Good plan?

[S3300]

The true story of this guy who could have been a millionaire if he waited just a big longer is my main lesson nowadays every time I think of selling coins or selling part of their rigs.

If I had held half my DOGE from 2013-2014 and sold, I would've ended up with $220k
If I held half my ETH from 2016, I would've ended up with $100k

I finally learned my lesson, bought a portfolio of coins in late 2018 and built a GTX 1060 rig in 2019 for just $140 per card. It was all I could afford after my warehouse went bankrupt. That rig paid for itself 5-6x over and I got a 9x return on my coins.

This time, I will mine with a dozen rigs during this bear market regardless of how bleak the future looks for GPU PoW. I don't care if they make zero profit for 3 years in a row.

There is a lesson that I've ended up learning the hard way, do not sell all your coins or tokens even if you have to sell, always leave behind some small numbers just in case, selling some GPU to buy coins direct is a good strategy and selling all rigs for buying coins is a bad strategy too.

[FP91G]

The true story of this guy who could have been a millionaire if he waited just a big longer is my main lesson nowadays every time I think of selling coins or selling part of their rigs.

If I had held half my DOGE from 2013-2014 and sold, I would've ended up with $220k
If I held half my ETH from 2016, I would've ended up with $100k

I finally learned my lesson, bought a portfolio of coins in late 2018 and built a GTX 1060 rig in 2019 for just $140 per card. It was all I could afford after my warehouse went bankrupt. That rig paid for itself 5-6x over and I got a 9x return on my coins.

This time, I will mine with a dozen rigs during this bear market regardless of how bleak the future looks for GPU PoW. I don't care if they make zero profit for 3 years in a row.

There is a lesson that I've ended up learning the hard way, do not sell all your coins or tokens even if you have to sell, always leave behind some small numbers just in case, selling some GPU to buy coins direct is a good strategy and selling all rigs for buying coins is a bad strategy too.

I can tell you many stories when the coins that were mined in 2012-2015 died. Now the situation is different and sometimes too lazy to keep track of all the shitcoins in a few years that you mine. Most coins die.

[swogerino]

The true story of this guy who could have been a millionaire if he waited just a big longer is my main lesson nowadays every time I think of selling coins or selling part of their rigs.

If I had held half my DOGE from 2013-2014 and sold, I would've ended up with $220k
If I held half my ETH from 2016, I would've ended up with $100k

I finally learned my lesson, bought a portfolio of coins in late 2018 and built a GTX 1060 rig in 2019 for just $140 per card. It was all I could afford after my warehouse went bankrupt. That rig paid for itself 5-6x over and I got a 9x return on my coins.

This time, I will mine with a dozen rigs during this bear market regardless of how bleak the future looks for GPU PoW. I don't care if they make zero profit for 3 years in a row.

There is a lesson that I've ended up learning the hard way, do not sell all your coins or tokens even if you have to sell, always leave behind some small numbers just in case, selling some GPU to buy coins direct is a good strategy and selling all rigs for buying coins is a bad strategy too.

I can tell you many stories when the coins that were mined in 2012-2015 died. Now the situation is different and sometimes too lazy to keep track of all the shitcoins in a few years that you mine. Most coins die.

Then it can become a good idea to just convert all your coins to Bitcoin and hold,it is easy with 12 words seed phrases to not lose them.You can also sell many of the coins you have but that would never be a good idea in the long term so the best to do is to sell just the amount of coins for the needed money in case you need the money and the rest convert to real coins like Bitcoin to not suffer from pump and dump style which many altcoins suffer.

The future is looking brilliant as Bitcoin crashed to 30 in 2013 then in 2015 to 300 and then in 2018 to 3000 and now in 2022 to 30.000,notice a pattern here,if it comes true then 2027 should be Bitcoin crashing to 300.000 dollars.This is enough for me to keep a large part of my Bitcoin untouched and only sell low amounts.

[5W-KILO]

Bitcoin is the safest haven for crypto miners, convert your coins to BTC every week or days but something that I am when aware of is that a bear market is where you make names for yourself, things will get tougher and look hopeless but that's the time you should be doing the opposite, buy and keep mining coins cos on the long run it will favour you in ten folds.

[0verseer]

The true story of this guy who could have been a millionaire if he waited just a big longer is my main lesson nowadays every time I think of selling coins or selling part of their rigs.

If I had held half my DOGE from 2013-2014 and sold, I would've ended up with $220k
If I held half my ETH from 2016, I would've ended up with $100k

I finally learned my lesson, bought a portfolio of coins in late 2018 and built a GTX 1060 rig in 2019 for just $140 per card. It was all I could afford after my warehouse went bankrupt. That rig paid for itself 5-6x over and I got a 9x return on my coins.

This time, I will mine with a dozen rigs during this bear market regardless of how bleak the future looks for GPU PoW. I don't care if they make zero profit for 3 years in a row.

Och, that hurt. Guess those 'potential gains' eating you every day and harden you toward a long time holder. But for OP, diversification is fine if all he has was his mining rigs or the majority of his assets was mining rigs. You have to take into account that there is plenty of bearish news about mining ETH in future prospect terms. The difference this time, the PoS merge looks quite possible.

