The Importance of Hedging in a Bear Market

I still think regardless of your position, you need to have some sort of hedging strategy. And it needs to be dynamic too, right? Like you change up your hedging strategy in a bull run and a bear in a bear market. It should never be a static strategy. I mean, that's a great point. Miners, especially now, and at post having are going to be super sensitive to energy prices. A move from five cents to eight cents could be catastrophic for you. So if you're at level of profitability and hash price, and you're worried about variability in your electricity, you absolutely should be hedging. But that's not the case for most people.