@AdamBLiv Serious question as a Bitcoin believer and digital credit believer would it be retarded to not use margin to buy data or am I retarded for thinking?
@RJCcapital Can’t wait hood also has 5% per year too right I think last time I got margin called and pdt flagged multiple times to the point I had to switch to cash account I’m going straight back to margin let’s get this money 🚀🚀🚀
@ryansfinance It’s more then 100 you have to pay for insurance appliances etc. I’m sticking to rent for a while I also believe I can out invest the rise of price of the house and with a mortgage how long is it I would hate to be in debt
@AdamBLiv If asst keeps dropping ideally $14 I will go back to buying.
Saying this in words actually now instead of just thoughts makes me realize pretty stupid.
@TakatotoSanoshi I don’t think it’s slowing down I think it’s speeding up but if you think gpus will tank in price won’t be a demand for them AI will disappear don’t invest in IREN
He isn’t wrong not at all but he’s asking the wrong question.
The question isn’t whether $IREN is a good company. It’s whether the market is pricing it correctly! If you think it is for all means do not buy it
Is it still being valued as a bitcoin miner? Can it actually execute? Or does the market already see and hear what it can do and it just doesn’t care?
If you believe the market is missing something then there is a real gap between what the price says. then you should buy it.
Here is what most people are skipping.
An idea without a catalyst or something big to happen is just an opinion. You can be completely right about a company being undervalued and still lose money or wait five years for nothing to happen.
What’s the events that forces the market to reprice it?
In the last 6 months $SPY is up 12.44%.
In the last 6 months $IREN is up 9.82%.
You would have made more money in a passive index fund than holding this company. And that is before you account for the volatility of riding it from $60 all the way down to $30 and back.
The pitch is always the same. Power secured land. AI pivot coming. Big things ahead.
The market has heard it. The stock has not moved in six months while the entire market ripped.
I genuinely do not understand what the bull case is here at $17 billion. The people still buying this need to explain it to me.