Originally Posted by Halfcan:
All the stop losses were triggered and 7.5 billion of Bit Coin was sold last night.
People woke up to cash into their accounts and will probably jump back in and drive it up.
I suspect a lot of mining companies are going to drop quite a bit because of the Bitcoin sale as well. I plan on keeping an eye on a couple to see if they do drop, and maybe pick some up. Seems to me that bitmining stocks are like the covid stocks of last year. They keep popping up everywhere. [Reply]
Originally Posted by rydogg58:
Seems to me that bitmining stocks are like the covid stocks of last year. They keep popping up everywhere.
A good chunk of them, especially the Chinese based are shady as hell if not downright scams. FTFT, EBON, SOS to name a few. I actually made some money on the first two before I realized what I had bought into. [Reply]
Originally Posted by Rain Man:
Well, that's no good. What are you in?
Gonna guess it's SPACs. Right now the market is destroying anything that is/was a SPAC. Pretty much across the board from what I can tell so there might be some good deals in there?
Look at the last week or month for CCIV which some people are in here or that Fubo that MTG mentioned. Pretty much all of them from what Ive seen [Reply]
Originally Posted by ChiliConCarnage:
Gonna guess it's SPACs. Right now the market is destroying anything that is/was a SPAC. Pretty much across the board from what I can tell so there might be some good deals in there?
Look at the last week or month for CCIV which some people are in here or that Fubo that MTG mentioned. Pretty much all of them from what Ive seen
Originally Posted by ChiliConCarnage:
Gonna guess it's SPACs. Right now the market is destroying anything that is/was a SPAC. Pretty much across the board from what I can tell so there might be some good deals in there?
Look at the last week or month for CCIV which some people are in here or that Fubo that MTG mentioned. Pretty much all of them from what Ive seen
UWMC as well. Fundamentally its a great company with great earnings and is the biggest wholesale mortgage lender in the US, but its still getting hammered by shorts. I'm down quite a bit but keep buying big dips, it's going to make me a lot of money once the market gets over that it started out as a SPAC.
Fubo was a short term play, the day after I mentioned it here it shot up 20% and I got out. [Reply]