Mine Bitcoin or Just hold it?

[BlockSavvy]

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?

[Jating]

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.

[Charles-Tim]

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.

[BlockSavvy]

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.

[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?

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.

[snowpega]

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.

[ABCbits]

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.

[rby]

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.

[milewilda]

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.

[bitterguy28]

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

[dave_strider]

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.

[Baofeng]

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.

[rdluffy]

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

[Fivestar4everMVP]

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.

[Crwth]

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.