Post
Topic
Board Economics
Re: Mining coins save or sell it?
by
jaysabi
on 26/11/2015, 21:15:19 UTC
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?

If your outlook is 12 months then i think saving is the best thing to do. The long term perspective for bitcoin is very good in my opinion.

Selling them at current prices is just too low. Holding on to them will make it you more profit by selling them at this 'low price'

12 months is not a long term horizon. If you're confident about the long term prospects of bitcoin, you should plan to hold for 5-10 years. As a point of comparison, look how much bitcoin has fallen in the last 12 months. People one year ago who were buying with the pipe dream of being rich 12 months later lost 50% of their money in bitcoin. It's only over very long timelines that bitcoin has the potential to make you bring you a nice return, but the risk is not absent. Bitcoin might not be a force in 5-10 years, it could be disrupted itself.