Mining coins save or sell it? - page 20.

megynacuna

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Quote from: Maskedman on July 01, 2017, 10:35:51 AM

I am personally a miner, and I keep all I mine. I just sell from times to times what I need to pay for the electricity but that's all. Time said me I was right and with my predictions in the crypto-currency market, I will be right another time.

I likewise mine and keep but I do some selling in between; I'm into Altcoin mining and all I do is sell them into bitcoins and hold even though I loose some in moving the coins around until it lands in my Bitcoin wallet I think it is best to save than to sell for fiat.

skorupi17

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Quote from: Pasutinmeur on July 07, 2017, 11:17:33 AM

Quote from: Hasbro27 on July 07, 2017, 11:00:46 AM

I think before selling the coin we have to look at the price of coin, if favorable better sell

Then how do you know the price will not rise later?

-Study its price chart and find some pattern.
-Be aware of the current news about that coin.
-Observe the community. Are they enthusiastic enough to hold or some are just dumping their coins.

Those will just fall for speculations and speculations are not always reliable. So basically, there is no reliable way to accurately know if the price will not increase later. Guts is the only tool of some people whether to sell or not.

Pasutinmeur

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Quote from: Hasbro27 on July 07, 2017, 11:00:46 AM

I think before selling the coin we have to look at the price of coin, if favorable better sell

Then how do you know the price will not rise later?

Hasbro27

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I think before selling the coin we have to look at the price of coin, if favorable better sell

STT

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I sold my bitcoin previously, should have kept a bit now I think about it. Now we cant mine it at home and with higher transaction fees you not likely to buy a little bit so its not exactly an option. There must be tons just left in wallets accidentally though I think.

What I did do was keep some of the alt coins, however one of the major exchanges went broke so lost alot of those to bad management. My own fault for not keeping like a dozen different directories of it but anyhow I did keep some so some plus. Now some of the highest growth was seen in the smallest and newest blockchains.
So theres your second option use a tiny bit of value to speculate on the next coin and choose carefully. Proof of stake I think is a good one as it encourages personal holdings with some involvement in mining even by the very smallest holders, I believe blockchain should be distributed like that. Dont hold one thing

Betwrong

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Quote from: Maskedman on July 01, 2017, 10:35:51 AM

I am personally a miner, and I keep all I mine. I just sell from times to times what I need to pay for the electricity but that's all. Time said me I was right and with my predictions in the crypto-currency market, I will be right another time.

Yes, you were right. Unlike a friend of mine who mined almost 10 BTC two years ago and sold all of them the same year. He barely covered his expenses on electricity and mining equipment back then, but what if he was holding his BTC until now?

Bowly88

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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 my advice, as much as possible just keep on saving it for the brighter future. Because it can doubled its price, the bitcoin value always goes up. If you want to be rich in the future this is a good way to invest. Just store and wait for the value to rise. You can sell it but do not sell all of it. Just sell a little value, less selling more saving and thats a lot pf profit.

Sled

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Quote from: ActiveP on July 07, 2017, 01:42:58 AM

Quote from: Maskedman on July 01, 2017, 10:35:51 AM

I am personally a miner, and I keep all I mine. I just sell from times to times what I need to pay for the electricity but that's all. Time said me I was right and with my predictions in the crypto-currency market, I will be right another time.

Sell enough to cover cost and your overhead. Hold on to the rest for as long as you can afford to. There is good value in playing the long game.

That is right just sell some coins to cover your expenses and also to buy or pay the things that you need in order to maintain good financial status and the rest should be kept in a cold storage like hardware wallets in order to have a good investment for the future because the price of the altcoins and also bitcoin are very unpredictable.

ActiveP

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Quote from: Maskedman on July 01, 2017, 10:35:51 AM

I am personally a miner, and I keep all I mine. I just sell from times to times what I need to pay for the electricity but that's all. Time said me I was right and with my predictions in the crypto-currency market, I will be right another time.

Sell enough to cover cost and your overhead. Hold on to the rest for as long as you can afford to. There is good value in playing the long game.

syaripudin

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Maintain it I think it's a very good decision to wait for high prices in the next few months you can use it for other purposes, such as paying electricity bills and others but you also have to see the developments of the developers do not get your results Keeping it old enough will just disappear

STT

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Really the biggest gains are from holding it. Just immediate mining can be ok but as difficulty changes and price with supply and demand that is when your mining last month appears very profitable.

Quote from: Maskedman on July 01, 2017, 10:35:51 AM

I am personally a miner, and I keep all I mine. I just sell from times to times what I need to pay for the electricity but that's all. Time said me I was right and with my predictions in the crypto-currency market, I will be right another time.

Not sure about holding for very long amounts of time though because electricity bill can be large and the price can always fall back down. I wouldnt carry from year to year without selling because of that, month to month is ok till time for paying off costs. Recently bitcoin and many coins in general have been appreciating.
This makes 2016 look like an excellent time to have been saving or holding coins. Its doubtful holding mining from now till next year will look just as good as that. Its not impossible but I imagine at least growth slows down.

