Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’
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Bitcoin price touched $17,600 nearly two weeks ago and it’s starting to feel like the fund-driven capitulation armageddon might be over. There are rumors that leveraged miners could go under, inefficient miners are turning off and equipment is being sold 50% to 65% to 2021 prices. Blockware Solutions and Will Szamosszegi of Sazmining Inc. recommend a dollar-cost-averaging strategy to people: Just buy however much Bitcoin you feel comfortable with on a consistent schedule. Blockworks believes that there is a severe lack of infrastructure in the space for hosting space, and you’re going to see a lot of insolction and capitulation in the broader space, to get going to get Source