Applied Blockchain Inc (APLD)

[Going_4_It]

Thanks for sharing that video. Very interesting.

I have been an owner of Applied Blockchain for most of 2023. It is one of a few Bitcoin Miner stocks that have Call Options that expire weekly. So I have been able to generate constant cash income to expand my further investments.

I have been speculating on crypto since 2017. When I started there were about 1200+ individual cryptos, and now there are about 14,000. I made a great deal of profit day trading other cryptos as Bitcoin ran up to $64K. Then when it crashed I lost about half of my profit. It has been painfully obvious since the beginning that all cryptos follow the movements of Bitcoin. And that the vast majority of crypto are "shit coins" not worthy of owning.

About the time that Bitcoin fell hard I became aware of the bitcoin miner stocks, and the financial problems there were having. I discovered the near-bankrupt Core Scientific (CORZQ) and bought a boat load of it at around a dime and sold it at 70 cents. That experience made a believer out of me that playing the miner stocks was a much more lucrative way to go than trading the crypto directly.

So now I am focused on just a few miner stocks that have Call Options that expire weekly. I really like the regular flow of cash. I also have some other miner stocks that are very cheap and are long term speculative plays. I am convinced that most of the crypto market is a very close analogue of the penny stock market, where I learned my skill set. Instead of issuing more paper stock they just issue electronic coins; basically the same process.

Good Luck to everyone who reads this post.