Mine Bitcoin or Just hold it?

[JISAN]

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.

[robelneo]

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.

[Azharul]

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.

[Findingnemo]

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.

[gunhell16]

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.

[Stompix]

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  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

[Faisal2202]

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.

[kulkhan]

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.

[|MINER|]

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.

[DYING_S0UL]

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.

[Cantsay]

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.

[Mia Chloe]

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.

[Blaze]

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.

[rby]

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.

[Stompix]

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.