Topic: Mining stocks outperforming Bitcoins itself (Read 198 times)
I wonder if this has something to do with the recently-hit hashrate ATH. Interesting comparison, but.. how accurate is it really? The mining graphs seem to be on a decline in the first few months; what if we compare August levels instead of January ones? Bitcoin was, IIRC, $3k in Q1 2019. That's around 300% growth from last Jan 'till today. Would the mining stocks have been even more profitable if one had bought them around Jan'19?
In a recent article it has been stated how the mining stocks in the US are outperforming Bitcoins even though the price rally of Bitcoins have seen incredible upsurge before jumping into the resistance which I do think will be helpful for people who want to ride the rally in the future.
https://www.coindesk.com/mining-stocks-are-beating-bitcoin-in-a-bullish-cryptocurrency-market
Let's look at some facts first:
An amazing investment opportunity for the people here .
The figures are clearly stating how it can benefit people by investments in the future.
Why are they rising higher than Bitcoins?
https://www.coindesk.com/mining-stocks-are-beating-bitcoin-in-a-bullish-cryptocurrency-market
Let's look at some facts first:
Quote
Over the past year, two cryptocurrency mining companies – Riot Blockchain and Marathon Patent Group – have gained 97% and over 128 percent, respectively. Bitcoin is up 3% in the same period.
An amazing investment opportunity for the people here .
Quote
After reporting less than $5 million for most of July, Riot daily volume also skyrocketed to a record-setting $58 million on Aug. 3 shortly before setting a new yearly high of $4.58.
The figures are clearly stating how it can benefit people by investments in the future.
Why are they rising higher than Bitcoins?
Quote
“It’s also natural for mining stocks to rise faster than bitcoin because investors are pricing in a bull market, which could cause revenue to balloon,” Watkins added.
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