My mining stocks are up 200% but I got in at the bottom a few months ago. Still, I think your strategy would work as this doesn't appear to be priced in yet. Might not stay that way for long though.
I was thinking that when next quarter's revenue numbers for mining companies are released they are going to be able to show a massive income spike across the board.
Since we know this now and mining companies stock prices are depressed would it not be plausible to deploy shitty fiat into mining stocks now, wait for Q2 numbers to be released, watch the laggards pile in and then cut, run and buy Bitcoin with the profits?
Or am I just being stupid?
I realize I am suggesting playing in the fiat clown show but as a thought experiment I'm wondering where I am wrong.
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Discussion
Mine are down about 70% still. As can’t invest pension in bitcoin in UK, mining stonks were only option. Transferred everything at absolute peak in Nov ‘21 🤣. Some are coming back better than others and wish I’d avoided a couple of them. In time I recon most will be back. They do trade with extreme volatility - someone described it like bitcoin with 10x leverage which seems about right. So far the increase in fees has had no positive effect. My portfolio was down an average of 9% on the day yesterday so do watch out for that.