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Looks like it's an additional 300 mil for cleanspark which on top of the latest 500mil takes it to the 800mil.
A bit unexpected and a kick in the nads but what I do like is that they are releasing the intent when the SP is high but also they have already managed to sell into the latest rise to raise 470 mil (of the first 500). That was actually very well done considering they allowed it to increase whilst raising.
Usually the hangover keeps the price subdued, although irritating I'm not bothered about sparks latest raise. Ti. Ing is interesting, I'm figures crossed for a btc run over easter which makes up for sparks drop
I sold half my cleanspark yesterday, we need a bit of momentum to get us above where we are, I hit 100% profit again so took half again.
I imagine the other miners will start to play catch up soon.. I still think riot is the second best (even though I hold mara doh).
I presume people are aware that the halving is priced in for the miners, the day of the halving will come and go with zero impact on the miners and then as people realise all is well they will soar post halving.
Yes the reward is cut, it might even kill some if the naff miners and when that happens the difficulty will drop and the survivors who are getting half the reward will get more btc for thier hash.
All will be well.
MSTR is sooo overpriced now it's unhealthy, it will come down like a stack of cards back to a more normal level
"With a doubling of BTC Argo should go all the way to 40-50 . Double the profits every month at the moment."
How much profit will argo be making at that point?
BTC could double but the halving will bring it back to today's profit point (ish).
Come the halving I do kot want to be holding any reasonable amount in ANY miner, for me the most logical would be MSTR but I may end up just being a alt coin player
"I’m thinking of selling my Mara, I know I shouldn’t but there is a little voice that keeps saying, sell it pi sell it pi, whilst you are in very good profit lol. I don’t know what to do!"
We all know the rule, it's not how much you make but how much you keep.
I'm layering out abit, I sold half my cleanspark today at $23. Maybe it will hit 30, maybe even 40, but I have failed to get off the train at my stop a few times in the past cycle. It gets painful being 300%- 500% up and then come away with 20%
"Go back to the start of the thread Chuz - Riot just did it, so I believe they can - whether they do or not is the gamble. Why wouldn't you though?"
Cheers, I thought it was introduced as from the start of this year so wasn't sure if it can legitimately be applied retrospectively (I. E. 2023). Wasn't sure if it was a case of" if we applied Fasb like we can now to 2023 results then...
"Is this the whole board saying buy Mara x;) hold my champers lads and lasses."
I think Sparky is a better run company and I don't like the idea of what I understand of Maria's new Slipstream offering. What I do like though is that Mara reports in a few days time and I think it will catch the market off guard like clsk did with the fasb rules. In - wait -out then back to clsk.
Gotto admit though I hate trying to trade the US miners, Hargreaves won't allow settlement to stay as dollars so there is a constant forex fee to pay
"I estimate Mara could potentially report a circa 400 mil profit for the year if they do this (guesstimate)"
Im most likely going to drop half my clsk to rotate into mara for the earnings report. I keep wanting to go cash waiting for this elusive drop but just can't bring myself to do it.. That will be the greed part of the market psyche
Just a little noise and a little selling from Greyscale most likely I think that have around 1.5 billion ish to sell off..
These are the buying days not the selling days, it's why it's important to make sure you have a bit of cash ready.
I've just bought more cleanspark (I'm really overweight with them now) which I intend on returning to cash on the bounce.. I've also just gone 10x on a decent size Solana position.
Maybe it goes down more and I'll have to add a bit more but maybe it pops back to life.
My rule these days is to only buy on a red day so I'm only allowed more bites when it's days like today.
BTC has had me wrongfooted too many times in the last cycle, not this time. It's early retirement or bankruptcy court.
I'm getting bit concerned with the miners seeming to pull back when btc is holding well.. Sometimes the miners preceed the dump.
I think you can tell those of us that have been through this before, hapoy with the rises but can't become euphoric because we know the dump is coming, we also know that when it dumps it can be brutal like 20-40%.
I know folks things are differnt with the etf's which concerns me. The holders of the etf can sell just as quickly as they buy, if we get a reasonable sell off I would expect a good chunk of etf holders to do a bit of profit taking.. Which could be one of the most spectacular dumps we've ever seen.. It would be enough to make new comers never want to touch crypto again.
My profits are like sitting under the sword of damocles.
I am actually turning fearful amist this rise (not bearish as we are good in the long run, maybe not the miners though)
"Where are the derampers? i bet they all sold out!"
I think they are just letting people have there moment in the sun.
There are too many negatives to make this an investment.
A rising tide raises all boats, just understand what your buying into and what the industry is like for churn and you might be OK (I. E. Do the okey cokey and get in and out)
"Somebody might buy it for the swimming pool."
I knew I detected a dusturbance in the force, felt compelled to check in on the forum only to find talk of my pet hate swimming pool.
It annoyed me then and it still annoys me now
"Certainly not the momentum buildng RNS they needed as we draw closer to April and the halving."
To be honest, I'm thinking more and more that miners in general are a duff thing to invest in. When the halving is done the income is cut in half which needs to be offset by a significant increase in btc price. I'm not expecting that sort of price increase so really the miners will just make less money.
Eventually some miners will collapse which should lower the network rate but that's not happening at the moment, the nwtwork hashrate increase is exploding going into the halving, a combination of newer machines and bigger players (like nations) getting involved.
BTC is genius I'm just not so the miners are in anyway a sustainable endeavour. Eventually I think the likes of Blackrock will fork it to proof of stake and then we are done.