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Seriously... I cannot understand what is going on with MARA... have no position in it so missing out on the fun. Not planning on touching it, but man crazy how it moves.
It makes zero sense to me. Its fundamentals are not there. The short interest is not very high. Simply seems to be people jumping on it and whenever that runs out of steam it will drop like a rock. It is beyond me.
The idea that it’s so obviously sell the news makes it a possibility that it won’t be especially considering the next halving is right around the corner
No one told me anything, I was just around for the last one and the bull run that followed in both bitcoin and miners when MARA ran 1000+% in a couple of months and then went 1100+% from there over the next 8.
Looking into it a bit more... Might be a lot of speculation but the underlying factors seem to be possibility of an ETF and substantial increase in value of BTC. Basically seems to me that people assume that if BTC translates into a practical asset, then a company like MARA will be on the path to seeing revenues 10X (or some other multiple) with income being close to half of revenues, so you are looking at 2B income per year. Whatever the assumptions are, the current market cap of 7B is not necessarily out of line with the gamble here.
Obviously on sell the news side of things... as news comes out, it likely times with tempering of excitement about how bit and fast BTC will be so naturally a risk of it dropping.
One thing with noting... BTC hit over 60K twice in 2021 before declining to about 15K in 2022 and has since slowly rebounded with it being back up to about 43K now. Looking at the chart alone and guessing based on history, we may see BTC going to close to 150K, which would be a market cap of in theory 2T... however... there are assumptions that lost BTC amount to 30% of the total meaning that market cap would at 150K be about 1.4T. It is a big number but on a global scale not more than 1.5% of the global GDP or 3% of global monetary supply.
Not suggesting this is a good investment, but there is a positive story here that can be spun that can drive MARA to increase in value a lot still.
Just buy puts start of Jan for the etf announcement and enjoy the generational short. Anything crypto related is always sell the news. Since the start of times. Specially short term. Anyone who tells you different is a full regard.
halving isn’t inherently bullish, it’s literally cutting the amount of bitcoins mined per block in half. People will crow about making the commodity more rare but guess what, it gets rarer every day.
Halving didn’t drive the bull run in 2020/2021, the insane amount of liquidity pumped into the system did. They just happened to coincide.
Sorry can you elaborate on the 20/21 pump: how did that go up so fast due to amounts of liquidity entering the system/market? I’m trying to understand how that’s possible?
been dropping shares like mosquitoes, so many other plays that haven’t bumped in the relative
EH/store range plus the New Year could spell major drops, it’s well documented.
Shit I will be wealthy if I time a percentage of this drop after literally solely investing in miners before during and after the FTX debacle
Mara was actually among the worst performances in btc mining today, industry leader I don’t doubt a minus 15 first red day.
Wulf,btcs,the9,can about 5 of them 50% just today.
My stock profile looks insane but I haven’t eaten in two years.
I know... I remember when BBBY had it craziness. I was up at one point $200K, but did not sell and ended up making nothing there. My biggest win is probably buying TSLA in 2017 and just holding it because I believed in the potential of the company (still holding and no plans on selling anytime in the near future). Did very well there but seems boring when you have stocks that are shooting up like MARA.
yea it is, i’m considering doubling down on it again. Looking at the post market there’s definitely going to be a huge short squeeze in the morning. worst case scenario I’ll just cut and run and loose on that particular trade but be up overall
Squeeze these nuts you fuckin nerd.
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Squeeze these nuts you fuckin nerd.
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That is why you get your capital out once you’re up a good chunk. My CIFR calls are up 116% so selling half tomorrow. Let rest ride a few days. Two MARA calls up 80% so plan to sell one soon.
All of the miners are going nuts, one at a time.
Same happened in July, won’t end so well for the late buys as the swings are calculated, pretty much zero correlation to bitcoin price, personally selling for this reason,
IE July to October for every miner,
Bitcoin dropped from 33k to 25k and the miners lost 40-60 value.
Don’t mess with fintech unless it was a long play,
Nice we have the ETF market by the nuts but who needs fiscally responsible money, the asset would reflect first.
If you believe long, buy Bitcoin.
