Mining coins save or sell it? - page 35.

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Quote from: Jiamaf on November 26, 2016, 08:06:22 AM

Quote from: CraigWrightBTC on November 25, 2016, 01:28:24 AM

If we are mining bitcoin save the coins become good choice because old miners save the coins then price going up, but if we are mining altcoins more good exchange them to bitcoins and always hold it (bitcoin) we just sell for pay electric cost and internet.

If you have other sources of income, and the cost of mining is small part of the income, it is better to save it.

I think for now much better to save all the bitcoin from mining because time to time the bitcoin price was increasing and i think before this year end it will gives us much higher price and that time will be the right time to sell our bitcoin.

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Quote from: CraigWrightBTC on November 25, 2016, 01:28:24 AM

If we are mining bitcoin save the coins become good choice because old miners save the coins then price going up, but if we are mining altcoins more good exchange them to bitcoins and always hold it (bitcoin) we just sell for pay electric cost and internet.

If you have other sources of income, and the cost of mining is small part of the income, it is better to save it.

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If we are mining bitcoin save the coins become good choice because old miners save the coins then price going up, but if we are mining altcoins more good exchange them to bitcoins and always hold it (bitcoin) we just sell for pay electric cost and internet.

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Quote from: n0ne on November 24, 2016, 08:08:44 AM

Whether its a small scale miner or large scale miner, other than for daily needs or emergency needs its better to save to get a good profit. The reason is that the price never expected to move down than going towards the rise.

Well said, savings is not an option in fact it’s a must to do thing even if one is earning lots of bitcoins. Saving not always means keeping bitcoins in cold storage, one can save by investing in lowest risk options but still in every condition there will be the fear of losing coins. I think one must keep bitcoins if he has faith in this technology and future otherwise it’s mere a gamble for him.

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Quote from: Jaxelrell on November 24, 2016, 02:36:12 PM

Quote from: Mark02 on November 23, 2016, 05:19:07 PM

Quote from: Watjila on November 23, 2016, 02:04:15 PM

Quote from: Wintersoldier on November 22, 2016, 09:51:21 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?

It is better to save it. Yet, do not let the value of your coin goes down. If you think that the highest rate of a coin was reached, then sell it or trade it.

If you have to pay for the miner and the electricity. Then you can use some mined coins to pay for that and save the rest.

Well right now I think it is recommended to sell your mined bitcoin since the price of BTC/USD is high. So, it will have you pay your electricity bills and other expenses. I think this time you can have more profit and if I were a miner I would buy another mining rig since bitcoins price is high.

I agree the fact is also that you than instantly make profit and you cannot lose money anymore by than, I think it would be the best way to make money right now if you are mining, the prices are good.

One should know his needs and it will be the basis of his decision, now if you are mining and you have mined great number of bitcoins, you do not need to sell them all if you can still continue your life selling only a portion of it. The future is really great for bitcoin as you can see the price has a good movement and we will be benefit more the more we hold it.

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Quote from: Mark02 on November 23, 2016, 05:19:07 PM

Quote from: Watjila on November 23, 2016, 02:04:15 PM

Quote from: Wintersoldier on November 22, 2016, 09:51:21 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?

It is better to save it. Yet, do not let the value of your coin goes down. If you think that the highest rate of a coin was reached, then sell it or trade it.

If you have to pay for the miner and the electricity. Then you can use some mined coins to pay for that and save the rest.

Well right now I think it is recommended to sell your mined bitcoin since the price of BTC/USD is high. So, it will have you pay your electricity bills and other expenses. I think this time you can have more profit and if I were a miner I would buy another mining rig since bitcoins price is high.

I agree the fact is also that you than instantly make profit and you cannot lose money anymore by than, I think it would be the best way to make money right now if you are mining, the prices are good.

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Quote from: n0ne on November 24, 2016, 08:08:44 AM

Whether its a small scale miner or large scale miner, other than for daily needs or emergency needs its better to save to get a good profit. The reason is that the price never expected to move down than going towards the rise.

it depends also on the currency you are mining. If it is a strong currency and would take long since there are many supporters, I sold 50% and let the another half on hold. But if its a coins with having a weak support and mostly survied on pump and dump. I sold it all without regrets. When it is performing well, then I start to buy again and trade.

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Mining is really good to save coins but if you are going to sell everything you've got in mining then try to hold atleast 20% of your coins this is realy good when the price is right then sell them but if you don't need money and you're not in rush then try holding them as long as you can.

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Quote from: Wandering Soul~ on November 24, 2016, 10:52:16 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?

Assuming that you are referring to bitcoins, It is better to sell and at the same time to save some also .

Bitcoins price is very volatile so the longer you keep it the greater your profits will be but I know miners need to pay electrical bills and you mine coins to earn some extra cash so it is inevitable to not spend your bitcoins .

So it's better to do both at the same time .

