WGMI
Valkyrie Bitcoin Miners ETF
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NFA, I'm damn near ⛽ WGMI 🚀 : Gambling on Appproval of Spot Bitcoin ETFs end of Jan24; WGMI being a front runner and posing ~25-50% upside
Imagine being a scrub and only having $200 to gamble on WGMI
Bitcoin mining stocks rally as BTC holds above $30K despite looming halving concerns
Top-performing stocks of the top ETF of 1H
Reports of my death were not greatly exaggerated. Lost over a million dollars at 22 years old.
RIOT ($RIOT) stock price analysis; how are BTC mining companies doing?
Decentralized Money is Unlikely to Survive the Winter.
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This will be a very unpopular reply in here, but if you want a high growth ETF, then I would pick WGMI. It holds all of the bitcoin miners that are transitioning to HPC/AI infrastructure. This market will be huge. There will be way more demand than there is supply. AI is not a bubble. Look at Google’s $40B investment in Texas. IREN and CIFR already have multibillion $ deals with hyper scalers. I believe this will outperform any of the indexes over the next ten years.
Can check out the ETF WGMI. Top 3 holdings are IREN, CIFR and BITF
I own VGT, SMH, and added IGM and SMHX as extras. VGT and SMH (which is just semiconductors) serve well. I wanted also to grab some of the rapid AI data center buildouts happening and grabbed a crypto miner ETF because many miners are expanding into AI data centers. I landed on etf WGMI. (I wouldn't otherwise buy the miners unless i wanted an indirect bitcoin investment because before they expanded to data centers, the miners stock price just rose and fell ( a lot!) with crypto- their only value really was the value of the crypto they were mining. All of these have really rallied this year. I wouldn’t consider that typical
What we buying? IREN/WGMI anyone?
They have all done well, like other similar companies, but I'd hate to try and stock pick from among the choices. They are all getting obliterated today, so you'd have to be able to handle that. Take a look at the WGMI etf. It's top 5 holdings include BITF and HIVE, as well as IREN, CIFR and RIOT. You could spread your bet over the whole "bitcoin miner transitioning to standard datacenter" industry which is bound to be a winner over the years, even if a rocky ride at times.
I realize now I cut off the ticker symbol. WGMI
They call this the wall of worry. Climb dat shit like Stallone in Cliffhanger. WGMI
WGMI > MSTR and leveraged MSTR imho
SPY 490 0DTE this morning gonna print WGMI boys
Bitcoin Miners. He's focused on "mining all the bitcoin in the USA" so he needs tremendous amounts of energy for that. So watch out for incentives for mining Bitcoin in the USA. Go WGMI (bitcoin miner ETF) 
Move it into btc miners. $HIVE $CAN $BTBT $MARA $IREN etc or just good old $WGMI. They are all about to 5X
I’ve got a non tax anything group of accounts. A couple of years ago we sold our home at a time that was perfect for taking out a new mortgage. Anyways that group is spread out across many many different ticker symbols and equities , two of these accounts are managed by “professionals” and are following an all-cap growth strategy. They’ve turned 250k into 350k in a few years - not terribly difficult to do or impressive. There’s another unmanaged account where I keep five figures in VMFXX and buy up sector ETFs non standard non correlated equities FBTC IAU DAPP WGMI and others, it’s a sector thing or what the ETF is mostly comprised of. Please understand my risk tolerance is exponential or non existent, depending on your yardstick Robinhood is all throwaway money around ~20k seven equities interest me there enough to own them at the moment. I take profits from RH usually and move it away from there. An example would be the day the SEC sued Coinbase RH was the platform where I bought COIN @ 42 and turned around and sold it in the same year around 100. Hyuuuge mistake but anyways I’m not going to detail my crypto position but it’s much larger than it should be because that’s how I paid of the first house selling BTC at an average price of $13,400 after waiting many years. Currently looking for the top of my third BTC cycle. I got back in this time around 16k. Most of my current position was formed around 2018 when I paid off our previous home. Reselling the home let me diversify heavily while carrying the new mortgage I have a 401k but the equity I’m allowed to buy is limited so I just have it split equally across 5 growth funds- not all in America. It’s probably right at the 100k threshold but I don’t check it I have cars and real estate tucked away for a rainy day but this is usually a long term way to take profits If any of this is useful for perspective I’ll be 45 in January. Current liquid portfolio is around 700 bands I think that’s what the kids call $1000 these days I’m not a Trump supporter and I’m pretty sure he will fuck up the economy just like he did the last time he was fuck-up in chief. I don’t care what he shills or grifts; I didn’t vote for that idiot. Look where my money came from and I still don’t support him. I can’t support a scammer. I have a wild hair to liquidate everything and ride out the next four years in crypto land but I’d prefer the year to change first. I could have and would have made more profit at this point in life by trusting myself and by never touching a stock market. That’s one perspective. None of this is finance or political advice and the market can remain irrational longer than I can remain solvent.
