An Explanation of MARA's big turnaround. It has had a Significant turnaround in 2023- after a somewhat disastrous 2022 (due to time offline relocating its operation & BTC's drop). The turnaround hasn't been priced in yet, and 40M+ shorts have to cover.
Bitcoin moves hard in one direction due to the momentum & sentiment nature that drives it. Likely quite a bit of upside to go. 2nd beneficiary: MARA was already at base of a Short squeeze- will really kickoff Mon as thanks to btc run (4 images below)
$BTC.X $MARA ... Bitcoin is sitting on an almost textbook completed 6mo Cup & Handle- w/ a $9K cup depth (indicates a $9K up... to around $34K). MARA is beginning to breakout into a SS based on non-BTC factors... But if a 9K BTC jump happened- it would be a big boost
Perp funding rates deep red. Have to go back to middle of last year to find that. Shorts more than willing to pay long traders. If I had to guess, I'd say some gamma action and a violent upmove. Also consider publicly listed BTC miners (MARA, RIOT) are rocking RSI's under 30. Way overdone. ⤴️
If you are interested in investing in the bitcoin miners here is the content you want. Ive been purchasing long term calls in RIOT MARA and HUT for the last 18 months. First RIOT option was when it was $2, its been an amazing run. Now I'm adding BITF
If anyone here trades stocks or options, crypto mining companies like MARA and RIOT are currently down to year to date support levels. If there is any good news in the crypto market in the next few months, these could be highly profitable call options.
Big move on btc mining stocks today RIOT and MARA - definitely worth looking into for some if you haven’t already. I wouldn’t buy at these levels after a 20-30% daily pump, but I do like to have some exposure to these in my stocks portfolio. I’m UK based so can have these in an ISA for tax free profits (assuming profits happen) 😄
I read every word. Please consider adding your story to the post I just created about horror stories. You know what sucks, and I think you might relate. I think I fell into depression after 2021 bull run. The idea that I could have closed the mortgage, bought a land, and helped my family in my first home country, hunted me for over a year.. I couldn't understand that I had to start from almost scratch. Speaking of stocks, I had CALL options on MARA (crypto mining). That went to 6 figure.. I didn't sell.. went down to few hundred dollars.. kept thinking it would go back up. Hope you get your $7 million again.
Look back at the price RIOT and MARA the last couple times Bitcoin was up. When Bitcoin hit close to 70k those were both around $60-$70 per share. I bought those with average prices of around $6. When Bitcoin goes up to the level of it’s last ATH there is no reason to believe they won’t hit their last ATH’s as well. So that’s Bitcoin going to approximately 3x’s it’s current price and those stocks going to 10x’s my average price per share. My end goal is the accumulation of more Bitcoin.
That's what I've been thinking as well. The institutional investors may sell some of their mining stock once the ETFs are approved. At that point, they will no longer need to invest by proxy. I wish I would have picked up some HUT, MARA, RIOT, and CLSK when they were much lower earlier this year... would have had some nice gains. I wanted to buy them but was waiting for an even juicer dip from the December lows. I'll think I'll just continue to buy Bitcoin rather than the mining stocks.
Check on nasdaq exchange CLSK, MARA, RIOT, ARBK... Some leverage can be good sometimes. I do not know since you are in this market or an investor in general. If you sit at a poker table and you know the cards of other player or you know how to win money from some players because you know their attitude you are not gambling. You are simply making markets more efficient.
As far as a Bitcoin or Ethereum ETF, is the idea similar to a regular ETF where it would track publicly traded companies that operate in the crypto space? Like for example, a Bitcoin ETF might carry $HIVE, $MARA, $HIVE, etc? Just trying to understand, thanks!
anyone have info from the vote for MARA share Dilution? so yesterday on july 27th marathon was supposed to have a shareholders meeting and release the results of the shareholders vote for or against dilution of mara stock…. i see nothing. no results, no proof of a meeting even taking place…any information would help tremendously….thanks!
on same wavelength. You can buy MARA or MSTR shares and sell one month out-of-money covered calls every month. Take all proceeds each month and buy real bitcoin. As long as price stays low you will be accumulating real additional bitcoin. If prices goes up a bunch your covered calls will take your MSTR MARA shares away but you'll get another 10 - 20% kicker payment to buy more bitcoin and your bitcoin bag will be bigger than ever naturally.
