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sanas
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August 10, 2016, 03:09:13 PM |
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Although the question was asked in last year, I think this question has perpetual succession. I am complete noob in mining but still I manage to acquire bitcoins from my domain reselling business and I recently ended up with conclusion that holding coins in offline wallet is the best and best method of investment. I would advise you to either hold your coins or invest it in safe investment options but don’t sell unless you in the need of fiat critically.
I have mined some Ethereum coins, the ETC and ETH. I will usually sell the ETC right away but hold ETH a bit longer. |
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mark coins
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August 10, 2016, 03:22:16 PM |
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If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue. Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it. Yes just save it and wait for the right time to sell it. As they say patience is virtue, time will be a friend when you are into investing. Should by next year that bitcoin price will goes up, you will never regret that you save those coins you make from mining. Because for some reason we still believe that it will performs well on market. Price of bitcoin will be much higher in future and I think this is the best opportunity to buy, as everyone is expecting 4 digit price in this year itself. Your statement is true, bitcoin price will definitely rise in the future and now is the right time to buy since the price just fall back a bit and it is very cheap in my eyes now so I have take the risk to buy more bitcoins since this is an opportunity for me. Yeah this is an good opportunity to buy bitcoins, price went down in recent past and now again it has started recover slowly so buy it before its too late. |
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lister storm
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August 10, 2016, 03:46:47 PM |
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If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue. Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it. with patience you can achieve a lot of great things, the price will sooner or later come back up so if it drops just dont sell it because of the panic |
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dezoel
Legendary
 Offline
Activity: 2016
Merit: 1072
Leading Crypto Sports Betting & Casino Platform
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August 10, 2016, 03:48:07 PM |
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If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue. Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it. with patience you can achieve a lot of great things, the price will sooner or later come back up so if it drops just dont sell it because of the panic Exactly we should have faith in bitcoin and its future, so even if we see price drop at a moment then also we should keep our coins intact for future to earn higher profits. |
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Nimbulan
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August 10, 2016, 04:26:36 PM |
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If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue. Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it. I trade the bitcoin with some good altcoins. So even if the altcoin price drop, I will not panic, as they will rise in the future. yeah it is better to trade your all altcoins to bitcoin because in my opinion it is the only currency that has a lot of potential to grow big right now |
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CrimBit
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August 10, 2016, 04:35:00 PM |
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Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
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bamboylee
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August 11, 2016, 06:06:31 AM |
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If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue. Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it. Panic selling will ruin your trading career. If one wants to be a trader, you have to have a nerve of steel. If you are sure about your prediction, even if the price contradicts you, stay with it. It will turn around and you will be profit. |
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chaser15
Legendary
Offline
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
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August 11, 2016, 07:30:54 AM |
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Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
Well that is the main thing to do. Also these currency is for profit taking purposes so better take advantage when it's price pumps a little. But of course like I said, it's for profit taking only. No way it can reached that status of bitcoin today. |
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sanas
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August 11, 2016, 10:28:56 AM |
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Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
Well that is the main thing to do. Also these currency is for profit taking purposes so better take advantage when it's price pumps a little. But of course like I said, it's for profit taking only. No way it can reached that status of bitcoin today. I think it is better not to sell the bitcoin when there is no price bubble. If the price rises to $5000 in the next 6 months, then it is better to sell some. |
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Alubert
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August 11, 2016, 02:50:57 PM |
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Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
Well that is the main thing to do. Also these currency is for profit taking purposes so better take advantage when it's price pumps a little. But of course like I said, it's for profit taking only. No way it can reached that status of bitcoin today. I think it is better not to sell the bitcoin when there is no price bubble. If the price rises to $5000 in the next 6 months, then it is better to sell some. That is right. I will only sell when there is a big price bubble. Otherwise, I will keep the bitcoin for the long term. |
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greBit
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August 11, 2016, 03:04:16 PM |
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Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
Well that is the main thing to do. Also these currency is for profit taking purposes so better take advantage when it's price pumps a little. But of course like I said, it's for profit taking only. No way it can reached that status of bitcoin today. I think it is better not to sell the bitcoin when there is no price bubble. If the price rises to $5000 in the next 6 months, then it is better to sell some. Even if there is price bubble I don't think it will reach to that high price of $5k in next 6 months, maximum we can expect is $2k if something happens, not more then that. |
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Blackmet
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August 11, 2016, 07:59:47 PM |
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At my opinion need to save as much as possible cause you don't know when price is gonna grow more, but you always can sell your coins if needed.