They are great until they are not. If the bitcoin cycle continues (barring recession), then we have another year of number go up with Bitcoin. The miners will have leverage to the Bitcoin price. However, when, not if, the Bitcoin price drops, they will fall harder. Thats the simple version for a Bitcoin halving year where it peaks around November/December and then pulls back to a new cycle low the following November/December. There are other dynamics in play on other years. Bitcoin has not really been through a recession so we don't have data on how that would affect the cycle. Of the miners, MARA, the largest, has begun to employ the MSTR strategy as a Bitcoin treasury. Others, like IREN are looking at hosting AI compute, so there some nuances to the sector. WGMI is a nice miner ETF.
Why do miners correlate so poorly with BTC price? I know in the long run they diluted shares etc, but even in this latest bull run their performance was relatively poor. Take the miner etf WGMI for example. It peaked on 11 Nov at \~$30 and BTC had just broken $80k then. But BTC is close to $100k now and its only at $27.70?
Thanks for the post - I’ve been reading up on MARA, interesting to know their strategy being closer to MSTR than actually scaling mining and data center capacity. What are some top WGMI names that you think are better, that I should look up? Thanks
Agreed. Bought on promise of crypto dereg. Also bought WGMI and it is crashing (down 13%). ugh HYPE
WGMI is a good pure play Bitcoin miner ETF. BKCH, BITQ, and FDIG also give good miner exposure along with bigger Coinbase and MSTR positions. I think the miners have the most upside convexity from here. Although I will admit I've been surprised by MSTR continuing to widen it's NAV.
i don't think they are bad picks, i just don't have the same level of confidence in any one of them as i do in the underlying asset (Bitcoin) or the company essentially leveraging it (MSTR). for so many reasons, a mining company could fail or go under or underperform for reasons unrelated to bitcion. MSTR could too, but seems less likely. to me the safest miner play is WGMI - a miner ETF - but i just prefer a simple BTC/MSTR approach.
There are much better names than MARA. They and RIOT got a head start because they were already publicly listed when they pivoted from a patent troll company. But it's kind of allowed them to be shitty operators and it's showing in their performance updates. I actually think that's why they're buying BTC itself and running the MSTR playbook instead of just growing their mining. I prefer many other top names in WGMI as they have better execution, management, AI potential, and hashrate for the price. Some of them will be bigger than MARA in the next year or two.
Marathon is the shittiest miner of the bunch. They're only large because they were a previously listed public company and had access to lots of capital and liquidity. Strategy wise they're a shitshow, though. Low quality data centers, poor execution, heavy dilution, etc. You need to analyze mining efficiency, hashrate growth, ability to hit targets, power/land assets, etc. If you don't want to do individual research then much better to buy the WGMI ETF which has an intelligent allocation to the miners based on these factors. The top holdings are about what I would personally choose.