I'm 100% in bitcoin or bitcoin correlated stuff(MSTR MARA). I started buyin gin 2017. kept at it through 2019 and upped my commitment from roughly 2% to 50% by the time we got to August 2020. That was all great! The only problem was upping my commitment level to like 120% by May 2021. That was a dumb time to become more convinced. I suspect lots of other people have had same experience. If your fiat brained wife is ok with 5% commitment to bitcoin now I bet $$ she would be ok with a 15% commitment by the time bitcoin hits 100k (say that is October 2024). If that is how she rolls it would be bad. That is the hard part . pretty much everyone becomes more believing as the price rises and then that can put you in a less than favorable spot as you have to wait out a bear market in anticipation of next halving. so just be warned of that problem now. Otherwise good luck. If you have kids I would not risk your marriage over this, just being married does allow you to have more investment dollars to play with than you might otherwise have so don't give her too hard a time for being a NPC. She probably believed mask bullshit too right? women are just crowd followers more than men
You can by $BITO with Proshares as issuer (not sure if UK has UCITS rules, otherwise you'd have to use put options). [guide](https://www.expatfinance.us/general/us-etfs-in-europe), once a spot ETF gets approved, I would opt for that instead. Another option is bitcoin mining stocks like $MARA, $RIOT, $CAN, $HUT, $CIFR, $HIVE, $BITF, ...
Yes..I am hodlin COIN. There was an article out maybe 5 days ago and showed each fund and average ARK cost. One fund was $234 per share average. Cathy ain't selling fast. Jan 3rd was a good time to buy. MARA and RIOT too...400+ % below current price. (I sold $600 and bought BTC over $31k).
How do people not understand that, for the most part, companies like Vanguard aren't going out and dumping $560 million into stocks? The first one they talk about is MARA. Vanguard owns **5 of the top 10** etfs that have MARA in them. They aren't purposely putting money into bitcoin stocks. Bitcoin stocks are just part of all the indexes their etfs cover, and their asset pool is so god damn huge that even a tiny percentage is $560 million. You could look up how much they own of any stock and make this same headline.
Right now, crypto stocks are vastly outpacing BTC. Why? Well, most institutions cannot yet own BTC due to their bylaws. However, now that Blackrock et. al. have filed for a BTC SPOT ETF, they see the writing on the wall that their opportunity has been green-lighted to acquire. But since their is no formal ETF YET, they are scooping up MSTR, COIN, MARA, RIOT, etc. These stocks are soaring. I expect this overweight will continue until if/when the ETF's are approved by our pal Gary.
Right now, crypto stocks are vastly outgrowing BTC. Why? Well, most institutions cannot yet own BTC due to their bylaws. However, now that Blackrock et. al. have filed for a BTC SPOT ETF, they see the writing on the wall that their opportunity has been green-lighted to acquire. But since their is no formal ETF YET, they are scooping up MSTR, COIN, MARA, RIOT, etc. These stocks are soaring. I expect this overweight will continue until if/when the ETF's are approved by our pal Gary.
