Mining coins save or sell it? - page 88.

bitlancr

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Quote from: jaysabi on November 26, 2015, 04:15:19 PM

Quote from: bitlancr on November 26, 2015, 06:10:32 AM

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 your outlook is 12 months then i think saving is the best thing to do. The long term perspective for bitcoin is very good in my opinion.

Selling them at current prices is just too low. Holding on to them will make it you more profit by selling them at this 'low price'

12 months is not a long term horizon. If you're confident about the long term prospects of bitcoin, you should plan to hold for 5-10 years. As a point of comparison, look how much bitcoin has fallen in the last 12 months. People one year ago who were buying with the pipe dream of being rich 12 months later lost 50% of their money in bitcoin. It's only over very long timelines that bitcoin has the potential to make you bring you a nice return, but the risk is not absent. Bitcoin might not be a force in 5-10 years, it could be disrupted itself.

I understand that you think ghat 12 months is not very long, however the outlook for crypto is different. While real estate is bought for the mentioned periods, in crypto and stocks. 1 year is a long term. A company which don't perfoms in 1 year will see a decrease in price, since stockholders are both impatient and demanding.

My personal outlook towards the future is postive, there bitcoin is a strong buy.

jaysabi

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Quote from: bitlancr on November 26, 2015, 06:10:32 AM

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 your outlook is 12 months then i think saving is the best thing to do. The long term perspective for bitcoin is very good in my opinion.

Selling them at current prices is just too low. Holding on to them will make it you more profit by selling them at this 'low price'

12 months is not a long term horizon. If you're confident about the long term prospects of bitcoin, you should plan to hold for 5-10 years. As a point of comparison, look how much bitcoin has fallen in the last 12 months. People one year ago who were buying with the pipe dream of being rich 12 months later lost 50% of their money in bitcoin. It's only over very long timelines that bitcoin has the potential to make you bring you a nice return, but the risk is not absent. Bitcoin might not be a force in 5-10 years, it could be disrupted itself.

Amph

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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

foxkyu

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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?

If what do you mean with 'a lot of coins' is altcoin, then i'm not sure about it.

The most dangerous is when the dev leaves the project and no one want to takeover the project, then you are finish.

Your long investment is gone. Do research before start.

CyberKuro

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I do not quite understand, but I think it's better sell it and make money in the capital for other businesses, is all up to you, if you really need the money then selling lah, if you feel comfortable then save

CryptoBjorn

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Quote from: Slark on November 26, 2015, 10:44:13 AM

Quote from: Raimonn on November 26, 2015, 10:27:19 AM

If you don't need the money, wait to sell your bitcoins. Its possible that next year prices of bitcoin were bigger than now. (But it isn't 100% secure).

It is a good advice. Unless you are lacking money for you daily expenses then there is no reason to sell mined, or bought coins right away.
Always expect a bubble, for example yesterday bitcoins was worth $20 dollar less than it is worth today. In the long run this might be even bigger deal.

Well for me is a good advice I don't spend a lot of Bitcoin and money so I just save it.
And yes maybe today Bitcoin has increase but maybe tomorow will go down again.

Slark

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Quote from: Raimonn on November 26, 2015, 10:27:19 AM

If you don't need the money, wait to sell your bitcoins. Its possible that next year prices of bitcoin were bigger than now. (But it isn't 100% secure).

It is a good advice. Unless you are lacking money for you daily expenses then there is no reason to sell mined, or bought coins right away.
Always expect a bubble, for example yesterday bitcoins was worth $20 dollar less than it is worth today. In the long run this might be even bigger deal.

Raimonn

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If you don't need the money, wait to sell your bitcoins. Its possible that next year prices of bitcoin were bigger than now. (But it isn't 100% secure).

Moneyburner

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If you have the money to drop the $250 to mine it and then hold for that time I would.

Or you can split the difference. Sell half the coin to cover some of the costs and then save the other half for down the road

zodiac3011

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If you care about the long term? Save it wait for the changes in price of bitcoin and I can sure you will make a lot of profit from it. However, short term only? selling it is your only way Grin

bitcoinmagnet

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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.

i hate fiat currency, i wish i could pay my credit card bills with btcBTC and street sellers offer goods for btcBTC Tongue

acroman08

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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.

If that strategy your going to use, yeah it is better if you save it until you get the amount you
Desire but there still a risk that bit coin might have a price drop in this coming months, but that
Has a very low chance of happening. Just saying what is one of the risk of saving btc.

mouneshwar123

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Large scale, green crypto mining ICO

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.

OmegaStarScream

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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 didn't understand what "a lot of coins" means exactly , If you mean other alternative coins then it's up to you to see if that coin have potentials and if it exists since long time and it's not just another scam .
Now if we are speaking about Bitcoins then it's better to hold them for long term , at least till the next year when the halving block reward happens .

bitlancr

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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?

If your outlook is 12 months then i think saving is the best thing to do. The long term perspective for bitcoin is very good in my opinion.

Selling them at current prices is just too low. Holding on to them will make it you more profit by selling them at this 'low price'

TheLastSpicyTuna

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Activity: 49

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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?

Topic: Mining coins save or sell it? - page 88. (Read 106756 times)