i own more ETH than BTC but this criticism is wack and feels like it's written by someone who knows nothing about crypto. there is 0% chance that a majority of miners agree to raise the supply. the 21 million limit is the most important driver of its value. and how is buying RIOT better than directly investing in BTC? their value is directly derived from mining bitcoin, and the only way they can make money is through buying incredibly large quantities of hardware that will be obsolete within a year. there are other risks too... what are these companies gonna do if proof-of-work mining becomes obsolete and we move to proof of stake like ETH is? worse is that any company can get into the bitcoin mining game easily, it's not like any of the technology is proprietary. these mining companies gonna have a lot of competition in the future, and it's not clear that they are the ones who'll survive. long-term, i'd rather bet on BTC itself, which at this point is a proven store of value, than any individual company.
that's tough to beat
![[Something Cool]](/data/avatars/m/1/1586.jpg?1601998769){kind=avatar}
I totally blew it today, I saw the premarket movement on this and put a limit order at $1.40 and got too busy to check if it cleared with my other orders. Came back later in the day and it was already over $2.70. I actually looked into because of your original post.
if it runs too long, a pullback might still be above current level
