Quote from: Nail15 on Today at 05:36:09 PM

Now (2023) bitcoin is on the bottom, it is better to take it if in the long term.

The worst thing to do is invest in mining equipment when you think this is the bottom just to sell it later on, the price appreciation on mining gears is a lot lower than on the coin itself, due to the following reason.

1- Difficulty rises, the profitability doesn't increase proportionally with price, and thus the miner's value doesn't too.
2- The miner loses value due to the efficiency race, right now his miner is one of the most efficient gears, a year later, it won't be, which makes it lose value as well.
3- The miner's age, the longer it sits there, and the more value it loses.

Of course, this changes if it's a matter of selling the miner and keeping the fiat, assuming this is the bottom, then keeping the miner will outperform keeping cash, but if it's the bottom then BTC > mining gear.