Topic: Mining coins save or sell it? - page 48. (Read 106756 times)
I think that if you have enough money for life, you should save other coins, cause someday price will be much more bigger than in day when coin was mined.
Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
This comment was so right at the time. I hope OP took that as a good advice. BTC is $580 now so it was definitely not the right time to sell when it was below $300.
It depends on your purpose with the bitcoin. If you want to trade the bitcoin, then you should sell when the price is high.
If you are trader then you should take advantage of each and every fluctuation that you come across, and that will help you in making quick profits as majority of traders are doing the same.
if the rate is up, then you can sell your coins that you have mining, don't think that you need the rate is not good. when its up, then its time to sell it and reach profit as much as you can with your coins. but for bitcoin, i will keep it for a while and i will sell it when the rate is up, but its not now.
Current price cannot be considered to be a high price as its fallen dramatically in last few days, so if you are looking to make good profits then better to hold them for next few more months.
Exactly and if we compare it to the price before the halving then its really too low as we saw the price of $780 before halving and that was the best time to sell your coins.
Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
This comment was so right at the time. I hope OP took that as a good advice. BTC is $580 now so it was definitely not the right time to sell when it was below $300.
It depends on your purpose with the bitcoin. If you want to trade the bitcoin, then you should sell when the price is high.
If you are trader then you should take advantage of each and every fluctuation that you come across, and that will help you in making quick profits as majority of traders are doing the same.
if the rate is up, then you can sell your coins that you have mining, don't think that you need the rate is not good. when its up, then its time to sell it and reach profit as much as you can with your coins. but for bitcoin, i will keep it for a while and i will sell it when the rate is up, but its not now.
Current price cannot be considered to be a high price as its fallen dramatically in last few days, so if you are looking to make good profits then better to hold them for next few more months.
Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
This comment was so right at the time. I hope OP took that as a good advice. BTC is $580 now so it was definitely not the right time to sell when it was below $300.
It depends on your purpose with the bitcoin. If you want to trade the bitcoin, then you should sell when the price is high.
If you are trader then you should take advantage of each and every fluctuation that you come across, and that will help you in making quick profits as majority of traders are doing the same.
if the rate is up, then you can sell your coins that you have mining, don't think that you need the rate is not good. when its up, then its time to sell it and reach profit as much as you can with your coins. but for bitcoin, i will keep it for a while and i will sell it when the rate is up, but its not now.
Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
This comment was so right at the time. I hope OP took that as a good advice. BTC is $580 now so it was definitely not the right time to sell when it was below $300.
It depends on your purpose with the bitcoin. If you want to trade the bitcoin, then you should sell when the price is high.
If you are trader then you should take advantage of each and every fluctuation that you come across, and that will help you in making quick profits as majority of traders are doing the same.
Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
This comment was so right at the time. I hope OP took that as a good advice. BTC is $580 now so it was definitely not the right time to sell when it was below $300.
It depends on your purpose with the bitcoin. If you want to trade the bitcoin, then you should sell when the price is high.
Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
This comment was so right at the time. I hope OP took that as a good advice. BTC is $580 now so it was definitely not the right time to sell when it was below $300.
Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
This comment was so right at the time. I hope OP took that as a good advice. BTC is $580 now so it was definitely not the right time to sell when it was below $300.
I prefer to sell it when i receive my mining coins, especially on alt coins. Because i won't take any risk if the alt coin price become decrease, even have no price anymore.
Yeah its better to play with altcoins in short term instead of waiting too longer, as there is no guarantee how long it will survive and may disappear very quickly.
I used the bitcoin to trade with the altcoins such as Ethereum and Monero. Sometimes, I also trade litecoin.
I prefer to sell it when i receive my mining coins, especially on alt coins. Because i won't take any risk if the alt coin price become decrease, even have no price anymore.
Yeah its better to play with altcoins in short term instead of waiting too longer, as there is no guarantee how long it will survive and may disappear very quickly.
I prefer to sell it when i receive my mining coins, especially on alt coins. Because i won't take any risk if the alt coin price become decrease, even have no price anymore.
If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high.
Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you.
Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it.
