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Topic: Mining coins save or sell it? - page 73. (Read 106756 times)

sr. member
Activity: 420
Merit: 250
April 04, 2016, 12:52:33 AM
I'm new about mining coins, but i just start mining alt coins. And i think better you save it and wait, because it's have a change that coin's price can increase.
hero member
Activity: 770
Merit: 500
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April 04, 2016, 12:35:00 AM
selling only those coins which you need and save the other or try to invest it in some online or offline business, you willl definitely earn a big profit. as nowadays businesspersons are earning the big amount of wealth with their businesses.

Yes an online business is always good, you can earn also from investing.

Bitcoin miners need to save more coins, and then open up other busineses and invest in crypto things.
Just don't save them and keep them. Try to invest and make them to multiply the earnings. Once we already have an amount of bitcoin, wait until the price will increase.
i doubt that he should  invest it somewhere because investing gives big chance that he will lose all his bitcoins in short period of time

if i were you i would definitely just save it as it would be a great investment that would give you a lot of money in a long run, way more than if you sold it all right now before halving process price increase
sr. member
Activity: 574
Merit: 255
April 03, 2016, 10:51:04 PM
selling only those coins which you need and save the other or try to invest it in some online or offline business, you willl definitely earn a big profit. as nowadays businesspersons are earning the big amount of wealth with their businesses.

Yes an online business is always good, you can earn also from investing.

Bitcoin miners need to save more coins, and then open up other busineses and invest in crypto things.
Just don't save them and keep them. Try to invest and make them to multiply the earnings. Once we already have an amount of bitcoin, wait until the price will increase.
sr. member
Activity: 428
Merit: 250
April 03, 2016, 10:47:40 PM
selling only those coins which you need and save the other or try to invest it in some online or offline business, you willl definitely earn a big profit. as nowadays businesspersons are earning the big amount of wealth with their businesses.

Yes an online business is always good, you can earn also from investing.

Bitcoin miners need to save more coins, and then open up other busineses and invest in crypto things.
legendary
Activity: 1218
Merit: 1003
We are the champions of the night
April 02, 2016, 09:54:06 PM
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?

well it is risky,  but if you have lots of money in reserve to pay for fees and so, then save moondollars for more as you can, and if you don't have money then you should sell them when you can to get money for fees

I think yes it's risky, but i think you should mine only if your mined coins will be enough to pay for electricity and other stuff for mining.

Which majority cant afford lol.

Which is why most will buy a mining contract to off-set the cost and its why bitmains contracts are bought constantly.

If you can match the same costs as people over in china, then youre in a gold mine.

I do not think you can match the cost as people in China. It is not only the electricity cost, but the labor cost.

What labor cost?

You mean the setup for the miners for 1 time? Once they are the mining racks, I dont see any other labor invovled besides replacing the dead miners which shouldnt cost much.

Also labor is cheap in china..

If only it were that simple.  Miners will have too many HW errors and need to be rebooted, networking equipment will go out, power supplies will die, they will go down for no particular reason and need to be troubleshooted...  Running a lot of miners does take labor.
sr. member
Activity: 428
Merit: 250
April 02, 2016, 09:42:31 PM
probably sell it, the mining cost is very big ,and some miners are already in red

i think they hardly make profit if the electricity cost so its like a day job, hard to save money
sr. member
Activity: 476
Merit: 250
April 02, 2016, 07:45:40 PM
Well people will always try to hold their coins till they see the right moment to sell,when i started to trade i were thinking on the short profit (2 -3 hours) and i sold some altcoins for lower then i paid and on the next week the coin went 10 x up and currently it had achieved around 100x it were gmc i knew i should had hold it but i were with the short term on mind.
hero member
Activity: 798
Merit: 1000
April 02, 2016, 05:46:20 PM
I don't think that I will ever mine bitcoins, but yes I can surely buy some now and hold if for few months and sell when I am satisfied with the value of bitcoin at that particular time.
sr. member
Activity: 252
Merit: 250
April 02, 2016, 05:13:45 PM
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?

well it is risky,  but if you have lots of money in reserve to pay for fees and so, then save moondollars for more as you can, and if you don't have money then you should sell them when you can to get money for fees

I think yes it's risky, but i think you should mine only if your mined coins will be enough to pay for electricity and other stuff for mining.

Which majority cant afford lol.

Which is why most will buy a mining contract to off-set the cost and its why bitmains contracts are bought constantly.