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angryswamp
Sr. Member
Offline
Activity: 268
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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August 11, 2016, 09:43:04 PM |
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If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue. Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it. I trade the bitcoin with some good altcoins. So even if the altcoin price drop, I will not panic, as they will rise in the future. there are a lot of coins that price drops and never recovers so i would be very careful about it to be honest in order not to lose it all in the future |
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tygeade
Legendary
Offline
Activity: 2100
Merit: 1059
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August 11, 2016, 09:45:03 PM |
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If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue. Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it. I trade the bitcoin with some good altcoins. So even if the altcoin price drop, I will not panic, as they will rise in the future. there are a lot of coins that price drops and never recovers so i would be very careful about it to be honest in order not to lose it all in the future Go through the news related to altcoin, try to know about its history and what are the upcoming events related to it and if you find it potential then you should go for it. |
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Hatuferu
Legendary
Offline
Activity: 1092
Merit: 1000
https://trueflip.io/
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August 12, 2016, 01:45:52 AM |
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If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue. Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it. I trade the bitcoin with some good altcoins. So even if the altcoin price drop, I will not panic, as they will rise in the future. there are a lot of coins that price drops and never recovers so i would be very careful about it to be honest in order not to lose it all in the future Go through the news related to altcoin, try to know about its history and what are the upcoming events related to it and if you find it potential then you should go for it. It is more profitable to just participate during the ICO as that is less stress for an investor. Usually the altcoins have a very good price after the release of the ICO, and when it pump it usually go to the moon and if that would not last it will abruptly dump but at least you make money already during the pump. |
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noictib
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August 12, 2016, 01:57:29 AM |
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yes , your decsion is right to save for some minth and then sell it to after increase price .
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Frodomaga
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August 12, 2016, 07:48:06 AM
Last edit: September 28, 2016, 03:11:16 PM by Frodomaga |
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Some altcoins have potential for the long-term, but most of them is better to sell
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August 12, 2016, 07:54:32 AM |
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I am saving all my coins for a long term investment. If you are doing this just to make an extra income then it is better to save it. Well if you want to sell it, you can spend the half to make profit and keep it growing. It is really hard to mine coins, we need more time and patience but worth it.
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chaosknight
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August 12, 2016, 07:57:45 AM |
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I am saving all my coins for a long term investment. If you are doing this just to make an extra income then it is better to save it. Well if you want to sell it, you can spend the half to make profit and keep it growing. It is really hard to mine coins, we need more time and patience but worth it.
Buying now and saving for the future is the best decision to make, price is still low now so we can make efforts in collecting as much as we can, mining is not profitable for me so I will avoid that option. |
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Schuyler
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August 12, 2016, 08:49:41 AM |
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I am saving all my coins for a long term investment. If you are doing this just to make an extra income then it is better to save it. Well if you want to sell it, you can spend the half to make profit and keep it growing. It is really hard to mine coins, we need more time and patience but worth it.
Buying now and saving for the future is the best decision to make, price is still low now so we can make efforts in collecting as much as we can, mining is not profitable for me so I will avoid that option. Buying and earning at the same time would be the better option. By finding ways to earn extra bitcoin through offering services, doing escrow for a small fee, selling stuff, and joining signature campaign, one can equal what he buys with what he earns, or even more. |
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