Bitcoin Forum>Economy>Economics
Pages:
Author

Topic: Mining coins save or sell it? - page 55. (Read 106756 times)

mrhelpful
legendary
Activity: 1456
Merit: 1002
Re: Mining coins save or sell it?
July 12, 2016, 04:44:42 PM
#676
Quote from: outatime1 on July 12, 2016, 04:35:59 PM
I would suggest selling the altcoins that are not doing well because if they take a price drop, it's not likely that they will gain traction again. You could keep any altcoins that have potential to be good ones or are already worth something (ETH, DASH, etc). I would also keep bitcoins because they have the most potential.

I wouldnt suggest anyone into alt coins if they themself havent done any homework on it.

Just know also that the recent events with the ETH made people convert most into bitcoin for the time being.. due to past events which you can look up on.

outatime1
sr. member
Activity: 364
Merit: 254
CryptoTalk.Org - Get Paid for every Post!
Re: Mining coins save or sell it?
July 12, 2016, 04:35:59 PM
#675
I would suggest selling the altcoins that are not doing well because if they take a price drop, it's not likely that they will gain traction again. You could keep any altcoins that have potential to be good ones or are already worth something (ETH, DASH, etc). I would also keep bitcoins because they have the most potential.
universe_
sr. member
Activity: 448
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Re: Mining coins save or sell it?
July 12, 2016, 03:41:36 PM
#674
Quote from: sanas on July 11, 2016, 03:24:25 AM
Quote from: freedomgo on July 10, 2016, 04:55:53 AM
Quote from: sanas on July 10, 2016, 01:58:09 AM

I mine some altcoins, I usually sell most of them to get bitcoin. That is because the bitcoin is the major currency.

I believe you should keep your altcoins because they are gonna be big time in the future, it is imminent that when people think that a certain thing will not be big in the future the other way around happen, in investing we need to bet against the public to make money.

It depends on the quality of the altcoin. Some of them are good, most are scams. It is difficult to find a good one.
well yeah, most of the cryptocurrencies that are created right now usually turned out to be just scams and nothing else so i would most probably just sell it in order to take out as much profit as possible, if i would mine bitcoins then i would safe i guess
coin_gambler
sr. member
Activity: 462
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Re: Mining coins save or sell it?
July 12, 2016, 02:52:07 PM
#673
Quote from: sanas on July 12, 2016, 02:24:02 PM
Quote from: Posum578 on July 11, 2016, 03:47:08 AM
Sell some of them to pay mining cost and hold some of them also if the coin has good development
You will never know with future, maybe coin that you mine and hold some will more worth than today

I have other source of income apart from mining. So I do not have to sell the bitcoin to cover my mining.
well then most probably you are right though you must have a lot of hardware if mining is still profitable for you, i would definitely save all the bitcoins in my opinion
sanas
hero member
Activity: 546
Merit: 500
Re: Mining coins save or sell it?
July 12, 2016, 02:24:02 PM
#672
Quote from: Posum578 on July 11, 2016, 03:47:08 AM
Sell some of them to pay mining cost and hold some of them also if the coin has good development
You will never know with future, maybe coin that you mine and hold some will more worth than today

I have other source of income apart from mining. So I do not have to sell the bitcoin to cover my mining.
freedomgo
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
Re: Mining coins save or sell it?
July 11, 2016, 03:57:22 AM
#671
Quote from: Posum578 on July 11, 2016, 03:47:08 AM
Sell some of them to pay mining cost and hold some of them also if the coin has good development
You will never know with future, maybe coin that you mine and hold some will more worth than today
You need to sell to pay your expense in order to continuously operate the business, it is important that you know how to hold coins because the real benefit of your job will be felt the future, just pray that the coins you are holding will have a good future as we also have some kind of shit coins in the altcoins.
Posum578
sr. member
Activity: 336
Merit: 250
Re: Mining coins save or sell it?
July 11, 2016, 03:47:08 AM
#670
Sell some of them to pay mining cost and hold some of them also if the coin has good development
You will never know with future, maybe coin that you mine and hold some will more worth than today
sanas
hero member
Activity: 546
Merit: 500
Re: Mining coins save or sell it?
July 11, 2016, 03:24:25 AM
#669
Quote from: freedomgo on July 10, 2016, 04:55:53 AM
Quote from: sanas on July 10, 2016, 01:58:09 AM

I mine some altcoins, I usually sell most of them to get bitcoin. That is because the bitcoin is the major currency.

