Definitely but the price of Bitcoin has been quite steady around Ā£39k-42k, whilst riot is down more than when BTC was 35k.
I think this explains it, the margin Riot and other miners make is much of a muchness when Bitcoin is between Ā£39-42k. Therefore the fact the SP is falling must be due to some other factor, such as a general market rotation into āsaferā stocks or other cryptos e.g ethereum. The hype around miners has well and truly dissipated for now at least.
I think you have had people buying these miners who shouldnāt be here. Happens with every hyped industry. Then at the first sign of trouble they sell and move on, rather than commit.
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Is this going to drop back to $6 or should I take profits or just holdā¦ My average is $5s this price got all my loses back from previous tradings so I donāt want to lose it all again! Yes Iām relatively new to trading and could really use someoneās genuine adviceā¦ 
Hopefully you held.
I did and keep adding when I canā¦ How low do you think this will go before it goes back up as my daughter wants to buy in
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hope your daughter managed to buy in
The price is dropping, just wondering if itās time to load up.
I read a comment another day on SA from a guy saying that people who are only interested in gaining some exposure to BTC are simply selling their mining stocks and moving their investments to BTC ETFs. So, they avoid any bad management decisions. Iām not really sure if itās accurate, but it made me wonder if thatās the reason stocks were dropping while BTC was rising.
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Some analysts suggest that RIOT and the other mining platforms stocks are hot potatoes at the moment, as a halving event is expected in April. Need to get my head around the cycle, these are uncharted territories for me. And there seems to be a certain degree of uncertainty around how the minersā stocks price will trend this time.
I think I will keep my small bet in place for now, averaging down if I get a chance. It might be that I am just getting the timing wrong, starting buying too early.
Are you investing in individual bitcoin mining stocks or ETFs?
Never understood the whole halving thing. I can understand the rationale for it, but surely itās detrimental to BTC miners if the rewards they get for mining decrease?
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The halving event affects the miners negatively unless the price of bitcoin is over a certain level (so they can still make a profit). As far as I understand the price of bitcoin generally goes up until the event and then dumps just before / after it happens. Riot was a great but at $7-8 (I missed it), not sure if I would buy in nowā¦
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Thanks, really struggling to understand miners and BTC in general.
Yes. My problem is the entry point for these is pretty high now. Got Ā£100 of BTC when is was 16k so that is working out, but cannot see the upside some people are talking about from here on.
Other interesting coins that have real world applications worth looking into and still very cheap:
IOTX
JASMY
STORJ
MDT
VET
SIACOIN
ANKR
Success is obviously not guaranteed and they will all crash if BTC goes down, but they offer huge upside still. Worth researching further if youāre looking to get into coins.
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The estimated cumulative outflow to ETFs is $12bn and miners are taking a big squeeze. This is now more unpredictable than my ex, I run for the exit 
Yeah, more research and less casino style trading 
Mining anything is a hard to understand business, from investorās perspective.
Regarding BTC, these videos can help to understand the situation and future of BTC mining. They are not investing advice, though, and I guess they point that mining is more a bad investment than a good one.
and this
