Post
Topic
Board Mining (Altcoins)
Re: Number 9! Ninth altcoin thread. Back to the moon Baby!
by
philipma1957
on 08/01/2021, 01:59:32 UTC
Phil,

I'm still a newbie.  So viabtc > auto widthdrawall to say coinbase, then convert to btc, then to your personal wallet?


close.

Lets say I get 1  eth. takes me what ever.  It goes direct to Coinbase.

say it was 1 eth = 1200 usd.  sell 1/2 for cash. convert 1/2 to btc.

say 600usd  + 600usd worth of btc.

withdraw 400 usd to bank for bills.

hodl the 600usd in btc at coinbase.  if there is a strong rise in btc price sell a bit of it.

So I almost never have eth on hand. Other then when it builds up at viabtc.

There is a  quasi short hodl of eth as it takes a while to earn the 1 eth.