I got on the boat around the same price as you did! [Comfort] [Cool] Following your trades closely, thanks for all the positivity around here on Tiger Brokers! Having you on gives us the confidence to own these crypto stocks. [Cool] [ShakeHands] [Heart]
Great price to enter $CleanSpark, Inc.(CLSK)$ . Checking the historical price of CLSK, upside potential is indeed great. Can't wait for it to return to $23, then $25 levels levels [Miser] [Cool] Can't always bottom fish, so make do with this price +/-
@SPACE ROCKET:I opened $CleanSpark, Inc.(CLSK)$ ,Buying into CLSK, the 2nd best miner stock out there in the market with huge potential upside (given its attractive low price now) ๐ฅณ๐ฅ๐ May swing trade it or use to cover my $6500 worth of naked calls sold previously ๐ ๐
//@SPACE ROCKET: Many of Mt. Gox's early users as well as creditors are LONG-TERM BITCOIN ENTHUSIASTS who are LESS LIKELY to sell all of their bitcoin immediately," said Lennix Lai, chief commercial officer of crypto exchange OKX. Afterall, Mt. Gox's victims have waited from 2014 till now in 2024, what's the hurry in selling their Bitcoins off now? Might as well wait awhile more for Bitcoin to reach a new ATH, right? They have been waiting for 10 years anyway; there is no urgent monetary need to liquidate it now when Bitcoin is dipping. If you bought many Bitcoins at such a low price of $600/Bitcoin back then, would you liquidate them now or wait for them to reach new highs? Common sense, wait it out. Perhaps the best investment they h
Crypto Stocks Slumped As Bitcoin Slides to Four-Month Lows on Liquidation Fears
Hopefully $Coinbase Global, Inc.(COIN)$ post good financial results and is not dragged down by other stocks because of the FED. Have faith.
@SPACE ROCKET:Between $MicroStrategy(MSTR)$ and COIN, I'd pick COIN for the following reasons: ๐ MSTR is not good at its day job compared to peers in the industry, making huge losses. If price of Bitcoin hovers at current levels, MSTR's profitability will be heavily impacted. ๐ COIN on the other hand, has been PROFITABLE since 4 quarters ago and has been beating analyst's estimates for the most recent 4 quarters.๐๐๐ฅณ๐ฅณ It EARNS MONEY ๐ธ ๐ฐ ๐ค through TRADING FEES from both buy and sell transactions. ๐ Reported in Feb 2023 - the interest on reserves backing USDC are a MAJOR SOURCE OF REVENUE for Coinbase, which has been able to pocket higher income because of the Federal Reserve's higher interest rates. Overall, the company reported a profit of $273.4 million,
Market is just irrational, what to do. Just look at $Tesla Motors(TSLA)$ lol, totally makes no sense. We all know Elon over promises lol. Few years down the road, the cheaper cars that he promised may not even happen lol. Not forgetting if Elon can make cheaper cars, so can other car companies. Other companies can also make cheaper EV cars. Pure lame lol.
It's only a matter of time these stocks come crashing down once more. Its an unsustainable bubble, waiting to be burst. AGREE that bullish sentiments on miner stocks makes no sense at this juncture! One bad news is all it takes to bring these stocks down as fast as they got pumped up. HOLDERS BEWARE.