I always swap some crypto over to gold, its price trends over decades and has been a way to hold value a long time. I think of that money as asset money more then spending money, for times you need security and deposits more then paying bills. Always hold some I agree but never hold all one thing

Jako0203

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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

EdenHazard

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Quote from: que91 on July 05, 2017, 11:32:39 PM

Quote from: Jako0203 on July 05, 2017, 09:41:27 PM

you should sell it and convert into bitcoin , then the converted bitcoin from you old coins , you will save it , and mine for more coins , like ether , ripple or other high value coins , sorry ripple does not belong haha , then convert them into btc , then save the btc , and wait till the value of btc goes higher and higher , then afterwards you sell them , the easiest way to earn more money

You can do that if you is a small miner and mined some coins everyday. With rich people can mining a huge amount coins everyday, sell it and buy other altcoin will make the price falldown and altcoin has been buying for long-term rising up soon before you buy enough

actually you could always sell it yes as you have an earning so there is nothing to worry about if then the price increased so high or maybe if the price dropped as you have selling it quite a lot in the past , pretty good and makes sense to do that .

but when you have your own analysis that the coin you mined in the future will so worthy , then you might have to hold it as long as possible.

wowanstrong

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Quote from: que91 on July 05, 2017, 11:32:39 PM

Quote from: Jako0203 on July 05, 2017, 09:41:27 PM

you should sell it and convert into bitcoin , then the converted bitcoin from you old coins , you will save it , and mine for more coins , like ether , ripple or other high value coins , sorry ripple does not belong haha , then convert them into btc , then save the btc , and wait till the value of btc goes higher and higher , then afterwards you sell them , the easiest way to earn more money

You can do that if you is a small miner and mined some coins everyday. With rich people can mining a huge amount coins everyday, sell it and buy other altcoin will make the price falldown and altcoin has been buying for long-term rising up soon before you buy enough

It seems to me that this is a very good strategy when earning other coins or alternative crypto currency, and then turn it into Bitcoin. Thus, other coins can be invested in Bitcoin to keep it in cold storage. I think that in the future to find coins will carry a very huge profit.

que91

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Quote from: Jako0203 on July 05, 2017, 09:41:27 PM

you should sell it and convert into bitcoin , then the converted bitcoin from you old coins , you will save it , and mine for more coins , like ether , ripple or other high value coins , sorry ripple does not belong haha , then convert them into btc , then save the btc , and wait till the value of btc goes higher and higher , then afterwards you sell them , the easiest way to earn more money

You can do that if you is a small miner and mined some coins everyday. With rich people can mining a huge amount coins everyday, sell it and buy other altcoin will make the price falldown and altcoin has been buying for long-term rising up soon before you buy enough

wantjokull

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Quote from: bitlancr on November 26, 2015, 07:10:32 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?

If your outlook is 12 months then i think saving is the best thing to do. The long term perspective for bitcoin is very good in my opinion.

Selling them at current prices is just too low. Holding on to them will make it you more profit by selling them at this 'low price'

But hopefully the price should rise as well. That is another determining factor whether he will earn the profits from his saved coins. I would suggest to divide the money equally into two parts from which one could go for cold storage in to your lucky wallet and another can be re-invested into altcoins which are currently performing well through the market. I know altcoins are not good all the time, but with proper study of market this goal can be achieved. And everyone knows altcoins can give crazy ten to twenty times profit than your normal investments.

Jako0203

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you should sell it and convert into bitcoin , then the converted bitcoin from you old coins , you will save it , and mine for more coins , like ether , ripple or other high value coins , sorry ripple does not belong haha , then convert them into btc , then save the btc , and wait till the value of btc goes higher and higher , then afterwards you sell them , the easiest way to earn more money

HasHe

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If you are going to mine bitcoins,then just holding it for some time would be a right decision instead of selling it as we could steady increase in its price.You could sell it some time after segwit is activated since price is expected to cross atleast $3000 for sure.

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Quote from: Silberman on July 04, 2017, 09:42:13 PM

Quote from: Idrisu on June 30, 2017, 03:16:14 AM

I will advise you to hold if you have others source of income for your daily up keeping and cost of maintaining your mining farm. Crypto currencies is still at the infancy stage and you need to save coins as must as possible in other to be among the rich in future.

This is the biggest reason to hold to your bitcoin for as long as you can, bitcoin and most cryptocurrencies are bound to get a lot more interest in them in the next decade by the general public and once we see a great deal of persons holding bitcoin then you can be sure the price is going to be ten times what it is now or perhaps the price will be even bigger than that.

It is highly recommended to hold your mine coins because the future is bright not only for bitcoin alone but also for the crypto currencies.
I am not surprise it is happening now and I can see more and more people are entering in the crypto market which will only make it more stronger.

Silberman

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Quote from: Idrisu on June 30, 2017, 03:16:14 AM

I will advise you to hold if you have others source of income for your daily up keeping and cost of maintaining your mining farm. Crypto currencies is still at the infancy stage and you need to save coins as must as possible in other to be among the rich in future.

This is the biggest reason to hold to your bitcoin for as long as you can, bitcoin and most cryptocurrencies are bound to get a lot more interest in them in the next decade by the general public and once we see a great deal of persons holding bitcoin then you can be sure the price is going to be ten times what it is now or perhaps the price will be even bigger than that.

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