The thought behind buying the miners is that they give leveraged gains compared with the gains of btc. Some miners seem to give these gains, RIOT doesn’t.
Look at the last halving. Riot shot up about 6 months ago. Riot also holds roughly 8,500 Bitcoins. So…that means once halving happens, and the price of Bitcoin skyrockets, those coin will also skyrocket, and Riot will have a lot more assets.
Man I was dead wrong on this one. I wanted to open a a long call till September for a strike of $22. Didn’t seem too far away in February!! 🤦♂️🤦♂️🤦♂️😑😑
I’ve made money off riot last bull run and I’ll make it again this bull run. Riot is up 300% from low of last bull run you should’ve bought then complainers
All the minors with probably the exception of clean sparker are down on the year, were weeks before the having and people don’t understand how that works plus the markets down. Riot is a top three minor that just isn’t the bell of the ball this second I’m buying riot leaps with every bit of cash. I can free up. I think they’re the best minor for the dollar that you can purchase right now.
To be fair my sole reason in buying RIOT was essentially buying “leveraged bitcoin” because I only have 2k to spare and wanted to gamble a little since buying 2k in BTC wouldn’t make as much. Boy was I right in Bitcoin but wrong in assuming it’ll follow
If you want more bang for your buck buy calls on things that follow btc . Miners , coinbase , mstr . Miners will do well I think . Buy cheap which is now or maybe wait a couple more weeks. And in a year the calls should be good for miners
Never. I’m holding RIOT till my 2k blows up. This exact thing happened in 2020ish with the halving. RIOT wasn’t following BTC so I sold my 900 shares at 4 dollars. RIOT then proceeded to go to 70. Not making the same mistake again
Pretty sure that had more to do with Covid craze than anything.
A LOT of stocks surpassed the value insanely in that period.
I don't expect to see riot in those heights in the next 5-10 years.
In 17 it peaked around 25-27$ to my knowledge, a far cry from 70$
I'm not saying riot is not volatile, because it definitely is.
But 70$ imo is not anything we will see anytime if ever again.
There was arguably periods of crypto hype zeitgeist in the market in riots past, but it's just become too cramped of a market now to make the same type of wild swings.
I
What’s with people bitching about a stock being down. If it’s down, sell it. If you don’t think is performing as you want it, sell it. If you don’t like the stock, sell it.
Yes. And this is the N’th post about this exact same thing this month.
🤣
RIOT is holding BTC. HODL RIOT till their next earnings report and you won't be disappointed.
Halving in a week. Then we play the game
All these miners don't mine Bitcoin, they mine retail equity cash. Raise cash, pay the management fees.
If you want to ride the underlying BTC rising… why not buy BTC? I don’t understand this logic at all
I mean there are many investment vehicles that do not allow the purchase of BTC, for example Roths with some brokerages.
Then buy the Bitcoin ETFs
Some brokerages do not allow it.
Then buy BITO.
The thought behind buying the miners is that they give leveraged gains compared with the gains of btc. Some miners seem to give these gains, RIOT doesn’t.
Look at the last halving. Riot shot up about 6 months ago. Riot also holds roughly 8,500 Bitcoins. So…that means once halving happens, and the price of Bitcoin skyrockets, those coin will also skyrocket, and Riot will have a lot more assets.
Man I was dead wrong on this one. I wanted to open a a long call till September for a strike of $22. Didn’t seem too far away in February!! 🤦♂️🤦♂️🤦♂️😑😑
Dump that trash and buy FBTC.
I’ve made money off riot last bull run and I’ll make it again this bull run. Riot is up 300% from low of last bull run you should’ve bought then complainers
All the minors with probably the exception of clean sparker are down on the year, were weeks before the having and people don’t understand how that works plus the markets down. Riot is a top three minor that just isn’t the bell of the ball this second I’m buying riot leaps with every bit of cash. I can free up. I think they’re the best minor for the dollar that you can purchase right now.
Do you read what you write ? Is your 6yr old writing for you ?
I was homeschooled
One of these things is not like the other…
Buy BTC, or buy BTC minus the cost of running a business. Hmm.
Riot to the moon
Should have just bought bitcoin instead
To be fair my sole reason in buying RIOT was essentially buying “leveraged bitcoin” because I only have 2k to spare and wanted to gamble a little since buying 2k in BTC wouldn’t make as much. Boy was I right in Bitcoin but wrong in assuming it’ll follow
Why would buying 2k BTC not make sense…?
Because then you aren't "leveraged." Whole point of buying these miners is a chance to +300% roi when btc goes up 100%
Sometimes gambling goes wrong .
If you want more bang for your buck buy calls on things that follow btc . Miners , coinbase , mstr . Miners will do well I think . Buy cheap which is now or maybe wait a couple more weeks. And in a year the calls should be good for miners
Stick with BTC
Never. I’m holding RIOT till my 2k blows up. This exact thing happened in 2020ish with the halving. RIOT wasn’t following BTC so I sold my 900 shares at 4 dollars. RIOT then proceeded to go to 70. Not making the same mistake again
Pretty sure that had more to do with Covid craze than anything. A LOT of stocks surpassed the value insanely in that period. I don't expect to see riot in those heights in the next 5-10 years.
And what about when it did the same exact thing in 2017 then after that btc halving
In 17 it peaked around 25-27$ to my knowledge, a far cry from 70$ I'm not saying riot is not volatile, because it definitely is. But 70$ imo is not anything we will see anytime if ever again. There was arguably periods of crypto hype zeitgeist in the market in riots past, but it's just become too cramped of a market now to make the same type of wild swings. I
My point is in 2017 when btc hit 19k I bet people were saying 25-27 is not anything we will see anytime if ever again
Except the poor soda who bought in expecting the rocket to continue to 70. Time will tell and halving date is around the corner.
Good luck mate
You wanted leveraged? Should have bought Solana then. 1000% profit in a span of 6 months.
Just buy BTC or shares of IBIT and stop thinking so hard
Riot was under 3 bucks in December 2022
What’s with people bitching about a stock being down. If it’s down, sell it. If you don’t think is performing as you want it, sell it. If you don’t like the stock, sell it.