Voted Coins
follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: Mine Bitcoin or Just hold it?  (Read 4602 times)

Online Stompix

  • Legendary
  • *
  • *
  • Activity: 3071
  • points:
    254776
  • Karma: 275
  • Bitcoin Mixer| Since 2019
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 09:26:31 AM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    One year Anniversary 2500 Posts Karma Bad
Re: Mine Bitcoin or Just hold it?
« Reply #105 on: May 03, 2025, 08:19:48 AM »
Solana is 7% yield
So 10000 in Solana yields 700 a year.
I think i would just buy  10k in btc and let it ride a few years

And what happens if Solana isn't growing in price, and if it might actually go down?
Then you're left with an interest rate lower than inflation on a depreciating asset.
I've always been against money printing out of thin air and staking is no different at all.



Altcoins Talks - Cryptocurrency Forum

Re: Mine Bitcoin or Just hold it?
« Reply #105 on: May 03, 2025, 08:19:48 AM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


Offline BazinyAmg

  • Baby Steps
  • *
  • Activity: 17
  • points:
    3190
  • Karma: 2
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 05, 2025, 11:07:36 PM
    • View Profile

  • Total Badges: 6
    Badges: (View All)
    10 Posts Karma Topic Starter
Re: Mine Bitcoin or Just hold it?
« Reply #106 on: May 03, 2025, 11:06:12 AM »
Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
It's no longer advisable to be a solo miner, even in the last 4 years, cost of electricity and then the hardware, so can't just simply mine at your own home. And if ever you do, you will want to compete with bigger mining companies that obviously has the superpower advantage against you. So between the two methods, it's better to just be a holder, accumulate as much as you can, do DCA and you will be fine in the long run as you will not complicate things on your end and will just have to wait till the top of the bull run to make profits.
I think accumulating and holding cryptocurrency can be more sustainable strategy for investors, and also investing a fixed amount constantly can help mitigate  the price  volatility because this approach help in takimg care of difficulties rand risks associated with mining.

Altcoins Talks - Cryptocurrency Forum

Re: Mine Bitcoin or Just hold it?
« Reply #106 on: May 03, 2025, 11:06:12 AM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


Offline enwi

  • D Mod
  • Hero Member
  • *
  • *
  • Activity: 1159
  • points:
    256529
  • Karma: 134
  • Bitcoin Mixer| Since 2019
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 07:01:38 AM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    Quick Poster 1000 Posts One year Anniversary
Re: Mine Bitcoin or Just hold it?
« Reply #107 on: May 03, 2025, 05:54:28 PM »
I think accumulating and holding cryptocurrency can be more sustainable strategy for investors, and also investing a fixed amount constantly can help mitigate  the price  volatility because this approach help in takimg care of difficulties rand risks associated with mining.
No wonder that more and more people prefer to accumulate and store than actively trading or mining each day. Well, the crypto market is not suitable for guessing all the time. This means that by buying at a regular interval, risk is diversified by being priced at various amounts, furthermore the best thing of all is that you do not have to choose a particular asset at a time that the market is shivering. Mining is also even more complicated in the present era and it is not only the machines and the expenses of resources such as electricity and maintaining the machines. Therefore, to me, it is only better to accumulate money gradually since it is good for the mind and is suitable for long term investments in digital assets.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod