Posted by mastermind on 4th of Mar 2024 at 12:27 pm
Bitcoin miners are weakening while COIN is still strong and MSTR
is soaring. Starting to think that it's better to own the companies
that stockpile or peddle bitcoin than those that mine it.
Am curious why as they are stockpiling Bitcoin too and their
values are lower now than the price on Dec and Bitcoin has gone by
20% or so … would love to get your thoughts on MARA Matt or Steve
in terms of targets or what you think will happen next …
Mara is just hitting old targets...It is not running like it
used to do. 31 area was the last one. Next target is 24.35 then
18.67 area. My 2 cents worth.
Posted by DigiNomad on 4th of Mar 2024 at 04:29 pm
MARA - do you know how many bitcoin they have on their balance
sheet as of the last earnings report? I would compare that value to
their overall market cap. MSTR as an other than BTC company was
actually something like free a few months ago when comparing its
market cap to the value of BTC it held. How does that ratio
stack up with MARA? I'm interested also - post if you happen to
know the answer (I don't).
Posted by DigiNomad on 4th of Mar 2024 at 04:56 pm
That kind of explains why they are going down (in my mind).
Their market cap is greater than 6x their BTC holdings and the
company doesn't make money.
MSTR is next to it for comparison purposes...and this is
after going up 195% since the ETF's launched! (much better
valuation...and I think much more BTC, but I'm not positive on
that)
Nice Homework Digi! MSTR had the highest volume day ever today.
Hit a double top too...nice area to pay attn to both ways. gaps
below very nice if rollls.
Saw this last week, doesn't sound great for BTC mining stocks -
https://www.coindesk.com/business/2024/02/29/bitcoin-could-slide-to-42k-after-halving-hype-subsides-jpmorgan-says/
Bitcoin miners are weakening while
Posted by mastermind on 4th of Mar 2024 at 12:27 pm
Bitcoin miners are weakening while COIN is still strong and MSTR is soaring. Starting to think that it's better to own the companies that stockpile or peddle bitcoin than those that mine it.
Am curious why as they
Posted by anjali25 on 4th of Mar 2024 at 04:21 pm
Am curious why as they are stockpiling Bitcoin too and their values are lower now than the price on Dec and Bitcoin has gone by 20% or so … would love to get your thoughts on MARA Matt or Steve in terms of targets or what you think will happen next …
Mara is just hitting old
Posted by breakout on 4th of Mar 2024 at 04:30 pm
Mara is just hitting old targets...It is not running like it used to do. 31 area was the last one. Next target is 24.35 then 18.67 area. My 2 cents worth.
MSTR fell below the value
Posted by DigiNomad on 4th of Mar 2024 at 04:32 pm
MSTR fell below the value of its BTC holdings after the ETF's were launched....but has risen 195% since then.
MARA - do you know
Posted by DigiNomad on 4th of Mar 2024 at 04:29 pm
MARA - do you know how many bitcoin they have on their balance sheet as of the last earnings report? I would compare that value to their overall market cap. MSTR as an other than BTC company was actually something like free a few months ago when comparing its market cap to the value of BTC it held. How does that ratio stack up with MARA? I'm interested also - post if you happen to know the answer (I don't).
Approx 17,000 BTC valued at
Posted by mugsy on 4th of Mar 2024 at 04:44 pm
Approx 17,000 BTC valued at > $1Billion
That kind of explains why
Posted by DigiNomad on 4th of Mar 2024 at 04:56 pm
That kind of explains why they are going down (in my mind). Their market cap is greater than 6x their BTC holdings and the company doesn't make money.
MSTR is next to it for comparison purposes...and this is after going up 195% since the ETF's launched! (much better valuation...and I think much more BTC, but I'm not positive on that)
Nice Homework Digi! MSTR had
Posted by breakout on 4th of Mar 2024 at 05:17 pm
Nice Homework Digi! MSTR had the highest volume day ever today. Hit a double top too...nice area to pay attn to both ways. gaps below very nice if rollls.
Saw this last week, doesn't
Posted by racerick on 5th of Mar 2024 at 07:50 am
Saw this last week, doesn't sound great for BTC mining stocks - https://www.coindesk.com/business/2024/02/29/bitcoin-could-slide-to-42k-after-halving-hype-subsides-jpmorgan-says/
coindesk.com
Bitcoin (BTC) Could Slide to $42K After Halving Hype Subsides, JPMorgan Says
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said.