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Author Topic: Trading or mining?  (Read 4807 times)
roadwell890
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October 01, 2018, 04:44:13 AM
 #661

I am not a person who is often at home, trading can be done on a mobile basis and I like it, mining is great for passive income, only I am not too comfortable with all the costs included, including electricity costs, I am happy to do things with quick analysis, communication with many traders is more fun and always updated with the latest rumors.

surfer43
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October 01, 2018, 04:45:50 AM
 #662

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. Undecided
Also mining can make us earn a good profit but we really need a lot of strong financial support to purchase the costlier mining equipements there.
So i too go for trading with some great research and study.
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October 01, 2018, 07:03:05 AM
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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.
Well if you are really into bitcoin and you want a full time income from it go with mining but if you just want it to be a side income or a passive income go with trading. Mining costs a lot but will benefit give you also a lot and there are many things you need to consider before entering on mining such as the place, gears and equipment to use unlike trading you only need a capital for it and a trading site.

 
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AkiyoshiKumiko
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October 01, 2018, 07:43:29 AM
 #664

why don't you try invest a small to trading bro. if lucky you can get more money.
BitcoinCommodor
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October 02, 2018, 08:12:43 AM
 #665


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.
if I have to choose first I will study engineering or trading science until I really master it, after I understand it I will start for the mining process
because in the mining process we must know the coin price we are mining with all the possibilities that will occur in the market so that we can immediately minimize the losses that we will face when doing the mining process
Trading helps a lot and benefits are many if you try to become a professional trader then you will have to stay here in the crypto trading for some time so that you may have a grasp over things happen here to know how to deal with situations. Mining has no big profit for us though it is profitable but not that much as much trading is so it is productive if a person proceeds for both.
Cryptodiscuss
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October 04, 2018, 01:06:09 PM
 #666

Right now calculation for 36 rx470 mining etc is 35$ profit monthly. So whats smart there? Sell rigs and invest in crypto or continue mining?
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October 04, 2018, 01:44:49 PM
 #667

What is the best token or coins for mining ..?

moynul2050
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October 04, 2018, 02:08:57 PM
 #668

many people go bankrupt and sell their mining tools. this is due to the increase in oil prices which has caused electricity tariffs to rise.
then aggravated by the decline in the price of eth. take good and wise decisions with your finances.
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October 04, 2018, 02:14:11 PM
 #669

If you know how to trade then stick with trading
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October 04, 2018, 04:40:13 PM
 #670

Trading is more profitable than mining if you what you are doing. Mining bitcoin requires a lot of investment and with current market situation it is even no longer profitable.
shane
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October 04, 2018, 07:53:34 PM
 #671

Mining will become obsolete soon thanks to other algorithms such as POS where you don't need any mining rig or mining farm to generate a particular coin.
Furthermore, mining is not profitable now for individuals because of increased mining difficulty, price fall and high electricity consumption.
Therefore, it is better to focus on good coins which can be generated by staking or similar mechanisms.
Trading may be a good option. However, there are market manipulations which means there is a risk in crypto trading and should not invest more than afford to loose.

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proTECH77
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October 04, 2018, 08:00:41 PM
 #672

Trading is all my favorite when it come to cryptocurrency. Haven the right strategy been put in place when venturing into trading can in any mode yield more profit than Mining. Trading with the right skills on daily basses can be more rewarding than Mining on the best farm.

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batusangkar87
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October 04, 2018, 08:04:55 PM
 #673

trading is more risky but mining requires large capital to be able to walk. I prefer trading with small capital so that I can get maximum profit and avoid losses. So when the capital you have is not large, choosing trading is a good choice
shivansps
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October 04, 2018, 08:17:38 PM
 #674

As I'm just a retail investor, trading is more profitable for me for sure. I believe that mining will make me less money, but again mining is a good tool for the passive income. Mining Bitcoin now is on the corporate scale, so retail investor can't profit from it.

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Renampun
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October 04, 2018, 08:26:57 PM
 #675


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.
mining, in my opinion, is very good rather than trading, a stable income and the heart is not too surprised by market conditions, but we also have to be aware that the cost to start mining is not cheap and if the cost is a barrier, in my opinion, it is better to focus on investing in the ICO or following the bounty program until the capital is collected.

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October 04, 2018, 09:51:28 PM
 #676

Mining isn't profitable nowadays unless you have really a high budget to spend on equipments and electricity. Also, you have to wait a long time to get back your ROI with the mining tool. Trading is more profitable but it is also risky, and you should learn about its basics firstly.
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October 04, 2018, 10:47:31 PM
 #677

today, I would certainly prefer to buy coins and wait. Mining is not as cheap as it seems. electric energy costs money too.

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October 05, 2018, 12:44:05 AM
 #678

Trading is more profitable than mining if you what you are doing. Mining bitcoin requires a lot of investment and with current market situation it is even no longer profitable.

Yes right, the most difficult thing from mining is the level of difficulty that continues to grow, even though the price of coins has increased significantly but what I feel mining actually loses, the number of large companies that focus on mining makes personal mining a very difficult thing than tradingg.
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October 05, 2018, 04:08:01 AM
 #679

My friend said that now Minning actually loses because they will lose in terms of electricity payments. in my opinion right now is the holder for the long term to be able to get big profits
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October 05, 2018, 05:48:33 AM
 #680

Trading is more profitable than mining if you what you are doing. Mining bitcoin requires a lot of investment and with current market situation it is even no longer profitable.
Yeah if the rate in the market is low, of course mining will not be profitable, especially if the electricity and maintenance costs are expensive. of course the income from mining will not be able to cover that cost. if you have more skills and knowledge about crypto, then I suggest choosing a trade...
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