4 ms·
Sure, maybe the books of these companies are not as cooked as implied in the article, but the question remains: How does a company who spends 31k mining BTC th
by gitfan86 4y ago
Sure, maybe the books of these companies are not as cooked as implied in the article, but the question remains:
How does a company who spends 31k mining BTC that is currently worth 30k and pays their executives tens of millions in compensation work out in the long run?
- mirceal 4y agohere is the thing. there are good investments and bad investments. good execution strategies and bad execution strategies. i have no doubt that a lot of these companies will go belly up. happens in every new domain where there is a lot of uncertainty and FUD. So the question is not: how does a company ... work out in the long run? the question is: which company actually does things in a sane manner and will survive to be a dominant player in the space once the dust settles?
- wyager 4y agoIf you're confident in your analysis you should take a short position.
- gitfan86 4y agoLOL, Financial derivatives are the exactly problem with the markets today that I'm calling out. Everyone is trying to figure out how to make a "trade" that will make money. The last thing I'm going to do is enter into a financial contract that can be short squeezed and margin called.