Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I've just had to sell a big chunk of tesla to "buy the Dip" in cleanspark. If needs be Ill buy more at 10 then more at 9.
Such a shame as I really wanted my big bag of tesla for the first week of Jan as I think they will do well but a 15% drop on no news has to be bought. I'll pay you back later Tessey I promise haha
The US miners are getting smashed, I saw the fall ping up on some of my holdings and though that btc must be having a big dump and going to 41k but no, btc slightly up. The manipulation is sickening but it's the game we are in
"Chuz, what’s your prediction for the Bitcoin high for this bull cycle (up to and including end of 2025)"
I reckon 80 - 120k, which I know is a lot lower than some predict with inflows from etf.
Now that the tutes are going to be getting involved in a big way I just can't see retail being handed a big profit, I've got a nagging feeling that things arnt going to go how everyone is expecting it to.
Even with my balls of steel and knowing that it's probable I think I will be shaken out before the real money is made.
Who knows though, we've never had this type of situation with any asssest before.
"but what I’m expecting is an initial spike up to the 48k-50k level, followed by some sell off."
That's exactly what I'm thinking, if we hit 49 ish on a spike I'm selling everything crypto and having a breather. There's that 39k dark cloud that we need to sort out.
My game plan, sell at 49k, buy back in within a few weeks at 39k.. I mean what can go wrong
Anyone can buy pretty much anything crypto related and make money at the moment, it is the rising tide that lifts all boats.
The problem will be the selling points, how to sell, when to sell ect. Ironically, most people will give back most of thier gains by the end of the run.
I liken it to the guy in the pub who keeps feeding the slot machine, wins £20 then pumps it all back in, maybe wins a fiver and puts it all back in, 15 mins later he has nothing buts it's OK he "had a good time"
Like the guy in the betting shop who wins big and then keeps betting until it's all gone.
You've got to get some money back into your pocket and away from crypto when the time is right, when is the time right? No one actually knows, so make sure you are putting something back into your pocket when your position allows it i.e. If it doubles sell half, keep half of that and reinvest the rest or whatever works for you.
Yes you won't ride the wave to the peak with all bags packed and you'll be the person who sold too soon, but atleast you'll have some bags at the end of the journey.
I must admit I am very suprised to see argo at 30p, I think there must be a bit of fomoing happening as I just cannot see value at 30p, all I can see is the setup for a massive dilution.
If they do manage to pull of a really big equity raise they might be in with a chance of survival. It will hurt existing shareholders but will be good for the company going forwards.
If the US miners maintain thier 8% ish loss today I would expect gains here to get wiped out this afternoon, careful as she goes.
Had to take a bit more cleanspark out, another 20% off the table, I'm just syphoning off some profit at any spike around 20%. Puts me at around the same balance as a week or so ago but with nearly enough out foe the new car.
In my head it risk management in reality I just don't want to watch it all dissappear on a big sell off and then have to explain why she can't have a new car.
Yea but I'll end up fomo and put it all back in and lose it haha.
These next 3 - 12 months have the potential to change lives financially if only we play it right, sell to soon and it was a nice ride, maybe a ranger over, hold on and sell to late and it's a pizza. Time it right and it's early retirement.
"Should be self fulfilling now, btc rises mara shorts give up, still around 25 % short interest, we lose even 6/7 percent shorters thats massive to us and a big big run could happen not saying short squeeze but definitely a re-rate!"
Interesting times for sure.. I've got chunks of Mara, Riot and cleanspark, all doing well at the moment with cleanspark outperforming. I imagine bitfarm is up next for some pretty big runs, (nearly bought at 1.6 the other day but ya know, it looked a bit pricey haha)
Riot seems to be lagging behind a touch so I would imagine it will run soon enough.
Mara is a beast but an expensive beast, I think it will be looking to asset strip some of the small ones after the halving has done its damage.
42k btc is a danger zone for pull back, but then we are all expecting it so it won't happen
"Still my choice but in struggling to make the numbers add up for mining in general now with the halving imminent so can only assume that a big portion of the expected bull run is already priced in."
I was thinking the same a little while back especially when etf is out, who would want the miners but then started thinking about the rebalancing.
Without getting into any numbers it goes like this with 2 counters to the supply shock for the miners.
If miners cannot stay afloat they will go under, when that happens the global hash will drop and more rewards going to the ones left. Whoever can weather the short term pain gets the reward. Miners won't go bankrupt on the day of the halving so it will take a few quarters for the adjustment.
Fees have gone up lately which is an interesting angle, eventually the miners will exist only for fees and not the block reward..
Of course, the price of btc is expected to go up, if it doubles around the halving then it's all about the same..
Interesting times.. A few weeks back I was thinking of getting out of the miners, instead I stuck a another 10k into cleanspark.. I'm obviously glad I did now, seems like a no brainier to of done it but at the time it was 50/50.
As we all know the market is designed to mess with your head and take your money.. I am more and more moving along the lines of doing the opposite to what I' feel' is the right thing to do.
"It's quite impressive how btc can move, this time to the downside, I think we had support at 35.2k if I remember rightly?"
Hahaha 35.2k gave no support whatsoever it fell straight through it.. Into 34's now.. And to think I sold my Tesla for cleanspark the other day.. I am the worst haha
"BTC has to see serious sustained upward momentum, probably all the way to new all time highs and well beyond, if there's to be any chance of a medium term turnaround here."
No matter which way I look at it Argo is fried... It will need to buy machines or continue to be squeazed out by the bigger miners.
As the other miners expand Argos share of the network will drop leading to a slow bleed to death.
The only way round it will be a massive share issue to buy rigs.. That will hurt anyone holding it at the moment and still won't be enough for longevity.
"Choosing, I also have concerns re miners with the halving ! Have you checked out KR1"
I sold Kr1 for around 52p in March 23 when btc was around 27k.
I struggled to sell because it was so illiquid on the market.
KR1 is sat at 60p with btc at 37k+.. It would of been much better just buying btc straight. KR1 up about 15% since March and a nightmare to sell.. Btc up nearly 40% in that time and very liquid.
The only reason I personally would recommend KR1 to someone would be for them to provide me with liquidity to exit.
On paper it looks decent enough in reality it sucks.