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yeah
No ones really knows, but we can hope.
Bad weird day.
Hi all. I am in since day 1, but I didn't see this board till now.
Both my wife of 55 years and I are 74 years old, and I invest in mostly INCOME paying ETF's and 2 that I have are also options based, and I have had them for 3 or more years, so this intrigued me.
I am in, but with only a small percentage of my holdings.
I have had almost every other Bitcoin related stock and ETF before:
BLOK, DAPP, BITQ, RIOT, MARA, BTBT, BITF, HUT, and COIN.
I hope this does well for us all?
Ray
This is very undervalued compared to the competition IMO. A solid foundation to build from going forward.
Yeah it seems so, but today was not a good day. Have a nice weekend.
Yes sounds good
"Riot Blockchain, Inc. (NASDAQ: RIOT) announced on October 19th, the development of 200 megawatts ("MW") of immersion-cooling technology at its Whinstone facility ("Whinstone"), which to the Company's knowledge is the Bitcoin mining industry's first industrial-scale immersion-cooled deployment of Bitcoin mining hardware ("miner(s)", "ASIC" or "ASICs"). "After months of research and development, utilizing partnerships across industries, Riot is proud to be a pioneer in the use of cutting-edge immersion-cooling technology at an unprecedented scale," said Jason Les, CEO of Riot. "By leveraging technology, industry-leading low power costs, and economies of scale, Riot intends to continue driving operating and capital efficiencies for its self-mining business and its institutional clients. Due to these efficiencies, we anticipate observing an increase in the Company's hash rate and productivity through 2022, without having to rely solely on purchasing additional ASICs."
Yes that is true and this seems to be a good value as compared to the others in it's space and why I got in.
In at $11.95.
Positive indicators: SAR, MACD, OBV
Yeah we wish. LOL
Again agree. I was always in for FOMO. Now? LOL
Yes agree it is strange.
Yeah there are a lot of "geniuses" out there to be wary of, and especially around Halloween. LOL
Thanks though for your thoughts.
EPS estimates for next year on Yahoo are $1.67, up from the current .97. That is a 70% growth rate. I don't really believe that, but even cut it all in half (.83 x 35) and you still get $29.
So in my opinion we are still undervalued from the current price.
But I guess we all feel the same way or we wouldn't all be here.
I just wanted to "seem" like a genius.
LOL
But yes today's action is a bit concerning when BTC rose 3% and we fell 3%.
Maybe I am not such a genius after all?
LOL
Help me out here: Thoughts from the real geniuses?
I really do not think so, but hey you never know.
yes I hear you
Level 2 showing bounce?
Maybe can sell at $4.10? offering $4.20
Yes China is almost all built in already and is old news as you say.
Target price is still $47.75 and $82.
"Based on 4 Wall Street analysts offering 12 month price targets for Riot Blockchain in the last 3 months. The average price target is $47.75" https://www.tipranks.com/stocks/riot/forecast
and
"B. Riley Securities Maintains Buy on Riot Blockchain, Raises Price Target to $82
9:44 am ET September 15, 2021 (Benzinga)
B. Riley Securities analyst Lucas Pipes maintains Riot Blockchain (NASDAQ:RIOT) with a Buy and raises the price target from $51 to $82."
GREAT BUYING opportunity at $27 pre-market. (I think and I hope?) LOL
Looking at the Yahoo estimates for next year this is so undervalued even if they are off by 50%. The "expected" growth rate is 50% with "projected" earnings of $3.48 a share which puts the expected price based on those numbers at $174. Even if both were cut in half (growth rate and earnings) it still should be $43.50. Unless I am losing it at 74 years old this seems to me as being a really good buy.
why do you think that
Ok sounds good by me
MARA target raised to $87 from $54 at B. Riley
RIOT target raised to $82 from $51 at B. Riley
Why This Investor Is Buying The Dip In Coinbase Stock
5:12 pm ET September 9, 2021 (Benzinga) Print
Coinbase Global Inc (NASDAQ: COIN) stock sold off this week after the company announced it received a "Wells Notice" from the U.S. Securities and Exchange Commission in regard to its Lend program.
Requisite Capital Management's Bryn Talkington took advantage of the pullback and added to her position in Coinbase, she said Thursday on CNBC's "Fast Money Halftime Report."
The stock traded down from $280 last week to $257 on the SEC news, she said.
See Also: Mark Cuban Wants Coinbase To Be 'Aggressive' In Its Dealings With SEC For Greater Good Of Crypto Industry
Talkington told CNBC that she is a big fan of Coinbase CEO Brian Armstrong and a big believer in the technology around cryptocurrency.
Coinbase reported revenue of $2 billion and net income of $1.6 billion last quarter, she said, adding that the company also has $4.4 billion in cash.
Coinbase has the potential to reach net income of about $8 billion next year, Talkington said.
"If you look at their runway, this company is growing so fast."
Coinbase also just got approved to offer its platform in Japan and Germany, which are really large crypto markets, she noted.
The company is going to benefit in the same way that PayPal Holdings Inc (NASDAQ: PYPL) and Square Inc (NYSE: SQ) benefitted when they announced cryptocurrency offerings, Talkington said. "It was very accretive for their bottom line. I think it's early days for Coinbase."
COIN Price Action: Coinbase has traded as high as $429.54 and as low as $208 since its direct listing on April 14.
The stock was down 0.69% at $256.42 at time of publication at market close Thursday.
Photo: Courtesy of Coinbase
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Article today: "$372 target"
"Worthington has an Overweight rating on Coinbase with a $372 target."
"The Ethereum network shift and growth in other staked tokens could lift revenues above consensus estimates for Coinbase."
