Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: BlockSavvy on March 27, 2025, 09:25:00 AM
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
It's no longer advisable to be a solo miner, even in the last 4 years, cost of electricity and then the hardware, so can't just simply mine at your own home. And if ever you do, you will want to compete with bigger mining companies that obviously has the superpower advantage against you. So between the two methods, it's better to just be a holder, accumulate as much as you can, do DCA and you will be fine in the long run as you will not complicate things on your end and will just have to wait till the top of the bull run to make profits.
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Mining bitcoin is capital intensive and may not be convenient. If you have the money to mine bitcoin, mining bitcoin is profitable.
If you can analyse the market excellently and you have money that you can invest in bitcoin, bitcoin investment will also be profitable.
A miner can automatically be an investor. An investor can not automatically be a miner. So miners have advantage because they can easily be an investor.
Mining is not for everyone. If you do not have access to cheap and constant electricity, mining is not for you. Also if you have no huge amount of money to invest on mining, mining is not also for you.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
It's no longer advisable to be a solo miner, even in the last 4 years, cost of electricity and then the hardware, so can't just simply mine at your own home. And if ever you do, you will want to compete with bigger mining companies that obviously has the superpower advantage against you. So between the two methods, it's better to just be a holder, accumulate as much as you can, do DCA and you will be fine in the long run as you will not complicate things on your end and will just have to wait till the top of the bull run to make profits.
I appreciate your ideas but what if i put in hosting services and i just need to monitor my daily profit? it is a less hassle to acquire hosting services than home mining.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Not involved myself with mining before but I will advise to make investment through DCA and this approach could help you gain lot of bitcoin your possession than basically relying on the mining to gain bitcoin, this could be slower but a kind of long term something, but then you must also consider also cost efficient of electricity and other stuffs.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
As others suggested to you, if you are the one who can not afford electricity bills and make it constant without any interruption, then the best thing is for you to invest in bitcoin after research because the best part of playing before investing anywhere is your own research.
But in my opinion, DCA will be the best strategy that can help you during all that time because you can buy anytime you are comfortable to invest in Bitcoin.
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For most people, hold is definitively better option.
I appreciate your ideas but what if i put in hosting services and i just need to monitor my daily profit? it is a less hassle to acquire hosting services than home mining.
Are you talking about mining hosting or colocation service? In that case, you still need to
1. Buy ASIC at reasonable price and send it to them.
2. Check their electricity rate, along with other fees.
3. Check how reputable they are.
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Mining bitcoin is capital intensive and may not be convenient. If you have the money to mine bitcoin, mining bitcoin is profitable.
If you can analyse the market excellently and you have money that you can invest in bitcoin, bitcoin investment will also be profitable.
A miner can automatically be an investor. An investor can not automatically be a miner. So miners have advantage because they can easily be an investor.
Mining is not for everyone. If you do not have access to cheap and constant electricity, mining is not for you. Also if you have no huge amount of money to invest on mining, mining is not also for you.
This is true, apart from the fact that mining is capital intensive, I also know that it requires some kind of skill and computational power. Also, its profitability has reduced overtime. During the early stage of the industry, mining was so profitable and that was how early developers accumulated a lot of bitcoin for themselves. Also, in the other hand, In the early days, small amount of money could buy you a lot of bitcoin. This means the argument of whether mining or hodling is more profitable will continue to be in existence.
I agree with you that a miner could also be an investor but not all investors can mine.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
If you do have the money, resources, living on a country with cheap electricity and having some technical knowledge about it then go MINING.
If you are living in a country do have that expensive electricity, doesnt have much money for the set up, doesnt have knowledge in mining then go for HOLDING!
You would be able to find out on which one would really be that fitting out for you and this is something that you must consider on this aspect.
Somehow, if you are really that curious and does really want to have that mining activity then its not bad to make some test out asic miners and try for yourself
but dont expect that you would really be profitable after that.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
rather than thinking about which one is more profitable i think you should consider which one will be better for you? do you know how to mine? are you willing to learn? are you willing to put in the effort? are you willing to spend for equipment? and etc
i just rather buy and hold as it is easier and i find it profitable for me already so i do not try to consider mining as i also think it is quite expensive to start even if we can say that the money can come back but i do not want to be a miner is the point
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This is true, apart from the fact that mining is capital intensive, I also know that it requires some kind of skill and computational power. Also, its profitability has reduced overtime. During the early stage of the industry, mining was so profitable and that was how early developers accumulated a lot of bitcoin for themselves. Also, in the other hand, In the early days, small amount of money could buy you a lot of bitcoin. This means the argument of whether mining or hodling is more profitable will continue to be in existence.
I agree with you that a miner could also be an investor but not all investors can mine.
The days where everybody could are gone.
(Unfortunately).
For now, BTC may be used as the ultimate store of value, and that may change in the future.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
It's no longer advisable to be a solo miner, even in the last 4 years, cost of electricity and then the hardware, so can't just simply mine at your own home. And if ever you do, you will want to compete with bigger mining companies that obviously has the superpower advantage against you. So between the two methods, it's better to just be a holder, accumulate as much as you can, do DCA and you will be fine in the long run as you will not complicate things on your end and will just have to wait till the top of the bull run to make profits.
I appreciate your ideas but what if i put in hosting services and i just need to monitor my daily profit? it is a less hassle to acquire hosting services than home mining.
I don't know, it's hard to find hosting company that is reliable and trustworthy. We all know that it's all business, and so they might offer too good to be true returns, but in the end it might not be the case.
And in cases, you need to buy the hardware or the company let you buy and host, hence the term "hosting" company. So it might not be as easy as it sounds and it you find a legit one, the ROI might not be profitable though or it might take a little longer to make a profit.
So it's just better as what others might have advise, just be a long term holder.
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I don't know, it's hard to find hosting company that is reliable and trustworthy. We all know that it's all business, and so they might offer too good to be true returns, but in the end it might not be the case.
And in cases, you need to buy the hardware or the company let you buy and host, hence the term "hosting" company. So it might not be as easy as it sounds and it you find a legit one, the ROI might not be profitable though or it might take a little longer to make a profit.
So it's just better as what others might have advise, just be a long term holder.
A few years ago I mined altcoins, and there were always mining services
It was cloud mining, mining hosting, shared mining, machine rental, etc
And one of the things I learned is that practically none of the above is profitable for the customer
In any option it was better to buy the coin and hold it
I can't say 100% for sure that all companies are still like that, but they make rules that don't let you make a profit
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Well, I think both method of acquiring bitcoin can be profitable or not really profitable in the long run, all depends on the price movement and the network state of the bitcoin blockchain.
No one can predict that future, but if we are to judge based on previous stats, I would say that those who mined bitcoin in its early days, and also those who bought the same in its early days as well are all both in big profit now looking at how big bitcoin has become today..
Mayne this also will continue to be the same even going into the future, because if we are too look at this critically, buying 1 bitcoin for example now cost alot of money, also, getting a mining machine that is capable of mining 1 whole bitcoin in (let's say) one month, also will cost a lot of money as well..
So, in the end, I think both will continue to be profitable to the rich who already have alot of money to invest either in buying bitcoin or buying and setting up sophisticated mining machines.
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Mining is really not profitable now, with the difficulty at its peak, and a single miner could not and has a very low chance of mining a block. I would better approach my investment as just Bitcoin. Unless you have significant capital, you could invest in a big mining rig and a place to house it.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Bitcoin mining is almost finished due to which mining speed is very low now. And because of this the amount of electricity you need to spend to mine Bitcoin and the powerful CPU you need to run it will cost a lot. To build a mining farm you need to invest a lot of money there. But I think it will not be very profitable to create a new mining form now. So I think it is best to invest directly in Bitcoin as per your ability. There is no doubt that if you invest directly in Bitcoins and hold them for long term, you will get very good profits. From the early history of Bitcoin to the present there is no history of anyone losing money by holding Bitcoin long-term.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Everyone can invest, but not everyone can mine. Mining Bitcoin has a lot of factors to consider, like the cost of the electricity, machine or equipment cost, and technical information on how to run a Bitcoin miner.
If you're an investor, you only need to study the market and investor sentiment, which is much easier than mining.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Everyone can invest, but not everyone can mine. Mining Bitcoin has a lot of factors to consider, like the cost of the electricity, machine or equipment cost, and technical information on how to run a Bitcoin miner.
If you're an investor, you only need to study the market and investor sentiment, which is much easier than mining.
