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If 1p equates to £500k then I make that 50 million shares at 0.1125 share price makes for a £5.625m pot of Argo shares from the mcap of £64.93m. So just over 8.5% of the company unless my maths is wrong. Anyone seen a TR1?
Anyway BTC and mara heading the right way, exciting times.
GLA
Miners revenue v bitcoin price over time:
https://www.blockchain.com/explorer/charts/miners-revenue
Ant pool 108 e/h
Foundry 166 e/h
Marapool 4.3 e/h
https://mempool.space/mining
What don't we know?
Marapool mining blocks slower than most, though peers only get a fraction of each block.
https://explorer.btc.com/btc/blocks
Fees still looking juicy 30+ hours after halving. Long may that continue!
GLA
Yep well done all who navigated the last month or so without losing too much of your gains. In hindsight I'd have been better staying in cash for a while but am pleased I circled around between various miners and mstr. At least it was a better strategy than hold and hope would have been when I was pretty much all in on Mara a while back just before their results.
Wednesday things certainly shifted and through Thursday and Friday I tried to follow signs of strength. I'm now 95% miners and nearly half of that in Mara. Not felt so confident about the upcoming days and weeks than I have in the whole run. Whether that's a good or a bad omen remains to be seen - but agree to it being exciting times.
Here's hoping we all see some decent returns in the near future whatever approach you've gone for.
GLA
Nobody does know, though like you say an expected uplift in bitcoin very soon is the conwensus. Will it bring the miners with it though? Regardless of logic and knowledge of halving and hash rates, they are unloved at present. Did anyone foresee bitcoin at 70+ and mara sub-18?
I didn't think I'd switch again this week but seeing MSTR in the 1400s the other day meant I moved all but a token from mara to there and will see where that goes.
GLA
Thanks Chaebol, thanks for the insight and interesting to know you believe there's a good while yet. I was going to let price action dictate over timescales but am adaptable!
Just arrived in France with v ropey internet, might be stuck with my portfolio as is for the coming week or two, would make a change!
GLA
I think most readers of this board welcome investment ideas and strategies from those who have done well over time, so long may that continue.
Buying strong miners cheap and just holding throughout the run-up to a bull run is hard to argue with. I think my main takeaway from 2021 is that holding can also be costly and so this time around I have been the complete opposite of loyal to a share. If there is a weakening I've bailed and so far it has meant my profits have been good and haven't eroded like they might have. Kept me busy though!
I find myself currently very heavy once more in Mara (45% of pf) whereas a few days ago I had none. Very small amount of clsk & mstr which were large holdings mid-week. The rest I sold and is cash ready to re-invest. I guess I'm of a mindset of profit protection over the long weekend. I'd always rather miss out on gains than take a heavy loss. I'm certainly not saying my way is best but it's good for me at the minute. I know others fare better with their own approach and good luck to them
Where I will definitely welcome input from the experienced many on here is regarding my big question: when to start selling in relation to the halving...
GLA
As you rightly state Chaebol, so much points to a large swing North for Mara at some point. Currently though it seems they're the miner that didn't get an invite to the bull run, so why not make money on everything else until the tide turns?
Yep a great day so far.
Away from the big names that dominate my PF, I agree am happy with how wulf is performing. I have a similar stake in bit digital who are doing nicely too. They had their good news drowned out by the recent dip in BTC price but are recovering nicely now.
Good to see our conviction through yesterday be rewarded today.
GLA.
I reckon it's all looking really good for new and significant ATH in fairly short order. I can't imagine the whales have waited three years to break a new record by a few thousand and then consider it a result. It'll get there. In the meantime, mara looking best of the big names having survived yesterday's shakeout and finished near enough flat at close of play.