Mining coins save or sell it? - page 12.

fiulpro

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Hello
Well if you are minning and .. Using your money to generate bitcoins, I think its better to choose a middle option.
Nor selling nor saving..but saving a fraction of bitcoins and selling the rest because , due to advent of more knowledge and... Preety good demand for cryptocurrency in the market many currencies are getting launched ..
Even burger king ! What else you could expect.

Thus the crowd is splitting up
And I don't feel that its that safe to invest in Bitcoins , as it was years before.

Thus you never know when the market value of bitcoins is going to decrease, better to not make any mistake and wait for some time and observe the trend .

Then you will eventually know if its safer to sell it or save it. .
Or the middle option 😄

Best of luck

Kabul

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Quote from: Red Fish on October 06, 2017, 10:49:08 AM

If it is BTC or ETH coins you can sale them, but if you hold other altcoins, you can save them. Right now BTC and ETH have quite high price, so you can make some sales. But keep in mind that Bitcoin value can go up, after 6 - 12 months, Bitcoins price can be much higher than right now. ( there can be max 21 000 000 Bitcoins only ) Grin

I think it is better to mine coin which is profitable and use the amount of money that you have to buy altcoin to hold. It is better than mining shitty coin and wait until their price hit the moon

alexsandria

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Quote from: TheLastSpicyTuna on November 26, 2015, 03:36:37 AM

Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.

Can orther explain about its a good point else about the risk its to high to lose to lot on it?

For me I rather save it and hold it because I know that when you willing to wait it is worth it. And all I can say that it is better to hold ans mine some tokens so that when you able to sell it in a higher price in the future, you'll able to earn good and a higher amount. Based on my experience it is good to hold for long term and the income are also best.

Red Fish

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If it is BTC or ETH coins you can sale them, but if you hold other altcoins, you can save them. Right now BTC and ETH have quite high price, so you can make some sales. But keep in mind that Bitcoin value can go up, after 6 - 12 months, Bitcoins price can be much higher than right now. ( there can be max 21 000 000 Bitcoins only ) Grin

_Dawid_

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Mineable coins are by definition well worth the effort of keeping and mining. In my opinion if your coins have very interesting mining ratio like invest:protif you should keep them. If not you decide.

plurred12

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Quote from: TheLastSpicyTuna on November 26, 2015, 03:36:37 AM

Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.

Can orther explain about its a good point else about the risk its to high to lose to lot on it?

Mining coins should be save because saving long term has the possibility earn bigger and greater profit. If i will sell I will just might keep me going in joining the campaigns to earn bitcoins

Kiweikoo

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Quote from: websoftwareengineer on October 02, 2017, 12:36:52 AM

Quote from: TheLastSpicyTuna on November 26, 2015, 03:36:37 AM

Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.

Can orther explain about its a good point else about the risk its to high to lose to lot on it?

In my situation i am selling it as fast as possible because the electricity consumption in my country is quiet high and the profit that i will be gaining will be depending on the amount of money that i will get after paying the electricity bills of the month.

Electricity obviously remains the major challenge anyway when it comes to mining and if that is out of the way, mining is a very good way to make some easy cool cash. Within a short period of time, it is easy to get back one's capital and start making use of the profit and saving some.

kulets

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if you do not really need cash better then save it first in that way you can earn more than you expected.

DIMKAZDS

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Quote from: TheLastSpicyTuna on November 26, 2015, 03:36:37 AM

Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.

Can orther explain about its a good point else about the risk its to high to lose to lot on it?

I think you should hold your coins and not sell them as Bitcoin is gaining popularity everyday which is making it more valuable. Bitcoin still has a lot of potential and it has shown tremendous amount of growth in past couple of years.. If Bitcoin continues to grow at such rate then a prove of 10,000$ can be expected within 1-2 years.
If you plan to sell now, you will only cut your potential profits.

Clairvoyance

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Perceiving events in the future and beyond

Save some and sell some. For me, that is the safest way to get substantial return of investment in mining. Altcoins prices do fluctuate frequently and it is easily affect by FUD. From OP's post dating back 2015, I think he pretty much already sold some and mined a lot of coins.

nl247

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Quote from: Official Armor Ceramics on October 06, 2017, 04:01:05 AM

If I were you, I would save mining coins and than invest them in different projects, especially in ICO projects. This will help you to save your money, to own shares of various companies and to get dividends from its activity.
So, if you have some money, make them work, don't give them possibility to depreciate.

I hope you understand that mining is just like any normal investment and apparently some bills will most definitely be paid. Also, it is an investment that ties down capital for a while before you even start gathering profit, so as far as I am concered, if I were to mine, I will have to pay myself a certain percentage as salary as far as I am concerned instead of just keep saving all, doesnt sound realistic to me. Over time, I can now diversify or expand from the other percentage.

Zagitta

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Presale is live!

Usually miners will automatically sell their coins. It is the safest way to guarantee ROI as the price fluctuates so much still.

SamsungBitcoin

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Quote from: chineseprancing on October 06, 2017, 04:41:18 AM

Quote from: Sled on October 06, 2017, 04:30:40 AM

Quote from: saeyeen on October 06, 2017, 04:26:23 AM

Sell some of the coins to pay your electricity bills and then save the rest wait for the price to be high before selling it so that you can profit more. But for me I think its best to just invest in altcoins than doing mining.

There is an advantage and disadvantage in going to invest in mining. The advantage of mining is you will get a passive income where you don't need to worry about the things like waking up and working to earn money because when you set up a mining rigs then you can earn money while you are sleeping while investing in altcoins is not sure if you will earn or not because they are volatile. So it depends on the risk that a person wants to take.