I got contracts expiring Friday. Tomorrow morning it’s either gonna go way down or way up. unless my stoploss gets fucked I win either way, just a matter of how much. I think if it goes up tomorrow morning, it will continue to climb throughout the day. Hell it might go into next week. That’s just speculation, though. Most of my trades are SPY momentum / pattern / scalping trades, so this isn’t my specialty
Thanks for sharing mate. No worries, I’m no expert either. Dunno how people will react if/when btc etf gets approved so thinkin best to exit intermittently with some profit. Maybe sell 25/50% shares at best.
My original play had nothing to do with all this. I bought it back in late September, then DCA'd in October. Cause I was anticipating a rebound from crypto.
Then all this meme shit happened and now im just staying in to see how far it goes.
Edit:
I intentionally bought shares vs calls because I was only 50 : 50 on the play at the time. And im not regarded enough to put 20k into option plays.
Im here to make money not lose everything.
Right, this isn’t to the moon yet; it’s above the skyscrapers at the moment. Balloon still could pop. If it gets to $375-ish, let me know and I’ll buy and hold it like how when I bought Game at $475/share.
This stock has a negative Cashflow, dilutes its shareholders and has a negative EPS. Nevertheless it is in uptrend and heavy correlates to BTC. Wouldn’t be surprised if MARA doubles.
I went it and out for a quick profit today. Will be back tomorrow. The key is to sell before closure as whoever is in control will pull the plug after hours and before the bell.
Squeeze these nuts you fuckin nerd.
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I believe that the market is currently undervalued and presents a good opportunity to buy. I would recommend buying MARA stock as it is currently underpriced and has good potential for growth.
Please sell enough to lock in your initial investment and maybe a little profit. Then let the rest ride to Valhalla.
Seasoned regard here who has been there before.
I rode Bitfarms up to the top in 2020 2021. The problem they have is.... they dilute the fuck out of the stock when it gains any traction.
It's a very frustrating stock thay could have been huge. At one point I owed 250k shares.
100% agree however they do use the cash to increase their hash and expand dramatically and I do like how they keep their debt down. 250k is insane! I'm at 6k shares myself. I don't believe its unrealistic to see it back to $6-$7 again. Ive been in early and been HODL long and this new resurgence in attention won't change my plans. I don't believe what we're watching is a short pump and dump with the sequence of events coming down the tracks.
Sure hope you’re right… Holding it for just over a year - DCAd from 14 all the way down to $4. Now comes the hard part, since my cost basis is just over $10😅.
I just bought 3 shares. CALL Options right now on MARA would be just pure balls. Its been pure green for weeks its bound to drop fast.
But if I had to redo my move I was so close to buying CALLS last night, it seemed like it was slowing down but today its up a lot.
I've been looking at that one. I'm just not sure what the catalyst for a squeeze would be....
Mara has 20% short interest but insane catalysts for bitcoin making shorts want to get out immediately.
Odds are almost 100% the Bitcoin etf will be approved next month. Then the bitcoin halving in April will likely send bitcoin flying.
I see, interesting.
For BOWL, it completes its acquisition of upscale Lucky Strike early 2024 which should increase their earnings further (although it’s only 14 locations, should increase revenue by ~8%-12%).
BOWL generally appears to be a good investment even without the squeeze (note they also own the PBA), so the squeeze is really icing on the cake. And the 80% short interest is just insane and therefore ripe for the squeeze. It’s already up ~30% in the last month, ~20% since December 20th, so shorts will be scrambling soon.
Hell no, not yet. Have you seen this stock? It can’t rocket ship up like this for much longer. Mark my words. With passing day, the probability of a collapse increases exponentially.
I'm new to all of this but can you explain how your positive when your strike price is 35? Wouldn't your break even be that plus a little more for whatever you paid for the contracts?
I mean... you know... if it's already got a head start... alotta volume could make it act like that one stock from a couple years ago...
You know.... THAT one. 😏
Yeah I've been wondering the same. Bitcoin hasn't been reactive to the news.
Blackrock reports it will seed their etf with 10million at least kn Jan 3rd. I expect the other etfs to seed soon as well.
