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You need to look at percentage gains from the bottom in a bull market. mara went from 3 dollars to 34 dollars in a year. something has to give even in a bull market . people just end up with insane high average and then when the shares drop they end up fed up. if you have been around here for a year your averagr in mara should be no more than 7 dollars so you can handle the drops and still be in profit. the rest is just waiting for it and the top of tops.
Very rare i give a tip outside of mining but i have to share you this one as it sounds great. and i do not give tips that go down 80 percent in a day. so this is rare for me. but the timing seems spot on. if you have spare cash get into seed innovations. up currently 23 percent today. cash position is larger than current market cap. special dividend coming on the 13th may but you need to be a shareholder before 26th april. very low risk at current market cap, share price should do well this year from her as company ready to spend millions of liquid money and special dividend on top of that. no more posts on this as i just thought to share the news with a few on here.
Iam in Mara at 22 dollars I will sit tight untill I get my money back hopefully, in recent bull runs miners have always done very well , but to me I think investors look at miners differently now , every time btc goes up the miners used to run alongside pretty much , why don’t they now ?, imo every time miners start to go on a run alongside btc what do they all do and say , we need bigger units we need more machines we need this and we need that , Mara for instance never sold or used money in the bank of which they have millions , no they dilute so as soon as the sp starts to move , there all the same , so the sp never gets going and stalls it doesn’t matter what btc price is , and they all do it over and over again , investors look at it and think not for me , mara shareholders don’t even know how many of the shares allocated to b sold have been and what price , and when they are sold when is the next dilution coming they seem to just
Plz themselves, yes we
Could b a trillion dollar company, but we will have millions of millions of shares in play a complete waste of time for share holders , they say the ETFs have been a game changer , yes the btc price has risen quickly because of the inflows , but remember if it changes and inflows becomes outflows it will fall at the same speed which is what has started to happen, iam in Mara now but even at 80btc I don’t think it will change much untill we get news on the share sell off , have the miners pushed it to far , is micro strategies a better way to b involved in btc ? my rant against miners finished what do you all think
That's true but whether or not it's 45%, 40% or 35% revenues are going to fall and Argo are not in a position to manage that what with having sub £10m cash/cash equ. and £45m debt, no remaining saleable assets and a fleet of machines that will start to flag.
Argo can only be sustained if BTC obliterates that reward/difficulty relationship so much so that they are able to generate cash rather than burn it - possible but unlikely and it would only be short-lived as difficulty would then start rising again and Argo can't grow themselves.
I think bitcoin difficulty could reduce with the halving so even though the reward halfs, could leave an opportunity for ARGO to mine more blocks so I wouldn't say it'll completely half the revenue of Argo
Argo's huge 26 bitcoin holding is going to more than make up for a halving in revenue, sure!
Https://www.dlnews.com/articles/markets/how-miners-think-the-bitcoin-halving-will-play-out/
You win the internet
Poobably has something to do with Bitmain and its March update. Mara cannot run its firmware on Bitmain machines, further news to come.....
https://twitter.com/MarathonDH/status/1779968182482284937
Looks like it
It looks like summer 2023 all over again. the lads on here that went through that, stuck to there guns ended up getting the t- shirt and came out the other end smelling of roses. so i will take a stab to try to stop the worry. so between 50 percent to 70 percent down from previous high and more likely the latter. that leaves a 14 dollars/ 15 dollars botton for mara. then a gradual move up only spotted by intraday movements at first. in a few months or less a new high reached of around 48 dollars depending on move of bitcoin etc. then rise and repeat until all time high but all depends on how fast bitcoin rises[ parabolic rise]. so wait for it. this market will not work to your timescale. but it does not matter as long as you do not sell at the wrong time. just my opinion but hope it helps with the worry.
Any input on mara and the daily drops...is there a bottom?
I know folks and this will be my last post on the subject. but i do like a bit fun with the poorinvester dude. his stalking of me, his lies and fibs, his gambling rather than investing, his bearing grudges and his big losses chasing a dream. but he does like to be on the titanic alot.
That share will be going under and taking all the poorinvesters with it. you are a dipstick. you should change your name to poorgambler. because you are a gambler who will come a cropper on a regular basis. and that has already happened to you over the past year.
Seems that you told me and everyone else on here you bought it does seem strange that you have not made a post on selling even on the hzm board . i mean you could just say anything after the big drop today. if you are married for mrs poorinvester it must be painful for her both ways. being still married to you and being a very poorinvester. give my regards to her for all the suffering she must be going through.
Dagenham, thank you for your concern. I sold a few days after buying with around 50 percent profits. I only could buy 3 grands worth as all my money is stuck in miners.
I will be buying back in, once I get a chance for another punt. I love a good punt. That share will eventually go under most likely but I’ll try riding the waves whilst I can.
How is unemployment benefits these days? Did you get divorced for losing your job or was it for being a bell?
I suspect it was for being bell! :-)
And poorinvester did tell me that he bought in hzm. that is before anyone says i am not nice to him. however seems that i am a nice guy i will give some leeway. when he bought it did move up a bit. so if he sold he would of made a bit. but looks as if he did not sell. but that is what happens when you hang to bankrupt stocks. i hope he sold. no one likes to see 78 percent down days but if you never learn that is the outcome.
Poorinvester. hzm. down 78 percent today. another great tip you made. lol. i take it your still in as you have not said you sold. another certificate to pin up on your wall. the wall must have cine, iog, hzm and a certificate for the numpty who said clean spark was a terrible idea to buy at 2 dollars. and whatever else.
HK ETF approved - new source of demand could be with us as soon as a couple of weeks from now. Let's hope the Middle East settles down a bit.
Only another 116 years of BTC mining to go. This 10% remaining to be mined will more than likely be minted at far more value than the original 90% currently.
Were we all too early x;)
GLA could be a proper FUD week. Zoom out, enjoy life and win x
You’re forgetting that over 90% has already been mined.
Simples
Spitfire - I was just trying to find a kinder way of saying 'just because you are stupid doesn't mean that everybody is'. Guess I wasted my time.
I'm just tired of the many like you on these boards who have nothing to add to the debate but instead just use it as a place simply to vent their own anger and frustration on to other people. I suppose the simple answer is to use the filter button so that's exactly what I'll do in your case whilst you continue to howl at the moon. Cheerio.
Spitfire the issue is that BTC could go on a bull run but Argo could still go bankrupt, being on BTC itself is safer and more likely to give you a return. Argo overvalued at this point if you compare to similar peers.
When BTC hit its all time high of $69k in November 2021 Argo was producing 180 coins a month and had cash/cash equivalents of £93m and debt ~£30m.
In the 30 months since all saleable assets have gone, including the flagship Helios facility and from May onwards (inc fees equ.) Argo will likely be producing around 60 coins a month at, as of now, a lower BTC price than the comparator Nov '21. The cash position will be sub £10m and debt £45m.
These are facts, not guesswork.