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Author Topic: Trading or mining?  (Read 4807 times)
kiedis
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August 20, 2018, 10:01:25 PM
 #281

Mining was the best option at the beginning. Now it is too late, your investment have to be really big in order to make a decent return. If you are counting that the price of ypur mined coins will rise (like ETH) it is risky and probably better still just buy the coins.

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pant-79
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August 20, 2018, 10:26:41 PM
 #282

The purchase of equipment for mining is very expensive. But there is potential in this. Just you have to calculate how much you really pay for the equipment and what the costs for electricity will be. Maybe for you it's not such an expensive purchase.
As for investing, now is a good time to buy crypto currency. Now the prices are very low. Therefore, buying several prospective coins for medium and long term trading can potentially bring you very good profits.
So make a decision based on your financial situation and goals.
dating centre
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August 20, 2018, 10:34:57 PM
 #283

I understand mining in general, but the high cost of electricity with electricity instability in my area makes it impossible to do, I don't want to use a generator just to mine!

the best alternative is trading because it only focuses on capital analysis and daily profit, I prefer the price formation situation on the market rather than monitoring the mining hash settings and doing nothing.
Well, in the end, we have to have a good team if we want to use Minning, because I feel it is very difficult to manage it myself. well, but if it's a team, it's good to have a minning before trading. making use of both of them will be very good.
mining is not as such easy job, it requires a lot of equipment and setup which also require a lot of investment, while trading is a little easy as compare to mining. it also requires a lot of money but still it is easy than mining.
OutlawFat
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August 20, 2018, 11:13:37 PM
 #284

In answering this question to yourself, you have to answer a lot of additional questions. To make long story short - trading Wink
yulionoo
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August 20, 2018, 11:21:11 PM
 #285

indeed both can be used as a way to earn income. but both have risks and also the advantages or disadvantages of each. I think mining requires more capital than trading. because the tools used to mine are also expensive, so I myself prefer to trade daily rather than mine.

 
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lavishlifing
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August 21, 2018, 12:18:34 AM
 #286

Definitely going for trading, if you want to start trading
there's only few things that you need, examples are,
time, money(30$+), effort, etc.
Sasha Grey
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August 21, 2018, 02:02:49 AM
 #287

I prefer trading, with trading we have the chance to get profits up to hundreds of percent in a month or even less, but with mining it takes at least a year for RoI and of course with the condition that prices are stable, if the price drops then it takes longer for RoI.
Pattart
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August 21, 2018, 02:07:26 AM
 #288

I understand mining in general, but the high cost of electricity with electricity instability in my area makes it impossible to do, I don't want to use a generator just to mine!

the best alternative is trading because it only focuses on capital analysis and daily profit, I prefer the price formation situation on the market rather than monitoring the mining hash settings and doing nothing.
Well, in the end, we have to have a good team if we want to use Minning, because I feel it is very difficult to manage it myself. well, but if it's a team, it's good to have a minning before trading. making use of both of them will be very good.

Share in expenses and share in profits, not bad. But if you're someone that doesn't really socialize that much, you might obviously find it difficult to get a team of crypto miners. However not like you're required to have friends but if you have the ability to negotiate appropriately then you might get one. It is about the profitability anyway, so they might agree. Some could ask you a lot like it is an interview on how these costs are calculated accurately, because he might think of that you're just screwing with his electricity. It is gonna be you teaching most of the important definitions about crypto and inside of its mining process.
That is what is not liked by mining. making teams, sharing profit, share costs and working together and so on. of course people will think that it will be very complicated. whereas trading will be much easier, do not need to work as a team let alone share profits. I choose trading
Innerpumper
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August 21, 2018, 02:19:50 AM
 #289

wait as prices bitcoin didasar is the best thing to buy and trade bitcoin with great benefits and targeted. Whereas, currently for mining is very lose. However, for you are a holder you may be able to get great benefits.

