$MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$
As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91.
No biggie upward movement if you ask me 🤷♀️🤷♂️
Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️
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 said, why are investors rushing to buy into miner stocks now?
What if Cleanspark falls to $7-9 once more? MARA to $9-11, IREN to $2-3, Riot to $8-10? Won't that be a better entry price? Will you guys regret being so FOMO now?
Its hilarious looking at movements pertaining to COIN / MSTR vs the miner stocks LOL 😅😂 For those who think that halving would be a Bitcoin catalyst and expect price of Bitcoin to rise significantly, then wouldn't COIN and MSTR be a safer bet than the miner stocks? Market sentiments are just so weird sometimes LOL.
I can't wrap my mind around what some investors are thinking sometimes 🤷♂️🤷♀️
Would anyone enlighten me?
@TigerEvents @TigerPicks @Daily_Discussion
Modify on 2024-04-20 03:42
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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.
Great ariticle, would you like to share it?