Topic: selling my mined btc for euro instead of usd (Read 4974 times)
That's not change something if you sell your mined btc for Euro instead of USD. Euro, like USD now are not strong, and it's the same thing, whatever you choice. Only one thing that you can do is HODL for better time, if you can.
euro is at its low price against USD
so if you convert your bitcoin to euro then possible that your money will grow when euro rise up and you will get more USD then current price
so if you convert your bitcoin to euro then possible that your money will grow when euro rise up and you will get more USD then current price
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!
would appreciate any and all thoughts.
thanks!
EURO is not so different from USD. But one good thing of EURO is that EURO is more strong than USD (which in last time is only paper, IMHO). But, I can advice you (if you can naturally) to wait for better time, because now price is so low for sell :/
Don't sell for euro/dollar. Buy as much you can with BTC, helping the btc-infrastucture! 
Seems like you're a senior member now 
Don't sell for euro/dollar. Buy as much you can with BTC, helping the btc-infrastucture!
The euro is weak lately. Take USD.
Yes, buy high, sell low!
No, better keep all the coins and only convert just enough to pay the electricity bills and hardware.
Better to keep money that you can use in a case of emergency if you are in the euro zone having USD is toilet paper
when EUR may fill a tank of gas
same in the US u can use Euro to wipe your A@#$( in case of emergency
Also the same with bullion coins
Sovereigns can be used in most parts of the world when not so popular in the US
i always the remember the 5B
bullion
blonds
beans
bullets
bible / books
and in our case in a BTC forum
Bitcoin added to the 5Bs
when EUR may fill a tank of gas
same in the US u can use Euro to wipe your A@#$( in case of emergency
Also the same with bullion coins
Sovereigns can be used in most parts of the world when not so popular in the US
i always the remember the 5B
bullion
blonds
beans
bullets
bible / books
and in our case in a BTC forum
Bitcoin added to the 5Bs
It will depend where you live - if in USA, then you will use USD of course, if in Europe - then EUR can be sometimes handy. If in other world parts or you are goind spend in the Net - then once again USD. Mostly all people in the Net are using USD, except may be Europe - when they are also using EUR.
There is no fundamental difference between EUR and USD. Both are fiat, easily manipulated.
Not to mention that USD and EUR are freely convertible and liquid markets. So effectively, there is no difference.
exactly no difference between the two, you could also chose gbp, and it would be the same
I did not see someone was talking about small money.
If it is small money, nobody gives a shit about it.
If it is bigger money, then everybody can use forex or transferwise.com etc.
If it is small money, nobody gives a shit about it.
If it is bigger money, then everybody can use forex or transferwise.com etc.
It will depend where you live - if in USA, then you will use USD of course, if in Europe - then EUR can be sometimes handy. If in other world parts or you are goind spend in the Net - then once again USD. Mostly all people in the Net are using USD, except may be Europe - when they are also using EUR.
There is no fundamental difference between EUR and USD. Both are fiat, easily manipulated.
Not to mention that USD and EUR are freely convertible and liquid markets. So effectively, there is no difference.
As long as you have convertible currencies, there is no problem.
Just be away from EM.
Just be away from EM.
The only people trading in EM currencies would be people in EM.
There is no danger of people in developed countries selling bitcoins for EM currencies.
As long as you have convertible currencies, there is no problem.
Just be away from EM.
Just be away from EM.
It will depend where you live - if in USA, then you will use USD of course, if in Europe - then EUR can be sometimes handy. If in other world parts or you are goind spend in the Net - then once again USD. Mostly all people in the Net are using USD, except may be Europe - when they are also using EUR.
There is no fundamental difference between EUR and USD. Both are fiat, easily manipulated.
Not to mention that USD and EUR are freely convertible and liquid markets. So effectively, there is no difference.
It will depend where you live - if in USA, then you will use USD of course, if in Europe - then EUR can be sometimes handy. If in other world parts or you are goind spend in the Net - then once again USD. Mostly all people in the Net are using USD, except may be Europe - when they are also using EUR.
There is no fundamental difference between EUR and USD. Both are fiat, easily manipulated.
It will depend where you live - if in USA, then you will use USD of course, if in Europe - then EUR can be sometimes handy. If in other world parts or you are goind spend in the Net - then once again USD. Mostly all people in the Net are using USD, except may be Europe - when they are also using EUR.
If your concept is buy at the lowest price then euro is the option. Usd is rallying against all currencies right now. If buying based on trend then basically you are going against the flow. Either way it still goes back to similar like betting euro against usd. Hope you've made the right choice. Heard they say the usd rally is just at its beginning
You never know for sure when exchanging currencies was it dollar to euro or GBP or something else.
But like he said if you are for lowest price then euro for sure.
If your concept is buy at the lowest price then euro is the option. Usd is rallying against all currencies right now. If buying based on trend then basically you are going against the flow. Either way it still goes back to similar like betting euro against usd. Hope you've made the right choice. Heard they say the usd rally is just at its beginning
Quote
If I were you, would invest the money into some free time and reading books/forums or just thinking about the world. The answer you are looking for should be somewhat very clear. If it is not, you have lot to learn.
