Mining coins save or sell it? - page 23.

Sweetbtc

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Quote from: JohnBitCo on June 14, 2017, 11:35:27 AM

Quote from: BitcoinsGreat on June 13, 2017, 02:26:50 PM

After dropping 50% of your balance if the price is still dropping or starting to drop, then you can sell the other half. If the price is still rising, you can wait or sell again or split the remainder in half again.

By selling half, you have sold at X price and made some money. If the price bottoms out in seconds, you still got some money out before the fall. If the price is shooting through the sky, then you sold half at a low rate, but have the other half for the continued rise.

If you are desperate for money, then you liquidated half an investment versus an entire investment. Both option of saving and selling of mining coins are ok, depends upon condition of miner.

JohnBitCo

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Quote from: BitcoinsGreat on June 13, 2017, 02:26:50 PM

After dropping 50% of your balance if the price is still dropping or starting to drop, then you can sell the other half. If the price is still rising, you can wait or sell again or split the remainder in half again.

By selling half, you have sold at X price and made some money. If the price bottoms out in seconds, you still got some money out before the fall. If the price is shooting through the sky, then you sold half at a low rate, but have the other half for the continued rise.

czvezda

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Well for me I would definitely save some and of course sell also some of it. Save something for future high amount negotiation transaction. But if ever I would sell some and buy for basic needs of the family and others that will earn also extra money. Be smart enough on spending money..

boyptc

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Quote from: Question123 on June 13, 2017, 04:23:05 PM

Its better if you mining a lot of coins just save or hold it because many coin as of now is increasing . And you will make a lot of profit if you save all coin that you mine. Its better to mine as of now is ethereum or zcash because I bekiev this coin will hit $1000 in this year 2017 but its your choice what do you think is the best coin for you. Hope you will earn a lot of profit sir.

Mine ETH while you can before changing it from PoW to PoS. The same thing in bitcoin it's better to hold those potential alt coins together with your precious mother coin. And when the price is already acceptable for profit takers then you can just simply sell your bitcoins or alt coins as it is our main goal, to earn.

poplolnman

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Quote from: VitorPl4y on June 12, 2017, 04:46:01 PM

Not all altcoins are waste, it seems that a few altcoins is a back up for bitcoins and use for exchange and tradings... I use my altcoins exchange to cloud mining that I got it from faucets. I can't participate regularly in exchange services due to my busy time.

cloud mining never be a good idea to grow your coins , let's think be more smart from now on. a lot of cloud mining service in the fast got bankrupt and aslo run scam for various reason and people nowadays won't believe on something like cloudmining , certain altcoin really worth to keep it for long term but when you do mining a low reputation coins and low support always better to sell it immediately.

Kusheez

newbie

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Is it still possible to mine bitcoin without being a big farm of miners?
I'm kind of new, interested in mining because I get free electricity where I live. But it seems like I'm reading that the days of bitcoin mining for individual people is over; you have to spend ALOT to start out. And the cloud mining stuff seems like a scam, or at least everyone says so Sad

What about the alt coins, like ethereum?

mrayazgul

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Quote from: Qunenin on June 13, 2017, 06:31:27 PM

Also, if there are price changes that appear small, but are heading in the wrong direction, the crypto exchanges are not the place to sleep on it and decide in the morning. Never trade out of fear, but do trade to protect yourself and your funds. A little downhill slide tonight can and usaully is a valley bottom price in the morning.

Plus, no matter what the sell/buy page says, if there are no orders and no one to pay a price, then the coins do not sell. Angry

Qunenin

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Also, if there are price changes that appear small, but are heading in the wrong direction, the crypto exchanges are not the place to sleep on it and decide in the morning. Never trade out of fear, but do trade to protect yourself and your funds. A little downhill slide tonight can and usaully is a valley bottom price in the morning.

Question123

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Its better if you mining a lot of coins just save or hold it because many coin as of now is increasing . And you will make a lot of profit if you save all coin that you mine. Its better to mine as of now is ethereum or zcash because I bekiev this coin will hit $1000 in this year 2017 but its your choice what do you think is the best coin for you. Hope you will earn a lot of profit sir.

BitcoinsGreat

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After dropping 50% of your balance if the price is still dropping or starting to drop, then you can sell the other half. If the price is still rising, you can wait or sell again or split the remainder in half again.

virasog

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Quote from: nethead on June 13, 2017, 12:54:30 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.

You should almost always meet your genuine unsurety about selling a coin with a 50/50 trade. If your balance is 1000 X coins and you want/need to sell, but you have a lot of doubts, then try selling 50% of them, or 500 coins and go from there. You may be selling because of price changes up or down.

hinatashoyou

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We should always keep up to date and update the latest information about the coins we mine. Information and issues are very decisive altcoin prices, if there is bad news and a negative impact on the price of altcoin, should we just sell so as not to lose

stevano

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I will save it first than I have to sell it for waiting for a high price, and if I need it I will sell it, it's up to you, if you really need money then sell it.

cruz49

newbie

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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 don't really understand your question with a lot of coins you are saying but the best opinion that i will be saying to you is try just to keep that coin if you have trust that coin will increase price in the near future don't sell it now instead keep holding and wait for the right time.

Himanshu111

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I think right now, the best thing that you can do is save as much as you can because holding Bitcoin is undeniably one of the best ways to earn good returns
And you can't ignore the fact that the current price of Bitcoin is just too low and if you sell them at a lower price, it will reduce your profits.

arwin100

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Jack of all trades 💯

Quote from: ladydark on June 13, 2017, 01:55:16 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 you are in desperate need for money,then sell it.Or else,if you can manage by any other means,then save it for the fortune future.Even you could become a millionaire if you hold 1 bitcoin in future.Just treat bitcoin as digital gold instead of digital cash.

Its very wrong if they sell it immediately even if they doesn't need the money since they might gonna lose some profits if bitcoins will pump and also we can used it to multiply more in different program or maybe we can used it to invest on another machines, But if the people who have's it is in rush well surely he will just gonna sell it since some of people right now are so contented on this current profit.

morantis

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choices, especially in the trading markets, made out of fear, usually are at least a little wrong. that does not mean to hold a coin that is falling in price because you are playing it cool, it does mean that any market changes that require buying or selling will maintain themselves for the amount of time that it takes to take a deep breath. whether your personal life or the trading market, or perhaps a forum/chatbox user is putting pressure on you to make a choice, breath, relax and try as best you can to imagine what choice you would make if that pressure was not there. imagine a steep price drop in the market as a more gradual drop and take a second to think. perhaps the electric bill is late and you are thinking about dumping bitcoins, are there other options? a member of the forum insists that Y coin is going to be dumped and we have to sell NOW, is that true and accurate. A few seconds can mean a few dollars, but making a rash decision can mean a lot more.

ladydark

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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 are in desperate need for money,then sell it.Or else,if you can manage by any other means,then save it for the fortune future.Even you could become a millionaire if you hold 1 bitcoin in future.Just treat bitcoin as digital gold instead of digital cash.

nethead

sr. member

Activity: 322

Merit: 250

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.

tristan1960

full member

Activity: 217

Merit: 100

The answer is that sell it if you need cash, save it if you wanna be a millioniare in the future. This much easy.

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