I believe you should keep your altcoins because they are gonna be big time in the future, it is imminent that when people think that a certain thing will not be big in the future the other way around happen, in investing we need to bet against the public to make money.

It depends on the quality of the altcoin. Some of them are good, most are scams. It is difficult to find a good one.
freedomgo
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
Re: Mining coins save or sell it?
July 10, 2016, 04:55:53 AM
#668
Quote from: sanas on July 10, 2016, 01:58:09 AM

I mine some altcoins, I usually sell most of them to get bitcoin. That is because the bitcoin is the major currency.

I believe you should keep your altcoins because they are gonna be big time in the future, it is imminent that when people think that a certain thing will not be big in the future the other way around happen, in investing we need to bet against the public to make money.
groll
sr. member
Activity: 336
Merit: 250
Re: Mining coins save or sell it?
July 10, 2016, 03:35:47 AM
#667
Quote from: Amph on November 26, 2015, 01:02:01 PM
sell those garbage they are not worth anything, i would keep only the top 5 altcoin in the marketcap or at worst the top 10

when i was instamining the altsection basically, i remember that i was mining and then selling very quicjly everything on the same announcement thread, very profitable experience

It's agreeable to sell miners especially old hardwares. But if you own new cores then you should continue mining. I suggest the author should sell the old hardwares and buy a new hardwares that is more efficient and less power consuming. Further if the present hardware is still profitable then just keep it for now. The mined coins should be divided into two, the other half should be sold and the other half should be save.
sanas
hero member
Activity: 546
Merit: 500
Re: Mining coins save or sell it?
July 10, 2016, 01:58:09 AM
#666
Quote from: Schuyler on July 08, 2016, 02:39:39 AM
Quote from: BitMaxz on July 07, 2016, 11:56:02 PM
Quote from: Hatuferu on July 07, 2016, 11:31:00 PM
Quote from: Laosai on July 07, 2016, 11:13:26 PM
Quote from: Hatuferu on July 07, 2016, 08:41:37 PM
Quote from: hermanhs09 on July 07, 2016, 08:01:40 PM
Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.
How do you sure guys that mining bitcoin will be profitable in the long term? i never heard developers are announce that bitcoin will be profitable in long term bitcoin is unpredictable and we dont know what will happen in the future if the price of bitcoin will still increase or not.
I think they are basing their predictions on past performance, which shouldn't be. Past performances can't be an indication of what the price in the future will be. Even if we are seeing trends that show an upward movement, we can never be sure if that will continue to be that way in the future.

I mine some altcoins, I usually sell most of them to get bitcoin. That is because the bitcoin is the major currency.
Schuyler
hero member
Activity: 518
Merit: 500
Re: Mining coins save or sell it?
July 08, 2016, 02:39:39 AM
#665
Quote from: BitMaxz on July 07, 2016, 11:56:02 PM
Quote from: Hatuferu on July 07, 2016, 11:31:00 PM
Quote from: Laosai on July 07, 2016, 11:13:26 PM
Quote from: Hatuferu on July 07, 2016, 08:41:37 PM
Quote from: hermanhs09 on July 07, 2016, 08:01:40 PM
Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.
How do you sure guys that mining bitcoin will be profitable in the long term? i never heard developers are announce that bitcoin will be profitable in long term bitcoin is unpredictable and we dont know what will happen in the future if the price of bitcoin will still increase or not.
I think they are basing their predictions on past performance, which shouldn't be. Past performances can't be an indication of what the price in the future will be. Even if we are seeing trends that show an upward movement, we can never be sure if that will continue to be that way in the future.
xIIImaL
legendary
Activity: 1372
Merit: 1005
Re: Mining coins save or sell it?
July 08, 2016, 01:42:26 AM
#664
Quote from: Text on July 07, 2016, 10:39:36 PM
Those big companies only can make a large profit from mining... If you still want to mine coins, you should know first what alt coin can take an advantage later on and will give you money. All you need to do now is to save them and invest some of it.

