Mining coins save or sell it? - page 24.

tabas

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Quote from: megynacuna on June 12, 2017, 06:21:01 PM

I mine ethereum and sell for bitcoins most of the times because I see a greater potential in Bitcoin than ethereum even though both are doing tremendously well on the market, so it's great to mine especially if you've already achieved your ROI and sell for fiat or other cryptocurrencies.

What mining pool are you using? And how many GPU's do you have? I have a plan on mining alt coins soon but once ETH is already POS no way it can be mined. So probably I will get along with zcash and monero and will sell it through bitcoins too. And once I got the profit then I will not do something about it, I'll save it.

Lieldoryn

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Quote from: chineseprancing on June 12, 2017, 09:31:21 AM

I think for now the best way to do in mining coins is to save it and wait the right time before sell it because if we sell it immediately how about if the price of bitcoin were raised up. Instead of earning we were regrets to our decision. Vise versa if the price falling down.

You still have not got used to the fact that the price of bitcoin is constantly falling and then rising. you don't have to pay attention to these races. Whales are making panic to buy a lot of coins. if no panic then you will buy all coins from whales and they go bankrupt. Be smarter and don't regret when the price drops.

megynacuna

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I mine ethereum and sell for bitcoins most of the times because I see a greater potential in Bitcoin than ethereum even though both are doing tremendously well on the market, so it's great to mine especially if you've already achieved your ROI and sell for fiat or other cryptocurrencies.

bitcoin31

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Mining coins is good i suggest to mine is ethereum because for sure the price of this coin have potential to become 1000 dollars in this month so its better if you mine altcoin just save it and wait the price to increase after that sell it to make profit.

PancherBitCoin

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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.

But nevertheless each of their coins are used at their discretion, despite how much you extracted them from the tap. I have more than once met people who do not want to trade out for little things and concentrate their attention on more important things.

VitorPl4y

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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.

Jiamaf

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Quote from: chineseprancing on June 12, 2017, 09:31:21 AM

I think for now the best way to do in mining coins is to save it and wait the right time before sell it because if we sell it immediately how about if the price of bitcoin were raised up. Instead of earning we were regrets to our decision. Vise versa if the price falling down.

That is true. For the bitcoin and most good coins, it is better to save them.

chineseprancing

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I think for now the best way to do in mining coins is to save it and wait the right time before sell it because if we sell it immediately how about if the price of bitcoin were raised up. Instead of earning we were regrets to our decision. Vise versa if the price falling down.

arcanayou

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Mining altcoin requires precise calculations and great resources. You have to calculate the profit you will get by mining the bitcoin or other altcoin, the tools for mining are very expensive, the cost of electricity is also quite high. After you finish counting, you will know what to do

krisnt80

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Its all about the coin you are mining, lets look at eth that had raised from 0,02 to 0,14 btc this year, soo there is some big interest over it, with that said its always up to each one to choose the best moment to sell their coins, but this year is the year of bitcoin and altcoins, all of them are getting more value.

btcdiggingmaster

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It only depends on the coin you are mining and also check whether there is a good chance for you in future that you make a good amount with the coins you are mining. While mining you have to choose most reputable coin so that it will give you good profit.

fitty

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Saving some from coinsyou mined is good though, but just hold the excess one(the profits or just small quantity of your mined coins).Save up for short term and long term selling that would be the best

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Quote from: Watjila on June 11, 2017, 11:57:26 AM

Quote from: Farcoin12 on June 10, 2017, 02:17:14 AM

I am pretty sure that most miners just save their Bitcoins. It is probably the best idea as you will get more money as time goes by and the price of Bitcoin rises.

That is right. I save most and only sell some to pay for the cost.

Mining gives me far too few btcs that i tend to just forget that i'm mining coins. I don't think it would be worth the effort you'll put and the fee you'll pay for such slow accumulation. Though in time, when i forget about it, i still earn without doing anything. Just leave your miners and get back to them after some time and don't put too much focus on them

Watjila

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Quote from: Farcoin12 on June 10, 2017, 02:17:14 AM

I am pretty sure that most miners just save their Bitcoins. It is probably the best idea as you will get more money as time goes by and the price of Bitcoin rises.

That is right. I save most and only sell some to pay for the cost.

Insanerman

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Quote from: PrinceCaspian on June 10, 2017, 02:30:27 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?

Breakeven selling will be alot helpful for you i think,sell the 75% or 50% of your stocks and save the 50% more for future price pump and for future selling that will be good for you

Or before doing that just observed the price trend on most exchanges where the said coins is being traded. But your suggestion correct also, but it is good to save mot of the coins and sell only when needed. You can really maximized your profit when holding and selling it when it is popular already.

PrinceCaspian

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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?

Breakeven selling will be alot helpful for you i think,sell the 75% or 50% of your stocks and save the 50% more for future price pump and for future selling that will be good for you

Farcoin12

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I am pretty sure that most miners just save their Bitcoins. It is probably the best idea as you will get more money as time goes by and the price of Bitcoin rises.

sunsilk

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Quote from: Kizaki on June 10, 2017, 01:54:23 AM

Depending on the coin you are mining then.If you see a good opportunity on your coin then you can save it for future but if not then sell it.One strategy is to sell the half then save the remaining it will be good specially for small miners

Most of the alt coins that are being mined today are zCash, Monero and ETH.

All of these coins are good for selling and saving it as all of them are good for holding in the longer term.

And once you saw a big amount of volume of transactions for these coins, just sell it and even 5% is a big matter.

Kizaki

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Depending on the coin you are mining then.If you see a good opportunity on your coin then you can save it for future but if not then sell it.One strategy is to sell the half then save the remaining it will be good specially for small miners

wantjokull

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You can save half of the amount and withdraw half of it to recover your miners from any maintenance. Or you may wanna buy more miners from that money. This will increase your output and don't forget your coins which are cold storage will also have increased by the time you have more miners. This addition reaction will increase your profits or income in strategic way.

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