Why is a bear market better suited to buy miners?

Apextomining

New Member
Mar 16, 2023
2
1
The Virtual currency market is cyclical same as Stock, with periods of growth and corrections. Markets can’t go up all the time, so it’s normal and healthy to go down.

I know that’s probably not what you want to hear, but it’s the truth! So brace yourself for a cyclical downturn. Better yet, plan for them- what will you do when the market tanks?
 
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OpenCEX

Member
Mar 6, 2023
33
1
London
polygant.net
One obvious opportunity embedded in the BTC price dip is the ability to buy mining equipment at much lower prices, since many large ASIC manufacturers sell via spot pricing, which fluctuates with the price of BTC. The same ASIC miner might sell right now for substantially less than it did even just a few months ago. For those who still believe in the long-term value and potential of BTC, the bear market provides an attractive entry-point that many miners and investors thought they’d missed out on years ago, and one that won’t last forever.
 
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