Mining coins save or sell it? - page 86.

Hannu

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RIP: S5, A faithful device long time

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?

Invest 50%, Save 25% and Use rest what is left? USD? Lips sealed

Alubert

full member

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It is better to hold most of the coins and use some of those coins to cover the mining cost. Usage can increase the value of bitcoin.

Hashminers

sr. member

Activity: 336

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Just save it your coins for now, try to save some and the 25% of it just sell it or invest tit for something.
For me I won't just save it all or sell it all. I will just do both.

Rizky Aditya

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I would definitely save if I were in your shoes. You will make quite a lot of profit, whereas if you sold, you wouldn't make anything.

Kalder

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Quote from: Lituation on November 26, 2015, 05:09:53 PM

I think you should convert them only for your needs (electricity bill etc.) and save the rest. You can make a good profit with this strategy.

It is a good advice. I will just use the portion which I will convert to buy goods directly. Converting costs money.

justspare

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Activity: 1022

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At this time. Yeah. Definitely save your coins. At the rate Bitcoin's price is rising. You will make a lot of profit even if you save for a couple of days let alone couple of months.

bearex

hero member

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I would keep the coins as an investment. Just like i buy coins from an exchange.

Erzatium

sr. member

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Saving it for long term is good choice just do that.
But I haven't mine so I am not that expert, but good luck to you in the future.

Zaun

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Forza Roma

If you're looking to do this on the long term, it's best to save and hold. Up until the point that you can make some good profits.
It's best to keep a look out on the value of bitcoin every now and then so you know when the best it is to sell.

foxbitcoin

sr. member

Activity: 593

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It should depend on your situation. Do you need to sell it to pay for the maintenance and electricity costs? If so, you have to sell part of it. Then set you target for selling them and follow it. You should keep in mind that bitcoin may be up or down. No one knows that for sure.

Amph

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Quote from: lolgato on December 13, 2015, 09:03:50 PM

Its best to wait then sell them for the price spike and do it before dumpers.

yeah this would be selling high buying low, which is trading, and it's not so easy as it seems

where is the next top now? you can't know it, better to save for a better value, which make you more comfortable to sell, if the current price is what you've waited for then sell for it

Pierre 2

legendary

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Save it and just try to smell crashes.
If you feel or just see crash is gonna happen, sell them.
Then don't forget to buy back after it is low.

DrLove2048

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Quote from: pereira4 on December 13, 2015, 05:57:18 PM

If I was a miner the only coins I would sell would be those that allow me to pay the bills, the rest I would keep them for the long term and I would probably never sell them for fiat but to spend them on goods and services offered directly in exchange of BTC.

If I ever got into mining this would be my plan. Enough to cover the bills and the rest to sit on for an investment. It just seems like the most logical way to do it, as your then essentially getting 'free' money

bamboylee

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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?

I think it is a good idea to hold your coins. The prediction is bitcoin will go up in price, so if you hold it for a longer time, you can have a better profit than dumping it now. Or you can also trade it so than the coins will not be idle.

lolgato

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Its best to wait then sell them for the price spike and do it before dumpers.

pereira4

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If I was a miner the only coins I would sell would be those that allow me to pay the bills, the rest I would keep them for the long term and I would probably never sell them for fiat but to spend them on goods and services offered directly in exchange of BTC.

bitcoin-hunter

sr. member

Activity: 364

Merit: 250

Quote from: sishendaoye on December 13, 2015, 01:35:37 PM

Mining is not profitable if you are not investing at least 20k in equipment etc. With less funding It would be more convenient to speculate and save or just save your coins.
It takes less time and without any hassle you directly profit from the price increase of bitcoin.

Very true that is why I am just getting bitcoins thru signature campaign and other stuff to get bitcoin.
Also with mining paying the power is just expensive.

sishendaoye

sr. member

Activity: 434

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Mining is not profitable if you are not investing at least 20k in equipment etc. With less funding It would be more convenient to speculate and save or just save your coins.
It takes less time and without any hassle you directly profit from the price increase of bitcoin.

eternalgloom

legendary

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Quote from: Lasergun on November 26, 2015, 05:13:01 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?

If we are speaking about the alts, the best decision - is to sell your coins during the first pump. When you are not sure regarding the exact sell price, you should always sell only the half of the coins and if price will go more up, sell again the half, etc.

Yeah if you're looking at it as a long term investment, it's a good idea to save those Bitcoins and convert any altcoins to Bitcoin.
But relying on pumps wouldn't be my strategy though.

Coin0fMisery

newbie

Activity: 28

Merit: 0

If i would mine coins i would keep em. The risk you are facing is the same as all other people who buy bitcoin from exchanges or any other source. The price might rise, the price might fall, you never know. You could try selling half and keeping half.

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