Re: Cloud mining/Investing or trading on localbitcoins?

Quote from: pacifista on January 29, 2017, 10:49:54 PM

Quote from: miningdude on January 29, 2017, 07:14:31 PM

Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks

I would recommend trading for you , cause investing is a risky thing and you dont have control of your money ,unlike trading where your money is safe and less risk. And also trading gives you easy profit as long as you know what altcoin to buy.

I cannot agree with your point of view, it is all dependant on what you invest in, and what do you exactly want to trade with.
Risk varies from the asset type and also from many other factors and you cannot simply say that trading is safer than investing: it is all up to you, what strategy and techniques you are going to use, and if they are a correct tools to achieve your goals in some specific situation.

Altcoin trading is most difficult if you actually want to get into some new, cheap crypto. You can never have any kind of guaranteee that this alt is not going to get dumped really fast, that is the biggest issue about doing that.