https://grafa.com/news/altcoins-soar-as-bitcoin-drops-in-eventful-week-of-crypto-exchange-169272
Monday, January 15, 2024
$MARA - Ready to Explode? Bullish Options Bet Big on This Bitcoin Miner
Marathon Digital Holdings (MARA) isn't just another Bitcoin miner. They're a powerhouse in the industry, boasting the trifecta: massive scale, cutting-edge technology, and unwavering commitment to sustainability. As one of the largest Bitcoin holders in North America, they're deeply invested in the future of the world's most popular cryptocurrency.
But what makes Bitcoin tick? One key factor is its halving event. Every four years, the reward for mining a Bitcoin is slashed in half, effectively reducing inflation and injecting scarcity into the system. Imagine a pie that gets smaller every four years – there's a scramble for the remaining slices, driving up the value! This event has historically triggered significant price surges for Bitcoin, and guess who stands to benefit? Marathon Digital, with their ever-growing Bitcoin treasure chest.
Unusual Options Activity: A Bullish Whisper?
Speaking of treasure, let's talk about the unusual options activity surrounding MARA (see attached image). Those exploding call options – contracts betting on a rising price – paint an interesting picture. Big players are placing hefty bets on MARA's future, potentially anticipating a Bitcoin-fueled rally post-halving in 2024.
Is this just speculation, or is there fuel to the fire? Marathon Digital's relentless focus on efficiency and innovation positions them to thrive in a competitive mining landscape. Their recent partnerships with Texas energy giants further solidify their access to clean, reliable power – a crucial advantage in the race for sustainable Bitcoin mining.
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The Verdict: Buckle Up for a Marathon?
While the future is never guaranteed, the stars seem to be aligning for MARA. A potentially explosive Bitcoin halving, coupled with their strategic positioning and innovative spirit, make them a compelling option for investors seeking exposure to the ever-evolving Bitcoin landscape. Just remember, like any investment, do your own research and tread carefully. But one thing's for sure: Marathon Digital is more than just a miner; they're building the infrastructure for a brighter, more sustainable Bitcoin future.
Note: This blog post is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
Nitrogen and Bitcoin Cash
Hello everyone. I, like many of you, got into bitcoin gambling with nitrogen sports. As the years have passed, I'm sure many of you have moved on to sites with better interfaces/payouts etc. The site has now rebranded as nitrobetting.eu. One thing that was controversial with their site, was that they did not allow any withdrawals on 8/1/2017, the day of the BTC fork, and the creation of BCH. In a blog post archived here, they said that they "took the initiative to log a static record of each and every account balance after deposits and withdraws were paused on August 1st. This information is important in the event that Nitrogen integrates BCH. We want our players to know that when Nitrogen decides to integrate Bitcoin Cash, balances at the time of the fork will be honored in full." Now, nearly 7 years later, their site accepts BCH as a form of payment. I'm sure many of you were also blocked from withdrawing, but took them on their word that they would pay out their BCH. I am here to let you know, that they are still refusing to do so. Any inquiry I send them, they send me the blockchain transaction from 8/3/2017, saying "it was paid."
They have stopped replying to my emails after this last one.
Fortunately, I kept a thorough log of bets placed/deposits/withdrawals from this site, so I am owed 5.855 BCH.
This was a big deal in 2017, when other books allowed you to withdraw your BTC without hassle, but now that nitro have self admittedly integrated BCH, they need to make good on their promise to customers. If you had any BTC at all in 2017 on the site, and can prove it like I can, please reach out. If you use Nitro to this day, stop.
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