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Old January 3, 2021, 04:08 AM
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zman zman is offline
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Join Date: January 20, 2005
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I wanted to add a disclaimer so folks who are interested in miners are aware of the risks. I've traded these stocks since 2016. In my view the time to invest in miners was 3-6 months ago. Once crypto takes off these companies get very greedy and stop caring about shareholder value. When stocks gain a certain percent they issue obscene amount of shares and severely dilute the value of their stocks. RIOT had 60 million outstanding shares and then issued 180 million new shares. Hive also announced something similar recently. These stocks will probably keep gaining for a while but you can expect tremendous volatility and sharp pullbacks every now and then even if crypto keeps gaining. A friend recently bought Hive at 2.50. Few days later they announced new share offerings and it pulled back to 1.50. He wasn't able to deal with the swings and he sold. So just be aware of the risks associated with these miners.
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