Trading crypto or mining? What to choose?

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Trading crypto or mining? What to choose?

Coin Ceylon Approved Changed status to publish November 4, 2021
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I mine and trade.

Mining is great, I wouldn’t get into right now though. Wait until the next bear cycle. If you get into it now, you’ll have just as much stress trying to get ROI on the mining setup. And the current likelihood of achieving ROI before the peak is low, so you’re better off just using the money you’d spend on the mining setup to buy a stack of coins.

Mining is a lot more predictable when the markets are boring, and when the market is boring that lets you focus on learning all the nuances of mining instead of worrying about if you’ll make ROI before the market crashes.

Think of mining like electricity cost averaging into the market instead of dollar cost averaging into the market. And once you achieve ROI, you get more bang for your buck with the electricity route.

Coin Ceylon Approved Changed status to publish November 4, 2021
0
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