japhet Posted January 3, 2018 #1 Posted January 3, 2018 what is the best way to earn bitcoin 1. bitcoin Mining, it requires, expertise or you should be an IT or any related profession, it also requires, high computer specs,high speed internet,cool climate and eats huge amount of electricity and huge amount of money to start with if your mining 3-4 years ago mining bitcoin may be efficient,but as your mining now you have a lot of the competitors with factory size mining facilities, it's advantage is you don't have limit in bitcoin mining in term of how many coins you can mine and tax to pay with. but its highly maintenance though. as the research says on 2040 the last coin of bitcoin will be released. Bitcoin manual Trading, it also requires expertise, you need to know all the potential coins, know every mining term and trading term at the same time, you need to be knowledgeable about cryptocurrency and its performance, then find a best exchanges that fits to your term, you may click that you are agree with there term but later on you if dont like how the company works, you'll say it's a scam without knowing that its part of there term, also some of the trading platform run on networking system that the company will give you commission every time you invite someone, which some of the people hate to do it. which i think is not bad,networking is better than notworking, advantage of trading bitcoin is you need only your phone to do trading, some of the company offers very handy trading which they call automated trading,mean they will do the trading for you. some of it is the very sophisticated stop loss button which stop every time your lossing trade, and its robotics supervise by human. of course its comes with the price its not free, because it also needs a maintenance, at the same time they pay tax,which is a good thing because it means the company is registered,. let me hear your opinion, no hate pls.
wilbur Posted January 6, 2018 #2 Posted January 6, 2018 best way to earn bitcoin ? 1 gambling = riskiest but fastest way to gain profit 2 trading = lesser risky, decent profit and you need to buy tons of patience 3 mining = has a high chance of destroying your equipments if not properly cared. used to be most profitable but right now i think you need a big sum of capital before entering into bitcoin mining
Djlakhany Posted January 7, 2018 #3 Posted January 7, 2018 To be fair, it’s just about doing correctly that matters most. It is pretty much irrelevant side that whether we do trading or mining, as both have their own pros and cons. I think mining is slightly expensive especially if you are focusing on Bitcoin only. Trading is good but little risky, so both have their pluses and minuses. Anyhow, I love trading more and currently, I get huge benefits from https://www.kucoin.com/#/?r=1b7av. They are rare duel thing with being an exchange and also having their own Coin. It comes with epic bonuses giving concept that makes them standout!
oxywizard Posted January 7, 2018 #4 Posted January 7, 2018 On 1/7/2018 at 5:40 AM, wilbur said: best way to earn bitcoin ? 1 gambling = riskiest but fastest way to gain profit 2 trading = lesser risky, decent profit and you need to buy tons of patience 3 mining = has a high chance of destroying your equipments if not properly cared. used to be most profitable but right now i think you need a big sum of capital before entering into bitcoin mining i agree with you mate, gambling and trading is the go to
skillex Posted January 9, 2018 #5 Posted January 9, 2018 I prefer trading than mining pal Trading gives you really greater profit compared than mining most specially if the coin you're mining is in demand so you will get only fewer blocks and cost you sometimes money just for buying hash power.
wilberthh Posted January 9, 2018 #6 Posted January 9, 2018 Gambling is easiest one I think, but the risk is very high. As for trading it's not an easy task, so yeah.. I choose gambling.
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