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Hi fellas any thoughts on mara next week....I'm now averaging 18s ....and the barstewards decides to keep dropping!!
Averaging 18s is good from where you started Kpa1 and there must be a lot of upside from there so I reckon with patience you'll be grand.
I got stung at the last ER with my Mara shares so sold in stages on Tuesday after Monday's rise and now hold no crypto shares whatsoever. Not a brag though, I've managed to lose plenty out of sector since! Gonna hold what I've invested in for a while and likely be back in Mara as and when it turns a corner.
GLA
Bitcoin is in a choppy period at the moment, hopefully at some point it will run and then all the miners will start going up again. Miners really need bitcoin a bit higher as current conditions are challenging.
It is a hard game if you make it harder on yourself. mara timeline fits in with mara timeline and bitcoin. not anyone on here. so if your timeline is short and you keep getting your timing wrong the game will be harder.
Clean spark is the daddy anyway. like the last 10 months it made the biggest percentage gains it will probalby make the biggest percentage over the next 10 months or to the top.
It is worth noting in the past a couple of times when bitcoin has moved the miners have not gone up straightaway due to manipulation .then take off. frustrating as it is patience is always needed.
What's the assumption here? That difficulty is going to retrace considerably unless BTC starts rising?
It's amazing to think that the first time BTC broke $60k in March 2021 global hash was barely a quarter of what it is today, with double the rewards for minting one bitcoin so in other words, at $60k today vs $60k n March 2021 revenue being generated for miners is about 1/7th of what it was (adding a bit more back in for fees).
That's really bad and shows that you need seven times the hash to be generating the same revenues as $60k in March 2021.
It's an exaggeration as BTC didn't come close to averaging $60k in March 2021 but it still shows just how much mining power is now needed to generate the same revenue as the highs of 2021 - I'm surprised hash isn't falling considerably already but I guess give it another month or too and it'll probably gather pace, bitcoin being equal.
Yes although miners were all minimum 30+ J/T with the 17 series around 45 J/T. With new miners at 15 J/T there's a factor of 2 or 3 on the positive side.
But overall definitely harder conditions now.
Wednesday is a pivotal day with inflation stats - if they come in low could spark the next run and allow us to forget about fundamentals for a bit.
Good point re efficient machines but this only really applies to entities with cash that have been able to renew their fleet in recent years with the most high tech rigs despite the downturn and now halving.
For the likes of Argo and I suspect the majority of artisanal miners? this won’t apply.
Yes Argo are around 30 J/T I think so it doesn't apply to them and they can't renew their machines and it's unlikely they'll renew the the hosting agreement.
I like facts. not fairytales. and the facts make grim reading apart from one miner. clean spark was the best performing traded miner in 2023. in 2024 clean spark is the only miner in profit since january 1st. up about 40 percent. all other miners are down this year so far. without doubt there is only one game in town and that is clean spark. the difference between sparky and the rest is fact. not fairytale. not hope. facts are facts. mind you we are supposed to be still in a bull market. so if you are down your in the wrong miner which is all of them apart clean spark. and well done to clean spark management.
Dags , I politely disagree with your view regarding clsk as the cream of miners, it’s being pumped and has been for some time. It’s the reason I sold my investment in them. Next comes the dump and hopefully the wise dumpers place their fund into the real cream of miners obvious to the astute investors which is Mara IMO
The eeal professionals pull out when stock goes down and invests in good quality funds with profits
Roaring Kitty is back in town if you were around in late 2020 early 2021 this is what kicked it all off..........funny its going on again. Im tempted to get some AMC again x;)
GLA
Inflation figures tomorrow - if they come in low the markets could get moving - combined with Roaring Kitty could we finally get the bull run? Imagine one month of up only....
“I’m not a Cat”
Come on you…. Nah fook that ;)
I reckon you are a Tottenham fan tonight x;)
I bought Gamestop yesterday for the first time ever at $28 but risk averse me sold it before close at $32 for a £300 profit.
It's opening at $73 as things stand !
Haha - I thought about it but didn't enter a trade - even though I knew it was going to run above $30.
Shows there is cash out there. They'll issue an ATM no doubt and that will kill it.
Wouldn’t quite go that far but I will be taking half an interest in you’re teams game tonight, I’m fully expecting the full Tottenham fans experience though ie it ending in defeat ;)
Hope you are well !
Gotta love a bit of GmE action, Not sure it’s much fun being the one left holding at the top mind, It has its own little crypto cycle boom bust and wait ages for the next cycle/roaring kitten meme ;) The 2 year cycle.
Going for it against City, its the Ange way mate x;) What could go wrong lol then we have that history of spurs doing alrite against City at home. its always the hope that gets you ! ill be cheering on City i think the whole ground will be.
Got some AMC just in case this goes mad! all roaring kitty has gotta do is say I like the stock and GME is gonna moon and AMC always follows. How investing has become this absurd i have no idea but something obviously going on the background.....let me guess no one covered? lol
Chaebol, gme is raising probably cause of SONYs new push of PSN acc. Sony shares dropped a bit.
Can't give you more info as I don't care.
Put helldiver, Sony, PSN in Google :)