Mine Bitcoin or Just hold it?

[slapper]

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

[vegasus]

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.

[tabas]

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.

[Makus]

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.

[Vx1]

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.

[rachael9385]

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.

[Makus]

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.

[Alone055]

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.

[SamReomo]

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.

[Vx1]

~

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.

[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?

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.

[kai]

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.

[omori]

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).

[Legion]

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.

[kai]

....
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.

....
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

Sorry in advance, I archived my portfolio in Indonesian and you can also translate it into English for the word translations.