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/biz/ - Business & Finance

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57898425 No.57898425[DELETED]  [Reply] [Original]

>MARA at 69k peak last cycle
>$83
>now at almost same price
>$22
>CLSK at 69k peak last cycle
>$43
What went wrong with miners? Does anyone hold any big bags? Which ones? Is MARA at risk due shitty financials like debt etc? Will CLSK take #1 spot? Any up and comers like CIFR or IREN worth getting?

I want a good entry spot, but I dont want to get diluted, or diversify my portfolio into losers. What do I buy with 100k?

>> No.57898512
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57898512

>>57898425
>What went wrong with miners?

Dear drooling retard.
Learn what dilution is.
MARA basically topped out at the same ATH just a few weeks ago as it did in 2021, which was around $7 billion. But because they diluted so heavily to raise money to retire old machines and grow, they issue more stock which lowers the value of existing shares.

tl;dr you got dumped on son.

How do you get into this without knowing the ABSOLUTE fucking bascis like what a market cap is you absolute newfag.

I was long MARA from Nov-22 until January 2024. Now I'm short until it hits $10 again.

>> No.57898518
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57898518

>>57898425
>Tattoo