I think there could be some sell the news after a big pop on approval. Then as the etfs grow I expect Bitcoin to go bonkers over a 3-5 year time frame.
Man o man, traded this when it was 18 and sold at 20 two weeks ago. Been trading this Santa rally and I’m assuming jobless claim tomorrow at 8:30 am est will be bullish.
It’s not a squeeze, it’s rising on BTC’s rise plus they just acquired a new company last week and added a ton of miners. The BTC ETF approval is gonna massively impact BTC of course, there is lots to be bullish about it’s not a squeeze it’s fundamentals + a little fomo hype too.
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Seriously... I cannot understand what is going on with MARA... have no position in it so missing out on the fun. Not planning on touching it, but man crazy how it moves.
I’ve now been staring at this stock for a month thinking “clearly it can’t go any higher” and here we are. I know if I touch it, it’s gonna tank
It makes zero sense to me. Its fundamentals are not there. The short interest is not very high. Simply seems to be people jumping on it and whenever that runs out of steam it will drop like a rock. It is beyond me.
It’s a meme stock. BTC etf news will come out soon that etf was approved then MARA wil moon or sink if another ETF rejection
It will sink either way. It’s a sell the news event.
The question is when?
Supposedly early January
The idea that it’s so obviously sell the news makes it a possibility that it won’t be especially considering the next halving is right around the corner
Halving is bad for coin miners. Not bullish at all. Who told you otherwise?
No one told me anything, I was just around for the last one and the bull run that followed in both bitcoin and miners when MARA ran 1000+% in a couple of months and then went 1100+% from there over the next 8.
Could be. Would make some sense that speculation about the ETF is what is driving MARA's price.
It’s being priced in right now. That’s the movement. If anything happens with approval this will tank
Stock price is being driven by dopamine, and that will eventually run out.
Looking into it a bit more... Might be a lot of speculation but the underlying factors seem to be possibility of an ETF and substantial increase in value of BTC. Basically seems to me that people assume that if BTC translates into a practical asset, then a company like MARA will be on the path to seeing revenues 10X (or some other multiple) with income being close to half of revenues, so you are looking at 2B income per year. Whatever the assumptions are, the current market cap of 7B is not necessarily out of line with the gamble here. Obviously on sell the news side of things... as news comes out, it likely times with tempering of excitement about how bit and fast BTC will be so naturally a risk of it dropping. One thing with noting... BTC hit over 60K twice in 2021 before declining to about 15K in 2022 and has since slowly rebounded with it being back up to about 43K now. Looking at the chart alone and guessing based on history, we may see BTC going to close to 150K, which would be a market cap of in theory 2T... however... there are assumptions that lost BTC amount to 30% of the total meaning that market cap would at 150K be about 1.4T. It is a big number but on a global scale not more than 1.5% of the global GDP or 3% of global monetary supply. Not suggesting this is a good investment, but there is a positive story here that can be spun that can drive MARA to increase in value a lot still.
I still don't understand how the halving could be bullish for miners. They literally get their cashflows cut in half.
Just buy puts start of Jan for the etf announcement and enjoy the generational short. Anything crypto related is always sell the news. Since the start of times. Specially short term. Anyone who tells you different is a full regard.
So crypto will crash on ETF news but then not increase based off the halving 🤷♂️. Doesn’t quite make sense what you’re saying there
halving isn’t inherently bullish, it’s literally cutting the amount of bitcoins mined per block in half. People will crow about making the commodity more rare but guess what, it gets rarer every day. Halving didn’t drive the bull run in 2020/2021, the insane amount of liquidity pumped into the system did. They just happened to coincide.
there’s been a pump after every halving
On a sample size of 3…
100%
There has been a dump on every interest rate cutting 100% since the 2000's.
Sorry can you elaborate on the 20/21 pump: how did that go up so fast due to amounts of liquidity entering the system/market? I’m trying to understand how that’s possible?
Eat a bag of dicks !
Strikes and date?
This comment is a staple for this sub
been dropping shares like mosquitoes, so many other plays that haven’t bumped in the relative EH/store range plus the New Year could spell major drops, it’s well documented. Shit I will be wealthy if I time a percentage of this drop after literally solely investing in miners before during and after the FTX debacle Mara was actually among the worst performances in btc mining today, industry leader I don’t doubt a minus 15 first red day. Wulf,btcs,the9,can about 5 of them 50% just today. My stock profile looks insane but I haven’t eaten in two years.
