Autumn turned out to be a downward trend for the entire market. The downward movement followed the exit from the flat, as a result of which we touched the area of $7300 But there are a number of decorrelate. I suggest you think a little about the question.

In the spring of 2019, the wholesale cost of equipment was at the level of 25-35 thousand rubles. when purchasing from 50 pcs. Let's call this value the variable "A". At the same time, the price of the First crypto currency was in the range of $4500-5500. Let's call it the value of the variable "B".
What we have for mid-November 2019.
A = 25-35 thousand rubles when purchasing from 50 pcs. At the same time, the price of the first cryptocurrency-B, is at the level of $9,000 (with the peak value for this period A = 65-75 thousand rubles .B = $14,000).

What could that mean?

There is an opinion that the machines from the S17-T17 line will become the most liquid in terms of investment in mining after halving, when it becomes more expensive to mine a block. Their high power should play a role in this. How it will actually be remains to be seen. Perhaps discorrelation is the so-called "last purchase". Judge for yourself, when the price of Bitcoin rose from $4k to $14k and corrected up to $7.3 to, and then in 24 hours again returned to $10.3 to (on good volumes), we saw a specific reaction to the level.

It is not possible to push the price lower(at least now), and the hamsters who bought again at $ 14k (the same enthusiasts who are slowly returning to the market) were recently shaved in 2 ways. We can see that trading volumes have been falling steadily since June 26 until October 8. Then the jump on October 25 broke the falling trend. Now the average trading volumes are higher than the average values they have taken since the beginning of the year, and are increasing, which may mean that there is still interest in the market.

UPDATE 17.12.2019:

The price dropped lower. At the moment, the variable B = $7000.
The price dropped lower and lower, we saw drawdowns up to $6800, however, the volumes for buying continue to increase. The scenario has not changed globally, despite minor price changes in favor of a fading trend.

Thus, interest in the currency remains, while interest in secondary products decreases. At the same time, the payback of mining as an investment activity tool has increased by about 1.5 – 1.8 times (if we are talking about models of the outgoing generation, such as the S9) compared to the spring of 2019.

ASIC miners in this case. On the one hand, the statement about the secondary nature of miners may sound controversial, but if you think about it, the idea of Bitcoin was in distributed participation in the life of the network. It was assumed that the owners of the nodes would be ordinary citizens, and not mining farms. Thus, we have a unique combination of the cheapness of the device and the actual payback of the project over the past 1.5 years. That is, a springboard for attracting a hamster to mining and the crypto market is built.

There is another point of view. It is possible(and this is not a groundless point of view, just when we talk about it, we mean the fact that mining is more primary than Bitcoin itself) that the movements in the cost of Bitcoin mining equipment can precede the movements of quotations on exchanges. Then this is a negative bell. Then, it may mean that we are going back to the $4k area.

How events will unfold, we will see in the near future. And now we all have the opportunity to purchase ASIC miners at a discount of around 35% of their peak cost and get a payback of 1.8 times more than it was six months ago.

At BitMine, we consider the assumption of preparing a springboard for the entry of a private investor to be a priority. This is indicated by many factors, the main ones we have already discussed.