/biz/ - Business & Finance

>>25551605
They will make money as long as bitcoin stays above about 5k. 4k was their break even just accounting for their old miner purchase batch. They haven't made a new info graph to account for the 100k total miners in operation.

MARA mining capabilities project before today's 70k miner purchase

>>24945549
Bought shares and calls around $2. Cost basis is below $2 when factoring in premium from covered calls I sold. I did forget to buyback the ones I sold before the weekend though, so hopefully bitcoin doesn't gap up too hard over the weekend but I'll buy them back at a loss if I have to.

MARA had a 10% weight total for both shares and calls when I bought them a bit over a month ago and now they're weighted over 35%. I sold off my losers yesterday and bought calls right at open and am up 20% on those.

If you do plan on buying back in, just slowly average in. Remember it still is basically a penny stock, but it is going much, much higher. I have 2 scenarios: a price target of between $15-$20 in the short term or holding till mid 2021 and re-evaluating from there. Judging from studying the bitcoin graphs around December, bitcoin will probably crab at this range for the rest of the year until the new year. Letting RSI cool off and all that gay shit. However, that all goes out the window if stimulus somehow gets passed, but I don't find that likely.

I believe pic related is what MARA's mining capabilities will be once they receive all their miners in 2021, but not entirely sure. At current prices, they'd be pulling in close to $350,000 per day. That will generate a pretty healthy EPS.

Just don't forget to take profits along the way. Think of MARA as trading bitcoin with 3x leverage, so if bitcoin dips hard, MARA will dip even harder. I just wish I bought more than 10 2023 $2 LEAPS. Those alone were up over 350% at the peak yesterday.

>>24880834
Correction, MARA mines roughly 15-20 btc per day.

MARA