Mine&Hold vs. Mine&Sell ?

[mc1225]

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.

Its a point, agree to cycle for better mining hardware.

[RJX]

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.

Well that's what it boils down to, doesnt it? If you are in position to hold, why sell them? There are big miners out there that influence the price and they pretty much determine the value now. Any altcoin needs to mature and only time will tell if it'll stick around and die off. My advice for determining which'll stay which not, is to look at the community, the coin's target industry or group and don't forget your own gut feeling. It wasnt until after nearly four years that bitcoin skyrocketed, so why wouldn't that be the case with any other coin now being only a couple of weeks old?

If you really need the btc, save a couple of any altcoin you sell off, that's what I do and sure enough from time to time you feel like your holding a big bag of air but you should ask yourself if you're not comparing too much with the current value of bitcoin which, again, took four years to reach this pricelevel. Also beware of greediness, 'you gots to get paid' may be true but could leave emptyhanded if altcoins hit the mainstream; ask any early btc seller.

I can't look into the future but with the current state world ecnomics is in, and the efforts developed by independent communities trying to find an alternative to our current moneys, I like to believe altcoins will be a succes.

[CoinBuzz]

What percent do u guys convert to BTC and what percent hold in altcoins?

[brooklynite]

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

You always MINE AND SELL.
YOU never ever MINE AND HOLD.

Step A)
You MINE whats the most profitable. Use Multiminer (fee but you have to pay coinwarz if you want automatic switching) or use Coinwarz manually and switch between coins. 

Step B)
You immediately sell what you mine. The most profitable COIN to mime is profitable because its spiking for some weird reason and it will DROP soon so you never want to hold on to that. Dont mine anything that spikes up on coinwarz because difficulty is down -80% that will change in 2 minutes and you will be mining very little 2 minutes after you switch.

Step C)
You buy what has a good future. BTC if you want solidity with almost no reward but don't want to watch it daily. Some other solid coin like NET if you want moderate reward with little risk to downside. Speculative coins like Vert, SMC, DOGE, MOON if you want huge risk/reward (you could lose it all or double your coins value in a short time,. )

[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

You always MINE AND SELL.
YOU never ever MINE AND HOLD.

Step A)
You MINE whats the most profitable. Use Multiminer (fee but you have to pay coinwarz if you want automatic switching) or use Coinwarz manually and switch between coins. 

Step B)
You immediately sell what you mine. The most profitable COIN to mime is profitable because its spiking for some weird reason and it will DROP soon so you never want to hold on to that. Dont mine anything that spikes up on coinwarz because difficulty is down -80% that will change in 2 minutes and you will be mining very little 2 minutes after you switch.

Step C)
You buy what has a good future. BTC if you want solidity with almost no reward but don't want to watch it daily. Some other solid coin like NET if you want moderate reward with little risk to downside. Speculative coins like Vert, SMC, DOGE, MOON if you want huge risk/reward (you could lose it all or double your coins value in a short time,. )

what if i mine Doge/Vert (Not the most profitable coin, but somehow profitable to mine coins) directly ?

[larem]

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 sell most alts, and keep those that I can use for different investment types or look promising for future increases in value. For the most part everything goes to BTC, though.

[brooklynite]

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

You always MINE AND SELL.
YOU never ever MINE AND HOLD.

Step A)
You MINE whats the most profitable. Use Multiminer (fee but you have to pay coinwarz if you want automatic switching) or use Coinwarz manually and switch between coins. 

Step B)
You immediately sell what you mine. The most profitable COIN to mime is profitable because its spiking for some weird reason and it will DROP soon so you never want to hold on to that. Dont mine anything that spikes up on coinwarz because difficulty is down -80% that will change in 2 minutes and you will be mining very little 2 minutes after you switch.

