I know there are different advantages from both but they taste pretty similar. I have found that the ratio of water to coffee is more important. I usually add more coffee because I like it stronger but that gives it a bitter taste. I've also adjusted the water temp. I used to add pretty hot water but that gives it a burnt taste. I really like how coffee tastes with cold water brewed for ab day. It gives it a nutty and even a fruity taste.
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I've been meaning to make cold press coffee but haven't done it.