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  #76  
Old February 19, 2021, 04:47 PM
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tonoy tonoy is offline
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Bitcoin is the better choice for value investor. But I’m perfectly happy with my miner stocks. Most of them grew well over 25% just this week alone. I was in on riot when it was trading under 10 dollars. I can see it going to 100 in the near future.
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  #77  
Old March 7, 2021, 12:07 PM
iDumb iDumb is offline
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Quote:
Originally Posted by tonoy
Bitcoin is the better choice for value investor. But I’m perfectly happy with my miner stocks. Most of them grew well over 25% just this week alone. I was in on riot when it was trading under 10 dollars. I can see it going to 100 in the near future.
It's funny to hear when someone mentions bitcoin as value play but I understand what u are saying. And the last few sessions in the market kinda proves why these miner stocks can easily get detached from the actual coin.

Also over long term let's say 4 years, they woulnd't be a superior investment because their revenue should go down. Miners sell their btc after mining - that's how they make money. With btc halving, meaning, less btc are rewarded per blocked mined, their future revenue is only bound to go down (even though it may be countered only by a rising btc price).

I just can't see it as a long term play. Short term hold - hell yeah... hold for 5 + years, I am not too sure.. Meanwhile I have set up auto purchase of weekly bitcoin as part of my portfolio just like I do with stocks.
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  #78  
Old March 9, 2021, 12:29 PM
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Quote:
Originally Posted by iDumb
It's funny to hear when someone mentions bitcoin as value play but I understand what u are saying. And the last few sessions in the market kinda proves why these miner stocks can easily get detached from the actual coin.

Also over long term let's say 4 years, they woulnd't be a superior investment because their revenue should go down. Miners sell their btc after mining - that's how they make money. With btc halving, meaning, less btc are rewarded per blocked mined, their future revenue is only bound to go down (even though it may be countered only by a rising btc price).

I just can't see it as a long term play. Short term hold - hell yeah... hold for 5 + years, I am not too sure.. Meanwhile I have set up auto purchase of weekly bitcoin as part of my portfolio just like I do with stocks.
Have to disagree there about miners needing to sell their bitcoins. In fact most miners are now holding their bitcoins. Even after every bitcoin is mined you’ll need the miners for the network. The idea is simple as mining gets harder, price of bitcoin will rise further which itself should make mining still profitable. 5+ year of being vested in miners might not be such a bad idea if you fundamentally think bitcoin price will keep going up.
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  #79  
Old March 9, 2021, 05:08 PM
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Quote:
Originally Posted by tonoy
Have to disagree there about miners needing to sell their bitcoins. In fact most miners are now holding their bitcoins. Even after every bitcoin is mined you’ll need the miners for the network. The idea is simple as mining gets harder, price of bitcoin will rise further which itself should make mining still profitable. 5+ year of being vested in miners might not be such a bad idea if you fundamentally think bitcoin price will keep going up.
Can you back up this claim that miners are not selling their mined bitcoin for revenue? So how are they making money? What percentage of revenue do they make via network fees as opposed to selling coins in open market? If they keep majority of their mined coin, then i will buy your argument that it can be a good loong term investment.

With rising btc price, the miners will still be profitable, that is not the argument -ratheer whether their stock price can be justified by the margin of their profit.

Holding the coin itself - u worry about nothing else but supply and demand for the coin. For RIOT, it's a company that you have to evaluate just like any other publically traded company on the planet.

For context:
Btc gained 14,000 % last 5 years.
Riot gained 1,900 % in that time frame.

that is a big disconnect eventhough the direction maybe the same.

Boviously going forward the rate of return won't be like this. BTC will eventually flat out and stablizine at certain level. With each halving, the mining cost would just keep rising and eventually will falter at some time in future. There will be an inflection point where the miner will be at maximum profit margin for btc mining... only thing is companies will eventually venture to other currencies as this simple fact about btc is realized.

Good luck. And I own both. And i have significantly upped my crypto hold. But i don't worry about btc or eth. But riot, I went in and out atleast 5x last month.
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  #80  
Old March 13, 2021, 04:16 PM
iDumb iDumb is offline
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Currently priced at just above 60k. What a run. So who is rich yet ? Where is zman already retired ? Where is sportingbd? Still saving his cash for a market crash ? Where is that australian kid who buys like a 90 year old retirees but balls himself gman?

Come out and give us updates .. muhahaha.
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