You said it nicely.
Read inform yourself invest borrow give with interest many possibilities.
You need to find it for you what is best and what makes you more money or BTC or some other crypto.
when you bet money you essentially bet everything. remember that.
This is something that my dad tell me all the time.
But your choice what you want to do with mined BTC sell or hold.
don't keep any euro!
euro is going to down like hell, just keep your bicoin or if you really need to exchange them for usd
euro is going to down like hell, just keep your bicoin or if you really need to exchange them for usd
i live in EU...
and unfortunately I have to confirm..
we are goin to test the 10 years bottom level...
maybee... 1.2
here ten years of EUR/USD
It does not matter if you want to hold Euro, USD, Gold, BTC or you invest the money elsewhere (for example into other people).
What matters is what you want to do with the money. Between USD and EUR is almost no difference, you can always exchange one to another for very low cost, both are fiat money, both are legal tender, both regulated etc.
If you need to buy fiat money, then ask yourself for what purpose:
If it is for consumption, buy the currency you are spending.
If it is for business, buy the currency in which you do the business.
If it is for savings then diversify the portfolio.
If I were you, would invest the money into some free time and reading books/forums or just thinking about the world. The answer you are looking for should be somewhat very clear. If it is not, you have lot to learn.
What matters is what you want to do with the money. Between USD and EUR is almost no difference, you can always exchange one to another for very low cost, both are fiat money, both are legal tender, both regulated etc.
If you need to buy fiat money, then ask yourself for what purpose:
If it is for consumption, buy the currency you are spending.
If it is for business, buy the currency in which you do the business.
If it is for savings then diversify the portfolio.
If I were you, would invest the money into some free time and reading books/forums or just thinking about the world. The answer you are looking for should be somewhat very clear. If it is not, you have lot to learn.
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.
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.
when you bet money you essentially bet everything. remember that.
I've experienced a very nice passive profit thanks to the bullrun the dollar is experiencing (I've stayed mostly in fiat since the China bans), I began trading in usd for liquidity and I stayed because it's appreciation against the EUR was an unexpected nice side effect.
Maybe best thing now os try to invest in some other crypto.
What is right at the moment no one knows, is it to sell it to buy it or to invest.
Think that we are in some middle state and soon something will happen was is bad or good.
What is right at the moment no one knows, is it to sell it to buy it or to invest.
Think that we are in some middle state and soon something will happen was is bad or good.
Sell if you want for what you want.
My advice dont sell yet w8 for some pumping on price and then sell if you want or invest now in some other alt.
My advice dont sell yet w8 for some pumping on price and then sell if you want or invest now in some other alt.
don't keep any euro!
euro is going to down like hell, just keep your bicoin or if you really need to exchange them for usd
euro is going to down like hell, just keep your bicoin or if you really need to exchange them for usd
i live in EU...
and unfortunately I have to confirm..
we are goin to test the 10 years bottom level...
maybee... 1.2
here ten years of EUR/USD
The safest option is always to diversify. Get both currencies, $ and €. Some Swiss francs and British pounds are also nice.
I disagree. It is most likely best to sell your mined bitcoin for your local currency (the OP appears to primarily buy things in US dollars) assuming that it is stable. It is generally expensive to buy and sell various currencies (you will generally lose between 1 and 5 percent by exchanging currencies on a small scale) so any "protection" you get from this diversification would result in you paying more in fees then your EV of diversifying your currency 
If you need a strong currency, then use Australian dollar.
EUR is trash these days. Get on some migthy dollar, it cant fail.
dollar may be mighty, but it's trash also
both are bad
leen93,
I agree with you that if something goes up does not have to come down just because it went up. Companies and currencies go belly up. So yeah I agree there.
So forgive me if I made it sound like the auroras to come up just because.
But the truth is that there are many reason why the euro will eventually head up in the next year. And without getting into much discussion I said that it will go up.
Printing Money so far has worked for USD. Which is the strongest fiat at this moment. Would it run forever up? of course not.
QE worked for US, I am betting Euro will also work.
Someone mentioned that if you don't need to sell, don't. And I think maybe that is OP's 1st step.
I agree with you that if something goes up does not have to come down just because it went up. Companies and currencies go belly up. So yeah I agree there.
So forgive me if I made it sound like the auroras to come up just because.
But the truth is that there are many reason why the euro will eventually head up in the next year. And without getting into much discussion I said that it will go up.
Printing Money so far has worked for USD. Which is the strongest fiat at this moment. Would it run forever up? of course not.
QE worked for US, I am betting Euro will also work.
Someone mentioned that if you don't need to sell, don't. And I think maybe that is OP's 1st step.
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.
I would disagree.. Trend trading will drive you to make more trades than you need to. And to secure a profit you will have to be right on every or most trades. The probabilities of that happening are low.
