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Author Topic: Mining coins save or sell it?  (Read 106756 times)
Hatuferu
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July 08, 2016, 04:31:00 AM
 #661

Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.

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BitMaxz
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July 08, 2016, 04:56:02 AM
 #662

Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.
How do you sure guys that mining bitcoin will be profitable in the long term? i never heard developers are announce that bitcoin will be profitable in long term bitcoin is unpredictable and we dont know what will happen in the future if the price of bitcoin will still increase or not.

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Jmild1
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July 08, 2016, 06:29:52 AM
 #663

Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.
How do you sure guys that mining bitcoin will be profitable in the long term? i never heard developers are announce that bitcoin will be profitable in long term bitcoin is unpredictable and we dont know what will happen in the future if the price of bitcoin will still increase or not.
Given the good news on bitcoin surroundings. We see that the bitcoin is having a good progress and that's is the reason why there's a brighter future on bitcoin that will happen.
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July 08, 2016, 06:42:26 AM
 #664

Those big companies only can make a large profit from mining... If you still want to mine coins, you should know first what alt coin can take an advantage later on and will give you money. All you need to do now is to save them and invest some of it.

No need worry about those companies, if you wish you can do it, by that Safe them for a certain amount of time to see what the market price does. If nothing changes in two weeks then sell. Hopefully at a profit of how much you spent on the equipment that you bought to mine in the first place.
Schuyler
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July 08, 2016, 07:39:39 AM
 #665

Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.
How do you sure guys that mining bitcoin will be profitable in the long term? i never heard developers are announce that bitcoin will be profitable in long term bitcoin is unpredictable and we dont know what will happen in the future if the price of bitcoin will still increase or not.
I think they are basing their predictions on past performance, which shouldn't be. Past performances can't be an indication of what the price in the future will be. Even if we are seeing trends that show an upward movement, we can never be sure if that will continue to be that way in the future.
sanas
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July 10, 2016, 06:58:09 AM
 #666

Personally i dont mine,and for some reason i have never liked mining,and well looks like it won't
never change cause it makes less and less profitable.
But i would suggest you investing whole coins you mined,into some safe asset's where you can yield profit every month the same u did with mining.
Because mining this days is not that profitable like the old days, now is the time to move on as mining is only for big capitalist and for us we just have to focus on trading and investing.

Mining is still a way to actualy transform dollars in btc.

Not that it's really complicated that's right, but you can run miners for a rather long time even if it's to make low benefits, and storing the mined btc can be very profitable on the long term!
That is the best idea, you save your mine coins as it is already proven that price will increase overtime. Just sell what you need and save the excess coins, you might be surprise in the future if it give you fortune.
How do you sure guys that mining bitcoin will be profitable in the long term? i never heard developers are announce that bitcoin will be profitable in long term bitcoin is unpredictable and we dont know what will happen in the future if the price of bitcoin will still increase or not.
I think they are basing their predictions on past performance, which shouldn't be. Past performances can't be an indication of what the price in the future will be. Even if we are seeing trends that show an upward movement, we can never be sure if that will continue to be that way in the future.

I mine some altcoins, I usually sell most of them to get bitcoin. That is because the bitcoin is the major currency.

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groll
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July 10, 2016, 08:35:47 AM
 #667

sell those garbage they are not worth anything, i would keep only the top 5 altcoin in the marketcap or at worst the top 10

when i was instamining the altsection basically, i remember that i was mining and then selling very quicjly everything on the same announcement thread, very profitable experience

It's agreeable to sell miners especially old hardwares. But if you own new cores then you should continue mining. I suggest the author should sell the old hardwares and buy a new hardwares that is more efficient and less power consuming. Further if the present hardware is still profitable then just keep it for now. The mined coins should be divided into two, the other half should be sold and the other half should be save.
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July 10, 2016, 09:55:53 AM
 #668


I mine some altcoins, I usually sell most of them to get bitcoin. That is because the bitcoin is the major currency.

I believe you should keep your altcoins because they are gonna be big time in the future, it is imminent that when people think that a certain thing will not be big in the future the other way around happen, in investing we need to bet against the public to make money.

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July 11, 2016, 08:24:25 AM
 #669


I mine some altcoins, I usually sell most of them to get bitcoin. That is because the bitcoin is the major currency.

I believe you should keep your altcoins because they are gonna be big time in the future, it is imminent that when people think that a certain thing will not be big in the future the other way around happen, in investing we need to bet against the public to make money.

It depends on the quality of the altcoin. Some of them are good, most are scams. It is difficult to find a good one.

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Posum578
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July 11, 2016, 08:47:08 AM
 #670

Sell some of them to pay mining cost and hold some of them also if the coin has good development
You will never know with future, maybe coin that you mine and hold some will more worth than today
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July 11, 2016, 08:57:22 AM
 #671

Sell some of them to pay mining cost and hold some of them also if the coin has good development
You will never know with future, maybe coin that you mine and hold some will more worth than today
You need to sell to pay your expense in order to continuously operate the business, it is important that you know how to hold coins because the real benefit of your job will be felt the future, just pray that the coins you are holding will have a good future as we also have some kind of shit coins in the altcoins.

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sanas
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July 12, 2016, 07:24:02 PM
 #672

Sell some of them to pay mining cost and hold some of them also if the coin has good development
You will never know with future, maybe coin that you mine and hold some will more worth than today

I have other source of income apart from mining. So I do not have to sell the bitcoin to cover my mining.

