Post
Topic
Board Economics
Re: Best way for steady income
by
conected
on 31/05/2017, 12:45:10 UTC
I think the best way is with mining, because with mining we can generate the absence of dependence bitcoin with third parties. And with mining bitcoin we get more save.

Many are saying that mining of bitcoin is not profitable anymore, if you are going to build and start your own mining rig.

But with mining of alt coin is going to be profitable and it is one of the best way for having a steady income.

Many of my friends are making some money with that way and they are depending their daily income with it.

Mining bitcoin is not really profitable these days unless in the long term, it is hard to mine bitcoin which you need a super fast mining rig, you need the latest hardware to give you the best performance and also the best profit. You need to be patient because the first profits that you will get is just to get back what you had used to buy the rig.
profitable mining investment entails alot of capital and for this purpose I will not classified it as a way one can get a steady income for an average income earners. I will recommend freelance jobs that pay in bitcoin as the way one can easily get a steady income.

Mining bitcoin is not profitable now but you can mine altcoins that have good reputation in market as if the price of that altcoiin pumps then it can give you best profits on your investments and if you don't have higher capital to invest in mining then better choice would be to invest it in different altcoins and start trading.

Mining is not really recommended now especially for newbies since it takes too much time and less profit better do btc services and trading.

Even trading can be risky for newbies as they don't hold enough knowledge about it and if they invest their money in trading without any knowledge then results won't go in their favor and above all you can never expect a steady income from trading as your income will keep on varying depending upon the profits and loss you make.
Obviously nothing is steady, but it's hard to underestimate just how stupid some traders are.

People who buy into these things are often blinded into their greed and they end up losing money.

Panic and emotions is what makes them sell low and buy high, but in the end, as morally grey as it is, you can make some money from that.
- Sure, very few online jobs can help us have a steady income, trading or mining are also certain risks and profit from both the unstable. With mining, before starting work, we need capital to buy work equipment and we will take a long time to recover capital and earn profits, sometimes we still lose money because because the cost of electricity and the equipment worked damaged. With trading, we can rely on skills and experience to analyze and then make predictions but still very dangerous because the future is unpredictable, therefore want steady income from it is not possible