.

Yeah how did mining become more risky when you don't even have to deal with market volatility when mining. The profit may just be slower compared to trading but that's probably the easiest, safest way to accumulate a decent amount of crypto coins.

 
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nonsonote
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March 07, 2018, 01:08:49 PM
 #250

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

I think for a newbie it's better to get more information about bitcoins. And I wouldn't suggest mining too. If you really need to choose between mining and trading I'd pick bitcoin trading. It's only bacause mining now is really hard and it needs great knowledge and high-powered machinery to do so.
But if you want, there are still other ways to get bitcoins. It's through ptc, bitcoin campaignd, bitcoin faucets and others. Just read more in this forum and do some research on your own and then you'll able to know that there are several ways to earn bitcoin other that these.
kevinzxz
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March 07, 2018, 01:16:27 PM
 #251

if you do not want to take big risks and just want to get a profit that is not too big I recommend for mining, but if you want big profits and take a big risk too, then I would advise you to trading, because the profit of trading bigger of mining, although trading risk is greater than mining.

malbterxic
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March 07, 2018, 01:34:20 PM
 #252


   If you are a beginner and do not know where to start, I advise you to take part in Bounty.
Costs are minimal and the return is good + get acquainted with the new projects.
And I choose to buy coins, not prey.
Now the equipment is overvalued and production complexity is high.

Lukan
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March 07, 2018, 01:35:19 PM
 #253

I suggest you do both. When it comes to mining if it too expensive for you, you can mine some altcoins that give u better profit and then exchange it for Bitcoin.
This is just a suggestion.
silent2
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March 07, 2018, 01:51:09 PM
 #254

Mining of course this is good, but a lot of energy pulls, as for me it's better to trade) and it's more secure, and mining can and steal) God forbid Cheesy
zakirazak
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March 07, 2018, 02:05:12 PM
Last edit: March 10, 2018, 03:21:02 PM by zakirazak
 #255

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


there are many ways for you to get Bitcoin but the most popular are Five ways.

1. Mining (Cost of equipment and electricity)
2. Trader (Capital Risk)
3. Bounty Hunter (Jobs & Duties)
4. Author and Website Master (Professional)
5. ICO Investor / Investment (Fraud and Failure Risk)
6. Join Faucet (Alternative)

From the options above most people choose to join Mining
despite the grievances of some people in various aspects of the way setting about
but Mining BTC is the right choice for you to have the BTC without relying on others.
Additionally, the choice to become a trader is also among the top two tier options and
they are in the habit of inviting you to join their Pump & Dump group.

to join bounty hunter you need to work to promote ICO and their websites
including, Video, Translate, referral programs and so on. this is the third most participating group.
although it takes time, but they are paid at the best prices, and there is an option for you to join from various developments.
Author is also listed in the bounty program.
but quite a bit different from the Author and Website Master that I'm trying to split up here,
you are building your own website and can choose to compose to promote
various ICOs, advertising, speculation, analysis and so on according to your own ideas.
it is a large and wide scope of field then you need to be consistent to carry it.

The fourth option is most popular and you need to understand
the idea of ​​a project and business model including a developer team
otherwise you will be easily misled by ICO scams.
For the sixth option is the option for those who like to quote from the faucet as their hobby.

and last, i want you to see TokenGo project and evaluate them for part of your investment portfolio,
if taken from my rating, TokenGo aligns with my long-term investment trends for 10 years. besides,
you are free to join their chat group to get the latest information from TokenGo development Team

Noctis Connor
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March 07, 2018, 02:13:37 PM
 #256

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


It depends on how much money you'll have, if you have enough money to buy the mining rig for mining bitcoin then it much better and if your money is not that good then you can trade or just buy bitcoin in how much you have money, you can have profit on that if you know how are you going to sell the bitcoin on time you will have a lot of bitcoin.
InahC
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March 07, 2018, 02:22:54 PM
 #257

It depends.
You should have the money to invest and you need patience for this won't work as what you are expecting.
Trading and mining are the same for me.

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March 07, 2018, 02:27:59 PM
 #258

Try yourself in trading and if you fail, then you can try yourself in mining
Mining need more investments to start, unlike the trading. You can start trading with small balance

Bitcoinjheta
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March 07, 2018, 02:33:10 PM
 #259

It depends.
You should have the money to invest and you need patience for this won't work as what you are expecting.
Trading and mining are the same for me.


Well, having this kind of strategy in earning bitcoins i prefer in trading because its not that risky compared to mining which is time consuming and expensively procedure. However in trading you must have good analytical skill so that you can earn bigger profit.
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March 07, 2018, 02:35:33 PM
 #260

If you want to make a big profit, you have to trade but your risk must be high risk
if you want to face low risk, you can buy mining rig but you also have to trade for your exchange coin to fiat.
this is a suggestion, maybe you can start trading and when you have got much profit you can buy mining rig so you can do mining and trading
I hope this helps you

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