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Riot, war is not keeping BTC down much. Good sign for Riot.$$$
Riot Blockchain Announces February Production and Operations Updates
https://ih.advfn.com/stock-market/NASDAQ/riot-blockchain-RIOT/stock-news/87458418/riot-blockchain-announces-february-production-and
Russians Oligarchs buying up BTC. Driving up the prices and hence BTC Miners as well.
The Ruble is now worthless, and the Russian billionaire's are buying up BTC.
RIOT to $50.00. $$$
War what is it good for.
ASOLUTLY NOTHING!
GO RIOT$$$
Indeed, this war party is a bad sign. But cooler heads will prevail, hopefully. As they say, there is light at the end of a tunnel. $$$
The Ukraine problem has to be solved before we see Bitcoin move up IMO. In reality it makes no sense but that's the way it is. Compromise is the only common sense answer but as we know, there seems to be a great lack of that with the people in power. They just want more power. I wonder if this is being worked as a swing game in Bitcoin price though. Bad news, then good news, then bad news. Good news might follow ? GLA
Yes, gold and oil does go up in war. But I don't think we will go to war. It's the Fed thant wants to jack up rates up to 1% by June or July. That's why the market tanked today.
We shall see if that bodes well for BTC and miners. $$$
We are not out of the woods yet it seems. Biden has ordered all American citizens out of Ukraine. That probably explains why we saw the sharp dip in Bitcoin. Let's hope common sense solves that testosterone driven scenario. War would be stupid. But should fighting break out, doesn't gold usually run up in war ? Oil might as well and so I figure Bitcoin will too. Bitcoin might just move up either way. Nervous will sell though and wish they had not in the future. GLA
$RIOT "It is a place to offset paper money devaluation due to very high inflation in swing now." Pure and simple. $$$ I like your statement.
Inflation hit 7.5% last year unbelievable.
Bitcoin is moving again. Looks like the long term is very good imo and new highs are coming later in the year if it gets above $48K. $100,000 is not unreasonable and maybe higher. It is a place to offset paper money devaluation due to very high inflation in swing now.
Riot is not performing like it should yet and Mara is. Any suggestions why this is ? Mining slowed due to electricity is a weak excuse imo. Their hash rate is improving all the time. Maybe Mara is being pumped and those profits will shift to Riot, like happened last year. Let's wait and see. GLA
Double BOOM's back to ya. $$$
CAPITULATION = the great time equillizer. $$$
Riot is still riding on the coat tails on BTC. $$$
$RIOT The power of capitulation. $$$
$RIOT It's like a runaway freight train. RIOT for the win come on $$$25$$$
GLTA $$$
Bought calls here for this week and next week. Looks like this can go up a ton if BTC breaks out.
I'm back. Decided to not bother posting while Bitcoin was falling thanks to Ukraine issues. Panic selling and it hammered Riot down as expected. I think that is behind us. Bitcoin "looks" like it has bottomed and ready for the next run imo. Riot is hampered somewhat due to electric supply issues in Texas though. That will disappear soon and it sure has made a buy opportunity. Maybe Riot management need to think about installing renewable energy sources though. Solar seem right in Texas. Miners being installed every month as well so power is mandatory. Their BTC haul should just keep moving upwards and as we see Bitcoin run again, up she goes.
I wonder if the company could have bought back shares when they were really down lately ? They have the cash. Would have been a good move. GLA
$RIOT, TIME TO BUST A MOVE THIS WEEK.
$RIOT, things are clearer. Fed made clear interest hikes for March. Markets get it, so does the cryto world.
Good times are coming soon to a $RIOT held account. $$$
Riot Blockchain bitcoin production jumps nearly 8% M/M; mining capacity expands
https://ih.advfn.com/stock-market/NASDAQ/riot-blockchain-RIOT/stock-news/87195832/riot-blockchain-bitcoin-production-jumps-nearly-8
GLTA
Saw this on Twitter
— Integrated Ventures, Inc (@IntVentures) February 3, 2022
$RIOT, things are clearer. Fed made clear interest hikes for March. Markets get it, so does the cryto world.
Good times are coming soon to a $RIOT held account. $$$
Yeah I dont know about the markets, I think we have another downside push, but at these prices for Bitcoin miners they have lost like 70 - 80% from the highs, and so most of the downside should already be priced in, in other words, its harder to drop each dollar from here. GTLU as well
Good for you. Things should be clearer, since the FED said they will raise interest rates in March. Gives the whole market plenty of time to adjust to the new normal.
GLTU. $$$
took a starter of a couple hundred shares the other day in the lower 13s, and have since written the 16.50 call for next Friday, as well as a couple uncovered puts at 13 and 13.5, premiums are decent and I feel like downside should be limited based on how much it has fallen, but who ever really knows it could always fall further but down at these prices its harder to fall significantly. In fact the chances of an upward spike are much greater.
Interesting day today. $$$ Lets go. $$$
The crypto miners that had a HODL strategy are looking really bad.
Has RIOT turned into a dilution engine?
The recent filings seem to show little more than a dilution of stock, apparently transferring the wealth of the company to a few select individuals.
Is that why MARA has been lapping RIOT of late?
WWT your spot on! The Fed already has lined up interest hikes for 2022 to curb inflation, so it is only time that will get Riot back to it's past glory sp.
