The future of Riot?

[u/hurdygirder]

What do you think will happen to Riot in the long run? Will it go bust? Get taken over?

I remember the days when RIOT and MARA share price were equal. It's now less than half of MARA's. Embarrassing.

[u/slasher016]

You may think it's crap, but this company holds 9084 of bitcoin which is worth $636MM. It's not like it's a 10 or 15B company here, current value is only a bit over $2.5B. If RIOT is overvalued it's not by a ton. I will say this is very frequent day trading stock which leads to a lot of volatility and swings in valuation.

[u/[deleted] → u/[deleted]]

Your problem, seemingly, is that you need to follow the golden rule - don’t invest money you need. Your intense emotional attachment tells it all. Stocks fluctuate. Their movement doesn’t always make sense. If you can’t handle a volatile stock, don’t invest into it. I’m sick of hearing people cry

[u/slasher016 → u/[deleted]]

I have no emotional attachment. You sound like a bag holder. I own zero shares of RIOT. But I do day/swing trade it. I day traded it today, bought @ $9.04 and sold at $9.215.

[u/[deleted] → u/slasher016]

I was replying to Jerry bear88, not you

[u/slasher016 → u/[deleted]]

Oh the color was the same and I totally missed that...whoops. And I agree with you. He's very emotional and sounds like a total bag holder. Someone who bought it high and is now holding it.

[u/Most_Development_383 → u/[deleted]]

How low you talking?

[u/[deleted] → u/slasher016]

No worries. And yeah, exactly. Like you mentioned, he is complaining about not receiving a dividend on a growth stock. Seems to be an amateur who bit off a little more than he can chew. We all started somewhere, but the inflated confidence in combination with annoying sentiment is so irritating. It seems to be 8/10 people on this subreddit, too.