Actually, your comment is very prefer for this time. So I am also agree with your best comment. I think that mining will be very expensive for us, because when we want to start mining we also need extra expenses. But if we want to invest in bitcoin it will be very prefer for us. But when we start to invest, we should trying to understand in cryptocurrency market. Because without knowledge in cryptocurrency market we could not get best profit from cryptocurrency market. So I think that hold in bitcoin will be very prefer for us.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
It's no longer advisable to be a solo miner, even in the last 4 years, cost of electricity and then the hardware, so can't just simply mine at your own home. And if ever you do, you will want to compete with bigger mining companies that obviously has the superpower advantage against you. So between the two methods, it's better to just be a holder, accumulate as much as you can, do DCA and you will be fine in the long run as you will not complicate things on your end and will just have to wait till the top of the bull run to make profits.
I appreciate your ideas but what if i put in hosting services and i just need to monitor my daily profit? it is a less hassle to acquire hosting services than home mining.
Joining the pools is the viable option to mine in 2025, or you can just keep spending the resource and expect to win a lottery (finding the block), it happens once in a while but the odds are too high as someone winning a lottery.
If I have 10K or 20K then the best option is just buy instead of investing on the hardware but you can consider if you have much bigger capital that what I mentioned.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
If at this time or time I think it is no longer timely or practical to do solo mining of bitcoin, that's just my opinion. It seems more convenient to just buy bitcoin
and then do a short or long-term for your holdings.
Especially if you have knowledge in trading and you know how to do technical or fundamental analysis, this will immediately be an advantage for you to get a profit even if let's say you only get a small sum every day but at least there will be daily earnings coming in to you for sure.
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And if ever you do, you will want to compete with bigger mining companies that obviously has the superpower advantage against you.
This is one of the usually rolled-out myths.
Companies have advantages in negotiating deals, but if you get cheap electricity in some 9th world country ;D and mine from home unlike that company, you don't need to pay rent, you don't need to pay technicians, you don't need to pay administrative taxes, an accountant, security, hr, and finally you can even avoid taxes.
So, it always depends, you plan on mining with 1 gear and you can let it run like you don't care in one corner you have the advantage, you plan to run 100 miners as a small LLC then yes, you voided everything !
On hobby scale, home miners win, once you strat scaling up and need an extra employee it's usually the large company that has advantages
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I am not a miner so I can't say if mining is also beneficial in the long run but I don't have the basic knowledge that says mining BTC in the long run if the expenses of mining one or some, is way cheaper, is the best method to make more money, as in the long run you don't really know the highest it can go but from what you have mined (expenses) the future value must be more than 2x or 3x.
Therefore you can mine it, but if you plan to hold it by buying it, then that's also profitable but I think that would not be profitable than mining, and speaking of losses, the scenario is opposite, as I think in mining the losses can be huge and in buying and selling the losses cannot be that much.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Not involved myself with mining before but I will advise to make investment through DCA and this approach could help you gain lot of bitcoin your possession than basically relying on the mining to gain bitcoin, this could be slower but a kind of long term something, but then you must also consider also cost efficient of electricity and other stuffs.
Yes we know Mining process is very costly. So it is not possible for everyone. Now investment is better to us. But to invest we have to follow some things. Mainly we have to follow investment policy, how we will invest.
I think to invest we need to follow DCA method. I believe DCA method is best method to invest on cryptocurrency. DCA means Dollar Cost Average, to DCA we need invest in every dump. I think if we follow DCA method then within short time our investment will come back and we will Able get profit within short time.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Here we need to understand the context. This investment strategy of holding bitcoin mining was effective in the early age of bitcoin, which I don't think will be effective in any way now. And if someone starts a new bitcoin mining today, then the chances of him surviving are very low.
And for this, I would say that in the current context, if someone has available funds, then it is definitely better to invest in bitcoin and hold it than to do bitcoin mining.
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Nah man! I'm just gonna go with holding, apply DCA method it if I afford it.
I don't have the energy, time for solo mining. Also don't forget all the steps one must take in order to establish a decent mining environment before they can actually start mining. One must account for hardwares like miners, GPU, and the electricity cost to run these things. But if you are willing to take the hassle, you may give it a try. Personally speaking, I don't recommend that.
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Nah man! I'm just gonna go with holding, apply DCA method it if I afford it.
I don't have the energy, time for solo mining. Also don't forget all the steps one must take in order to establish a decent mining environment before they can actually start mining. One must account for hardwares like miners, GPU, and the electricity cost to run these things. But if you are willing to take the hassle, you may give it a try. Personally speaking, I don't recommend that.
I don’t know much about mining because I have never been involved in it personally and some of the things I’ll say are most likely want I read about mining without an actual experience - so things like electric cost, mining hardware and the rest are things that we usually consider but after reading “reply #20” I’m starting to think that some of this costs can be cut down and you won’t even have to spend the whole expense that some might have called out for you.
Electric bills are not the same everywhere - there are people or places that are able to get it at a very cheap rate compared to others and also for the machines you don’t need a state of the art system to start; you can start small and with time save up for an upgrade. You might even be lucky to find someone who’s willing to sell at a very cheap rate to you, all these things can also help lessen the cost of setting one for yourself.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
To start with op, Solo mining isn't much of a gold mine like most people paint it to be. Aside from the cost of mining wares and even maintenance you are faced with other possible drawbacks like electricity cost and we all know that electricity is the heart of mining.
Hodling is easier basically if you're able to understand your privacy and security properly and be able to store your coins safely. I think solo miners are mostly optimistic about the whole thing mainly because of the possible chance of getting the block reward.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
To start with op, Solo mining isn't much of a gold mine like most people paint it to be. Aside from the cost of mining wares and even maintenance you are faced with other possible drawbacks like electricity cost and we all know that electricity is the heart of mining.
Hodling is easier basically if you're able to understand your privacy and security properly and be able to store your coins safely. I think solo miners are mostly optimistic about the whole thing mainly because of the possible chance of getting the block reward.
The idea of mining them or owning some of them is something that cannot be done haphazardly. These expectations differ from one person to another since everybody will have his or her reasons for getting to decide on the best course of action to take. Mining consumes a large amount of energy both in terms of hardware components and continuous running electrical power costs. However, there are also those who wish to acquire assets with a view to realise a profit in the future. From this perspective, I can also understand that there are people who still believe in solo mining although they know that it is very risky business. This also applies to the same as those who prefer to invest with a lot of care and attention. Well, there is virtually nothing to compare between the two because it all boils down to how one does it. Therefore, it can be concluding that Regardless of the drawbacks, both mining and holding of assets are valuable as well as involving activities.
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This is true, apart from the fact that mining is capital intensive, I also know that it requires some kind of skill and computational power. Also, its profitability has reduced overtime. During the early stage of the industry, mining was so profitable and that was how early developers accumulated a lot of bitcoin for themselves. Also, in the other hand, In the early days, small amount of money could buy you a lot of bitcoin. This means the argument of whether mining or hodling is more profitable will continue to be in existence.
I agree with you that a miner could also be an investor but not all investors can mine.
The days where everybody could are gone.
(Unfortunately).
For now, BTC may be used as the ultimate store of value, and that may change in the future.
Bitcoin was designed as a digital currency by Satoshi, it has now developed into an investment asset. We are also expecting it to develop into an ultimate store of value. After being an autimate store of value, it cannot develop to any other thing again.
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Nah man! I'm just gonna go with holding, apply DCA method it if I afford it.
I don't have the energy, time for solo mining. Also don't forget all the steps one must take in order to establish a decent mining environment before they can actually start mining. One must account for hardwares like miners, GPU, and the electricity cost to run these things. But if you are willing to take the hassle, you may give it a try. Personally speaking, I don't recommend that.
I don’t know much about mining because I have never been involved in it personally and some of the things I’ll say are most likely want I read about mining without an actual experience - so things like electric cost, mining hardware and the rest are things that we usually consider but after reading “reply #20” I’m starting to think that some of this costs can be cut down and you won’t even have to spend the whole expense that some might have called out for you.
Electric bills are not the same everywhere - there are people or places that are able to get it at a very cheap rate compared to others and also for the machines you don’t need a state of the art system to start; you can start small and with time save up for an upgrade. You might even be lucky to find someone who’s willing to sell at a very cheap rate to you, all these things can also help lessen the cost of setting one for yourself.
Since you mentioned my reply, this I what people don't GET about mining, it's math and economics.
I have dirt cheap electricity, now I rush to see the bets miner on the marketplace...WRONG!
You have 1 cent per kwh in your home you don't rush to buy a S21 that will make you $24 a day and ROI in two years.
You grab an used M31s+ that you pay at most $100 for it , and that will make you $2 a day and ROI in 50 days.
