Topic: Mining Altcoins or buying them from mined ethereum ? Strategy ? (Read 148 times)
Most of the time I mine the most profitable and use it to trade into a diversified portfolio. But sometimes, I see a promising up and comer and take a 24-48 run on it to hold for a profit target. There's so damn many out there, it will be very hard to pick out "the one" and the next big thing might not even be mineable.
I think it is good to diversify into a few different coins. Not a bad idea to hold a small position in a speculative coin. I have bought those small positions with my mined coins. Only time will tell if I made good picks, but even if I didn't I am only losing mined earnings 
Hi guys,
What do you think will get me more altcoins. Mining it or buying it from mined ethereum.
Just in general, what will be better for new altcoins or unpopular or popular altcoins (if it makes any difference).
What do you think will get me more altcoins. Mining it or buying it from mined ethereum.
Just in general, what will be better for new altcoins or unpopular or popular altcoins (if it makes any difference).
I mine some altcoin / shitcoins from time to time. I mined a lot of ETN and so far that has not paid off. I've mined tooooo many TRTL (lol) and I'm sure that will never pay off.
Generally I min ETH and use some to buy a few of my favorite alts.
I see a lot of people still mine ETN like crazy. TRTL is still very new, I think it will pay off once the market goes up this yr.
It's all about timing and risk tolerance. In a bull market when coin prices are on an uptrend and mining difficulty is increasing, you can accumulate more coins for the same amount invested by purchasing coins directly, but since you only make money if the price when you sell is higher than what you paid, there is more risk. Mining coins allows you to accumulate coins at a lower price than buying them directly, so you have more room to sell at a profit in a market downturn. With a mining rig you can also spread your risk by diversifying in different coins without having to risk more capital. You also have an asset than can be liquidated to recoup much of your initial capital.
If your goal is to diversify in coins by mining and it's on an exchange, it makes more sense to mine the most profitable coin for your rig and trade for the other coins as you get payouts rather than mining a less profitable coin directly.
If your goal is to diversify in coins by mining and it's on an exchange, it makes more sense to mine the most profitable coin for your rig and trade for the other coins as you get payouts rather than mining a less profitable coin directly.
Currently I mine eth. I was thinking of investing into some altcoins that I think will have some future. I think I can solo mine them too (not sure though).
Looking at current market conditions do you think I should mine those coins or just buy them from exchange. I want them anyway.
Hi guys,
What do you think will get me more altcoins. Mining it or buying it from mined ethereum.
Just in general, what will be better for new altcoins or unpopular or popular altcoins (if it makes any difference).
What do you think will get me more altcoins. Mining it or buying it from mined ethereum.
Just in general, what will be better for new altcoins or unpopular or popular altcoins (if it makes any difference).
I mine some altcoin / shitcoins from time to time. I mined a lot of ETN and so far that has not paid off. I've mined tooooo many TRTL (lol) and I'm sure that will never pay off.
Generally I min ETH and use some to buy a few of my favorite alts.
It's all about timing and risk tolerance. In a bull market when coin prices are on an uptrend and mining difficulty is increasing, you can accumulate more coins for the same amount invested by purchasing coins directly, but since you only make money if the price when you sell is higher than what you paid, there is more risk. Mining coins allows you to accumulate coins at a lower price than buying them directly, so you have more room to sell at a profit in a market downturn. With a mining rig you can also spread your risk by diversifying in different coins without having to risk more capital. You also have an asset than can be liquidated to recoup much of your initial capital.
If your goal is to diversify in coins by mining and it's on an exchange, it makes more sense to mine the most profitable coin for your rig and trade for the other coins as you get payouts rather than mining a less profitable coin directly.
If your goal is to diversify in coins by mining and it's on an exchange, it makes more sense to mine the most profitable coin for your rig and trade for the other coins as you get payouts rather than mining a less profitable coin directly.
Hi guys,
What do you think will get me more altcoins. Mining it or buying it from mined ethereum.
Just in general, what will be better for new altcoins or unpopular or popular altcoins (if it makes any difference).
What do you think will get me more altcoins. Mining it or buying it from mined ethereum.
Just in general, what will be better for new altcoins or unpopular or popular altcoins (if it makes any difference).
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