The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Volume has never been higher....... so i dont think it's a case of investor halving sentiment.
Dilution from the ATM must be a huge factor they can issue up to 500 million shares in total, busy going through them and if they are up to 320-350 million shares issued now thats still a 6.4-7.0 billion mcap. Which is still very close to ATH's
The options, margins and dark pools must be impacting Mara too, I took a big loss on margin last week chasing it from 23.50 as all the indicators 'showed' it was poised to bounce, must be some huge money interests manipulating mara and the miners in general during this current cycle.
I won't be playing margin for a bit x;) but i am adding long mara shares at these prices, BTC has some considerable runway to go and 140k plus within the next few months wouldnt surprise me..... that 6 billion mcap could flip quick and spike to 14-18-20 billion plus.
MSTR beta on btc has been superb during its rise from 40 to 70k and is winning a lot of accolades. I look forward to BETA days for Mara and the miners, cos they're coming.
GLA
And then when they introduced the new FASB ruling to value btc on its balance sheet, I thought we would have seen huge inflows from American Companies. Looks like they will be later than the herd in the end.
If Mara had put the convertible debt repayment into BTC when it paid part of that note early, it would now have the entire funds for the debt repayment and if they understood the cycle they would have been accumulating for this bull run like we all have.
What’s done is done, no point looking back now. BTC is in brand new territory right now and lots of things to look forward too.
Fook Argo and pw! Take what you know and start benefiting from it….we are still so early in the cycle !
GLA
After those latest job figures CLSKBull where they said 1.2 illegal immigrants have found work, Im expecting cooked figures from the inflation report. I'm sure that will be amended down the line as it all keeps being amended.
Dems have a election to win they have to at least pretend that its all coming down.
Mara 27 bucks at 58k
Mara 20 bucks at 72k
BTC goes up mara flops. I reckon now is the time to be greedy and brave, I will buy more.
GLA x
The top 3 miners lost well over a billion in mcap value yesterday whilst BTC smashed 72k.
Disturbs the hell out of me tbf....... the ones that can, must be rinsing the atm or some form of regulatory change is coming in North America. IMO you just don't lose this type of value without something going on major in the background. The outages at Mara have gone on for quite some time and been quite vague.
This price to 20 bucks could mean mara are up to 320 million shares issued. They have definitely hit it hard imo all this cash and BTC..........will they buy miners peak bull, most did it with machines at one point....the only good i sense out of this, just like peak greed, I'm at peak fear and that usually gives a reversal.
Hoping for a better day or its a long walk with the dogs x;)
GLA
Lol don't x;|)
Today should have been rocket ships, instead another kick below the belt. It's worrying that BTC keeps mooning but the miners don't. The trigger price has to come sooner or later and send these miners on high gains or does dilution continually suppress it. Not a nice day!
I'd chill GI. When i see posters post losses, people seem to rally round and offer support and if you post profits you get peoples scorn.
I am always happy hearing from long term posters who are recording good profits especially after 2022 in this space and apart from 1 or 2 posters that do not post here anymore im sad when people lose money.
So i say fair play bowlers you had to go down a long windy road to get to that point and now 140k is REAL money to anyone.
Congratulations ! Bowlers......whens that cruise ? x;)
An unnamed miner with $350-400m of machines bought this year but nowhere to put them. “That is not uncommon” apparently.
When MARA did this it was set up as the next disaster that would bankrupt MARA but when CLSK and RIOT do it 'That is not uncommon' x;)
CLSK had 15-25000 XP's in boxes for four months with 99.9% uptime x;) and I'd say RIOT are the main guilty party to this 350-400 million of machines with nowhere to go.
Is Rockdale and riot's data centres ruining the machines ? and is that the reason RIOT have lot of reluctance to plug them in ? some very strange goings on but like the article said it doesnt matter its not uncommon lol
Good point CLSKBull, very bad trades can become very good trades in a bull cycle and a worthy reminder that being underwater in a crypto bull cycle can change very quick and imo isnt worth worrying about unless you hold argo x;)
Keep the faith Kpa1 those 27 buck MARA shares will look a great trade soon imho.
GLA
Lol CLSKBull, you do forget about them, it's mental.
Since the ETF's launched MARA volume has nearly trebled some days but always well above double. That tells me naked shorting, margin plays and options are being gamed out on a large scale and very difficult to hodl through. The swings are just too strong.
Self sabotaging definitely agree with.........probably got through that 1.5 billion ATM and another 420 million in bonus shares, and at very low prices! quite unforgivable......... However, this cycle will still be good for us and then who knows may be a big short coming 2025! I believe we will have a fake strong stock market right up to the US election and then the big crash comes !
Leepot that 180 ish to 120 was hard and fast, i think it was dilution that did it or insiders selling. It's climbed back quick and its still way undervalued imo. I cant imagine the figures being way out in Feb from Jan figures, so this could be a quick climb to 3 bucks and then its still only 50 million mcap ! I am getting interested in these inferior miner plays, btdr always been on my radar but never invested. ill take a look.
Yes Jimiimi thats the one ! definitely one of my favourite calculated gambles this year.
I am the Mara Man here i guess x;) thats my go to, but i trade and play margin with it, the swings in miners presents far too many opportunities just to hold blind imo and it's a lot more fun x;) I do expect MARA to get quite a lot of love after the halving.
MIGI run up well last 2 days for me, still see bags of gains on that one and if youre patient GST could be the almighty winner this year, a real potential 30 50 100x bagger imo.
Definitely exciting times to be involved in this space and a very high probability of making large gains in this cycle.
GL
Yeh some great bargains and wins last couple of days. Maybe should have been a bit braver but this is the game we are in.
BTC looks prime for a breakout would not surprise me to see 70 odd K very soon, BTC mooning before the halving has definitely changed the dynamic from previous cycles.
The next 4-6 months is game on imo.
GLA