RIOT BlockChain Priced In BitCoin!

RIOT is a BitCoin mining company so the price closely follows bitcoin in most cases, but the added valuation and specualtion, in addition to the accessibility to standard markets, makes RIOT a great proxy so long as the reversal we're seeing on this chart continues.

Nice break to the upside. Let's see if we can hold support.


Rational prediction, yet why do you anticipate BTC dropping?
200 coins
When BTC rises, RIOT increases at 3-4x the rate that BTC does. Awesome. HUGE upside and potential. But BE CAREFUL. Riot Peaked on Feb 17th - BTC peaked on Feb 20th. Why the discrepancy? (If BTC is going up, so should RIOT, right?) Then, from Feb. 17th to Feb 26th, RIOT lost a WHOPPING 43.8% of its value. Over the same period of time, BTC only lost 10.3% of its value. So, yes. It gains at 3-4x the rate BTC does. It also bleeds at 3-4x the rate BTC does. I wouldn't make my bets on RIOT based on RIOT. I'd make my bets on RIOT based on BTC. And in the short-term, BTC is likely going down.
+1 Reply
amaloyz tfweinstein
@tfweinstein, plus 1
will go down to at least 25-30 level trading according to btc, which will have a big pullback the week
buying 100k puts
Nice setup!
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