My main bet is on a small crypto exchange and Blockchain analysis company out of Canada but started operating in the US this year. Blockchain Intelligence Group: BBKCF in the US, BIGG in Canada. They're OTC in the US MOGO is NASDAQ, another Canadian crypto company BKKT in NYSE - They recently bought out APEX Crypto BTCS on NASDAQ is staking equivalent to Bitcoin mining companies MARA and RIOT are the big Bitcoin mining companies but there are others like Bitfarms, Bi Digital, Hive Blockchain
I love gross overreactions to some random government saber-rattling how they’re going to end BTC. I just load up more coin and more MARA. What’s even funnier is today’s lowered CPE was a huge boon for BTC. Stay strong. Soak up the discount. Let’s get retest 30500 this weekend. 👍
>They can have the blocks give the fee part of the coinbase back to the subsidisers wallet You set this up so the indy miners are making **more** by mining for the attacker, but now you're taking away these fees so that they're making less. On the honest chain, they're getting the block reward and the fees, but you're saying they have to give up the fees in order to mine for the attacker. Don't bother saying the attacker will pay them even more without explaining where that money comes from and how much it will be. I'm interested in the scale of expenses you think the attacker is going to have to weather in order to continue this attack. Why would these rational actors accept less to mine for the attacker? They would not. And then there is the risk of losing it all. Remember that we both agreed that these blocks can be detected. Once detected, those block rewards become worthless as the honest chain rolls back the bad blocks and forks to the last honest block. Don't bother saying the attacker will sell all of their BTC without explaining why the big companies like $MARA holds more than 11k BTC on their balance sheet. Or if you do want to go that route, please explain why $MARA is not a rational actor. Why would a rational actor accept less per block and the risk that the honest chain will roll back their block rewards leaving them with nothing? They would not. I understand that your "I've been defeated" response in this argument has been to say "They'll just sell the hardware to the attacker at fire-sale prices" and I concede that this can happen. However, Bitcoin will just adapt their mining protocol in such a way that those ASICs are worthless. So in summary: You attacker has spent billions to slow down *but not stop* the BTC blockchain and drive down the value of ASICs only to prove that BTC cannot be stopped. You have created a fun thought experiment here, but there is no way this attack can succeed as you've laid it out.
The most sought-after Beanie Babies still sell for hundreds of thousands of dollars, just like many other vintage collectibles. Yes really. RIOT, MARA etc. had huge pops when the SVB and other banks collapsed. They pop, then drop when a bailout or some form of resolution occurs. Whether it makes sense or not (it doesn’t) they are being traded as a hedge against banking sector turbulence. https://www.coindesk.com/business/2023/03/13/bitcoin-miner-stocks-surge-amidst-banking-meltdown/ The percentage of trades that occur with an intermediary now, or security/portability…not my point. I’m talking about some kind of crisis scenario where these relative advantages become a potential factor.
Agreed, so BTC price goes up from less selling pressure. I'm guessing that in terms of the miner stock prices, that revenue will dry up until BTC price goes up. I'm wondering how a large holder type miner like MARA will fair compared to a miner that sells all they mine. Any difference? In general I've got a feeling that mining stocks are going to vastly under perform BTC until the parabolic fomo starts to kick back in.
Posted this for the other comment also because I'm interested in your specific feedback. --+ Well... These big miners have only been around at scale since around 2017 so there's not much "post havening" history. This is why I'm asking. Obviously revenue is gonna tank for everyone and selling pressure on the market will decrease so if the company holds BTC and the value of that BTC goes up then they may be good (MARA) but for revenue from selling only companies they may be in trouble.
Well... These big miners have only been around at scale since around 2017 so there's not much history. This is why I'm asking. Obviously revenue is gonna tank so if the company holds BTC andtge value of that BTC goes up then we may be good (MARA) but for revenue from selling only companies they may be in trouble.
Question... What's gonna happen to mining stocks like MARA, RIOT, after the havening? Do we expect them to tank and then rebound or will these companies just be fucked because the hash rate is so high now even if other miners leave the space correcting the difficulty.
If you have an employer match it’s free money and tax deductible…. Most 401ks offer an option to self invest like a regular brokerage, so if you want to be invested in BTC, you just load up on the miners (MARA, RIOT, BITF, HUT) and supporting players/funds like MSTR, COIN, GBTC, ETHE, GDLC….. Not perfect but if crypto rips all those go up for the ride and you can trade in and out freely without having to pay any taxes on gains as you trade… so you can build a pretty big stack over the decades and then withdraw during retirement.
