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Author Topic: Is crypto winter just another name for crypto crash?  (Read 144 times)
karlie21 (OP)
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November 02, 2022, 06:31:42 AM
 #1

I have a basic understanding of what a crypto winter is. I've also heard that every crypto winter cycle is followed by a rally. Can someone explain what it is and how it can be used to determine the best time to buy miners?
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November 02, 2022, 08:16:55 AM
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 #2

I have a basic understanding of what a crypto winter is. I've also heard that every crypto winter cycle is followed by a rally. Can someone explain what it is and how it can be used to determine the best time to buy miners?

Just look at the chart for the whole timeline.
One example is this one, I don't know if I'll be able to insert the image here, however, the original link is https://resources.swissquote.com/sites/default/files/2020-04/graph1.png
Warning: this is a logaritmic scale chart, you may want to crosscheck with another price charts!


I see a cycle from halving to halving. Others see it from ATH to ATH. It doesn't matter, still a ~4 year cycle.
In second cycle the crypto winter was around the first 2/3 of year 2015. In the third cycle it was pretty much during the 2018 autumn and 2018/2019 winter.

The longer the "depression" lasts, the more the people call it crypto winter. But overall it's the worse part of the bear market, it's the period the price is the lowest in such a cycle and doesn't give any signs of recovery. It's the most depressing part for holders, it's the period some miners may be disconnecting their gears (for shorter or longer periods of time).

I am not an expert, but this is how I see it.
Also according to this chart, one year before the halving the price is already on a healthy rise. Maybe that's the moment you want for buying gear? I don't know, I certainly cannot give advise in that one. All this is more a price analysis/speculation.


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November 02, 2022, 11:14:19 AM
 #3

I have a basic understanding of what a crypto winter is. I've also heard that every crypto winter cycle is followed by a rally. Can someone explain what it is and how it can be used to determine the best time to buy miners?
Asics are still very expensive, and the network hashrate is still growing
https://www.nicehash.com/countdown/BTC-halving-2024-05-10-12:00
There is not much time left before the halving, if we assume that now the cost of mining 1 bitcoin is 15,000 dollars, then in 18 months the cost of bitcoin mining will increase by 2 times.
And the price of electricity is constantly rising.
I think that ASIC investment is not the best solution for small miners.

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November 05, 2022, 02:19:02 PM
 #4

I have a basic understanding of what a crypto winter is. I've also heard that every crypto winter cycle is followed by a rally.
Winter just like the season is a period where nothing grows due to the extreme weather, so a crypto winter will mean a period where it will be difficult and unfavorable for crypto, so investing in crypto at this time, you should not be quick to expect growth. After winter is followed by spring where plants begin to grow, the rally that follows after the crypto winter cycle can be attributed to the same characteristics of the spring season.

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suzanne5223
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November 05, 2022, 04:58:56 PM
 #5

I have a basic understanding of what a crypto winter is. I've also heard that every crypto winter cycle is followed by a rally. Can someone explain what it is and how it can be used to determine the best time to buy miners?
I don't have much knowledge about crypto mining but crypto winter is simply defined as the season of the crypto market's bearish trend. However, crypto winter also impacts the mining difficulty because mostly during the crypto winter mining difficulty is always down but if the mining difficulty is high it will suppress the crypto winter trend and generate a bullish trend.
Mining is always profitable during crypto winter because most miners consider crypto winter mining not to be profitable since they need to sell their earnings to fix bills but if you're going to mine for future purposes while to fix the bill using another means the current unprofitable mining earning will be in your favor when it bullish market.

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November 05, 2022, 11:01:42 PM
 #6

The price of miners these are pretty cheap from Bitmain and Canaan units. Why would you wait or predict the exact time to buy miners? Today is the best time to buy units from Canaan 1126 pro is around 400 to 500 which is cheap for 60 to 68th/s.
If today is not profitable to mine you can also hold these units until the price of Bitcoin gradually rises again.

So the best time to buy miners is when the price of their units drops a lot or is very cheap just like the units from Canaan.

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November 06, 2022, 12:55:54 AM
 #7

The price of miners these are pretty cheap from Bitmain and Canaan units. Why would you wait or predict the exact time to buy miners? Today is the best time to buy units from Canaan 1126 pro is around 400 to 500 which is cheap for 60 to 68th/s.
If today is not profitable to mine you can also hold these units until the price of Bitcoin gradually rises again.

So the best time to buy miners is when the price of their units drops a lot or is very cheap just like the units from Canaan.

yeah dca calls for buying miners now.

even sit on some hoping for a solid uptick.

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November 06, 2022, 06:11:22 PM
 #8

Crypto Winter is just the coolling down of the Hype Phases Crypto loves to go thru.
For me BTC is just there where it should be, still ist too old and LTC is way faster. No rewards to give out. 

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