Bitdeer the Latest in Buzzsaw (Patreon)

Bitcoin mining companies have often exhibited a pattern of either excess dilution or taking on excessive debt, which I've come to refer to as the "Buzzsaw" approach.

This strategy has been repeatedly employed by miners, and frankly, it's becoming tiresome to observe.However, I'm not planning to hastily exit my minor positions in mining stocks. It's crucial to wait for a significant upturn in Bitcoin's price before making any moves. Historically, when Bitcoin experiences a surge, mining stocks tend to outperform Bitcoin itself.

That will be the opportune moment for me to start rotating out of these positions.It's important to reiterate my golden rule: never allocate more than 5% of a portfolio to mining stocks. I've consistently described mining as a cutthroat business. While we had huge success with CLSK when it was trading in the two-dollar range, the market has been challenging since then.