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Topic: Mining coins save or sell it? - page 18. (Read 106756 times)

hero member
Activity: 2828
Merit: 611
August 30, 2017, 06:00:50 AM
I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining.
Yes, mining is a tough job and requires a lot of technical knowledge. Only a small portion of bitcoin users have earned bitcoins with mining, rest have grabbed them via signature campaigns or trading. No matter through which method you have earned bitcoins, save them because they are digital diamonds.
legendary
Activity: 3052
Merit: 1273
August 29, 2017, 12:15:53 PM
Whatever you would have mined since 2015 (as the thread was started then), you must have got some real handsome profits atm because most of the alts too had some serious rallies in the past few days. But it is my serious advice to you or anyone involved in Bitcoin mining activities to please hold their Bitcoins currently as the price will not be this cheap [YES I MEAN IT, IT'S STILL CHEAP ATM].
legendary
Activity: 2674
Merit: 1048
August 29, 2017, 12:01:25 PM
If you are specifically mining for bitcoin then might as well saved for the next years. But if it's an altcoin, I'm not really quite sure unless it's a promising coin or it belongs to the top 20 markecap then you can also save it. If you are mining for some scamcoins then sell them right away.
yes to make your roi considered faster later you might save your bitcoin and wait the value getting higher . it's worth to do that especially when you do it with a free  money that you won't need it in the near future , just like put it as an investment and forget it.

and for altcoin itself prefer to choose the biggest one to reduce your risk to get nothing.
sr. member
Activity: 1022
Merit: 280
August 29, 2017, 11:31:18 AM
If you existed Bitcoin, that save it. If you end up existing at these other side coins did you want to change into Bitcoin and save there. You're not going to want to hold on to any of these other coins for any longer than possibly overnight.
sr. member
Activity: 700
Merit: 300
August 28, 2017, 03:34:46 AM

If you are specifically mining for bitcoin then might as well saved for the next years. But if it's an altcoin, I'm not really quite sure unless it's a promising coin or it belongs to the top 20 markecap then you can also save it. If you are mining for some scamcoins then sell them right away.


Yes that is the one god way to divide the mined coin and according to their category decision should be taken whether they should be sold immediately or wait for the longer times. Bitcoin if I'm mining it then of course I should save it for very long time and expect the price rise of double than the current one. Just imagine bitcoin mined at 4.5K USD and sold at 10K USD in next year would be dream come true.

For the altcoins I would say there is lots of risk. They have tendency to drain completely within days to months of period. They can't be trusted and after having big market cap also they can lead to distater due to unethical dumping of the coins. So better sell right away, after mining.
newbie
Activity: 2
Merit: 0
August 26, 2017, 04:11:42 PM
I strongly think you should keep all the coins you can and sell the bare minimum just to cover your fees or buy new hardware. Bitcoin price will rise in the future just as it did, so that would not be a good idea to sell it right now if you do not expressively need it.
sr. member
Activity: 830
Merit: 258
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
August 26, 2017, 04:00:29 PM
I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining.
You think that mining is the best way to earn bitcoin?? well I think you are totally wrong. Because mining is something that a newbie does who does not have much knowledge or much experience to trade or do any other thing. Technically trading is the best way I think. Because it involves many things like mind using, strategy making, planning properly, being patient and many more.
I agree with your're words, but anyway it is a kind of gambling i would better recommend for people to invest money for long perspective because that will bring more stability and more income without using a lot time just monitoring the price and it will be a lot more safer     
sr. member
Activity: 630
Merit: 251
August 26, 2017, 03:22:46 PM
I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining.
You think that mining is the best way to earn bitcoin?? well I think you are totally wrong. Because mining is something that a newbie does who does not have much knowledge or much experience to trade or do any other thing. Technically trading is the best way I think. Because it involves many things like mind using, strategy making, planning properly, being patient and many more.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
August 26, 2017, 09:26:44 AM
I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining.
hero member
Activity: 797
Merit: 500
BBOD fast, non-custodial & transparent Exchange
August 26, 2017, 09:20:46 AM
I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
hero member
Activity: 2702
Merit: 540
DGbet.fun - Crypto Sportsbook
August 26, 2017, 08:21:46 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?
thats the good idea save your coin 6 to 12 months i think after that time your coin have a double price value in the market and thats the good investment or savings for the future, because as my know altcoin holding in the long term is to become valuable coins.
Saving is actually works in bitcoin, and i advise that every month just only withdraw the amount of electricity consumption of your mining which is not included on the budget in the consumption in your house. Then the rest much better to save it as your investment that can make more income in the future.