If you can match the same costs as people over in china, then youre in a gold mine.

I do not think you can match the cost as people in China. It is not only the electricity cost, but the labor cost.

What labor cost?

You mean the setup for the miners for 1 time? Once they are the mining racks, I dont see any other labor invovled besides replacing the dead miners which shouldnt cost much.

Also labor is cheap in china..
hero member
Activity: 812
Merit: 1000
April 02, 2016, 04:49:26 PM
Buying and saving for future is the primary thing to do, as if you buy now then you can sell in future and get good returns on your investments which is the best thing.

Yeah for normal users it is right to buy at low and sell at high price to make profit, but for miners it is good to save the possible bitcoins to earn good profit when coins becomes unmineable.
But the major factor is that we don't know when to buy and when to sell, as price keeps on moving up and down, and we are not sure what would be the value of bitcoin very next day.
hero member
Activity: 575
Merit: 500
April 02, 2016, 04:25:23 PM
selling only those coins which you need and save the other or try to invest it in some online or offline business, you willl definitely earn a big profit. as nowadays businesspersons are earning the big amount of wealth with their businesses.
sr. member
Activity: 476
Merit: 250
April 02, 2016, 10:17:37 AM
Well if regrets could fix some actions i made in the past,some coins worth the time to wait to them get maturity,it may take up to 3 to 6 months to see a coin becoming stable,and daily traded with atleast 5-10 btc daily.Soo if you mined and dont need those money to pay your bills just hold it for a while or sell if you see the price is higgest on the last months.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
April 02, 2016, 08:36:23 AM
Buying and saving for future is the primary thing to do, as if you buy now then you can sell in future and get good returns on your investments which is the best thing.

Yeah for normal users it is right to buy at low and sell at high price to make profit, but for miners it is good to save the possible bitcoins to earn good profit when coins becomes unmineable.
full member
Activity: 168
Merit: 100
April 02, 2016, 12:52:04 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?

well it is risky,  but if you have lots of money in reserve to pay for fees and so, then save moondollars for more as you can, and if you don't have money then you should sell them when you can to get money for fees

I think yes it's risky, but i think you should mine only if your mined coins will be enough to pay for electricity and other stuff for mining.

Which majority cant afford lol.

Which is why most will buy a mining contract to off-set the cost and its why bitmains contracts are bought constantly.

If you can match the same costs as people over in china, then youre in a gold mine.

I do not think you can match the cost as people in China. It is not only the electricity cost, but the labor cost.
hero member
Activity: 812
Merit: 1000
April 01, 2016, 06:15:42 PM
Buying and saving for future is the primary thing to do, as if you buy now then you can sell in future and get good returns on your investments which is the best thing.
sr. member
Activity: 252
Merit: 250
April 01, 2016, 05:16:29 PM
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?

well it is risky,  but if you have lots of money in reserve to pay for fees and so, then save moondollars for more as you can, and if you don't have money then you should sell them when you can to get money for fees

I think yes it's risky, but i think you should mine only if your mined coins will be enough to pay for electricity and other stuff for mining.

Which majority cant afford lol.

Which is why most will buy a mining contract to off-set the cost and its why bitmains contracts are bought constantly.

If you can match the same costs as people over in china, then youre in a gold mine.
hero member
Activity: 812
Merit: 1000
April 01, 2016, 05:04:58 PM
Saving is the best thing to do at a moment as we will see much higher price at the time of halving so if we sell now it won't be profitable enough, so its better to save and hold.
hero member
Activity: 854
Merit: 500
April 01, 2016, 12:43:19 PM
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?

well it is risky,  but if you have lots of money in reserve to pay for fees and so, then save moondollars for more as you can, and if you don't have money then you should sell them when you can to get money for fees

I think yes it's risky, but i think you should mine only if your mined coins will be enough to pay for electricity and other stuff for mining.
full member
Activity: 238
Merit: 100
April 01, 2016, 11:09:35 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?

well it is risky,  but if you have lots of money in reserve to pay for fees and so, then save bitcoins for more as you can, and if you don't have money then you should sell them when you can to get money for fees
sr. member
Activity: 406
Merit: 250
April 01, 2016, 04:42:25 AM
Honestly I think saving them is much better now for the miners because of the halving that is coming this year.
After the halving it will be a lot more difficult to gain bitcoins by mining so saving them now is better and it should also be more profitable at the end.
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