Admittedly, this is not a question asked often of BitClub Network members – like myself – but it’s an interesting one..
The answer (in my opinion) lies in two questions:
What’s your risk profile?
What’s your time-frame?
If your risk tolerance is low, you’ll be better off mining crypto-currencies.
If you have a high tolerance for risk, you may want to trade them.
If you want to make money quickly, you may be better off trading.
If you’re looking for an investment that will pay you into the future, you’ll want to mine crypto.
Trading is riskier than mining, but it’s good (or possibly good) for short-term profits.
Mining is longer-term, but it’s safer.
There are of course, exceptions to the rule ie you might want to trade but are happy to hold in that you buy certain coins and wait for them to go up in value over time.
In my two and a half years in the crypto space, I have dabbled a bit in trading, buying coins like Omisego, Litecoin, Cardano, Iota, Dash, Augur, Electroneum, Pivx, Digibyte and Golem with the aim of making quick profits. Unfortunately, I’ve lost on most transactions. This being the case, I’m now a tad cautious. This is not to say through that a lot of people haven’t done well out of trading: many have, and all good to them! (Maybe I’ve just been unlucky, buying the wrong coins at the wrong times..)
To be honest, I FAR prefer focussing on my core business: BitClub Network.
BitClub mines coins on behalf of its members around the world – and if I’m not mistaken, there are now more than 100 000 members, primarily in South Korea, Japan, Malaysia, Dubai, Nigeria, Kenya and here in South Africa.
The mine is in Rekjavik in Iceland, is one of the top ten in the world, and through its mine, mines Bitcoin, Ethereum, Ethereum Classic, Monero and ZCash. It intends adding the mining of Bitcoin Gold to them shortly.
Members buy a share (or shares) in a mining pool and sit back whilst BitClub Network mines their coin(s) over a 1 000 day period. After a 30 day waiting period, members start to earn on a daily basis through the accumulation of partial shares. These partial shares eventually result in the initial share purchase growing a second, third and possibly fourth share. After 1 000 days, the initial share expires and the second, third and (possibly) fourth share starts mining for a further 1 000 days.
In this way, members pay once – and mine for years. (No wonder those who can afford it buy a lot more than ONE share!)
BitClub Network has three pools mining bitcoin (Pool 1, Pool 2 and Pool 3).
One share in each mining pool gives members a Founder’s pool. BitClub Network also has two GPU pools, mining Ethereum, Ethereum Classic, Monero and ZCash ie a GPU pool costing $1 000 and a GPU Founder’s pool costing $5 000.
At the click of a button, one can choose which GPU coin one wants to mine at a particular time. So you can mine – for example – Ethereum this month, Ethereum Classic the following month, Monero the month after, and ZCash the month thereafter. Flexibility is in-built.
Regardless of which pool you choose to buy a share in, all shares need to be paid in Bitcoin Cash.
Anticipated returns (and the word ANTICIPATED is important, as BitClub Network does not – and never will – GUARANTEE a set rate of return) vary between 3 and 10% per month. Some months may yield a lower return, whilst other months may provide a higher return.
Compare these with the returns made possible through trading and, yes, the returns may not excite you (even though they’re exceptional). Truth be told, in the trading of coins, you could double or triple your investment in days. It’s possible. It’s also possible that you could lose your money – something that’s highly unlikely in the mining of coins!
Which takes me back to how I started this article: trading versus mining depends on your risk profile and how much risk you’re prepared to take. It also depends on how long you’re prepared to wait. If you’re a typical “day-trader” with lots of time on your hands, and you like having your nose glued to a computer screen, you’ll want to trade.
If you’re like me – a family man with a wife and kids – wanting to build a business for them for when I’m long gone, you’ll want to mine.
Hope this helps?
Besides being an experienced marketer running a small advertising agency in Johannesburg, Gerard Kavonic is one of the first people to have joined BitClub Network in SA two and a half years ago. He has two websites: www.bitclub.co.za and www.bitclubblog.com and co-runs a growing team around the world. Anyone wanting to join BitClub Network has to register as a free member first. If you’ve already been introduced to BitClub, you should register as a free member under that person. If you don’t have anyone to register under, you’re welcome to register on this link: https://bitclubblog.com/gerard/signup.html Gerard can be reached on +27 83 444 9888 and on the following email addresses: email@example.com and firstname.lastname@example.org skype: gerardkavonic