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[Arkonixmining]

Which is the best way to make money? Bitcoin Mining or Trading?

 

[KarthikP]

I think the best way to make money online is by Bitcoin trading as mining involves complications . Bitcoin trading is simple , buy Bitcoin when price is low and sell it when price us high.

 

[Arkonixmining]

Well some people say mining is about accumulation while trading is based on speculation, my question to you is can i entrust my hard earned money into Bitcoin trading based on speculation?

 

[KarthikP]

Well some people say mining is about accumulation while trading is based on speculation, my question to you is can i entrust my hard earned money into Bitcoin trading based on speculation?

Yes you can trust Bitcoin atjeast if not other cryptocurrencies. Bitcoin is the king of cryptocurrency and it's trusted by millions. Just buy bitcoins when price is low and sell it when price is high to get the profit , but you need patience.

 

[Brain]

Trading will be okay by me, because mining will involve so much than trading. Though we can make money mining or trading it but the easiest is trading. Buy when the price is low hold it for a while and sell when high again.

 

[Mubashar786]

i will go rather the third route sell people bitcoin who want it locally for higher price & earn this way and on trading i would say it is better vs mining because it's not easy to understand and needs expensive hardware to start off

 

[Hollyhip]

i think bitcoin , for the last perioud of time hear that it start really making sense and people start have good money , anyways depends on you ! good luck!

 

[salvi]

In reality very few people have bitcoin because I have experience on it. I have seen people with 112 BTC! So, this money did not come by trade or mining as loss is 100%/ This does not mean iceland/chinese mining companies are not gaining anything. Trades are usually have huge money so they loss one project and gain another too.

 

[KarthikP]

Bitcoin trading is better than mining as mining involves lot of expenses to buy mining rigs and also for electricity. Trading just requires skills and patience.

 

[Balint098]

Obviously trading as it requires less investment and risk. Just plan ahead, don't let your head gets too hot, always be on the lookout for sign that may affect the cryptocurrency sphere.

 

[hibi3454]

Well, if you were talking about bitcoin mining in the early days of bitcoin - where you could easily mine thousands of bitcoins in a few hours, I would have definitely said mining. but considering the current situation - I will have to say, more money can be made from smart bitcoin trading and investing

 

[KarthikP]

Now that the bitcoin price has suddenly rised to $9300 and hopefully $10000 in the coming days , i would recommend bitcoin trading in popular exchangers to gain profit.

 

[microunit]

trading is good if you want high profit in a short time but it's really high risk high reward, mining if you want a long term stable income, but for mining the setup is quite tedious and sometimes costly, you might even loss rather than profit

 

[Brain]

Bitcoin trading is better than mining as mining involves lot of expenses to buy mining rigs and also for electricity. Trading just requires skills and patience.

Well stated,in fact I will urge beginners or newbies to Bitcoin to start off with trading or even claiming from faucet to learn more about Bitcoin. Mining needs more money and it's more tasking too.

 

[KarthikP]

Well stated,in fact I will urge beginners or newbies to Bitcoin to start off with trading or even claiming from faucet to learn more about Bitcoin. Mining needs more money and it's more tasking too.

Yeah the newbies need to trade on their own. They may learn about trading from anywhere in internet. Trading should not be misunderstood with Ponzi/hyip sites. Some newbies fall into trap for ponzis

 

[Brain]

Yeah the newbies need to trade on their own. They may learn about trading from anywhere in internet. Trading should not be misunderstood with Ponzi/hyip sites. Some newbies fall into trap for ponzis

You have made a valid point here, because I made the same mistake as a novice , taking investing in hyips site to mean trading. I learn the difference here. This site has been very helpful.

 

[Mbwolf]

Trading is more profitable but it's a risky field so you need to be ready for it and learn before starting
mining is a great field but if you don't have a good budget you will not earn that much in daily basis

 

[KarthikP]

You have made a valid point here, because I made the same mistake as a novice , taking investing in hyips site to mean trading. I learn the difference here. This site has been very helpful.

Yeah you are right. Trading to me means just buy any cryptocurrency at low price , hold it till the cryptocurrency go high and sell that time. It requires only patience

 

[Brain]

Yeah you are right. Trading to me means just buy any cryptocurrency at low price , hold it till the cryptocurrency go high and sell that time. It requires only patience

This is the best bet without losing so much unlike trying to double or triple the coins through hyips at the end of the day it might be outright loss. Buying and holding and selling at higher price has little or no risk

 

[KarthikP]

This is the best bet without losing so much unlike trying to double or triple the coins through hyips at the end of the day it might be outright loss. Buying and holding and selling at higher price has little or no risk

Yeah and you can do this same process with multiple cryptocurrencies like litecoin, ethereum , so your profits are really worth when you sell all at high prices.