Step C)
You buy what has a good future. BTC if you want solidity with almost no reward but don't want to watch it daily. Some other solid coin like NET if you want moderate reward with little risk to downside. Speculative coins like Vert, SMC, DOGE, MOON if you want huge risk/reward (you could lose it all or double your coins value in a short time,. )

what if i mine Doge/Vert (Not the most profitable coin, but somehow profitable to mine coins) directly ?

You can do that if you want to make a lot less money. Considering 1/4 of your income goes to electricity if you do that and make 1/2 in coins, your income gets cut in third.

Plus the most profitable coin WILL DROP VERY SOON and you will end up with nothing just wasted electricity.

Big mistake.

Always MINE the most profitable.
Always sell and buy NET.

[larem]

You can do that if you want to make a lot less money. Considering 1/4 of your income goes to electricity if you do that and make 1/2 in coins, your income gets cut in third.

Plus the most profitable coin WILL DROP VERY SOON and you will end up with nothing just wasted electricity.

Big mistake.

Always MINE the most profitable.
Always sell and buy NET.

Most profitable is based on how many you can mine and what it sells for. Example:

Difficulty 100 gives 50 coins per day. They are worth $0.01 each. You are making $0.50 a day.
Difficulty spikes up to 1000, giving 5 coins per day. They are now worth $0.09 each. You are making $0.45 a day.

Your profitability is lower, but the value of the coin is HIGHER. If you had kept the 0.01 coins, they'd each be worth 9x what they were now.

Profitability != value of a single coin.

[hvezdasmrti]

Its impossible to answer.

I primarily mine coins which i expect to grow up soon. Ideal coin to mine is an undervalued coin. Price increases usually with few days of mining and the profit is raising and then i try to catch the peak point of price (dividing my sell-outs to more intervals, at least one sell interval usually hits the peak point). When the price drives down i stop selling (and mining - its never profitable to mine a coin which is going down, diff is behind the price, better to buy them trying to hit the bottom) and i just save my coins in wallet waiting and waiting and waiting for a pump. Every coin gets pumped sometimes so its only a question of time and patience.

When i feel that no coin has good short-term potential enough then i mine every crap which is most profitable to sell instantly and i buy my favourite coins instead of mining them directly (e. g. when the favourite coin has poor profitability its much better to buy them instead of mining). The problem of instant selling is that the most profitable coin to mine is usually "most" profitable for a very short time and very often it gets unprofitable after few hours so i cant leave my rigs unattended.

[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

You always MINE AND SELL.
YOU never ever MINE AND HOLD.

Step A)
You MINE whats the most profitable. Use Multiminer (fee but you have to pay coinwarz if you want automatic switching) or use Coinwarz manually and switch between coins. 

Step B)
You immediately sell what you mine. The most profitable COIN to mime is profitable because its spiking for some weird reason and it will DROP soon so you never want to hold on to that. Dont mine anything that spikes up on coinwarz because difficulty is down -80% that will change in 2 minutes and you will be mining very little 2 minutes after you switch.

Step C)
You buy what has a good future. BTC if you want solidity with almost no reward but don't want to watch it daily. Some other solid coin like NET if you want moderate reward with little risk to downside. Speculative coins like Vert, SMC, DOGE, MOON if you want huge risk/reward (you could lose it all or double your coins value in a short time,. )

what if i mine Doge/Vert (Not the most profitable coin, but somehow profitable to mine coins) directly ?

You can do that if you want to make a lot less money. Considering 1/4 of your income goes to electricity if you do that and make 1/2 in coins, your income gets cut in third.

Plus the most profitable coin WILL DROP VERY SOON and you will end up with nothing just wasted electricity.

Big mistake.

Always MINE the most profitable.
Always sell and buy NET.

for example WDC was in top 5 profitable coin for last weeks, i was mining it and holding it, now it is going down, So should i sell all of it or hold them for next rise ?

[coinerer]

High price -> sell mined or bought coins.

