Mining coins save or sell it?

[MadMac]

I believe there is too much hocus pocus ongoing with all the altcoins. A number disappeared already or were simply abandoned. Some came back to life with some pump and dump schemes. Not really worth to mine any of those that still create some reasonable amount of coins if you don't know where they are in a year, if they are. I'd suggest to go to some exchange dealing with altcoins and purchase a couple of millions POS coins and let the wallet do the staking rather than mining.

[L00n3y]

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?

As soon as the price of bitcoin is higher you should sell the half of it because we can't predict bitcoin its either the price is increase or decrease. If bitcoin has a high price sell it and dont wait for your regret and after that earn again. That is bitcoin it is a continous process earn, sell and earn again.

[The Alchemlst]

Save unless you need it now. Don't get to hasty alot of us here regrets not saving bitcoins a year ago.   you can get more out of your coins of you invest it.

[pureclckr]

I think bitcoin mining is still profitable, remember bitcoin prices have reached $ 4200, if the cost of electricity is not more than 10 cents then with S7 bitmain we can already RoI about 4 months.

As far as you think mining is profitable. Ii think all of these are very much profitable and can help you earn a lot of money. This entirely depends on what you have in your mind. The only thing which matters is your skills. If you can make money by mining, then go for it. Otherwise choose the best suitable option.

[erikmatik]

If you keep mining but you are keeping it, how can you sustain your mining? We know mining isn't cheap, power consumption is expensive. So there will come a point that you have to sell some of what you mined for your operations cost. Just like having a business, profit comes after you subtract expenses from your income. And maybe you mine for the goal of having excess coins for profit. Just so to know if your mining is really profitable or not.

[sonic22]

I keep almost everything I mine, just sell occasionally to get more mining equipment. Unless you ming on industrial scale it's IMHO not wise to mine and dump instantly.

[Finestream]

Save unless you need it now. Don't get to hasty alot of us here regrets not saving bitcoins a year ago.   you can get more out of your coins of you invest it.

Don't sacrifice your needs always invest after your secure the money for your needs, we see there is an opportunity but this opportunity does not guarantee profit because it could also fail. We mine coins and we do consider this as a business and it's just right to also save when we believe that the value will appreciate, we help bitcoin to be more efficient because we took part of the operation to create a transaction therefore don't allow yourself not to benefit on this in the future.

[Engand]

I am not a miner. but I think most of large mining organizations are marketing most of the new coins soon after they are mined . simply because they are seeking for rapid profit and they do want to go over their expenditures

[fishbonez11]

Holding on to your bitcoin for long-term is a good option. Saving your bitcoin when prices are low would also give a high profit when the value shoots up.

[Sled]

Holding on to your bitcoin for long-term is a good option. Saving your bitcoin when prices are low would also give a high profit when the value shoots up.

That is right, always save the coins for long term so you will have a great future with your holdings because if you will not hold them for long term then there will be a chance that you will regret that decision and if you are going to think for the possible coins to hold in long term then do some background research first to know if it will have a good future.

[oreits11]

as different strategy with the chance of occupation gives with the wider on option as miner to work with the collection of coins,
the focus should be of one with the beginning initials as extending absence on supports with the past terms of work with the early adoption of experience to gives with the strength on accuracy as ideally miner to work with confidence.

[FJNuñez]

If you are actually able to profit from mining bitcoins then you should most definitely save it as the value will grow over time significantly so it's best to get comfortable sending, receiving coins and storing keys.

[Dobmader]

Holding on to your bitcoin for long-term is a good option. Saving your bitcoin when prices are low would also give a high profit when the value shoots up.

Saving is good my mate but is it more good to invest it, investing is the source to increase your money. Bitcoin is one of the best sources of income. It is the chance to make your future bright and to make more money by just holding your bitcoin for the long time. Currency really matters the bitcoin is high in price and it will help the investors to invest in bitcoin and save it for the long time in your bitcoin wallet.

[Xenoph0bia]

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?

I think you should save and hold your Bitcoins as Bitcoin has a lot of potential and I can assure you that Bitcoin will surely grow on future and a very high price can be expected in future.

[btcprospecter]

My plan is to mine alt coins and convert a good amount of them into btc mainly to hold. Whatever left will just be traded another way some will also be sold. It just depends on what happens in the future.

[swogerino]

I am doing it at a hobby level, I am mining with my graphic cards and keeping the coins mined after converting them to bitcoin. It is wiser to keep them as the price of bitcoin may really go up in October or after it once Amazon decides to make it as an official form of payment in their website. Even if they don't still bitcoin price has a lot of upside potential so it is better to keep rather than save it, of course unless you mine a big amount daily then you can sell some and save the majority.

[buxlover]

There is risk every where but what we have to do is to minimise that risk to some extend.

Now let's see if you are mining the most back dated coins which are still hiking in the market then you are mining the good coin and you should hold them because having them spiked to higher rates would get more chances than other coins. If you are mining newly arrived coins with no market at all can be stored for only from few weeks to couple of month because you will never know whether they are going to be hiked or not. Sometime new coin are more prone to get dumped than others. So better take the decisions accordingly. :-)

[Shomeare1932]

I mine the bitcoin indireclty from mining the altcoins. I use the bitcoin sometimes to get issues. I conserve the rest.

[TrueCryptonaire]

I am also thinking of starting mining altcoins and recently ordered an antminer d3, but it will took a few months to arrive. I have paid out plans on what would I do with the mined coins and the decision I made was that I will save all the coins and just sell the coins enough to pay the electricity bill of the house and save the remaining coins for future price increase, which will happen for sure. But the only thing I don't know right now is that after how many months the miner would stop working as the profitability solely depends on this factor, if miner dies in the first month then how come I would break even.

[stellgod]

If you are actually able to profit from mining bitcoins then you should most definitely save it as the value will grow over time significantly so it's best to get comfortable sending, receiving coins and storing keys.

I will agree to what all you have said. I think there is no other better way than saving the Bitcoins. But even then this is not a universal law that you need to save your Bitcoins every time. It all depends on the circumstances. It is you who has to decide in between two very much carefully and whatever you decide, stick to it as that only will profit you.