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July 12, 2016, 07:52:07 PM
 #673

Sell some of them to pay mining cost and hold some of them also if the coin has good development
You will never know with future, maybe coin that you mine and hold some will more worth than today

I have other source of income apart from mining. So I do not have to sell the bitcoin to cover my mining.
well then most probably you are right though you must have a lot of hardware if mining is still profitable for you, i would definitely save all the bitcoins in my opinion

 
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July 12, 2016, 08:41:36 PM
 #674


I mine some altcoins, I usually sell most of them to get bitcoin. That is because the bitcoin is the major currency.

I believe you should keep your altcoins because they are gonna be big time in the future, it is imminent that when people think that a certain thing will not be big in the future the other way around happen, in investing we need to bet against the public to make money.

It depends on the quality of the altcoin. Some of them are good, most are scams. It is difficult to find a good one.
well yeah, most of the cryptocurrencies that are created right now usually turned out to be just scams and nothing else so i would most probably just sell it in order to take out as much profit as possible, if i would mine bitcoins then i would safe i guess

 
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July 12, 2016, 09:35:59 PM
 #675

I would suggest selling the altcoins that are not doing well because if they take a price drop, it's not likely that they will gain traction again. You could keep any altcoins that have potential to be good ones or are already worth something (ETH, DASH, etc). I would also keep bitcoins because they have the most potential.

 
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mrhelpful
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July 12, 2016, 09:44:42 PM
 #676

I would suggest selling the altcoins that are not doing well because if they take a price drop, it's not likely that they will gain traction again. You could keep any altcoins that have potential to be good ones or are already worth something (ETH, DASH, etc). I would also keep bitcoins because they have the most potential.

I wouldnt suggest anyone into alt coins if they themself havent done any homework on it.

Just know also that the recent events with the ETH made people convert most into bitcoin for the time being.. due to past events which you can look up on.

freedomgo
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July 14, 2016, 06:03:07 AM
 #677

I would suggest selling the altcoins that are not doing well because if they take a price drop, it's not likely that they will gain traction again. You could keep any altcoins that have potential to be good ones or are already worth something (ETH, DASH, etc). I would also keep bitcoins because they have the most potential.

I wouldnt suggest anyone into alt coins if they themself havent done any homework on it.

Just know also that the recent events with the ETH made people convert most into bitcoin for the time being.. due to past events which you can look up on.


Ethereum is great! I believe it can recover from crisis and the price will be back on top, for me I see this as an opportunity when the price is falling back hard, this is the time to buy although this is risky but if you believe in a certain investment you will accept whatever the outcome.

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madwica
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July 14, 2016, 06:19:49 AM
 #678

I would suggest selling the altcoins that are not doing well because if they take a price drop, it's not likely that they will gain traction again. You could keep any altcoins that have potential to be good ones or are already worth something (ETH, DASH, etc). I would also keep bitcoins because they have the most potential.

I wouldnt suggest anyone into alt coins if they themself havent done any homework on it.

Just know also that the recent events with the ETH made people convert most into bitcoin for the time being.. due to past events which you can look up on.


Ethereum is great! I believe it can recover from crisis and the price will be back on top, for me I see this as an opportunity when the price is falling back hard, this is the time to buy although this is risky but if you believe in a certain investment you will accept whatever the outcome.
More people start to mine ethereum they believe it will take over the bitcoin, that is why the best thing to do is to keep all the altcoin into wallet and wait for the right time to sell it. That is correct, believing to the coin where you invest is the best thing to do.
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July 14, 2016, 06:43:02 AM
 #679

I would suggest selling the altcoins that are not doing well because if they take a price drop, it's not likely that they will gain traction again. You could keep any altcoins that have potential to be good ones or are already worth something (ETH, DASH, etc). I would also keep bitcoins because they have the most potential.

I wouldnt suggest anyone into alt coins if they themself havent done any homework on it.

Just know also that the recent events with the ETH made people convert most into bitcoin for the time being.. due to past events which you can look up on.


Ethereum is great! I believe it can recover from crisis and the price will be back on top, for me I see this as an opportunity when the price is falling back hard, this is the time to buy although this is risky but if you believe in a certain investment you will accept whatever the outcome.
More people start to mine ethereum they believe it will take over the bitcoin, that is why the best thing to do is to keep all the altcoin into wallet and wait for the right time to sell it. That is correct, believing to the coin where you invest is the best thing to do.

Many miners really shift to mine ethereum because it is more profitable coins and ideal one since bitcoin gotten more difficulty and unprofitable now but for thinking that it will surpass bitcoin for near future well never gonna be happen, ethereum got many things to prove to people since its very clear that all people today uses bitcoin for daily transaction basis and they are trading their eth to change it to btc so thats why i dont really believe that ethereum can really takeover its place.

avw1982
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July 14, 2016, 06:47:32 AM
 #680

I would suggest selling the altcoins that are not doing well because if they take a price drop, it's not likely that they will gain traction again. You could keep any altcoins that have potential to be good ones or are already worth something (ETH, DASH, etc). I would also keep bitcoins because they have the most potential.


I guess here the topic is for saving and mining, It will be nice if you are going to save it, that will be very good for you and you will have some more money later I think.
We just must hope that the value will rise in the future and than it will be very good who already have save their Bitcoins.
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