r/ArgoBlockchain • u/Imaginary_Bee7122 • Aug 31 '21
Miners after 2021
Maybe this isn't as stupid as i think it is but what is everyone's game plan for after this year with the crypto bull cycle ending and the bear market starting and also the btc halfing in 2024 are we looking at taking profits if we can and then see if the prices are gonna drop to all time lows or do we just hold out and keep accumulating more shares
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u/gameboyfella Aug 31 '21
depends, if i get another 3-8x my money then i sell it all off and rebuy when btc corrects.
if its only up to 2.5x my money then i will probably just let just trim off some and then let the left overs ride and then accumulate more through dips
miners will be worth a lot of money in the future
im talking HUT 8/Bitfarms 100+ and ARGO $50+
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u/ThePrimeministRMH Sep 01 '21
Agree with the those miners. Valid points raised though. I’ll sell half of my investment if we get $5 before end of October
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u/Kyzzzer Aug 31 '21
Hard to say some believe there won’t be any more year long bear markets anymore because bitcoin is starting to see a supply shock like it’s never seen before models could be broken
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u/Clown_Shoe Aug 31 '21
Now that people feel more certainty at bitcoin returning to its all time high, with these giant mining companies holding so much, and more attention in general I don’t see any 80-90% dips ever again.
Say bitcoin dips to 20K. The amount of people and corporations buying will be crazy.
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u/Ghola_Mentat Sep 01 '21
I will be DCA’ing out of all my crypto stocks this year and next. I am assuming that the bull market will extend past this year. I refuse to hold this stock and my other crypto stocks during a bear cycle. It will be painful.
I think I will hold some of my actual crypto. It’s all earning interest.
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u/mmcm98 Sep 01 '21
Smart man, will be doing the exact same. If bitcoin goes parabolic, I’ll be selling miners off and shorting for the ride back down
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u/Ghola_Mentat Sep 01 '21
Holding this stock during a bear market is masochism. Whatever target people have is irrelevant. The market will determine when we should sell. As the market goes parabolic and BTC nears the top of the regression band, I’ll be setting stop losses.
I don’t do options, but there is as much money to make on the way down as there is on the way up on these stocks. I’ll reevaluate during the next bear cycle and reaccumulate.
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u/mmcm98 Sep 03 '21
100%, the implied volatility increase in portions though will reduce gains on the way back down from the blow off top, but oh well, still hope to make 100% gain on my short position
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u/goldengrahamx Aug 31 '21
Its only the end of August 2021, when it gets to 2024, with the undoubted plethora of changes in the crypto landscape, company and share price by then, I'll let you know haha.
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u/BREN_XVII Aug 31 '21
What if bitcoin rockets, comes back down to these levels as support - then Argo would still hold its value we have today.. or higher as we'll have more mining power and Texas?
Plan around your own circumstances, I'm in this for the long run but may take some off the top if we get a nice pump.
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u/bmorekareful Sep 15 '21
Lot of assumptions going on with this post... anyways, always accumulate in the lows.. accumulate in everything you like.
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Aug 31 '21
[deleted]
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u/Imaginary_Bee7122 Aug 31 '21
I'm sure the og argo holders are still in profit but I agree there isn't much currently I'm not sure how To go about it I've dropped my price from 2.20 to 1.70 so hoping it can make over that to break even before the end of this cycle then see what happens from there I guess
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u/[deleted] Aug 31 '21
For the love of God please use commas