I trade the bitcoin with some good altcoins. So even if the altcoin price drop, I will not panic, as they will rise in the future.
Go through the news related to altcoin, try to know about its history and what are the upcoming events related to it and if you find it potential then you should go for it.
You need to be very active and clever while you are into altcoin trading, and its really important to sell it at the right time as if you wait longer then there is a chance that altcoin will simply disappear and that will be a big loss for you.
Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
Well that is the main thing to do. Also these currency is for profit taking purposes so better take advantage when it's price pumps a little. But of course like I said, it's for profit taking only. No way it can reached that status of bitcoin today.
I think it is better not to sell the bitcoin when there is no price bubble. If the price rises to $5000 in the next 6 months, then it is better to sell some.
If the price rise about 20 percent of the current price then you can sell bitcoins. Then buy back again when the price drops, that way you will be earning more with the bitcoin you have. That is what I will do if I have some spare bitcoins to exchange.
That is what I am doing now. I bought some bitcoin recently and hold for the long time. If the price is very high, I will sell some.
That is the best way to play with your coins buy low and sell when you are making some profits from it and follow this cycle continuously to make regular profits.
I have some mined bitcoins. I hold most of the coins and use some of the coins to pay for the mining process.
Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
Well that is the main thing to do. Also these currency is for profit taking purposes so better take advantage when it's price pumps a little. But of course like I said, it's for profit taking only. No way it can reached that status of bitcoin today.
I think it is better not to sell the bitcoin when there is no price bubble. If the price rises to $5000 in the next 6 months, then it is better to sell some.
If the price rise about 20 percent of the current price then you can sell bitcoins. Then buy back again when the price drops, that way you will be earning more with the bitcoin you have. That is what I will do if I have some spare bitcoins to exchange.
That is what I am doing now. I bought some bitcoin recently and hold for the long time. If the price is very high, I will sell some.
That is the best way to play with your coins buy low and sell when you are making some profits from it and follow this cycle continuously to make regular profits.
Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
Well that is the main thing to do. Also these currency is for profit taking purposes so better take advantage when it's price pumps a little. But of course like I said, it's for profit taking only. No way it can reached that status of bitcoin today.
I think it is better not to sell the bitcoin when there is no price bubble. If the price rises to $5000 in the next 6 months, then it is better to sell some.
If the price rise about 20 percent of the current price then you can sell bitcoins. Then buy back again when the price drops, that way you will be earning more with the bitcoin you have. That is what I will do if I have some spare bitcoins to exchange.
That is what I am doing now. I bought some bitcoin recently and hold for the long time. If the price is very high, I will sell some.
Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
Well that is the main thing to do. Also these currency is for profit taking purposes so better take advantage when it's price pumps a little. But of course like I said, it's for profit taking only. No way it can reached that status of bitcoin today.
I think it is better not to sell the bitcoin when there is no price bubble. If the price rises to $5000 in the next 6 months, then it is better to sell some.
If the price rise about 20 percent of the current price then you can sell bitcoins. Then buy back again when the price drops, that way you will be earning more with the bitcoin you have. That is what I will do if I have some spare bitcoins to exchange.
I am saving all my coins for a long term investment. If you are doing this just to make an extra income then it is better to save it. Well if you want to sell it, you can spend the half to make profit and keep it growing. It is really hard to mine coins, we need more time and patience but worth it.
Buying now and saving for the future is the best decision to make, price is still low now so we can make efforts in collecting as much as we can, mining is not profitable for me so I will avoid that option.
I am saving all my coins for a long term investment. If you are doing this just to make an extra income then it is better to save it. Well if you want to sell it, you can spend the half to make profit and keep it growing. It is really hard to mine coins, we need more time and patience but worth it.
Buying now and saving for the future is the best decision to make, price is still low now so we can make efforts in collecting as much as we can, mining is not profitable for me so I will avoid that option.
I am saving all my coins for a long term investment. If you are doing this just to make an extra income then it is better to save it. Well if you want to sell it, you can spend the half to make profit and keep it growing. It is really hard to mine coins, we need more time and patience but worth it.
Some altcoins have potential for the long-term, but most of them is better to sell
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