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coin_1122
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August 21, 2018, 02:57:02 AM
 #290

People who have very good experience at trading will always go for trading because of mining always needs large equipment for maturing the coins and for this we need some space. For experience, people trading always need little expenses to make a profit on it.
destiny100%
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August 21, 2018, 03:20:33 AM
 #291

Most people have the view that they will trade instead of exploiting. I personally like that. The exploitation costs a lot so the exploitation will not get much profit.
katuhakuh
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August 21, 2018, 03:27:39 AM
 #292

In my opinion, trading is more risky, but mining requires large capital to run. I prefer to trade with small capital so that I can get maximum profit and avoid losses.
vuithoinha
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August 21, 2018, 03:35:57 AM
 #293

Mining is a great way to make money, but not two have the capital to invest in digging systems and have the knowledge of digging algorithms to maintain the machine. Trading is a much easier option
Hirikama29
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August 21, 2018, 04:40:03 AM
 #294

Mine make you get bitcoin free from digging bitcoin, however digging bitcoin you need to invest in machinery as well as you need to invest on time . you can trading and mining both
hardinero007
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August 21, 2018, 05:09:05 AM
 #295


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.

hi, it seems you have been into crypto for a long time since you are already a hero member.  anyway, there are fun stuffs both in trading and mining, and both can bring you good profits.

let's start with trading.  since crypto is still in it's early phase, lots of people are also trying out trading, and if you're better than average dude, you can earn buy buying altcoins on cheaper exchange and sell these on the more expensive exchange.  do this regularly and you can have  good earnings.

for mining, don't mine old coins.  hunt for new coins and mining their coins will net you more coins since difficulty will not be that hard.  if you can, you can buy hashrate online (nicehash) to get more coins.  once the coins appreciates in value, sell them for bitcoin.
hastang
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August 21, 2018, 06:21:52 AM
 #296

I prefer trading rather than mining! Mining requires a huge amount of capital and its not guarantee if you could get a good area to do your operation as it's requires lot of energy. Further, most countries don't allowed mining of bitcoin in their court because of the energy it would consumed. Unlike trading, as long as you have money you can start trading, just follow the rule of buy low and sell high to earn profit in your capital.
Dianaarrah
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August 21, 2018, 06:43:10 AM
 #297

It's much profitable on Trading since you just invest your money and not buying any hardware and equipments to do mining. But, maybe some people do it simultaneously so they can earn both on trading while doing mining it will just cause them electricity bills. If the market falls down it might affect them really big.
BeGoods
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August 21, 2018, 12:08:27 PM
 #298

I understand mining in general, but the high cost of electricity with electricity instability in my area makes it impossible to do, I don't want to use a generator just to mine!

the best alternative is trading because it only focuses on capital analysis and daily profit, I prefer the price formation situation on the market rather than monitoring the mining hash settings and doing nothing.
Well, in the end, we have to have a good team if we want to use Minning, because I feel it is very difficult to manage it myself. well, but if it's a team, it's good to have a minning before trading. making use of both of them will be very good.
mining is not as such easy job, it requires a lot of equipment and setup which also require a lot of investment, while trading is a little easy as compare to mining. it also requires a lot of money but still it is easy than mining.
Yeah you right, in mining there is setup, maintenance, control, large capital to buy equipment and cost electricity and so on. that's why you need a team to make it easier. but of course the profit will decrease due to profit sharing, besides being complicated in handling it, I think it will be much easier in trading. no maintenance. You just focus on the coins you will buy
fredo123
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August 21, 2018, 01:10:45 PM
 #299

both of these do have a big risk, but there is a difference between the two. I suggest before you choose one of the mining and trading you should have understood some advantages and advantages of doing so and we know that doing mining is in need of a large initial capital.
Here are advantages of bitcoin mining over buying bitcoins,
* Bitcoin mining allows their user's 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.)
HatakeKakashi
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August 21, 2018, 01:31:34 PM
 #300

If you have big capital you can do it, but they have a lot of procedure that you before you start a mining because most of the miner lost their capital because of don't enough knowledge about mining. If you have friend it is good because he can guide you to mining and big chance that you earn money because your friend know what to do.

Trading is open for all what ever how much is your capital you can start buying an altcoin and you need only few information and knowledge about trading and you can earn money if you invest to a good and potential coin.

 
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