Low price -> buy or mine coins and hold

Repeat both

[larem]

for example WDC was in top 5 profitable coin for last weeks, i was mining it and holding it, now it is going down, So should i sell all of it or hold them for next rise ?

I think WDC will go up over time. You can cash in on short-term rises/falls though.

[evel]

Mine and sell for me. I won't accumulate crappy alt coins. They can dissapear or devaluate fast.
Multipools for me are a waste of time and a huge risk. I prefer direct BTC/LTC mining or auto-trade BTC/LTC pools like middlecoin/hasco/switchercoin/ltcrabbit, etc...
Just my 2cents.

[PhattyBanks]

for coins that i think are shit coins mine and dump everything as soon as it hits an exchange but 5%
for coins that i think might have a future mine and keep 50% dump 50%

[Omikifuse]

Mine & Hold about 80% of it, sell 20% just to pay electricity and stuff...

[brooklynite]

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

You always MINE AND SELL.
YOU never ever MINE AND HOLD.

Step A)
You MINE whats the most profitable. Use Multiminer (fee but you have to pay coinwarz if you want automatic switching) or use Coinwarz manually and switch between coins. 

Step B)
You immediately sell what you mine. The most profitable COIN to mime is profitable because its spiking for some weird reason and it will DROP soon so you never want to hold on to that. Dont mine anything that spikes up on coinwarz because difficulty is down -80% that will change in 2 minutes and you will be mining very little 2 minutes after you switch.

Step C)
You buy what has a good future. BTC if you want solidity with almost no reward but don't want to watch it daily. Some other solid coin like NET if you want moderate reward with little risk to downside. Speculative coins like Vert, SMC, DOGE, MOON if you want huge risk/reward (you could lose it all or double your coins value in a short time,. )

what if i mine Doge/Vert (Not the most profitable coin, but somehow profitable to mine coins) directly ?

You can do that if you want to make a lot less money. Considering 1/4 of your income goes to electricity if you do that and make 1/2 in coins, your income gets cut in third.

Plus the most profitable coin WILL DROP VERY SOON and you will end up with nothing just wasted electricity.

Big mistake.

Always MINE the most profitable.
Always sell and buy NET.

for example WDC was in top 5 profitable coin for last weeks, i was mining it and holding it, now it is going down, So should i sell all of it or hold them for next rise ?

Actually you may have mined WDC when it was higher than today, that's why it was near the top on coinwarz (it was never #1 anyway) so you are already late selling it, but that's ok, sell it now and buy what you think WILL go up like CASH, NET or SMC. But WDC has already gone up (thats why you were mining it!) and now its on its way down.

[minecrew]

It depends on coin name and real community.

For example, NetCoin, iCoin, SmartCoin, WorldCoin sounds good, in perspective they can be accepted by services and markets.

Coins with bad names has low chance to be popular.

High price -> sell mined or bought coins.

Low price -> buy or mine coins and hold

Repeat both

And I agree with this. But how to know what means "low price"... That's good question, for sure.

[brooklynite]

Mine & Hold about 80% of it, sell 20% just to pay electricity and stuff...

Thats absolutely not correct. You mine the most profitable, the ones in the peak of the charts that are about to fall. So you never hold them. You buy those that have already fallen and wait for next run.

[chip99]

when u are in the business for few months and mining you will know the answer. dont need to ask others.

[brooklynite]

It depends on coin name and real community.

For example, NetCoin, iCoin, SmartCoin, WorldCoin sounds good, in perspective they can be accepted by services and markets.

Coins with bad names has low chance to be popular.

Thats true but  more important is PREMINE and INSTAMINE. When that happens you will be running your RIG hot for days to make 100 coins worth $50 and your electricity during the same time is $25 so your net profit is $25 and a few hours of your time. At the same time the developers and their buddies have millions of the same coins. You cant compete. They are worth $100,000 each and YOU are supporting them.

So SAY NO TO PREMINE and INSTAMINED coins.