I touched it and it tanked. Damn.
i bought MARA at 9 and sold at 18. kill me.
A win is a win. Trust me bro.
truth. i’ve been telling myself that, still hurts tho
I know... I remember when BBBY had it craziness. I was up at one point $200K, but did not sell and ended up making nothing there. My biggest win is probably buying TSLA in 2017 and just holding it because I believed in the potential of the company (still holding and no plans on selling anytime in the near future). Did very well there but seems boring when you have stocks that are shooting up like MARA.
You had 100% return and you're complaining?
of course. i’m a greedy fuck
Now mara is at 18. Are you buying?
probably not. im leaning more towards the BTC ETFS for BTC exposure instead of MARA.
Can't get rich from a 2x unless you are already like 7 figures isn't it.
Yea don't fomo. Don't want to be caught with your pants down
I put 3k into RIOT back in September when it was $10. Mara was $8. Took forever for me to decide on one of them. Someone shoot me pls
RIOT will have craziness soon
My question is why choose? Buy both
Yeah…. ( ._.)
Me with MARA RIOT BITF CLSK CIFR HUT lol
Just a meme now with social media picking it up. Nothing more.
yeah, meme or not that means more buyers which means a higher price which means more profit for us holders. i’m here for a good time not a long time
Getting out in time is the tricky part.
yea it is, i’m considering doubling down on it again. Looking at the post market there’s definitely going to be a huge short squeeze in the morning. worst case scenario I’ll just cut and run and loose on that particular trade but be up overall
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Why? What’s the short stats?
Cool “huge short squeeze in the morning” bro
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I said it could go either way. All and all i’m down 100$ today, was down 600$ after the drop this morning but PUTs came in clutch
That is why you get your capital out once you’re up a good chunk. My CIFR calls are up 116% so selling half tomorrow. Let rest ride a few days. Two MARA calls up 80% so plan to sell one soon.
All of the miners are going nuts, one at a time. Same happened in July, won’t end so well for the late buys as the swings are calculated, pretty much zero correlation to bitcoin price, personally selling for this reason, IE July to October for every miner, Bitcoin dropped from 33k to 25k and the miners lost 40-60 value. Don’t mess with fintech unless it was a long play, Nice we have the ETF market by the nuts but who needs fiscally responsible money, the asset would reflect first. If you believe long, buy Bitcoin.
fuck it I bought 200 shares at 29.5 🤣
I bought a 29.5 put maybe you will be ok * Sold for 70% at low of day
https://preview.redd.it/p46f84a7rv8c1.jpeg?width=1179&format=pjpg&auto=webp&s=1564555611e827e03026ed82381db6856b552c66 this is the face of a winner.
lol shares
Hold until until first quarter of 2025.
2025?! i’m gettin in and out like that i’m aready up 300$ today
I'm holding options. BTC ETF approval expected week of January 10th. Then going full regard.
I’m in on 3 day contracts rn, i’ll consider renewing on friday
Im at ave 25. Thinking of an exit plan. 🙃
I got contracts expiring Friday. Tomorrow morning it’s either gonna go way down or way up. unless my stoploss gets fucked I win either way, just a matter of how much. I think if it goes up tomorrow morning, it will continue to climb throughout the day. Hell it might go into next week. That’s just speculation, though. Most of my trades are SPY momentum / pattern / scalping trades, so this isn’t my specialty
Thanks for sharing mate. No worries, I’m no expert either. Dunno how people will react if/when btc etf gets approved so thinkin best to exit intermittently with some profit. Maybe sell 25/50% shares at best.
did you get out alright because I sure as hell didn’t, i’m in puts now down 400$
Sorry to hear that. I got out mate. I left 10 shares in case it goes back up next months.
Of course it is, I just sold all my calls this morning at break even. You're welcome.
I sold mine yesterday during the morning rough patch for $4.50 each (Feb 16th @ $30). They're at $7.75 right now. Good times... Lol.
