Mine Bitcoin or Just hold it?

[Blaze]

Yes sir mining bitcoin is more complicated than buying little by little so i choose farming yield on DeFi sector than mining, then the reward of farming can be used for buying bitcoin to protect our money.
In my experience yield farming and buying bitcoin little by little is more profitable than mining especially for individual investor of crypto, it is more easy way for the people who can trading profit consistent in bear or bull market like me.

we all have different experiences and preferences for some people they might be more concerned about the cons in yield farming like lack of liquidity which can be risky when you need to sell some of the coins so in that case they might not prefer yield farming and maybe their particular skill set leans towards mining more and finds enjoyment even in mining

Yes, yield farming is not really different from mining and it is just knowing who you are as the character. If you consider oneself as a person who cannot waste time on issues regarding liquidity, then it is logical that you would lean more toward mining which provides more on tangible outcome and can be performed individually. In my opinion, when each of such choices is known to you, it will be easy to soldier on no matter how the market turns as you understand the rationale behind all the actions you are taking on the ground. It is perfectly alright to make a different decision, so long as you commit to the decision that you make and keep moving forward and analysing your choices.

[JISAN]

Yes sir mining bitcoin is more complicated than buying little by little so i choose farming yield on DeFi sector than mining, then the reward of farming can be used for buying bitcoin to protect our money.
In my experience yield farming and buying bitcoin little by little is more profitable than mining especially for individual investor of crypto, it is more easy way for the people who can trading profit consistent in bear or bull market like me.

we all have different experiences and preferences for some people they might be more concerned about the cons in yield farming like lack of liquidity which can be risky when you need to sell some of the coins so in that case they might not prefer yield farming and maybe their particular skill set leans towards mining more and finds enjoyment even in mining

Yes, yield farming is not really different from mining and it is just knowing who you are as the character. If you consider oneself as a person who cannot waste time on issues regarding liquidity, then it is logical that you would lean more toward mining which provides more on tangible outcome and can be performed individually. In my opinion, when each of such choices is known to you, it will be easy to soldier on no matter how the market turns as you understand the rationale behind all the actions you are taking on the ground. It is perfectly alright to make a different decision, so long as you commit to the decision that you make and keep moving forward and analysing your choices.

Those who know about the mining speed of Bitcoin will definitely not be encouraged to do Bitcoin mining again. If they invest the amount of money they will spend on a Bitcoin mining farm in Bitcoin, then after a few years they will be able to get a much higher return from it. Where they probably will not get that amount of return from mining. However, mining may be someone's hobby, in that case they can definitely do it. Many people are still doing Bitcoin mining as a hobby and they are not thinking about much profit from it. However, in the current context, investing can be much easier and more profitable than mining Bitcoin.

[densuj]

Yes sir mining bitcoin is more complicated than buying little by little so i choose farming yield on DeFi sector than mining, then the reward of farming can be used for buying bitcoin to protect our money.
In my experience yield farming and buying bitcoin little by little is more profitable than mining especially for individual investor of crypto, it is more easy way for the people who can trading profit consistent in bear or bull market like me.

we all have different experiences and preferences for some people they might be more concerned about the cons in yield farming like lack of liquidity which can be risky when you need to sell some of the coins so in that case they might not prefer yield farming and maybe their particular skill set leans towards mining more and finds enjoyment even in mining

Yes the key on yield farming on DeFi and mining bitcoin is skill set, not everyone know how to find huge APR on every network blockchain and not everyone know how long huge APR will survive on DeFi and not everyone know how to set up their hardware mining bitcoin and not everyone know how to find the profitable pool to be mined.
So people must learn first about yield farming or mining bitcoin because always there is risk to losing money in them, event if the activity of mining bitcoin is just for fun and entertainment 😄

[philipma1957]

Solana is 7% yield

So 10000 in Solana yields 700 a year.

I think i would just buy  10k in btc and let it ride a few years

[Blaze]

Yes the key on yield farming on DeFi and mining bitcoin is skill set, not everyone know how to find huge APR on every network blockchain and not everyone know how long huge APR will survive on DeFi and not everyone know how to set up their hardware mining bitcoin and not everyone know how to find the profitable pool to be mined.
So people must learn first about yield farming or mining bitcoin because always there is risk to losing money in them, event if the activity of mining bitcoin is just for fun and entertainment 😄

You are completely right here, there is much that one has to grasp before wading into yield farming, or bitcoin mining. Each of them gives potentially high profits, but there are definitely some challenges and not all people are able to deal with them. It means that the process of searching for a high APR or selecting a profitable pool is not an easy task. To some extent, it depends on one’s ability to read the market and understand some details pertaining to every network. On the other extreme, where there is no enough knowledge involved, then on the same areas of entertainment, losses are not out of the question. To begin with adapting to the current world is crucial, and this entails learning from experience which can only be achieved by continuously advancing as per the trends present.

[na.me]

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?

Mining Bitcoin requires a lot of money, and it's not advisable to mine solo. It's better to invest in it, learn about the cryptocurrency cycle, and take advantage of it.

[Themepen]

You are completely right here, there is much that one has to grasp before wading into yield farming, or bitcoin mining. Each of them gives potentially high profits, but there are definitely some challenges and not all people are able to deal with them. It means that the process of searching for a high APR or selecting a profitable pool is not an easy task. To some extent, it depends on one’s ability to read the market and understand some details pertaining to every network. On the other extreme, where there is no enough knowledge involved, then on the same areas of entertainment, losses are not out of the question. To begin with adapting to the current world is crucial, and this entails learning from experience which can only be achieved by continuously advancing as per the trends present.

