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And then there is what can only be known as laurel and hardy investment on here. you know guys. the lads who said do not buy clean spark. and laurel and hardy were funny. these guys are not even funny.
The best miner to buy 12 months ago was clean spark. the best miner to buy 6 months was clean spark. the best miner to buy in early january 2024 was , you guessed it clean spark. an absolute run away winner in all timescales. who is the daddy.
Cifr wins miner roulette today, not celebrating too much as it's lagged forever but pump maybe encouraging for sector, particularly not being based on any real news. Lot of mispricing opportunities at the moment.
Yeah can't buy them all.
BitDigital I will monitor. Don't want to spread things too thin.
The crypto/blockchain market certainly is sentiment driven, and there's a lot of FUD about the halving, which I'm certain is a big driver on them currently being oversold. hence one of the reasons I'm waiting until after the event has actually occurred to re-accumulate mining stocks.
I've moved some from MSTR into CIFR earlier around 3.9 following @BTCStocksInvest write up on Twitter.
Turbo booster seems to have momentarily left MSTR for now. Seems alot of FUD trying to stick about Saylor selling and how overvalued it is etc which is BS but we all know how powerful sentiment is, so I'm diving back into miners for now.
WULF I am waiting for ER tomorrow and there seems to be a ? around April warrants but I've not been able to find anything.
All good bets. BTBT (Bit Digital) has an mcap near it's HODL+Cash value. Annual results out tonight - well undervalued. Should book a decent profit for the year. Whether market reacts though is anyone's guess.
MicroStrategy will be at ATHs when Bitcoin hits $100K so I’m holding. The better miners will come good too, as we all expect.
MARA, CLSK, BITF, IREN & WULF being the key players in my humble opinion. Stocking these up hard post-halving.
Not evil, just not very good at the job.
Nothing ever immediate with Mara lol.
Feels some money coming back from MSTR into the miners the last couple of trading days.
Corz did brilliantly 404 made me a lot of money
Yes sentiment certainly shifting now to the better miners, you could see it unfolding as the market opened. A weekend where bitcoin price will have spooked some and you could see MSTR suddenly looked like it had run too far too soon whilst MARA and CLSK far less affected and seemingly undervalued. Then the expected slight turn in BTC and the miners leave MSTR for dust.
I've kept a token position in MSTR and am now heavily weighted towards the miners for the short term at least.
Exciting times.
GLA
Last two trading days there has been a subtle shift in miner prices, not just that've not gone down dramatically (although that's novel), but more btc upside correlating again, maybe signal bad news largely baked in? Once market trusts a trend reversal is in motion I do expect a fast rerate, some of them have lot of catching up to do.
How many billions has Mara raised the last few years and what have they done with it?
A lot less than its MCAP and not many miners can say that. Keep trading it keep hating it keep banking it x;)
Evil Fred, Evil MARA. x;)
They keep totting the billions up and they remain the beast in waiting. Yesterday is history, its where you end up that counts and 41 eh is paid for....another 200mw shed for its portfolio, whats that now 600 700 mw is owned sheds? and the efficiencies from these sites will upon ownership be immediate. 20- 30 % per shed?
Now surely $18.36 is from today this years bottom ? Surely !
Well long term view aside - its still amazing to watch this short term action - bitcoin, MSTR and all the miners dump as one - even with Nasdaq and S&P500 ripping. Just when you think you understand - you are reminded that you dont.
Tentatively yes - will know over the next week I guess.
Btw check out the pool, 3 in last hr - that could be lucky streak, but even still 7 in last 24 hours is best we've seen in a while. Suggests close to firing back on all cylinders.
Shareholders are seen as an inconvenience I'm sure of it.
Fred talks a very convincing game but have to wonder how committed he shareholder value. Dilution my main gripe but then that's this faustian pact with miners we all face to one degree or another. It could be done more sensibly but ultimately I've come to terms with it being necessary for expansion. As we know without expansion market would punish even more (argo).
Haha - yeah I just get tired of hearing how great Mara are when they clearly aren't. How temporary are these operational problems as that's two months now? Is Fred actually the best person for the job as he completely misread the cycle? Was the applied digital purchase a good buy if they needed Mara to supply credit to keep running?
Don't worry, I'm done with tribalism - I'll invest in pretty much any miner I see upside in but I tend to shy away from some of the redder flags. Mara is undervalued but these things put me off. However I think they'll get a short squeeze at some point so a well timed trade would do well.
Yeah bullish on Bitcoin for 2024 myself.. but later in the year. Still sticking to my view that Bitcoin and the miners will pull back immediately post-halving - lower than current levels.
Blimey CLSKBull really came out swinging against Mara. Valid on operational problems and I do have some concern around inconsistency of messaging. In Jan it was weather related, fair enough but now it's Spring. Ellendale site given as main reason now, but if that was "nearly back to full strength" on March 5th we should be seeing better numbers this month. They could actually learn a few things from Corz's consistency here, how they manage scale despite challenge of running older hardware overall.
All a bit unfortunate timing down to last month of this block reward, it's going to be a rough quarter - but keep in mind these issues are short term. Before January they've outperformed for a long time and no reason to think that won't happen again. The other stuff I have less of an issue with. Personnel a non-issue, seems they're retaining Applied staff for latest site, and can hire anyone they need. Hedging a bit annoying as we said at time but small fry really.
Dilution always a pain but hopium here is once they've bought enough sites and are more self-sufficient, they'll surely pause. When all sites 100% again and assuming btc does its thing they will have far less need.
For me it comes down to price, I don't see it as a binary choice between miners. I like CLSK and hold it but they are priced for perfection, Mara represents better value to me at these prices so I hold more.
Bitcoin does not have to double in price to get to 100 thousand by the time the halving comes. so it could get there or not far off in a month. i mean 80 thousand or 90 thousand will do in anycase in a month. so it is just a figure but it will get there in a month or whatever. it is always waiting in this game and in a bull market.
Growth, ETFs are the driver of this cycle, and ETFs are still taking net inflows, so all is good just now - if that changed I'd be more worried. It is important to remember that most the bitcoin is held outside of ETFs though - so if other players want to move the price around they can. The 100 before halving is looking less likely now, but hopefully by the end of the week we are in a better place than the start of the week.