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Author Topic: Mining coins save or sell it?  (Read 106756 times)
Twinscoin2017
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August 25, 2017, 06:08:32 AM
 #1401

If you are specifically mining for bitcoin then might as well saved for the next years. But if it's an altcoin, I'm not really quite sure unless it's a promising coin or it belongs to the top 20 markecap then you can also save it. If you are mining for some scamcoins then sell them right away.

even if i am mining altcoin, i won't sell it because i want to save until the amount is big, at least i will sell it if i can mining until 10k. but if it just less than 10k, i will save it while i am waiting for increasing of the price so i can make a big money. but today, if i decide to mining, then i think it is not worth because electricity fee is too big for me and i can not make profit while i am waiting the coin is increase.
yes i agree .it is  really better to save than to sell it. Because as what any other kins of coin does.it can be posible with the other coin.in short even if it is in a low price today.maybe tommorow it will rise.so sve it for today and wait for the right time to sell.
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rodel caling
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August 25, 2017, 06:17:04 AM
 #1402

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?
thats the good idea save your coin 6 to 12 months i think after that time your coin have a double price value in the market and thats the good investment or savings for the future, because as my know altcoin holding in the long term is to become valuable coins.
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August 25, 2017, 07:54:39 AM
 #1403

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?
thats the good idea save your coin 6 to 12 months i think after that time your coin have a double price value in the market and thats the good investment or savings for the future, because as my know altcoin holding in the long term is to become valuable coins.
Saving is actually works in bitcoin, and i advise that every month just only withdraw the amount of electricity consumption of your mining which is not included on the budget in the consumption in your house. Then the rest much better to save it as your investment that can make more income in the future.

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rhomzkie26
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August 25, 2017, 08:21:23 AM
 #1404

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?
You are thinking the right thing to save  the coins, Because that the good thing about in bitcoin. The more you hold the coins it is the benefits you could get if you hold it in a long term. and most miners they hold their coins until it mature at high peak amount of bitcoin before selling their coins.
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August 26, 2017, 01:09:53 PM
 #1405

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?
thats the good idea save your coin 6 to 12 months i think after that time your coin have a double price value in the market and thats the good investment or savings for the future, because as my know altcoin holding in the long term is to become valuable coins.
Saving is actually works in bitcoin, and i advise that every month just only withdraw the amount of electricity consumption of your mining which is not included on the budget in the consumption in your house. Then the rest much better to save it as your investment that can make more income in the future.

Saving actually works but at the current difficulty rate I doubt if majority of us are into Bitcoin mining really. I for instance have a small Altcoin mining rig that I mine minero and ethereum with and then trade them for bitcoins and save.
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August 26, 2017, 01:21:46 PM
 #1406

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?
thats the good idea save your coin 6 to 12 months i think after that time your coin have a double price value in the market and thats the good investment or savings for the future, because as my know altcoin holding in the long term is to become valuable coins.
Saving is actually works in bitcoin, and i advise that every month just only withdraw the amount of electricity consumption of your mining which is not included on the budget in the consumption in your house. Then the rest much better to save it as your investment that can make more income in the future.

Saving actually works but at the current difficulty rate I doubt if majority of us are into Bitcoin mining really. I for instance have a small Altcoin mining rig that I mine minero and ethereum with and then trade them for bitcoins and save.
It would depend on what kind of miner you are since there are people who do mine altcoin and didnt tend to convert it to bitcoin but they do just purely save it from their wallets and stored up. Knowing that mining altcoin is much more profitable than on bitcoin this is why there are lots of people do decide to mine alts than on bitcoin but decisions on conversions would depend on their decisions.
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August 26, 2017, 02:20:46 PM
 #1407

I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.

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August 26, 2017, 02:26:44 PM
 #1408

I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining.

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GoodLuck2
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August 26, 2017, 08:22:46 PM
 #1409

I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining.
You think that mining is the best way to earn bitcoin?? well I think you are totally wrong. Because mining is something that a newbie does who does not have much knowledge or much experience to trade or do any other thing. Technically trading is the best way I think. Because it involves many things like mind using, strategy making, planning properly, being patient and many more.
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August 26, 2017, 09:00:29 PM
 #1410

I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining.
You think that mining is the best way to earn bitcoin?? well I think you are totally wrong. Because mining is something that a newbie does who does not have much knowledge or much experience to trade or do any other thing. Technically trading is the best way I think. Because it involves many things like mind using, strategy making, planning properly, being patient and many more.
I agree with your're words, but anyway it is a kind of gambling i would better recommend for people to invest money for long perspective because that will bring more stability and more income without using a lot time just monitoring the price and it will be a lot more safer     


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August 26, 2017, 09:11:42 PM
 #1411

I strongly think you should keep all the coins you can and sell the bare minimum just to cover your fees or buy new hardware. Bitcoin price will rise in the future just as it did, so that would not be a good idea to sell it right now if you do not expressively need it.
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August 28, 2017, 08:34:46 AM
 #1412


If you are specifically mining for bitcoin then might as well saved for the next years. But if it's an altcoin, I'm not really quite sure unless it's a promising coin or it belongs to the top 20 markecap then you can also save it. If you are mining for some scamcoins then sell them right away.