Why not use martingale on a bitcoin mining etf like WGMI. Bitcoin will not cease to exist in next 2 years. They must have Bitcoin miners? Do martingale in etf WGMI in this early stage bitcoin bull market? Should work hundreds of times better and safer than roulette? If you can double your investment down to absurd low levels so extremely to ever be hit you should not lose and miners can go extremely high? You have to be ok mentally say you have 1 million dollars you may temporarily be down 100's of thousands again almost guaranteed win if ok with that when ever the pump happens to come?
Bitcoin miners. Now before r/investing freaks the fuck out because I mentioned Bitcoin let's keep in mind these players have been gobbling up cheap energy for years already and have power agreements at rock bottom prices. They already have datacenters operating, and can just unplug the BTC miners and plug in servers for AI purposes. A good ETF to play this would be WGMI since the top BTC miners are represented here. I do think we see significant M&A activity with some of the smaller publicly traded miners being bought by big tech firms seeking cheap power.
ALL MINERS ARE DOWN Cryptocurrency exchange Coinbase Global, Inc. (NASDAQ:COIN): down 21% [from March 27] Crypto-specific venture capital investment firm Galaxy Digital Holdings Ltd. (OTC:BRPHF): down 26% [from March 26] MicroStrategy, Inc. (NASDAQ:MSTR), which has substantial holdings of Bitcoin: down 33% [from March 27] Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI): down 41% [from Dec. 27] Bitcoin miners Marathon Digital Holdings, Inc. (NASDAQ:MARA) (down 55% from Dec. end), Bitfarms Ltd. (NASDAQ:BITF) (down 56% from Feb. 27) and HIVE Digital Technologies Ltd. (NASDAQ:HIVE) (down over 50% from Dec. 27)
If BitcoinETFs are really going to send #Bitcoin to $100K or higher, why are all the Bitcoin related equities in bear markets? For example, $COIN is down 21%, $GLXY is down 26%, $MSTR down is 33%, $WGMI is down 41%, $MARA is down 55%, $BITF is down 56%, and $HIVE is down 61%.
Dearest brothers and sisters of Wallstreetbets. We have survived the two week winter of our discontent. Inflation means nothing against the strength and vigor of Bidenomics. WGMI. Calls and balls. #FIST ON CHEST NO FEAR CAWKSUCKAS
The next few months are gonna be brutal for bitcoin miners, as unlike previous runs bitcoins market cap is already high, at 72k its 1.4 trillion. Their just isn't as much juice to make it run as other runs, so the profit margins have been continuously shrinking and this bull run its quite low. Many won't even break even The only way they keep running is through more dilutions which wall street doesn't like. But they keep getting away as over enthusiastic investors keep investing in mining stocks and taking that dilution for generating that extra alpha relative to just investing in bitcoin . This bull run however investors and wallstretet got tired of endless dilution , and now its reflected in the stock price The interesting thing is however even the few miners that did not dilute ended up performing just as poorly as miners that did dilute, showing that wallsttreet and retail as a whole is largely not confident in this sector the WGMI bitcoin miner index unperformed bitcoin since its January 2023 low,.
https://preview.redd.it/5in3omfrl3rc1.jpeg?width=1170&format=pjpg&auto=webp&s=8c05830d0a7b67ecea99e6bc39724c4fbaf5c28d **Bitcoin Breakout is closing in quickly. 2nd attempt is looking more solid and widespread (than yesterday's 1st attempt). For individual BTC stocks .. btc miner MARA is set for a sizeable squeeze/ rebound... and for a bit smaller miner, WULF is as well. For a mining ETF, check out WGMI** BTC headlines are making a sudden shift from Semi Bearish/neutral.. to very Bullish.. a sudden shift in headline sentiment has always been the best sign of a big Breakout incoming (I post the same type image on Feb 4 and March 19)
https://preview.redd.it/cpjkmoz1rhqc1.jpeg?width=1170&format=pjpg&auto=webp&s=acddb2aba5d55b5078122dd4cc299ab8192c75e0 **Bitcoin is moving... Now $5Billion worth of shorts have to cover (most are between 69/75K** If you don't do BTC.. but want to play the move up.. BTC miners are also about to move after being heavily shorted the past month. **If you go the miner route.. WGMI is the 2x leveraged miner ETF. For individual miners.. WULF and MARA have the most upside (highest short float** But any of the miners will get a big bounce: WULF, MARA, BITF, BTBT, CLSK, RIOT, CIPH, HUT, IREN, etc)
Don't forget about BITX. WGMI, BKCH. Or puts on BITI.