Saving actually works but at the current difficulty rate I doubt if majority of us are into Bitcoin mining really. I for instance have a small Altcoin mining rig that I mine minero and ethereum with and then trade them for bitcoins and save.
It would depend on what kind of miner you are since there are people who do mine altcoin and didnt tend to convert it to bitcoin but they do just purely save it from their wallets and stored up. Knowing that mining altcoin is much more profitable than on bitcoin this is why there are lots of people do decide to mine alts than on bitcoin but decisions on conversions would depend on their decisions.
sr. member
Activity: 756
Merit: 253
August 26, 2017, 08:09:53 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?
thats the good idea save your coin 6 to 12 months i think after that time your coin have a double price value in the market and thats the good investment or savings for the future, because as my know altcoin holding in the long term is to become valuable coins.
Saving is actually works in bitcoin, and i advise that every month just only withdraw the amount of electricity consumption of your mining which is not included on the budget in the consumption in your house. Then the rest much better to save it as your investment that can make more income in the future.

Saving actually works but at the current difficulty rate I doubt if majority of us are into Bitcoin mining really. I for instance have a small Altcoin mining rig that I mine minero and ethereum with and then trade them for bitcoins and save.
full member
Activity: 476
Merit: 100
August 25, 2017, 03:21:23 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?
You are thinking the right thing to save  the coins, Because that the good thing about in bitcoin. The more you hold the coins it is the benefits you could get if you hold it in a long term. and most miners they hold their coins until it mature at high peak amount of bitcoin before selling their coins.
sr. member
Activity: 532
Merit: 280
August 25, 2017, 02:54:39 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?
thats the good idea save your coin 6 to 12 months i think after that time your coin have a double price value in the market and thats the good investment or savings for the future, because as my know altcoin holding in the long term is to become valuable coins.
Saving is actually works in bitcoin, and i advise that every month just only withdraw the amount of electricity consumption of your mining which is not included on the budget in the consumption in your house. Then the rest much better to save it as your investment that can make more income in the future.
full member
Activity: 952
Merit: 104
August 25, 2017, 01:17:04 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?
thats the good idea save your coin 6 to 12 months i think after that time your coin have a double price value in the market and thats the good investment or savings for the future, because as my know altcoin holding in the long term is to become valuable coins.
sr. member
Activity: 1009
Merit: 328
August 25, 2017, 01:08:32 AM
If you are specifically mining for bitcoin then might as well saved for the next years. But if it's an altcoin, I'm not really quite sure unless it's a promising coin or it belongs to the top 20 markecap then you can also save it. If you are mining for some scamcoins then sell them right away.

even if i am mining altcoin, i won't sell it because i want to save until the amount is big, at least i will sell it if i can mining until 10k. but if it just less than 10k, i will save it while i am waiting for increasing of the price so i can make a big money. but today, if i decide to mining, then i think it is not worth because electricity fee is too big for me and i can not make profit while i am waiting the coin is increase.
yes i agree .it is  really better to save than to sell it. Because as what any other kins of coin does.it can be posible with the other coin.in short even if it is in a low price today.maybe tommorow it will rise.so sve it for today and wait for the right time to sell.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
August 25, 2017, 12:46:49 AM
If you are specifically mining for bitcoin then might as well saved for the next years. But if it's an altcoin, I'm not really quite sure unless it's a promising coin or it belongs to the top 20 markecap then you can also save it. If you are mining for some scamcoins then sell them right away.

even if i am mining altcoin, i won't sell it because i want to save until the amount is big, at least i will sell it if i can mining until 10k. but if it just less than 10k, i will save it while i am waiting for increasing of the price so i can make a big money. but today, if i decide to mining, then i think it is not worth because electricity fee is too big for me and i can not make profit while i am waiting the coin is increase.
full member
Activity: 238
Merit: 100
August 24, 2017, 09:51:00 PM
If you are specifically mining for bitcoin then might as well saved for the next years. But if it's an altcoin, I'm not really quite sure unless it's a promising coin or it belongs to the top 20 markecap then you can also save it. If you are mining for some scamcoins then sell them right away.
sr. member
Activity: 518
Merit: 250
August 24, 2017, 09:15:36 PM
I think, if it has a coin from the mine it might be better to hold it for a while until the price of the coin has a new high value to sell it.
hero member
Activity: 3080
Merit: 603
August 24, 2017, 08:21:35 PM
I suggest you do not sell or convert your coins. Think of mining as a long term investment. If you cash out now you will be losing the opportunity to multiply your earnings.

In fact that I did converted some of my bitcoins already as there's a need to do it so. I know that I may be losing a lot of chance to earn a better profit in the future but this is as is. I still have some coins to hold and that's not totally a big amount to hold on.

Just make sure you are not mining "shitcoins" that will not have any value in the future.

Yeah not all the mining alt coins are literally going to give you profit, some are nuisance.
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