Replying to Avatar Bill Cypher

When bitcoin first lifted off the bear market bottom, the miner stocks outperformed bitcoin. The downside to that play is any money you put into it means you own less bitcoin for the duration of the trade. There is a difference between the real ownership of airgapped self custody validated by your own node and any paper asset like a stock. That difference has a value.

Avatar
WhiteRabbit 2y ago

Mining stocks are a shitcoin with 100% downside.

Reply to this note

Please Login to reply.

Discussion

Avatar
BoomTown 2y ago

Equity is a residual claim … bankruptcy wipes out all equity stockholders to zero. Applies to all companies, including publicly traded miners.

Thread collapsed