The reason I say buy Euro or Yen or Ruble is because they are priced at years lows. And we know neither of those currencies are going belly up. You may not see a return profit in a month or two months but you will get more ROI in the long run. And you won't have to be glued to your screen every day. Unless that's what you like...
But I will agree with you that if you are into day trading or swing trading, buy when they buy and sell when they sell. Just because day traders can do it fast enough.
don't keep any euro!
euro is going to down like hell, just keep your bicoin or if you really need to exchange them for usd
euro is going to down like hell, just keep your bicoin or if you really need to exchange them for usd
Why dont you keep it in your currency?
Perhaps it better or try something else.
Dollar is good, Euro is lame for me.
But if you can use some other currency perhaps GBP if you can.
Perhaps it better or try something else.
Dollar is good, Euro is lame for me.
But if you can use some other currency perhaps GBP if you can.
I prefer EURO cuz im from Europe.
But further more i like past time when DM was meaning to pay all over the Europe.
But further more i like past time when DM was meaning to pay all over the Europe.
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.
Yes, that's the plan. Commodities traders excepted, nobody sees fiat money as an investment. The idea is only to safeguard your cash against the sudden drop of a given currency. If you have a large sum of money to invest, there are other options than cash, but that isn't the question here.
Trading forex can be seen as an investment. Buy $1000 USD worth of Rubles now. And wait a year and sell back to USD. I bet you will be making 30% ROI easy. The reason: Russia hoarding gold to protect their economy and OPEC may cut oil production and oil may stabilize or get to $80 a barrel.
But yes, we are diverging from OPs question.
I guess I would answer yes, sell Bitcoin for Euros and save them for half a year. You would be getting 307 Euros per today's BTC price.
We are at almost all time historical USD to Euro rates. And Euro is about to approve their own version of quantitive easing. Which saved USA, should also save Europe from a crisis. I bet you can also get about 20% ROI.
But then again, at these bitcoin prices... why sell?
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.
Yes, that's the plan. Commodities traders excepted, nobody sees fiat money as an investment. The idea is only to safeguard your cash against the sudden drop of a given currency. If you have a large sum of money to invest, there are other options than cash, but that isn't the question here.
I think there is a problem that if the Bitcoin mining, currency exchange rates used is other than the US dollar, for example, the euro, the euro is now becoming one of the major competitors in terms of currency for European countries, it was made to drop the dollar dominance world, if you are using the euro as currency exchange rates on your mining, then it can increase price competition between the dollar and the euro, hopefully bitcoin prices will further increase and stable ... 
Wow... you really think a crypto coin with a market capital of less then $5 Billion USD can drive the price of a currency like the Euro ? (or any currency for that matter.)
Dreaming pretty high here! So high the line is a point.
I mean when we mine bitcoin will not be a problem if we change the price of mining bitcoin exchange into euros, the price of the current euro exchange sdh almost equal dollar even more
I think there is a problem that if the Bitcoin mining, currency exchange rates used is other than the US dollar, for example, the euro, the euro is now becoming one of the major competitors in terms of currency for European countries, it was made to drop the dollar dominance world, if you are using the euro as currency exchange rates on your mining, then it can increase price competition between the dollar and the euro, hopefully bitcoin prices will further increase and stable ...
Wow... you really think a crypto coin with a market capital of less then $5 Billion USD can drive the price of a currency like the Euro ? (or any currency for that matter.)
Dreaming pretty high here! So high the line is a point.
I think there is a problem that if the Bitcoin mining, currency exchange rates used is other than the US dollar, for example, the euro, the euro is now becoming one of the major competitors in terms of currency for European countries, it was made to drop the dollar dominance world, if you are using the euro as currency exchange rates on your mining, then it can increase price competition between the dollar and the euro, hopefully bitcoin prices will further increase and stable ...
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.
I would disagree.. Trend trading will drive you to make more trades than you need to. And to secure a profit you will have to be right on every or most trades. The probabilities of that happening are low.
The reason I say buy Euro or Yen or Ruble is because they are priced at years lows. And we know neither of those currencies are going belly up. You may not see a return profit in a month or two months but you will get more ROI in the long run. And you won't have to be glued to your screen every day. Unless that's what you like...
But I will agree with you that if you are into day trading or swing trading, buy when they buy and sell when they sell. Just because day traders can do it fast enough.
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.
Vote for : US $
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.
The safest option is always to diversify. Get both currencies, $ and €. Some Swiss francs and British pounds are also nice.
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?
EUR is trash these days. Get on some migthy dollar, it cant fail.
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
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
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!
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!
Does it really matter if you sell it in Euro instead of USD?
i like localbitcoins. did many eur trades their: but i guess it depends on your location and volume
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!
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??
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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!
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.
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!
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!
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.
If you're asking if you should hold some euro instead of USD, that might not be a bad a choice.
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
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
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.
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.
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.
I think It should depend what currency you are using to pay for the electricity and overhead of mining business.
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!
would appreciate any and all thoughts.
thanks!
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