Buying Bitcoin at the right time is a better decision than mining Bitcoin. Bitcoin mining is not that easy, Bitcoin mining usually requires a lot of electricity. In addition to electricity, many other devices are required to mine Bitcoin. If the price of electricity is high and if there is no electricity all the time then Bitcoin mining can be loss making rather than profit making. Buying Bitcoins is more profitable than mining Bitcoins if you can wait and buy Bitcoins at the right time without mining them. I think buying bitcoins at the right time is a better way than mining bitcoins
When is the right time to buy?
That question always arises from someone who is about to get into Bitcoin.
There are various answers to that question.
Maybe in general the answer that will be given is when the price of Bitcoin drops or when bitcoin goes into bearish mode.
But will that guarantee we will get the best price?
Of course not, because the decline in the price of Bitcoin we will not know completely, there are only a few predictions that might give a sign that the decline in bitcoin will end at the strongest support.
The right time to buy bitcoin depends on the investment strategy implemented by each person.
If the investment target to be achieved is long-term, then as long as Bitcoin has not reached the latest ATH it is the best price.
Especially seeing the current price, which is far below the last ATH, of course it will be a good time.
Then about mining or buying Bitcoin, it's a choice for everyone.
For those who have mastered mining and know what the benefits and risks are, mining is the right choice.
Indeed, electricity costs will swell, but electricity costs will not increase, but its use is increasingly wasteful with mining devices that continue to operate.
Moreover, device maintenance as well as several algorithms that must be understood to do bitcoin mining.sharks like to pounce