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Topic: Mining coins save or sell it? - page 68. (Read 106756 times)

legendary
Activity: 1806
Merit: 1024
May 09, 2016, 11:22:12 AM
Here are a few things to keep in mind, if you are mining bitcoins.

1. Never ever mine Bitcoins at a loss. If your mining can't even recover the electricity costs, then stop the mining. Sell your mining equipment, and buy a few coins from the market using fiat.

2. In case you are mining at a profit, then sell 80% of the coins to cover your expenses, and keep the remaining with you.

These are quite normative recommendations. I think a lot of miners continue to use their equipment even when it is not profitable anymore, because they speculate Bitcoin valuation might be higher in future. Also if your equipment is not profitable anymore, you're unlikely to get much if you sell it - so the said strategy might not be entirely stupid (apart from the idealistic motive of strengthening the network).

The same is true, if you are mining at a profit. Why not keep all the Bitcoin, if you still have enough fiat to cover your electricity bill?

ya.ya.yo!
sr. member
Activity: 336
Merit: 250
May 09, 2016, 10:21:26 AM
Mining coins is very profitable because you do not have to invest in the coins but only in a good pc. If you already have a good pc then this is a great opportunity for you to make money.
sr. member
Activity: 336
Merit: 250
May 09, 2016, 09:39:42 AM
If you really needed it to sell now yes you can and if you think you would get profit from it. But me since I don't reach my quota yet, I'm still in saving mode. I am waiting too for the halving because I know the price of bitcoin will increase it is more profitable that time.
yeah it is fair to hear, me too in the same stage, iam just holding some coins and i aimed at some target till that i will save coins and when halving occurs i am sure that the price will hit peaks and if i sell then i can get good amount of profits.
The best thing that you can do with Bitcoin is that you have to save it and that is because the value is going to be more and more and that is quite nice.
But nobody will know of course what the value will be and that is the problem you have to take some risks also.
legendary
Activity: 3766
Merit: 1217
May 09, 2016, 09:35:40 AM
Here are a few things to keep in mind, if you are mining bitcoins.

1. Never ever mine Bitcoins at a loss. If your mining can't even recover the electricity costs, then stop the mining. Sell your mining equipment, and buy a few coins from the market using fiat.

2. In case you are mining at a profit, then sell 80% of the coins to cover your expenses, and keep the remaining with you.
member
Activity: 98
Merit: 10
May 09, 2016, 09:29:29 AM

i would definitely save it all in order to make some good money in the future because the price of the bitcoin will surely grow and make you more money than it would give you now.

after a few decades when the price will be really high i would sell a part of it to make a return of investment and then keep on holding the part that would be left after that.
 

 
 
 
sr. member
Activity: 434
Merit: 250
May 09, 2016, 09:15:00 AM
I think its right now maybe better to save them because of the blocksize that is gonna halve so I think if you hold them from now and than sell them later when the halving is done will let you make some nice profits.
full member
Activity: 239
Merit: 250
May 09, 2016, 09:08:49 AM
The best way is to mine them of course. because mining is for free saving also but you
first need some coins to save them. I prefer mining and saving them at the same time is the best way.
legendary
Activity: 1008
Merit: 1000
May 08, 2016, 02:26:17 AM
I would prefer to buy now and save for the future, as mining is not profitable for me, So its good to save till the halving occurs so can sell when price goes higher.
newbie
Activity: 27
Merit: 0
May 08, 2016, 02:23:30 AM
I don't think that mining is more profitable at a moment its better to buy and save for the future as price will go high at halving so we can sell at that time.

The price will go higher at the halving. But the price is more determined by the actual usage of the bitcoin itself.
sr. member
Activity: 406
Merit: 250
May 04, 2016, 03:18:01 PM
I don't think that mining is more profitable at a moment its better to buy and save for the future as price will go high at halving so we can sell at that time.

Yes it's proftiable but i don't really know what will happen with miners after halving. I think a lot of them will lose many money and will stop mine coins.
hero member
Activity: 924
Merit: 1000
Lick me like a lolipop
May 04, 2016, 09:50:29 AM
I don't think that mining is more profitable at a moment its better to buy and save for the future as price will go high at halving so we can sell at that time.
sr. member
Activity: 350
Merit: 250
May 04, 2016, 09:27:37 AM
If you really needed it to sell now yes you can and if you think you would get profit from it. But me since I don't reach my quota yet, I'm still in saving mode. I am waiting too for the halving because I know the price of bitcoin will increase it is more profitable that time.
yeah it is fair to hear, me too in the same stage, iam just holding some coins and i aimed at some target till that i will save coins and when halving occurs i am sure that the price will hit peaks and if i sell then i can get good amount of profits.
The best thing that you can do with Bitcoin now around this time is that you have to save it and that is because the value around this time is not even that high and that is because it is not rising.
And the most people are hoping of course that the value will rise soon so they can earn all some profit soon.
sr. member
Activity: 476
Merit: 250
May 02, 2016, 09:21:23 AM
The best thing that you can do now is that you have to hold it because the value is not even that high now and that is the problem because you want of course make some profit.
And it is now not possible to make money with it because the value is not that high now and it takes time to rise so we have to wait for it.
hero member
Activity: 2646
Merit: 548
DGbet.fun - Crypto Sportsbook
May 02, 2016, 05:35:25 AM
Save the coins. Wait for its value to rise before selling it.. Cheesy

Yeah till the days of halving, saving the regularly mined coins is the best decision as halving is to give promised returns.
sr. member
Activity: 420
Merit: 250
May 02, 2016, 04:21:24 AM
If you are mining coins then it does not really matter if you sell them right away or save them for the future. Either way you will make a profit so it is really up to you.
If you want to make more money then waiting for the price to go up is the option to choose, if not then sell them right away.
member
Activity: 70
Merit: 10
May 01, 2016, 02:10:01 PM
Save the coins. Wait for its value to rise before selling it.. Cheesy
legendary
Activity: 1946
Merit: 1137
April 30, 2016, 01:45:44 AM
It is not that bad to sell it now indeed but if you have the patience than I will use it and wait a longer time because maybe it will be more worth in the future and that would be nice.
But yeah you never will know what is going to happen with Bitcoin and that is the problem and also risky.

you either have to be a trader to sell when the price goes up and then buy after it takes a hit and in the dips, or you have to be a holder, someone who buys, earns bitcoin and then holds it for the real rise to sell at the highest price and make the biggest profit then buy back after a couple of months.
sr. member
Activity: 363
Merit: 250
April 30, 2016, 01:30:33 AM
It is not that bad to sell it now indeed but if you have the patience than I will use it and wait a longer time because maybe it will be more worth in the future and that would be nice.
But yeah you never will know what is going to happen with Bitcoin and that is the problem and also risky.
legendary
Activity: 2688
Merit: 1106
DGbet.fun - Crypto Sportsbook
April 30, 2016, 01:00:01 AM
If you really needed it to sell now yes you can and if you think you would get profit from it. But me since I don't reach my quota yet, I'm still in saving mode. I am waiting too for the halving because I know the price of bitcoin will increase it is more profitable that time.
yeah it is fair to hear, me too in the same stage, iam just holding some coins and i aimed at some target till that i will save coins and when halving occurs i am sure that the price will hit peaks and if i sell then i can get good amount of profits.
hero member
Activity: 2464
Merit: 594
April 30, 2016, 12:01:20 AM
If you really needed it to sell now yes you can and if you think you would get profit from it. But me since I don't reach my quota yet, I'm still in saving mode. I am waiting too for the halving because I know the price of bitcoin will increase it is more profitable that time.
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