Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Sometimes when everyone else has doubt is the best time to buy :-)"
That's what stops me from selling, I get the psychology, I'm just tired, I know the markets can be irrational for longer than solvency, I get the irrational exuberance when it happens. I've read the books and I've been investing for over 25 years... I'm still sick of the miners I hold though.
I'm close to capitulation myself.. I want to get rid of these miners, I was expecting them to be higher when btc went up but the market really isn't keen. 3 or 4 months ago I would never of thought 37k btc would have barely an effect on the miner price and to see them fall when btc is rising makes me just want to get out and invest in something more sensible like unicorns
"I'm with you the_Chuz, i'm selling up moment MARA gets to 20 bucks, I break even around 13 or 14 bucks I think but need 20 bucks for the stress i've endured. Fooking stressfull this Crypto larke, i'm sticking with buying nearly bust companies and riding them up and down lol."
Funny enough it sounds like we are in very similar positions and the same exit. I was expecting $20 when we went back to btc 31k. Now it's just all downside with no upside, maybe is the market psyching us out to sell or maybe it's just that the etf gives much better prospects and nobody wants the miners anymore
He used to have a passion for the company, I had many conversations with Matt, I was invested at the point of him taking over the company and we shouldn't forget that if he hadn't of put in his own cash at the time then the company would of closed.
He was outplayed by seasoned pro in the oil market.. The Hewitts come to mind.. They managed to play Matt like a fiddle, I think he had some hard lessons at that point.. I think it all went very wrong when he brought in Alden (I think that was his name).
I held for years and years and ultimately sold out at a 75% loss.. Which is 24.5% more that what I would of had if I held, I lost 10's of thousands investing in Matt.
It is clear it just doesn't work.
I still remember the war cries... Come on Boxberger #5!
I know the market is designed to make us buckle but I'm considering ditching all the miners at a small loss.. I really do not like this detachment from the btc movements.
I intended on waiting until just before the halving and cashing out at a profit but the correlation seems to have gone.
I do not see any point in holding the miners after the halving but I'm struggling to see the upside even at this point..
I won't be making any rash decisions but what I have been holding for has not materialised such as 32k btc to 20$ mara
"BTC flying who predicted the good Octobers x;) looks good for 32 plus this week will mara breach 10 x"
Frustratingly when btc was 31k last time mara was around 18, mix in the dilution and we should be 15+.
Just need the money to start flowing in the right direction again.
I'm looking at mara and riot at the moment, they have the ridicous position of being up about 50% of the btc movement which is just daft and removes all risk reward.
I assume it part of a wider market malaise but now it seems its better to just buy btc than touch the miners.
I have to admit I'm getting concerned with the US miners.. Even on a good btc more they are reacting poorly with only minimal gains.
I also think that when the etf's get underway people will leave the miners as there is just the constant dilution and not much reason to hold them.
I'm a decent way under water with the US miners but I'm not seeing much benifit in holding then, seems like leveraged risk on the downside but not leveraged to the upside.
"If by March the Mara SP hasn’t improved or declined I have two options, sell for a loss (my average is $10 ish) and move into the safety of MSTR - or average down with everything I have and bet on the historical rhyming cycle."
In the same board with avg around 10, I'm expecting 35 by march, either way it will be bail out time and into mstr or similar.
I'll be slightly more concerned if it drops through 26.3k.. Just coiling up for the moon shot.
I must admit I was expecting it to break to the upside but no it chose downwards instead.. Won't be too long before we see a big ol vertical line upwards.. I'll be glad to get out of the miners and stick to just holding btc.
I think the miners will blow before the halving and then collapse afterwards.. Then we will see who comes out of the ashes.
I'm not sure anyone knows anymore..
High bond yeilds should be bead for btc, the dollar strength should be bad for btc.. But it doesn't appear to be having any major negative effects.
There seems to be non tradition (historic) support coming from somewhere and not just flitting up and down with gold, dollar. Bonds etc.
Right now I don't think anyone has a scoobie doo over what's going to happen.
If it crashes the bears will state it was obviously that it has crashed, look at the charts, sentiment, resistance.
If it moons the bulls will say it was obvious, look at the charts, the support and etf sentiment.
I just need to ride the run when it happens and cash out the majority of my holding which should then be pretty life changing. Then I think I'll buy insurance companies because premiums have got daft +25%
"Fcuk me we might actually have a green day for Mara and co here lads"
Still plenty of time for it to go down the toilet with a big rug pull.. Could really do with a couple of green days though..
I thought max pain was around 26,500 for options tomorrow.. The market might just be fishing at the moment.
Or
It's finally rocket time
Unfortunatly the board will know that as soon as btc goes up significantly retail will flood back in like nothings happened and will all be happy clapping.
What's good for the company is not always good for existing shareholders.
When the company talks about driving shareholder value they are not thinking about current retail investors. The money that current retail has invested has be collected already.. Its future shareholders they need to sell debt/equity to, current shareholders have already been bled.
They would understand the impact of issuing shares and know that sentiment is fickle (just look at the forums from one day to the next).