Of course at 5 cents per kwh that thing is losing money but with dirt cheap energy you will recover cot faster than any brand new gear.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I think mining Bitcoin needs huge capital to start while buying Bitcoin isn't since we can just buy how much we want so maybe I just buy rather than mine Bitcoin because on the other hand I do not have a computer to run a mining software and I can't afford to buy one for now.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I think mining Bitcoin needs huge capital to start while buying Bitcoin isn't since we can just buy how much we want so maybe I just buy rather than mine Bitcoin because on the other hand I do not have a computer to run a mining software and I can't afford to buy one for now.
Mining requires a huge amount of capital and if only individual miners like us want to try, then it is not worth the cost that will be required for the mining process, especially the electricity cost which will be very large and the cost of VGA hardware which of course will be the support of miners to get Bitcoin, not to mention the maintenance costs and so on.
buying Bitcoin with the money we have with a predetermined amount and then holding it will be easier, just need to determine where you will take the profit. Target the highest price you want to achieve and that will be the main goal why you hold.
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- It is still better to just hold or save bitcoin than to mine bitcoin, then not all communities in this field are capable of buying mining rigs. Even those bitcoin enthusiasts who have the capability to buy mining rigs, some stop because they prefer to buy rather than mine it.
This is also what I see most of us doing here, because it is easy and there is no pressure on us to accumulate bitcoin in this era.
especially since we are still in a bull run.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I think mining Bitcoin needs huge capital to start while buying Bitcoin isn't since we can just buy how much we want so maybe I just buy rather than mine Bitcoin because on the other hand I do not have a computer to run a mining software and I can't afford to buy one for now.
Mining requires a huge amount of capital and if only individual miners like us want to try, then it is not worth the cost that will be required for the mining process, especially the electricity cost which will be very large and the cost of VGA hardware which of course will be the support of miners to get Bitcoin, not to mention the maintenance costs and so on.
buying Bitcoin with the money we have with a predetermined amount and then holding it will be easier, just need to determine where you will take the profit. Target the highest price you want to achieve and that will be the main goal why you hold.
In mining Bitcoin requires capital to buy a fairly expensive equipment, but this is still interesting because there are still many Bitcoin miners, even though the costs incurred are quite large.
I am only a small investor, so I prefer to buy and establish bitcoin from PAD to do mining because the capital needed is quite a big.
In the world of crypto many things can be done, as miners, traders or investors we can still get the advantage of all that
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I'm someone who loves mining and have worked in it before. However, mining is currently expensive and requires a large capital investment, in addition to the cost of electricity and maintenance. Therefore, if you have a large capital, it's a good idea to mine now and hold Bitcoins in the long term to reap greater returns.
Therefore, for those who can afford the costs of mining, combining the two methods would be great. For those who can't afford the costs of mining, investing is better.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
The method you mention are usually a good way of earning rewards or profits from bitcoin but to me I would prefer using investment, just to buy and hold than mining. In mining there are things we should be considering at especially electricity it consumed while mining, if you look at it hoding is more giving someone that relaxation without being too much panicking unlike the mining.
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In mining Bitcoin requires capital to buy a fairly expensive equipment, but this is still interesting because there are still many Bitcoin miners, even though the costs incurred are quite large.
I am only a small investor, so I prefer to buy and establish bitcoin from PAD to do mining because the capital needed is quite a big.
In the world of crypto many things can be done, as miners, traders or investors we can still get the advantage of all that
I believe lots of people still think mining is the most lucrative way of getting Bitcoins, but, when considering the price of BTC, one is better off investing. High costs on equipment, intense competition and fluctuations in policies relating to regulations also make mining not to be the most rewarding in the modern world when it comes to business risks without additional incentives. However, even today such currencies are changing at a great rate and those who decided to purchase coins can get even better results not to mention that they do not have to carry out mining processes. The question of whether change might be a bigger opportunity when a guy hasn’t even changed from the old model might make a typically invested person lose the concept of what is occurring in the market.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
The method you mention are usually a good way of earning rewards or profits from bitcoin but to me I would prefer using investment, just to buy and hold than mining. In mining there are things we should be considering at especially electricity it consumed while mining, if you look at it hoding is more giving someone that relaxation without being too much panicking unlike the mining.
Investing is just easier for an ordinary user with knowledge, here, I can totally agree - mining may bring bigger results, but only with some deals here and there.
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- It is still better to just hold or save bitcoin than to mine bitcoin, then not all communities in this field are capable of buying mining rigs. Even those bitcoin enthusiasts who have the capability to buy mining rigs, some stop because they prefer to buy rather than mine it.
This is also what I see most of us doing here, because it is easy and there is no pressure on us to accumulate bitcoin in this era.
especially since we are still in a bull run.
In mining at the beginning of bitcoin's launch, it was indeed very worthwhile, but I saw many leaving mining because of the high costs. They prefer to buy, as you said, I agree with you. buying is more convenient and we are not under pressure to pay electricity bills every month. However, there are still many who still persist in mining because they feel it is still profitable.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
The method you mention are usually a good way of earning rewards or profits from bitcoin but to me I would prefer using investment, just to buy and hold than mining. In mining there are things we should be considering at especially electricity it consumed while mining, if you look at it hoding is more giving someone that relaxation without being too much panicking unlike the mining.
Investing is just easier for an ordinary user with knowledge, here, I can totally agree - mining may bring bigger results, but only with some deals here and there.
The thing is that whether you have knowledge or not one can still venture into bitcoin investment provided they had their information and personal key/seedphrase stored it would give that invest a long lasting one if they investor doesn't stay in single day and pool off their investment. Mining may be good for people who are stable power supply and not like our country Africans.
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In mining at the beginning of bitcoin's launch, it was indeed very worthwhile, but I saw many leaving mining because of the high costs. They prefer to buy, as you said, I agree with you. buying is more convenient and we are not under pressure to pay electricity bills every month. However, there are still many who still persist in mining because they feel it is still profitable.
It's worth noting that the media periodically report that a solo miner has mined a block. And this should definitely be profitable for such lucky miners, given the size of the reward.
It's clear that the chance that a solo miner will be able to mine a block is extremely small, but I think it makes sense, especially if such a miner uses a cheap or free source of electricity (e.g., solar panels).
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- It is still better to just hold or save bitcoin than to mine bitcoin, then not all communities in this field are capable of buying mining rigs. Even those bitcoin enthusiasts who have the capability to buy mining rigs, some stop because they prefer to buy rather than mine it.
This is also what I see most of us doing here, because it is easy and there is no pressure on us to accumulate bitcoin in this era.
especially since we are still in a bull run.
In mining at the beginning of bitcoin's launch, it was indeed very worthwhile, but I saw many leaving mining because of the high costs. They prefer to buy, as you said, I agree with you. buying is more convenient and we are not under pressure to pay electricity bills every month. However, there are still many who still persist in mining because they feel it is still profitable.
Those who mines doesn't do it because they feel is more profitable. They do it probably because they already got the rigs and they must continue to mine to be making profits. Majority of them are passionate about mining, so they continue to mine even if the profit is not worth it. If everyone goes with buying and hodling which we say is less expensive and doesn't require pressure, who will mine for all of us?
In conclusion, mining is not what an average Jonny in crypto will do as it is expensive. So, let's give miners their flowers and stop the comparison.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I must say that among this opinions, mining, buy/hold, I think that trading options is more profitable, and between mining and holding Bitcoin, i also think that buy/Hold is better in my opinion.
As a matter of facts, mining is highly capital intensive plus high level of computational power algorithm required to mine a block. Though mining actually is time consuming and huge capital imputes, but it may be profitable at the long run especially if the price increases to a very high levels.
Holding is great, but requires patience, no emotions, and good strategic plans.
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- It is still better to just hold or save bitcoin than to mine bitcoin, then not all communities in this field are capable of buying mining rigs. Even those bitcoin enthusiasts who have the capability to buy mining rigs, some stop because they prefer to buy rather than mine it.
This is also what I see most of us doing here, because it is easy and there is no pressure on us to accumulate bitcoin in this era.
especially since we are still in a bull run.
In mining at the beginning of bitcoin's launch, it was indeed very worthwhile, but I saw many leaving mining because of the high costs. They prefer to buy, as you said, I agree with you. buying is more convenient and we are not under pressure to pay electricity bills every month. However, there are still many who still persist in mining because they feel it is still profitable.
Those who mines doesn't do it because they feel is more profitable. They do it probably because they already got the rigs and they must continue to mine to be making profits. Majority of them are passionate about mining, so they continue to mine even if the profit is not worth it. If everyone goes with buying and hodling which we say is less expensive and doesn't require pressure, who will mine for all of us?
