Miner update - feedback (Patreon)

Hey Team

I wanted to address some confusion regarding the recent miner model update. I regularly update these models, and this was not an endorsement to purchase any miners. I was simply sharing the updated data on hash rates and rankings.

It's important to note that miners tend to issue a lot of shares, aka dilution, which can be detrimental. The ideal time to invest heavily in miners is during a bear market, not when we're more than halfway through the bull market cycle.

For context, I identified the winning miner over two years ago. Most of my position is effectively a credit at nearly $5 because I strategically sold calls and hedged at the right times after initiating a synthetic long position at $2.50. I want to emphasize that I'm not endorsing buying right now.

Additionally, I've noticed that some people are becoming desperate to achieve 4x or 10x returns. Remember, these opportunities are challenging to find unless you employ options strategies, so please exercise caution.

As we are more than halfway through the market cycle, it's crucial to adopt a conservative approach compared to the aggressive strategies used during a bear market. My current focus is on reliable investments that can potentially double or triple, rather than high-risk ventures that might offer three or four times returns.

I hope this update clarifies my stance. While this may not be the most uplifting news, it's essential to adjust our strategies according to market cycles. Again, as I always say billions are made in the bear not halfway through the ball or most of the alpha has been achieved. That doesn’t mean give up hope but take the time to learn study identify assets and think about positions and also think about profit,. Stay cautious out there