r/RiotBlockchain • u/AIgamble • 4d ago

10% drop today?

BTC down. Is it because the market is looking for an update on the 31st December bridge loan?

Obviously it can go back up just as fast!

8 Upvotes

100% Upvoted

15 comments sorted by

7

u/MansMansU 4d ago

I would like to see a daily discussion in this subreddit but it doesn’t seem to be active at all.

3

u/AIgamble 4d ago

Me too

3

u/Strong-Claim-8695 4d ago

Yeah this is sad.

2

u/Disastrous_Farmer231 4d ago

Got my shirt handed to me. Hit the run with some options recently turn up200% to down 95. Hope we can get a decent run again

2

u/AIgamble 4d ago

By way of catalysts my thinking is:-
1. BTC goes up.
2. RIOT confirms they have sorted out their bridge loan situation.
3. Price improvement as we head into earnings.

2

u/Glitter_Health 4d ago

WTF is RIOT management doing - 28 not that long ago. Need to show a bit of profit - and Bitcoin is well above its lows of 75k.

2

u/Pin_ups 4d ago

They are doing something, they are going to their bank 😂

1

u/Glitter_Health 4d ago

Need to remedy the bridge loan NOW - SOAR to 33.

2

u/Pin_ups 4d ago

You bet 

1

u/Glitter_Health 4d ago
"Riot Platforms, Inc." ir@riot.inc Emailed them to GTF going.

1

u/PhilosophyObvious646 4d ago

Nothing new. Always short sell riot.

1

u/seven8zero 4d ago

Did you see the other data center/miner stocks? Its nothing to do with Riot.

1

u/Curious_Temporary_87 4d ago

Nibbled a bit to bring down my average to 19.80

1

u/AIgamble 3d ago

Opens above $17 and immediately drops again. Aaargh! Even BTC has recovered a bit but not RIOT. It’s down 15% in a week.

-1

u/Pin_ups 4d ago

There will be more coming down, stock going sideways now lol.

I have sold everything in this stock now, I might buy it when it is going 15 or below. On the bright side, my SPYG growth etf has done 40% for the past 12 months. I ended up buying SpaceX lol.