Post
Topic
Board Economics
Re: Mining coins save or sell it?
by
justspare
on 12/12/2017, 06:43:56 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 you are mining coins I think it is better to save it and let it appreciate its value. Of course it depends on the coins you mine, but if you believe in the company behind it and the innovation it can create within its market then I think holding is the best way for you. Many promising coins are still undervalued now and I think they are not just ripe enough for it to grow but I believe if the time comes, you will be the one who will be rewarded the most. Instead of mining then sell it afterwards, I think holding will be the beneficial the most.
I agree to that. Most of my friends mine ethereum when it was just a few bucks on the price and they are keep selling it because they don't believe that it will be a good coin to save and to be kept for long term but right now they regret it and they are now saving some of the coins that they are mining because they already learn the lesson from mining ethereum.
Mining is a very good way of making bitcoins but the thing is it really requires lot of consumption of power and electricity. Other than this, you also need to have high performing super computers. If you can manage to mine the coins, then the best thing which you can do is that you save those coins. It will help you in making more profit out of those coins as the market price is rising significantly.