Mining coins save or sell it? - page 14.

Monnt

legendary

Activity: 938

Merit: 1002

Quote from: boyptc on October 01, 2017, 11:58:05 PM

Quote from: Bacotan Bae on October 01, 2017, 10:15:30 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.

BTCmax24

full member

Activity: 140

Merit: 100

Its much better to save it. There are no reason to sell it, and you must also look at the value. You can see that the value is not that high.
So you wont get that much money from it. We all hope later that it will rise and that we can sell it with profit. That's why you should use your bitcoins to save them for later and than make more profit than sell them directly. I don't think that mining can be profitable with this price, its better to buy and hold it for few months, so you can sell it at the higher price at the time of halving.

nethan1btc

sr. member

Activity: 574

Merit: 250

Quote from: Watjila on October 05, 2017, 03:00:41 AM

Quote from: zzSunZZ on October 03, 2017, 11:34:32 PM

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just starting, but that’s my own opinion and you shouldn’t consider that as investment advice as well. You should figure out by yourself about at that moment, the price is good or it isn't. You have to do it by yourself cause you will not regret it if it's not success at all. Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electricity. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

That is right. For the time being, it is better to save most of the coins and use the rest.

You're right, but the time you need it the most,much better to trade it if necessary you must be clever and active because its really important to sell it at the right time as if you wait longer then there is a chance that altcoin will simply disappear and that will be a big loss for you.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Ayush rana on October 05, 2017, 03:56:19 AM

Due to increase in the bitcoin value. I think it is good to save the mining coins for future and then sell them with a bit high price, which helps to make profit.

That is also what i am talking about. Mining coins are great because it is serving like a passive income to us where we don't need to work hard everyday to just earn money because we can completely earn money without doing anything. If you will mine coins then you need to save them for the future and only sell the coins that is enough for your expenses.

Ayush rana

full member

Activity: 476

Merit: 103

Due to increase in the bitcoin value. I think it is good to save the mining coins for future and then sell them with a bit high price, which helps to make profit.

spyerf

full member

Activity: 378

Merit: 103

better save it, I'm sure if we save a lot then if there is a soaring price changes here we take the opportunity to sell our savings. then I am sure we will generate many benefits from it. so save it first then sell at the right time.

Watjila

newbie

Activity: 58

Merit: 0

Quote from: zzSunZZ on October 03, 2017, 11:34:32 PM

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just starting, but that’s my own opinion and you shouldn’t consider that as investment advice as well. You should figure out by yourself about at that moment, the price is good or it isn't. You have to do it by yourself cause you will not regret it if it's not success at all. Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electricity. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

That is right. For the time being, it is better to save most of the coins and use the rest.

zzSunZZ

full member

Activity: 126

Merit: 100

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just starting, but that’s my own opinion and you shouldn’t consider that as investment advice as well. You should figure out by yourself about at that moment, the price is good or it isn't. You have to do it by yourself cause you will not regret it if it's not success at all. Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electricity. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

arseaboy

hero member

Activity: 644

Merit: 500

Quote from: kidsuzudn on October 03, 2017, 11:26:02 PM

It's actually depends. In normal, they will sell the coin if the price is going down and keep the coin if the price is going up. But if it happens to me i will do the opposite thing. I will sell when it's going up and i will keep it when the price is going down. Cause this method will protect my profit as well as earning more.

I don't know why people panics when the value fell even miners also do the same, mining business depends on how your attitude towards your mined coins and if you trust such project its much better to leave every coin you have just use fraction of it to cover your monthly expenses.

kidsuzudn

full member

Activity: 126

Merit: 100

It's actually depends. In normal, they will sell the coin if the price is going down and keep the coin if the price is going up. But if it happens to me i will do the opposite thing. I will sell when it's going up and i will keep it when the price is going down. Cause this method will protect my profit as well as earning more.

STT

legendary

Activity: 4102

Merit: 1454

Mining coins also has to cover the cost of electricity though so you dont exactly have the option to not sell. That would be speculating and possibly leading to loss, bitcoin price wont always be going up though in 2017 its grown alot I know.
I would judge when bitcoin trend is up or reasonably level and then hold. If its already risen greatly without any pullback, its time to pay the electric bill off just to put it that way not that Im suggesting holding dollars is going to be better but do pay bills when you got it not just when forced to.

lazaruseffect11

full member

Activity: 161

Merit: 100

Quote from: TheLastSpicyTuna on November 26, 2015, 02:36:37 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?

