Post
Topic
Board Economics
Re: Mining coins save or sell it?
by
twicezeroiszero
on 21/12/2017, 22:22:16 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?

you must calculate the expenditure used for mining so that you can know your mining profits and make a decision to sell them or keep them
Yes, for miner, calculate the electric fee and profit to gain the fee has spent to buy hardware mining is very important.
Therefore, there are not much miners choose holding coin mined while they just join in mining or invest in hardware.
I think first you must have proper knowledge about bit coin trading. So my advice to you is that you should got some knowledge about it and then calculate all your expenditure and also calculate your profit that you have got from mining.

Then it’s your own choice that you wanted to save that profit or you wanted to invest in bit coin. I think it will be better for you to save you profit until you got knowledge about bit coin trading.
Certainly, you can not do anything without the knowledge.
Even, the experience is also neccesary to help you have profit from mining.
But honestly, mining for saving is impossible unless you know the price can be high in short time before you sell it.