Mining coins save or sell it? - page 30.

Doamader

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Quote from: Pettuh4 on March 01, 2017, 01:05:13 PM

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 mine to keep because Bitcoin is skyrocketing and it's going to go higher in the coming years so I basically mine Altcoins and then sell them for Bitcoins and then zip my walls until further notice.

I dont know if at this stage running miners at home has becomed profitable once again, but im pretty sure yes, since the total hash is growing well on the last days. If the coin isnt one that has a good trading daily volume you should dump those, since bitcoin up and in the general altcoins will go down.

Pettuh4

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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 mine to keep because Bitcoin is skyrocketing and it's going to go higher in the coming years so I basically mine Altcoins and then sell them for Bitcoins and then zip my walls until further notice.

DoublerHunter

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Quote from: Alubert on March 01, 2017, 04:19:51 AM

Quote from: Fappanu on February 22, 2017, 09:11:31 AM

Quote from: Pasutinmeur on January 05, 2017, 11:46:17 AM

Quote from: Mometaskers on December 27, 2016, 11:53:53 PM

I'd say just keep it. There might be crashes in the future but so far it's a steady rise for btc. Only cash out for your monthly expenses you can't pay with btc or for funding investments that you can only get with fiat.

It is good to keep it as the price will rise later.

I mined some altcoins, but the price is getting lower.

If you think the price will rise later, it is better to hold them for the long term.

Holding bitcoin for long term is the best option to earn decent amount of money because we already saw how bitcoin price react in just a few months then how much if we save and store bitcoin for at least 5 years then it will be dramatically very high price. On the other side, Altcoins can be also hold for long term but we need to make sure that it has a great support of the community and also stable on its price and not that hype kind of coin.

Alubert

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Quote from: Fappanu on February 22, 2017, 09:11:31 AM

Quote from: Pasutinmeur on January 05, 2017, 11:46:17 AM

Quote from: Mometaskers on December 27, 2016, 11:53:53 PM

I'd say just keep it. There might be crashes in the future but so far it's a steady rise for btc. Only cash out for your monthly expenses you can't pay with btc or for funding investments that you can only get with fiat.

It is good to keep it as the price will rise later.

I mined some altcoins, but the price is getting lower.

If you think the price will rise later, it is better to hold them for the long term.

Fappanu

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Quote from: Pasutinmeur on January 05, 2017, 11:46:17 AM

Quote from: Mometaskers on December 27, 2016, 11:53:53 PM

I'd say just keep it. There might be crashes in the future but so far it's a steady rise for btc. Only cash out for your monthly expenses you can't pay with btc or for funding investments that you can only get with fiat.

It is good to keep it as the price will rise later.

I mined some altcoins, but the price is getting lower.

Pasutinmeur

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Quote from: Mometaskers on December 27, 2016, 11:53:53 PM

I'd say just keep it. There might be crashes in the future but so far it's a steady rise for btc. Only cash out for your monthly expenses you can't pay with btc or for funding investments that you can only get with fiat.

It is good to keep it as the price will rise later.

tunctioncloud

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With the current events, I hope that the miners followed the advice of those telling to keep the coins and not sell them. I am sure to see a Bitcoin at 10 000$ in the two coming decades, so it is better for every miner to keep as most coins as they can. They will get rewarded for that !

Fappanu

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Quote from: CROYA86 on January 03, 2017, 12:17:58 PM

Quote from: Lituation on November 26, 2015, 05:09:53 PM

I think you should convert them only for your needs (electricity bill etc.) and save the rest. You can make a good profit with this strategy.

selling a portion of your mining miningnya cost, the rest is stored as a backup / investment only
if that's the way I think the mining process will continue to run

Just sell a small part of the coins.

CROYA86

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Quote from: Lituation on November 26, 2015, 05:09:53 PM

I think you should convert them only for your needs (electricity bill etc.) and save the rest. You can make a good profit with this strategy.

selling a portion of your mining miningnya cost, the rest is stored as a backup / investment only
if that's the way I think the mining process will continue to run

Kurohige

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Coins came at any means like mining it, buying it, acquiring it thru work, giveaways etc. must be saved first and think of a time when it will be right to sold. Just saving it will not give you money so literally you have to sold it.

You must follow what trend is currently happening. Just be ready on whatever happens after you sold the coins and don't regret. You can do that again whatever you want in the first place.

raja2sumi

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Do a lot of mining and like sell it once in 4 months .by that time the price of bitcoins would rise a lot and it will be very helpful .

