Post
Topic
Board Bitcoin Discussion
Re: Is Buying and Holding the only way?
by
Linhkej
on 25/04/2018, 02:45:12 UTC
i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?  Huh
Trade is a profitable business, provided you have experience in the trade. Mining is a good business but it requires a lot of conditions to be profitable for you. You have to get a cheap power source, you have to have reasonable priced equipment to increase your income. Trade capital and experience only. I think you should choose the trade to make a profit instead of mining.