Mine Bitcoin or Just hold it?

[fruktik]

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?

What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.

Or consider an option in which the cost of electricity will be minimal or free. Naturally, this is extremely problematic and difficult to implement in our world.

[dave_strider]

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?

What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.

Or consider an option in which the cost of electricity will be minimal or free. Naturally, this is extremely problematic and difficult to implement in our world.

Not many are able to get enough solar / wind power to get the minimal prices for the electricity.

Deals are made for some, but only if you make connections or give a cut for doing the mining.

[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?

What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.

Or consider an option in which the cost of electricity will be minimal or free. Naturally, this is extremely problematic and difficult to implement in our world.

Of course, to get Bitcoins with minimal effort and without having to go through the process of mining it is much more effective to buy it. Mining your self also may take a lot of capital to establish and then constant monitoring and maintaining technicalities in the tools used. However, some people prefer serving in the process directly in question even if it has its cost implications. In conclusion, like anything else in life, mining as well as investing have their positives and negatives that cannot just have little regard for the circumstances of the person who is involved in 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?

What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.

Or consider an option in which the cost of electricity will be minimal or free. Naturally, this is extremely problematic and difficult to implement in our world.

Of course, to get Bitcoins with minimal effort and without having to go through the process of mining it is much more effective to buy it. Mining your self also may take a lot of capital to establish and then constant monitoring and maintaining technicalities in the tools used. However, some people prefer serving in the process directly in question even if it has its cost implications. In conclusion, like anything else in life, mining as well as investing have their positives and negatives that cannot just have little regard for the circumstances of the person who is involved in it.

In the current situation, Bitcoin mining requires powerful computer equipment such as CPU, processor and electricity, and it will take a long time to recover the money spent by mining. Bitcoin mining is almost over, so now mining is very slow, so you can't make much profit by mining. So now the best way is to buy Bitcoin immediately if the price drops and plan to hold it for a long time. Because after a few years, the price of Bitcoin may exceed a million dollars. Then buying Bitcoin will also be our dream.

[Legion]

In the current situation, Bitcoin mining requires powerful computer equipment such as CPU, processor and electricity, and it will take a long time to recover the money spent by mining. Bitcoin mining is almost over, so now mining is very slow, so you can't make much profit by mining. So now the best way is to buy Bitcoin immediately if the price drops and plan to hold it for a long time. Because after a few years, the price of Bitcoin may exceed a million dollars. Then buying Bitcoin will also be our dream.

Lots of people are now leaving mining due to the fact that it is not so simple as it was before and I believe that it is quite reasonable. Yet, swapping to the buy and hold strategy is not guaranteed to be safe also. If you think the price will increase then you also must wonder why the price is increasing. Which of them will buy at a higher price? What’s driving demand? When a person depend on beliefs without considering some underlying issues that enable such beliefs, one mostly ends up with baseless expectations. I am not suggesting that you need to know technically all aspects of this world, but sit there idle and wait for it is not an option. When you make a decision based on something that you can cling on to then you can be certain that your decision is far better than walking in a pleasant reverie.

[Basedjack]

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.

Yes I agree with you, I want to talk about investment first you can invest according to your ability and needs and keep it for the long term. You can wait until the bullish season by investing in Bitcoin, and you can save a lot of profit from there. Bitcoin mining is now immediately expensive. There is mining and electricity costs. Now people's attention to mining is very low.

[LogitechMouse]

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'm not mining Bitcoin so I'll be a bit bias on my answer, and I will choose the buy and hold method.

I don't know how profitable Bitcoin mining is, but there are some factors that you need to take note when you're thinking of doing it like the electricity fees, the capital that you need to buy those rigs, etc.

If you don't want to get stressed thinking of maintaining those mining rigs, and you don't want a noisy environment, just buy and hold, but if you have the capital, and you want to do it then you can try. Just look at how much the electricity in your country first though so you can look at how profitable you can be.

[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'm not mining Bitcoin so I'll be a bit bias on my answer, and I will choose the buy and hold method.

I don't know how profitable Bitcoin mining is, but there are some factors that you need to take note when you're thinking of doing it like the electricity fees, the capital that you need to buy those rigs, etc.

If you don't want to get stressed thinking of maintaining those mining rigs, and you don't want a noisy environment, just buy and hold, but if you have the capital, and you want to do it then you can try. Just look at how much the electricity in your country first though so you can look at how profitable you can be.

mining bitcoin capital is quite large, so if we only have a small capital and want to invest in bitcoin, we should buy bitcoin on the exchange.
because buying rigs to mine bitcoin requires large capital, besides the electricity costs are also large. I prefer to buy and hold bitcoin rather than mining.

[Kemarit]

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'm not mining Bitcoin so I'll be a bit bias on my answer, and I will choose the buy and hold method.

