$Bitcoin (BTC.CC)$ Mining companies are similar to gold mine...
Mining companies are similar to gold mines, as long as they can be mined, it's good, but what if they can't mine anymore, will they become abandoned mines? The mining reward is now at 3.15...
Is it approaching the point of being an abandoned mine? The chart is declining, and the once-every-four-years peak is getting lower each year.
I can't help but think that it might be a good idea to just buy BTC, which has been steadily rising, straightforwardly...
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J_M_RIN : It's about what the price of Bitcoin will be by the next halving, right? The physical form keeps getting more expensive... If improvements are made to increase efficiency in mining and reduce costs such as electrical consumption, wouldn't that be good? Regardless of the price of Bitcoin, you will receive 3.15 bitcoins as a reward, so if you anticipate that the price of Bitcoin will triple or quadruple in the next few years from here, mining company's operational income will increase depending on the price of Bitcoin until the next halving, and as a result, the value of the bitcoins you own will also increase, so it's surprisingly not a bad idea, isn't it? Of course, I do not plan to hold mining stocks until the next halving period. We understand that it will reach the upper limit of 21 million bitcoins in the year 2140.
StreetLife OP J_M_RIN : I just couldn't bring myself to invest.
History repeats itself, doesn't it?
During the gold rush, the most profitable were the sellers of jeans and picks, weren't they?
I couldn't help but think this is the same, you know?
J_M_RIN StreetLife OP : I am not completely confident there, so I am diversifying my investments. For now, I believe there is no doubt that it will rise if Bitcoin continues to rise destructively.