Mining coins save or sell it?

[robotrobert]

It would be better that you will save it so that you will gain more profit that selling it right away. But the problem is you have to pay for your electricity bill and to cover that expenses you need to get it from the coins you mined. That is why its not advisable to do mining when your electricity rate is high. I suggest its better to do trading that mining instead of buying mining rig use the money to buy altcoins instead.

You are right dear mate because it is the good option I think it is good to sell the bigger part of the mined coins to pay your tax and the other expenses because it is good to pay tax with bitcoin than breaking your bitcoin but it depends on your will that you want to sell it or save it so do what makes you happy but according to me it is good to save your bitcoin than wasting it.

I think it totally depends upon the quantity of bitcoin you have in your blockchain wallet. If it is more then you should sell some of them or convert them into your fiat currency to meet the daily expenses of your family. And if the quantity is less then you should save it for your future and when the price go up then sell them and earn more and more money. But never sell your bitcoin on low price.

[delta force]

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 the results of the mining is done better to sell it and store it in the form of bitcoin or eth according to me it is better because the investment in the two coins is very profitable.

[ivanst776]

Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.

Actually most of mining sites require an initial deposit for you to deal or to mine a specific coin. And we could hide the fact the if we are going to choose to sell it early , could not earn more or we could also loss a part of our initial deposit. So the best thing to consider to do is to save at first and then look at a way for you to actually deal with long term investments so you could have a profit with the used of the coins you've mine.

It is probably silly like you said but not silly if you have some saved in your wallet considering the value increase over time. Who does not want some extra cash in the next few years from their saving.

Most especially a huge percentage that no bank can ever give or offer you. However, if you know you have some extra cash to always play with without having to touch your bitcoin, I see no reason why it should be silly to leave your bitcoins intact in your wallet.

[Rinder]

I do know some people wich had built their own rigs and somethign they didnt consider were price could crash, a lot of them had put their machines for sale since they were considering to pay the credit card with the earnings, but since the coins has turned into a loss most of those rigs are stopped and for sale. I dont know about bitcoin mining, but mining nowadays its a risky game, where isnt easy to roi, the strategy from the olders and experienced people they save the mined coins and wait for a better value, since they have some money to cover the mining costs.

[lazaruseffect11]

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 is a good idea to earn bitcoin by mining. There are some softwares and hardwares that can be used in mining to generate more bitcoin. If you have earned a lot of bitcoin through mining, i suggest that invest it and wait for the price of bitcoin to go higher. Just learn how to manage the bitcoin that you earned and invest as well as monitoring the price of the bitcoin since it is unstable.

[STT]

Mining coins also has to cover the cost of electricity though so you dont exactly have the option to not sell.   That would be speculating and possibly leading to loss, bitcoin price wont always be going up though in 2017 its grown alot I know.
I would judge when bitcoin trend is up or reasonably level and then hold.    If its already risen greatly without any pullback, its time to pay the electric bill off just to put it that way not that Im suggesting holding dollars is going to be better but do pay bills when you got it not just when forced to.

[kidsuzudn]

It's actually depends. In normal, they will sell the coin if the price is going down and keep the coin if the price is going up. But if it happens to me i will do the opposite thing. I will sell when it's going up and i will keep it when the price is going down. Cause this method will protect my profit as well as earning more.

[arseaboy]

It's actually depends. In normal, they will sell the coin if the price is going down and keep the coin if the price is going up. But if it happens to me i will do the opposite thing. I will sell when it's going up and i will keep it when the price is going down. Cause this method will protect my profit as well as earning more.

I don't know why people panics when the value fell even miners also do the same, mining business depends on how your attitude towards your mined coins and if you trust such project its much better to leave every coin you have just use fraction of it to cover your monthly expenses.

[zzSunZZ]

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just starting, but that’s my own opinion and you shouldn’t consider that as investment advice as well. You should figure out by yourself about at that moment, the price is good or it isn't. You have to do it by yourself cause you will not regret it if it's not success at all. Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electricity. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

[Watjila]

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just starting, but that’s my own opinion and you shouldn’t consider that as investment advice as well. You should figure out by yourself about at that moment, the price is good or it isn't. You have to do it by yourself cause you will not regret it if it's not success at all. Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electricity. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

That is right. For the time being, it is better to save most of the coins and use the rest.

[spyerf]

better save it, I'm sure if we save a lot then if there is a soaring price changes here we take the opportunity to sell our savings. then I am sure we will generate many benefits from it. so save it first then sell at the right time.

[Ayush rana]

Due to increase in the bitcoin value. I think it is good to save the mining coins for future and then sell them with a bit high price, which helps to make profit.

[Sled]

Due to increase in the bitcoin value. I think it is good to save the mining coins for future and then sell them with a bit high price, which helps to make profit.

