Post by
mrmomo on Nov 23, 2023 9:59am
Continue HOLDING....Dismiss the Naysayers!!!
We're FINALLY here my dear friends, we're at the cusp of a MAJOR breakout over $40k and on our way to its old high of ~$66K.............with a minor, brief pause at that stubborn $50K psychological level. And once that happens, efficient miners like Hive will go completely vertical with their stocks prices.
Anyone who doesn't have some expsoure to Bitcoin, either directly holding the actual coins themselves or through a proxy like a Bitcoin miner, then i STRONGLY ADVISE you do so. If you don't have the knowledge, tools, motivation or want the headaches to actually buy real Bitcoins, then the next best thing are those that mine the coins, the Bitcoin miners like Cleanspark & Hive. My top picks for the sector, with CLSK being numero UNO. There are others, but these two are the most efficient & have the most torque whiile also mitigating risk SHOULD something not pan out as expected.
For those aking WHY Hive's stock is stagnating while others are going up, it's a simple explanation. There are bascially 3 BIG reasons why Hive is not moving, and seems stuck in a range. One, it's NOT the most widely known or preffered miner for American investors. American's usually prefer to go with something like Marathon, Riot or Cleanspark. Secondly, due to the share structure and tight float, it leads to Hive not being the most liquid stock to invest or trade. And lastly, probably the biggest reason, I'm pretty certain Hive mgmt have been generously using their ATM facilities and therefore have dampened any upwards movement. But this should change soon, when they eventually stop.
My expectations & prediction? Both Cleanspark & Hive should blow through $10 usd some time before the 2nd half of 2024 when Bitcoin gets close to $50k. It should easly bust through $40k either late this year around Xmas or right after. Then it's off to 50K, which also should be broken through by summer 2024. and all these miners, epsecially the really good ones, should easly double, triple by then. Those with limited funds not able to buy either Hive or CLSK, should maybe consider DMGGF/DMGI. But please note, as that is a smaller miner, a more speculative play, it carries way more risk than Hive or Clask. But the upside with DMGGF is higher as well.
So the message here folks is continue HOLDING, keep buying in phases/batches on the way up IF you have the cash to play with AND then STOP when you've reached the limit you can risk on these plays. Personally, i think you should be FULLY invested in both Cleanspark or Hive BEFORE they reach $10 usd. Which at that point you should stop, as a double from there will be challenging and would require Bitcoin to be on it's way to $100K. Which i believe it will eventually do sometime late 2024 or earlt 2025.
So good luck to all who were savvy enough, smart enough to invest some funds in this booming sector! As 2024 & 2025 should be a major pivot point for all Bitcoin investors and should be very lucrative, financially, as well!
GLTA
Comment by
YupnDump on Nov 24, 2023 7:15am
the naysayers are blowing lots of flatulence..so hold your noses breifly.
Comment by
MrDales62 on Nov 24, 2023 9:56am
I look forward to that. Great day trading stock, not a long term hold, for me personally. GLTA
Comment by
ggrellette on Nov 24, 2023 1:18pm
Very tough to hold this one. Trade it, is the better way to go.
Comment by
Traderstock101 on Nov 24, 2023 9:22am
Ok you basher Day Trader PUMP and DUMP => HIVE go to at $2.00 Canadian soon <=