Yes its true, but I can't see anything wrong on holding coins from mining sites. Because it is your income and they give you a high profit in the future.
In my observation selling of bitcoin now is a good decision but I realized that savings coin is good too because there's a possibility to increase their value in the future. Especially now bitcoin value in the market are increasing too fast.

Its not recommended to hold more bitcoin into mining site which you can not hold the private key, much better all your mined bitcoin will go to your trusted wallet then keep it there for long period of time, it is also good that when the value of bitcoin will increase you can easily sell your bitcoin and make extra income.

Ranly123

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Quote from: TheLastSpicyTuna on November 26, 2015, 03:36:37 AM

Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.

Can orther explain about its a good point else about the risk its to high to lose to lot on it?

If you plan on bigger profit try keeping your coins and monitor the fluctuation on the market and understand its changes. If you think its time to trade it with the higher price then do it. The risk is all up to you to decide though.

chineseprancing

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Quote from: Sled on October 06, 2017, 04:30:40 AM

Quote from: saeyeen on October 06, 2017, 04:26:23 AM

Sell some of the coins to pay your electricity bills and then save the rest wait for the price to be high before selling it so that you can profit more. But for me I think its best to just invest in altcoins than doing mining.

There is an advantage and disadvantage in going to invest in mining. The advantage of mining is you will get a passive income where you don't need to worry about the things like waking up and working to earn money because when you set up a mining rigs then you can earn money while you are sleeping while investing in altcoins is not sure if you will earn or not because they are volatile. So it depends on the risk that a person wants to take.

Yes its true, but I can't see anything wrong on holding coins from mining sites. Because it is your income and they give you a high profit in the future.
In my observation selling of bitcoin now is a good decision but I realized that savings coin is good too because there's a possibility to increase their value in the future. Especially now bitcoin value in the market are increasing too fast.

Sled

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Bitcoin- in bullish time

Quote from: saeyeen on October 06, 2017, 04:26:23 AM

Sell some of the coins to pay your electricity bills and then save the rest wait for the price to be high before selling it so that you can profit more. But for me I think its best to just invest in altcoins than doing mining.

There is an advantage and disadvantage in going to invest in mining. The advantage of mining is you will get a passive income where you don't need to worry about the things like waking up and working to earn money because when you set up a mining rigs then you can earn money while you are sleeping while investing in altcoins is not sure if you will earn or not because they are volatile. So it depends on the risk that a person wants to take.

saeyeen

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Sell some of the coins to pay your electricity bills and then save the rest wait for the price to be high before selling it so that you can profit more. But for me I think its best to just invest in altcoins than doing mining.

Alubert

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Quote from: Official Armor Ceramics on October 06, 2017, 04:01:05 AM

If I were you, I would save mining coins and than invest them in different projects, especially in ICO projects. This will help you to save your money, to own shares of various companies and to get dividends from its activity.
So, if you have some money, make them work, don't give them possibility to depreciate.

Investing in ICO is too risky. You need to understand the underlying assets very well.

Official Armor Ceramics

newbie

Activity: 28

Merit: 0

If I were you, I would save mining coins and than invest them in different projects, especially in ICO projects. This will help you to save your money, to own shares of various companies and to get dividends from its activity.
So, if you have some money, make them work, don't give them possibility to depreciate.

lordquanta

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Quote from: xFiber on October 05, 2017, 12:36:46 PM

Quote from: Monnt on October 05, 2017, 10:57:18 AM

Quote from: boyptc on October 02, 2017, 12:58:05 AM

Quote from: Bacotan Bae on October 01, 2017, 11:15:30 PM

I think mining coins today is very profitable because the price is rising, but the most important thing that we should consider is the price of electricity, if the price is not more than 25 / KWh cent then immediately mining.

Only alt coins are profitable to mine now, for the bitcoin mining it's hard to get now on it because of it's difficulty. And even mining of alt coin now is having it's difficulty increase especially the Ethereum. But there are some alt coins that are good for mining now like xmr. But if you still have those mined bitcoins it's better if you will just hold it until the price of bitcoin fly to the moon.

Most people may not really want to do this considering they do not even have the information they need regarding any investment they can easily embark on. I do not honestly believe in just saving money hoping for the value to increase over time, I want to be able to have more and still benefit from the value increase at the same time. That is how it should be.

Mining coins is mainly profitable because prices rise but the difficulty not so much, over time the difficulty will change accordingly so it will be harder to brake even and turn a profit. The thing with altcoins is that most of them (atleast the small coins) tend to peak at a certain point and then drop down for a couple of months before climbing back up or becoming obsolete. If I were a miner I'd sell my altcoins at the peak and not hold for 6 months. Especially if you're mining multiple coins. The only coin I'm really holding long term is bitcoin.

Mining bitcoin is NOT as profitable as it used to be. Current Difficulty level is proving tough to tackle with. Then there is constant new hardwares being introduced with better power. More powerful miner hardware is helping in mining but the cost of hardware and mainly the electricity cost is major factor. Sooner or later transaction charges for mining block has to be increased.
If mining charges were increased in proportion ration then transaction time will be greatly enhanced. This in turn improve the usability of bitcoin. And miners will be happy to mine or verify the transactions.
As far altcoins are concerned I think some old timer coins which have been there since long time and have solid technical foundation should do good in the long time as well. Look at the dash, ether, monero, litecoin etc. I excluded the ripple because as you mentioned ripple lost its mojo when one of devel announced to donate large chunk to the charity. That incident caused havoc in the ripple market and it is still not in position to make comeback that easily. People lost their confidence and it will take time to get things right.

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