Mining coins save or sell it? - page 26.

Watjila

newbie

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Quote from: Pettuh4 on May 21, 2017, 05:22:08 PM

For me I sell all the Altcoins that I mine basically for bitcoins because it's gaining value than all cryptocurrencies and it's also part of my dream to raise at least a total 21 BTC and save for the future.

If you mine the ETH and keep it, then you will be much richer.

Seville

full member

Activity: 270

Merit: 100

saving and holding coins you beleive in, always pays off bigtime IMO

DRaGoN RaNTaRo

sr. member

Activity: 319

Merit: 250

It all depends upon the profit level that i am in,i am invested in mining and i do sell most of the coins when the price of the coin is at a profitable rate and i would not risk in holding the coins for the long time but i have a small amount of coins for the long run,if in case the coins break out and make a big impact in the price like we saw in all the alts,i did sell off everything during these rallies and i am happy with the profit i made.

peter23

newbie

Activity: 56

Merit: 0

I guess better to save it because bitcoins and some other altcoins is now on pumping stage who can say that bitcoins will hit 2000$ in just a overnight right? so better to save time will come and you can sell it on high value

Rasel5209

sr. member

Activity: 672

Merit: 250

trading is good, you don't tell your amount. lot of coin that price day by day increase. you can first selected some coin that price incresse and future is good. you buy and save for some time. you don't any loss.

rakib97

sr. member

Activity: 252

Merit: 250

a lot of alt coin that price regularly increase but you can't buy all coin. have some coin that future is good. first you know and find it's coin and save for some time.

SamsungBitcoin

sr. member

Activity: 532

Merit: 280

Quote from: Finestream on May 23, 2017, 12:05:35 AM

Quote from: Collider on May 22, 2017, 10:39:07 PM

Not at all interested in mining as don't have that higher capital to invest in buying equipment so will prefer to buy bitcoins in small parts on regular basis and save them for future hoping to make best profits on investment.

That's correct, mining is a big business because if you do not have the best mining rig you might not be able to operate profitably and you have to properly monitor your business unlike when just saving your bitcoin the price will grow in the long run and no hassle on your part.
My strategy is I hold, no matter what happen even if the price will start to pump, I will not panic, I'll as I can because I have a big goal.

Correct that mining will need bigger investment to get good profit and i think nowadays individual mining is not too good for now because of the big value of bitcoin much better to buy bitcoin and keep it to your wallet and wait for the right time to sell and that is what i do in my bitcoin.

Finestream

hero member

Activity: 3052

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Quote from: Collider on May 22, 2017, 10:39:07 PM

Not at all interested in mining as don't have that higher capital to invest in buying equipment so will prefer to buy bitcoins in small parts on regular basis and save them for future hoping to make best profits on investment.

That's correct, mining is a big business because if you do not have the best mining rig you might not be able to operate profitably and you have to properly monitor your business unlike when just saving your bitcoin the price will grow in the long run and no hassle on your part.
My strategy is I hold, no matter what happen even if the price will start to pump, I will not panic, I'll as I can because I have a big goal.

Collider

hero member

Activity: 714

Merit: 500

Not at all interested in mining as don't have that higher capital to invest in buying equipment so will prefer to buy bitcoins in small parts on regular basis and save them for future hoping to make best profits on investment.

topminingcontracts

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Quote from: Mia Wallace on May 22, 2017, 01:22:45 PM

Quote from: Pettuh4 on May 21, 2017, 05:22:08 PM

For me I sell all the Altcoins that I mine basically for bitcoins because it's gaining value than all cryptocurrencies and it's also part of my dream to raise at least a total 21 BTC and save for the future.

If you look at the alt coin market all the coins are having a good rally and if you are mining and were holding some coins then the chances of making a 100% return is very much possible with the kind of rally every coin had in recent months.

Mining altcoins is a better choice at a moment then mining bitcoin as mining bitcoin will require a good amount of capital to invest and nowadays its not that easy to mine bitcoins as it was in the past and if you don't have higher capital to invest in mining then better choice would be to start trading with some descent capital to make regular profits.