https://preview.redd.it/hhm7dmjdbkpc1.jpeg?width=1170&format=pjpg&auto=webp&s=ee5e1546032959b9bff36c54198e7d365e34acab BTC & BTC miners (Miners have been heavy manipulated for 3 weeks .. the pop today was the very beginning of the rebound.. most have 50% upside just to catch up .. esp MARA & WULF .. the two that have had the highest short float % the past several months (WULF has the highest short interest.. and most rebound upside.. but all miners have been under short attack the past several weeks - (and a lot of misinformation spread by shorts/ bears) so will have a nice rebound. Also- WGMI is a a good leveraged miner EFT.
28k is the post halving break even price. Lot better position then the general industry average of 45k post halving. And their HODL is close to number 2 . Mara just is way ahead of the pack with 17k bitcoin so it can't really catch up. But they beat them by efficiency which will matter. As a mara investor I actually think clean spark is far better run. They just don't have first mover advantage . The only downside is compared to other miners, clean spark diluted a lot more. Everyone shits on mara and riot for diluting but both of them did no more then 110-120% dilution, which was the normal range for miners . Clean spark did 230% , and plans on expanding to like double its mining hash rate, so more dilution might be in play. https://preview.redd.it/yun8q9k5wbpc1.png?width=2074&format=png&auto=webp&s=06344d5859a62947bf4b390ca29b62da3ab8430d The least diluted miners are Hive and Cipher, but its not like their stocks did better. The figure of -77% dilution on hive btw is not accurate. They just did not dilute, but as a result their not mining as much compared to the industry leaders. So not expanding enough has its disadvantages also. And also the miners that don't dilute don't hold much bitcoin as their basically selling it every month. Some investors seem to want the miners to do a HODL of their bitcoin. So it goes both ways. Overall miners have not done well since the etf launched regardless of their dilution or bitcoin they hold, or bitcoin production. The whole sector has tremendous uncertainty, and hedge funds are capitalizing on it by shorting it successfully so far. But they outperformed by a factor of x3.5 during January to July 2023, see the WGMI bitcoin miner etf . Low price January 2023 for the etf was 4$, and high July 2023 was 19.62$, the bitcoin price was roughly 30K. Based on that price action it should be at 67k , so 15k to 67k is a 330% increase , 3.3\*3.5=11.55, so 1150% rally in WGMI was expected, or WGMI at like 50$ based on current prices assuming low of 4$. At 100k that would be a bitcoin rally of 15.4k to 100k, or 550%. 550%\*3.5=1925%, so from 4$ to 84$ you get a 1925% increase . WGMI is currently 15.23$, below its July 2023 low where bitcoin peaked at 30k .
