Bitcoin price is going down for the past 6 months and still is.
The price zone between 5,000$ - 6,000$ considered as a safe zone in regards to mining costs,
below this price zone mining Bitcoin in most of the countries considered to be not profitable.
Having said that, the longer the Bitcoin traded at the 6,000$ price,
More and more news about Bitcoin mining and the cost of it started to pop up,
and it seems like the media is preparing us for another price drop.
All of a sudden the cost of mining Bitcoin was overestimated...
I am getting myself ready for the last drop,
The panic drop.
A drop that will confuse many will wipe many more and will cause panic.
My strategy is simple:
My Trade Size = X
I Buy Half X at 4,900$ (Bitfinex)
I Buy The Second Half at 4,500$ (Bitfinex)
My Stop Loss = X
The price zone between 5,000$ - 6,000$ considered as a safe zone in regards to mining costs,
below this price zone mining Bitcoin in most of the countries considered to be not profitable.
Having said that, the longer the Bitcoin traded at the 6,000$ price,
More and more news about Bitcoin mining and the cost of it started to pop up,
and it seems like the media is preparing us for another price drop.
All of a sudden the cost of mining Bitcoin was overestimated...
I am getting myself ready for the last drop,
The panic drop.
A drop that will confuse many will wipe many more and will cause panic.
My strategy is simple:
My Trade Size = X
I Buy Half X at 4,900$ (Bitfinex)
I Buy The Second Half at 4,500$ (Bitfinex)
My Stop Loss = X