Topic: Mine&Hold vs. Mine&Sell ? - page 2. (Read 2155 times)

What percent do u guys convert to BTC and what percent hold in altcoins?

Well that's what it boils down to, doesnt it? If you are in position to hold, why sell them? There are big miners out there that influence the price and they pretty much determine the value now. Any altcoin needs to mature and only time will tell if it'll stick around and die off. My advice for determining which'll stay which not, is to look at the community, the coin's target industry or group and don't forget your own gut feeling. It wasnt until after nearly four years that bitcoin skyrocketed, so why wouldn't that be the case with any other coin now being only a couple of weeks old?

If you really need the btc, save a couple of any altcoin you sell off, that's what I do and sure enough from time to time you feel like your holding a big bag of air but you should ask yourself if you're not comparing too much with the current value of bitcoin which, again, took four years to reach this pricelevel. Also beware of greediness, 'you gots to get paid' may be true but could leave emptyhanded if altcoins hit the mainstream; ask any early btc seller.

I can't look into the future but with the current state world ecnomics is in, and the efforts developed by independent communities trying to find an alternative to our current moneys, I like to believe altcoins will be a succes.

Its a point, agree to cycle for better mining hardware.

It is not like that:

Sell - I need money right now
Hold - I can wait like a year for a bigger profit.

Sell = regret selling
Hold = regret not selling

SR shutted down, isnt it?

i meant sell.  we're here to make a prophet, right?

Not sure if I read that right?

Unfortunatly multipools does not provide reasonable income (they are normally lower than if mine one profitable coin directly).

Do u mine on multipools and hoard your BTC's?

Understandable, I guess the trickiest thing is which global economies can cryptocurrencies penetrate further in to. It's hard to say really. The biggest issue is that cryptocurrencies need direct inflow to support market caps. I could imagine market caps continuing to grow, but to reach $1 Trillion would require Y/Y growth of nearly 100% for the next ten years. That's really a lot for any starting cap, more or less for a cap already in the billions.

No links to any formal Analysis, this is a topic of interest I would like to read about further myself. What I discussed above were figures I read on either this site or some similar forum(purely speculative). Right now BTC is around 10b Market CAP USD, in the past year BTC's market cap has grown from several hundred million to up to about ~15billion at its peak, based on the trend of the BTC Market cap, a year from now the cap could possibly reach 30-45billion during the its next peak. As more people learn about BTC and other various crypto-currencies they will mine/invest in Alts as a way to try to make a quick BTC.

Mine at release and sell shortly after is a good strategy. Mine and sell once the coin is no longer the most profitable to mine is a horrible strategy.

But, whatever is sold, I would keep in crypto.

Whoa! $1 Trillion? I need to see that analysis. That's nearly 5% of the US M2 estimate in 2024. And that's nothing to sneeze at...

Could you provide a link to that analysis? I'm very intrigued to how such a high number was obtained...

Someone can correct me if i am being too hopeful and optimistic. First off, I am not saying that all Alt coins will go up in value, but from my perspective Exchanging Altcoins->BTC can probably become its own Financial sector in the future. (It has developed quite fast)

Some of the projected Market caps for Cryptocurrencies will be around 1 Trillion around 2024, looking at some currencies right now for example: TIPS has a market cap of like 1.3-1.6million last I checked. If overtime the cryptocurrency market cap as a whole grows I imagine some of the alts we are holding now could have new caps several times their current values.

Hold for years and years.

I personally do a proportional thing where I dedicate the amount of hashing power needed to meet operating costs + 33% to a multipool where I cash out regularly and use what I cash out for operations + some play money. With my remaining hashing power, roughly half goes to coins that I have feel have strong fundamentals and are good long term, and the other half goes to speculative mining endeavors.

It's worked very well for me thus far. Of course, YMMW...

Haven't cashed out yet. Wishing I'd cashed out a little back when LTC was $50... c'est la vie.

mine/buy weed from SR

Mine and hold the coins you think are going up, mine and sell the coins you think are going down. 

any other advice ?

i have a few coins that i will save but depending on the market i do sell now and again.