$Marathon Digital Holdings Inc-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Marathon Digital Holdings Inc(MARA)$

Looking into why bitcoin is down today, the first thing that came to my attention is the DXY Index. This is the value of foreign currency relative to the US dollar. The DXY is going higher. So, all the other foreign currencies' values are going lower.

What this means is, if the rest of the world doesn't have the money to buy bitcoin (in dollar terms) they don't buy it, or as much of it. When the price of bitcoin goes down, then the price of MARA goes down, too.

We are tied to the price of bitcoin. However, that connection to bitcoin is not necessarily a valid price between them. Things often go over or under what the correct valuation should be. I believe MARA is undervalued in relation to the price of bitcoin the same way I believe MSTR $MicroStrategy(MSTR)$ is overvalued.

But MSTR has Michael Saylor, and he is quite the salesman, and he has been on the road for years selling the bitcoin concept, and his company, MicroStrategy. If Fred were to do a quarter of Michael Saylor's promotions, it would double MARA's stock price, or come close to it.

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This is the value of foreign currency relative to the US dollar. The DXY is going higher. So, all the other foreign currencies' values are going lower.</p><p style=\"text-align: left;\">What this means is, if the rest of the world doesn't have the money to buy bitcoin (in dollar terms) they don't buy it, or as much of it. When the price of bitcoin goes down, then the price of MARA goes down, too.</p><p style=\"text-align: left;\">We are tied to the price of bitcoin. However, that connection to bitcoin is not necessarily a valid price between them. Things often go over or under what the correct valuation should be. I believe MARA is undervalued in relation to the price of bitcoin the same way I believe MSTR  <a data-mention-id=\"MSTR\" class=\"teditor-mention\" data-mention-name=\"MicroStrategy\" href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a>  is overvalued.</p><p style=\"text-align: left;\">But MSTR has Michael Saylor, and he is quite the salesman, and he has been on the road for years selling the bitcoin concept, and his company, MicroStrategy. If Fred were to do a quarter of Michael Saylor's promotions, it would double MARA's stock price, or come close to it.</p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"MARA\" class=\"teditor-mention\" data-mention-name=\"Marathon Digital Holdings Inc\" href=\"https://ttm.financial/S/MARA\">$Marathon Digital Holdings Inc(MARA)$</a> <v-v data-views=\"1\"></v-v></p><p>Looking into why bitcoin is down today, the first thing that came to my attention is the DXY Index. This is the value of foreign currency relative to the US dollar. The DXY is going higher. So, all the other foreign currencies' values are going lower.</p><p style=\"text-align: left;\">What this means is, if the rest of the world doesn't have the money to buy bitcoin (in dollar terms) they don't buy it, or as much of it. When the price of bitcoin goes down, then the price of MARA goes down, too.</p><p style=\"text-align: left;\">We are tied to the price of bitcoin. However, that connection to bitcoin is not necessarily a valid price between them. Things often go over or under what the correct valuation should be. I believe MARA is undervalued in relation to the price of bitcoin the same way I believe MSTR  <a data-mention-id=\"MSTR\" class=\"teditor-mention\" data-mention-name=\"MicroStrategy\" href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a>  is overvalued.</p><p style=\"text-align: left;\">But MSTR has Michael Saylor, and he is quite the salesman, and he has been on the road for years selling the bitcoin concept, and his company, MicroStrategy. If Fred were to do a quarter of Michael Saylor's promotions, it would double MARA's stock price, or come close to it.</p></body></html>","text":"$Marathon Digital Holdings Inc(MARA)$ Looking into why bitcoin is down today, the first thing that came to my attention is the DXY Index. This is the value of foreign currency relative to the US dollar. The DXY is going higher. So, all the other foreign currencies' values are going lower. What this means is, if the rest of the world doesn't have the money to buy bitcoin (in dollar terms) they don't buy it, or as much of it. When the price of bitcoin goes down, then the price of MARA goes down, too. We are tied to the price of bitcoin. However, that connection to bitcoin is not necessarily a valid price between them. Things often go over or under what the correct valuation should be. I believe MARA is undervalued in relation to the price of bitcoin the same way I believe MSTR $MicroStrategy(MSTR)$ is overvalued. But MSTR has Michael Saylor, and he is quite the salesman, and he has been on the road for years selling the bitcoin concept, and his company, MicroStrategy. 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