RE: Going for 11 dollars..15 Aug 2021 21:51
Hi
I , maybe wrongly, got the feeling you were cooling off with SLL, as I thought you’d taken some off the table as they say. Maybe that is your modus with these things and tbh, probably a good feeling if your “playing with your profits”!??
As for the crypto… I’m no expert..
You could day trade DMG/ BITFARMS/ DIGIHOST.
Argo announced NASDAQ application so hopefully it will bounce a bit more after- it is being short attacked ATM so I am told. Even the CEO mentioned it on Twitter.it can’t stay down they make £6m a month!!!!!
agree on the energy front but many use hydro ( Argo in Canada) and many are trying to reduce energy - Argo and Hut 8 ( maybe others will follow) looking at immersion so more computing power for less energy. HUT ( imo) have a brilliant idea. Mine Eth with rigs which is about 1/100 of the power ( how I don’t know) but the convert to BTC.
Although many say use the spare / renewable energy ( Argo and others off to Texas to use the wind and the heat), but agree wouldn’t it be better to make H2 with it and store the energy?? Only if you’ve tuned off all the oil / gas power stations…
I realise I am being “dishonest “ bc yes we should save the energy, but I’m invested!!
But we could probably also say mining for Li etc is also energy hungry. Also all these raws for batteries??
Personally I think H2 is a better way- certainly should be a mix of the two.
And then there Cos like PHE. Gonna clean up all
The plastic, make H2 and electricity and shouldn’t pollute the planet…
I’m not judging.. all have their trade offs. I just hope governments make the right choice ( for the planet) and not for the £££!!
The thinkmwoth BTC it is just something that can’t be copied, there is only so much of it. As is Gold.
No one spends gold per se. No one really will spend BTC. They will just own it and borrow against it. The difference is you can see who owns it. And if anyone sells it everyone can check the transaction and see it. Therefore you don’t need a bank to “check” the transaction and charge you a fee. Think Visa!
I’m sure there’s a lot more to this but it’s relatively “early” and JPM, El Salvador ,… are adopting it so long term it’s probably here to stay.
Imo it will push up for next few quarters, and miners will profit. Time to sell … maybe buy back after the dip ans then hold for a few years.. at which point keep for a long time. If you’re “young” it’s worth a punt on these.
Financial institutions are buying.. ETFs are being started .. not for nothing.
I’ve taken a small position in CUSN - fingers crossed. Gonna keep the SLL…hope for a buy out!??
Gonna see what develops with EHM.. some on the BB believe it will be massive. I know your fears.. you still invested or did you take your profit?
If it gets anywhere near 1.20+ I may just take my small profit and move on.