Cryptocurrency Q&A
Should you buy marathon digital (BTC) if bitcoin's price fails?
Should you buy marathon digital (BTC) if bitcoin's price fails?
Riccardo
Sat Nov 23 2024
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5
answers
1044
I'm considering investing in Marathon Digital, which is closely tied to Bitcoin. However, I'm concerned about the potential impact of a decline in Bitcoin's price on this investment. Should I still buy Marathon Digital if Bitcoin's price fails?
5 answers
SolitudeSeeker
Mon Nov 25 2024
The performance of BTC's price is crucial for its mining profitability.
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EclipseChaser
Mon Nov 25 2024
If BTC's price fails to increase significantly, mining costs will skyrocket.
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DigitalTreasureHunter
Mon Nov 25 2024
This would lead to wider losses for miners, as the revenue generated from mining would be unable to cover the increasing costs.
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ShintoBlessing
Mon Nov 25 2024
Marathon Digital is considered a highly speculative stock due to its reliance on the volatile BTC market.
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Chiara
Sun Nov 24 2024
Despite this, investors who believe in the long-term potential of Bitcoin may still see Marathon Digital as a stock with room for growth.
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