Understood- the current state of mining does not provide a satisfactory return.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.
Nope. No mining necessary.
If you believe BTC will spike to $1200, then buy it now at $376.76. No need to risk hardware purchases or electricity costs.
Hasn't the myth of mixing currency speculation (i.e. wishful thinking) and mining been so thoroughly debunked that it's beyond reasonable doubt?