$Riot Platforms (RIOT.US)$ it's headed back down to five buc...
$Riot Platforms (RIOT.US)$ it's headed back down to five bucks. the days of bitcoin goes up and riot and Mara go up lock step or done it's over these companies are hated by democrats because of their consumption of electricity and there's even though many of them so you understand you solar and sell to look utilities they are hated by the Democrats and there's legislation before Congress to hammer them with what's called abatement taxes which is pollution taxes just like if you're a coal plant.. so not only do you have the head wind of insiders selling and dilution of stock which is terrible as a shareholder but they having is going to result in lower revenues if Bitcoin stock doesn't double which means the stock will definitely be headed lower I mean look you miss earnings by a penny what happens your stock is taking out back and shot if you're revenues are down year over year your stocks done so why waste time in garbage when there's great companies out there that can be bought that don't have pending political legislation that imposes an expense based off a consumption of power and why being a company with insider selling and dilution it's just too much headwinds they have the stock advance
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Censorship here : Agree it’s going low, but this is what happens every halving we all knew miners would dip during the halving. They aren’t tied to bitcoin as much atm cause they selling to upgrade their hash rate all this is expected
10baggerbamm OP Censorship here : the ability for mining companies to achieve the same exact revenue requires bitcoin price to double to invest in a company where you need their product to double in price for them to have flat revenues is asinine because it has nothing to do with economies of scale or efficiencies of operation but everything to do with the underlying asset so Bitcoin is falling guess what these stocks are headed straight down to the crapper they're going much lower
Censorship here 10baggerbamm OP : O I see your a Prema bear you have no real understanding of bitcoin . Bitcoin has been running for 7 months this pull back is expected and needed I have no doubt by end of year bitcoin will be around 100 k and miners will set a new 52 week high
10baggerbamm OP Censorship here : it's real simple when it's back down to five bucks you're wrong it's as simple as that riot and Mara were the two key mining companies two and a half years ago when Bitcoin broke out from $17,000 and started rallying and every time Bitcoin went up they went up but now they're all done clean spark every single one of them they're done and I do know about it I got a hell of a lot more experience than you do I can guarantee you that and I can tell you when your revenues are not growing your stock gets destroyed and these companies are all done because their revenue stream is contingent upon the bottom line price of Bitcoin nothing less nothing more
Censorship here 10baggerbamm OP : A half a year ago they held massive amounts of bitcoin on their balance sheets now they do not cleanspark is the only one still holding on to massive amounts of bitcoin root has sold so it can upgrade its hash rate see u don’t know what your talking about . I agree it will drop to $5 but in 8 months this will set a new 52 week low ur stuck worrying about the it not moving with bitcoin anymore when it’s simply reason why its not but seems your to lazy to look at the facts
10baggerbamm OP Censorship here : they sold the Bitcoin and they diluted shareholders and insiders are selling that's three strikes simple as that
Censorship here 10baggerbamm OP : Your a Prema bear
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Censorship here 10baggerbamm OP : I’ll be buying shares at $5 and will make a easy 800% you do you
10baggerbamm OP Censorship here : oh so that means it's going to go from 5 to 40 right good luck pal I couldn't make it past what $21 in 4 years and now it's going to double that I don't think so
Censorship here 10baggerbamm OP : U literally have no understanding of crypto or its miners
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