In conclusion, mining is not what an average Jonny in crypto will do as it is expensive. So, let's give miners their flowers and stop the comparison.
Actually, you have a point, dude, for those who have mining rigs and have been using them for several years, if I were also on their side, if it still gives a profit even if it is not that big, I would still continue mining.
But for those who do not have mining rigs or are planning to buy one, maybe in this situation, it would be right for others to buy or invest in bitcoin
because it is a slightly better decision and method, that is just in my opinion.
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I am only a small investor, so I prefer to buy and establish bitcoin from PAD to do mining because the capital needed is quite a big.
In the world of crypto many things can be done, as miners, traders or investors we can still get the advantage of all that
You just need to maximize how to manage it, so that it can generate more profits.
Mining, trading or more complex things in crypto can provide quite good profits if done correctly.
Many miners eventually quit because it wasn't worth the cost involved, but those on a large scale were still able to survive.
Now buying and then trading or even holding for the long term can yield more profits provided you know how to do it.
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This is not even about mining or holding. It’s about why you’re even here. If you don’t know why you’re in Bitcoin, the question is already answered: NEITHER. Most individuals mine because they believe working harder results in more; most people hold because they believe waiting longer results in greater success. Both are naive if you ignore the meta-game
Unlike the "decentralized" ideal folks offer you, mining is becoming ever centralized. Have you access to low-cost energy? Top-tier ASICs? Political protection against regulation? If not, you are running against individuals that do. Holding, meantime, is only another taste of market exposure. Still under the control of institutional whales, algorithmic trading, global macro cycles, and the emotional instability of other holders
Both methods can work if you internalize that Bitcoin isn’t about making you rich, it’s about making you free. Or not. Perhaps your presence here is purely financial, like most others. Then, certainly, hold if you wish not to die from electricity costs. If you have infrastructure most others lack, mine. But if you think you’ll find certainty in a system built on uncertainty, you’ve already lost the plot
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Mining is one way to earn Bitcoin. And holding is one way to earn money and invest in Bitcoin. So even if you want to mine and then hold the Bitcoins, it will be fine and not a problem, right?
but for me personally, it is more into holding, not doing any mining so far. so yes, I am more focused on directly buying Bitcoin and then holding the coins.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
If they are a corporation, that make sense that they can invest through mining. But as you've said, I am one of those people that are buying and holding. That is the best option for me and it's less hassle and I don't have to deal with repairs and maintenance of the rigs. It is more profitable to just hold and wait until the next skyrocket an all time high, I've proven this already to myself and that's why this is the option that I've been doing even until now. If you are capable of mining and your electricity bill is cheap, you're free to opt for that too.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Working with what you can have access and control over is the best choice to make especially when it come to bitcoin. I prefer holding to mining for now, though I have thoughts and dream of mining bitcoin but considering the cost of setting up a mining farm, and paying of electricity when the probability of winning is based on luck and factors like the type of mining machines you make use of. Bitcoin holding can be practiced by anyone but mining with the aim of guessing at least 5 blocks a week requires lots of mining power.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
If we have the tools to mine Bitcoin we can do that, but if we don't have it we just invest. The price of mining tools is also expensive and the electricity consumption is also large, while the mining results for now are certainly much different from before. In my opinion, for now buying Bitcoin and investing in the long term is more worth it for now.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Working with what you can have access and control over is the best choice to make especially when it come to bitcoin. I prefer holding to mining for now, though I have thoughts and dream of mining bitcoin but considering the cost of setting up a mining farm, and paying of electricity when the probability of winning is based on luck and factors like the type of mining machines you make use of. Bitcoin holding can be practiced by anyone but mining with the aim of guessing at least 5 blocks a week requires lots of mining power.
Living in a country whereby there is no electricity won't be easy for one to mine Bitcoin. However spending a lot of money to build a bitcoin mining farm won't be a waste of money as everybody gets make multiple of transactions with Bitcoin everyday. Actually paying for the electricity won't/might not be the problem, but the provision of the electricity will be difficult because some days you get and someday you might not have, and for you to mine Bitcoin you need a 24 hrs steady electricity.
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Working with what you can have access and control over is the best choice to make especially when it come to bitcoin. I prefer holding to mining for now, though I have thoughts and dream of mining bitcoin but considering the cost of setting up a mining farm, and paying of electricity when the probability of winning is based on luck and factors like the type of mining machines you make use of. Bitcoin holding can be practiced by anyone but mining with the aim of guessing at least 5 blocks a week requires lots of mining power.
Living in a country whereby there is no electricity won't be easy for one to mine Bitcoin. However spending a lot of money to build a bitcoin mining farm won't be a waste of money as everybody gets make multiple of transactions with Bitcoin everyday. Actually paying for the electricity won't/might not be the problem, but the provision of the electricity will be difficult because some days you get and someday you might not have, and for you to mine Bitcoin you need a 24 hrs steady electricity.
Thoigh it's possible to use a micro mining machine in form of a USB which doesn't consume lots of electrical energy but, that's for solo small scale mining which may not generate anything for more than a month except the miner gets lucky. The importance of electricity in mining cannot be overemphasized, the higher your computing power the higher your electricity consumption rate. Though it's possible to use smaller hash rate mining machines like an antminer 86 Th/s but how often can such miner get to mine a single block when he's in a public mining market with other mining farms which make use of giga and mega hashrate mining machines.
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If we have the tools to mine Bitcoin we can do that, but if we don't have it we just invest. The price of mining tools is also expensive and the electricity consumption is also large, while the mining results for now are certainly much different from before. In my opinion, for now buying Bitcoin and investing in the long term is more worth it for now.
Of course, looking at the mining difficulty, individual/solo mining is useless because you will be paying more money in electricity bills than you will be getting from mining rewards since you will barely get to mine enough blocks to get profit on top of the maintenance cost, that's the reason why you will barely find people having interest in mining bitcoin individually and it's mostly firms and big corporations that do the mining these days.
For an individual, buying and holding is the best solution because that has no cost other than you paying for the bitcoin you are buying and that's it. One can even do DCA which wouldn't require them to have a big capital at once and one can even start with as low as $10 for example, and then keep on adding to it over time.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I believe the best method for most people is to buy and hold Bitcoin instead of investing heavily on mining hardware. Although, mining can be a good option too but for that someone has to spend at least $5000 or more to even start mining with some profit, however when it comes to buying and holding then one can easily buy even $100 worth of Bitcoin.
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Of course, looking at the mining difficulty, individual/solo mining is useless because you will be paying more money in electricity bills than you will be getting from mining rewards since you will barely get to mine enough blocks to get profit on top of the maintenance cost, that's the reason why you will barely find people having interest in mining bitcoin individually and it's mostly firms and big corporations that do the mining these days.
For an individual, buying and holding is the best solution because that has no cost other than you paying for the bitcoin you are buying and that's it. One can even do DCA which wouldn't require them to have a big capital at once and one can even start with as low as $10 for example, and then keep on adding to it over time.
If in the past mining Bitcoin might get a big reward, but now it is clearly different. In cryptocurrency we should not only focus on Bitcoin, we can also mine other coins or also invest in other Altcoins. Which may be by doing that our potential to get profit will be greater.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I believe the best method for most people is to buy and hold Bitcoin instead of investing heavily on mining hardware. Although, mining can be a good option too but for that someone has to spend at least $5000 or more to even start mining with some profit, however when it comes to buying and holding then one can easily buy even $100 worth of Bitcoin.
One is easier to start and sustain, the other - not so much, but if a person has the funds and the desire to progress in mining - nothing would stop him.
Hodling, on the other hand, is for everyone.
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I can't mining Bitcoin.
Hodl Bitcoin I don't have Bitcoin.
It seems that for this topic I will run out of will and can only think positive if I will someday get 1 Bitcoin for free.
Those who mining Bitcoin I am sure will definitely be a true hodler and sell his Bitcoin when their target price has been achieved.
In contrast to me personally, to get Bitcoin must have the expertise and registration at the signature, events, contests or competitions with the theme Bitcoin so that they can become Hodler.
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I can't mining Bitcoin.
Hodl Bitcoin I don't have Bitcoin.
It seems that for this topic I will run out of will and can only think positive if I will someday get 1 Bitcoin for free.
Those who mining Bitcoin I am sure will definitely be a true hodler and sell his Bitcoin when their target price has been achieved.
In contrast to me personally, to get Bitcoin must have the expertise and registration at the signature, events, contests or competitions with the theme Bitcoin so that they can become Hodler.
