So many people are gonna get burned on Bitcoin stocks.

Reply to this note

Please Login to reply.

Discussion

🔥🔥🔥

isn't that the reason they exost? 🤣🤙🤷

I own a few because I believe in the companies not because they are Bitcoin holding companies. As an example, I own Block. I don’t hold enough to cause any real damage if the company doesn’t succeed. We should support companies that improve the Bitcoin ecosystem. BUT, if a company isn’t profitable prior to owning Bitcoin then it most likely won’t be afterwards.

Not your keys not your coins 🤷‍♂️

They’re the new altcoins

💯

Someone could be down more than 50% on KDLY today alone!!

Yeah that insider -> announcement jump was blatant

There’s a sucker born every minute.

I mean, if they buy tops, sure.

I've got a rollover account from my corporate days that I essentially day trade in. I'm pretty much free rolling on almost all of my Bitcoin tangential plays save for MSTY and I'll be there in about 4 more months.

As long as people aren't idiots, they'll be fine especially as Bitcoin runs. I do worry about there being too many Strategy copycats though so you do need to be selective there.

Read the first sentence of that last paragraph like 10 more times

tldr o_0'''

What’s the path to being burned? Like the company fails or are you talking paper bitcoin??

Every one of these companies is levering up and you people expect all of them to just be fine?