The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Last 3 months have been on the 9th-7th + 7th so would expect them tomorrow worst ways Wednesday, Like Ab think this month will be on the low side pre Month on Month increases, But would be Happy to be nicely surprised.
Still here ;) Going to wait on this months figures as it maybe a low one so will hold of buying until they are released I think ! Hoping to be pleasantly surprised but if not I’ll snag a few more then - Should see an increase upwards Jaime onwards.
AIG,
Seems to work with BTC why should miners be that much different. FOMO and Greed are seriously strong emotions,
Also, ask your self whether following a 85% drop would retail investors seriously consider coming bk in to help pump it bk to ATH and whether that ATH figure was purely a once in a generation figure?
Then the only question for me is do i sell at 20p and get a decent return from my average of 14p (I'm heavily invested) or take a chance for the jackpot.
Im in a similar position with a slightly lower average and have been thinking the same - Think ive come to the conclusion if it does hit that price pre drill a 50/50 split maybe the best way forward ;-)
Ab,
See an interesting twitter piece/ yesterday on Mara that if they paid $11k per S19xp they would never turn a profit on said machines if BTC was below 40k - Wonder if thats the reason they have been so slow to find the current rigs homes, Anyway of topic my point being if Argo want to be as Transparent as they say lets get the actual Mining cost out once and for all. The space needs someone to lead the way so PIs have all the facts as the others will have to follow,
HarChris.
Short term without a doubt, was expecting/hoping for another run May/June which looks impossible now, Long term still favour the bull side strongly as adaption increases, As for buying much like AB ill increase along the way as and when funds allow, Im also hoping these current levels are the Ying to the £2.40s Yang but we shall see on that.
Not sure who’s behind it but think you are probably close to the mark - Whoever it is has a far greater sum than DK and are completely wrecking him and making hay - Will make a good story once the facts emerge as it’s an absolute stonker of a play !
Sure did, In a moment of madness I actually bought a small amount for science at $9, Its the gambler in me ;) Just need the cat to jump one last time before it rolls over and pegs it
It looks like they are actually going for the throat down to the $15 range utterly brutal and relentless - Poor sods holding the bag on this one, He best hope he gets that extra billion sharpish !
Out of all the Twitter influencers I’ve founds Cheds to be the most straight up ( No doubt plays his own book too but not to the same degree as most of them) in my view, He seems to be looking around the 25k range pre bounce, He’s been pretty much bang on the past 6 months or so - So wouldn’t be at all surprised if we visit that number for how long again not a clue,
Haha I’m not one for bigging up bitcoins price far to many larger cleverer entities playing games - Will go up when they want and vice Versa. As for DK yep said entities have destroyed him think I’ve just seen Luna at $25 !! And now it looks like he’s being backed to the tune of another billion - Mental.
Yes it’s a concern that profits will be eaten into the lower Btc goes but on the flip side the lower energy costs and the more efficient Intel chips (Proof in the pudding) will help offset that you would hope, Again with my positive head on If that comes to pass they should pretty much rank in the top 3 for mining costs if it does not it will be a case of keeping there heads above water until the sentiment turns - Id imagine that would delay anymore expansion at Helios - I’m not one for Btc predictions but I’d be surprised if it heads much lower for a sustained period of time then again wtfdik when it comes to Btc predictions :)
HarChris
I tend to agree but if numbers suddenly double wouldn’t that tend to offset what needs to be sold and what can then be added to the kitty during the bear cycle - Looking at the last few months it tends to suggest around 150/180 needing to be sold (I don’t know if they are also selling some for future expansion) but if they suddenly start mining 300-350 the excess then is Hodl