**BITCOIN MINING VS BITCOIN TRADING WHICH IS MORE PROFITABLE?**

in #bitcoin7 years ago

BITCOIN TRADING
Basically talking about the buying and selling of bitcoin. This works in a simple way buy BTC when the price is low and sell when the price is high. Although I said BTC trading works in a simple way, it requires lots of experience and good knowledge of the crypto market.
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Take for Example; Someone bought BTC for $14000 and the price went up to $16000. And that someone decides to sell. Roughly 14% profit will be made of any Amount was put Initially. As easy and simple as this sounds this might not be the case all the time. Loss can also be incurred sometimes.

From what I've written so far I'll like to point out that both bitcoin mining and trading depends majorly on the price of BTC. For as long as the price keeps surging up. A trader will continue to buy at a low and sell at a high price. A miner will keep making profit even though the difficulty of mining increases.

Kindly feel free to upvote and resteem thanks

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