https://preview.redd.it/cfk5z3rs09oc1.jpeg?width=1170&format=pjpg&auto=webp&s=1f44b17f9ce6d86dfa5924cb2212f7d6b05de807 **Moves Tmrw** BTC Miners will begin to squeeze (MARA & WULF have the most upside/ large short interest.. or Miner ETF: WGMI has been heavily shorted past weeks & reverse began yesterday). Also- China tickers ready to reverse.. check out YINN etfs chart.. primed to bounce (YINN is a 3x leveraged china etc.. with the Big 4 being the main individual holdings). **But also watching closely.. was the Fisker Innuendo story & the Fact that the, so far, largest amount of FTDs due tmrw .. and complete coincidence** ?? not to mention that Institutional shorts dropped a large Short spike at the same time, that matches their spike dropped in unison if earnings release couple weeks ago **bit of background** I will be interesting to see if Fisker actually files for Bankruptcy protection.. or if this turns out to be that "prepares for bankruptcy filing" is a regulatory type disclaimer similar to "going concern" required statements. If anyone was with Tesla or Nio during early days- they may be able to provide sone color on the subject- and whether or not such requirements were ever hijacked in an attempt to manipulate stock price. I am not overly skeptical by nature.. and certainly not a conspiracy theorist.. and i know that Fisker truly filing for bankruptcy would obviously not be a complete shock (even if i think it is surprising at this stage). But the entire progression of steps by whichever institution(s) are behind the massive shorting the past several months.. seems very in line with a tactic like misleading bankruptcy innuendo. (Occasionally ppl say it doesn't have to be institutions shorting... which is incorrect. It does have to be institutions based of the huge number of FTDs, only applicable to institutional shorts). **Institutional shorts game plan (which should be illegal.. and if it already is, short be strictly enforced** Institutional shorts goal is to force price below $1.. in hopes that "reverse split" talks will cause longs to sell and keep buyers away.. and naturally sink price lower- to a point where reverse split seems like the only option. lowering the price from $5 to below $1 itself makes it harder for the company to naturally raise capital (a very normal practice early on in capital intensive initial stages). And forces 5x more dilution if there is an offering. This is exacerbated further with price below $1 and certainly if a reverse split. Consider a typical $100m offering at $0.50 .. would be $1Billion if institutional shorts had not taken the price down the prior 4 months. Additionally, all of those naked short trades used to lower price.. then only cost 1/10th the price to cover the FTDs after the drop. (and if they can force a bankruptcy- never have to be accounted for (so able to arbitrarily, unilaterally able to tank price at little to no cost due to MM related loopholes and exceptions. Another tactic to pay for the whole tanking process- the MM will issue new option prices on the way down- which then get effectively wiped out by reverse splits. Fisker has thus far been smart thus far, in not playing into the Institutional short playbook... and longs have largely held & even bought the dips.. which stalled price around 0.80 which isn't low enough to trigger company to automatically pivot to reverse split, given the 6month extension allowed. So the response by institutional shorts was to short spike (again with naked positions) the price down to 0.50. But again- Fisker avoided reverse split and also was seeking a partnership (to sure up financial longevity.. but equally to quell bankruptcy fears, which would allow a completely different valuation metric & send price back over $1). And again- as seen the past several days.. and especially today, buyer were coming back in. (and shorts are running out if time due to recent FTDs coming due), ... so was the next logical step in the playbook.. to leak rumors of (required precautionary) bankruptcy pre-planning.. in a way that insinuated actual imminent bankruptcy filing? (that is my biggest question.. and certainly seems just as logical as a bankruptcy filing being imminent).
https://preview.redd.it/pgy5tk3r5wnc1.jpeg?width=769&format=pjpg&auto=webp&s=b53fbb4a8c5bc677780cd8fb0e8e46c93e43fbc5 MARA squeeze ...will begin to heat up today after being shorted from $25 to 20 yesterday.. despite a big breakout for bTC. And based on end of Dec peak as a base point for comparison.. MARA should currently be $48-50 (based on BTC 72k).. had it not been heavily shorted . So huge run back to level .. and will happen quickly once critical mass of momentum is reached. When MARA was setting up the move to 40+.. institutional shorts jumped in an brought price to the current price of $20 (and how do you know this was institutional shorting... by the FTDs (naked short trades now coming due).. only possible by MMs or HFs associated with MMs. The silver lining... shorting price 60% lower... or keeping price 60% lower (50 vs 20)... sets up a quick 150% retracement/ rebound to its bTC based price. **WGMI - the BTC miner etf being used by an institutional firm to short miners should begin squeezing today as well (and in concert with MARA)... check it out if you prefer ETFs**
https://preview.redd.it/yx04on243wnc1.jpeg?width=1170&format=pjpg&auto=webp&s=963d51542edb32f4267fcef4d0676a5d5d470e14 I know this is stating the obvious.. but since some are giving partial info to insinuate incorrect conclusions. .. the example below applies to all miners- not just MARA, which happens to be used in the example. Move for today $WGMI (BTC mining ETF, institutional shorts have been using the past several weeks to short miners.. despite 2 breaks during that period and 2Ok price increase. But now sets up a 100-150% move higher just to get to a correct current BTC adjusted price.