GLTY $$$
Mr. Wonderful plans to invest in mining company stocks
https://cointelegraph.com/news/mr-wonderful-plans-to-invest-in-mining-company-stocks
RIOT will rebound with BTC
December Production and Operations Updates
https://ih.advfn.com/stock-market/NASDAQ/riot-blockchain-RIOT/stock-news/86952530/riot-blockchain-announces-december-production-and
Mining will be hot sector this year
Some interesting ideas RandolRocketman. Bitcoin dividend ? Might work but for those without wallets, the company would have to create something for shareholders. Crete their own exchange is a way I agree.
Maybe shareholders could be given an option for Bitcoin or cash ? Those who believe Bitcoin is going to go crazy in the near future will opt for the crypto. The BTC supply is shrinking so that means increasing prices.
As Station mentions, if interest rates do move up, Bitcoin should as well. It looks like it is being priced as a listed company lately but that should change when Bitcoin starts to rock and roll again. It is just a matter of when. Long game here if you have the patience. GLA
RIOT is money in the bank. Just buy low and sell high. $$$
$RIOT miners will explode once interest hikes start. $$$
AT this rate, it doesn't matter what happens, once the BTC limit gets really close, that's when this thing goes nuts. The best part of owning a miner like RIOT versus the actual digital currency, is that the miner can just change software to what ever they want to mine, from BTC to Etherium or w/e. The thing I like about Riot is even if the cost of mining drops enough, they can still make money selling back energy to the grid. They've got some really handsome energy deals.
Another thing to consider, what would happen if RIOT decided to give a dividend in BTC to its shareholders? They run in the green profit wise, and smart companies that make profits give out divvies. Have they partnered with a wallet company yet? The regulations coming up might just back them into needing an exchange since they might have to report as one in any case.
It sure looks that way. All depends on whether Bitcoin is pretending to be a dead cat. Those do tend to bounce a bit. But if the cat is just sleeping and wakes up, this is the bottom again. Just need to see the trend change to positive for the short term buy holders. Long term, Bitcoin supply is shrinking all the time which means higher prices. All imo. GL picking the bottom.
$RIOT is it time to load the boat or wait...Hmmmmmmmmmmmmm
Bitcoin briefly tumbles below $40,000 to the lowest since September as investors shed risk
Published Mon, Jan 10 2022
The price of bitcoin fell at one point Monday to its lowest point since September, as rising rates continue leading investors to shed positions in risky, growth-oriented assets.
Bitcoin fell as much as 6% to touch a low of $39,771.91, according to Coin Metrics, but has since reclaimed most of its losses. It last traded about 1.9% lower at $41,680.34.
Ether, the second-largest cryptocurrency by market cap, also took back losses, tumbled as low as $2,940 in the morning and last trading 4% lower at $3,063.71.
Declines across the cryptocurrency market follow a week of rough trading for equities, particularly momentum stocks. As the 10-year U.S. Treasury yield spiked to start 2022, investors have been rotating into more cyclical and value names. On Monday, the 10-year climbed as high as 1.8%, after ending 2021 at 1.5%.
“We’ve seen bitcoin behave like a risk asset on numerous occasions over the past few months,” said Noelle Acheson, head of market insights at Genesis. “When the market gets jittery, bitcoin tumbles. We’ve seen various indications that market sentiment is somewhat spooked by the spike in the 10-year – that’s not good for any asset that has high volatility in cash flows. Unlike many assets that are tainted by this brush, bitcoin is liquid and therefore can take more selling pressure without a heavy hit.”
Bitcoin hit a record high near $69,000 in November, after a hot inflation reading that at the time showed the biggest jump in consumer prices in 30 years. That reading caused investors to jump into inflation hedges, including bitcoin and gold.
Because of the way the cryptocurrency has traded in tandem with equities, investors more than ever are split on whether bitcoin serves as a sound inflation hedge. Last week, Goldman Sachs said it sees bitcoin taking market share from gold and potentially climbing to $100,000.
Cryptocurrency prices have fallen steadily since November, however, with bitcoin dropping about 40%. It added to its losses last week, after the Federal Reserve indicated last week its intentions to begin reducing its balance sheet. That’s in addition to what investors have already been preparing for — its tapering of bonds and raising interest rates.
“The crypto market looks to be moving in-line with the broader macro environment right now, most likely due to increasing overlapping institutional investor base, such as macro funds that allocate to crypto as well,” said Juthica Chou, head of over-the-counter options trading at Kraken.
Arca chief investment officer Jeff Dorman noted that bitcoin has been diverging from other crypto assets and suggested its moves reflect more about the macro environment and equities than they do about decentralized finance, Ethereum-alternative protocols, NFTs and the metaverse and other crypto sectors and altcoins.
“The market dynamic of bitcoin has changed a lot in the last two years,” he said. “It went from being largely you know crypto native. … Now, it really just trades as a 24/7 levered VIX. It’s much more important to those who care about the S&P and the big Treasurys, and you’re seeing that everyday in the price action.”
Crypto stocks also fell Monday. Coinbase fell about 6%, while Microstrategy and Block — formerly Square — dropped about 5%. Crypto banks Silvergate and Signature were down by 6% and 2%, respectively.
Now below $20 in premarket. Little wonder when you see the big sell off of Bitcoin. Five minutes ago, in one minute, 650 Bitcoin sold ! Big holder dumping. Went below $40K as well so we might see $30K next. Not good for now. Buy at the bottom :) But will that be ? GLWT.
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