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Title: How to minimize risk of mining ALT coin Post by: needonemsdn on September 27, 2016, 10:33:36 PM I have been mining different coins for 3 months, the market is fluctuating day by day, and very risky.
Trying to minimize risk of sudden drop of value of coins, I have been trying to maintain the balance of all my accounts, 30% BTC 20% ETH 30% ETC 10% Cash (Pulling out) 10% All others(XMR, SC, LBR) I feel very high risk of price change and hacker attacks. Any one got better idea how to maintain lower risk? Title: Re: How to minimize risk of mining ALT coin Post by: tiggytomb on September 27, 2016, 10:53:42 PM If you want to start mining altcoins eth and etc not the best examples, spend some time checking out the altcoin section, just saying COVAL iS a good investment but You need to buy it it's not POW just giving you a heads up.
Title: Re: How to minimize risk of mining ALT coin Post by: LoneRangir on September 28, 2016, 01:04:53 AM You need to specify your ultimate goal. You can mine and hold a coin, or you can mine and dump. I'm sure there are other examples, too.
Title: Re: How to minimize risk of mining ALT coin Post by: arielbit on September 28, 2016, 01:29:36 AM the day you entered crypto currency ecosystem you already exposed yourself to risk ;)
Quote I feel very high risk of price change and hacker attacks. Any one got better idea how to maintain lower risk? the best solution about this is get out ahead of others as quickly as possible.. but you can also be shaken off with dump and pump, it is a wilderness out there... just learn and enjoy while both winning and losing. Title: Re: How to minimize risk of mining ALT coin Post by: LoneRangir on September 28, 2016, 01:32:59 AM True enough, but the question was how to minimize the risk, not to eliminate risk.
Look at the price of BTC over the last 3 months and look at ETH, XMR, SIA, DRC, etc..... There is the gold standard, the silver standard, and then the others. Title: Re: How to minimize risk of mining ALT coin Post by: u0000 on September 28, 2016, 10:32:32 AM Mine the most profitable then spread your risk by using the mined coin to buy other coins.
Title: Re: How to minimize risk of mining ALT coin Post by: needonemsdn on October 12, 2016, 07:31:34 PM Looks like ETC price crashed, if holding it for long, I am not very sure if it is going to comeback again, >:(
Sometime I feel safest is to convert it to dollars or BTC right the way. |