Crypto mining Stocks

Jungletrader · Feb 2, 2023

Anyone here had any experience or has previously invested in Bitcoin/Crypto mining Stocks?

Tokenz · Feb 2, 2023

Might want to talk to Ken Calhoun, he seems to know every possible stock related to Bitcoin

nitrene · Feb 2, 2023

Marathon Digital (MARA) is probably the best of the miners. I believe Robinhood (HOOD) & Coinbase (COIN) are more leveraged plays on crypto currencies. Coinbase is the best I believe since its really the last legitimated CeFi/exchange not including Binance.

COIN is up over 100% from the bottom. MARA is up over 150% from the bottom. MARA looks good for a trade since it pulled back the last few days from $9.50 to $7.50.

Ed48 · Feb 2, 2023

I've a small amount invested in an ETF (NASDAQ: DAPP) which tracks a bunch of crypto stocks including COIN, RIOT, MSTR, MARA.

https://www.vaneck.com/us/en/investments/digital-transformation-etf-dapp/holdings

Jungletrader · Feb 6, 2023

Ed48 said:
I've a small amount invested in an ETF (NASDAQ: DAPP) which tracks a bunch of crypto stocks including COIN, RIOT, MSTR, MARA.

https://www.vaneck.com/us/en/investments/digital-transformation-etf-dapp/holdings

Sweet that sounds ideal as opposed to just picking individual ones thanks a lot

Jungletrader · Feb 6, 2023

nitrene said:
Marathon Digital (MARA) is probably the best of the miners. I believe Robinhood (HOOD) & Coinbase (COIN) are more leveraged plays on crypto currencies. Coinbase is the best I believe since its really the last legitimated CeFi/exchange not including Binance.

COIN is up over 100% from the bottom. MARA is up over 150% from the bottom. MARA looks good for a trade since it pulled back the last few days from $9.50 to $7.50.

Can't argue with 150% increase from the bottom cheers

The_Krakenite · Feb 6, 2023

Bitcoin/Crypto mining Stocks?

Well, I purchased the first ever Bitcoin & Ethereum ETFs the day they went live on the TSX. But I stayed the hell away from the mining stocks. I have asked before and will ask again, why the HELL would someone want to invest in a dead-end tech?

It still amazes me how many people were betting against the Merge. They thought Ethereum would be mined forever? There is even a push to get BTC off PoW before the European Union bans it for the second time.

deaddog · Feb 6, 2023

The_Krakenite said:
Well, I purchased the first ever Bitcoin & Ethereum ETFs the day they went live on the TSX. But I stayed the hell away from the mining stocks. I have asked before and will ask again, why the HELL would someone want to invest in a dead-end tech?

Hell of a ride since the IPO. Hope you aren't still holding.

The_Krakenite · Feb 6, 2023

The bad news is, I lost a bunch of BTCC when despite the preaching of the bears, crypto shot back up shortly after Elon halted purchases of Tesla with BTC. This caused my OOTM short-calls to go ITM and I had a bunch called away.

They flew away...

The good news, is I re-purchased more during the post-Luna & FTX collapse for the fire-sale. If I could repeat this indefinitely, I would be a billionaire.

So.. yes I'm sure still hodling these ETFs.

gwb-trading · May 11, 2023

nitrene said:
Marathon Digital (MARA) is probably the best of the miners. I believe Robinhood (HOOD) & Coinbase (COIN) are more leveraged plays on crypto currencies. Coinbase is the best I believe since its really the last legitimated CeFi/exchange not including Binance.

COIN is up over 100% from the bottom. MARA is up over 150% from the bottom. MARA looks good for a trade since it pulled back the last few days from $9.50 to $7.50.

MARA news...

SEC issues new subpoena to bitcoin miner Marathon
https://www.theblock.co/post/230373/sec-issues-new-subpoena-to-bitcoin-miner-marathon