Mining
Bitcoin Mining Stocks – Time To Give Up And Move On?
Bitcoin Mining Stocks – Time To Give Up And Move On?
#Bitcoin #Mining #Stocks #Time #Give #Move
“RexFinance”
Bitcoin mining stocks like CLSK, MARA, RIOT, BITF, and others have significantly underperformed Bitcoin (which is up 50% year-to-date). Is it time to rethink this investment?
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What are your thoughts on Bitcoin mining stocks right now? 🤔
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Kind of a strange video. I can sum it up with the following;” bitcoin mining stocks are risky but if you believe in bitcoin, you should hold, the end”😂
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading…managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months… I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
It's time to go LONG 👍
Although bitfarms is selling its btc it is holding call options to capture tge upside in case it moved up. It is debt free as well. The only thing about buying btc vs miners is you lose the ability to sell options which increases return.
Marathon just joined the Small Cap S&P 600
Lies BITF is also a pure bitcoin play
Bro just go buy TSLA and wait for robotaxis to come out in 2030
Mara to the s and p..???
Time to? Change ? Title to Video?
Just wait for a year bitcoin will go up then sell again. So this the best time to buy miners while thet are still cheap, after it x10, sell dont be greedy.
That is why miners is not a long term holding, after the bull run next year, sell everything and wait again for the next halving.
Hi rex. Thx for the video. Your $ value for btc at 59k is 15k less than it was 1 month ago. So basically the market cap total value would be fine if if btc was at 74K. The issue I have is the market tends to be forward looking. Why would anyone buy "at value" ??? Also btc moves on catalysts. The miners became overvalued only during the run up to the etfs. Then they got shorted back down. So basically it's a coin flip.
Here’s my problem with this video, two weeks ago you put out a video about how sediment was so bad on bitcoin minors a.k.a. Clean spark now here you are, the price is about the same for the stock and you’re telling me people are way too greedy… come on Rex
I’ve have 160k eggs in CLSK since low 4’s last Sept and will continue that way till $100
Maybe you could Talk about Square (SQ) and Jack Dorsey also promoting bitcoin positively even today he was is. Thanks.
Bitf has 3-1 cash to debt. This last month they paid all expenses and still held around 50. Some prudent miners will make money.
I swing them. And am up a lot this year. In saying that this recent pullback has taken a lot of gains. I keep adding
I unsubscribed because you don't have a clue on what you're saying.
Bitfarms is a pure play
Good report! 👍
You keep me in the game, Rex!! Thank you for the pep talk! 😂😉
R u saying y don't think clsk will get to 22-25 soon? Eh
I was lucky to sell all my HUT 8 early in 2023 and converted to CLSK just before their crazy run higher from 2023 to Jan 2024. Then sold all of my CLSK and converted to MSTR before MSTR crazy run to $2,000 this year. Sold them @ $1,800 and converted BACK to CLSK and now that's where I am.
Made a KILLING but now I'm thinking about switching BACK to MSTR now that it is around $1,200/share.
Investors and traders are not one the same, conviction be the key.
Did you include the BTC they already hold on their balance sheets?
very good video sir!
Wrong BITF are bitcoin only
You clearly dont realise the money involved in HPC
Up 200% on clsk 3500 shares
Up 30% BITF 30250 shares
Down 17% IREN 15500 shares
Just need a 4-6x on all these and I'm out
Im
Interesting market sentiment model. I think has some strong limitations though. I get that you only want to account for “facts” but market sentiment is not based on “facts”.
For example, you stated that you believe market share of public BTC mining companies will move towards ~50% over the coming years and decades. Yet your model only accounts for the CURRENT 21%. How do you know that the market as a whole doesn’t expect an increase in market share, just like you do?
I would assume that more and more market participant are starting to realize & understand that BTC mining is moving towards the public market domain.
For this model to be somewhat accurate in telling SENTIMENt, you would need to use market share EXPECTATIONS. I would be that these expectations are on a strong increase as people get more educated about this space. 2 years ago expectations could have been that public miners will account for 15-20% of the total mining space by 2140, today these expectations could be at 20-30%. This would change your “sentiment” output variable tremendously.
It also doesn’t seem to account at all for mining revenue coming from transaction fees, which is a significant factor.
I think sentiment should be tracked based on social data like comments on X or YT, engagement ratios, etc
I generally think your videos contain valuable information… this one, not so much.
No one investing in Bitcoin Miners is doing so because of the current price of Bitcoin. It’s all based on the belief that Bitcoin’s price will be much higher in the future. Perhaps an analysis on why or how that can become a reality or not would be more beneficial.
Your current analysis based on current price is a real waste of time for anyone interested in investing in Miners.
Miner stocks are dead money right now. I'm in other plays
CLSK had the foresight to sell the btc they had accumulated around the top of the last cycle. Mara just sat on their btc and saw it drop from $69k to $15.5k. As a result, Mara has had to dilute significantly more than the other tier one miners this cycle. And around 25% of Mara's SP is based on their unnecessarily huge HODL. Clsk has a HODL of over 5,700 btc and only around 10% of their SP is based on their btc HODL. The other 90% is based on the fact that clsk is the most energy efficient tier 1 miner by far. In March, clsk had an up-time of 96% at an EH/s rate of 17; Mara had an up-time of only 63% from their EH/s rate of 27. And clsk mined more btc than Mara in March. In fact, Mara actually had to buy some btc so that, at a glance, it would look like they'd mined more btc than clsk. Mara was undoubtedly the top miner during the last cycle. But, IMO, this cycle, as clsk increases their EH/s rate throughout 2024, they will be the most efficient, best performing mining stock. Ask HC Wainwright: they made clsk their top stock pick for 2024 out of over 2,200+ stocks listed on the nyse.