Topic: AltCoin Mining / Portfolio (Read 440 times)
Your plan looks like it is very sensible and a good idea you have factored in expansion. Others would say hold nearly everything.
For current price, personally I will convert all income to Altcoins, hold and keep watching
Same here
Yes if your mining total shitcoins dump it all. I'm glad I dumped 75 percent of my signatums at $ 0.13 cents. Now it's below a penny. 13x losses. Alts can be risky and even mining them can be a total loss. Diversify when mining.
For current price, personally I will convert all income to Altcoins, hold and keep watching
not much experience but altcoins may need a couple of years to "mature", and i would go 50% keep, and 50% to BTC (when there is a price jump). sometimes even 100%to BTC if u feel theres no future in an alt.
i would keep most of my money in btc.. i think its a better investment
i would keep most of my money in btc.. i think its a better investment
I currently don't have any ether as most of the time, other coins are more profitable(mining with 1070s and amd 1700x). Perhaps I should mine some ether also, but also considering BTG when it releases although there is a lot of skepticism around it.
Thanks for the advice, I value your suggestions and will take into consideration
I'm still in the initial stages of setting up my operations and thought I should set a strategy which I can refer back to, if at any point I get lost and forget my original goals.
Thanks for the advice, I value your suggestions and will take into consideration
I'm still in the initial stages of setting up my operations and thought I should set a strategy which I can refer back to, if at any point I get lost and forget my original goals. I've started mining the past few months I've began my journey into mining. So far I've got some GPU Rigs and have ASIC's on order as well from BitMain as well.
My question is in regards to what people are doing in terms of portfolio, how much do you keep and how much do you trade to btc/cash?
I'm really conflicted in terms of making decision as to how much % to hold of altcoins before converting into BTC and convert rest in cash. What are thoughts on this model??
LTC - 40% hold // 60% -> BTC
DASH - 30% hold // 70% -> BTC
ZEC - 20% hold // 80% -> BTC
ZEN - 25% hold // 75% -> BTC
XMR - 15% hold // 85% -> BTC
BTC - 50% hold // 50% -> Cash
Cash utilised for expenses and expansion of operations...
20% = Expenses
30% = Expansion
My question is in regards to what people are doing in terms of portfolio, how much do you keep and how much do you trade to btc/cash?
I'm really conflicted in terms of making decision as to how much % to hold of altcoins before converting into BTC and convert rest in cash. What are thoughts on this model??
LTC - 40% hold // 60% -> BTC
DASH - 30% hold // 70% -> BTC
ZEC - 20% hold // 80% -> BTC
ZEN - 25% hold // 75% -> BTC
XMR - 15% hold // 85% -> BTC
BTC - 50% hold // 50% -> Cash
Cash utilised for expenses and expansion of operations...
20% = Expenses
30% = Expansion
What would you do with ethereum?
With the current rates/valuations for altcoins, i suggest you HODL 100% of your mining revenue.
The recent bitcoin price surge has caused altcoin values to sink down to all time low levels (52-week comparison). If you can spare fiat to pay for your monthly mining expenses that would be best and will profit you more in the long run. Only sell altcoins when they pump. Sell 100% then buy some back when the pump ends.
The recent bitcoin price surge has caused altcoin values to sink down to all time low levels (52-week comparison). If you can spare fiat to pay for your monthly mining expenses that would be best and will profit you more in the long run. Only sell altcoins when they pump. Sell 100% then buy some back when the pump ends.
I personally mine as much as I can and wait till 1-2 years before i sell for btc or fiat. I sell a little when there is a price pump.
You would be very foolish to sell your alts at these crazy low altcoin price which can barely break even with electricity.
Best to sell some of your asic coins as those have high value and good gains like bitcoin, litecoin.
You would be very foolish to sell your alts at these crazy low altcoin price which can barely break even with electricity.
Best to sell some of your asic coins as those have high value and good gains like bitcoin, litecoin.
I started with mining in the previous months and well into my journey into mining. So far I've got some GPU Rigs and have ASIC's on order as well from BitMain as well.
My question is in regards to what people are doing in terms of portfolio, how much do you keep and how much do you trade to btc/cash?
I'm really conflicted in terms of making decision as to how much % to hold of altcoins before converting into BTC and convert rest in cash. What are thoughts on this model??
LTC - 40% hold // 60% -> BTC
DASH - 30% hold // 70% -> BTC
ZEC - 20% hold // 80% -> BTC
ZEN - 25% hold // 75% -> BTC
XMR - 15% hold // 85% -> BTC
BTC - 50% hold // 50% -> Cash
Cash utilised for expenses and expansion of operations...
20% = Expenses
30% = Expansion
My question is in regards to what people are doing in terms of portfolio, how much do you keep and how much do you trade to btc/cash?
I'm really conflicted in terms of making decision as to how much % to hold of altcoins before converting into BTC and convert rest in cash. What are thoughts on this model??
LTC - 40% hold // 60% -> BTC
DASH - 30% hold // 70% -> BTC
ZEC - 20% hold // 80% -> BTC
ZEN - 25% hold // 75% -> BTC
XMR - 15% hold // 85% -> BTC
BTC - 50% hold // 50% -> Cash
Cash utilised for expenses and expansion of operations...
20% = Expenses
30% = Expansion
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