Post
Topic
Board Beginners & Help
Re: Which is more lucrative between mining and trading bitcoins?
by
Taskford
on 17/05/2023, 12:27:06 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?

Depends on your financial capabilities since there's really huge difference between this two selections and consider this things.

Mining you need to put up huge capital since latest or high end hardwares is needed so that you can farm decently and imagine how much it cost to build up since you also need a facility with proper ventilation so that no issue will happen to your mining farm. And you also need big funds to spend on maintenance so think about if you can afford all of this although I can't give any figures but you cam do a research on this.

Trading you can start up using small amount but you also need some time to spend on researching since you need to get updated on the current events on crypto space. Also to many things need to learn especially on your emotional aspect so try to do some trades and you will understand how difficult to execute this especially the market is so unpredictable.