It is a good idea to earn bitcoin by mining. There are some softwares and hardwares that can be used in mining to generate more bitcoin. If you have earned a lot of bitcoin through mining, i suggest that invest it and wait for the price of bitcoin to go higher. Just learn how to manage the bitcoin that you earned and invest as well as monitoring the price of the bitcoin since it is unstable.

Rinder

hero member

Activity: 868

Merit: 500

I do know some people wich had built their own rigs and somethign they didnt consider were price could crash, a lot of them had put their machines for sale since they were considering to pay the credit card with the earnings, but since the coins has turned into a loss most of those rigs are stopped and for sale. I dont know about bitcoin mining, but mining nowadays its a risky game, where isnt easy to roi, the strategy from the olders and experienced people they save the mined coins and wait for a better value, since they have some money to cover the mining costs.

ivanst776

legendary

Activity: 1540

Merit: 1003

Quote from: emezh10 on September 30, 2017, 08:06:17 AM

Quote from: mouneshwar123 on November 26, 2015, 07:08:39 AM

Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.

Actually most of mining sites require an initial deposit for you to deal or to mine a specific coin. And we could hide the fact the if we are going to choose to sell it early , could not earn more or we could also loss a part of our initial deposit. So the best thing to consider to do is to save at first and then look at a way for you to actually deal with long term investments so you could have a profit with the used of the coins you've mine.

It is probably silly like you said but not silly if you have some saved in your wallet considering the value increase over time. Who does not want some extra cash in the next few years from their saving.

Most especially a huge percentage that no bank can ever give or offer you. However, if you know you have some extra cash to always play with without having to touch your bitcoin, I see no reason why it should be silly to leave your bitcoins intact in your wallet.

delta force

newbie

Activity: 2

Merit: 0

Quote from: TheLastSpicyTuna on November 26, 2015, 02:36:37 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 the results of the mining is done better to sell it and store it in the form of bitcoin or eth according to me it is better because the investment in the two coins is very profitable.

robotrobert

full member

Activity: 406

Merit: 101

Quote from: doomloop on September 14, 2017, 07:39:58 AM

Quote from: 2hot2handle on September 12, 2017, 08:52:19 AM

It would be better that you will save it so that you will gain more profit that selling it right away. But the problem is you have to pay for your electricity bill and to cover that expenses you need to get it from the coins you mined. That is why its not advisable to do mining when your electricity rate is high. I suggest its better to do trading that mining instead of buying mining rig use the money to buy altcoins instead.

You are right dear mate because it is the good option I think it is good to sell the bigger part of the mined coins to pay your tax and the other expenses because it is good to pay tax with bitcoin than breaking your bitcoin but it depends on your will that you want to sell it or save it so do what makes you happy but according to me it is good to save your bitcoin than wasting it.

I think it totally depends upon the quantity of bitcoin you have in your blockchain wallet. If it is more then you should sell some of them or convert them into your fiat currency to meet the daily expenses of your family. And if the quantity is less then you should save it for your future and when the price go up then sell them and earn more and more money. But never sell your bitcoin on low price.

fiulpro

hero member

Activity: 1890

Merit: 831

Well minning is costly too... So if you are minning to get a certain amount of bitcoins you should wait till the price gets stable...then you should sell the required amount that you used up in minning to make sure that you are at no loss situation ...and then invest the remaining amount in the market and.. cash them out whenever you feel like..in this way you will never be at a loss.

Best of luck with that

perfect999

sr. member

Activity: 1694

Merit: 299

Quote from: Shomeare1932 on September 29, 2017, 10:46:17 PM

I mine the bitcoin indireclty from mining the altcoins. I use the bitcoin sometimes to get issues. I conserve the rest.

It all depends on the market value of that coin which you have. If you own coin like Bitcoin, then holding it is the best option if you want to have a good amount of profit. On the other hand, if you have ETH or altcoin then holding is not the best option. These ETH or altcoin is only recommended for day trading not holding.

Senja Kemuning

sr. member

Activity: 553

Merit: 250

Unfortunately I've sold 3 units of S7 from bitmain a year ago, as calculated the cost of electricity and maintenance in my place if bitcoin price more than $ 2500 then I can profit, and with the price of more than $ 4400 then with 3 months I've RoI.

voztata

hero member

Activity: 998

Merit: 504

Quote from: FJNuñez on September 24, 2017, 11:08:59 AM

If you are actually able to profit from mining bitcoins then you should most definitely save it as the value will grow over time significantly so it's best to get comfortable sending, receiving coins and storing keys.

After mining coins, it’s good to save them and not sell immediately. But if it happens that there is a pump at the time you were saving it, I would say sell some, and not all to benefit from the pump that’s taking place.

Topic: Mining coins save or sell it? - page 14. (Read 106756 times)