MARA 7 point dipper - have yet to understand the economics of
miners like MARA that trades for $6 Billion market cap and loses
$350 million - maybe if BTC goes to Cathie's target they will make
money. But they are good for global warming.
Posted by DigiNomad on 11th of Jan 2024 at 11:22 am
Nah, I think crypto will be fine. Not sure about the economics
of the miners...I don't follow or understand the model completely.
Todays risk off move happens to be the complete opposite of
what crypto feeds on - news about easy money policies. When the
easy money story gets some play again (I would guess very soon)
then the money printer will go BRRR and the BRRR ETF will be up
again.
The next big catalyst could be when Congress gets past their
minor disagreements on massive deficit spending and passes the bill
currently on the table to avert a shutdown (we know they aren't
going to lower deficit spending - this part is just a
show).
Crypto Miners - gonna need
Posted by steve on 11th of Jan 2024 at 11:16 am
Crypto Miners - gonna need a lot of bags (MARA pummeled)
Yes indeed
Posted by steve on 18th of Jan 2024 at 02:54 pm
Yes indeed
Running out of bags
Posted by steve on 12th of Jan 2024 at 12:19 pm
Running out of bags
MARA 7 point dipper -
Posted by steve on 11th of Jan 2024 at 11:30 am
MARA 7 point dipper - have yet to understand the economics of miners like MARA that trades for $6 Billion market cap and loses $350 million - maybe if BTC goes to Cathie's target they will make money. But they are good for global warming.
With a Bitcoin ETF now
Posted by pmahoney on 11th of Jan 2024 at 11:35 am
With a Bitcoin ETF now available, do investors really need these different miners to invest in to play Bitcoin?
i should have shorted heavily
Posted by morton7 on 11th of Jan 2024 at 11:17 am
i should have shorted heavily when you said it could be a sell the news event!
Yep - most were all
Posted by steve on 11th of Jan 2024 at 11:26 am
Yep - most were all enamored with those offerings - was waiting to pounce as buyers exausted - many got bagged
Nah, I think crypto will
Posted by DigiNomad on 11th of Jan 2024 at 11:22 am
Nah, I think crypto will be fine. Not sure about the economics of the miners...I don't follow or understand the model completely. Todays risk off move happens to be the complete opposite of what crypto feeds on - news about easy money policies. When the easy money story gets some play again (I would guess very soon) then the money printer will go BRRR and the BRRR ETF will be up again.
The next big catalyst could be when Congress gets past their minor disagreements on massive deficit spending and passes the bill currently on the table to avert a shutdown (we know they aren't going to lower deficit spending - this part is just a show).
Oh that's just a matter
Posted by steve on 11th of Jan 2024 at 11:35 am
Oh that's just a matter of time with this administration - stay tuned for Yellen on the QRA announcement January 31st - put it on your calendar NOW