Mining coins save or sell it? - page 74.

wildan88

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Quote from: Kalder on January 21, 2016, 01:03:22 PM

Quote from: wildan88 on January 18, 2016, 09:26:11 AM

If you already feel profit it is better to directly sell and do not save too long. because altcoins unpredictability can sometimes quick scam

If you mine the altcoin, then it is better to sell it for uᴉoɔʇᴉq. But if you believe in that altcoin and the price will rise hgiher, then keep it.

lol of course altcoin will be exchanged and sell for bitcoin. all depends on the coin. if they have a low level of difficulty. I believe to hold.

Ulloa

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Quote from: Pab on March 31, 2016, 08:02:08 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?

depends what coins bitcon or alt
if you mine alt there is very few with some futere if you mine btc sell to pay your mining cost rest keep
i think btc will goes 650 that year

It will be nice if you have to patience to save your mining coins, so you can sell it later with some good profit and you will have than more money and that is perfect.
The most important thing that you need is just patience and not everyone have the patience for it and that can be bad, we all think that it will rise in the future.

ajrah

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Mining and saving coins is a good way ,and very profitable especially on the long trade ,but make sure for what coins to mine , so that it has a potential to have a great big value for the next months or year.

haileysantos95

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Quote from: DimensionZ on March 31, 2016, 11:52:34 PM

I have a friend of mine who does alt coin mining and he sells a portion of his mined coins every month to pay his bills and the rest goes into his stash. He also has a full-time job and this mining gig is just a second stream of income for him. I think it purely depends on your financial situation should you sell or keep the coins.

This is what majority of people do they dont put their life on the line in coins they have stable job to keep in at shape and just doing mining for a hobby with these people will really earn money.

lissandra

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Quote from: DimensionZ on March 31, 2016, 11:52:34 PM

I have a friend of mine who does alt coin mining and he sells a portion of his mined coins every month to pay his bills and the rest goes into his stash. He also has a full-time job and this mining gig is just a second stream of income for him. I think it purely depends on your financial situation should you sell or keep the coins.

Thats how it should be at all times lol.

Anyone who thinks differently thinking solely on alt coin is a fool.. and a bit of lack of follow through in detailed planning..

DimensionZ

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Shit, did I leave the stove on?

I have a friend of mine who does alt coin mining and he sells a portion of his mined coins every month to pay his bills and the rest goes into his stash. He also has a full-time job and this mining gig is just a second stream of income for him. I think it purely depends on your financial situation should you sell or keep the coins.

Kartikay

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I think you should save money at least june/july 2016. In that month bitcoin halving will take place,that will increase price tremendously.
Once the price is high enough, then selling is a good idea.

lolgato1

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Personally I would sell some coins so I can continue mining and keep some to save for future purposes and gain. Selling some coins to mine will help fund your electricity and some luxuries for yourself to enjoy but you need to save some.

Pab

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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?

depends what coins bitcon or alt
if you mine alt there is very few with some futere if you mine btc sell to pay your mining cost rest keep
i think btc will goes 650 that year

booblelp

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i save it

magemist

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Sell them now as you never know if the price will drop due to unseen circumstances.
Holding and holding could just be forever. Idle money that is not working for you is not productive.

mixan

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Quote from: Wapinter on March 31, 2016, 06:02:58 PM

Quote from: mouneshwar123 on November 26, 2015, 07:08:39 AM

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.

But you never know how long you have to wait for price to reach $500.I would suggest sell some and save some.Since you have 'lots of coins' you can keep selling even when you get $50 profit.But dont forget to save atleast half of your coins for future

But there is a defining marker coming up in June/July that could push the price closer to that $500 that he is waiting out for.

Wapinter

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Quote from: mouneshwar123 on November 26, 2015, 07:08:39 AM

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.

But you never know how long you have to wait for price to reach $500.I would suggest sell some and save some.Since you have 'lots of coins' you can keep selling even when you get $50 profit.But dont forget to save atleast half of your coins for future

mixan

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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.

RobFre

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I would personally save them, the Bitcoin seems to be a good long-term investment. Maybe you could sell just a little bit of them...

Kalder

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Quote from: romero121 on March 27, 2016, 06:09:52 AM

Mining coins need to be saved, because at present mining is profitable only if there is free availability of electricity.

With S7, if you pay $0.1 /kWh electricity price, the revenue is double of the electricity cost. If you pay $0.02, no profit at all.

CoinsRoyal

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Quote from: rio3233 on March 26, 2016, 12:21:44 PM

Quote from: Crazygreek on March 26, 2016, 12:02:07 PM

Probably better to save but anyway you need money to pay for electricity right? So both of answers is right.

Yes you are right, i always sell all my bitcoins for pay may electric bill. Because mining need electric lol. and i sell all my mining coins and turn it into fiat for buying something in real life.

Yes indeed, it is now good around this time to save it and not sell it because the value is not high enough for it.
But we have to wait for a higher value if you want to make some more profit later. But it will be later not that worth now the mining coins.

romero121

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Mining coins need to be saved, because at present mining is profitable only if there is free availability of electricity.

rio3233

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Quote from: Crazygreek on March 26, 2016, 12:02:07 PM

Probably better to save but anyway you need money to pay for electricity right? So both of answers is right.

Yes you are right, i always sell all my bitcoins for pay may electric bill. Because mining need electric lol. and i sell all my mining coins and turn it into fiat for buying something in real life.

Crazygreek

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Probably better to save but anyway you need money to pay for electricity right? So both of answers is right.

Topic: Mining coins save or sell it? - page 74. (Read 106756 times)