You can slowly accumulate BTC if you have a stable income.
And eventually, you will get there (toward 1 BTC, that is).
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I can't mining Bitcoin.
Hodl Bitcoin I don't have Bitcoin.
It seems that for this topic I will run out of will and can only think positive if I will someday get 1 Bitcoin for free.
Those who mining Bitcoin I am sure will definitely be a true hodler and sell his Bitcoin when their target price has been achieved.
In contrast to me personally, to get Bitcoin must have the expertise and registration at the signature, events, contests or competitions with the theme Bitcoin so that they can become Hodler.
I understand this as all that is left to do is wait for the opportunity to get Bitcoin or relying on chance. But that is the truth of the matter, many great things in the field of cryptocurrencies originate from small consistent actions. Not mining? That's okay. Many of them begin by writing articles, creating everyday illuminating and educational illustrations, or taking part in discussions, popular discussions and forums, airdrops, or campaigns that are accessible. All of these are acceptable by the community and at times the following can be an opportunity more than a prize. If the same skills are further refined they can be assets when in the world that is heavily focusing on real contributions. This then means that it is not about having them now but whether or not you are developing something that will grow.
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In contrast to me personally, to get Bitcoin must have the expertise and registration at the signature, events, contests or competitions with the theme Bitcoin so that they can become Hodler.
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If the same skills are further refined they can be assets when in the world that is heavily focusing on real contributions. This then means that it is not about having them now but whether or not you are developing something that will grow.
It's true what you said besides I'm not an expert in Bitcoin mining but I also have a little expertise in Mosaics.
I entered this Mosaic for a contest in every event such as Mixero, Coinomize, or Roobet. If my Mosaic art wins then I get a Bitcoin prize.
For my Mosaic reference, please check this link --> Portofolio Karya Seni Saya Pribadi dalam Berbagai Event (https://www.altcoinstalks.com/index.php?topic=328894)
Sorry in advance, I archived my portfolio in Indonesian and you can also translate it into English for the word translations.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.
Or consider an option in which the cost of electricity will be minimal or free. Naturally, this is extremely problematic and difficult to implement in our world.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.
Or consider an option in which the cost of electricity will be minimal or free. Naturally, this is extremely problematic and difficult to implement in our world.
Not many are able to get enough solar / wind power to get the minimal prices for the electricity.
Deals are made for some, but only if you make connections or give a cut for doing the mining.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.
Or consider an option in which the cost of electricity will be minimal or free. Naturally, this is extremely problematic and difficult to implement in our world.
Of course, to get Bitcoins with minimal effort and without having to go through the process of mining it is much more effective to buy it. Mining your self also may take a lot of capital to establish and then constant monitoring and maintaining technicalities in the tools used. However, some people prefer serving in the process directly in question even if it has its cost implications. In conclusion, like anything else in life, mining as well as investing have their positives and negatives that cannot just have little regard for the circumstances of the person who is involved in it.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.
Or consider an option in which the cost of electricity will be minimal or free. Naturally, this is extremely problematic and difficult to implement in our world.
Of course, to get Bitcoins with minimal effort and without having to go through the process of mining it is much more effective to buy it. Mining your self also may take a lot of capital to establish and then constant monitoring and maintaining technicalities in the tools used. However, some people prefer serving in the process directly in question even if it has its cost implications. In conclusion, like anything else in life, mining as well as investing have their positives and negatives that cannot just have little regard for the circumstances of the person who is involved in it.
In the current situation, Bitcoin mining requires powerful computer equipment such as CPU, processor and electricity, and it will take a long time to recover the money spent by mining. Bitcoin mining is almost over, so now mining is very slow, so you can't make much profit by mining. So now the best way is to buy Bitcoin immediately if the price drops and plan to hold it for a long time. Because after a few years, the price of Bitcoin may exceed a million dollars. Then buying Bitcoin will also be our dream.
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In the current situation, Bitcoin mining requires powerful computer equipment such as CPU, processor and electricity, and it will take a long time to recover the money spent by mining. Bitcoin mining is almost over, so now mining is very slow, so you can't make much profit by mining. So now the best way is to buy Bitcoin immediately if the price drops and plan to hold it for a long time. Because after a few years, the price of Bitcoin may exceed a million dollars. Then buying Bitcoin will also be our dream.
Lots of people are now leaving mining due to the fact that it is not so simple as it was before and I believe that it is quite reasonable. Yet, swapping to the buy and hold strategy is not guaranteed to be safe also. If you think the price will increase then you also must wonder why the price is increasing. Which of them will buy at a higher price? What’s driving demand? When a person depend on beliefs without considering some underlying issues that enable such beliefs, one mostly ends up with baseless expectations. I am not suggesting that you need to know technically all aspects of this world, but sit there idle and wait for it is not an option. When you make a decision based on something that you can cling on to then you can be certain that your decision is far better than walking in a pleasant reverie.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I think mining Bitcoin needs huge capital to start while buying Bitcoin isn't since we can just buy how much we want so maybe I just buy rather than mine Bitcoin because on the other hand I do not have a computer to run a mining software and I can't afford to buy one for now.
Yes I agree with you, I want to talk about investment first you can invest according to your ability and needs and keep it for the long term. You can wait until the bullish season by investing in Bitcoin, and you can save a lot of profit from there. Bitcoin mining is now immediately expensive. There is mining and electricity costs. Now people's attention to mining is very low.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I'm not mining Bitcoin so I'll be a bit bias on my answer, and I will choose the buy and hold method.
I don't know how profitable Bitcoin mining is, but there are some factors that you need to take note when you're thinking of doing it like the electricity fees, the capital that you need to buy those rigs, etc.
If you don't want to get stressed thinking of maintaining those mining rigs, and you don't want a noisy environment, just buy and hold, but if you have the capital, and you want to do it then you can try. Just look at how much the electricity in your country first though so you can look at how profitable you can be.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I'm not mining Bitcoin so I'll be a bit bias on my answer, and I will choose the buy and hold method.
I don't know how profitable Bitcoin mining is, but there are some factors that you need to take note when you're thinking of doing it like the electricity fees, the capital that you need to buy those rigs, etc.
If you don't want to get stressed thinking of maintaining those mining rigs, and you don't want a noisy environment, just buy and hold, but if you have the capital, and you want to do it then you can try. Just look at how much the electricity in your country first though so you can look at how profitable you can be.
mining bitcoin capital is quite large, so if we only have a small capital and want to invest in bitcoin, we should buy bitcoin on the exchange.
because buying rigs to mine bitcoin requires large capital, besides the electricity costs are also large. I prefer to buy and hold bitcoin rather than mining.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
I'm not mining Bitcoin so I'll be a bit bias on my answer, and I will choose the buy and hold method.
I don't know how profitable Bitcoin mining is, but there are some factors that you need to take note when you're thinking of doing it like the electricity fees, the capital that you need to buy those rigs, etc.
If you don't want to get stressed thinking of maintaining those mining rigs, and you don't want a noisy environment, just buy and hold, but if you have the capital, and you want to do it then you can try. Just look at how much the electricity in your country first though so you can look at how profitable you can be.
I think it's obvious that our answer will be that we will be just HOLDing Bitcoin. It's not that we can just mine it with CPU or GPU, everything has chance now. Maybe in the early years it's possible in the first couple of years of Bitcoin's existence.
But now it's totally different, lots of factors to consider, and millions of investments are needed to be in this business. That's why for ordinary and average joe Mining is no longer feasible.
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What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.
Yeah this is actually true. Come to think of it most developed countries have a relatively high electricity cost especially in places like the US compared to less developed places. Even considering the cost of mining wares and their maintenance it's better to just buy some bitcoins and hold with that money.
Some would suggest joining a pool instead of solo mining but the truth is the percentage is so small considering how much hashrate you contribute to the pool.
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Actually, I think that holding is more necessary than mining at present. Because mining requires a lot of electricity and technology. On the other hand, there is no additional cost to hold. But if you already have a mining setup, then you can do mining. But I would not suggest doing new mining. Because mining is a lot like a business. Here you can make a profit and you can also lose. Holding is for the long term, you will must get a profit someday.
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Actually, I think that holding is more necessary than mining at present. Because mining requires a lot of electricity and technology. On the other hand, there is no additional cost to hold. But if you already have a mining setup, then you can do mining. But I would not suggest doing new mining. Because mining is a lot like a business. Here you can make a profit and you can also lose. Holding is for the long term, you will must get a profit someday.
Actually, whether to do mining or holding is a decision of everyone who will do it, and it is certain that they do it according to their intelligence and what has been done so far and both are equally good. The most important thing is that they can produce according to what is expected.
