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Theeeduke. credit where credit is due on your tip of kr1 a while back. well done bud. not enough credit is given on chat boards when it involves good stuff and surviving in this market. yep. i agree. kr1 looks great. if it gets over 65p all systems go. and it is lower risk than the miners but with bags of potential. i will be looking at adding myself at some point. i see terawulf just had to drop below 1 dollar today. they are fishing for them stop losses under 1 dollar on that one. it is like take it up a bit and then drop it to a new low. anyone with stop losses on in this market will be take out of the game. period. that is why i say get rid of them stop losses. the way the miners are acting you would think bitcoin is at 20 thousand dollars not around 35 thousand dollars. they will not stop until at least 80 percent of retail investers are take out. they must not be there yet.
A few KR1 haters on here and few that are in it - Definitely outperforming the miners of late, something I think will continue . Just wish I`d stuck to my guns and ploughed more in there instead of Mara . .. lol
and stick with a strong system that gives you profits even on a big pullback with holding and saying **** it. example is clean spark buying at 2p and mara at 5/6 dollars back early on this year. just take a look at this. you would not be on losses. infact still on profits. then hold with some trading on the way with other buys. you are unlikely to fail as money makes money and holding from early on rather than getting carried away buying on big spikes. basically your still on profits even after drops like 50 percent or more which happens with the miners. clear thinking is what it takes and always have some powder dry. in a parabolic move you can then use your powder dry money if you so wish. keep it real at all times in my opinion.
I see they at it again with the miners. in my opinion as long as you stick with it and keep some powder dry you will be ok. good hedge stocks with loads of potential like kr1 and seed are worth having as they are investment vehicles and provide less risk but potential big gains in the next 20 months. you need to say to yourself. i am going nowhere. your not getting rid of me and if the top is in 2o months[ say may 2025] i will be still here ready to sell up. then you can have my shares at alot higher prices for example. knowing what you are doing is the trick here. get rid of stop losses. they will take you out. all in my opinion and that is how i am going to play it. yep. it is dreadful the way the miners are acting and frustrating but stick with the plan. they can only get you if you panic sell at the wrong price and give up altogether.
Workaround is u can short index future and rebuy all shares except the ones u wanna short, more commission but gets round the short bans. Im just very surprised Kim Joo said the naked selling by Global institutions ie GS JPM et al out loud! he wants to be tweeting if he dies it isnt suicide.
Good spot, they're way up YTD too, in a rational market this would be more reflected in miner SPs. As the busier the network the better it is for us, the higher demand that comes with these bullish phases are an effective positive feedback loop.
Nice fees coming in just now - wonder if they will stay elevated into the halving:
https://explorer.btc.com/btc/blocks
They appear to already be operational alongside Caterpillar in Utah USA. If you look you can see in their X page there’s quite a few posts of ongoing and operational sites. Really interesting stuff.
They’re saying it’s scalable and going well with more to say in the coming weeks, even if it is working well I’m suspicious of the initial outlay required..?
Have mixed feelings about this. Ideal imo is a free market where people can trade in whichever direction they like, also shorts aid price discovery, root out frauds and boost the volatility that makes trading. On the other hand if this is the thing that would finally make Mara and co go up absolutely bring it on!
Https://www.zerohedge.com/markets/south-korean-stocks-soar-after-country-inexplicably-bans-short-selling-until-june-2024
Please ban mara short sales until June 2024 x;)
That would be a game changer, I remember in 2008 GFC they were banning short sales on certain stocks.You can never say never anymore.
GLA
Yeh thanks for linking me on that. These ideas are always very interesting, I've seen firms try to do this for over 20 years.....I'm still waiting for Texas to draw energy from gas flaring, theyve talked about it for eons.....so like any new tech, It has more questions than answers for me. A lot of hot air has come out of landfill sites but i'm yet to see a mob do it on a scale of viability....lots of grants and concessions and then the hot air moves on to another way.
