what's up guys in this video we will be talking about mining versus trading crypto or buying
crypto I'm not a professional advisor but let's get into it all right guys so we will be using
several articles for this video for me to explain to you what Mining and trading is let's go ahead
and start with what mining is all right so the basic definition of mining is the process that
Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions
mining involves a lot of different things you have expenses for all of the peripherals like the
computer that you'll be using the electricity that you will be using if you need to rent out a space
to get all the mining rigs in there those are the things that you have to consider if you want to
get into the mining of cryptos it involves vast decentralized networks of computers around the
world that verify and secure the virtual ledgers that document cryptocurrency transactions so that
is the one for Mining and then trading guys on the other hand can be rewarding but not without
the risk so trading is very risky especially if you are new in the crypto space I would
strongly suggest that you study the fundamentals first go ahead and check out our Channel we also
created a lot of informational videos that would definitely help you out in your journey in the
crypto industry all right so even though you could trade with almost any amount guys you
need to make a large deposit to make a lot of money meaning you need money to generate money
all right so the larger the deposit the higher the earning potential higher risk High rewards
all right I'm not sure if you have already heard about that but if you're like an intermediate or
has been doing a lot of trades in the crypto space for the past couple of years or months
then high risk High rewards is something that you already know so some trading types also allow you
to trade crypto with leverage however if you trade leverage yes there's a possibility that you could
earn more but if like your Tech technical analysis or your study or your research goes on the other
way then you lose more right that is how leverage does it and we also have videos of that in the
channel mining could let you generate a consistent income stream but factors like bitcoin price you
have electricity price you have the graphics card prices the computer prices and all those
stuff you have to consider those in your initial investment now furthermore you must invest in a
lot of Hardware before you can even begin mining so that is crypto mining all right so there are
many cryptocurrencies guys that you could mine but not all of them use that method to verify
transactions specifically you want to look at the cryptocurrencies that use a proof of work and
these are some suggestions you have this container all right so Cadena is a cryptocurrency built for
business empowering Global Financial systems it is one of the more profitable cryptocurrencies when
you mine it with the Asic or Asic next one would be the Ergo all right let me go ahead and show you
that one it is a platform designed to provide an efficient way to implement Financial contracts on
blockchain and because Ergo is resistant to Asic mining you can mine it using a GPU or the graphics
card all right so next one guys would be this one the Dodge Coin all right Dodge Coin is a meme coin
all right you're not familiar with a meme coin go ahead and check out our Channel we also created
a lot of videos that talks about that it started as a joke and it has became an extremely popular
crypto token in 2021 and it's possible to make a profit mining out of that with an Asic so on a
notable cryptocurrency guys that I would recommend mining is Bitcoin all right Bitcoin is the most
popular token that people might and there are so many miners competing to earn rewards and it's
extremely difficult to make a profit with Bitcoin minings meaning you would need to spend a lot more
investing on your equipment for you to be able to make a good amount of Bitcoin tokens all right so
there are also a lot of uh misconceptions in terms of uh making an investment so these are actually
some of the reasons why why do people fail and quit making an investment in cryptocurrency guys
because this is very volatile again you can make millions in a snap you could also lose millions
in a snap or you could get bankrupt right so people always study and do their own research
before making their trades you can't use this as like you're gambling wherein you just invest into
one token and then hope the mankind that you know it will pump and you would get Revenue it's not as
easy as that guys so there are a lot of missing conceptions approximately on how crypto trading
works and plenty of humans expect that they are able to do the same things with crypto as they do
with shares or foreign money markets or the like the foreign exchangers foreign stock market or
something like that however there are essential variations among them that human beings want to
apprehend so this is not your usual Stock Exchange or foreign exchange wherein you know when you do
your research it depends on like the books of the company on how the stocks goes up and down you
huddle and then you make you know wise decisions and all those good stuff in crypto yes you can
make calculated risk but again guys even the most expert or Advanced crypto Traders still afford
to lose money in terms of investing because you know it sometimes crypto tokens or crypto
currency in general is very unpredictable doing your technical analysis or your research just
just reduces the risk of you losing but it does not eliminate the fact that it could go worse
right so again I would strongly suggest that you start off with learning the fundamentals first
learning technical analysis and then start from there if you are new to the channel guys I hope
you would consider clicking that subscribe button and click that Bell that way you will always
be notified when we upload new videos in the future I will see you on the next I'm out peace