Mine Bitcoin or Just hold it?

[0t3p0t]

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.

[taufik123]

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.

[Mr. Magkaisa]

           -     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.

[Hisbullah]

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

[yhiaali3]

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.

[SmartGold01]

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.

[enwi]

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.

[tequilla_sunset]

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.

[legend45]

           -     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.

[SmartGold01]

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.

[dwyane36]

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).

[rby]

           -     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.

[Bobcrypto]

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.

[gunhell16]

           -     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.

[taufik123]

-snip-
 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.