Bitcoin has broken the all time high of 2017 and now it is around 19,000$. The worst part is that even on these level, we are not seeing any pumps and look like price may fall all the way to 10,000$ or even lower.
Once bitcoin was at 69,000$, who would have thought that bitcoin will go so low so fast ? Now what do think, where we are in terms of bitcoin cycle. I think we are already in th bear market since summer of last year and maybe the bottom/ end of bear market is near ?
~No, in my opinion, speculating is risker than mining as the fluctuation range is large and very often the price of coins is affected by the market, policies, news and other factors
~It is more suitable for mining when the market is sluggish or in the downtrend as the mining machine price reduces, difficulty decreases, miners can mine a stable amount of coins over a long period of time, when a bull market arrives, miners can sell the coins they dig up in a bear market for a huge profit
In Short:
"Bear market mining, Bull market speculation"