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Mining stocks are a terrible BTC proxy

The mining business is extremely difficult, risky and competitive

Hodling BTC is the opposite of this

💩 Oh no... remember me some well-known nonsense advice about not investing in #Bitcoin. I need to add this one to this list:

- 🆕️: Bitcoin miners are too volatile

- Bitcoin is too volatile.

- Investing in Bitcoin is like gambling.

- 🆕️: Investing in Bitcoin miners is too risky and difficult 🤣

- There's no intrinsic value behind Bitcoin.

- It's only used for illegal activities.

- Bitcoin will never replace fiat money.

- Regulators will eventually shut down Bitcoin.

- Bitcoin has already reached its peak.

- Investors have nothing to gain from Bitcoin.

- It's just a fad that will soon fade away.

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Discussion

utxo the webmaster 🧑‍💻 1y ago 💬 1

If you were capable of reading you would see I said that they're not a proxy for Bitcoin, pointing out it's fundamentally a different investment than buying BTC

Well done though, big brain guy

coindays.org 1y ago 💬 1

BS. Using Bitcoin miners can serve as an effective proxy for gaining exposure to Bitcoin with a big LEVERAGE. By understanding the optimal timing of your entrance, you can potentially harness the potential benefits associated with mining operations. If you are not a trader shut up and don't write bullshit 🐽🤬

utxo the webmaster 🧑‍💻 1y ago

Lmfao "trader", hfsp

Go long PayPal or something

coindays.org 1y ago

Ma vai a fare in culo coglione