Finding good and reliable ways to get high APR in yield farming means you need to do much research and understand how different systems work and what risks are and how rewards can change. Similarly if you want to mine Bitcoin and make profit you need to choose good mining group and think about things like how much computing power you have and what fees are and how you get paid. Being able to understand what is happening in market and knowing details of different crypto networks is super important if you want to do well in these areas. If you do not know enough like you said you could easily lose money.

At end you are spot on that it is all about constantly learning and changing as crypto world changes. Getting experience by actually doing things and staying up to date with newest trends is really important for avoiding risks and having better chance of making money in these more advanced parts of crypto.

[densuj]

Yes the key on yield farming on DeFi and mining bitcoin is skill set, not everyone know how to find huge APR on every network blockchain and not everyone know how long huge APR will survive on DeFi and not everyone know how to set up their hardware mining bitcoin and not everyone know how to find the profitable pool to be mined.
So people must learn first about yield farming or mining bitcoin because always there is risk to losing money in them, event if the activity of mining bitcoin is just for fun and entertainment 😄

You are completely right here, there is much that one has to grasp before wading into yield farming, or bitcoin mining. Each of them gives potentially high profits, but there are definitely some challenges and not all people are able to deal with them. It means that the process of searching for a high APR or selecting a profitable pool is not an easy task. To some extent, it depends on one’s ability to read the market and understand some details pertaining to every network. On the other extreme, where there is no enough knowledge involved, then on the same areas of entertainment, losses are not out of the question. To begin with adapting to the current world is crucial, and this entails learning from experience which can only be achieved by continuously advancing as per the trends present.

Yes sir i agree with you, unfortunately there are many people does not calculate risk and reward in Investment into crypto (yield farming or bitcoin) when something bad happen to their portofolio crypto Investment.
Usually they blame all of crypto market 😄 i have saw many people like that, they really really don't understand the risk comes from ignorance. Many people just want easy money and fast way to getting rich with crypto 😄

[Stuart]

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?

For the long run, holding is the best option ever to take, same goes even for the short run, probably to take out all profits when the market is on a bull run. Mining is profitable, but the question that comes in is will you be able to keep up with the maintenance that comes or follows with it. Buying and holding Bitcoin has more positive returns to the negatives that might follow, unlike mining.

If proper checkmating is done and carried out, one should know which is more profitable, and with little to no expenses attached. Every investor or business-person knows very well that losses are inevitable, but they go after that which will have the list form of expenses attached to it. 

[densuj]

Solana is 7% yield

So 10000 in Solana yields 700 a year.

I think i would just buy  10k in btc and let it ride a few years

Hahaha 😄 yes sir just buy and hold is best choice too, depend on the strategy the other reason bitcoin is king of crypto than solana. Bitcoin still live until now but solana is still new coin compared with bitcoin.
There are not guarantee solana will survive in coming future especially if we want invest for long term, buy bitcoin and hold it for couple years is wise choice and free of stress than staking solana.

[philipma1957]

Solana is 7% yield

So 10000 in Solana yields 700 a year.

I think i would just buy  10k in btc and let it ride a few years

Hahaha 😄 yes sir just buy and hold is best choice too, depend on the strategy the other reason bitcoin is king of crypto than solana. Bitcoin still live until now but solana is still new coin compared with bitcoin.
There are not guarantee solana will survive in coming future especially if we want invest for long term, buy bitcoin and hold it for couple years is wise choice and free of stress than staking solana.

I have about 5 staked Solana

I hold a lot more BTC

I still mine BTC but profits are low.

I do stack the profits.

[legend45]

Solana is 7% yield

So 10000 in Solana yields 700 a year.

I think i would just buy  10k in btc and let it ride a few years

Hahaha 😄 yes sir just buy and hold is best choice too, depend on the strategy the other reason bitcoin is king of crypto than solana. Bitcoin still live until now but solana is still new coin compared with bitcoin.
There are not guarantee solana will survive in coming future especially if we want invest for long term, buy bitcoin and hold it for couple years is wise choice and free of stress than staking solana.

If you want to compare bitcoin and solana for long term holding, of course bitcoin is the main choice. because bitcoin is the king of crypto and still survives until now. Bitcoin is getting more popular and the price is getting more expensive.
We don't know if solana will survive for the next few years, although solana is currently very popular but there will always be a risk if you invest in altcoins.

[debra]

If you want to compare bitcoin and solana for long term holding, of course bitcoin is the main choice. because bitcoin is the king of crypto and still survives until now. Bitcoin is getting more popular and the price is getting more expensive.
We don't know if solana will survive for the next few years, although solana is currently very popular but there will always be a risk if you invest in altcoins.

You are right. Bitcoin should be the priority for the long term holding. Bitcoin is the most trustable coin, it never makes us disappointed because it always reaches a new ATH in each cycle. It also always increases its price gradually, it never stops growing. It is different with altcoins, sometimes they may not increase as expected because of many factors. It is not impossible that someday Solana can't increase high anymore.

[densuj]

Solana is 7% yield

So 10000 in Solana yields 700 a year.

I think i would just buy  10k in btc and let it ride a few years

Hahaha 😄 yes sir just buy and hold is best choice too, depend on the strategy the other reason bitcoin is king of crypto than solana. Bitcoin still live until now but solana is still new coin compared with bitcoin.
There are not guarantee solana will survive in coming future especially if we want invest for long term, buy bitcoin and hold it for couple years is wise choice and free of stress than staking solana.

I have about 5 staked Solana

I hold a lot more BTC

I still mine BTC but profits are low.

I do stack the profits.

Wow nice info Sir, you have good portions of portofolio Investment in crypto, you have staking solana, you have alot of bitcoin and you still mining bitcoin in profit.

You just need keep running for it, i am sure in long term you will make big profit don't worry about about low yield of staking solana because you have alot of bitcoin and still mining bitcoin which give you passive income in mining.