I don't know how profitable Bitcoin mining is, but there are some factors that you need to take note when you're thinking of doing it like the electricity fees, the capital that you need to buy those rigs, etc.

If you don't want to get stressed thinking of maintaining those mining rigs, and you don't want a noisy environment, just buy and hold, but if you have the capital, and you want to do it then you can try. Just look at how much the electricity in your country first though so you can look at how profitable you can be.

I think it's obvious that our answer will be that we will be just HOLDing Bitcoin. It's not that we can just mine it with CPU or GPU, everything has chance now. Maybe in the early years it's possible in the first couple of years of Bitcoin's existence.

But now it's totally different, lots of factors to consider, and millions of investments are needed to be in this business. That's why for ordinary and average joe Mining is no longer feasible.

[Mia Chloe]

What's the point of mining now if you do it alone? None. It's much better to buy a bitcoin and hold it for several years, as large investors do. Yes, of course, not everyone can afford to do this if some force majeure circumstances arise and you urgently need money in large quantities. It's much easier for wealthy people in this regard than even for a middle-class person in terms of income.

Yeah this is actually true. Come to think of it most developed countries have a relatively high electricity cost especially in places like the US compared to less developed places. Even considering the cost of mining wares and their maintenance it's better to just buy some bitcoins and hold with that money.
Some would suggest joining a pool instead of solo mining but the truth is the percentage is so small considering how much hashrate you contribute to the pool.

[Royal Cap]

Actually, I think that holding is more necessary than mining at present. Because mining requires a lot of electricity and technology. On the other hand, there is no additional cost to hold. But if you already have a mining setup, then you can do mining. But I would not suggest doing new mining. Because mining is a lot like a business. Here you can make a profit and you can also lose. Holding is for the long term, you will must get a profit someday.

[yohananaomi]

Actually, I think that holding is more necessary than mining at present. Because mining requires a lot of electricity and technology. On the other hand, there is no additional cost to hold. But if you already have a mining setup, then you can do mining. But I would not suggest doing new mining. Because mining is a lot like a business. Here you can make a profit and you can also lose. Holding is for the long term, you will must get a profit someday.

Actually, whether to do mining or holding is a decision of everyone who will do it, and it is certain that they do it according to their intelligence and what has been done so far and both are equally good. The most important thing is that they can produce according to what is expected.
But I strongly agree that if you are new to mining, it is clearly not recommended because I think the time is a bit too late to do it, but once again all decisions are up to the individual.

[Mate2237]

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 everyone can mine Bitcoin and not everyone mines Bitcoin. Not everyone can mine because there many factors that restricting people to mine Bitcoin and the number is the geographical location of the miner and the cost of the mining machines and electricity. Many people are interested to mine Bitcoin but those factors have restricted many from me mining Bitcoin while not everyone mines bitcoin in the sense that not everyone is technically incline to mine Bitcoin.

There are lot of things to do in bitcoin mining but invest of buying and hodling is simple either no knowledge is needed through another you can invest or basic knowledge is needed to invest in Bitcoin.

[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?

<snip>
There are lot of things to do in bitcoin mining but invest of buying and hodling is simple either no knowledge is needed through another you can invest or basic knowledge is needed to invest in Bitcoin.

Mate, At least basic knowledge is needed before anyone jumps into the crypto space. Now, why do I think that knowledge plays a very important role in being a newbie in the crypto space? So, a person who is a newbie in this space has invested all their savings, for example, after that they received a phishing link that they have no idea about. Once they click it, having no knowledge about it, their wallets will be washed after clicking that knowledge. This is my point of view, mate.

Other than that, why cannot everyone mine bitcoin because of the unavailability of electricity all the time, and it costs too much to be a miner and needs a good investment before starting mining bitcoin. That is why those who can not afford it tend to move just accumulating their bitcoin portfolio in the dips, and in the long term they generate a good amount of profits.

[legend45]

Actually, I think that holding is more necessary than mining at present. Because mining requires a lot of electricity and technology. On the other hand, there is no additional cost to hold. But if you already have a mining setup, then you can do mining. But I would not suggest doing new mining. Because mining is a lot like a business. Here you can make a profit and you can also lose. Holding is for the long term, you will must get a profit someday.

Actually, whether to do mining or holding is a decision of everyone who will do it, and it is certain that they do it according to their intelligence and what has been done so far and both are equally good. The most important thing is that they can produce according to what is expected.
But I strongly agree that if you are new to mining, it is clearly not recommended because I think the time is a bit too late to do it, but once again all decisions are up to the individual.

I agree with you, to do mining seems too late, it's better to just invest. either as a holder or as a trader. because there are many considerations that we must think about before deciding to become a miner or investor. if I personally prefer to be a trader and holder because I don't need to think about paying high costs for electricity bills for mining.