JJ8
2 months ago
Mara share price Spread Triple Top Breakout on 29-Oct-2024. GLTA
PS: Momentum for MARA is strongly bullish. The 14-period Slow Stochastic Oscillator is rising, as investors pay higher prices for shares. Today's volume is on track to be heavier than usual, with 51,420,632 shares having traded so far. The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation by traders as of 1:49 PM ET Tuesday, 10/29/2024
Going_4_It
5 months ago
From Marathon's most recent press release...
"Revenue for the quarter ended June 30 was $145.1 million, compared with $81.8 million a year earlier"
I realize that revenue is not the same as profit, if that is your concern.
Any financial shortcoming they might have will be solved when Bitcoin reaches $95K per coin, which is the point of upside resistance..
I have been on these investment forums for multiple decades and I know how the game is played. It is all about self-interest. Members post disparaging info, sometimes not true or distorted, to get others to panic and dump their shares in the hope that the share price will fall and the poster can buy up the cheapies. This is why this forum and all the others are basically near worthless for relevant investment information. Everyone should do their own due diligence and NEVER make investment decisions based on what they read here.
There are basically only two ways to manage investments that actually produce positive results, Fundamental Analysis and Technical Analysis, neither of which happen on these forums.
All just my opinion...
dale1953
6 months ago
The miners arenβt making Bitcoin. There are solving some sort of difficult mathematical equations that only a certain type of high tech computer can solve (ASICS). And they are competing with other computers to see who can solve the problem first. And in return for solving the problem, they receive blocks of Bitcoin. The more computers that are competing, then the mathematical problems become more difficult. Which means you need more and more high tech computers (ASICS) and energy which is expensive. I know this is a simplified explanation, but I think it answers your question. After each halving the reward is cut in half. So for miners to survive they need to receive higher transaction fees (bonuses) for solving these equations or the price of Bitcoin needs to keep going up. MARA is trying to find ways to lower itβs cost to mine Bitcoin using renewable energy and other means. Personally I think MARA will be the biggest and best miner in the world, but unfortunately Iβm afraid that all their investments for the future is limiting their short term price per share. I think relative to a few other miners they will do great after 2028, but in the near term I have my doubts.