Mine&Hold vs. Mine&Sell ?

[CoinBuzz]

Hi guys,

What's your strategy of altcoin mining?

Do u mine altcoins and hold them for long long term (hope that they will be used in daily usage or worth 1000$ someday) ?

Or Do u mine them and sell them for bitcoin (because bitcoin is the only thing worth for current and future for sure) ?

Just want to know your thoughts

[CoinAmmo]

i usually sell 50% and hold 50% of promising altcoins, depending on the math and the community

[roslinpl]

Hi guys,

What's your strategy of altcoin mining?

Do u mine altcoins and hold them for long long term (hope that they will be used in daily usage or worth 1000$ someday) ?

Or Do u mine them and sell them for bitcoin (because bitcoin is the only thing worth for current and future for sure) ?

Just want to know your thoughts

I guess alts are not good to keep your money in it because there is huge risk of losing value.

So I guess if you mine alts - sell most of it to collect money and but bettermining hardware.

[elixir]

i have a few coins that i will save but depending on the market i do sell now and again.

[CoinBuzz]

any other advice ?

[MicroGuy]

Hi guys,

What's your strategy of altcoin mining?

Do u mine altcoins and hold them for long long term (hope that they will be used in daily usage or worth 1000$ someday) ?

Or Do u mine them and sell them for bitcoin (because bitcoin is the only thing worth for current and future for sure) ?

Just want to know your thoughts

Mine and hold the coins you think are going up, mine and sell the coins you think are going down. 

[jongameson]

mine/buy weed from SR

[alc]

Haven't cashed out yet. Wishing I'd cashed out a little back when LTC was $50... c'est la vie.

[hellscabane]

I personally do a proportional thing where I dedicate the amount of hashing power needed to meet operating costs + 33% to a multipool where I cash out regularly and use what I cash out for operations + some play money. With my remaining hashing power, roughly half goes to coins that I have feel have strong fundamentals and are good long term, and the other half goes to speculative mining endeavors.

It's worked very well for me thus far. Of course, YMMW...

[juju]

Someone can correct me if i am being too hopeful and optimistic. First off, I am not saying that all Alt coins will go up in value, but from my perspective Exchanging Altcoins->BTC can probably become its own Financial sector in the future. (It has developed quite fast)

Some of the projected Market caps for Cryptocurrencies will be around 1 Trillion around 2024, looking at some currencies right now for example: TIPS has a market cap of like 1.3-1.6million last I checked. If overtime the cryptocurrency market cap as a whole grows I imagine some of the alts we are holding now could have new caps several times their current values.

Hold for years and years.

[hellscabane]

Someone can correct me if i am being too hopeful and optimistic. First off, I am not saying that all Alt coins will go up in value, but from my perspective Exchanging Altcoins->BTC can probably become its own Financial sector in the future. (It has developed quite fast)

Some of the projected Market caps for Cryptocurrencies will be around 1 Trillion around 2024, looking at some currencies right now for example: TIPS has a market cap of like 1.3-1.6million last I checked. If overtime the cryptocurrency market cap as a whole grows I imagine some of the alts we are holding now could have new caps several times their current values.

Hold for years and years.

Whoa! $1 Trillion? I need to see that analysis. That's nearly 5% of the US M2 estimate in 2024. And that's nothing to sneeze at...

Could you provide a link to that analysis? I'm very intrigued to how such a high number was obtained...

[blade87]

Mine at release and sell shortly after is a good strategy. Mine and sell once the coin is no longer the most profitable to mine is a horrible strategy.

But, whatever is sold, I would keep in crypto.

[juju]

Someone can correct me if i am being too hopeful and optimistic. First off, I am not saying that all Alt coins will go up in value, but from my perspective Exchanging Altcoins->BTC can probably become its own Financial sector in the future. (It has developed quite fast)

Some of the projected Market caps for Cryptocurrencies will be around 1 Trillion around 2024, looking at some currencies right now for example: TIPS has a market cap of like 1.3-1.6million last I checked. If overtime the cryptocurrency market cap as a whole grows I imagine some of the alts we are holding now could have new caps several times their current values.

Hold for years and years.

Whoa! $1 Trillion? I need to see that analysis. That's nearly 5% of the US M2 estimate in 2024. And that's nothing to sneeze at...

Could you provide a link to that analysis? I'm very intrigued to how such a high number was obtained...

No links to any formal Analysis, this is a topic of interest I would like to read about further myself. What I discussed above were figures I read on either this site or some similar forum(purely speculative). Right now BTC is around 10b Market CAP USD, in the past year BTC's market cap has grown from several hundred million to up to about ~15billion at its peak, based on the trend of the BTC Market cap, a year from now the cap could possibly reach 30-45billion during the its next peak. As more people learn about BTC and other various crypto-currencies they will mine/invest in Alts as a way to try to make a quick BTC.

[hellscabane]

Someone can correct me if i am being too hopeful and optimistic. First off, I am not saying that all Alt coins will go up in value, but from my perspective Exchanging Altcoins->BTC can probably become its own Financial sector in the future. (It has developed quite fast)

Some of the projected Market caps for Cryptocurrencies will be around 1 Trillion around 2024, looking at some currencies right now for example: TIPS has a market cap of like 1.3-1.6million last I checked. If overtime the cryptocurrency market cap as a whole grows I imagine some of the alts we are holding now could have new caps several times their current values.

Hold for years and years.

Whoa! $1 Trillion? I need to see that analysis. That's nearly 5% of the US M2 estimate in 2024. And that's nothing to sneeze at...

Could you provide a link to that analysis? I'm very intrigued to how such a high number was obtained...

No links to any formal Analysis, this is a topic of interest I would like to read about further myself. What I discussed above were figures I read on either this site or some similar forum(purely speculative). Right now BTC is around 10b Market CAP USD, in the past year BTC's market cap has grown from several hundred million to up to about ~15billion at its peak, based on the trend of the BTC Market cap, a year from now the cap could possibly reach 30-45billion during the its next peak. As more people learn about BTC and other various crypto-currencies they will mine/invest in Alts as a way to try to make a quick BTC.

Understandable, I guess the trickiest thing is which global economies can cryptocurrencies penetrate further in to. It's hard to say really. The biggest issue is that cryptocurrencies need direct inflow to support market caps. I could imagine market caps continuing to grow, but to reach $1 Trillion would require Y/Y growth of nearly 100% for the next ten years. That's really a lot for any starting cap, more or less for a cap already in the billions.

[CoinBuzz]

Unfortunatly multipools does not provide reasonable income (they are normally lower than if mine one profitable coin directly).

Do u mine on multipools and hoard your BTC's?

[BitCoinPokerBro]

mine/buy weed from SR

Not sure if I read that right?

[jongameson]

mine/buy weed from SR

Not sure if I read that right?

i meant sell.  we're here to make a prophet, right?

[CoinBuzz]

mine/buy weed from SR

Not sure if I read that right?

i meant sell.  we're here to make a prophet, right?

SR shutted down, isnt it?

[hvezdasmrti]

Sell = regret selling
Hold = regret not selling

[roslinpl]

Sell = regret selling
Hold = regret not selling

It is not like that:

Sell - I need money right now
Hold - I can wait like a year for a bigger profit.