Yes that is the one god way to divide the mined coin and according to their category decision should be taken whether they should be sold immediately or wait for the longer times. Bitcoin if I'm mining it then of course I should save it for very long time and expect the price rise of double than the current one. Just imagine bitcoin mined at 4.5K USD and sold at 10K USD in next year would be dream come true.

For the altcoins I would say there is lots of risk. They have tendency to drain completely within days to months of period. They can't be trusted and after having big market cap also they can lead to distater due to unethical dumping of the coins. So better sell right away, after mining.
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August 29, 2017, 04:31:18 PM
 #1413

If you existed Bitcoin, that save it. If you end up existing at these other side coins did you want to change into Bitcoin and save there. You're not going to want to hold on to any of these other coins for any longer than possibly overnight.
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August 29, 2017, 05:01:25 PM
 #1414

If you are specifically mining for bitcoin then might as well saved for the next years. But if it's an altcoin, I'm not really quite sure unless it's a promising coin or it belongs to the top 20 markecap then you can also save it. If you are mining for some scamcoins then sell them right away.
yes to make your roi considered faster later you might save your bitcoin and wait the value getting higher . it's worth to do that especially when you do it with a free  money that you won't need it in the near future , just like put it as an investment and forget it.

and for altcoin itself prefer to choose the biggest one to reduce your risk to get nothing.

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August 29, 2017, 05:15:53 PM
 #1415

Whatever you would have mined since 2015 (as the thread was started then), you must have got some real handsome profits atm because most of the alts too had some serious rallies in the past few days. But it is my serious advice to you or anyone involved in Bitcoin mining activities to please hold their Bitcoins currently as the price will not be this cheap [YES I MEAN IT, IT'S STILL CHEAP ATM].

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fullhdpixel
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August 30, 2017, 11:00:50 AM
 #1416

I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining.
Yes, mining is a tough job and requires a lot of technical knowledge. Only a small portion of bitcoin users have earned bitcoins with mining, rest have grabbed them via signature campaigns or trading. No matter through which method you have earned bitcoins, save them because they are digital diamonds.

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freedomgo
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August 30, 2017, 11:08:57 AM
 #1417

I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining.
Yes, mining is a tough job and requires a lot of technical knowledge. Only a small portion of bitcoin users have earned bitcoins with mining, rest have grabbed them via signature campaigns or trading. No matter through which method you have earned bitcoins, save them because they are digital diamonds.
It's a business and normally when you are serious in mining you have to put up a good amount of capital.
That's why I stay away in this way of making money because I feel I do not have the knowledge to run this business profitable.
We should do what makes us happy because if it's your passion, earning money is easy for you.

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ProoLogic
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August 30, 2017, 11:36:44 AM
 #1418

Whatever you would have mined since 2015 (as the thread was started then), you must have got some real handsome profits atm because most of the alts too had some serious rallies in the past few days. But it is my serious advice to you or anyone involved in Bitcoin mining activities to please hold their Bitcoins currently as the price will not be this cheap [YES I MEAN IT, IT'S STILL CHEAP ATM].

Of course, if guy listen advise to hold BTC:)

and other coins toooo... hope his mining capacity increased and he don't make foolish decision of selling miners and BTC

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olliedickman
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August 30, 2017, 04:43:20 PM
 #1419

I think that it is better to save your coins than sell it. As you can see, most of the coins increase increase their prices after a period of time. Unless you really need money, do not sell your coin. Since I do not have a great capital to buy my own mining rig, I choose trading and as a veteran trader, I can say that the marketcap always increase
Netnox
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August 30, 2017, 05:38:37 PM
 #1420

IMO, anyone (including the miners) who is selling the coins right now is committing a grave mistake. But I know that the situation can get really difficult for the miners. They have huge capital cost in the form of mining rigs, and additional cost for electricity and manpower. An ideal solution in my opinion would be to sell 50% of the coins immediately, and to keep the rest in cold storage.
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