Square Site Map
Bitcoin prices must not only more than triple to $100,000 but should be sustained above this level for miners to remain profitable in 2024 and beyond A Seeking Alpha analysis reveals that Bitcoin prices must not only more than triple to $100,000 but should be sustained above this level for miners to remain profitable in 2024 and beyond. Considering what lies ahead, mining farms, especially those whose shares are listed on bourses in the United States, including Riot and Marathon, are at a critical juncture. There could be a shake-up unless there are changes in hash rate, difficulty, or electricity costs in light of scarce BTC. Uniquely in 2023, Bitcoin mining stocks have been superior. While Bitcoin’s volatility has been tapering and prices pinned below $31,800 registered in late H1 2023, stocks of Riot, Marathon Digital, and other popular mining farms have more than doubled in the last few months. Usually, the performance of crypto mining stocks is closely linked to the performance of Bitcoin in the secondary market. When Bitcoin prices rise, crypto mining stock prices tend to soar and vice versa. However, this trend has been broken due to the divergence between crypto miner stocks and BTC prices in the better part of 2023. In light of the upcoming halving event where miners’ rewards will be halved, questions are being floated on how much the BTC price needs to rise for miners to be profitable. The report says BTC prices must surge above $100,000 for these miners to stay in business long-term. This 6-digit price prediction factors in the crypto mining dynamics and how these farms operate. Specifically, the report shared on Reddit highlights the risks of Bitcoin mining since it reduces block rewards in half, significantly impacting miners’ revenue. Assuming prices remain at spot rates, mining companies like Riot Platforms might have to issue new shares to raise money and secure operational funding. With the new shares, there will be dilution, forcing share prices down. Experts predict that the hash rate, a measure of Bitcoin’s computing power, could also fall by as much as 30% halving. Analysts contend that though the network manages its supply economics with halving, miners will have to spend their input to confirm the same block; a move that will heap even more pressure on top miners and farms. #ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion#
Dicipline or motivation in trading? I think both discipline and motivation are essential factors in successful trading. They play different yet complementary roles in the trading journey. Discipline : 🔹️Discipline is crucial for implementing proper risk management strategies. Traders must set stop-loss levels, position sizes, and adhere to risk-reward ratios to protect their capital from significant losses. 🔹️A disciplined trader follows a well-defined trading plan with clear entry and exit strategies. They resist the temptation of impulsive decisions and emotional trading, which can lead to poor outcomes. 🔹️Discipline helps traders manage their emotions during periods of market volatility. Fear and greed can cloud judgment, but a disciplined trader can maintain composure and stick to their strategy. 🔹️ A disciplined trader continuously learns and improves their trading skills. They analyze their past trades, identify mistakes, and make necessary adjustments to enhance their performance. Motivation : 🔹️Motivation serves as the driving force behind a trader's actions. It helps traders stay committed to their goals and persist during challenging times. 🔹️Motivated traders have a genuine passion for trading. They are eager to learn and enjoy the process of analyzing markets and making informed decisions. And such traders are more likely to adapt to changing market conditions and seek new opportunities. They are driven to stay on top of market trends and adjust their strategies accordingly. 🔹️Motivation fosters resilience in traders. They view losses as learning experiences and bounce back stronger, determined to achieve success. Combining these two qualities can significantly enhance a trader's chances of success in the dynamic and challenging world of financial markets. #ContentStar# ❤️‍🔥
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)