CloudStrife

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Quote from: ChronoLite on December 28, 2016, 03:12:02 AM

Quote from: Positid on December 28, 2016, 12:22:33 AM

Quote from: Mometaskers on December 27, 2016, 11:53:53 PM

I'd say just keep it. There might be crashes in the future but so far it's a steady rise for btc. Only cash out for your monthly expenses you can't pay with btc or for funding investments that you can only get with fiat.

If you can wait the better, coins are more valuable in the future so holding is always a good move. But that depends on what you are mining, if you mine bitcoins then it is good to hold it longer.

Like you said it depends on what coin do you mining (altcoin or bitcoin), for bitcoin it takes time to sell it but the rewards is too low and altcoin is more easier to sell as long as they have exchanges to sell.

If the mining is for Bitcoin, and if the individual intends to expand the business, to create some kind of mining farm, probably the best thing to do is to go through the more stable path, which is converting Bitcoin to dollar. At least that's what most miners do, I mean those who own large mining farms.

For them, the risk is too high, and they can not afford to suffer losses from Bitcoin's fluctuations.

ChrisPop

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Not your Keys, Not your Bitcoins

If you are mining bitcoins you should definitely keep them at least as long as you see that the btc price is increasing day-by-day. That is just pure profit. Or you could adopt a strategy like convert 70% to fiat and keep the rest in bitcoins. On the other hand if you are mining altcoins I would say to sell them for bitcoin unless you trust the respective altcoin and you think it will have huge success. Hope I helped you!

mindrust

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If you don't make some good profits (USD wise) from mining there is no point in selling at all. Just hold them and wait for a mega pump like the one we are having nowadays.

If you ROI'd your equipments and cashed out their money that's even better. Mine bitcoins until they are not able to.

Jiamaf

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Quote from: skyway1 on January 01, 2017, 02:21:35 PM

Well other people are already saying it, I think its better to just save them for the future right now this is due to the fact halving is coming and you can make profit.
Saving them now is also better because mining is gonna be a lot more difficult than before the halving.

My friend is a miner. He saved the mined coin and he is rich now.

skyway1

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Well other people are already saying it, I think its better to just save them for the future right now this is due to the fact halving is coming and you can make profit.
Saving them now is also better because mining is gonna be a lot more difficult than before the halving.

lOvE mE forEvEr

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Quote from: ChronoLite on December 28, 2016, 03:12:02 AM

Quote from: Positid on December 28, 2016, 12:22:33 AM

Quote from: Mometaskers on December 27, 2016, 11:53:53 PM

I'd say just keep it. There might be crashes in the future but so far it's a steady rise for btc. Only cash out for your monthly expenses you can't pay with btc or for funding investments that you can only get with fiat.

If you can wait the better, coins are more valuable in the future so holding is always a good move. But that depends on what you are mining, if you mine bitcoins then it is good to hold it longer.

Like you said it depends on what coin do you mining (altcoin or bitcoin), for bitcoin it takes time to sell it but the rewards is too low and altcoin is more easier to sell as long as they have exchanges to sell.

As my experience mining bitcoin requires a large capital, but if we are mining altcoin as etherium, monero, doge and more not need large capital and more profitable. This is because the mining difficulty level continues go up so the result always have decrease.

ChronoLite

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www.guestcrew.com

Quote from: Positid on December 28, 2016, 12:22:33 AM

Quote from: Mometaskers on December 27, 2016, 11:53:53 PM

I'd say just keep it. There might be crashes in the future but so far it's a steady rise for btc. Only cash out for your monthly expenses you can't pay with btc or for funding investments that you can only get with fiat.

If you can wait the better, coins are more valuable in the future so holding is always a good move. But that depends on what you are mining, if you mine bitcoins then it is good to hold it longer.

Like you said it depends on what coin do you mining (altcoin or bitcoin), for bitcoin it takes time to sell it but the rewards is too low and altcoin is more easier to sell as long as they have exchanges to sell.

Positid

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BULL RUN until 2030

Quote from: Mometaskers on December 27, 2016, 11:53:53 PM

I'd say just keep it. There might be crashes in the future but so far it's a steady rise for btc. Only cash out for your monthly expenses you can't pay with btc or for funding investments that you can only get with fiat.

If you can wait the better, coins are more valuable in the future so holding is always a good move. But that depends on what you are mining, if you mine bitcoins then it is good to hold it longer.

Mometaskers

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I'd say just keep it. There might be crashes in the future but so far it's a steady rise for btc. Only cash out for your monthly expenses you can't pay with btc or for funding investments that you can only get with fiat.

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