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).
i should have shorted heavily
Crypto Miners - gonna need a lot of bags (MARA ...
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