No need worry about those companies, if you wish you can do it, by that Safe them for a certain amount of time to see what the market price does. If nothing changes in two weeks then sell. Hopefully at a profit of how much you spent on the equipment that you bought to mine in the first place.
Jmild1
full member
Activity: 210
Merit: 100
Re: Mining coins save or sell it?
July 08, 2016, 01:29:52 AM
#663
Quote from: BitMaxz on July 07, 2016, 11:56:02 PM
Quote from: Hatuferu on July 07, 2016, 11:31:00 PM
Quote from: Laosai on July 07, 2016, 11:13:26 PM
Quote from: Hatuferu on July 07, 2016, 08:41:37 PM
Quote from: hermanhs09 on July 07, 2016, 08:01:40 PM
Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.
How do you sure guys that mining bitcoin will be profitable in the long term? i never heard developers are announce that bitcoin will be profitable in long term bitcoin is unpredictable and we dont know what will happen in the future if the price of bitcoin will still increase or not.
Given the good news on bitcoin surroundings. We see that the bitcoin is having a good progress and that's is the reason why there's a brighter future on bitcoin that will happen.
BitMaxz
legendary
Activity: 3374
Merit: 3095
BTC price road to $80k
Re: Mining coins save or sell it?
July 07, 2016, 11:56:02 PM
#662
Quote from: Hatuferu on July 07, 2016, 11:31:00 PM
Quote from: Laosai on July 07, 2016, 11:13:26 PM
Quote from: Hatuferu on July 07, 2016, 08:41:37 PM
Quote from: hermanhs09 on July 07, 2016, 08:01:40 PM
Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.
How do you sure guys that mining bitcoin will be profitable in the long term? i never heard developers are announce that bitcoin will be profitable in long term bitcoin is unpredictable and we dont know what will happen in the future if the price of bitcoin will still increase or not.
Hatuferu
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
Re: Mining coins save or sell it?
July 07, 2016, 11:31:00 PM
#661
Quote from: Laosai on July 07, 2016, 11:13:26 PM
Quote from: Hatuferu on July 07, 2016, 08:41:37 PM
Quote from: hermanhs09 on July 07, 2016, 08:01:40 PM
Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.
Laosai
sr. member
Activity: 462
Merit: 250
Re: Mining coins save or sell it?
July 07, 2016, 11:13:26 PM
#660
Quote from: Hatuferu on July 07, 2016, 08:41:37 PM
Quote from: hermanhs09 on July 07, 2016, 08:01:40 PM
Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
Jmild1
full member
Activity: 210
Merit: 100
Re: Mining coins save or sell it?
July 07, 2016, 11:12:02 PM
#659
Quote from: Text on July 07, 2016, 10:39:36 PM
Those big companies only can make a large profit from mining... If you still want to mine coins, you should know first what alt coin can take an advantage later on and will give you money. All you need to do now is to save them and invest some of it.
What do you mean companies? No one can profit in mining nowadays because of the cut that keep on happening to btc fee which is halving. The only year that bitcoin mining became profitable is the early years it had.
groll
sr. member
Activity: 336
Merit: 250
Re: Mining coins save or sell it?
July 07, 2016, 11:03:58 PM
#658
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?

If you are earning 80% less compared to what you are earning before then you should need to upgrade your hardware or your mining equipments. If you stick to your old miner in time it will just be purely maintenance. But as of now if it is earning well then you should stick to it. You should also stock your btc at the moment rather than selling all your share in the mining pool.
Mark02
full member
Activity: 224
Merit: 100
Re: Mining coins save or sell it?
July 07, 2016, 10:48:14 PM
#657
Quote from: Mickeyb on November 26, 2015, 04:51:31 PM
Definitely save them mate! 2016 is packed with many important dates and announcements of new features, etc. Also we have a halving that's coming. Price will surely go up in the next 12 months.

You can't lose at all in my opinion if you just hold on to them!

Yeah, if you have capital that will suffice your needs in your mining. Then you should save that and wait for its market price to rise. So you will have a larger profit. But, if you don't have that much money. I suggest you sell the half for your needs and save the other half and wait for its price to get high then sell.
Pages:
Bitcoin Forum>Economy>Economics
Jump to: