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Before this was one of only a handful of ways investors could invest in bitcoin through the stock market. Now with ETF's the money will go to something that tracks and is backed by the asset directly. This is just a company now. Would you invest in a company that has no potential? They barely hold any bitcoin (9000) which is peanuts for the OS of 250,000,000+ shares and growing. This is way overvalued, this should be a $2 stock. It will get there as more people head to the exits for the ETFs or bitcoin itself.
"I" think halving was going to affect us in April to May. The miner prices have been manipulated since they shot up in January. They have been shorted since directly after ETF day. "I" believe that the hope and hype had MANY people buy calls and that is why it is being manipulated, so calls don't have to be paid out. Either way, THOUGHT, I saw a great opportunity, but I see, whoever THEY are will not let this happen, so I'll kindly see my way out of this area too. Sucks being a basic retailer!!! No matter what you try, THEY have already figured a way!
Is this all because Bitcoin mining is finished ? After the halving, mining will be twice as difficult, so more power hungry, so more cost and so on. Bitcoin has to double and more to offset. But it has more than doubled. Could this massive sell off be orchestrated ? Make all the miners move down and shake out millions of shareholders into rich hands. Could also be punishing the dilutions. Do ETFs really affect the miner SP.
It's as if I bought in Jan and BTC went to 15K, vice what is happening. FKN twilight zone!
What a ripoff on these miners since the ETFs! Doesn't matter how much BTC screams ahead. In fact, BTC has doubled since Jan.
DAILY BS with all miners.....before halving even starts......about to just get out.....of the ones that I'm green in 😬
FLASH CRASH IN PROGRESS. On Coinbase. Bitcoin panic selling by the looks of it after hitting the ATH. Should recover after this all gets through the mill IMO. Blood bath for some though. Buy the dips. GLA
Obviously this entire stock market Bull$ is not making any of us rich. What pisses me off is the As wipes in the back keep laughing at us .
I’m down 5,150.00 dollars on 2300 shares
But I sold a March 28 Call Strike Price $16.00 on 2,000 shares @ $1.53 so I took in
3,006 Dollars and I’m not going to buy it back. So by March 28 if it’s still
under $16.00 dollars by that date I keep the 3,006 dollars and my shares return
Into my account. The other 350 shares I bought in the area of $13.25 area
and I am not ready to sell a Covered Call till the price goes back up in an
area that I’m satisfied with the option premium. To resell another Call Option.
Not sure if you understand what I did. So in the end if I’m down 6,000 dollars on Riot Stock
but I took in 3,006 dollars on the option. So I’m only down around $2,150.00 dollars of my own money. So the next time I sell a Covered Call I may sell a weekly and some on a monthly.
I intend to keep selling covered calls on this stock to protect my investment.
All mining stocks are down so I’m not too worried about price going up to some level.
Let’s hope that this is a temporary pull back and in April we get the Bitcoin halving event
and everything goes back to normal. Mondays are usually down days Tuesday sideways
to up Wednesday most likely Up.
Obviously, I'm not rich, which is why I'm here, which means, I don't buy a mill worth of AAPL and make 50K when it goes up just a little. I play things I can afford. I AM smart enough to see the E next to a stock and hope for good earnings. BUT, I'm NOT smart enough to sell EOD when they report good earnings and blow up that day. Because, people will load up on the calls and the NEXT day and on, those great earnings turn into red day after red day. I just wish these people that PRETEND to care for us (like AOC) would do something about this!!!!!! Sorry, I'm upset. ALL of us bet on this and should be laying on cash at the best room in town!
All of that makes sense due to the production report. They have dropped over 50% in last 5-6 market days, to include most other miners. I would argue that BTC took off last week, therefore the calls were made like crazy and therefore the algos DROP the market price....EVERY day! When I looked it up this morning, calls to puts were 3 to 1. The production report could have given INCREDIBLE numbers and it would NOT have changed a thing. These things I say, I did not know prior to entering the market in 2021. If I would have known, I would have just taken my money to Las Vegas. In this market you can't even bet on a sure thing.....because if it's a sure thing, people will buy calls and the MMs do NOT want to pay!!!!!
So is this the reason for the drop.
We produced less bitcoin this quarter
How many servers are they buying to produce bitcoins in May
So when the halving event takes place they will receive less money per bitcoin and that’s the reason for the purchase of more mining servers or should I call them lotto machines because we need more computer computation power to solve bitcoin math puzzles before our competitors do. That’s how we make money the company that solves the math puzzle first gets paid in bitcoins out of the lotto machine.
Riot Announces February 2024 Production and Operations Updates
https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/93422577/riot-announces-february-2024-production-and-operat
Sad but true.
RIOT—Still in play but sub $10 is possible.
GLTU/A!
There was a day, when you'd run into someone at the beach on vacation and they would be a self made millionaire, because they saw something like: ETFs about to be approved, so they bought a butt ton of miner stocks and then BTC blew up and they turned their SMART calculated investment into $$$$$$......but then, the MMs figured out how to play the calls and puts against the players and make money for their masters, so NOW, no more self made. Just getting poorer, making decisions, that used to be smart! RIOT should have shot to over $50 in a NATURAL market, but it's not natural anymore.
When Riot goes into more mining productivity, more then likely the price of Bitcoin will drop. So it’s an endless battle. So I say to run the son of a Bitcoin
Good luck! I'm in the 9s and I was up 90% and now at 20%.....5 business days!.....while BTC went 15K!
I have been buying since $14.60 all the way downtown to $12.77 was my last purchase. I expect it to back up when they get the rest of the mining Servers. Just have to sit back and wait.
There is no real reason, because if stock prices are based on speculation, Riots speculate they will increase productivity
At least there is a REAL reason for it to go down.......But, now the puts will go in and they will need to raise it back up.
Wop there it is , Wop there it is! Hammer time
THIS is misery. In a normal market, buying miners before ETFs and this huge run up, there is no way, they would have plummeted to lower than pre ETF lows. We are being ripped off because they knew we'd buy and of course, ALL of the calls and the MMs hook up the puts.
Bought $13.30 area today—Stops are in place
The insider related dilution continues to be a concern.
Trade accordingly.
GLTA!
Ahh! Means nothing, The stocks could go up or down with no reason at all. It depends who’s shorting and if the retail has enough cabbage to bust through
Most Bitcoin miner companies are down as Bitcoin reaches near its all time high. The thinking is pessimistic in that this will crash, so better to get out now. Nothing like the what happened a couple of years ago. Bitcoin needs to break substantially above the last ATH to the foot on the pedal again ?
The warning is the daily fkover. I've lost 50% of my gains in 4 trading days!
The Stock has been Mushed! You have been warned
I think you could be right. This is why the share price is not going ballistic like before. Large selling orders at the opening shoving this down every day. Perhaps big concern that Bitcoin will do a big crash so why buy here when it will be cheaper IF the dump happens. Sideliners waiting. Mara is even hesitating now. GLA
You don't think it would be smart to try to catch the high before the halving and then rebuy during the huge dip that suspect will happen?
RIOT!
Riot had a little set back. I wouldn't worry about this. It might not go up as fast as Mara, it will go at a much slower pace. Till then, check out other cheaper mining stocks. I was looking at MicroStrategy a few months ago and it took off like crazy. Interesting the CEO was against bitcoin many years ago and now that's all he buys smart man...lol GLTU
You could be right. If Bitcoin runs like expected, that is the push Riot needs. I suspect the big MMs have made this look weak purposely and using that weakness to push Mara for now. Massive shakeout into holding hands before the halving. GLA
My guess is that 3 - 6 months after the April Bitcoin halving, BTC should well exceed $100k (that is extremely conservative compared to previous cycles). The miners usually have their runs after new confirmed highs are reached. I would not be surprised to see RIOT and MARA well above $100 this year.
Good luck
RIOT definitely followed BTC penny for penny until Spring of last year. Then, the MMs made it their bitch and have manipulated it like crazy. Based on it's price last spring, it would be back up over the $50s by now. Note, Mara moved naturally and then got hit a little yesterday finally.
The Stock has been Mushed!
Sorry for not taking the time to look at previous posts, but figuring most message boards have as many negative haters as positive hypers, but why is bitcoin going up and this stocks share-price is going down? Kind of goes against those normal logical ways. Thanks in advance.
So from November of last year the OS went from 206.5M to present day 253.5M. Nearly 47M new shares in 4 months! Wow. The new math equation would be 9000 BTC holding, divided by the current OS 253.5M which comes out to be 0.0000355 BTC per share. Not saying you can't make money here, but it doesn't take a genius to see any purchase at these prices is very risky. The market cap is sitting at $4B which is just insane. This is just my opinion, you can buy whatever you want. It's your money.
January 3, 2024 Award of Options Shares Held
Werner Ryan D.
Officer Award of Options 300,000 638,669
Chung Jason
Officer Award of Options 1,000,000 1,246,426
Soo Il Yi Benjamin
Officer and Director Award of Options 5,000,000 8,385,344
Les Jason
Chief Executive Officer Award of Options 5,000,000 7,368,678
Chung Jason
Officer Award of Options 1,000,000 1,857,037
Sells from last year 2023. But they get to replenish their holdings for free
6/1/23 Les Jason
Chief Executive Officer Stock Gift 5,000 0.000 – 0.000 2,917,751 $0.0
Les Jason
Chief Executive Officer Sale 50,000 11.63 – 11.63 2,917,751 $581.5 K
Soo Il Yi Benjamin
Officer and Director Sale 760,580 11.70 – 12.49 2,830,884 $9.0 M
5/31/23 Werner Ryan D.
Officer Sale 22,333 11.92 – 11.92 282,799 $266.2 K
5/30/23 Cho Hannah
Director Sale 14,000 12.26 – 12.26 68,150 $171.6 K
5/25/23 Les Jason
Chief Executive Officer Sale 50,000 10.83 – 10.83 3,740,229 $541.5 K
Probably going below $10. Maybe going to be Mush!
Following BTC down more than it follows it up! All miners
THIS is catastrophic. None of my 4 miners following BTC OR the market today. Thye only follow BTC when it drops .000000015 Pure BS!
Exactly… GidDy uP RIOT…
GidDy uP RIOT…
No No No!! the drop in price is because of me. Every single time I’ve bought Riot, the price falls, and when I sell the price rises. Coincidence? Not really, the market makers have it in for me. They know that with my intelligence! I could take over most Company’s.
The recent news about ordering new miners was the signal to sell. Sell on news thinking. 31,000 new miners on order but about half of those to replace weak and old miners. This is normal though. Stuff fails in time and needs upgrading to better tech to be more efficient. All the mining companies will have the same issues not just Riot. Managements constant dilution to make this happen though is dubious.
Last time BTC was over 60k US the PPS of RIOT was over $30+.
The dilution continues relentlessly;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173372828
Banking paper profits is the only way to play this insider enriching ticker.
I’ve learned the game over the years and secure profits as able.
MARA has been proven many times over to be the better mining play
I do thank RIOT for the 2023 profits.
GLTA!
What a Joke Riot Bitcoin is exploding
MMs hammering Riot ? Huge shake out maybe in progress ?
Sure looks like punishment to me. Did Riot management not do what the MMs wanted ? Also, there is scare news about the government monitoring power consumption used by the mining companies. Why are all these miners not using solar or wind power ? In Texas, none of that matters I guess.
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