Mining coins save or sell it? - page 33.

Mastsetad

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Quote from: jvc12 on December 10, 2016, 11:37:26 AM

Mining of bitcoin and saving it is good because it potential is high and it probably would get up to the moon in the future, if one is mining bitcoin and saving it for the future I think is right because saving is for the future and it could yield great potential in the future to come so mining bitcoin and saving it for the future is good.

Though savings bitcoin can make someone earn some good profits in long run as we can see the price growing these days and we believe it will keep growing, but i feel mining is not the best way of accumulating bitcoins as mining does not provide enough profits to you as much as you deserve by the hard work you might do with it.

jvc12

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Mining of bitcoin and saving it is good because it potential is high and it probably would get up to the moon in the future, if one is mining bitcoin and saving it for the future I think is right because saving is for the future and it could yield great potential in the future to come so mining bitcoin and saving it for the future is good.

DrGuns4Hands

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much better if you save it than selling it because bitcoins price are actually raising . and if you save it just like i said on other person i encounter here try to put it on gambling sites bankroll and you can have more stable income than trading it. because ive never tried to trade my coins because im so scared that i can be easily fool on those scammers.

StarofBTC

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Quote from: GregH37 on December 09, 2016, 07:34:35 AM

Quote from: Xester on December 08, 2016, 10:40:50 PM

you need to identify the coins that has a good road map then after mining try to keep them for a short time then later when the price is already good then sell it.

As per I have analyzed, bitcoin mining will be profitable only when we are considering about future price levels. But miners need some running capital in order to maintain their business and that is the reason they need to sell some part of reward bitcoins. Saving some 10% of total reward will be more than enough to get huge profits in upcoming years.

It also depends on your mining power because low mining power will cost you more than what you might earn, but yeah if you see the future price you are in profits actually. I am a little miner myself and I save all that I earn, I am either gambling with my coins or just keep them in wallet, do not know if it is called holding hehe

ubitcoin

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Quote from: calkob on December 04, 2016, 05:17:54 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?

There is noway you can lose on the coins in the medium to long term bar some catastrophe that befalls bitcoin. hold in my opinion.

Actually if I was a miner I could take the electricity cost and all other costs that are needed to pay the bills and what's left I would invest in the bitcoins itself ( holding in general ) because knowing the price takes serious jumps and actually you are in no loss even while you are holding since you are already paying all bills and necessary expenses.

GregH37

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Quote from: Xester on December 08, 2016, 10:40:50 PM

you need to identify the coins that has a good road map then after mining try to keep them for a short time then later when the price is already good then sell it.

As per I have analyzed, bitcoin mining will be profitable only when we are considering about future price levels. But miners need some running capital in order to maintain their business and that is the reason they need to sell some part of reward bitcoins. Saving some 10% of total reward will be more than enough to get huge profits in upcoming years.

Xester

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Quote from: JC btc on December 08, 2016, 10:34:28 AM

If I were you if you meed money just sell the half and save the other half. But, if not it is better to save it especially now that bitcoin's price is increasing well. Or you invest it to other coins and try not to get it for a year. And come back after a year and tell us what happen.

Well there are things to consider when mining, I prefer new coins that are being released. They are easy to mine and you are very sure you can sell them like you are winning a jackpot. But of course observing the market is the best tool and a little patience. I have mined monero before when it is at 100k sats plus but the problem is my gpu got problematic 5 months later it was at 1 million satoshi plus. But the point is you need to identify the coins that has a good road map then after mining try to keep them for a short time then later when the price is already good then sell it.

Hung_Daddy

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Idk if my post will be buried but you should really save

i dont have much reason behind it tho lol

Just save when BTC goes up tho tbh

JC btc

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If I were you if you meed money just sell the half and save the other half. But, if not it is better to save it especially now that bitcoin's price is increasing well. Or you invest it to other coins and try not to get it for a year. And come back after a year and tell us what happen.

pacifista

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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?

Sell those coins which has no potential to be listed in exchange. If you mined some coins that has a big impact in the future bettet to save it to have a huge profit.

eternalgloom

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Quote from: Carlsen on December 08, 2016, 04:57:08 AM

Mining coins is usually under the purpose that money has to be earned.
If you save all of the coins, all you have is expenses for hardware and electricity, and no income.
In order not to have any losses I would at least sell the amount of coins that would cover my expanses.

That really depends whether you've started mining with a big enough investment to cover these expenses.
If you can just keep mining and not spend the coins you mine, it might be more profitable in the long run.

X-ray

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Quote from: Carlsen on December 08, 2016, 04:57:08 AM

Mining coins is usually under the purpose that money has to be earned.
If you save all of the coins, all you have is expenses for hardware and electricity, and no income.
In order not to have any losses I would at least sell the amount of coins that would cover my expanses.

