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RE: Hold Bitcoin VS Bitcoin Cloud Mining - What's the best Investment?
So the price of bitcoin this year has been rocketing. From your research do you know which would be more profitable. Over the course of a year the price of Bitcoin drops from $4,300 to $3,800 ($500 loss). Would the cloud mining than be the better investment than holding bitcoin?
Hi Jordan! :)
Well, I would say this: if the Bitcoin price drops, the mining difficulty will remain the same longer periods of time or it will not increase so... this will give you the opportunity of keep mining Bitcoins at the same rate.
I guess in that situation Bitcoin Mining would be a better investment.
Take also a look at this article: https://steemit.com/bitcoin/@bitatlas/bitcoin-mining-difficulty-is-a-myth
We can correlate the Bitcoin price variation with mining variation, even when Bitcoin price drops.
:)
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