If you’re thinking like BTC is an investment, and you want to earn more of those sweet-sweet dollar bills, then stick with GBTC, or MSTR, or MARA. You’ll have the liquidity & other protections that you’re accustomed to in the USD-based world. However, (if you don’t already know) I also encourage you to learn a bit more about why people are exchanging their USD for BTC and holding it in self-custody. - Executive order 6102 - wtfhappenedin1971.com With that said, to answer your questions: 1. The spread is big at exchanges that do not do a lot of volume. If you want a narrow spread, use Coinbase or Binance, or one of the other big exchanges. 2. BTC has less clarity around it than stocks, which is why I suggested a casual investor, who is only seeking alpha, might want to stick with BTC-focused stock equities. Once you learn more about how to hold BTC yourself, it is safer than owning stock or keeping money at the bank because you are responsible for securing your BTC with zero counter-party risks. Feel free to ask more questions & I’ll be sure to answer.
I'm heavily into MARA. They work a lot but I hate that they dilute shares... I kept adding/buying when I can in the last few months, it's starting to pay off. Could have sold the ones I bought long time ago at 75 but I didn't.... hindsight is 20/20.
tldr; Bitcoin has surged over 80% on a year-to-date basis since the start of 2023. Cryptocurrency stocks saw their share prices jump, too, since the underlying price of Bitcoin impacts their financial results. The biggest winner has been CIFR stock, which has seen share prices increase by a whopping 373%. It is followed by MARA, BTBT, and BIT *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
By buying stocks for MARA, RIOT and other miners you are directly helping those companies to raise capital, which in return they use to run their operation. Whats their operations again? Oh right - securing the network we all love. So while I agree with you that holding a stock holds infinite amounts of counter party risk in comparison to cold storage BTC itself - its not "nothing". It serves a purpose in the network we all love.
you checked correlation for today and made that conclusion on MARA? Why dont you check the correlation for the past 3mth/6mth/1 year data before drawing this conclusion? Sounds like pretty bad math or you got a bad agenda
I think someone yesterday was mentioning about mining stocks but I think getting straight BTC would be better as mining stocks don’t correlate the same way. They do have potentially a great upside but as you can see today MARA and MSTR are down around 5% and BtC is up 0.28% right now on the 24hr - according to coinmarketcap. That figure may not be completely accurate but it shows the correlation between actual BTC and mining stocks are kinda off.
**BTC flying overnight.. $MARA will be the big beneficiary today (and MARA's 45 Million shorts prob not happy)** **MARA should finally take off today.. Bitcoin broke out overnight & on the verge of a new YTD high (next resistance pt isn't until 31K.. MARA's equivalent target is $13.39). MARA should easily take $8.67 today & possibly $10.24)** HFs have been shorting MARA and BTC past few says to try and create the impression of a selloff. It did nit work and both are moving back up. If looking for a stock to play the btc rise... MARA is positioned to gain the most. After some speed bumps in 2022 related to moving facilities and some downtime for mining machines, and the drop in btc price- it has had a big turn around in 2023. MARA has a Rock Solid balance sheet: $500M in unrestricted cash. (vs $125M at the end of 2022) virtually no short term debt... and no long term debt due prior to 2026. MARA will turn profitable this year and by June/July, MARA is on schedule to produce over 2000 coins/month ...and at 30-40% lower production cost. That's over $60M/ month revenues (or close to 750M/year). (That's more than 5x 2022 total coins mined). ...and the turnaround is not priced in- which along with the run btc is on, has left Shorts in a bind that will soon squeeze as they start to cover their positions. And 45M shorts still have to cover (Plus likely another 5M from the past week or two.. as HFs have heavily shorted, esp the last several days- trying to stall the inevitable breakout). Available shares to short is drying up- there were 0 shares available several times the past week- so HFs are also racking up an enormous amount of FTDs. Pressure has been building for a month- and has built a solid based of longs who are holding tight.
All te influencers. Lol. Listen to me. Look at my ost history. This is the accumulation year. Buy now. DCA until halving. It’s very simple. Also if you’re looking a stocks, coin is not the stock you want. You want MARA and RIOT. I have 200K combined in both. You are lucky to be reading this!