Steadily dropping again. Not gonna make it thru the 40000 barrier this time around. Probably good to get in again if it drops below 30 or 25. I doubt it will cave to 13 like it did 8-9 months ago.
Well crypto bros now is the time to sell inventor of bitcoin Tekashi69 has announced he has sold all his coins to the Chinese government for one trillion dollars -- it's over. +
It used to be $150+ before the bubble, so, who knows. I'm not adding to my position yet. I don't know how or why it was priced higher than RIOT recently but it was.
Yeah.... That honestly didn't make sense, I know we discussed riot/mara some in the other thread, it's pretty wild to say the least. Personally I'm hoping we have a shot at some easy options depending where this goes next. Or a nice entry to add/get back in, haha
I remember posting about this guy a couple of times a few years ago. I guess he's trying to go dig in the dump again. Poor guy. Man makes last-ditch effort to recover $280 million in bitcoin he accidentally threw out
I'm a MARA option boy, loaded up on them, strike was $11, expire in Feb, unloaded most already. RIOT boy too - shares. Insane ride, but like 10 different stocks are doing the same thing every day in this market.
Feeling the fomo, with the dilution on Friday, it may be my last chance! haha. The economics seem to make sense. Mining cost at $4.5k per btc. https://content.equisolve.net/_4ef3...7/pdf/MARA+IR+Presentation+-+January+2021.pdf Leaning heavily towards buying, and you can't avoid every risk, one lingering fear i have is crackdown on miners over environmental concerns. all this talk of green/esg/climate, seems unsustainable for btc to keep going up and attract more and more hashing power/electricity consumption.
Electricity is neither green or brown so that should not be a concern. DYOR. 40-70% of miners run on green energy generation. The reason is many green energy generators struggle to distribute the power. Hydro and geothermal generators are usually located in rural areas. The closer you are to the generator, the cheaper the power becomes. Grand Coulee Dam (central Washington) is the largest hydropower generator in the US. Iceland has plenty of hydro and geothermal. Both are in cold climates which provide a natural thermo distribution. The energy cost are dirt cheap in the immediate vicinity and real estate is very cheap. Naturally these attract massive mining farms.
I see. It's articles like this that scare me: https://www.channelnewsasia.com/new...ailand-power-energy-carbon-emissions-13945864 Seems unsustainable, as even more electricity will go toward it if prices goes up.
i'll prob buy some shares to scratch an itch, so i don't feel totally left out if btc hits $1mil haha. small position
