Member Info for CLSKBull

Yes definitely will be a good day when it happens - sooner or later - it feels sooner to me due to the crazy ETF bitcoin inflows we've been seeing. It wants to run. If the ETF demand slows then I'd re-think.

I have some June expiry S&P options so the timing of that side of things is important to me and it's feeling right just now.

404 guess we'll see how it plays out - but to me everything seems to be lining up for Dave's forecast. I plan to get out at the 100-120 mark and whatever miners are at that point so be it. I tend to exit winning trades too early, but I'd rather that happened than sitting for another 3-4 years by waiting too long. This time around I'm not in love with any of the miners, so that probably helps.

Totally agree Jimmy.

Jimmy, I follow Dave Hunter and it is his prediction. He has predicted an S&P 500 run to 6000 (although he thinks it could go as high as 7000). These numbers seemed crazy 12 months ago - but here we are at 5150 on an uptrend - so although they still sound crazy, they seem less crazy than before. This would then be followed by huge correction as high as 80%. He believes we are at the final stages of a secular bull run, and that the Fed does not properly understand leads and lags, and has over-tightened.

He doesn't do crypto, but the ETF's have come in good timing and joined the party.

So melt up (parabolic run) then bust (crash) is the prediction. Timing is very hard but as far as I'm concerned he has called it very well and it is still my #1 scenario and it all feels imminent if it is going to happen.

This macro level crash would likely destroy the bitcoin run - but whether bitcoin then acts like gold and becomes a proper safe haven is an unknown factor and I'm in two minds about it.

Basically what he's been saying made a lot of sense to me and I can really see it happening.

Anyway here's the link for him, there are a few video interviews you can watch if you're interested.

https://twitter.com/DaveHcontrarian

So really you're investing in KR1 if you don't know what you're doing with alt-coins - I would fit into that category as I really don't understand the space. I've got a couple (INJ and FET), but to be honest I don't have a clue what they are, just bought because Wizz on twitter is good at calls and has these two.

However if they keep going the way they are and I take a profit, I'll be subjected to 18% CGT and have to do a return for them. So the 20% performance bonus is negated there. Clearly these guys know what they are doing, and I think they are probably a good option if you want exposure to alt's, and especially if you want them in a SIPP/ISA.

However I'd mention that the guys running are not great on the investor relations side, and the acquis exchange is horrible and liquidity can be very poor. So there is additional risk with them I'd agree, but their track record has been good and they've been around a while now. They should run when alt-season kicks in.

MNS - yes ultimately know one knows until after the event. For what it's worth I'm not sure it necessarily stays at 100-120 for a long time. It's hard to tell though as the ETFs are the driver and a new entity to the space. I still believe a general market crash is coming H2 - I would expect this to crash the bitcoin price - although maybe it becomes a safe haven, impossible to tell. Will be interesting to see how it all plays out and good luck with your holdings - and I hope all the old timers on here do well this time around (and get out at a good level).

Fair enough - it's not for me but good luck with it. There's so many opportunities out there at the moment it's hard to keep up.

Near to no revenue in the Sep half year report - why the big expectations?

MNS my timelines for events are a lot shorter than that. I'm expecting bitcoin at 100 either just before or just after halving, and the appropriate response to miners/sentiment that comes with that. I'd probably be closing out most of my holdings around then.

I think the general narrative will be the longer timelines, but it is not my view and I don't want to be caught holding again.

Good point on Migi, forgot about them - lots of bargains at the moment.

Interesting change on Marapool.

https://mempool.space/mining/pool/marapool

They have had hashing issues for a month or so now - a lot is to do with site/electrical problems - but some have wondered if the recently announced software upgrades have also been an issue (eg. like Terrapool had in the early days - it was never quite right).

If you look at the blocks on this page, they generally say something like "MARA Pool (v022724)"

Note that the v022724 is new as of a couple of days ago and it now seems to be mining more blocks - whereas the v122723 blocks it was underperforming - so it looks like a software update may have helped.

Fingers crossed we need Mara to get back on form, for all miners to look better.

DS - there is no chance that Craig is Satoshi. If you had 1 mil bitcoin, you could literally do anything you wanted and it would be incredibly strange to be so litigious given the generous gift that was given in the form of Bitcoin. None of it rings true. Satoshi seemed a good person, where Craig just seems a bit of a d!ck.

The halving impacts the miners of course, but the traditional halving narrative relating to bitcoin price cycles is dead now if you ask me - proven by the pre-halving ATH just hit the other day. Expecting more progression on price once this bit of resistance is cleared.

Mara and Riot diluting and problematic performance is not helping the mining sector, but hopefully just a blip and things start moving again when BTC does. CLSK outperformed yesterday, and is clearly still a favourite.

Wulf update was forward thinking - giving PI's the info they need - hopefully others take their lead and get this going again. I moved a bit more into Wulf yesterday, can see it breaking upwards.

Solid update. I like the 36,780 cost per bitcoin post halving. I've got some of these also and think they are undervalued.

They don't have the safety net of dilution like the big ones have, however I'd argue small doesn't mean bad, as if the company is well run and they have low input costs there's no reason for them to suffer any more than a big miner. Although the share price will move in bigger percentages in both directions. Of course I aim to get out before the top as I don't want to be left holding again.

I think as ATH's are breached and fever sets in these will outperform the big boys % wise by a good amount, and I think that time is coming very soon.

Yes I've got a good stock of SDIG and they announce results today - some good news would be nice.

Digihost has now moved to 2.4 EH - market cap US$56mil.

Argo 2.7 EH - market cap US$95mil

Digihost has its own infrastructure, mined 94 BTC last month and has very little debt.

That's the competition your are dealing with here.

It'll come good, pre or post market crash.

Shiny lumps of metal vs lines of code, it's a crazy world we live in.

You should suggest they buy some bitcoin for a gimmick. Might get them moving.

Last cycle it took about 3 weeks to properly break through the 2017 high and get properly going.

Neil, Argo and QBT have fundamental issues - Argo has too much debt (which they are working on), and an inefficient set of machines that are currently hosted by a 3rd party but the agreement will end later this year - so their future is very uncertain. QBT is a scam as far as I am aware - a lot of false hope but never any delivery. These things are reflected in their price.

The halving impacts miners, as it means they mine half as much bitcoin as they did before the halving (technically a little more than half due to fees but still a significant drop).