Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Davidjones on September 21, 2018, 12:08:23 PM
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I want to know about mining vs trading topic. Many people saying that mining is the safest source of earning some coin. On the contrary, some other people say that trading is the best source of earning money. As a newbie, I am a bit confused about that. Which one is safe to do you think?
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Trading has the risk of falling prices, and the risk of coins being worthless.
but mining also has risks, the risk of scam sites or hardware is damaged.
although all things must have risk, if for mining and trading I still prefer mining, and mining in sites that rent mining contracts.
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I think mining is expensive and needs big capital on it but its surely have a best profit in the end while doing some trading is a risky thing for beginners. If you want to earn money form trading you must be able to do how to have a strategy doing trading.
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Trading is still profitable than mining. Almost all of the miners give up mining because of the low earnings it gives. Their expenses are greater than what they profited. Trading on the other hand gives risk but a good profit also. You are more probably to earn in trading than mining.
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if in my opinion it is not safe from the two choices, because both have their own risks.
Now you have a choice, which one suits your needs.
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;D Yes, I also expect this, because these are new technologies that will please us. I really expect this, but I understand that this may not happen.I think you should look at your own prospects, no one can solve this problem for you, because there must always be an opinion. Thank you. ;D ;D ;D ;D ;D ;D
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If we talk about which one is the safer, I think Mining will be safer but it spends quite much funds to run it. I have a friend that do a mining activity, they said "mining is no longer profitable yet spend much money and get rather small dollars currently". He recommend me to not run the mining.
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Trading can be done if you already have a coin. You can sell your coins at high prices. Or you can join the ICO. While mining is to search for coins if you don't have a coin. So determine what you need.
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Actually both are safe and profitable between mining and trading. But Mining must require a lot of money and complete and good equipment for mining. As for trading, only capital is needed to buy coins when the price is low and sell at a high price. For me everything is safe and equally beneficial.
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According to one's needs. everyone has a different goal. I prefer to trade because it's easier to do. mining requires capital and a long time.
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I think both are equally safe. If we do it very carefully. because both are equally profitable. If I prefer trading, as more challenge.
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Mining is more safe than trading, but its expensive to buy a mining hardware
Trading is more risky than mining, however it can profit you up to 200% of your capital!
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personally, I prefer to do trading because the profit that will be obtained is greater than mining. but keep in mind that trading is not easy. we must really make a good strategy and also have to be able to analyze the crypto market well to choose the right time to sell or buy crypto.
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For a serious mining rig you would need quite a hefty sum of starting capital, but you can start trading even with a hundred bucks or even less and you are gradually able to increase this amount with constant trading, but be sure to learn at least some basics in TA.
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Mining is very expensive while trading seems minimal. I think it is more safer to do trading than mining. Still your safetiness base on how do you take care your belongings.
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Mining is safe right but it cannot be cheap for every country. First of all you need the mining equipment for mining which are really costly.
Secondly you need full time electricity power and cooling systems.
I don't prefer mining
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if you have small capital, it is better to trade, but if you have large enough capital, you can try mining because this is quite profitable if you are mining a good coin