Maybe if you have the money beside of the mining profit then you can afford the expenses of those things needed on mining, then you will make a saving from it. you're not going to lose anything by doing it by the way but you will save the money maybe under your conciousness
and saying it was loss to save is really wrong

Carlsen

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Mining coins is usually under the purpose that money has to be earned.
If you save all of the coins, all you have is expenses for hardware and electricity, and no income.
In order not to have any losses I would at least sell the amount of coins that would cover my expanses.

jvc12

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this personal choice either to sale or to save because no one can actually say the rate at which bitcoin is going but i think mining of bitcoins is the best because when bitcoin get to the moon when you decided to sell it you and I know that it yield a lot of profit maybe you must have been saving it when bitcoin price is low is good to save by that time.

Mr.grin

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mining coin, may be more pronounced advantage when you have a good mining hardware. Well, if not, maybe it will make a loss, and I would advise to sell. well, especially if you join or to mining with mining soft. but, you alone can make this into an advantage, but I've never tried to do a soft mining, and I guess it was not too favorable

Fappanu

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Quote from: Positid on December 04, 2016, 08:54:58 PM

Quote from: john2231 on December 04, 2016, 06:59:11 PM

Quote from: dhampir-D on December 04, 2016, 06:40:23 PM

It's been over a year since the last time I ventured in mining. I have mined some altcoins, but I sold most of them to buy Bitcoin. Today I do not regret it, because almost all of these coins fell in value, to a much lower value than they had at the time. But it will depend on which coin you are mining, and the potential it has to increase in value.

Well i am same mining some altcoin before that honestly it can gives you good profit.. i am waiting for the price increase before i sell my altcoin..
Since i have computer shop and some of them i use for mining and honestly it gives me a good profit with my shop..
Savings is more important and mining and sell it in the right time in order to make a good profit.

Patience is very important in that way, sometimes altcoins does not increase very fast like bitcoin, you need to have a goal before selling so you will be able to apply the right timing on selling your altcoins until it becomes a shit coins.

That is right. For the mined coins, it is better to save most of the coins, use some to pay for the mining cost.

Positid

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Quote from: john2231 on December 04, 2016, 06:59:11 PM

Quote from: dhampir-D on December 04, 2016, 06:40:23 PM

It's been over a year since the last time I ventured in mining. I have mined some altcoins, but I sold most of them to buy Bitcoin. Today I do not regret it, because almost all of these coins fell in value, to a much lower value than they had at the time. But it will depend on which coin you are mining, and the potential it has to increase in value.

Well i am same mining some altcoin before that honestly it can gives you good profit.. i am waiting for the price increase before i sell my altcoin..
Since i have computer shop and some of them i use for mining and honestly it gives me a good profit with my shop..
Savings is more important and mining and sell it in the right time in order to make a good profit.

Patience is very important in that way, sometimes altcoins does not increase very fast like bitcoin, you need to have a goal before selling so you will be able to apply the right timing on selling your altcoins until it becomes a shit coins.

john2231

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Quote from: dhampir-D on December 04, 2016, 06:40:23 PM

It's been over a year since the last time I ventured in mining. I have mined some altcoins, but I sold most of them to buy Bitcoin. Today I do not regret it, because almost all of these coins fell in value, to a much lower value than they had at the time. But it will depend on which coin you are mining, and the potential it has to increase in value.

Well i am same mining some altcoin before that honestly it can gives you good profit.. i am waiting for the price increase before i sell my altcoin..
Since i have computer shop and some of them i use for mining and honestly it gives me a good profit with my shop..
Savings is more important and mining and sell it in the right time in order to make a good profit.

dhampir-D

sr. member

Activity: 454

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It's been over a year since the last time I ventured in mining. I have mined some altcoins, but I sold most of them to buy Bitcoin. Today I do not regret it, because almost all of these coins fell in value, to a much lower value than they had at the time. But it will depend on which coin you are mining, and the potential it has to increase in value.

Harry Callahan

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Quote from: freedomgo on December 04, 2016, 05:23:12 PM

Quote from: calkob on December 04, 2016, 05:17:54 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?

There is noway you can lose on the coins in the medium to long term bar some catastrophe that befalls bitcoin. hold in my opinion.

Holding your coins is always a good option, but you must take into consideration that you have to sell something to cover your mining expenses as well. That's how you operate a business to continue profitable. You lose nothing if you prioritize to pay your expenditures and then just hold the rest.

I would say you should book your profits too as you never know what the price would be at a later stage and i would not take the risk of holding a coin for a longer period.It all depends upon which coin you are mining since there are a ton load of coins at the moment.

Topic: Mining coins save or sell it? - page 33. (Read 106756 times)