https://preview.redd.it/brldxkizgrnc1.jpeg?width=1110&format=pjpg&auto=webp&s=8e82ef8fb2d0e4fe90eccb30eca813bd4851901a **WGMI (BTC Mining ETC) has been heavily manipulated/ Shorted .. (it was down 10% today despite BTC up over 5%.. which means it should have been up 10%, as Miners follow BTC by 2X. So today alone it had a 20% disconnect. but it just bottomed (after completing a H&S) and is now starting the final leg of the bull flag back up.. and into the breakout. Has a least 50% upside in the immediate term**
https://preview.redd.it/aqrh6p898rnc1.jpeg?width=1170&format=pjpg&auto=webp&s=91106d006706ffca0ac18961160e3b87af9d29f0 **BTC miners on the immediate verge of a rebound short squeeze** The Bitcoin mining ETF appears to confirm the Squeeze/ rebound about to hit miners. miners have been heavily manipulated the past week..Today alone BTC is up 6% .. so miners should be up on average 12% (they track BTC by 2x).. and instead WGMI is down 6%
Absolutely -MARA should currently be $45+ and is on the verge of a squeeze type rebound. **I post this in thread above.. before seeing the MARA thread** https://preview.redd.it/qnwcwk7kwqnc1.jpeg?width=920&format=pjpg&auto=webp&s=2fc6a8e2a6a3ed3112aee559e73ea2c4e6be4e93 Bitcoin miners are on the verge of an average 50% initial move up (squeeze/rebound) . Based on WGMI miner ETF (so some miners will be smaller than 50% / some below). Then based on current valuations and short interest numbers .. the move will continue higher after that initial 50% breakout squeeze. WGMI is a good way to invest in the miner bounce broadly. All of the BTC miners Should be up a lot today- as an immediate result of Institutional shorts- shorting the last breakout throughout last week.. So now they have 2 breakouts not factored in.. and miners move 2x that if BTC. on top of that- MARA & WULF have the largest short floats (others have significant % as well)... despite MARA being the larger miner & WULF being one of the 2 lowest cost of production in 2023 (energy cost per BTC below 10k) & 95% carbon neutral **How did short's get caught upside down in miners.** ...partially resulting from MM shorting BTC as it started to rise .. on the assurance from "experts" that there would be one more significant dip back to the 30ks (turns out- The game changing effect of ETF inflows on the Supply/demand balance was not factored in to those pre-etf prediction models!) .. this is also what left some egg on the face of Cramer- who for a couple of days touted that a leading industry expert told him BTC was absolutely about to dip back to the 30ks.
https://preview.redd.it/kcffem7vuqnc1.jpeg?width=1116&format=pjpg&auto=webp&s=cc3e627bd3694547a7bda7509aa10a3e93b9d9ff Bitcoin miners are on the verge of an average 50% initial move up (squeeze/rebound) . Based on WGMI miner ETF (so some miners will be smaller than 50% / some below). Then based on current valuations and short interest numbers .. the move will continue higher after that initial 50% breakout squeeze. WGMI is a good way to invest in the miner bounce broadly. All of the BTC miners Should be up a lot today- as an immediate result of Institutional shorts- shorting the last breakout throughout last week.. So now they have 2 breakouts not factored in.. and miners move 2x that if BTC. on top of that- MARA & WULF have the largest short floats (others have significant % as well)... despite MARA being the larger miner & WULF being one of the 2 lowest cost of production in 2023 (energy cost per BTC below 10k) & 95% carbon neutral **How did short's get caught upside down in miners.** ...partially resulting from MM shorting BTC as it started to rise .. on the assurance from "experts" that there would be one more significant dip back to the 30ks (turns out- The game changing effect of ETF inflows on the Supply/demand balance was not factored in to those pre-etf prediction models!) .. this is also what left some egg on the face of Cramer- who for a couple of days touted that a leading industry expert told him BTC was absolutely about to dip back to the 30ks.
