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I think people need to embrace the volatility on miners. Always have cash on the side to buy the dips. And pull out once you've enjoyed a run. I changed my strategy from HODL to trading and it's worked a treat. It requires discipline, but in this environment it the only way until the next signals of bullish upside. The best volatility and direct link to BTC price movements are the US miners which makes them very easy to play. Argo is sadly just not as strong on range of movements. Which is why I shaved a massive amount of - too risky for me and I was too exposed. I've since made back all my Argo losses on the US miners. Each to their own and DYOR.
Wholeheartedly agree. Key point is the expectation of future valuation has diminished. Speculative growth stocks are under pressure since the FOMC announcements. If you compare NASDAQ composite movements to miners you will see 100% alignment in intra-day performance. They are closely correlated at leverage. I would say the miner punishment is currently driven by NASDAQ as well as BTC performance. Once NASDAQ recovers I expect miners to recover a little as they clearly have been oversold.
Gosh, do you ever stop? At least be smart enough to change your name, Pearls. To the newbies, Pearls is a relentless spreader of BS. Thought I'd help you get up to speed so you don't waster your energy on this air thief.
If you're not short term focused, it will catchup and you can look away and relax. As long as no BTC is being sold it's not a big issue. The market is waiting for 1.7EH to be fully online. Then we can talk about any disconnect to BTC price. We'll always have PE swings pending sentiment. Right now we may be on the lower end, but this will change over time. This is the beauty of investing in miners, the PE can multiply your gains from BTC movements. But can also do the reverse. The fundamentals haven't changed, so this is purely timing.
It does give comfort that 1st day volume was strong, since there's been little volume which also should translate to less selling. So we're going down on low volumes which I believe is not a bad thing.
I can. On the first page. 1075.
https://argoblockchain.com/
I have mixed feelings about this. It seems like a full year wait until the facility is built and we leverage these capabilities to mine more extensively to date. This seems like we will stagnate until the facility is built.
£6m is not going to buy a lot of miners.
Not sure if anyone has seen, but Robinhood queue alone is 140k.
That means if RH investors each invested $800 (54 shares each) the IPO would be done. This is JUST Robinhood.
https://twitter.com/mystery0912/status/1441055592831983618/photo/1