@SPACE ROCKET:$MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward movement if you ask me ๐คทโโ๏ธ๐คทโโ๏ธ Now, let's look at how irrational the market is LOL โ๏ธโ๏ธโ๏ธโ๏ธ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED for goodness sake, NOT DOUBLED ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai
Agree. There is just too much uncertainty in the crypto space these days and it's just not worth the risk. The Bitcoin halving event anticipation has already been priced in, which means I don't expect a drastic hike in price of Bircoin when it halves next week. In fact, if you guys recall, price of Bitcoin and crypto related stocks plunged on the day of Bitcoin Spot ETFs approval. Thanks to outflow from $Grayscale Bitcoin Trust(GBTC)$ . From Jan till now, outflows from Grayscale caused Bitcoin's price to drop TWICE. And it may happen a third time. Note that Grayscale transfered 6200 Bitcoins worth $434mil to Coinbase recently, sparking speculations that they are ready to sell Bitcoin, potentially impacting market prices of Bit
@SPACE ROCKET:Lols $Coinbase Global, Inc.(COIN)$ is trying too hard lolol ๐ฉ๐ฉ๐ฉ No point announcing 'good news' one after another these days when Wall Street is BLEEDING RED. It's all FLUFF. Smarter and more discerning investors would avoid buying in and getting caught in the sudden sell-offs and quick reversal. For those who FOMO and got in, GET OUT when you can!! ๐ ๐คฃ FOMO Bulls are just trying their luck lol. Once COIN hits $255-$265, even the bulls will sell off and the BEARS will START ROMPING IN . ๐ป๐ป๐ป๐ป Cathie Wood forsees this trend too. Thus, it comes as no surprise that she has been unloading COIN shares over these 2 days when COIN reaches its 'peak'. The upside to $280 is minimal and
Haha totally agree. Who the heck is Kerrisdale Capital anyway? Bet they miss out on buying into MSTR and want to create such sensational news and opportunities for their panel of investors to load up before the bull run. Never take their words seriousl. They are just trying to move the market to theie benefit. [Happy] [Miser] [Cool] //@SPACE ROCKET: Totally absurd and lame lol. How can you long bitcoin and short MicroStrategy when $MicroStrategy(MSTR)$ have the largest moat of Bitcoins. Totally ironic. When Bitcoin skyrockets, so will the balances of MSTR and its market cap. Kerrisdale thinks he is smart, but the lights are obviously on a
Kerrisdale Capital Is Short Microstrategy, Long Bitcoin
Reposting this well-written article! CLSK is indeed undervalued at the moment, get on the boat now! I'm into IREN at the moment, another company with great fundamentals and huge potential upside! [Cool] [Cool]
@SPACE ROCKET:The Most Undervalued Bitcoin Miner, CLSK, has Target Price Maintained at $27
@SPACE ROCKET:I opened $CLSK 20240802 18.5 CALL$ ,Let's see how this goes. Wanted to sell 30 lots but Tiger has been crashing on me recently and not responding accurately to what I type. Kept registering 33 when I keyed in 30. So selling 33 it is!
Agree with @SPACE ROCKET . If you see previous prices of IREN, it has potential to hit $14-$15 easily. It's low entry price compared to MARA and CLSK, with a brighter future than RIOT, makes IREN a good buy for long term hold when Bitcoin rises. It's impossible to bottom fish, so accumulate while it's still low [Miser] [Miser] [Cool] [Cool] //@SPACE ROCKET: Agree. For those who missed the boat on $CleanSpark, Inc.(CLSK)$ last year when CLSK ran up from $2.50 till where it is today, I forsee IREN being the new CLSK, following CLSK in terms of growth trajectory. Think IREN wi
B. Riley Raises Price Target on Iris Energy to $18 From $9.50, Maintains Buy Rating
@SPACE ROCKET:I closed $CleanSpark, Inc.(CLSK)$ ,I closed all open positions in $CleanSpark, Inc.(CLSK)$ ,Stop loss because I need to protect my portfolio. Bitcoin has breached the USD $61,000 mark and may fall potentially to USD $56-$57,000 (next strong support), bringing all crypto stocks down along with it. I'd buy back in when the time comes.
It's only a matter of time these stocks come crashing down once more. Its an unsustainable bubble, waiting to be burst. AGREE that bullish sentiments on miner stocks makes no sense at this juncture! One bad news is all it takes to bring these stocks down as fast as they got pumped up. HOLDERS BEWARE.
@SPACE ROCKET:$MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward movement if you ask me ๐คทโโ๏ธ๐คทโโ๏ธ Now, let's look at how irrational the market is LOL โ๏ธโ๏ธโ๏ธโ๏ธ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED for goodness sake, NOT DOUBLED ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai