Table of Contents
Is investing in cryptocurrency profitable?
The absolute gain would seem to be ₹10. However, transaction costs could eat away as much as ₹8 and leave investors with a profit of only ₹2. This is similar to how investors play fiat currencies against each other in traditional currency markets.
Is it better to invest in stocks or cryptocurrency?
Cryptocurrency is likely the single most volatile asset in which you can invest. If you want a stable asset, an S&P 500 index fund is usually a safe bet. If you want a speculative asset, an individual stock is a good choice. If you want an extremely volatile asset, crypto can serve that role well.
Which crypto is most profitable?
Ethereum (ETH) Ethereum, the second-largest cryptocurrency by market cap, is known for being one of the most profitable coins to mine. This thriving community has its unique blockchain network with smart contracts that developers can execute without third-party interference.
How to invest in cryptocurrencies?
Choose your crypto exchange. There are a number of exchanges which you can trade crypto on but each person has their own…
Is bitcoin mining still profitable?
Bitcoin mining can still make sense and be profitable for some individuals. Equipment is more easily obtained and various efficiency machines are available. For example, some machines allow users to alter settings to lower energy requirements, thus lowering overall costs.
What is the best coin to mine?
Currently dogecoin is the best coin to mine. Check out this site Cryptocoin Mining Information, Profitability and Calculators. It will give you detailed info on profitability of dogecoins and several other coins.
What is the most profitable mining coin?
As of right now, the current most profitable coin to mine with an X11 algorithm is CannabisCoin (CANN). The most profitable coin to mine changes all the time, often several times within a single day.