Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
Bitcoin mining is not meant for everyone, there are people it is meant for and thats those that can afford it. If youre not interested, there are others who are and they are gaining much from it, despite it doesnt work for you. I havent done any of them, but my friend is into cloud mining and recently he complained that its no longer good as it used to be in the past. Im looking forward to trying that cloud mining, its best to experience and know if its good or not.
One of my friends told me that if the price fall more then there wills no miner in the market. You will see no more mining because the mining expenses are high and if the price reduces they will get no money, while they will have to tolerate the expenses of mining. It would be a compulsion for them to stop mining. The profit is reducing with every passing day.