/biz/ - Business & Finance

is anyone here taking a big bet on bitcoin miners? this guy got rich from last cycle

what are some good bags to get? pic rel is a concern? any underrated ones?

>>57466002
They get their cashflows cut in half. That is what the halving does. This forces them to gamble: Sell now while hyped noobs kept the price up, or potentially face bankruptcy. Imagine Powell is lying again and there is a recession after they get their income halved, and their BTC bags dumped, while you are in debt in the middle of expanding your business. Of course many will just not take that gamble and dump on the public. You just need a small impulse and the rest will dump due sell the news mentality. Also less hashrate = less secure network = less valuable network even if tards want to argue this.

Can someone explain how miners can pump on a halving? doesn't this shit cut their cashflow in halfs?
Im considering YOLOing on MARA to get a leveraged position on BTC because I have options trading and I want to own something that I can baghold and hope for another chance if it goes wrong, but who is this to say some of these don't end up un bankruptcy?

>>57445129
Why would you hold paper (nothing) when you can just buy the fucking stock and baghold it? at least you own something and you can hope it pumps again. It should follow BTC price as long as they don't go bankrupt. And that is the problem, how do you know if a miner will not go bankrupt? But I would rather own stock than some paper that says your money can disappear at any time on a scamwick anyway.

>>57445031
>Every bullrun it giga moons thousands of %, they're a high beta play on BTC
Since when does MARA mine Bitcoins? they were some tech company like Microstrategy before they start buying BTC, so you cannot claim that. Most of all these companies have a chart before they started BTC that has nothing to do with current price action.

Also pic related. How the fuck are you supposed to guess which miner is the winer or not.