Quote from: philipma1957 on May 04, 2021, 09:17:09 PM

Quote from: D1NG0 on May 04, 2021, 08:33:43 PM

I find more value in Ethereum, so I keep it as it is Cheesy

For me it’s simple math. I was mining last week and mining this week - did not cash out. When do you think I earned more?
Definitely last week Grin

which means nothing unless your power company lets you pay with etc and you buy all your mining gear in eth.

But I respect anyone that wants to mine and hodl a coin.

anyone that complains the the coin is now worth 40x what it was last year in fiat and they earn the coin more slowly is living a very dangerous game especially with ETH.

ONE day mr v will die and in under 100 years yes

in under 50 years pretty likely

I won't guess lower numbers but if he dies today eth will crash and burn bigly as others fight to control it.
So to bet on long term hodl of eth is risky due to his control of it.

So first find out mr v's age

he is a kid 27
https://en.wikipedia.org/wiki/Vitalik_Buterin

read up on him and consider that ETH value will drop a ton if he dies.

Figure some defensive moves with your eth.

and plan accordingly.

I look at operating costs this way. I ask myself a simple question. Would Ethereum grow at a rate that offsets your local bank’s lending rate? Over a year, it seems risky, but you know what the interest is going to be (that is one sane, reliable thing about centralized systems) and you know your op. cost.

So you mine away and have stop losses in place, just so you are not screwed over totally. But here’s where I see the truly great thing about crypto - maybe the very next week’s peak is enough to cover your year’s interest. Cash it out immediately, set it aside. Now as long as mining is profitable for your electricity rate, why cash out daily or even monthly? Cash out in portions at the end of any of the bull runs that happen during the year without worrying about making the bills.

Like you said it is never good have everything in one basket and be utterly faithful. I hold and wait for the right time and have enough liquidations options in place so I not holding a worthless bag. This is a golden rule everyone should follow. But as long as you believe in the currency and its real world application (unlike Bitcoin, which is ostensibly just the brand value) I don’t think anyone should live in fear of cashing out at every given chance. The loss of opportunity weighs too much.