BITF upside and targets

31 déc. 2024

Bitcoin mining companies have not taken off yet as many suspected, although many look bullish. However, the cost of mining a Bitcoin has gone up to roughly 90k, possibly explaining why Bitcoin miners haven’t gone up in value.

4 janv.

Ordre annulé

Be careful with BITF because bitcoin mining is barely profitable, with the current cost to mine a bitcoin being about 90K. After this cycle, bitcoin mining is going to struggle to maintain profitability. Good opportunity to short this after this bull cycle. This is not a long term hold, like 6 months to 1 year. Also, these small cap tend to go sideways and then explode, making holding them frustrating to watch and hard to predict the time to sell. People investing in mining may want to look at MARA or HUT8, because even if this goes up 10x its going to be very hard to time the top and may flash crash.