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Author Topic: Trading or mining?  (Read 4804 times)
wildflower18
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August 02, 2018, 11:24:21 PM
 #101

Now it is more profitable to deal with crypto-currency trading. Mining of the crypto currency is now only profitable on an industrial scale.

Yes more profitable in crypto trading if in mining the more device you have it can gives more profit. But I still prefer investing in crypto which I found more chance to earn profit. Searching the best on these two could helps to earn money. So still depends on a person on which is capable to earn.

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August 02, 2018, 11:28:47 PM
 #102

I would advise you to trade better. It is better to start with small volumes, gradually gain experience and it will be more profitable than mining. Now the payback of the equipment will take a very long time, compared to how it was before. So choose trading.

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August 02, 2018, 11:41:57 PM
 #103

I feel both have it's advantages and disadvantages. I had a similar question whether to invest on mining rig or invest on ICO. For some what reason , I chose trading and its working well for me. Mining is expensive and need some expensive hardware. My opinion, ICO and Trading are profitable.
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August 03, 2018, 05:06:54 AM
 #104

You will earn income for a longer period of time, but you do not need to invest capital, but you will be profitable and fast, but risk is higher if you do not have the knowledge. should choose the mining plan
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August 03, 2018, 09:20:28 AM
Last edit: August 03, 2018, 09:43:23 AM by renz0
 #105

Trading simply means exchanging one item for another or shall we say the process of buying, selling, or exchanging goods or services. Mining on the other hand is the process done by miners in which miners add blocks in block chain and gets reward for that. Trading needs less capital unlike mining. As long as you understand and can anticipated the movement of market price, you'll surely get profit from trading. So if I were to choose, I rather go with trading since mining is really expensive.
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August 03, 2018, 09:51:17 AM
 #106

Minning now it not an open door and it out of resources now and it take risks, so I think you should trading than mining it.
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August 03, 2018, 09:57:40 AM
 #107

The one I really have better experience on is trading and not mining. However, I don't know how mining really works but from the people that have been into the mining things they said it is not that profitable. Besides, from mine own experience in cryptosystem trade or trading it more profitable if you know how to trade.
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August 03, 2018, 10:16:52 AM
 #108

I feel both have it's advantages and disadvantages. I had a similar question whether to invest on mining rig or invest on ICO. For some what reason , I chose trading and its working well for me. Mining is expensive and need some expensive hardware. My opinion, ICO and Trading are profitable.

Both is profitable but in my own opinion, trading will make you earn more profit if you have a good strategy in the market or you are really working hard to monitor the market prices movements.
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August 03, 2018, 10:42:02 AM
 #109

I think we should combine trading and mining. Because mining requires investment in VIP machines. Trading requires money. If the combination of the two, the profit will rise higher.
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August 03, 2018, 11:04:51 AM
 #110

There are mining season and there are trading season. One can not afford to miss these cryptocurrency event! It will be out of place to say trading is better than mining or vice versa however, trading has more potential for profit if you consider how many times that could be done!

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August 03, 2018, 01:59:14 PM
 #111

I feel both have it's advantages and disadvantages. I had a similar question whether to invest on mining rig or invest on ICO. For some what reason , I chose trading and its working well for me. Mining is expensive and need some expensive hardware. My opinion, ICO and Trading are profitable.

Both is profitable but in my own opinion, trading will make you earn more profit if you have a good strategy in the market or you are really working hard to monitor the market prices movements.
- Agreed that trading would be more profitable but that is theoretically, everything that they predicted was good, in fact, trading is really too hard work to find a profit, the market is constantly changing, rising and falling abnormally. While if we make a reasonable calculation, mining can create more stability over a long period of time, although we need to put a large amount of money in the initial stages, all will soon recover and make a profit, however, the capital condition is probably too high, many people can not participate, it is a pity


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August 03, 2018, 02:32:38 PM
 #112

In terms of making profits in a short period of time, I prefer to do trading than mining. You can earn profits as much as you want but it is need your knowledge and attention because every seconds are important due to changing in prices of altcoins in crypto exchanges. In mining you can only also make money in an easy way but in a long period of time. Always take note, that in trading of cryptocurrencies is very risky thing to do.
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August 03, 2018, 02:40:00 PM
 #113

I like trading because trading provides greater profit in comparison with mining.Moreover,Mining has  a high electricity cost.
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August 03, 2018, 03:00:10 PM
 #114

There are mining season and there are trading season. One can not afford to miss these cryptocurrency event! It will be out of place to say trading is better than mining or vice versa however, trading has more potential for profit if you consider how many times that could be done!

I agree, we both need capital with trading or mining but in trading we can start even though our money is small than in mining you need to have a big amount capital before you start doing mining .

 
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August 03, 2018, 03:14:03 PM
 #115

I don't have any experience regarding Minning, besides that I also don't want to risk Minning. well, but I prefer trading in minning for now, maybe because I have experience in trading.

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August 03, 2018, 03:36:27 PM
 #116


Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.
This two types of earning crypto coins are very effective but it will only depends in a specific situation. I mean in mining, you need to have a good amounts of money and make sure that you can still gained more profits than paying electric bills. While in trading, you need to have a good mentor that have experienced in trading cryptos and can be trusted. Just my own opinion.
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August 03, 2018, 04:10:10 PM
 #117

Trading is better if you want to earn money faster, mining is more like a job and ROI can be doubled depending on the difficulty.
but as you know day trading is quite risky. People with more money in hands can move the market despite the trends.
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August 03, 2018, 04:14:40 PM
 #118

To be successful in mining, you have to invest a lot of money to buy mining hardware which is not cheap at all and you also need cheap electricity. On the other hand, you can start trading with a small amount of money.

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August 03, 2018, 04:23:10 PM
 #119

You will earn income for a longer period of time, but you do not need to invest capital,
How do you even get the money if you don't invest anything in the first place? Think again dude.

but you will be profitable and fast, but risk is higher if you do not have the knowledge. should choose the mining plan
There is no fast profit in this world, anything comes from your hardworking and patience. Also, mining needs knowledge and how to manage the money to make sure you are doing alright when doing so. If you said like that, you are literally know nothing on mining.

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August 03, 2018, 08:57:05 PM
 #120

Honestly speaking, it’s no big deal to do both. And there is no rule either that says that only one can be done. So, I will certainly not mind doing both. However, trading is not easy and comes with a lot of challenges that got to be tackled.

One easy way is to know what is running in the market and Chinese Region is probably the EASIEST way to go about. Once you know about this then you can EASILY make accurate decisions.
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