Aug 22 • General discussion
How does bitcoin mining typically work during bear markets?
Going to get my first two miners now and obviously we're in a bull market and btc will go up for a few more months most likely, but afterwards we'll go into a bear market again. I really want to compound the amount of miners I have and constantly reinvest, so how does that look like during a bear market?
From my research mining difficulty tends to go down, but so does price in a bear market (thus becoming less profitable dollar-wise). Is the best move to just hold the bitcoin and potentially sell it in the next bullmarket? (to buy more and newer miners)
I want to do this long-term as well
2
2 comments
How does bitcoin mining typically work during bear markets?
powered by
skool.com/proof-of-workshop-8586
💸 Unlock financial freedom with BITCOIN! 💡 Learn from full-time ₿TC miners 📈 Get funding to start mining 💰 Join us & master the future of finance!
Suggested communities
Powered by