But I strongly agree that if you are new to mining, it is clearly not recommended because I think the time is a bit too late to do it, but once again all decisions are up to the individual.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Not everyone can mine Bitcoin and not everyone mines Bitcoin. Not everyone can mine because there many factors that restricting people to mine Bitcoin and the number is the geographical location of the miner and the cost of the mining machines and electricity. Many people are interested to mine Bitcoin but those factors have restricted many from me mining Bitcoin while not everyone mines bitcoin in the sense that not everyone is technically incline to mine Bitcoin.
There are lot of things to do in bitcoin mining but invest of buying and hodling is simple either no knowledge is needed through another you can invest or basic knowledge is needed to invest in Bitcoin.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
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There are lot of things to do in bitcoin mining but invest of buying and hodling is simple either no knowledge is needed through another you can invest or basic knowledge is needed to invest in Bitcoin.
Mate, At least basic knowledge is needed before anyone jumps into the crypto space. Now, why do I think that knowledge plays a very important role in being a newbie in the crypto space? So, a person who is a newbie in this space has invested all their savings, for example, after that they received a phishing link that they have no idea about. Once they click it, having no knowledge about it, their wallets will be washed after clicking that knowledge. This is my point of view, mate.
Other than that, why cannot everyone mine bitcoin because of the unavailability of electricity all the time, and it costs too much to be a miner and needs a good investment before starting mining bitcoin. That is why those who can not afford it tend to move just accumulating their bitcoin portfolio in the dips, and in the long term they generate a good amount of profits.
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Actually, I think that holding is more necessary than mining at present. Because mining requires a lot of electricity and technology. On the other hand, there is no additional cost to hold. But if you already have a mining setup, then you can do mining. But I would not suggest doing new mining. Because mining is a lot like a business. Here you can make a profit and you can also lose. Holding is for the long term, you will must get a profit someday.
Actually, whether to do mining or holding is a decision of everyone who will do it, and it is certain that they do it according to their intelligence and what has been done so far and both are equally good. The most important thing is that they can produce according to what is expected.
But I strongly agree that if you are new to mining, it is clearly not recommended because I think the time is a bit too late to do it, but once again all decisions are up to the individual.
I agree with you, to do mining seems too late, it's better to just invest. either as a holder or as a trader. because there are many considerations that we must think about before deciding to become a miner or investor. if I personally prefer to be a trader and holder because I don't need to think about paying high costs for electricity bills for mining.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Not everyone can mine Bitcoin and not everyone mines Bitcoin. Not everyone can mine because there many factors that restricting people to mine Bitcoin and the number is the geographical location of the miner and the cost of the mining machines and electricity. Many people are interested to mine Bitcoin but those factors have restricted many from me mining Bitcoin while not everyone mines bitcoin in the sense that not everyone is technically incline to mine Bitcoin.
There are lot of things to do in bitcoin mining but invest of buying and hodling is simple either no knowledge is needed through another you can invest or basic knowledge is needed to invest in Bitcoin.
Yes, to participate in Bitcoin mining is not an option for all persons as the technical or physical requisites include the purchase of effective mining hardware and high power usage. Holding Bitcoins means making the decision which is more available to everybody to make in the meanwhile compared to buying them. That is why it does not take a lot of skills and thorough knowledge to invest in the asset and thus the potential of getting huge profits. It will enable one to participate in the world of crypto and be able to engage in the flow of it without necessarily dealing with some of the float that is there.
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If you are capable and the climate or atmosphere is cold where you live then you are still long-term, it is good to just mine and at least wait. Or it is also possible that even if you do not mine, just buy bitcoin and hold it long-term.
Now, usually what investors do is they hold their bitcoin in long-term and only sell it at the right time of selling and how many years they will hold
it before selling it on the market.
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If you are capable and the climate or atmosphere is cold where you live then you are still long-term, it is good to just mine and at least wait. Or it is also possible that even if you do not mine, just buy bitcoin and hold it long-term.
Now, usually what investors do is they hold their bitcoin in long-term and only sell it at the right time of selling and how many years they will hold
it before selling it on the market.
Anything can be done as long as it can provide good profits, so if you really want to invest, it is something good, but if you can mine it will certainly be better too, but I think if you want to start by mining, I think it's too late, but if the investment is very good because this is indeed long term at least the next halving period must be completed before it can produce.
Right, investors will hold and sell when the increase season has arrived, because that is the opportunity to produce the best.
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If you are capable and the climate or atmosphere is cold where you live then you are still long-term, it is good to just mine and at least wait. Or it is also possible that even if you do not mine, just buy bitcoin and hold it long-term.
Now, usually what investors do is they hold their bitcoin in long-term and only sell it at the right time of selling and how many years they will hold
it before selling it on the market.
Anything can be done as long as it can provide good profits, so if you really want to invest, it is something good, but if you can mine it will certainly be better too, but I think if you want to start by mining, I think it's too late, but if the investment is very good because this is indeed long term at least the next halving period must be completed before it can produce.
Right, investors will hold and sell when the increase season has arrived, because that is the opportunity to produce the best.
Still though, if we mine you need to have a lot of capital to begin with, so it doesn't really make sense to do it in this era. That's why investors are very wise right now, they would rather just accumulate millions worth of Bitcoin than spending that kind of money to put up a mining business and it might be too complicate for them.
So for me, just DCA and HODL is the best method to make profit, it's one strategy that is already proven by those who have been in the market for so long already.
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What happened to the days when an OP was detailed and meaningful?
I think making any comment beyond what I have already stated is difficult as if there ever was a post made for the sake of increasing post count, the OP would be one of them.
Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Both methods can generate profits for participants, and I think investors just need to choose the method that suits them best.
If I had a lot of money, I could buy and hold BTC using smart strategies to acquire as much BTC as possible, for example, actively DCA during the crypto winter, take partial profits in the bull run, and repeat the process. All I need is to keep the private keys of a few hardware wallets really secure.
If I had a lot of money and I understood the technology in the mining sector, I would invest in a BTC mining system to mine BTC at a minimum cost, sell some to cover operating expenses, and keep the rest for the future.
I don't have a lot of money, I can't invest in a mining system or hold BTC from cycle to cycle, so I DCA BTC & ALTs and look for opportunities to take profits when I think the time is right ^^
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Anything can be done as long as it can provide good profits, so if you really want to invest, it is something good, but if you can mine it will certainly be better too, but I think if you want to start by mining, I think it's too late, but if the investment is very good because this is indeed long term at least the next halving period must be completed before it can produce.
Right, investors will hold and sell when the increase season has arrived, because that is the opportunity to produce the best.
However, both mining as well as investment have been observed to contain some merits and demerits depending on the capacity and achievement we possess. As you will agree, mining does entail the need for a large capital investment and high operating costs at this stage in particular. But there are no less interesting opportunities in investing in crypto assets, especially for the long term, with the provision that can raise the value of the assets under certain conditions, such as halving. However, such a decision of holding or selling should be taken based on good analysis of the market and not necessarily because it appears to be going up or down temporarily. Crypto investment, therefore, presents an opportunity to reap the highest return on any invested capital without having to mind a very dirty business as it is associated with mining.
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If you are capable and the climate or atmosphere is cold where you live then you are still long-term, it is good to just mine and at least wait. Or it is also possible that even if you do not mine, just buy bitcoin and hold it long-term.
Now, usually what investors do is they hold their bitcoin in long-term and only sell it at the right time of selling and how many years they will hold
it before selling it on the market.
Anything can be done as long as it can provide good profits, so if you really want to invest, it is something good, but if you can mine it will certainly be better too, but I think if you want to start by mining, I think it's too late, but if the investment is very good because this is indeed long term at least the next halving period must be completed before it can produce.
Right, investors will hold and sell when the increase season has arrived, because that is the opportunity to produce the best.
Still though, if we mine you need to have a lot of capital to begin with, so it doesn't really make sense to do it in this era. That's why investors are very wise right now, they would rather just accumulate millions worth of Bitcoin than spending that kind of money to put up a mining business and it might be too complicate for them.
So for me, just DCA and HODL is the best method to make profit, it's one strategy that is already proven by those who have been in the market for so long already.
Indeed, the DCA and hold method is a good method at this time to do rather than spending a large amount of capital to mine bitcoin. because it is not cheap to be able to have bitcoin mining equipment. I prefer to trade and HOLD because I think it is more effective.
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If you are capable and the climate or atmosphere is cold where you live then you are still long-term, it is good to just mine and at least wait. Or it is also possible that even if you do not mine, just buy bitcoin and hold it long-term.
