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Not any longer ……let Her Run
Great question. And since I can't make anything from it, got no answer.
Also, you can reply to any of my post's. No guarantee you'll get a response.
What a ripoff on these miners since the ETFs! Doesn't matter how much BTC screams ahead. In fact, BTC has doubled since Jan.
Roughly 6% and 8% gain on them today.
Thanks boo boo!
Sold some CIFR yesterday. Up almost a buck from my Friday, March 1st purchase. As for the others, I trade technical. I'll PM you the 2 I'm looking at.
It's so manipulated and halving close. You're not scared we're about to see some DEEPER lows? I was thinking about selling if we get a good week soon and rebuy after halving knocks them all way down.
My bad. Misread it. Makes a lot more sense. Couple crypto miners I follow are trading in da gap. I'm getting ready to buy them.
What? No, I bought the June 2 strike deep In the money at 1.97...the 5 strikes are 2.30 ask and traded 1.80 today, this is another example of much better value buying deep in the money calls
Guessing you won't be holding them for the long term with the halving and $5/$5.50 price targets. Way Out Of The Money!
I would've considered the $5's. But that's me. Good Luck!
Cantor Fitzgerald Reiterates Overweight on Cipher Mining, Maintains $5 Price Target
https://www.benzinga.com/news/24/03/37515999/cantor-fitzgerald-reiterates-overweight-on-cipher-mining-maintains-5-price-target
Analysts Remain Bullish on Cipher Mining Ahead of Earnings Release
https://beststocks.com/analysts-remain-bullish-on-cipher-mining-ahea/
Outstanding Shares 254,660,072 11/06/2023
https://www.otcmarkets.com/stock/CIFR/security
Bought 10 June 2 Calls here today at 1.97
I have always bought calls and puts at around $500 and USUALLY lose. I bought 10 $3.50 calls yesterday for $115. NOW I win!
Canaccord Genuity Reiterates Buy on Cipher Mining, Maintains $5.5 Price Target
BENZINGA 5:55 AM ET 3/6/2024
Canaccord Genuity analyst Joseph Vafi reiterates Cipher Mining(CIFR) with a Buy and maintains $5.5 price target.
I never owned Ether. It was Ethereum (ETHE) that I held at Grayscale. I purchased all of them (ETHE/GBTC/LTCN) back on Coinbase a while back.
Correction. I don't own Bitfury. I own Bitfarm (BITF).
Dayam. $55 K. BTC broke out, but at trendline resistance per my charting abilities. If it holds overnight, might get another miner pop tomorrow.
That may be so but if I would have known about them and looked at the chart on Friday, I would have been a buyer. Overall, the crypto miners continue to outperform. If you are a trader, good profits to be made. Buy and hold at the wrong time, that's another story. I hope we get a good correction when the halving comes. Guess it all depends on the price of the crypto's. Bitcoin at 100K in April would still net current income for the miners. Bitcoin at the same price in April, miners net half of what they make now. Hope bitcoin doesn't run too far too fast.
I dumped my remaining ETF shares when the approval took place. Litecoin, Ether and Bitcoin. All Grayscale. Glad I did, especially Litecoin as you can get 2X the amount buying it outright on Coinbase. Moved those funds into the mining space and doing much better.
Guessing we'll see some resistance at the $10/$11 spot on HUT. Then you have the 200 DMA. Hang in there. Anything can happen.
I bought HUT, before the ETF hype happened....for $12. It's down 25%. Not sure if I trust them or CAN. Do some DD first.
Correction coming?
Bitcoin Correction Could Be Approaching
Title only. Not a subscriber!
Bitfury to distribute 126 million common shares of Cipher Mining. Non-dilutive.
Dunno. But CLSK. Geezus!
No complaints. I'm in RIOT and a couple other miners. Doing really well today. Took some short term profits here and left some on the table. Holding it's parent. Added HUT to my watchlist.
I'm wondering how close to halving we have to get out with profits, assuming BTC stops backtracking.
As promised. Picked up additional shares today. LTB&H.
DMGGF and BBKCF (forensic blockchain) outperforming. But nice move here.
Looking to add to my position below $3. Halving in April. Might be able to get it on the cheap by then.
Institutions letting go of Cleanspark, imo. Retail Suckas, imo. We shall see in the fullness of time. Will admit, solid earnings beat!
I'm long, but would be hard not to grab my earnings at 5+, BTC won't go up EVERY day.....and these miners go down at a higher percentage than they do going up.
Very nice!!!! As long as btc continues to go up. I weighed myself down a little too much on miners....so when btc goes down, my portfolio has diarrhea!
-15%.....This is CRAZY!!!!! Last week it was HUT, this week CIFR. Being run into the ground.
Yes, you're right. It's a total shitshow. Thanks for clarifying it's not the miners themselves.
You're describing the mass hypnotic manipulation the MMs play on all of us. Not just the MMs, either. Most of the adult children who make their fortunes as members of the financial media, too. Masses of words are written by people who, in reality, don't know their financial right hand from their left and who just follow the bouncing balls in their head. Or worse, the bouncing balls others order them to write about.
In the long run, we're supposed to trust the age-old Mr Market who says, in the end, at the end of all the noise, the best company wins.
At times, we've all been crushed under this crazy, sick game.
And yet, here we still are, waiting and hoping. Good luck to us all.
Can someone elaborate on HOW this fks us, because we're crashing.....BitFury Group Announces Planned Distribution Of Shares In Cipher Mining Inc. To Diversify Shareholder Base For Cipher And Unlock Potential Value
I'm always worried of what excuses can be used to beat up a stock. Of course miners will still be mining, but take Riot, with an ATH of $78 and now it's around $10. Market beats it down and output and earnings are much higher than they were at $78. But, market (MMs) decides what the price will be. And IF you can convince enough people that halving will bring down the price, the shorting starts and the MMs make it easier and CIFR becomes a penny stock. That's what I mean by destroying.
Lokotomy wrote regarding miners: "... now I'm worried halving will destroy them all..."
Yes, the roller coaster market hates stockholders who get tossed around like sacks of potatoes.
But Bitcoin requires miners to work. Without miners a bitcoin is worth less than a potato because you can't eat a bitcoin. It's the miners which make the "dumb" bitcoin valuable.
People are worried that quantum computing could replace current mining because they might be able to crack the codes more easily than any of the current miners. But quantum computing is always decades into the future.
Why are you worried miners could be destroyed?
You're right and I dumped a bunch in miners for the FAILED ETF situation and now I'm worried halving will destroy them all........bc it's a good reason to short them and the MMs will hold it down for the major shorters (Hedge)
Not looking good for Bitcoin and the miners in the near term.
TRUE BS! BTC in the 45-46 range yesterday. It drops from 49 to 48 and we're in the red when we should be 20% green!
I hope (fingers crossed) EFT approval goes and everyone on here has a reason to smile. Also, GO CIPHER! Your growth plans are going to be achieved!
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