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Miners

Posted on 3/4/24 at 2:01 pm
Posted by jerryc436
Franklin
Member since Jan 2014
516 posts
Posted on 3/4/24 at 2:01 pm
Any idea why the miners such as RIOT, CLSK and MARA down so much today with BTC up so much?
Posted by LordSaintly
Member since Dec 2005
38861 posts
Posted on 3/4/24 at 2:13 pm to
They were WAY overbought
This post was edited on 3/4/24 at 2:15 pm
Posted by White Raj
Member since Oct 2021
325 posts
Posted on 3/4/24 at 2:14 pm to
Because everyone is buying MSTR.

I heard that institutions are just transferring their money from miners to ETFs
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 3/4/24 at 3:44 pm to
They will follow....let BTC get passed all time highs and watch this follow up. Also the market is still digesting MARA's ER from last week.
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40833 posts
Posted on 3/4/24 at 7:12 pm to
MARA is unloading shares on its piggybank called investors. Because no bank would let that dumpster fire borrow money
Posted by slackster
Houston
Member since Mar 2009
84752 posts
Posted on 3/4/24 at 7:30 pm to
quote:

MARA is unloading shares on its piggybank called investors. Because no bank would let that dumpster fire borrow mone


You bring up a good point about their dilution. Holy shite.

They ended 2023 with 50% more shares than they started the year.
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40833 posts
Posted on 3/4/24 at 7:35 pm to
MARA just appreciates their average retail investor doesn't know anything about investing except share price.

Wonder why they anchored this thread
This post was edited on 3/4/24 at 7:37 pm
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