Post
Topic
Board Beginners & Help
Re: Which is more lucrative between mining and trading bitcoins?
by
Rigon
on 17/05/2023, 11:33:31 UTC
I am looking to start my Bitcoin journey from somewhere that would be of advantage to me as the economic situation in my country bears down hard and with having family to Carter for, it is rather exhausting.
Without much physical mentors with real life experiences except for YouTube and this forum where I feel I can ask good questions and be answered well, am asking, which is the more lucrative endeavour for a newbie hoping to benefit from cryptocurrency at first between Bitcoin mining and Bitcoin trading?  

Are there other Bitcoin endeavours one could be interested and invested in, other than trading and mining?
Since mining requires enough bitcoins and mining equipment and a lot of electrical supplies to start, you may not be able to pay that much in the first stage, which makes mining not suitable for you. On the other hand, trading platform is a very risky business. You can easily earn money from trading, but your chances of losing money are high in trading platform. Still if you can master the trading from the trading platform then you can earn money from it. You can't make money from trading platform very easily, to make money here you need to be very knowledgeable, be patient, avoid greed, have strategy, then you can make money from trading. Finally I can say that mining is much more profitable than trading. You can get hurt from trading but you can't get hurt from mining.