selling my mined btc for euro instead of usd - page 3.

madken7777

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Quote from: sonofacoin on November 23, 2014, 03:37:42 PM

Quote from: neurotypical on November 23, 2014, 02:05:12 PM

EUR is trash these days. Get on some migthy dollar, it cant fail.

That is why you want to invest in Euro... because it is trash now.

Buy High Sell Low Much?

How low is low and how high is high?

Trend trading is much better and you can make up the profit difference by winning more often.

Endersgamer

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www.secondstrade.com - 190% return Binary option

Vote for : US $

sonofacoin

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Quote from: countryfree on November 23, 2014, 07:23:24 PM

The safest option is always to diversify. Get both currencies, $ and €. Some Swiss francs and British pounds are also nice.

I agree with diversification in general but the idea above is terrible.

In the case of currencies you are pretty much generating a Zero Net Return. For instance the dollar goes up, the euro goes down. And viceversa, that is how it works.

Diversification that works would be buying into a currency, then into a commodities like coffee, and then get some equities like stocks in Apple.

countryfree

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Your country may be your worst enemy

The safest option is always to diversify. Get both currencies, $ and €. Some Swiss francs and British pounds are also nice.

sonofacoin

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Merit: 10

Quote from: neurotypical on November 23, 2014, 02:05:12 PM

EUR is trash these days. Get on some migthy dollar, it cant fail.

That is why you want to invest in Euro... because it is trash now.

Buy High Sell Low Much?

neurotypical

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EUR is trash these days. Get on some migthy dollar, it cant fail.

sonofacoin

member

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Merit: 10

To OP,

your profile says you live in New York... so why buy Euros?

The USD is very strong and may get stronger against Euro an other currencies. But perhaps, if you don't need the money right away, you may want to sell the Bitcoin to Euros, or even Japanese Yen. Something that has been beaten up. And wait until these currencies bounce.

If you feel like you can place riskier bet, I would trade them to Russian Rubles and wait a year or so to triple your money

yayayo

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Quote from: rkinnin on November 23, 2014, 10:26:17 AM

Quote from: yayayo on November 22, 2014, 07:03:11 AM

Why would Euro be any better than USD? It's both worthless fiat money.

Unless you're in the Euro zone there's no advantage.

Better sell them for precious metals. Or just keep Bitcoin and spend them directly on things you need.

ya.ya.yo!

Is there a way to buy metals directly with btc??

Yes! In fact precious metals were among the earliest goods offered for bitcoin.

For example:
https://www.amagimetals.com/
Thread: https://bitcointalksearch.org/topic/amagi-metals-best-prices-of-gold-silver-for-bitcoins-130831

Just as an example - I'm not endorsing this particular dealer, there are a lot of other options to buy gold/silver with bitcoin. Just search around.

ya.ya.yo!

Gargulan

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Does it really matter if you sell it in Euro instead of USD?

onemorebtc

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i like localbitcoins. did many eur trades their: but i guess it depends on your location and volume

rkinnin

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Quote from: yayayo on November 22, 2014, 07:03:11 AM

Why would Euro be any better than USD? It's both worthless fiat money.

Unless you're in the Euro zone there's no advantage.

Better sell them for precious metals. Or just keep Bitcoin and spend them directly on things you need.

ya.ya.yo!

Is there a way to buy metals directly with btc??

Swordsoffreedom

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Quote from: rkinnin on November 20, 2014, 01:17:58 PM

Wouldn't it be better for me to sell my mined btc for EURO instead of USD?? I typically sell the mined product on coinbase.

would appreciate any and all thoughts.

thanks!

It depends on which one you think will apreciate more in price
Considering the Eurozone and the USD are both in a mess of sorts
I would say go with the dollar for now but if the arbitrage gets significant switch.

yayayo

legendary

Activity: 1806

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Why would Euro be any better than USD? It's both worthless fiat money.

Unless you're in the Euro zone there's no advantage.

Better sell them for precious metals. Or just keep Bitcoin and spend them directly on things you need.

ya.ya.yo!

sanimirza

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Our trouble isn't explaining this to children, they'll be able to learn about it on their own, the trouble is the grown adults who are in total denial about it.

lyth0s

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World Class Cryptonaire

If you're asking if you should hold some euro instead of USD, that might not be a bad a choice.

canadaboy

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like it has been said fees fees fees but arbitrage
between currencies and btc can be very profitable
and at most times can be up to 5% to 10%
As bitcoin makes larger gains it can take some time for all currencies to correct their value

Elwar

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Viva Ut Vivas

Not sure what you are asking here.

I deal with dollars, bitcoins and euros.

The exchange prices are almost the same with the exchange rate.

I have found that there is a high demand in Europe for getting your euros into bitcoins as most exchanges make it very difficult.

But it helps to take out what you use to pay for things.

Then again, you should not be selling your mined btc.

NgGiselle

newbie

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Is it because of the higher price? The verification process of other exchanges may be more difficult than coinbase's. If you choose to exchange it to eur, wire transfer and currency conversion fees may apply. it can take some percentage of your payout.

hua_hui

legendary

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I think It should depend what currency you are using to pay for the electricity and overhead of mining business.

rkinnin

sr. member

Activity: 316

Merit: 250

Wouldn't it be better for me to sell my mined btc for EURO instead of USD?? I typically sell the mined product on coinbase.

would appreciate any and all thoughts.

thanks!

Topic: selling my mined btc for euro instead of usd - page 3. (Read 4973 times)