WGMI, Valkyrie Bitcoin Miners ETF. +124% the past year, +9% year to date.
Hell yeah! I’m still kicking myself for a month ago. Was up a TON on Mara, WGMI and other BtC stuff, didn’t sell, had to settle for like -150$ When I was up 6k lol I also had PTN at 1.95 a share, had 1500 shares watched it go up 40-50%, didnt sell and it all came back down lol I cashed out scared and walked away like 100$ up 🤣🤣🤣
Yeah I literally made like 5k on WGMI and Mara, and some other miners off and on.. Watched it all go to a little red. Think I ended like 100$ down in total LOL
I just dropped my 100 shares mara and 100 shares WGMI, and bought more of black rocks ETF. I was up a ton a few weeks ago -58%, held like a dumbass and now down -10% overall with crypto. Moved it over to IBIT, and will hold that for a long while, probably end of this year. Gotta learn to profit take, but that’s alright you win some you lose some. Also why you diversified ya portfolio ;)
Ok but what about bitcoin miner etfs like WGMI
No comment on whether this sector is a good idea or not, but also take a look at WGMI. WGMI much better for the past year; FDIG better the past six months.
I would do more total body of bitcoin DD into the halving and the outlook on bitcoin minus the ETF approval. Either way you should be in good shape. ETF does gain approval, you’ll be in even better shape. The reason I’m so heavily invested is because of the upcoming halving, but I’m spread too. I have MARA, RIOT, HUT, MIGI, WULF, WGMI, SDIG, along with BITO.
DCA into VOO, but SCHD, and if you want risk DCA into both TQQQ hedged with TMF which should both do nicely as interest rates rise. A good ratio might be 4:2:1:1 between those 4. I’d maybe set aside 10 percent to swing trade bitcoin miners through WGMI which was up for me like 70 percent last year (should rise if spot bitcoin is approved but I understand this isn’t for everyone as it is pretty speculative). You could move it into the bitcoin etf itself since it only stand to gain from the halvening, unlike WGMI.
Perhaps it makes sense to pick up an ETF like WGMI if you're bullish?
I also have 100 shares of WGMI which is a miner etf. Will also be putting 3-5k on Blackrock etf when it’s approved.
I’m all in on them and the mining etf WGMI.
Yes WGMI is a great buy instead of buying a bunch of different mining companies. I’ve been holding WULF for two months now. They are my last small company position that hasn’t turned over the expected bump just yet. HUT and RIOT are still good buys, but I’ve already seen MARA just blow past everyone. Why once I rode the smaller company stocks up I bought them with the elevated bank. If I was firmly going to suggest any it would be MARA. I know it’s not a penny stock, but out of everything long game will just continue to make money.
Got me interested in WGMI now
Interesting. Regardless of that ETF tho, WGMI is still considered to be a nice buy right? since the halving is coming up. Are you personally in WULF?
