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MNS called it correctly. Congrats to MNS very skilfully navigated, cool nerves.
If it does goes crazy in the ME next week then BTC is going to be a safer haven than currencies imho.
Yes lots of buying opportunities between now and next friday. Shorts are going to get hammered in the next 2 weeks let them enjoy their day in the sun.
From WULF on Stockwits
If you want these to go up quit daytrading. Don't sell out of one just to buy another, simply add to your position. The groups holding the miners down are getting people to jump from miner to miner. They let one go people sell out of the one they are holding then they bleed the one they just bought and entice them to buy another. Hold what yuh got and add dips on any other miner you're interested in. Bitcoin WILL GO TO 100K. They like to kick the can down the road and bleed people out. They bank on your impatience and the fact that everyone nowadays needs INSTANT GRATIFICATION. THEY MAY NOT BE ABLE TO STOP WHATS COMING. But what they will do is disrupt and delay the inevitable. They will try to get you to chase one so you sell out of another for a dip to cover a little here and a little there.
Interesting article on what btc halving is set to do for MicroStrategy stock...
https://blockworks.co/news/bitcoin-halving-effect-on-microstrategy-stock
Great ETF news! Yuge drop in Grayscale outflows yesterday to a tiny $17.5m. Monday was $303m and Tuesday $155m looking good. Also Hong Kong spot ETFs starting by end of month maybe even this week according to Reuters. Should be a game changer.
Its right on cue and for that reason its quite easy to trade.
Mara stuck in the mud this evening. Clsk similar...
Agreed Dags, No one ever times it perfectly every time selling at he peak and buying at the bottom. If they tell you they do then they are lying. I did with Riot but that was more by chance than design. But thats my strategy to sell 'near' to the top and to buy 'near' to the bottom. Thats good enough for me and good enough to accumulate profits. Im comfortable with that. if one continues to seek perfection then angst will continue to follow them.
Dags. yes I remember the Wulf charge to 4p. Bailed out on retrace at about 2.5p. Went back into Wulf quite heavily about 3 weeks ago. Sold off Riot at their peak and rotated to Mara, but heavily reduced my holding there 2 weeks ago after the massive dilution. Still keeping small holding as believe many will reinvest there as they are best placed to prosper post halving. Largest holding is still MSTR and no regrets there. Not sure what to make of CLSK at the moment, think sentiment is bit blown on that stock but should still do well post halving... Anyway each to their own. Everyone invested will make profit this year but not sure about those waiting on the sidelines. Btw I noticed VeryPI was talking to himself on here earlier...
*supressed
Dags too true. But its a long and winding road with many twists, turns and surprises and quite difficult to predict at times. There were a combination of factors contributing to miners SPs being surprised including director sells, dilution and coupling with BTC drop but I also believe the correct post halving is now priced in. Looks like Kerrisdale's short on MSTR is back-firing quite nicely and wouldnt be surprised to learn they had been exiting their positions in the last couple of sessions. Wulf always prone to a few decent spikes northwards and mara gearing up nicely too. Lets see what CLSK can do over the coming weeks.
Haha like it Dags both barrels.
To be fair to MNS I think a lot of people considered stopping out of the miners pre-halving - but thats not for me too risky as I believe the corrections have now priced in as we can see with the suppressed SPs + recent drops during march.
@iangibbins67gmai. Same as me. Got played today on both stocks thinking mara was the safe haven. Ouch!
By the way has anyone seen Bowlers!?! "Well lads now we know argo gone bust"
ARB currently seems to be enjoying a stay of execution.
Same here CLSKBull. I actually closed all my clsk yesterday. Trying to identify the next big mover. Wulf made a big move yesterday as I predicted it might + mara gearing up.
Mara price action is perverse... but a nice healthy push north today with profits coming in from other miners.. long may it continue. Obviously it has been played and still is.
MSTR up another 2% AH. I'd be tempted to rotate some into Wulf tomorrow seeing how they underperformed today. Was held back but the stock is always prone to a large rip northwards. I know maras numbers stack up and should be leading the pack but once shorters get their teeth stock into a their chosen prey they rarely let go... and in my experience and from what Ive witnessed with other stocks that spells big trouble for the foreseeable. Not tempted.
Mara has just gone green what's happening there. Wulf looking weak today.
Perhaps a playful and inspiring woke purple rainbow version might do?