This is true, but only in the short term. When prices go up, mining becomes very profitable. Given a little time (measured in hour/days/weeks or a couple month

This is true, but only in the short term. When prices go up, mining becomes very profitable. Given a little time (measured in hour/days/weeks or a couple months at most) people build out mining operations, and the mining returns adjust to the previous baseline. When prices go down, it's largely the same in reverse. All that is to say: if one were to build out mining operations in expectation of a future increase in coin price, be forewarned that your market advantage will be short-lived and will only last as long as it takes others to fill in the gap.