The Sceptical Chymist
Legendary
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Activity: 3332
Merit: 6826
Cashback 15%
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January 11, 2016, 02:52:16 AM |
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If you can afford to save the coins you mine then I say do it. I think we're going to have a financial catastrophe somewhere in the relatively near future, and Bitcoin may come in handy. Who knows though. You should save for the future however you can. You might even live to spend it all.  |
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CASINO & SPORTSBOOK
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Kalder
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January 11, 2016, 03:15:53 PM |
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If you can afford to save the coins you mine then I say do it. I think we're going to have a financial catastrophe somewhere in the relatively near future, and Bitcoin may come in handy. Who knows though. You should save for the future however you can. You might even live to spend it all. Save some or most or all. The mining is equivalent to converting your fiat into bitcoin, so it is better to hold them. |
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XinXan
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January 11, 2016, 04:21:50 PM |
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If you can afford to save the coins you mine then I say do it. I think we're going to have a financial catastrophe somewhere in the relatively near future, and Bitcoin may come in handy. Who knows though. You should save for the future however you can. You might even live to spend it all. Save some or most or all. The mining is equivalent to converting your fiat into bitcoin, so it is better to hold them. The problem with that is that people in the real world need fiat to buy things like food and other essential things on a daily basis, that's why you can't save most of it, normally, unless you are already rich or have a really good income. |
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OrangeII
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January 11, 2016, 04:48:03 PM |
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I guess mine coin is one way to save money at the same time add to it, but it takes a long time for it, so I guess it's better than selling coins miners
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WhatTheGox
Legendary
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Activity: 812
Merit: 1000
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January 11, 2016, 08:00:14 PM |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
It depends because you cant save all bitcoins you mine if you run a decent sized opperation. You could save all the profit from coins you make and just cash in for electric. But it also depends on how old you are and any other investments + income. I know i suggest saving as much as possible. |
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calkob
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January 11, 2016, 09:21:46 PM |
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if i was mining coins right now i would be storing them untill at least after the halving. i think they will be worth alot more then.
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Blawpaw
Legendary
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Activity: 1596
Merit: 1027
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January 12, 2016, 12:19:37 AM |
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I always sell 90% of the coins I'm mining and hold 10% of them. It's always wise to hold some of them. Who knows you might hit the golden pot!
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fuathan
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January 12, 2016, 12:59:42 AM |
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The ratio should be 60-40. You should save 60% of your mining for long term plans.
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The Last Choice
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January 12, 2016, 02:50:19 AM |
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it depends of the coin, if the coin have long life maybe i will sell latter. better to hold for best price and sell it
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LuckyYOU
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January 12, 2016, 08:14:16 AM |
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I think it's best to save some and sell some as well
save more than you sell though, and just wait for the price to increase
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MaritiJames3
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January 12, 2016, 08:42:05 AM |
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Save 60% and sell 40% that's the best way to go when you're mining. If you keep holding on to 60% every time, you could still sell those coins when the price increases.
So it's a win win for you either way.
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kpitti
Legendary
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Activity: 924
Merit: 1002
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January 12, 2016, 09:09:14 AM |
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If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.
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chokesir
Full Member
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Activity: 196
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
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January 12, 2016, 09:11:14 AM |
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If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.
Very true gambling is like gambling indeed only it take so long to see if it drops or increase. For now I think is just better to hold it. I think when bitcoin increase after the halving I think he will make profit with it. |
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gkv9
Legendary
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Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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January 12, 2016, 09:19:56 AM |
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If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.
But price rise chances are more, due to halving coming, and mind well, price will rise before halving takes place...  Also, if I would be mining, whether in profit or not, I would definitely prefer to save if I have nothing to use my coins for... |
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newcoins1978
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January 12, 2016, 09:42:30 AM |
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If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.
But price rise chances are more, due to halving coming, and mind well, price will rise before halving takes place... Also, if I would be mining, whether in profit or not, I would definitely prefer to save if I have nothing to use my coins for... I would prefer to do this as well if I were a miner. Then again it wouldn't a bad idea to sell some of it and save some coins as well. That way you won't lose anything either way. |
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phreaky
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January 12, 2016, 09:46:40 AM |
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If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.
But price rise chances are more, due to halving coming, and mind well, price will rise before halving takes place... Also, if I would be mining, whether in profit or not, I would definitely prefer to save if I have nothing to use my coins for... I would prefer to do this as well if I were a miner. Then again it wouldn't a bad idea to sell some of it and save some coins as well. That way you won't lose anything either way. True, but is just frustrating that in the next day it can go higher and you just sold it. But is nice to just hold a couple of it and the rest try to trade and earn money. A lot of people is saving so yeah everything is fine if you are good with those stuff. |
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XinXan
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January 12, 2016, 11:26:24 AM |
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If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.
But price rise chances are more, due to halving coming, and mind well, price will rise before halving takes place... Also, if I would be mining, whether in profit or not, I would definitely prefer to save if I have nothing to use my coins for... They are not though. Why would you think there are higher chances? Litecoin halving caused no impact on the price whatsoever so I don't see why bitcoin will change either. Comparing mining or trading to gambling is not good, first of all when trading you can't really lose all your money at once unless the price goes to 0$ and good traders don't just buy/sell whenever they feel like, they study the market and look for news to know when the price is going to change. |
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yoona
Sr. Member
Offline
Activity: 493
Merit: 250
Live by your own rules
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January 12, 2016, 05:11:21 PM |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
yes its a difficult question,if i were you,i think i'm gonna confuse too. but i think sell that coins is the best way,because you need pay all power cost and another bills,and i also will make sure that my miners is long life,we can save and sell as we want. |
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Kalder
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January 13, 2016, 11:03:18 AM |
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If you have a profit and you do not need to spend your mined Bitcoins then keep them. Price will hopefuly increase, but it may drop too. All is just like gambling.
So hold most, and use some of the mined coins. That is equivalent to sell the coins, but you help the circulation of the coins. |
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Mr.grin
Legendary
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Activity: 1218
Merit: 1000
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January 13, 2016, 04:48:39 PM |
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it depends on where you're mine, but obviously it is tantamount to saving BTC you have and as a way to add bitcoin that you have no need to bother, but Minning as it is very difficult to find
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