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Author Topic: Mining coins save or sell it?  (Read 106756 times)
bitlancr
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February 08, 2016, 02:06:06 PM
 #141

I think it is wiser to keep your coins. Because it obviously took a lot of time.
Namely because I think you can expect better sales because Bitcoin is not worth so much more now. And maybe later it much more valuable.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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MaritiJames3
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February 08, 2016, 02:16:15 PM
 #142

You should save it for later, the bitcoin has a really big future a head for all of us, I think it even has the best future a head of all currency's. Its just a matter of time till the bitcoin is gonna rise and we all can make profit.
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February 08, 2016, 03:12:25 PM
 #143

I would save them till the time comes to sell them.
The halving is also coming so that's a good thing for your stored bitcoins.

I think its best to hold them and sell them on a high amount.
Laosai
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February 08, 2016, 03:19:07 PM
 #144

Mining isn't very profitable. At the current rate, you gonna lose money, no doubt.

So better to consider mining as another way to transform fiat into bitcoin! Selling your hard mined coin for cash is a bit dumb (unless you get a huge mining farm) because you're not going to get any profit from it!

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February 08, 2016, 04:11:57 PM
 #145

i think you need keep a little and i think you need to sell your coins for cover electricity cost but if you not believe price will rise. sell all your earn from mining
Altynbekova
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February 09, 2016, 07:55:18 AM
 #146

If I were you, I will keep your mining coins.

Because I think it's going to be worth more later.

You have also inserted namely a lot of time.
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February 09, 2016, 08:19:13 AM
 #147

I would save what I earn from mining after I pay for cost I had.
Price of Bitcoin will go up in long term. It will help to get some more profit then.
Altynbekova
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February 09, 2016, 02:14:21 PM
 #148

I would save them till the time comes to sell them.
The halving is also coming so that's a good thing for your stored bitcoins.

I think its best to hold them and sell them on a high amount.


I agree with you. If I were you, I will be fine save your coins.

The fact is now quite low value, and I think it's going to be worth more later.

Oh well it is difficult to predict, because you do not control it yourself.
Kalder
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February 10, 2016, 12:21:54 PM
 #149

If you have a profitable mining setup keep the majority and just sell what you need to

I think it is a good idea to keep most of the coins. Just sell some to cover the cost and not to lose all.

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February 10, 2016, 12:57:16 PM
 #150

Admireable advises, keep your BTC, and save them for later.
Why are all this people arguing this way?

Whats their purpose in giving you this advise?
Do they gain any profit or revenue? No.
So, why should they give you the right advise for nothing in a forum which is especially made for a cryptocurrency with a captitalization around 6 billion dollars?
Pure brotherly love?
Nope.


A simple question, a simple echo. Keep it. The more people are involved, the more have to take care in BTC to grow even further.
Misery loves company.
The BTC rate is alternating between 370 and 400 dollars at the moment. As soon as we come close to the end of this year,
the Bitcoin Block Reward will be halved. 12.5 BTC per Block. Not more.
In order to achieve the same revenue,. the BTC rate would have to double.
Transactions fees do lower this, but not enough.
Why not increase transaction fess?
Well, this is obviously one of THE main reasons for BTC's success. The transactions were simple and cheap.
So, where does this road end?
Definitely in LESS revenue for miners, which substanitally add to the Bitchain.
My question now, if they recieve less revenue in general, why would it be wise to keep BTC atm?

my advise is, sell now at 400$, take what you can, and rethink any investment in 2017 and further until is safe again to make plans.
cheers.  

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Altynbekova
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February 10, 2016, 02:04:30 PM
 #151

I would if I were you good to keep, namely because it took so much trouble.

I think it's better if you start storing it properly.

Because the value is quite low now to sell it.
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February 10, 2016, 02:23:14 PM
 #152

of some of my experience it is better to be save. because usually the price will rise higher. I've been several times regretted sell directly

Newcoins2020
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February 10, 2016, 02:35:42 PM
 #153

I think its the best to save them now for later.
The halving is coming so I would wait for it

I also think the most miners would do that, because it will be difficult to mine after the halving.
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February 10, 2016, 08:28:20 PM
 #154

I think its the best to save them now for later.
The halving is coming so I would wait for it

I also think the most miners would do that, because it will be difficult to mine after the halving.

Exactly, saving at a moment can be more profitable, as we assume that the value would be higher after halving so each and every one of us is holding and waiting for the halving so that sell at the higher price.

trickshot22
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February 10, 2016, 09:06:30 PM
 #155

i would save it all and wait for a decent price increase to make a lot of money without too much effort
plost24
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February 11, 2016, 06:20:04 AM
 #156

i will save some and invest the rest to have some safe and take risk to have more at the same time

For rent 1.4 Bitcoin for 11 months starting Feb 1 2017
martinacar
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February 11, 2016, 12:20:45 PM
 #157

I think it's better if you save it goes. The fact has cost much money and too much time.
So it would be a shame if you are going to spend it so quickly.
Bitcoinbro
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February 11, 2016, 12:37:34 PM
 #158

You should save them for later, I think its the best choice.

The miners will get problems soon or later because of the halving.

The best thing to to is to save for the future and your profit.
thejaytiesto
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February 11, 2016, 05:30:13 PM
 #159

Before entering the mining business you have to take into consideration all of the variables, including localization of your mining process (your expense in am monthly basis of electricity) the power of your machines in terms of hashing and other expenses, to see if you can make some profit, if not, you will be forced to sell to pay electricity.
Anddos
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February 11, 2016, 06:55:31 PM
 #160

After being all day in the digital deeps, a weary miner deserves to be able to spend its hard earned bitcoins. So go for it.

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