So I recently got into bitcoin, I can see there is definitely good profit potential so I'm curious on how possible it is to making a living off of it. Mainly on mining but in still figuring out trading.
I bought an Avalon 741 and also using a few high end gpus for mining and making a decent profit on that. (Gpus in 2 gaming pc's I built and a gaming laptop so they just mine when I'm not using them) Currently on nicehash1 but I'm also curious about switching to an actual pool.
I'm thinking to expand and build a mining farm eventually and I think I have a solid plan for that for the next couple years. Basically just buying miners with profits from miners and eventually I know I'll need some kind of warehouse to put them in.
I'm also interested in trading but I don't fully understand it yet.
Any insight and advice would be great, thanks.
Seems like you've got a lot of plans ahead. Stick with mining for the meantime since that is where you are most comfortable with at the moment. If you want to go into trading, start with a small amount just to test how the system work. This way, it wouldn't hurt you that much if things don't go well. The crypto market is so dynamic and volatile that we wouldn't really know what to expect. So better have a feel of it first before going all out. I don't know if you have made certain moves to materialize your plans from the time you posted this topic. If not, it would be practical to consider what I have stated.