6Mon·

IREN - Comparison of its competitors

$IREN (+7.59%)

$MARA (-0.06%)
$RIOT (+1.28%)
$CLSK (+4.7%)
$BTC (-0.3%)

6 Comments

Chris@Multibagger

6Mon

Didn't you recently write that $IREN is only doing so badly because they are considered Bitcoin miners and that's too short-sighted because they can do much more? Or have I got something mixed up with all the interesting posts I read here?

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BamBamInvest@BamBamInvest

6Mon

@Multibagger right, but it is still their main source of income and should show how effective they are.

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Singulus@Singulus

6Mon

But when will more people realize that? The market environment is super sucky for Irish right now.

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BamBamInvest@BamBamInvest

6Mon

@Singulus that will be the question 😁 for whom is the environment not corrosive 😂. Everyone should be patient and aware of the risk, it can go even lower.

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Chris@Multibagger

6Mon

@Singulus Well, in phases like these, there is no rational action on the stock market. There is no trading in the future and no valuations. At the moment, everything is being corrected. Hence the correction. If it were to stay that way, which I think is unlikely, it would soon be over, perhaps another 10% in the indices. The next phase is the bear market. In this phase, things will continue to go downhill over a longer period of time because the outlook will then be adjusted and with it the price targets. In theory, this could take months or even years. I do not expect a lasting upward trend before the fall. However, technical counter-reactions are of course possible.

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BamBamInvest@BamBamInvest

6Mon

@Multibagger Let's see what happens this week, it will be decisive for a bounce or a further downward push. However, I assume that we will move up again in April and, as always, it will happen relatively quickly when it comes. ✌️

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