Member Info for CaneToad

That sounds like a day-trading strategy, extended to a longer time frame, except that the losses are uncapped... On average, it sounds like a strategy with negative expected profits.

I'm surprised by the recent activity, but it's welcome and I've held on from being heavily underwater to now being approaching level again. Unless the company fundamentals have worsened, I tend to hold and eventually average-down, but everybody is free to choose their own strategy!

Good luck.

@G_G_G: "...China... recession... Copper is a commodity that won't fare well in this scenario. AIMHO"

I think copper demand is going to be strong in the medium-long term, but it's anybody's guess what will happen if China slows down. My guess is that the copper demand wil crater. That's why I won't be adding significantly to my RMM holding just because funding comes through. I'd need to see serious progress on the mine plan first.

I'm going to get hammered for saying it, because people here don't want to hear it, but I wonder if RMM could be profitable just with the ore sorter, if copper was to fall back to $3 for a year or two. I suspect they'd need an onsite mill to weather that storm. Low copper prices were the reason for several copper mines being shut in Canada over the past few years and no copper mines that I know of are well regarded by the market at the moment. Not trying to de-ramp, despite the stooges here claiming that, but getting funding to survive is not something that's that amazing to me. Every other copper producer that I've invested in is debt-free, making lots of cash, very cheap and have state-of-the-art, onsite mills...

I'm not going to check back here for a week or so, so any insults will land on deaf ears!

FYI: that was sarcasm. I'm long here. I wish I understood what they were doing. I'm becoming tempted to buy the trade data and study it.

C'mon, we need to be patient here. The shorting gang need to run drive this down so they can make some money and get their bonuses paid. They don't work for nothing you know. There is a buzz across trading London floors, making a killing shorting this.

Trying to get my head around why BTC is so strong, but miners aren't. Do we need to regain the BTC all-time-high in order to see a significant move upwards? Is it the dwindling coins mined, because of the increasing difficulty? RIOT having another bad day, worse than ARB. None of the miners looking great today.

"A £30k purchase from CEO is a rather pathetic gesture IMO!"

Very weak; I hold ~£50k of this myself...

If you're going to buy a fake diamond, why not buy a chunk of glass instead. Of course, you have to accept that your girlfriend might leave you when share finds out...

I really dobt that fake diamonds are a threat here. Maybe at the low-end, e.g. Pandora. I'm not concerned in the least. If people always bought 'cheap' stuff, then Mercedes and BMW would have gone out of business a long time ago!

@Chaebol:

Long story short. If this share dropped 75% tomorrow morning, I'd wait a while for the dust to settle, investigate the reason and then probably buy more if I thought the drop was due flaky PI's. That's trading! I'd be tripling my position under that scenario as I never go into anything at such a large size that such a move isn't possible.

@Chaebol: "Canetoad hut 8 up 21 percent last 5 days. Bitfarms 15 percent, I don’t understand your point ?"

Unless you're incredibly talented or lucky (I'm neither), you're going to be disappointed if you expect to get into a stock at the bottom and ride it up the whole way. I own most of the miners, but RIOT has performed terribly over the past month. It's now my biggest position, along with ARB. I'm ~20% down on both. That's no problem as I'm not a day trader and I'm happy to wait. There's some sought of cycle going on where miners aren't as popular as they were.

As I've always said here. I don't have all my money in 1 miner. While I like ARB and I think it's comparitively cheap, the market does not currently agree with me and maybe my opinion is wrong. Because half of my trading decisions will be wrong, I never put all my eggs into one basket. Hence today and this week has still been OK for me, with BTC and ETH paying out nicely and some mediocre trades in Hut and Bitfarms also crossing the line. FYI: The BTC and ETH trades took 29 days; most of it was boring waiting.

Everbody to their own. My primary interest in miners is to capture outsized moves in BTC. That's not working that great at the moment, but I'll hang in here and whinge and carry on until ARB rockets.

Fireblade: "Mara has gone up over $2 already today, that’s more than our share price on ARBKF, it’s just getting silly now."

Oh come on. Absolute $ moves are irrelevant to everyojne exvept the Yanks. It's meaningless!

Yeah, some miners are out of vogue at the moment.

But it's been an incredible day, seeing BTC so strong while most stocks are so weak.

- Hut 8 and Bitfarms are down
- Riot is hardly up

I think they'll all move once Bitty moves higher. I grew sceptical of the rise myself this morning and took profits on my BTC and ETH. And I also took profits on Bitfarms and Hut 8 earlier in the day.... Everybody is nervous about the NDX/SPX crashing. I can't see how it's not going to happen, because lots of people are convinced it will and that's all it takes!

OK, yeah I agree, the ARB performance has sucked lately. No other way to say it. Yesterday was indeed a good day for most of the other miners. I keep my sanity by not having everything in one basket. It needs an enema.

Yep, disappointing. But none of the miners have risen much today either.

While BTC has been great, there's not been the same appetite for the miners. The market is fickle...

Guys, this is friendless. I agree. Trading volumes have picked up recently though and I think the crypto platform will generate a lot more money than people here realise. I'm already up to my ti*s in TCAP, but will look to add more at the right moment.

Soros now trading BTC. Institutional demand is huge and TCAP are in a great position to capitalise on that.

https://markets.businessinsider.com/news/currencies/soros-fund-management-george-bitcoin-price-cryptocurrency-ceo-adoption-100000-2021-10

Maybe the rise is due to George Soros. A LOT of people are going to follow him in.

https://markets.businessinsider.com/news/currencies/soros-fund-management-george-bitcoin-price-cryptocurrency-ceo-adoption-100000-2021-10

Oh man, BTC is pumping!

@flower: "No ,its cloud game platform coin". OK, got it. I'm a wimp. I just buy BTC and ETH.

Very exciting time. We could see a big rise in BTC and maybe even ARB if BTC breaks through the resistance. Praying for a pullback now to get in again after taking profits this morning...

@flowerpot999: "Do you have a quick view on PKT pls?"

You mean the Canadian real-estate company (never heard of it until I just looked it up)? No view on it. It's not in my universe of interest.

@adv11: "Last chance to buy toady"

I already have a nice little stash of this. Tempted to buy some more, but the wider market is weak, so holding back some dry powder. Serious coal shortage in India and China has to bode well here.