Should I sell ether | Bitcointalksearch.org

Za1n

legendary

Activity: 1078

Merit: 1011

Quote from: antonio123 on March 27, 2016, 04:39:59 PM

I'm currently mining about .5 ether per day. Should hold on to it or trade it for bitcoin?

Sell enough on a regular basis to offset any costs, such as electrical at least this way you are not going to lose anything, think of it as your are buying the ETH with your slightly higher power bill. Of course seeing you are only mining 0.5 ETH a day, I am guessing you are mining with one or two GPUs at roughly 25-30 MH/s hash-rate, so this might not be that much extra cost to your normal power bill.

Hold on to the rest for times when you think it is peaking and sell then. Right now it is low and I think we will see 0.03 again sometime soon. A nice piece covering Ethereum was published today at the NY Times so I think this will help to reverse the recent downtrend, even if temporarily. My point is to hold out for the peaks to sell and don't get scared off by the lows.

TPTB_need_war

sr. member

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Merit: 262

Quote from: andyatcrux on March 27, 2016, 05:04:16 PM

Now, getting to you question. If you can't afford the electricity or are trying to get your ROI on your GPU, then you should probably sell at least some of it. If not, then the best choice would probably be to follow your own intuition. I personally am holding what I am mining now but sold the first few hundred. Welcome to the forum by the way.

Profitable mining turns miners into P&D pumpers. Get rid of profitable mining and much of the P&D noise will disappear.

PapoXxX

jr. member

Activity: 58

Merit: 10

i think you need to hold it, read the market and the speculation about ether all over the forum, it will rise its for sure

bitboy11

hero member

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Merit: 500

Sell if you need the cash or if you believe the price has peaked for the moment.
Hold if you think it may go up soon and hopefully make more profit.

bitcoin carpenter

legendary

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Merit: 1001

If he's mining Ether there is no way he is new here.

Ether is on the cusp of a either full head and shoulders or a breakout. If I had to guess I'd say bear market has begun, but that is a guess.
If price drops to .024 with volume sell. If not hodl

andyatcrux

legendary

Activity: 938

Merit: 1000

I know your new here so I am going to advise that you don't start new threads for stuff like this. This is a question you could have asked in one of the many existing ETH threads. This forum is littered because of threads like this.

Now, getting to you question. If you can't afford the electricity or are trying to get your ROI on your GPU, then you should probably sell at least some of it. If not, then the best choice would probably be to follow your own intuition. I personally am holding what I am mining now but sold the first few hundred. Welcome to the forum by the way.

antonio123

newbie

Activity: 25

Merit: 0

I'm currently mining about .5 ether per day. Should hold on to it or trade it for bitcoin?

Topic: Should I sell ether (Read 673 times)