Are Bitcoin Miners Selling The Bottom? – Bitcoin Magazine

Buying low and selling high is one of the most basic components of investment advice in the history of financial markets. Bitcoin is now 10 months into its current bear market cycle, and many investors and companies that didn’t “sell high” are probably regretting it.

Miners are distinguished, however, from all other market participants because they are actually always buying (paying for electricity to earn more bitcoins) and, depending on their corporate strategy, also always selling (selling bitcoins to pay for capital expenditures and operating costs). ).

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