If someone who has more than $20k and at least a good location where he/she can keep those mining ASICS then one should consider mining as an option. For majority of people mining isn't going to be a good and viable option.
One has to take care of the machines as mining requires human effort and look after for it. The ones who invest don't really need much more than understanding the market, so I guess investing is a better option.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
For me i just buy and hold, buying little by little monthly or weekly is good method and stress free for invest long term. Easy go exit if the price of bitcoin going down or the price of bitcoin going up. It is different if we are mining bitcoin.
The problem of mining bitcoin is we need alot of capital to buy hardware miner, more than it we must understand about technical skill related with mining bitcoin, we must pay bill electric, maintenance hardware and upgrade the hardware of miner bitcoin. And we can not exit if we mining bitcoin will be difficult for us to sell hardware bitcoin mining to other people.
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For me i just buy and hold, buying little by little monthly or weekly is good method and stress free for invest long term. Easy go exit if the price of bitcoin going down or the price of bitcoin going up. It is different if we are mining bitcoin.
The problem of mining bitcoin is we need alot of capital to buy hardware miner, more than it we must understand about technical skill related with mining bitcoin, we must pay bill electric, maintenance hardware and upgrade the hardware of miner bitcoin. And we can not exit if we mining bitcoin will be difficult for us to sell hardware bitcoin mining to other people.
From the above comments it is clear that investing by buying gradually afford the opportunity to construct the portfolio in a more composed manner. This way we remain engaged but do not have to focus much on technicalities. This is different if one aspires to venture in the area of mining that needs capital preparedness as well as adequate technical mastery knowledge. It is not about just the price of bitcoin, cost of hardware, but operations and other daily issues that any call centre must deal with. Especially when the situation in a certain market becomes altering, we find it hard to resell equipment which we have invested in. This makes the mining choice much more complicated than traditional ordinary and conventional investments which are gradual purchases.
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Indeed, the DCA and hold method is a good method at this time to do rather than spending a large amount of capital to mine bitcoin. because it is not cheap to be able to have bitcoin mining equipment. I prefer to trade and HOLD because I think it is more effective.
DCA is one of the way in investment (holding). With DCA, we are collecting the Bitcoin gradually. We can buy with small money in this way, it isn't a must to buy with huge money. Sure, it is easier than mining Bitcoin because mining may need a specific skill. But in holding, we only need to analyze the time to entry and the time to exit (selling Bitcoin). I also prefer holding than mining Bitcoin.
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For me i just buy and hold, buying little by little monthly or weekly is good method and stress free for invest long term. Easy go exit if the price of bitcoin going down or the price of bitcoin going up. It is different if we are mining bitcoin.
The problem of mining bitcoin is we need alot of capital to buy hardware miner, more than it we must understand about technical skill related with mining bitcoin, we must pay bill electric, maintenance hardware and upgrade the hardware of miner bitcoin. And we can not exit if we mining bitcoin will be difficult for us to sell hardware bitcoin mining to other people.
From the above comments it is clear that investing by buying gradually afford the opportunity to construct the portfolio in a more composed manner. This way we remain engaged but do not have to focus much on technicalities. This is different if one aspires to venture in the area of mining that needs capital preparedness as well as adequate technical mastery knowledge. It is not about just the price of bitcoin, cost of hardware, but operations and other daily issues that any call centre must deal with. Especially when the situation in a certain market becomes altering, we find it hard to resell equipment which we have invested in. This makes the mining choice much more complicated than traditional ordinary and conventional investments which are gradual purchases.
Yes sir mining bitcoin is more complicated than buying little by little so i choose farming yield on DeFi sector than mining, then the reward of farming can be used for buying bitcoin to protect our money.
In my experience yield farming and buying bitcoin little by little is more profitable than mining especially for individual investor of crypto, it is more easy way for the people who can trading profit consistent in bear or bull market like me.
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Yes sir mining bitcoin is more complicated than buying little by little so i choose farming yield on DeFi sector than mining, then the reward of farming can be used for buying bitcoin to protect our money.
In my experience yield farming and buying bitcoin little by little is more profitable than mining especially for individual investor of crypto, it is more easy way for the people who can trading profit consistent in bear or bull market like me.
we all have different experiences and preferences for some people they might be more concerned about the cons in yield farming like lack of liquidity which can be risky when you need to sell some of the coins so in that case they might not prefer yield farming and maybe their particular skill set leans towards mining more and finds enjoyment even in mining
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For me i just buy and hold, buying little by little monthly or weekly is good method and stress free for invest long term. Easy go exit if the price of bitcoin going down or the price of bitcoin going up. It is different if we are mining bitcoin.
The problem of mining bitcoin is we need alot of capital to buy hardware miner, more than it we must understand about technical skill related with mining bitcoin, we must pay bill electric, maintenance hardware and upgrade the hardware of miner bitcoin. And we can not exit if we mining bitcoin will be difficult for us to sell hardware bitcoin mining to other people.
From the above comments it is clear that investing by buying gradually afford the opportunity to construct the portfolio in a more composed manner. This way we remain engaged but do not have to focus much on technicalities. This is different if one aspires to venture in the area of mining that needs capital preparedness as well as adequate technical mastery knowledge. It is not about just the price of bitcoin, cost of hardware, but operations and other daily issues that any call centre must deal with. Especially when the situation in a certain market becomes altering, we find it hard to resell equipment which we have invested in. This makes the mining choice much more complicated than traditional ordinary and conventional investments which are gradual purchases.
Yes sir mining bitcoin is more complicated than buying little by little so i choose farming yield on DeFi sector than mining, then the reward of farming can be used for buying bitcoin to protect our money.
In my experience yield farming and buying bitcoin little by little is more profitable than mining especially for individual investor of crypto, it is more easy way for the people who can trading profit consistent in bear or bull market like me.
Mining bitcoin requires a large capital and this is hard for me who has a small capital. That's why I prefer to trade and use the profits from trading to buy bitcoin little by little with the DCA method. Maybe my friends here also do the same thing, there are also those who participate in aidrop and bounty campaigns to get rewards that are used to buy bitcoin
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Yes sir mining bitcoin is more complicated than buying little by little so i choose farming yield on DeFi sector than mining, then the reward of farming can be used for buying bitcoin to protect our money.
In my experience yield farming and buying bitcoin little by little is more profitable than mining especially for individual investor of crypto, it is more easy way for the people who can trading profit consistent in bear or bull market like me.
we all have different experiences and preferences for some people they might be more concerned about the cons in yield farming like lack of liquidity which can be risky when you need to sell some of the coins so in that case they might not prefer yield farming and maybe their particular skill set leans towards mining more and finds enjoyment even in mining
Yes, yield farming is not really different from mining and it is just knowing who you are as the character. If you consider oneself as a person who cannot waste time on issues regarding liquidity, then it is logical that you would lean more toward mining which provides more on tangible outcome and can be performed individually. In my opinion, when each of such choices is known to you, it will be easy to soldier on no matter how the market turns as you understand the rationale behind all the actions you are taking on the ground. It is perfectly alright to make a different decision, so long as you commit to the decision that you make and keep moving forward and analysing your choices.
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Yes sir mining bitcoin is more complicated than buying little by little so i choose farming yield on DeFi sector than mining, then the reward of farming can be used for buying bitcoin to protect our money.
In my experience yield farming and buying bitcoin little by little is more profitable than mining especially for individual investor of crypto, it is more easy way for the people who can trading profit consistent in bear or bull market like me.
we all have different experiences and preferences for some people they might be more concerned about the cons in yield farming like lack of liquidity which can be risky when you need to sell some of the coins so in that case they might not prefer yield farming and maybe their particular skill set leans towards mining more and finds enjoyment even in mining
Yes, yield farming is not really different from mining and it is just knowing who you are as the character. If you consider oneself as a person who cannot waste time on issues regarding liquidity, then it is logical that you would lean more toward mining which provides more on tangible outcome and can be performed individually. In my opinion, when each of such choices is known to you, it will be easy to soldier on no matter how the market turns as you understand the rationale behind all the actions you are taking on the ground. It is perfectly alright to make a different decision, so long as you commit to the decision that you make and keep moving forward and analysing your choices.
Those who know about the mining speed of Bitcoin will definitely not be encouraged to do Bitcoin mining again. If they invest the amount of money they will spend on a Bitcoin mining farm in Bitcoin, then after a few years they will be able to get a much higher return from it. Where they probably will not get that amount of return from mining. However, mining may be someone's hobby, in that case they can definitely do it. Many people are still doing Bitcoin mining as a hobby and they are not thinking about much profit from it. However, in the current context, investing can be much easier and more profitable than mining Bitcoin.