I think you can keep the vast majority into your wallet and hold them until the value is so good that you can make a nice profit from it. Otherwise, try to sell a portion that covers for your hardware and electricity cost.

I think if you put the numbers into a spreadsheet, you could visualize what is the best options for you.

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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?

Assuming that you are referring to bitcoins, It is better to sell and at the same time to save some also .

Bitcoins price is very volatile so the longer you keep it the greater your profits will be but I know miners need to pay electrical bills and you mine coins to earn some extra cash so it is inevitable to not spend your bitcoins .

So it's better to do both at the same time .

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Quote from: n0ne on November 24, 2016, 08:08:44 AM

Whether its a small scale miner or large scale miner, other than for daily needs or emergency needs its better to save to get a good profit. The reason is that the price never expected to move down than going towards the rise.

that's right keeping it will make you earn much bigger in the long run as we knew price will keep on moving up the more time
you give for it to hold the more chances that you will see more progress and value with its current price just keep in mind
that its an investment for long term.

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bitcoin price has kind of flat lined recently,so to make some kind of substantial profit you would need to hold it for a little while till the price goes up or invest in alt coins if you are looking for early profits.

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On managing altcoin, when i do mine some of those altcoins i do save for future and some i do make trading and roll it over so that it would grow. Before you intend to mine altcoins be sure to select the most potential coins now in the market so that your efforts would not come to waste when the time comes. Doing both saving and selling will surely give you profits on both ways.

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For me, multi-tasking is better. You can sell some of them and at the same time save the rest. You can sell your coins now if you have already stored or saved it for a long time, you can have enough profit. Saving is profitable too because the price of bitcoin still getting higher.

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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?

What kind of coins you are going to mine? The main reason why you are going to mine is to have coins then wait for the price high before you gonna sell it hold it and you will be if you are mining dailly it needs to save that and then sell it.

n0ne

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Whether its a small scale miner or large scale miner, other than for daily needs or emergency needs its better to save to get a good profit. The reason is that the price never expected to move down than going towards the rise.

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Assuming that I am a miner. If and only if I believe that bitcoin transactions will be increased rapidly next years, so I can not only cover my expenses but I have profit, I think that is better for a miner to earn from transaction fees than from mining new coins. As we read the commercial world in some well known cities with many tourists accepted the usage of bitcoins. https://cointelegraph.com/news/bitcoin-on-boulevard-25-shops-in-paris-ready-to-accept-bitcoin-for-payment

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I sold most of the altcoins I had mined, when it was possible to make some profit by mining it.
In the end most of the coins did not get to take off, so sell them was certainly the right thing to do.

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Quote from: mastica on November 23, 2016, 06:53:42 PM

Quote from: Mark02 on November 23, 2016, 05:19:07 PM

Quote from: Watjila on November 23, 2016, 02:04:15 PM

Quote from: Wintersoldier on November 22, 2016, 09:51:21 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?

It is better to save it. Yet, do not let the value of your coin goes down. If you think that the highest rate of a coin was reached, then sell it or trade it.

If you have to pay for the miner and the electricity. Then you can use some mined coins to pay for that and save the rest.

Well right now I think it is recommended to sell your mined bitcoin since the price of BTC/USD is high. So, it will have you pay your electricity bills and other expenses. I think this time you can have more profit and if I were a miner I would buy another mining rig since bitcoins price is high.

Bitcoin mining isnt suitable for the most people at the moment, some people keeps mining looosing all months a bit, their hope is to bitcoin reach once again 1000 dollars and with that they should be able to profit. There is a lot hash already and the reward has been reduced as well the dififcult has increased and keeps going up. Others altcoins might be a good time to dump them, but each one does know the best moment to sell those altcoins at the best price they believe the coin will achieve.

I agree, it's not profitable for small capitalist that's why if we can see, China is already taking over the mining business in bitcoin.

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Quote from: Mark02 on November 23, 2016, 05:19:07 PM

Quote from: Watjila on November 23, 2016, 02:04:15 PM

Quote from: Wintersoldier on November 22, 2016, 09:51:21 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?

It is better to save it. Yet, do not let the value of your coin goes down. If you think that the highest rate of a coin was reached, then sell it or trade it.

If you have to pay for the miner and the electricity. Then you can use some mined coins to pay for that and save the rest.

Well right now I think it is recommended to sell your mined bitcoin since the price of BTC/USD is high. So, it will have you pay your electricity bills and other expenses. I think this time you can have more profit and if I were a miner I would buy another mining rig since bitcoins price is high.

Bitcoin mining isnt suitable for the most people at the moment, some people keeps mining looosing all months a bit, their hope is to bitcoin reach once again 1000 dollars and with that they should be able to profit. There is a lot hash already and the reward has been reduced as well the dififcult has increased and keeps going up. Others altcoins might be a good time to dump them, but each one does know the best moment to sell those altcoins at the best price they believe the coin will achieve.

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