That is also what i am talking about. Mining coins are great because it is serving like a passive income to us where we don't need to work hard everyday to just earn money because we can completely earn money without doing anything. If you will mine coins then you need to save them for the future and only sell the coins that is enough for your expenses.

[nethan1btc]

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just starting, but that’s my own opinion and you shouldn’t consider that as investment advice as well. You should figure out by yourself about at that moment, the price is good or it isn't. You have to do it by yourself cause you will not regret it if it's not success at all. Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electricity. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

That is right. For the time being, it is better to save most of the coins and use the rest.

You're right, but the time you need it the most,much better to trade it if necessary you must be clever and active because  its really important to sell it at the right time as if you wait longer then there is a chance that altcoin will simply disappear and that will be a big loss for you.

[BTCmax24]

Its much better to save it. There are no reason to sell it, and you must also look at the value. You can see that the value is not that high.
So you wont get that much money from it. We all hope later that it will rise and that we can sell it with profit. That's why you should use your bitcoins to save them for later and than make more profit than sell them directly. I don't think that mining can be profitable with this price, its better to buy and hold it for few months, so you can sell it at the higher price at the time of halving.

[Monnt]

I think mining coins today is very profitable because the price is rising, but the most important thing that we should consider is the price of electricity, if the price is not more than 25 / KWh cent then immediately mining.

Only alt coins are profitable to mine now, for the bitcoin mining it's hard to get now on it because of it's difficulty. And even mining of alt coin now is having it's difficulty increase especially the Ethereum. But there are some alt coins that are good for mining now like xmr. But if you still have those mined bitcoins it's better if you will just hold it until the price of bitcoin fly to the moon.

Most people may not really want to do this considering they do not even have the information they need regarding any investment they can easily embark on. I do not honestly believe in just saving money hoping for the value to increase over time, I want to be able to have more and still benefit from the value increase at the same time. That is how it should be.

[Pressessidow]

Each and every coin that you have now that you have should you save it and that is simply because there are a lot of men and women that is now holding it because the worth of Bitcoin commenced to increase.And that is crucial since in any other case you are offering it on the mistaken minute so you are making some problems.

[Xampeuu]

Results from mining we do, same as with sweat. Should be save and sold when value very expensive. Logically, one day coin will be exhausted mined. At that time, surely worth more than we imagined.

[xFiber]

I think mining coins today is very profitable because the price is rising, but the most important thing that we should consider is the price of electricity, if the price is not more than 25 / KWh cent then immediately mining.

Only alt coins are profitable to mine now, for the bitcoin mining it's hard to get now on it because of it's difficulty. And even mining of alt coin now is having it's difficulty increase especially the Ethereum. But there are some alt coins that are good for mining now like xmr. But if you still have those mined bitcoins it's better if you will just hold it until the price of bitcoin fly to the moon.

Most people may not really want to do this considering they do not even have the information they need regarding any investment they can easily embark on. I do not honestly believe in just saving money hoping for the value to increase over time, I want to be able to have more and still benefit from the value increase at the same time. That is how it should be.

Mining coins is mainly profitable because prices rise but the difficulty not so much, over time the difficulty will change accordingly so it will be harder to brake even and turn a profit. The thing with altcoins is that most of them (atleast the small coins) tend to peak at a certain point and then drop down for a couple of months before climbing back up or becoming obsolete. If I were a miner I'd sell my altcoins at the peak and not hold for 6 months. Especially if you're mining multiple coins. The only coin I'm really holding long term is bitcoin.

[Oilacris]

I think mining coins today is very profitable because the price is rising, but the most important thing that we should consider is the price of electricity, if the price is not more than 25 / KWh cent then immediately mining.

Only alt coins are profitable to mine now, for the bitcoin mining it's hard to get now on it because of it's difficulty. And even mining of alt coin now is having it's difficulty increase especially the Ethereum. But there are some alt coins that are good for mining now like xmr. But if you still have those mined bitcoins it's better if you will just hold it until the price of bitcoin fly to the moon.

Most people may not really want to do this considering they do not even have the information they need regarding any investment they can easily embark on. I do not honestly believe in just saving money hoping for the value to increase over time, I want to be able to have more and still benefit from the value increase at the same time. That is how it should be.

Mining coins is mainly profitable because prices rise but the difficulty not so much, over time the difficulty will change accordingly so it will be harder to brake even and turn a profit. The thing with altcoins is that most of them (atleast the small coins) tend to peak at a certain point and then drop down for a couple of months before climbing back up or becoming obsolete. If I were a miner I'd sell my altcoins at the peak and not hold for 6 months. Especially if you're mining multiple coins. The only coin I'm really holding long term is bitcoin.

Holding for 6 months is too much i do usually sell of on those coins when i do see that i do earn percentage profits and i didnt tend to make to go for long term.Its normal to think off that mining difficulty
do increase over time which would lead up for you to reach roi for longer times but still you can able to manage to be profitable since there are lots of coins to be mined in the market.