Buy below the cost of mining—more cost-effective than dollar-cost averaging (DCA)?

Sometimes simple signals are more effective than complex strategies.

The chart shows the Bitcoin mining cost model published by Capriole:

Red area—actual production cost price
Bottom green indicator—miner profits are negative (or close to loss)

What do we see?

Whenever Bitcoin trading price is below the mining cost:
• Miners are in a loss state
• The market is in a capitulation phase
• Risk is minimal, potential returns are maximized

Historical data shows that buying at these points even outperforms dollar-cost averaging (DCA) strategies.

This is Bitcoin’s “built-in bottom”—as long as mining remains profitable, it won’t go to zero.
And when the price drops below this red line, you’re not just investing—you’re pulling assets back from deep undervaluation.