And this is all in its pilot stage. And I believe they would be feeding in to the grid and that would be its primary focus.......so btc mining may actually be very minimal from sites and obviously the costs ?
The nodal response has been interesting, hoping to learn more.
I reckon Mara diluted from the ATM for that extra cash, over 50 mill extra month on month in the balance. 571 BTC on a hedge at this stage in its cycle......... dilutions killing the goose imo. Lots of weird decisions going down on mara and the SP action is reflecting that.
Mara execs becoming BTC bears months before the halving definitely one i didnt expect to counter. I hope it makes sense soon !
You cant take sentiment and dilution for granted and certainly feels like, they taking the P a bit.
That's largely due to the increase in BTC price, 25% month on month and the mcap has already increased by more than that $150m.
The miners with a balance of cash, HODL, hash rate and modest debt are perfectly placed to come out winners long term though.
Mara october numbers pretty impressive. 1202 BTC, cash & equivalents increased by 150 $ mil from Sept., now at 620 $ mil.
Sold out of mara when the new ATM was announced. Just got clsk and some s&p options. If clsk goes on a run I'll maybe swap funds around again but for the moment will stick with them.
No MisterBeck Corz have the best chance of shooting up as due out of bankruptcy anytime now
Tbf i've been mentioning cifr for months, nobody ever agreed with that bullishness at the time lol. They went out on a bit of a limb with those canaan rigs but they're now proving themselves. Do like the company slotted in as part of a miner portfolio, with caveat imo that it's such a new entrant at this scale still slightly unproven on a longer timeframe, as well as extremely volatile - then again for that part ultimately I reckon that's what we're all here for.
Dags yes was following CIFR the last 2 weeks after a tip off and watched it going from strength to strength. Took a small position here a few days back. Structurally a very bullish miner and seems but seems to be flavour of the month (or week), and we have seen how quickly sentiment can change between the miners which seem to be behaving as erratically as their chief executives who keep throwing unexpected spanners in the works. Still think CLSK and possibly Wulf have the greatest upside from here + I diverted many funds back to safe and steady Riot a few weeks which I wish I had never forsaken for Mara 2 months earlier. The shorters have got stuck into Mara now and we've seen how they can decimate a stock when they get their teeth into them and won't let go.
Misterbeck. interesting that CIFR bucked the trend in last 2 weeks.
yep. the right side of a secter bull market. they all go up and nothing is based on fundamentals . all we need to do is get out as near to the top as possible. getting out too early and you will be moaning even after making some money and getting out a few days/ weeks after top is reached your profits will be hit badly. better to get it right as these things are rare and your waiting for years for another shot at the title. we know what could be coming. so ******* it all up should not be on the agenda.
I think we're all on same page here, to ditch these miners like a hot potato once btc gets irrationally exuberant enough, in meantime management missteps almost seems like a crypto cv requirement at this point.
'CIFR having a strong week (and last week). Which is nice.'
I think quite a few shorts have closed on CIFR MB, it's had a pretty nice gradual move last 2 weeks but miners getting ragged again on this small drop this afternoon.
Lol CLKSBull Freds definitely close to getting a tune from me but you comparing Argo to Mara is what got you in all this trouble in the first place x;) Ive always held the belief that Mara is numero uno or numero dos when the bull run goes off proper and like you, when it does, I'll be out.
Im guessing you still hold Mara ? I'll be interested in CLSK issued share count for next earnings report, might start switching some funds over to them if its around the same as August Issued share count.
The only positive spin I can put on it is that it certainly protects Mara to the downside and will arguably make little difference in a 2021-esque mad bull rally. So if a bull run never comes or it's more disappointing than everyone hopes (think something like 90k peak and going into 2025 at ~50K) then Mara is still there alongside only three or four others from the current crop and having probably doubled market share to make up for the halving of rewards.
And if there's a bull market expect the doors to be blown off and all common sense to go out of the window and so they'll pull off significant and impressive financing once again what with a clean balance sheet and a massive market cap of $5B+
maybe that's Fred's thinking?