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Yes sir mining bitcoin is more complicated than buying little by little so i choose farming yield on DeFi sector than mining, then the reward of farming can be used for buying bitcoin to protect our money.
In my experience yield farming and buying bitcoin little by little is more profitable than mining especially for individual investor of crypto, it is more easy way for the people who can trading profit consistent in bear or bull market like me.
we all have different experiences and preferences for some people they might be more concerned about the cons in yield farming like lack of liquidity which can be risky when you need to sell some of the coins so in that case they might not prefer yield farming and maybe their particular skill set leans towards mining more and finds enjoyment even in mining
Yes the key on yield farming on DeFi and mining bitcoin is skill set, not everyone know how to find huge APR on every network blockchain and not everyone know how long huge APR will survive on DeFi and not everyone know how to set up their hardware mining bitcoin and not everyone know how to find the profitable pool to be mined.
So people must learn first about yield farming or mining bitcoin because always there is risk to losing money in them, event if the activity of mining bitcoin is just for fun and entertainment 😄
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Solana is 7% yield
So 10000 in Solana yields 700 a year.
I think i would just buy 10k in btc and let it ride a few years
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Yes the key on yield farming on DeFi and mining bitcoin is skill set, not everyone know how to find huge APR on every network blockchain and not everyone know how long huge APR will survive on DeFi and not everyone know how to set up their hardware mining bitcoin and not everyone know how to find the profitable pool to be mined.
So people must learn first about yield farming or mining bitcoin because always there is risk to losing money in them, event if the activity of mining bitcoin is just for fun and entertainment 😄
You are completely right here, there is much that one has to grasp before wading into yield farming, or bitcoin mining. Each of them gives potentially high profits, but there are definitely some challenges and not all people are able to deal with them. It means that the process of searching for a high APR or selecting a profitable pool is not an easy task. To some extent, it depends on one’s ability to read the market and understand some details pertaining to every network. On the other extreme, where there is no enough knowledge involved, then on the same areas of entertainment, losses are not out of the question. To begin with adapting to the current world is crucial, and this entails learning from experience which can only be achieved by continuously advancing as per the trends present.
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Mining Bitcoin requires a lot of money, and it's not advisable to mine solo. It's better to invest in it, learn about the cryptocurrency cycle, and take advantage of it.
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You are completely right here, there is much that one has to grasp before wading into yield farming, or bitcoin mining. Each of them gives potentially high profits, but there are definitely some challenges and not all people are able to deal with them. It means that the process of searching for a high APR or selecting a profitable pool is not an easy task. To some extent, it depends on one’s ability to read the market and understand some details pertaining to every network. On the other extreme, where there is no enough knowledge involved, then on the same areas of entertainment, losses are not out of the question. To begin with adapting to the current world is crucial, and this entails learning from experience which can only be achieved by continuously advancing as per the trends present.
Finding good and reliable ways to get high APR in yield farming means you need to do much research and understand how different systems work and what risks are and how rewards can change. Similarly if you want to mine Bitcoin and make profit you need to choose good mining group and think about things like how much computing power you have and what fees are and how you get paid. Being able to understand what is happening in market and knowing details of different crypto networks is super important if you want to do well in these areas. If you do not know enough like you said you could easily lose money.
At end you are spot on that it is all about constantly learning and changing as crypto world changes. Getting experience by actually doing things and staying up to date with newest trends is really important for avoiding risks and having better chance of making money in these more advanced parts of crypto.
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Yes the key on yield farming on DeFi and mining bitcoin is skill set, not everyone know how to find huge APR on every network blockchain and not everyone know how long huge APR will survive on DeFi and not everyone know how to set up their hardware mining bitcoin and not everyone know how to find the profitable pool to be mined.
So people must learn first about yield farming or mining bitcoin because always there is risk to losing money in them, event if the activity of mining bitcoin is just for fun and entertainment 😄
You are completely right here, there is much that one has to grasp before wading into yield farming, or bitcoin mining. Each of them gives potentially high profits, but there are definitely some challenges and not all people are able to deal with them. It means that the process of searching for a high APR or selecting a profitable pool is not an easy task. To some extent, it depends on one’s ability to read the market and understand some details pertaining to every network. On the other extreme, where there is no enough knowledge involved, then on the same areas of entertainment, losses are not out of the question. To begin with adapting to the current world is crucial, and this entails learning from experience which can only be achieved by continuously advancing as per the trends present.
Yes sir i agree with you, unfortunately there are many people does not calculate risk and reward in Investment into crypto (yield farming or bitcoin) when something bad happen to their portofolio crypto Investment.
Usually they blame all of crypto market 😄 i have saw many people like that, they really really don't understand the risk comes from ignorance. Many people just want easy money and fast way to getting rich with crypto 😄
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Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
For the long run, holding is the best option ever to take, same goes even for the short run, probably to take out all profits when the market is on a bull run. Mining is profitable, but the question that comes in is will you be able to keep up with the maintenance that comes or follows with it. Buying and holding Bitcoin has more positive returns to the negatives that might follow, unlike mining.
If proper checkmating is done and carried out, one should know which is more profitable, and with little to no expenses attached. Every investor or business-person knows very well that losses are inevitable, but they go after that which will have the list form of expenses attached to it.
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Solana is 7% yield
So 10000 in Solana yields 700 a year.
I think i would just buy 10k in btc and let it ride a few years
Hahaha 😄 yes sir just buy and hold is best choice too, depend on the strategy the other reason bitcoin is king of crypto than solana. Bitcoin still live until now but solana is still new coin compared with bitcoin.
There are not guarantee solana will survive in coming future especially if we want invest for long term, buy bitcoin and hold it for couple years is wise choice and free of stress than staking solana.
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Solana is 7% yield
So 10000 in Solana yields 700 a year.
I think i would just buy 10k in btc and let it ride a few years
Hahaha 😄 yes sir just buy and hold is best choice too, depend on the strategy the other reason bitcoin is king of crypto than solana. Bitcoin still live until now but solana is still new coin compared with bitcoin.
There are not guarantee solana will survive in coming future especially if we want invest for long term, buy bitcoin and hold it for couple years is wise choice and free of stress than staking solana.
I have about 5 staked Solana
I hold a lot more BTC
I still mine BTC but profits are low.
I do stack the profits.
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Solana is 7% yield
So 10000 in Solana yields 700 a year.
I think i would just buy 10k in btc and let it ride a few years
Hahaha 😄 yes sir just buy and hold is best choice too, depend on the strategy the other reason bitcoin is king of crypto than solana. Bitcoin still live until now but solana is still new coin compared with bitcoin.
There are not guarantee solana will survive in coming future especially if we want invest for long term, buy bitcoin and hold it for couple years is wise choice and free of stress than staking solana.
If you want to compare bitcoin and solana for long term holding, of course bitcoin is the main choice. because bitcoin is the king of crypto and still survives until now. Bitcoin is getting more popular and the price is getting more expensive.
We don't know if solana will survive for the next few years, although solana is currently very popular but there will always be a risk if you invest in altcoins.
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If you want to compare bitcoin and solana for long term holding, of course bitcoin is the main choice. because bitcoin is the king of crypto and still survives until now. Bitcoin is getting more popular and the price is getting more expensive.
We don't know if solana will survive for the next few years, although solana is currently very popular but there will always be a risk if you invest in altcoins.
You are right. Bitcoin should be the priority for the long term holding. Bitcoin is the most trustable coin, it never makes us disappointed because it always reaches a new ATH in each cycle. It also always increases its price gradually, it never stops growing. It is different with altcoins, sometimes they may not increase as expected because of many factors. It is not impossible that someday Solana can't increase high anymore.
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Solana is 7% yield
So 10000 in Solana yields 700 a year.
I think i would just buy 10k in btc and let it ride a few years
Hahaha 😄 yes sir just buy and hold is best choice too, depend on the strategy the other reason bitcoin is king of crypto than solana. Bitcoin still live until now but solana is still new coin compared with bitcoin.
There are not guarantee solana will survive in coming future especially if we want invest for long term, buy bitcoin and hold it for couple years is wise choice and free of stress than staking solana.
I have about 5 staked Solana
I hold a lot more BTC
I still mine BTC but profits are low.
I do stack the profits.
Wow nice info Sir, you have good portions of portofolio Investment in crypto, you have staking solana, you have alot of bitcoin and you still mining bitcoin in profit.
You just need keep running for it, i am sure in long term you will make big profit don't worry about about low yield of staking solana because you have alot of bitcoin and still mining bitcoin which give you passive income in mining.