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Quote from: sanas on July 30, 2016, 07:13:38 PM

If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.

Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high.
Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you.

Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops.

Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue.

Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it.

I trade the bitcoin with some good altcoins. So even if the altcoin price drop, I will not panic, as they will rise in the future.

there are a lot of coins that price drops and never recovers so i would be very careful about it to be honest in order not to lose it all in the future

Go through the news related to altcoin, try to know about its history and what are the upcoming events related to it and if you find it potential then you should go for it.

It is more profitable to just participate during the ICO as that is less stress for an investor. Usually the altcoins have a very good price after the release of the ICO, and when it pump it usually go to the moon and if that would not last it will abruptly dump but at least you make money already during the pump.

You need to be very active and clever while you are into altcoin trading, and 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.