Day traders Paradise.....NO DOUBT about it!. Whether you're just a casual investor or an agressive short term trader, especially an active daytrader, the crypto mining space is/was THE place to be to start off the New year for January 2023. Anything else would have been a waste of time, money & energy. The Bitcoin mining stocks have been on FIRE since we entered the New year, and it hasn't stopped one bit. I'm no day trader, more of a swing trader & long term investor really, but for someone that is and is good at it, you could be making a small fortune here. All thanks to the revival of Bitcoin.......
It's too early to tell, but from the looks of it, today seems like another great day for the Bitcoin miners and more gains for those savvy traders who got in early & at the low end of the pricing spectrum. As the saying goes, "To the victor go the spoils"! Or in this case to be more specific, "To the smart, savvy & perceptive ones"! If you were part of this group and saw the signs early and got in at the low end of these much depressed stocks, then a full congratulations is in order.
For those that missed out, i don't think the party is over JUST YET. I think there is still time & profits to be made here, temporarily, before an imminent pullback and the eventual BIG move that will follow. Like i've menyioned previously, I'm not entirely convinced this the THE move to go back to previous highs, i still think there's some retraction & consolidation to be done before that happens, but i think some time this year...... it will come. Maybe starting around the summer and blasting off before year end. As for Hive, it should be one of the better preformers out there, as one of the stronger, more financially stable players around......and one of the safer bets for risk mitigation. So imo, you CANNOT go wrong by investing in HIVE!
So enjoy the ride & the gains folks!
GLTA