Post
Topic
Board Beginners & Help
Re: Which is more lucrative between mining and trading bitcoins?
by
Cookdata
on 26/05/2023, 06:54:15 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?

Are you sure your financial status can mine bitcoin, I'm not sure about that, perhaps maybe trading will help you provide for your family bills. There is no way you can mine bitcoin now without breaking the bank except you mean mining altcoins and that is not a lucrative business as they are not as valuable as the price of bitcoin. I suggest you try trading since you are conversant with Youtube, try paper trading with the tutorials online and see for yourself if trading will favour you in the future or not but I repeat, do paper trading before you indulge in full trading otherwise you risk losing all your money if trading goes south.