WGMI is an ETF that holds mostly the smaller mining companies and its up 95% (ETFs don’t soar like the outside of first issue) the last month. MARA which is the biggest company is up 137% the last month. RIOT (now 50% owned by vanguard) up 51% the past month. Meanwhile Bitcoin is only up 16%. MARA long term will be the winner of all of this as it’s raised close to $200 million to buy up smaller companies at the halving. The ETF is going to happen. News outlets are leaking the information. Heck ARK 21 shares has been advertising it on here for a couple of weeks now. There has been billions of dollars invested by the two companies that basically set and make the market. BITCOIN is being and has been manipulated while they (Blackrock, Vanguard, Fadelity, etc…) are buying up the mining companies at value prices while they keep bitcoin under 45k. Should be 48k by now just based on trend. I’ve rode a lot of the smaller mining companies up 70-115% to sell and dump it into MARA while it was still around $17-18 (now $27) a share and WGMI at around $14 a share (now pushing $20). Needless to say I’m all in on them, and honestly I’ve never felt more secure in holding a position outside of SCHD, lol. I really do feel like my chips are on something that is going to 4-7x in the next few months. To the point I’ve almost thought about getting out of bitcoin all together to just buy the mining stocks. Bitcoin might double or triple in value while the mining companies go 4-10x. WULF is the only company that hasn’t had its huge leap yet.
I’m all in on MARA, RIOT, HUT, and WGMI. The bitcoin ETF is going to completely change everything and these mining companies are sky rocketing while bitcoin just floats. Heck RIOT is now 50% owned by vanguard at this point. Yes, it’s being manipulated. That’s being done so that the market makes can buy as much of the mining companies and bitcoin as possible before it gets exposed to 80% of the world’s wealth that couldn’t go into crypto before.
If you don’t want to play the individual stocks WGMI is an ETF with awesome holdings in them. Have 100 shares of that too.
Imagine not buying WGMI in the new bull run
I like WGMI. It’s market cap weighted for all the miners.
If anyone is interested I did some due diligence on WGMI Valkyrie bitcoin miners ETF https://www.reddit.com/r/Radio_chemistry/comments/156zy0d/due_diligence_valkyrie_bitcoin_miners_etf_wgmi/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1
who else holding those CCL calls???? WGMI?????
whose else holding them CCL calls????? WGMI?
> exposure to bitcoin over the long term, without the hassle of actually holding bitcoin Look into etfs like WGMI. Up 123% ytd, down 7% the past month. "will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining."
at one point in my life....i was 50k in credit card debt and also had a car payment loan and personal loan.......WGMI one day
Thank you for sharing your story.... I can relate to much of it...... Margin and expensive calls during the past two years took most of the money I had and made during the bull market....spend way too much time at my desk.... Good luck and God Bless WGMI
Universal law says it don’t doesn’t count if you close your eyes 🥴 WGMI
Crypto Midnight Massacre... Puts on COIN/HOOD/WGMI/MARA and some other shit.
It's only worth a short term play as the penny stock op is playing went bankrupt a few months ago since many over leveraged bitcoin mining companies got rekt by the roughly 77% fall in. Bitcoin prices from 67k to 16k. Considering the Nasdaq can go a lot lower like the dotcom bubble crash March 2000-October 2002( tho one could also say march 2003 if you use the sp500 and European indexes ). I feel this recession can last a lot longer with high inflation challenges continuing and the low rate era not coming for a while. So thus a good short term play but difficult to justify holding it long term . It's better to play some solvent bitcoin mining company in that case like riot or mana . Their also is a bitcoin mining etf with ticker WGMI.
Lol i have probably lost my life savings about 4 times now, im 28. Good luck boy, WGMI.
The guy is paying 60% of his income on rent. WGMI anyway
WGMI... R-right fellow regard... R-right?
Ticker: WGMI No, really. This should be what you guys buy
I'm getting rich in this bear market. Short bounces for next 12 months Powell hiking 100 bps on Wednesday. SHORT EVERYTHING to 0 WGMI
Don’t worry boys, WGMI, this retard drew an arrow saying so
Lol I needed a good laugh after losing money today Cheers mate, WGMI 🍻
Jpeg traders: "WGMI LFG🚀🚀🚀" Wsbers: "fuck i'm regarded"
In the shadow my original self I say WGMI!
GME TO MOON ALL APE BROTHER TIME TO BUY 3/25 100$ call WGMI
WGMI ETF for miners, not direct holding corn "We're gonna make it" is not confidence inspiring for corn and corn-spawn