$Riot Platforms (RIOT.US)$ turning into a trash stock
$Riot Platforms (RIOT.US)$ turning into a trash stock
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Payro Baebee : Yeah, this sh*t is trash. Can't wait to hopefully break even soon. I'm hoping this can possibly fly after the halving but, I definitely don't know. I hope this can at least get squeezed to $100.
egan1 Payro Baebee : why would a miner increase in value after a halving...
Payro Baebee egan1 : From possible buying pressure due to an increase in Bitcoin scarcity. In addition to some possible fomo if it somehow breaks resistance.
egan1 Payro Baebee : yea but they are the ones mining the new supply... idk what you are seeing. if a coal mine suddenly started producing 1/2 the amount of coal you wouldn't expect them to make more money.
103290262 egan1 : Easy, the buyer of this stock is betting that the rest of miners with not so good short term cash to be squeezed out of the business. It’s not like everyone will survive after halving, if the price stays the same.
egan1 103290262 : go long ill take the other side of that trade
103290262 egan1 : Obviously not lmao, relative short term, max a few months after halving then we’ll see. They dilute the shit out from these shares like crazy anyway