Bear Market Strategy: Using "Coin-Based" Thinking
The cryptocurrency price in June was like a roller coaster, falling more than rising, and it seemed that everyone was caught in the downturn of the bear market. And some small miners who use mining rigs with high "shutdown currency prices" have to choose or be forced to shut down and wait for the currency price to rise.
Can you continue to invest and make money in a bear market? How to make money in the long run and a wider time without knowing when the price of the currency will rise?
As we all know, one of the winterization strategies for bear markets is to hoard more coins. And how to hoard more coins? You need to take a "coin-based" mentality to face the market ups and downs. What is "coin-based"? It's actually a mindset where digital currency is the standard.
Numerous early crypto investors have learned from the bloody experience that only being optimistic about short-term gains may lead you to “sell at the top” or “buy at the bottom” at a certain opportunity. But after long-term operation, the result is that the number of coins is getting less and less, and the next wave of bull market is empty.
Just like Bitcoin has risen more than 20 million times since its inception, the final big winners are those who really hold it until now. And many of them left in the midst of one volatility after another. There are also people who lost 80-90% of their money and gave up because they couldn't stay up, so they missed out on the thousands of times of gains that followed.
People with "coin-based" thinking, the main purpose of trading is to obtain more digital currency. In the current downward trend, although the total value of assets converted into fiat currency has become less, if the number of coins increases, it will also be profitable for people with a "coin-based" mindset.
In general, "coin-based" thinking takes earning coins as the first priority, and judges whether it is a good transaction based on whether the number of coins increases or decreases. The best way to hoard coins is to mine them. The advantage of mining and hoarding in a bear market is that as the price falls, it becomes less difficult to mine, and when the shutdown price is reached, a large amount of computing power is withdrawn from competition, which is beneficial to the remaining miners.
The main risk to miners for mining is the cost of electricity, so it is important to prevent the damage caused by the high "shutdown price" of mining rigs. Such investors need to short all electricity equivalent futures for the entire life of the mining rig, and optimistically only hedge all electricity expenses during the payback cycle.
If you want to mine and hoard coins quickly with low cost, you should choose a mining rig with low shutdown coin price. This kind of rig has low power consumption and uses less electricity, so the expenditure spent on electricity is less, which can save a large amount of money. Choose a safe and stable ASIC mining machine can help you easily hoard coins, just like JASMINER a low-power brand, their technology is for pure low-power and power-saving mining, low power consumption, shutdown coin price is low, plus the cost of electricity saved, miners can keep mining coins to hoard coins, although the current coin price fluctuations are relatively large, to be perfected after the market, the coin price is another new height, in the bull market and then sell at a high price, want not to profit are very difficult.
When it comes to JASMINER, we have to mention the X4 chip developed by them, which is the world's first high-throughput computing chip with integrated storage and computing, with large bandwidth and low power consumption. The two very popular products equipped with this chip, X4 1U and X4-Q, both have high hash rate and low power consumption. Not only are they highly efficient, they have extremely low shutdown coin prices, and invariably both help miners stock up on coins quickly and save on electricity costs in the current bear market. Interested miners can click on their official website www.jasminer.com to browse more product information.
If you choose to go coin-based (more on the number of coins, not on the value), you don't have to worry about gains and losses because of the rise and fall of the currency price. Because the volatility in the crypto world is always huge, if investors are always worried about gains and losses, they can't hold their coins calmly and go through bull and bear markets.