Trading or mining?

[adzino]

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.

You are better off investing on bitcoin. You will have to invest a lot of money for your mining rigs and maintenance. Don't forget about the electricity bill you will have to be paying. Your return of investment will actually takes a lot of time. Do keep in mind that the mining difficulty increases day by day and the rewards are eventually halved every 4 years. On other hand investing the same amount of money to trade bitcoin will you faster ROI but has its own risks too!

[lekam0213]

Both are good to be in, as long as you have enough knowledge and money to invest in both. If you want to be in mining well ofcourse easy money but big investment from the electricity bill, high tech computer,mining rig,etc. If you can afford it all then you can mine while in a farm house. On the other side if you want to get sure profit buy btc or eth and hold it.

[Tigorss]

Bitcoin prices are constantly decreasing.Its price has increased slightly a few days ago, but now it has decreased again.So, the bitcoin will be completely destroyed? If the predictions of different researchers will be wrong then..
What is the reason for lowering the price of Bitcoin?

it seems that the appearance of a new coin has a great impact on bitcoin prices, as some countries try to make the new virtual currency much out of bitcoin like china trying to make a new currency so that big investors move from bitcoin, South Korea is writing the middle to run the trade virtual money in the last week. This keeps the bitcoin price and the number of other virtual currencies plummeting dramatically.

[jeraldskie11]

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.

Those two choices in above is a great way of getting money in crypto. In trading, we can earn money by gaining profits into our funds that we used for trading and sometimes we can earn a huge amount of profit in trading but sometimes we will loss. And in mining, it is a passive income which we can earn in the daily basis so that we will not worrying about our tommorow's needs. So I suggested to choose mining than trading.

[Bdstar]

For me, Trading is much easier and comfortable in comparison to mining. I think Mining is a profitable platform but it requires a lot of risks. on the other hand, trading is the most profitable system if you are able to manage properly. So I always prefer to invest money in trading rather than mining.

[jorgelugra]

I think that trading is much more cost-effective compared to mining. I think that the government of many countries have already started investing in mining of coins and this is not surprising as this is profitable

[ghost14k]

Both trading and mining have their own advantage and disadvantages. Mining is good and profitable if you have the required hardware and electricity to set up a standard mining farm. Or you can be mining cheaper altcoins and be good. Trading is more of an investment which does not require much capital like mining to start up. Depending on your capital check the one you can afford and go for it.

[Clavulanic]

For me, Trading is much easier and comfortable in comparison to mining. I think Mining is a profitable platform but it requires a lot of risks. on the other hand, trading is the most profitable system if you are able to manage properly. So I always prefer to invest money in trading rather than mining.

True. But it still depends on the miner's capability and resources. It is just important to consider that mining has higher risk compared to trading as one should cope up with the latest mining technology and consider the energy consumption to name few.

[hungsanh2512]

Trading or mining are complex, if you do not have technical experience in mining, you can lost money because of investment in machinery, power consumption, time. Trading is simpler, you can learn on the Bitcoin forum, you can invest Coin that you see potential .

[fibrolit]

If I had enough money, but did not have knowledge in crypto-currencies, I would first of all be engaged in training. It would take 2-3 months. Then I would invest a small amount of money in various crypto currencies and try to start trading. Gradually, the experience would come with mistakes, then it would be possible to start investing large sums. And after that, you can also take up mining, but only as an auxiliary way of earning money. It is never necessary to hurry, especially in the field of crypto-currency. First you should study this industry.

[juljon18]

You may be able to find some good used equipment and start off that way (low risk).   I have been looking at trading for some time and cannot make any sense of it where I would feel comfortable making a living at it.  So I would choose mining.

[Evil eye]

I also recommend you do trading. Because mining is very expensive and time-consuming. So trading is more profitable than mine. So I think you can start trading by collecting some capital.

[bastian466]

between them both have a great risk if it happens to me. I prefer investing to trade, mine must have a super capital is very large better capital is done to trade it can quickly get the benefits

[stefany101]

I prefer mining because we can earn cryptocurrencies without doing nothing , unlike in trading that there is a possibilities that we may loss our funds.

[margert]

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.

You can see that bitcoin prices are in the bearish trend in the long term, so at this point you should only invest in short-term bitcoin and should not invest long term.

I learned that to be able to mine a bitcoin costs $ 6,000, so bitcoin mining is not very profitable and takes a lot of time.

So I believe you should only trade bitcoin.

[electron-coin]

To date, mining requires strong computing power. I think that your home computer will not be enough for you. Mining requires at least one farm for several video cards. So you still have to spend a lot of money to buy equipment. Also it will be necessary to take into account that the farm consumes a lot of electricity.
I have a friend who, only 5 months ago, had only 4 farms, for today he already has 12 farms.
But I think that everyone should choose for himself what is right for him. Active traiding, holding or mining. But what I know for sure, is that if you choose to be engaged in mining, then don't forget to look at the exchanges in order to be aware of the situation. Because another my friend sold his bitcoins from mining for $ 4000 in the autumn of 2017 ... How did he suffer in December 2017 ...

[strongman8]

I only have first hand experience with trading. it's been up and down but I'm ahead.  Everything I have heard about mining has been that its a loosing proposition.  I would love to make my money mining over trading if possible.  Trading is high stress. 

[josephdd1]

I only have first hand experience with trading. it's been up and down but I'm ahead.  Everything I have heard about mining has been that its a loosing proposition.  I would love to make my money mining over trading if possible.  Trading is high stress. 

Both take a certain level of skill and dependency and I think while its easier to do trading, mining would be preferred but is less practiced because of the hardware and energy costs.

[Kokondao]

if my suggestion is better you do mining though with small scale and also do purchasing of crypto for you make investment, because it is very profitable

[kotajikikox]

I prepeare to choose trading investment than to invest in mining one of my reason i choose trading than mining is because mining nned the big cpaital investment which is don't have big money to invest and second herein my location the electricity is too expensive and sometimes the internet connection are slow.