Mining coins save or sell it? - page 84.

phreaky

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Quote from: newcoins1978 on January 12, 2016, 04:42:30 AM

Quote from: gkv9 on January 12, 2016, 04:19:56 AM

Quote from: kpitti on January 12, 2016, 04:09:14 AM

If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.

But price rise chances are more, due to halving coming, and mind well, price will rise before halving takes place...

Also, if I would be mining, whether in profit or not, I would definitely prefer to save if I have nothing to use my coins for... Wink

I would prefer to do this as well if I were a miner.
Then again it wouldn't a bad idea to sell some of it and save some coins as well.
That way you won't lose anything either way.

True, but is just frustrating that in the next day it can go higher and you just sold it.
But is nice to just hold a couple of it and the rest try to trade and earn money.

A lot of people is saving so yeah everything is fine if you are good with those stuff.

newcoins1978

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Quote from: gkv9 on January 12, 2016, 04:19:56 AM

Quote from: kpitti on January 12, 2016, 04:09:14 AM

If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.

But price rise chances are more, due to halving coming, and mind well, price will rise before halving takes place...

Also, if I would be mining, whether in profit or not, I would definitely prefer to save if I have nothing to use my coins for... Wink

I would prefer to do this as well if I were a miner.
Then again it wouldn't a bad idea to sell some of it and save some coins as well.
That way you won't lose anything either way.

gkv9

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Quote from: kpitti on January 12, 2016, 04:09:14 AM

If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.

But price rise chances are more, due to halving coming, and mind well, price will rise before halving takes place...

Also, if I would be mining, whether in profit or not, I would definitely prefer to save if I have nothing to use my coins for... Wink

chokesir

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Quote from: kpitti on January 12, 2016, 04:09:14 AM

If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.

Very true gambling is like gambling indeed only it take so long to see if it drops or increase. For now I think is just better to hold it. I think when bitcoin increase after the halving I think he will make profit with it.

kpitti

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If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.

MaritiJames3

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Save 60% and sell 40% that's the best way to go when you're mining. If you keep holding on to 60% every time, you could still sell those coins when the price increases.

So it's a win win for you either way.

LuckyYOU

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I think it's best to save some and sell some as well
save more than you sell though, and just wait for the price to increase

The Last Choice

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it depends of the coin, if the coin have long life maybe i will sell latter. better to hold for best price and sell it

fuathan

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Aleph.im

The ratio should be 60-40. You should save 60% of your mining for long term plans.

Blawpaw

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I always sell 90% of the coins I'm mining and hold 10% of them. It's always wise to hold some of them. Who knows you might hit the golden pot!

calkob

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if i was mining coins right now i would be storing them untill at least after the halving. i think they will be worth alot more then.

WhatTheGox

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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?

It depends because you cant save all bitcoins you mine if you run a decent sized opperation. You could save all the profit from coins you make and just cash in for electric. But it also depends on how old you are and any other investments + income. I know i suggest saving as much as possible.

OrangeII

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I guess mine coin is one way to save money at the same time add to it, but it takes a long time for it, so I guess it's better than selling coins miners

XinXan

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Quote from: Kalder on January 11, 2016, 10:15:53 AM

Quote from: The Sceptical Chymist on January 10, 2016, 09:52:16 PM

If you can afford to save the coins you mine then I say do it. I think we're going to have a financial catastrophe somewhere in the relatively near future, and Bitcoin may come in handy. Who knows though. You should save for the future however you can. You might even live to spend it all. Wink

Save some or most or all. The mining is equivalent to converting your fiat into bitcoin, so it is better to hold them.

The problem with that is that people in the real world need fiat to buy things like food and other essential things on a daily basis, that's why you can't save most of it, normally, unless you are already rich or have a really good income.

Kalder

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Quote from: The Sceptical Chymist on January 10, 2016, 09:52:16 PM

If you can afford to save the coins you mine then I say do it. I think we're going to have a financial catastrophe somewhere in the relatively near future, and Bitcoin may come in handy. Who knows though. You should save for the future however you can. You might even live to spend it all. Wink

Save some or most or all. The mining is equivalent to converting your fiat into bitcoin, so it is better to hold them.

The Sceptical Chymist

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If you can afford to save the coins you mine then I say do it. I think we're going to have a financial catastrophe somewhere in the relatively near future, and Bitcoin may come in handy. Who knows though. You should save for the future however you can. You might even live to spend it all. Wink

BellaBitBit

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If I had mined to get my bitcoins I would surely hodl hodl. Seems like time and money going into it to sell so soon but that is up to you. I expect the price to move higher over the next couple years.

btcprospecter

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If it was me I would save atleast a quarter of what I was mining and convert the rest if I needed it. But if you can hold of cashing in I would think what people must be thinking who mined bitcoin at the very beginning and sold before the big price rise.

Alubert

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Quote from: jt byte on December 22, 2015, 03:40:33 AM

If you are able to make profits out of selling your bitcoins at the time, you should go for it. I would advice you not to sell it all at once, you could sell 60% and hold 40% of your bitcoins. You never know if the bitcoin price will rise or not, so you should always have some bitcoins holding back.

If you have to sell some to cover your cost, then do it. Otherwise save as much as you can.

Kalder

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I mine coins, that is similar to buying the coins indirectly. I hold most, and use some to buy things. These coins is the same as paying the electricity.

Topic: Mining coins save or sell it? - page 84. (Read 106756 times)