Mia Wallace

full member

Activity: 361

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Quote from: Pettuh4 on May 21, 2017, 05:22:08 PM

For me I sell all the Altcoins that I mine basically for bitcoins because it's gaining value than all cryptocurrencies and it's also part of my dream to raise at least a total 21 BTC and save for the future.

If you look at the alt coin market all the coins are having a good rally and if you are mining and were holding some coins then the chances of making a 100% return is very much possible with the kind of rally every coin had in recent months.

roadbits

legendary

Activity: 1092

Merit: 1000

Quote from: Wipeout2097 on May 22, 2017, 11:26:07 AM

For me mining is really impossible as I don't have money to buy the mining equipment and even the cost of electricity is too high in my country so to be on the profitable side I will prefer to buy some coins and start using them in trading as it can give me good results in compare to mining and whatever profits I make from trading will be saved for the future.

Mining is an easy job we just want to buy good equipment, and 24/7 electricity is there means we can mine. But where the electricity charges are low price there we can do this business. In my country electricity problem and we are not sure that we will have 24/7 power supply. So for me also this is not easy. And I will also prefer trading to increase my bitcoins.

LoupGaroux

sr. member

Activity: 574

Merit: 250

I don't have any knowledge of mining so I never used that technique to earn bitcoins but I do prefer to prefer to buy them when I feel that price is low and has an opportunity to rise in future so in that case I buy and then save and wait for the best time to sell my coins in order to generate higher profits from it.

Coinmyjob

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Quote from: Wipeout2097 on May 22, 2017, 11:26:07 AM

For me mining is really impossible as I don't have money to buy the mining equipment and even the cost of electricity is too high in my country so to be on the profitable side I will prefer to buy some coins and start using them in trading as it can give me good results in compare to mining and whatever profits I make from trading will be saved for the future.

In fact, every Shakhtar who is engaged in Bitcoin mining has their views on how and where to realize a coin. Of course, many in the long run are hoping to keep the bitcoins waiting for the maximum price level. But at the same time there are times when you need to urgently spend some money and here comes to the rescue a coin to I use it for important needs

Wipeout2097

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For me mining is really impossible as I don't have money to buy the mining equipment and even the cost of electricity is too high in my country so to be on the profitable side I will prefer to buy some coins and start using them in trading as it can give me good results in compare to mining and whatever profits I make from trading will be saved for the future.

megynacuna

sr. member

Activity: 756

Merit: 253

I don't have a but I did I'd have mined and saved but If there is an occasion for me to sell I might rather sell for bitcoins and not for fiat currencies. Having more cryptocurrencies to me is fun and I like to get as much as I can.

szpalata

sr. member

Activity: 686

Merit: 253

Mining and selling is the only way to realize your investments and so I'm selling until I make my ROI before I will consider holding them down for profits.

Sled

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Bitcoin- in bullish time

Quote from: Pettuh4 on May 21, 2017, 05:22:08 PM

For me I sell all the Altcoins that I mine basically for bitcoins because it's gaining value than all cryptocurrencies and it's also part of my dream to raise at least a total 21 BTC and save for the future.

Why you need to sell all your altcoins for bitcoins if you can hold them both? Just sell the half of all your altcoins and hold both bitcoin and altcoin so you will not miss the opportunity of getting rich. Now a days, both altcoin and bitcoin is rising so there is no valid reason for leaving altcoins because we can get benefits from both of them.

Pettuh4

sr. member

Activity: 812

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For me I sell all the Altcoins that I mine basically for bitcoins because it's gaining value than all cryptocurrencies and it's also part of my dream to raise at least a total 21 BTC and save for the future.

webtricks

legendary

Activity: 1918

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Quote from: wantjokull on May 19, 2017, 11:32:18 AM

On this forum I have read lot of times that you should save your bitcoins and by doing so you can generate profit from the rise of prices. So if you mining your coins which are totally yours so that is profit one and if you save them and they rise in the value that's profit two. I guess it's better to save it.

Mining doesn't go free of cost. You need equipments, power, etc. So it is kind of initial investment upon whom one reap profits later. As far as I experienced, buying cryptocurrencies are much better and profitable than mining them at individual level.

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