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Re: "Bitcoin mining is a Big no!"
by
Ericgreen
on 18/10/2018, 12:32:42 UTC
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?
the decision is in your hands, if you want to get a lot of bitcoin you can do it by mining, but in this way you need huge capital for the mining needs.
according to my advice, you should just do trading to get a lot of bitcoin, with your diligence and ugliness you might be able to generate bitcoin with a lot.
Agree with the discussion, it is all about us, if we will have enough money to manage the expenses I am sure we will get huge amount of profit, mining actually gives better profit but it takes time and needs money to use, now a day we are able to see mining is making bigger scope in market because mining has become a solar system holder and we can use solar system to generate better profit from mining.
Bitcoin mining is no more profitable in this price therefore most of the miners think to start some other job or work. They think that if the price of bitcoin falls a bit more then there would be no bitcoin mining and the supply will be reduced more. This is not good for overall bitcoin because the investors will be low and so the use. Minimum price of bitcoin should be atleast $6000.