Post
Topic
Board Bitcoin Discussion
Re: Buying BTC vs Mining it
by
gabbie2010
on 23/09/2022, 23:59:08 UTC
How about this for an improvement: BTC mining vs. BTC possession. Moreover, what is the reason?

In other words, if I had a 40k right now, should I buy a model such as the Antminer L7, for instance? Purchase a single bitcoin, if that is your preference.
If you see the conditions in crypto are dropping, of course buying Bitcoin is better than mining. One Bitcoin means a lot for now. We must be able to take advantage of this opportunity. Mining is also the best alternative for adding Bitcoin balance, because we have to wait a long time to get to the bull market. But we will have to be patient for some time, as the crypto market continues to dump. So that we get the right price with lower value.
I will also prefers buying bitcoin to mining it, I knew that for a long term perspective buying and hodling it will be profitable, whereas maintenance of the mining equipment plus payment of the electricity bills might incur some expenses and with thousands of miners makes mining more competitive to earn some reasonable amount of money in a long run, however if the price of bitcoin pump a lot of Profits can be made by hodling it,