[FP91G]

The true story of this guy who could have been a millionaire if he waited just a big longer is my main lesson nowadays every time I think of selling coins or selling part of their rigs.

If I had held half my DOGE from 2013-2014 and sold, I would've ended up with $220k
If I held half my ETH from 2016, I would've ended up with $100k

I finally learned my lesson, bought a portfolio of coins in late 2018 and built a GTX 1060 rig in 2019 for just $140 per card. It was all I could afford after my warehouse went bankrupt. That rig paid for itself 5-6x over and I got a 9x return on my coins.

This time, I will mine with a dozen rigs during this bear market regardless of how bleak the future looks for GPU PoW. I don't care if they make zero profit for 3 years in a row.

There is a lesson that I've ended up learning the hard way, do not sell all your coins or tokens even if you have to sell, always leave behind some small numbers just in case, selling some GPU to buy coins direct is a good strategy and selling all rigs for buying coins is a bad strategy too.

I can tell you many stories when the coins that were mined in 2012-2015 died. Now the situation is different and sometimes too lazy to keep track of all the shitcoins in a few years that you mine. Most coins die.

Then it can become a good idea to just convert all your coins to Bitcoin and hold,it is easy with 12 words seed phrases to not lose them.You can also sell many of the coins you have but that would never be a good idea in the long term so the best to do is to sell just the amount of coins for the needed money in case you need the money and the rest convert to real coins like Bitcoin to not suffer from pump and dump style which many altcoins suffer.

The future is looking brilliant as Bitcoin crashed to 30 in 2013 then in 2015 to 300 and then in 2018 to 3000 and now in 2022 to 30.000,notice a pattern here,if it comes true then 2027 should be Bitcoin crashing to 300.000 dollars.This is enough for me to keep a large part of my Bitcoin untouched and only sell low amounts.

With each new market cycle, the rise in the price of bitcoin decreases. It may be safe to store savings in bitcoins, but the price of ethereum and ethereum classic can grow stronger. I do not recommend mining shitcoins in the hope of making big profits.

[Coinfarm ventures]

With each new market cycle, the rise in the price of bitcoin decreases. It may be safe to store savings in bitcoins, but the price of ethereum and ethereum classic can grow stronger. I do not recommend mining shitcoins in the hope of making big profits.

I still think speculatively mining altcoins is a good idea as long as it's cheaper to mine them than to buy them. I ran the numbers. In general, over the past 6 years it's always at least 30% cheaper to mine any coin than buy it. If price stays stagnant, it can easily be 50% cheaper to mine the coin. I will always have at least 1 rig for speculative mining.

BTC is definitely the safer coin and dominates the market cap during bear markets. It's probably better to HODL BTC while it's still falling, but trade it for altcoins when the market starts trending upward again.

[Ketesnuko]

Selling 40% is a good plan but buying crypto now is not a good plan, sell now and wait for the hehell crash in a few months then you buy.

Take me along when that hell of a crash happens because it's very hard to know when the crypto market bottom hits, some are saying BTC have already hit the bottom but like me I always do the opposite of what everyone is doing so I don't believe.

[Metroid]

Selling 40% is a good plan but buying crypto now is not a good plan, sell now and wait for the hehell crash in a few months then you buy.

Take me along when that hell of a crash happens because it's very hard to know when the crypto market bottom hits, some are saying BTC have already hit the bottom but like me I always do the opposite of what everyone is doing so I don't believe.

Many people are doing the same thing I have done in 2021, sold 80% of my eth too early for around 1500 usd, they are buying too early, at least when the bear market comes I have a lot more patience to buy cheap than when the bull market comes and then sell, how much greedy can somebody be? buying at extreme bottom is being greedy too, in 2018 I was too greedy, I got all the eth I could around 80 - 100 usd.  This time I will wait, my initial projection says btc will crash to 14k - 22k.

[FP91G]

With each new market cycle, the rise in the price of bitcoin decreases. It may be safe to store savings in bitcoins, but the price of ethereum and ethereum classic can grow stronger. I do not recommend mining shitcoins in the hope of making big profits.

I still think speculatively mining altcoins is a good idea as long as it's cheaper to mine them than to buy them. I ran the numbers. In general, over the past 6 years it's always at least 30% cheaper to mine any coin than buy it. If price stays stagnant, it can easily be 50% cheaper to mine the coin. I will always have at least 1 rig for speculative mining.

BTC is definitely the safer coin and dominates the market cap during bear markets. It's probably better to HODL BTC while it's still falling, but trade it for altcoins when the market starts trending upward again.

You do not take into account the latest changes in mining. Now a lot of people and companies are engaged in mining. You can earn profit if you have minimal electricity prices less 5 cents and video cards in your home, so you do not pay for maintenance and security.

[Coinfarm ventures]

You do not take into account the latest changes in mining. Now a lot of people and companies are engaged in mining. You can earn profit if you have minimal electricity prices less 5 cents and video cards in your home, so you do not pay for maintenance and security.

I took into account the tax advantages of mining. That is how it became 30%.