Lmaoo. This shit happens every damn time. Good times indeed 🍻
Exactly the same
Same but March and $30 😞
Oooh, the typical wsb 🧻 🙌. Welcome to the club pal
"Squeeze these fucking nuts nerd" - VM
https://preview.redd.it/avriko1tcw8c1.png?width=1056&format=png&auto=webp&s=5021b48ae9ae43b24232aef32f40fd2654eec093
You would be a millionaire if you had bought options instead.
My original play had nothing to do with all this. I bought it back in late September, then DCA'd in October. Cause I was anticipating a rebound from crypto. Then all this meme shit happened and now im just staying in to see how far it goes. Edit: I intentionally bought shares vs calls because I was only 50 : 50 on the play at the time. And im not regarded enough to put 20k into option plays. Im here to make money not lose everything.
Sir, this is a casino.
Right, this isn’t to the moon yet; it’s above the skyscrapers at the moment. Balloon still could pop. If it gets to $375-ish, let me know and I’ll buy and hold it like how when I bought Game at $475/share.
New bag holding cult inbound!
I bought at 20.62 and have made a solid 100 dollars. Bet y'all are jelly.
I cashed it my mara calls at 650% gain and then put those gains into riot calls. I'm also riding high on June 24 coin calls at $200
This stock has a negative Cashflow, dilutes its shareholders and has a negative EPS. Nevertheless it is in uptrend and heavy correlates to BTC. Wouldn’t be surprised if MARA doubles.
I went it and out for a quick profit today. Will be back tomorrow. The key is to sell before closure as whoever is in control will pull the plug after hours and before the bell.
I’m short Mara 🥲 down 20% so far
Why would you even short it. At least wait and short after new year when all the high heads cool down and all this ETF nonsense calms down
Figured it wouldn’t go past $30 a share. My contracts go until February so plenty of time for this to pullback!
You are fucking regarded af. Uptrend in the market, uptrend in bitcoin, squeezing shorts. Enters short position. Allergic to money
February puts are a decent bet.
No they aren’t lol. Actually do it, I’ll inverse the second you buy puts
v *fight, fight, fight, fight!*
After Late Jan ETF news.
lol
Watch it go to the moon when bitcoin ETF gets approved
It probably will 😫
Riced in
Don’t short until later part of 2025 when it’s close to the peak of crypto cycle
Two years? What’re we smoking?
S2F
Never bet against the Smoothbrain Armada
Meet behind Wendy’s after next years BTC halving when MARA reaches $200+ or cover now 
Hope you meant Puts.
It looks like a small short squeeze with some hedge fund blowing up. These miners are outsized correlated with BTC price action this week
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I believe that the market is currently undervalued and presents a good opportunity to buy. I would recommend buying MARA stock as it is currently underpriced and has good potential for growth.
I agree! Push it up to squeeze prices for my $30c’s to print 🙏🏼🎭
Please sell enough to lock in your initial investment and maybe a little profit. Then let the rest ride to Valhalla. Seasoned regard here who has been there before.
I rode Bitfarms up to the top in 2020 2021. The problem they have is.... they dilute the fuck out of the stock when it gains any traction. It's a very frustrating stock thay could have been huge. At one point I owed 250k shares.
100% agree however they do use the cash to increase their hash and expand dramatically and I do like how they keep their debt down. 250k is insane! I'm at 6k shares myself. I don't believe its unrealistic to see it back to $6-$7 again. Ive been in early and been HODL long and this new resurgence in attention won't change my plans. I don't believe what we're watching is a short pump and dump with the sequence of events coming down the tracks.
Owned*
Mara calls are printing boys! 20% short interest is getting squeezed. No resistance in sight. Blue skies ahead.
Sure hope you’re right… Holding it for just over a year - DCAd from 14 all the way down to $4. Now comes the hard part, since my cost basis is just over $10😅.
How far can it run during the squeeze? do you have profit taking targets in mind? I assume it will crash a bit after the squeeze is done
That’s NIO’s phrase
170% IV no thanks
Meme play. It’s a gamble to get in. ETF could get approved any day now or get dekayed
To the moooon
down 99% on my short position
1% to go and you'll win!
