Member Info for poorinvester

At this rate, all the miners gain’s will be lost. MARA in the 13’s now. I’m not buying any more, till I know, when this blood bath is over.

GLA

Great find CDF1. Thank you for posting it.

Up over 14 percent today.

Price (p/therm)(pence per therm)

99.56

My honest opinion, what a bargain price IOG is at the moment, come winter, we are easily looking over 200p pertherm.

GLA DYOR

IMHO

Lol coldspy, Beb is confused now. He doesn’t know how to respond to that lol. Great find by the way.

Longinvestor, now without turning this into a ten thousand word post, I will also-try to answer your question. You need understand the industry at least, without the understanding of the industry and share you wanna trade, don’t bother trading it, you will lose money nine out of ten times. Assuming you understand the industry a little and the share you wanna trade, wait for large drops, the one’s that are over sold, there are always large drops in crypto.

Once you have bought in, never go all in, always keep powder dry. When you think it won’t drop, it always does, so make sure you have powder dry.

Always take profits, never get greedy, you will never miss the boat in crypto, the Fooking industry has more falls and rises than sleepy Joe Brandon falling and rising.

I also keep my eye on dollar and gold indexes, for me they relate with btc the most.

It’s how the world works HC. Riot and Marathon weren't originally Bitcoin miners. Riot was once a medical device maker called Bioptix, while Marathon was originally a patent holding company.

HC, On the next bull run, they will diversify. ARGO never had the funds to move into other sectors. let’s take MARA as an example, if a bull run happens in 12 months time and btc is $70k for example, MARA have a few hundred million to invest, I’m more than sure they will diversify into other sectors, it’s good business practice. And if I was to take a guess, energy would be on their list.

"It's tough to say what mining costs will be in the future. Every four or five years all machines will need replacing and they will have to be priced somewhat competitively by the manufacturers in order to sell so there will always be profits to be made for those with a healthy enough balance sheet"

HC, the miners that will survive the next 12 to 24 months, will diversify. Mining bitcoin will not be their only craft. Blockchain has huge potential, plus there is a list of industries they, they could get involved with, power generation is the first that comes to mind.

“Even if it is that high (which is debatable), so will be the costs per BTC mined. “

I’m not predicting those highs, the mining company ceo’s and the likes of Micheal Saylor are predicting those highs, hence their hodl strategy.

I wouldn’t like to put a figure on btc price in the long run, I don’t have an hodl mentality. I believe in trading as much as you can as often as you can. Maybe in 10 years time, I will live to regret it, if btc is a million bucks lol.

It all comes down to the long term game for the Bitcoin miners and holders like microstrategy etc. They believe, Bitcoin is in it’s infancy stage, in 7 or 10 years time Bitcoin should be between $250k and 1m dollars. So the cost of mining or acquiring btc through purchases today, seems very cheap to the people in the long game.

Most of us here are in the short term game, btc at 50,000 dollars would do us very nicely lol.

Marathon holds a total of 12,964 BTC, all of which are unrestricted. They should have around 18,000 when halving happens. I’m still backing MARA as the number one miner.

Dags, CB convinced me on clsk a few weeks ago.

I do see why you got divorced though :-).

Bebeto, so what?

IOG are making around 30 percent more money then they were a few days ago, the curtailment was planned long time ago and it’s only a week.

Prices are going up mate, get that short closed asap. :-)

Great call CB, well done mate.

I wonder how low MARA will go? There is always a chance to buy back, never panic when it comes to crypto lol.

Bebeto, Gas prices are rising mate.

Winter is on it's way.

Ukraine war is in full swing.

Last year was a mild winter by European standards, making it a good chance of a cold winter this year.

I will let you join the dots and I'll say no more.

ATB

This is the reason, why the surge. Iog sp should follow. Still only summer.

https://www.telegraph.co.uk/business/2023/08/09/ftse-100-markets-news-china-deflation-global-economy-impact/

Just had another quick look. 92.85 p/therm now. Summer nearly over, should be over 200 next month.

Makes sense. I still believe, they are cheap for what they are. Just a quick trade mind you, not to hold for weeks, that’s for sure.

84.20 p/therm last time I looked. Gas prices are slowly creeping up, winter is around the corner. last couple of winters were mild, odds have it, this my be a cold winter.

CB, completely agree. I’m out miners after the bull run also.

DSFLAT, what is happening with migi? It seems very undervalued? Is there some news I don’t know about? Looking at their balance sheet, they are looking like a bargain of a lifetime lol?