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All depends on the mindset you have and what you want to do.

Understand the following:

  • Bitcoin is an appreciative currency. Its value keeps on increasing over time.
  • $USD is an inflationary currency. Its value (purchasing power) goes down over time.

If the idea is to hold and use Bitcoin as currency (its intended use) will mining Bitcoin be the most profitable venture long-term as they are accumulating an appreciating asset/currency.
When trading Bitcoin are you always switching between currencies and “taking profit” in $USD (or whatever other currency). They are accumulating $USD (an inflationary currency).

Traders bet for or against the changing Bitcoin value. It is entirely possible (in theory) for traders to make a monthly 500 $USD profit from trading Bitcoin by betting against or for its valuation. Traders making 500 $USD a month in 2020 by “buying and selling” 2–3 Bitcoin back then. At todays Bitcoin valuation (63K) are they still making the same profit by “buying and selling” 0.1–0.15 Bitcoin. The profits made in $USD only compound in $USD and not in the amount of Bitcoin they buy and sell.

Had traders been “mining” Bitcoin would they have been accumulating it.
They would have been accumulating an appreciating asset.
Instead, through the continuous buying and selling, are they accumulating $USD and losing purchasing power over time DESPITE the profits made over time.


Still in doubt if you should start to mine or trade Bitcoin?
Worry not, I’ve got you covered!

In my BITCOIN MINING STANDARD you learn the ropes about Bitcoin mining and how to do so with maximized profit.
In my book CRYPTO BULL you learn the ropes about Crypto trading. The things to watch out for, how to correctly time buys and sells.

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