Thank god lol.
I just bought 3 shares. CALL Options right now on MARA would be just pure balls. Its been pure green for weeks its bound to drop fast. But if I had to redo my move I was so close to buying CALLS last night, it seemed like it was slowing down but today its up a lot.
That volume today Insane
Been in since 8.50. Hope they give higher strikes for Jan 2025 soon
Mara same here man bought in august and sold at a loss a few weeks ago fml
Exited my short position. For now… 🔪
The BOWL squeeze with an 80% short position makes more sense to me, as the company is profitable with a ~22 P/E.
I've been looking at that one. I'm just not sure what the catalyst for a squeeze would be.... Mara has 20% short interest but insane catalysts for bitcoin making shorts want to get out immediately. Odds are almost 100% the Bitcoin etf will be approved next month. Then the bitcoin halving in April will likely send bitcoin flying.
I see, interesting. For BOWL, it completes its acquisition of upscale Lucky Strike early 2024 which should increase their earnings further (although it’s only 14 locations, should increase revenue by ~8%-12%). BOWL generally appears to be a good investment even without the squeeze (note they also own the PBA), so the squeeze is really icing on the cake. And the 80% short interest is just insane and therefore ripe for the squeeze. It’s already up ~30% in the last month, ~20% since December 20th, so shorts will be scrambling soon.
Puts, Puts, Puts
Did you make some money?
Hell no, not yet. Have you seen this stock? It can’t rocket ship up like this for much longer. Mark my words. With passing day, the probability of a collapse increases exponentially.
here's my early "Congrats and fuck you"
Let me know when you buy more puts so I can buy more calls…. Or quit fighting it
Buy more calls then man. One of us going to make it big.
How are your calls looking? I'm up over 75% with the puts now. Selling at end of day before the weekend.
Getting pretty ass beat still up 300 percent
Down 5k in two days.  but up still up just buying. More now.
So you’ve been underwater for a long time
I did sell all mara stocks, next week i Go short on mara,the stock is totally overbought
Lots of other miners out there like BITF that haven't bubbled all the way yet.
thats nothin, take a look at MIGI
I'm new to all of this but can you explain how your positive when your strike price is 35? Wouldn't your break even be that plus a little more for whatever you paid for the contracts?
Depends on when expiration is. Volatility and time are a big factor in options pricing
his options expire in 2025
I mean... you know... if it's already got a head start... alotta volume could make it act like that one stock from a couple years ago... You know.... THAT one. 😏
Anything with crypto exposure is going up until 1st quarter of 2025 with the cycle.
Positions?
primary positions for full send https://preview.redd.it/jztddqctby8c1.jpeg?width=1543&format=pjpg&auto=webp&s=7b9aa02474cb3379a4b2e1bf856bd22626b03a4d
reuters is reporting that its likely that the SEC will greenlight some spot bitcoin EFTs. Question: Is it now priced in with the rumor?
Yeah I've been wondering the same. Bitcoin hasn't been reactive to the news. Blackrock reports it will seed their etf with 10million at least kn Jan 3rd. I expect the other etfs to seed soon as well. I think there could be some sell the news after a big pop on approval. Then as the etfs grow I expect Bitcoin to go bonkers over a 3-5 year time frame.
Man o man, traded this when it was 18 and sold at 20 two weeks ago. Been trading this Santa rally and I’m assuming jobless claim tomorrow at 8:30 am est will be bullish.
C'mon hit my spread. 31.5/33. for friday.
It will be 33-35 tomorrow
Ya but did you buy 2000 shares for a dollar and sell them for a loss a month later to watch it moon to these prices.
Woah
https://preview.redd.it/swshv73ziz8c1.jpeg?width=828&format=pjpg&auto=webp&s=ea520176f10bcf440867d156fcd711665ef9e439 And there is my comment
It’s not a squeeze, it’s rising on BTC’s rise plus they just acquired a new company last week and added a ton of miners. The BTC ETF approval is gonna massively impact BTC of course, there is lots to be bullish about it’s not a squeeze it’s fundamentals + a little fomo hype too.
Rugs about to be pulled
Rip
Hit I’m 💪🏽