Mining coins save or sell it? - page 19.

Ultegra134

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Quote from: curved9inch on August 17, 2017, 03:26:09 PM

The best thing to do with coins you have mined is store them of course. You can also sell them but why are you mining then
just for the money or in the hope you will get rich out of the coins you've mined. So i prefer to hold them and wait for
the best selling price.

Depends on what coin you are mining/in which way. I'm mining using Nicehash, hence, the payment is made in BTC, therefore,I can only save them and hope BTC's price increases, which happened when I saw my balance to greatly increase after the recent pump. I am planning to start mining without Nicehash soon.

Although, the way to maximize your mining earning is by holding what you are mining, especially if it's a promising coin and not some stale one (Dogecoin for example is mostly stale, not fluctuating). At first, your earnings might be low in terms of Fiat currency but there's a chance the coin's price to vastly increase in the future.

jmigdlc99

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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.

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

krisnt80

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If you dont need those coins to pay your bills or equipement you should save them, a lot coins are getting more interest and being pumped nowadays. I do remember a person wich has several doge and he didnt sold them, this year the price reached 100 satoshis pretty sure he had sold.... as this example those wich does mining should try to save the coins for the future, but i know a lot people that use the mined coins to pay the bills and equipement, that way is hard to make any decent ammount.

Ronaldcoin2017

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Quote from: djgtr on August 24, 2017, 02:11:52 PM

I think the best thing to do is to wait .and take time to listen the price and save it if the price is low.
And if the time comes that the coin is on a high price then we can sell it to have some more profit.

yes i agree on that i really do believe that every coin has its time of rising and if we are going to wait we well be gaining a fruit from our patience someday.

djgtr

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I think the best thing to do is to wait .and take time to listen the price and save it if the price is low.
And if the time comes that the coin is on a high price then we can sell it to have some more profit.

Watjila

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Quote from: curved9inch on August 17, 2017, 03:26:09 PM

The best thing to do with coins you have mined is store them of course. You can also sell them but why are you mining then
just for the money or in the hope you will get rich out of the coins you've mined. So i prefer to hold them and wait for
the best selling price.

I think we are in for the profit. That is why people mining the bitcoin and bitcoin cash alternatively.

curved9inch

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The best thing to do with coins you have mined is store them of course. You can also sell them but why are you mining then
just for the money or in the hope you will get rich out of the coins you've mined. So i prefer to hold them and wait for
the best selling price.

Watjila

newbie

Activity: 58

Merit: 0

Quote from: BTCbengi on August 06, 2017, 07:20:50 AM

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 if you invest in mining you will not lose the things that you exploit. You only lose money to maintain, repair mining equipment. Exploiting more and more means that the device is easily broken

If the difficulty rose too fast, you may not get back the original BTC invested to buy the miners. That is the lesson I learned.

BTCbengi

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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 if you invest in mining you will not lose the things that you exploit. You only lose money to maintain, repair mining equipment. Exploiting more and more means that the device is easily broken

Nathland

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I think you should a save and hold as many Bitcoins as you can. Bitcoin is expected to show very fast growth in future and selling now will only cut your future profits.

Finestream

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Quote from: ss890 on August 06, 2017, 01:24:09 AM

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 its completely fine to have these coins saved for long time. This will gain you more profits. If you are real miner then you must have seent that when price of bitcoin rises the mining rate is also increased proprotionally because it is simply maths. Mined coins at lower rates will always multiply when the price of coin will increase. So yeah saving will work for long term plans.

Just hold a coin on whatever you believe it will bring good potential in the future and not only bitcoin will give us that but there are still altcoins that could give the maybe more than what we can earn by holding bitcoins. Now, those who succeed in mining are those who have spend enough money to run a more advance mining rig and of course they need to profit in order to stay operational and as they mind bitcoin they do believe it will bring more value in the future so they hold as well.

ss890

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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 its completely fine to have these coins saved for long time. This will gain you more profits. If you are real miner then you must have seent that when price of bitcoin rises the mining rate is also increased proprotionally because it is simply maths. Mined coins at lower rates will always multiply when the price of coin will increase. So yeah saving will work for long term plans.

Pasutinmeur

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Quote from: Nodari_Cindicator on July 07, 2017, 02:10:55 PM

Sell half and save half. So you can take break-even point and probably your investment will rise later

that is what I do. I sell half to pay the costs.

HasHe

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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?

If you are talking about altcoins,then it would be better for you to sell those mined coins quickly and make cash.If it is bitcoin,then you could sell around 10% of mined coins to meet your expenses and hold the remaining coins back since bitcoin price is continuously increasing.

krisnt80

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Knowing crypto are getting more and more atention as well investment i would for sure save my coins unless i need to pay some bills, i do know a lot people that are mining and dumping to pay the bills and get their profit, to achieve roi, i do believe crypto will be worthing much more since bitcoin does push all up.

Silberman

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Quote from: Jako0203 on July 06, 2017, 06:47:00 AM

its better if you sell it , i think its risky if you save it , sell it or convert it into bitcoin as soon as possible , then convert your BTC into US or PHP if you are a filipino , if i have BTC i would rather convert it into PHP than to save it

Since this is a bitcoin forum then you should expect your opinion to be in the minority and when we see the history of bitcoin and the great profits that it has given to all of those that choose to hold for the long term then I think the only logical conclusion is to try to hold our bitcoin for as long as possible, there are risks, yes, but it is a risk I’m willing to take.

Ultegra134

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That also depends on the risk you are willing to take. On the one hand, saving could either make you lose money in a price drop, on the other hand, it could make you a lot of money. Just take a while and think the profit you would have if you had saved Bitcoin since the price was $200.
I recently invested into a second GPU, Power Supply, and a motherboard to mine Altcoins using Nicehash. My goal right now is to earn the invested amount as quick as possible.
Thus, I would sell to earn my investment back and have a dead point (Profit = Investment). After that, I might consider saving the coins I mine.

batang_bitcoin

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Quote from: Nodari_Cindicator on July 07, 2017, 02:10:55 PM

Sell half and save half. So you can take break-even point and probably your investment will rise later

It's always better to put yourself on both sides. Sell some if you need and just save some if you want to do it so. And for those saved bitcoins that's going to give you an assurance that will make you some better profit in the future. All of us are saving our bitcoins because we have one idea that in the future price will increase.

darkangel

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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?

When you dig a mine bitcoin, it also means you own a gold mine. You can reserve, exploit and buy bitcoin. But want to buy a lothouse ATM at a bit of ATM bitcoin.

Nodari_Cindicator

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Sell half and save half. So you can take break-even point and probably your investment will rise later

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