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Author Topic: Mining coins save or sell it?  (Read 106756 times)
LarryHocks
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June 20, 2016, 08:18:15 AM
 #561

Every coin that you have now that you have must you save it and that is because there are a lot of people that is now holding it because the value of Bitcoin started to rise.
And that is important because otherwise you are selling it on the wrong moment so you are making some mistakes.
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June 20, 2016, 06:29:42 PM
 #562

I think save it, for me that is the best way to earn money because this is crypto world and in this world it is full of surprises. We just need to have a lot of patience when keeping and who knows the price will skyrocket in the future.
Right when the bitcoin price was like 300 people started to loose their temper and said its the end of bitcoins.
But hey guys, its the rise of bitcoins. If it has gone downs surely will come up with a boom sooner or later.
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June 21, 2016, 01:54:29 AM
 #563

I think save it, for me that is the best way to earn money because this is crypto world and in this world it is full of surprises. We just need to have a lot of patience when keeping and who knows the price will skyrocket in the future.
Right when the bitcoin price was like 300 people started to loose their temper and said its the end of bitcoins.
But hey guys, its the rise of bitcoins. If it has gone downs surely will come up with a boom sooner or later.
Those who dump bitcoins and panic during the down times are those who have a weak hands and does not trust bitcoins, now they are already regretting because they let the opportunity to be rich slipped into their weak hands.

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June 21, 2016, 02:37:17 AM
 #564

I would just hold them for now if you dont have big mining expenses...

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Altcoinsupporter
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June 21, 2016, 08:00:45 AM
 #565

When yoy're a miner it's hard to save your coins because you have to pay quite a lot of it in electricity. So I think most miners sell the coins they get daily and maybe a few do it weekly or monthly.
True and if you start to stock bitcoins and not sell and in case price decrease you might regret later. Better to work on the calculations you done and just stick to those. Though price would go higher and higher only from now.
Saving will be now the best option that you can do and that is because the value of Bitcoin is not even that high now and it stay rising so that is really nice for people who already have it.
And it is nice that you can have some profit soon with Bitcoin because it was stable for a long time.
FabioDelcatto
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June 21, 2016, 08:09:14 AM
 #566

Coins you have mined can be saved better because you got them for almost nothing and mining is not profitable anymore so just hold them till the end of this year and sell them.
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June 21, 2016, 08:09:34 AM
 #567

When yoy're a miner it's hard to save your coins because you have to pay quite a lot of it in electricity. So I think most miners sell the coins they get daily and maybe a few do it weekly or monthly.
True and if you start to stock bitcoins and not sell and in case price decrease you might regret later. Better to work on the calculations you done and just stick to those. Though price would go higher and higher only from now.
Saving will be now the best option that you can do and that is because the value of Bitcoin is not even that high now and it stay rising so that is really nice for people who already have it.
And it is nice that you can have some profit soon with Bitcoin because it was stable for a long time.

Buying and saving for the future is the best thing you can do now, as price has gone down so try to collect as much as you can and hold for the future or sell when you see higher price.
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June 21, 2016, 08:25:48 AM
 #568

I would just hold them for now if you dont have big mining expenses...

Yeah better thing, saving coins will be the wiser move right now because of what is happening almost from time to time price is fluctuating wait for the best timing and sell it right away when the price went to your desire price.
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June 21, 2016, 08:28:25 AM
 #569

I would just hold them for now if you dont have big mining expenses...

Yeah better thing, saving coins will be the wiser move right now because of what is happening almost from time to time price is fluctuating wait for the best timing and sell it right away when the price went to your desire price.

Yeah this is not the right time to sell, as price has gone down now, so it would be good to save for the halving and sell when we see the best price.
GermanFoobla
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June 21, 2016, 08:32:36 AM
 #570

your mined coins can better be saved because it is not able to mine after the halving you could do it but will go to slow as you have seen after the halving.
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June 21, 2016, 08:44:12 AM
 #571

I much prefer to save my coins for now, and yeah the price has fall back from to $750 to $700. Even there is going down, most of us expects to get higher and higher.
Block halving has a big effect in mining indeed, in my opinion it would be weaker because of the reward they can get from it.

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June 21, 2016, 09:02:45 AM
 #572

Coins you have mined can be saved better because you got them for almost nothing and mining is not profitable anymore so just hold them till the end of this year and sell them.
Mining is always profitable because the price now is adjusting to sustain the needs of the miners. So why mining after halving is not profitable anymore  Undecided.
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June 21, 2016, 09:06:10 AM
 #573

I much prefer to save my coins for now, and yeah the price has fall back from to $750 to $700. Even there is going down, most of us expects to get higher and higher.
Block halving has a big effect in mining indeed, in my opinion it would be weaker because of the reward they can get from it.

Price has gone down drastically in a single day, so I don't think we should sell them now, better choice would be to save it for halving and sell when price goes higher.
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June 21, 2016, 09:34:03 AM
 #574

I think that when you mine coins it is not usually very profitable at all to sell it immediately. Rather you should definitely hang onto your coins for a certain period of time and wait till the price rises.

Then you could be making a ton more money.


Agreed with you. When you are into mining, you already have to bear some expenses for hardware and electricity etc and there is very minimum profit after cutting the expenses. So its always better to hold the price till the certain increase in the value of the coins so that you can book some good profit.
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June 21, 2016, 09:56:03 AM
 #575

I think that when you mine coins it is not usually very profitable at all to sell it immediately. Rather you should definitely hang onto your coins for a certain period of time and wait till the price rises.

Then you could be making a ton more money.


Agreed with you. When you are into mining, you already have to bear some expenses for hardware and electricity etc and there is very minimum profit after cutting the expenses. So its always better to hold the price till the certain increase in the value of the coins so that you can book some good profit.

Mining is no more profitable now, it will be an expensive affair, its better to collect coins in good numbers and save it for future and sell when price goes higher.
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June 21, 2016, 11:39:42 AM
 #576

Until now we need to do is to save all bitcoin we earned because we prepare for the incoming halving we need more bitcoin to earn more profit in the time of halving.
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June 21, 2016, 12:53:10 PM
 #577

I mine the bitcoin indireclty from mining the altcoins. I use the bitcoin occasionally to buy things. I save the rest.

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ElpadroBitcoin
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June 21, 2016, 01:42:19 PM
 #578

Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.

If that strategy your going to use, yeah it is better if you save it until you get the amount you
Desire but there still a risk that bit coin might have a price drop in this coming months, but that
Has a very low chance of happening. Just saying what is one of the risk of saving btc.
Mining your coins is not really profitable anymore and that is because there are to many people mining these days so after the halving only th4e big miners will make profit,
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June 21, 2016, 01:45:11 PM
 #579

I am not a miner. but I think most of big mining companies are selling most of the new coins after they are mined . because they are looking for quick profit and they do want to cover their expenses
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June 21, 2016, 02:01:13 PM
 #580

Tbhe best thing to do with your mined coins is just holding them becasue mining coins can only give profit not a lose and that is why you should always hold them.-
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