September 10, 2021 15:06 ET (19:06 GMT)
FULL article:
Hot Research: Cryptos Are Selling Off Again. 3 Ways to Benefit -- Barrons.com
3:06 pm ET September 10, 2021 (Dow Jones) Print
(The companies mentioned in Hot Research are subjects of research reports issued recently by investment firms. Their opinions do not represent those of Barrons.com or Dow Jones & Company, Inc. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed. Share prices at the time the report was issued and the date of the report are in parentheses.)
Daren Fonda
Cryptocurrencies are ending a tough week on a down note. Bitcoin was off 2% to $45,700 while Ethereum was down 4% to $3,330 Friday afternoon. Smaller cryptos were also weak , with Cardano off 4% to $2.43 and Solana down 2.8% to $179.
Despite the tough market, JP Morgan's crypto team is getting more bullish on Ethereum (ETH), the second-largest token, and its underlying network. The analysts also see revenue gains for crypto brokerages Coinbase Global (ticker: COIN) and Robinhood Markets (HOOD).
A month ago, Ethereum's network underwent a major technical upgrade, known as the London Hard Fork. The upgrade involved several new protocols aimed at improving the network's transaction-processing speed and robustness. One of the biggest changes will slow the growth of Ethereum tokens, which are doled out as rewards, or payments, to computer operators that validate transactions.
The network is also expected to migrate from a "proof of work" protocol, which Bitcoin and other cryptos now use, to a "proof of stake" design.
That change could help mitigate the steep environmental cost of cryptocurrency mining because staking is less energy-intensive than proof of work. The staking method can also speed up transaction processing and may reduce the supply of tokens in a system. While Bitcoin's supply is capped at 21 million tokens, other cryptos tend to have fewer or no supply constraints, affecting their ability to hold their value.
Staking is turning into a big revenue opportunity for both for exchanges and crypto investors. Exchanges like Coinbase, Binance, and Kraken allow customers to stake their tokens--essentially pledging them to the network for a period in exchange for a yield. Investors can stake Ethereum on Coinbase for a 5% annual yield; Solana (SOL), another token, is now yielding 6.5% on Kraken.
The exchanges make money by taking a cut of the "rewards" that network operators receive for validating crypto transactions. Part of that reward is passed on to the token holder in the form of an interest rate, while exchange keep some for brokering and other services.
Ethereum's new protocols and pending migration to proof-of-stake could also fuel gains in the token's price as supply growth slows. And it could expand revenues for exchanges and other platforms as more investors stake their coins.
"We see this transition as not only a significant milestone for Ethereum, butalso for staking broadly and the cryptocurrency ecosystem," wrote JPMorgan analyst Kenneth Worthington in a note published Friday. "It creates a significantrevenue opportunity for exchanges like Coinbase and could also be meaningful for brokers like Robinhood."
Tokens based on staking are now worth $348 billion in market value--compared to $854 billion for Bitcoin alone. Ethereum is already partially staked, at about 5% of its total value, but it is in fourth place behind Cardano (ADA), Solana (SOL), and USD Coin (USDC) as a staking-based token.
Staking could eventually bring in about $35 billion in annual revenue to the crypto industry, up from $16 billion currently, Worthington estimates.
The Ethereum network shift and growth in other staked tokens could lift revenues above consensus estimates for Coinbase. The exchange had 1.7 million customers earning yields on six available staked tokens in the second quarter. Gross revenue from staking could hit $129 million this year, up from just $10 million in 2020, Worthington estimates. And net revenue, after paying a yield to investors and other costs, could come in at $295 million after the Ethereum network migrates and other staked coins expand.
Coinbase is expected to report gross revenue of $6.6 billion this year. Staking, if it takes off, could be another billion-dollar opportunity.
It may also help lift revenue for Robinhood, though not as much. Worthington estimates that Robinhood could generate $21 million in staking revenue after the Ethereum transition, up from a $2 million opportunity now, though staking isn't currently available to Robinhood brokerage customers.
Worthington has an Overweight rating on Coinbase with a $372 target. He rates Robinhood as Underweight with a $35 target. Friday afternoon, Coinbase stock was down 1.6% at $252.35. while Robinhood had fallen 1.6% to $41.69.
Write to Daren Fonda at daren.fonda@barrons.com
(END) Dow Jones Newswires
September 10, 2021 15:06 ET (19:06 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.
Market data and information provided by Morningstar.
$256 is still low.
I'm in at $252.19
yes I guess my bad
So true. They "say" what it "should" be, but it varies depending.
LOL
Wow thanks And mine does. LOL
I appreciate your honesty. So the answer is in the companies "growing" over time to include other interests?
Sounds logical.
Thanks.
BUT for another dumb question from an old man who "thought" he was pretty "hip"?
What does "YMMV" stand for? I tried to figure it out but couldn't.
LOL
Glad I am not the only one asking. LOL
Thanks
Have a nice weekend
A question from a 74 year old. I currently own (only 2% of my entire portfolio) equal dollar amounts of 5 bitcoin companies:
RIOT, MARA, BITF, HVBT, and HUT as of now.
On CNBC many times it seems that "old timers" (like me) do not see bitcoin surviving or having any real value and that it is just a fad.
But I know many younger analysts say the older guys do not understand bitcoin.
Now I consider myself very knowledgeable in stocks and investing regarding the technical and fundamental parts of investing.
Having said that I want to be in (FOMO) bitcoin still but my question is this:
Of the 5 stocks I mentioned 3 of them have P/E ratios and so they are profitable and it seems that the other 2 will soon be profitable,
so I ask any and all of you younger (or older) investors if you think based on the costs and time left to mine bitcoins, do you think
that they "can and will" remain profitable over time and therefore are real "investments" or not?
I am posting this question on all of the 5 boards, so please forgive me if you also follow the same 5.
Thanks in advance for any who can answer my question.
Ray