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Chopsing, agreed. I think halving is making a lot of folks nervous regarding crypto miners. It is obvious loads of them will go under after halving.
Also adding that new war to the mixture, If this war in the Middle East gets bigger and Iran closes the straight across from it, energy prices will go crazy, it will not be worth mining in the western world. Nervous times we are living in.
“Why is CLSK wrecked”
Would you invest in any other business model where you are aware that potentially in 6 months time their revenue could drop by half? Mara paid off a huge chunk of debt early, why did they do that? Are inexperienced investors selling up on miners and placing their money in QBT? after all it may be snake oil they are selling but many give in to the ridiculous ramping that’s going on on on their lse board. Maybe it’s just down to the court case satoshi bolacks but I doubt this.
I think it’s down to investors getting real about miners business models that potentially just don’t make sense . But having said all that I may be completely wrong but I’m still very nervous holding shares in any of them as I’ve been stung before in this sector with any company reliant of Bitcoin value at any given time. Alarm bells are ringing in my house….
Stnx. that must of caught everyone out on clean spark. 12 percent up to end down 4 percent. shocking on one of the best stocks. even in the bear summer clean spark was down 50 percent where other miners were down more showing clean spark strong fundamentals. it may be getting more shorted than the other miners. it was down 9 percent yesterday so something not right but the market for miners is still acting bearish in general.
there is one thing. they will be able to do **** all to you in a parabolic move with bitcoin. and they know it will happen. the fact the best miners are leveraged on bitcoin is a cause of concern to them because if you have survived they know your going to make a killing. so it is that 10 percent win and 90 percent get taken out. you will be in the 10 percent by knowing what you are doing and hanging in through the crap thrown at you .
Why is CLSK wrecked
Apart from mara which is holding up better after the bigger rise and because of the good results the rest have been hit by bitcoin hoitting the technicals high to then pull back. and because we are in this horrible market for the miners they then lose there gains and some end up in the red. of course they know what is coming and they do not want retail investers in. period. and they have the money to keep it going longer . it is what it is short term.
what the ****. just been out and clean spark in the red. what a market. bitcoin pulls back a bit and well you know the story. it still boils down to this. hold the best miners , have good hedge stocks, have some powder dry. that way your not in and out getting caught out on spikes, flash crashes and whatever ls thrown at you. look at it this way. you could do very well by 2025 by knowing about all this and sticking with it all the way through 2024 and some of 2025. most people are not in the game and if they tried over the last few months they would of been wiped out. your not going to get the big gains for nothing. it is like you can have the money but not without pain and not without lookin till the end game in 2025.
All the ETF media feels like a Wyckoff set up to me....
This guy did a decent video and although he could be completely wrong I think it's worth considering that all the hype around Bitcoin ETFs has reached fever pitch and for me there are still concerns about the UK satoshi v COPA court cases which start 15th Jan..
Doctor of Dump & Pump
https://youtu.be/TBGfapcaXbg?si=CdCojRpamrpU4KGM
With all the BTC futures ETF's out there the spot ETFs feels like the perfect story to murder longs imo
Nasty that into the close
My prediction is that we may have be in phase C of Wyckoff...
Phase D and Phase E are brutal to the downside
The lack of USA miner price gains yesterday and today could be a sign that the big money knows what's happening or I could be completely wrong (it wouldn't be the first time lol)
Just sold 50% of my Mara and put in to KR1 ! Lets see how that pans out ! no doubt be wrong move knowing me !
Well done to all who kept the faith here in whatever flavour your US miner. For Mara only 4 more 20% days like this required and we'd smash $20 barrier.
Mara will do 20% today
It’s an incredible day indeed and long may it continue! Bullish all the way
Yeh, looks brilliant.
Whoosh. sit back and enjoy today. lads and ladies. this is some day .
38,000 is on in my opinion.
BTC still very bullish.
GLA
Hexam. if you upset anyone on any chat boards with the truth or anything free speech goes out the window. your posts will go missing in action. lol. free speech is only free speech until you upset the applecart. usually with a truth post.
Block fees now over 1. Great for Mara and CLSK.
https://explorer.btc.com/btc/blocks
Hexam. you may get your break even price on arb but only if it goes over 20p in a bull run that has a few days/ weeks from there. 37p could be hit. in the meantime first thing first. 17p/ 18p from here in a nice run before xmas. arb is a trading stock. clean spark and mara are holding stocks till 2025 and trading stocks. that is the difference in my opinion.
Nice rise again.
When FOMO for US miners? 🤞
The guy who founded Argo blockchain moved on to list another company on the London market called NFT investments but from what I can understand it doesn't actually invest in non fungible tokens but it does have significant holdings in Bitcoin and some other coins. Worth a look as its trading a large discount to the asset value.
Thanks Chae - will lead to even bumpier results but is better I think than the current situation where all price falls are recognised immediately but gains are only recognised when you sell.
Hexam, Those accounting changes regarding HODL are to be implemented for the US miners from 2024/25.