Topic: Best Way for Bargain Hunting in the Bear Market! - page 4. (Read 706 times)

his first suggestion is not related to mining or cloud mining , so i would accept it and i totally agree with it  . buy low sell high is the most basic and most popular strategy to do when bear market strikes  .  however i also agree on you that most cloud mining sites are just plain scams  but maybe there are few exeptions  . i know some old cloud mining sites that are still up and running until now  .

buying a miner and do mining all by yourself  , can also be a good alternative option to avoid the risk on cloud mining investments .

Ok, first of all, most Cloud mining services that "sell" hash power is based on Ponzi schemes, so I would not advise people to invest money in that. Secondly, you already said that you are a newbie, so why would people contact you for guidance? I would suggest that you study the subject a bit more, before you offer people the option to contact you for advice and guidance.

You do not want people to blame you, if you gave them the wrong advice, right? There are enough experts out there that are willing to give advice for free on public forums like this, so concentrate your efforts on targeting these people. 

There is a saying that anyone can make money in a bull market, but bear markets are where future profits are carved. This could apply to the current market situation especially when the market trend turns to be better.

The price of BTC soared from the bottom on December of 2018 at $3,203 to around $4,000 recently, which has increased by nearly 25% in only three months. When miners are worry about their losses on the devaluation of BTC, the market moved and getting better in a rapid speed.

Under the current duration where the bear turns to bull. It is the best time for bargain hunting for miners. There are several ways for bargain hunting and the chief three are shown as below:

1. Buy Bitcoins and wait the price to increase.

2. Buy the hashrate of BTC miners and find the miner hosting services.

3. Get a BTC miner directly and mining bitcoins by themselves.

There are pros and cons of these ways. From my opinion, for example, for risk-averse people, purchasing a BTC miner is a better way because the only cost is the investment capital on the miner and electricity fees of the data center. Compared with buying Bitcoins from the Exchange place, getting a BTC miner could be more safe and stable. The only disadvantage of the third way is probably its inconvenience of subsequent procedures such as hosting and operating. Though, it could be easily figured out by experienced platform and specialized companies.

I am a beginer of Bitcoin and Blockchain industry and still in the process of learning, feel feel to contact me and you guys are also very welcomed to email me. We could discuss and learn together  

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