2025-12-30 20:27:34

Bloomberg data shows an interesting pattern: BitMine Immersion Technologies Inc. has tanked roughly 80% from its July highs, yet it's still capturing massive attention from South Korean retail investors this year. The stock sits in second place on their most-watched list—beaten only by tech giant Alphabet. What's driving this phenomenon? It seems retail traders are hunting for beaten-down plays with potential upside, even after brutal pullbacks. The fact that an overseas equity is dominating Korean investor portfolios speaks to how aggressively they're hunting for opportunities beyond domestic markets. Whether it's conviction or FOMO is another question, but the volume and positioning data tell a clear story: when volatility hits, retail money doesn't always flee—sometimes it doubles down on the dip.

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NFTArchaeologist

· 8h ago

Even after dropping 80%, it still dominates the attention of Koreans. How much hype does that take?

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SandwichTrader

· 8h ago

80% decline still holding steady at second place? The retail investors are really gambling with a gambler's mentality --- Wow, this is what they call "bottom-fishing faith"... To think someone values it more than Alphabet, that's bold --- Buying more as it drops? Either they're crazy or they genuinely believe in it... I bet five bucks it's the former --- South Korean retail investors' moves... No different from our A-share traders, all using the same FOMO tactics --- Wait, overseas stocks are so popular among Korean investors? Why haven't I heard of this company before --- No one ran even after a 50% plunge... If there's another crash, the retail investors might as well cut their wrists collectively --- Another story of a "bottom-fishing hero," betting on a rebound. But what if it doesn't rebound?

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LightningLady

· 8h ago

Ha, Korean retail investors are really brave. Still watching after an 80% drop. Isn't this just gambler's mentality? Buying more as it falls. Wait, is BitMine really that attractive? Feels a bit suspicious. Retail investors are all bottom-fishing. I'm just worried about a sudden crash. Honestly, it's just FOMO. Nothing else.

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MEVHunterX

· 8h ago

Even after dropping 80%, people are still chasing, Korean retail investors are really risking it all. --- Is FOMO still genuine optimism? Anyway, I can't understand this move. --- The more it falls, the more I buy. This is the fate of a zero-sum game. --- The second hottest topic only after Google, unbelievable. --- Are retail investors really this good at bottom-fishing? Why do I always catch falling knives? --- Basically, it's a gamble to turn things around—psychological phenomenon. --- Waiting for news of their bottom-fishing failure to appear.

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GateUser-e19e9c10

· 8h ago

ngl this is a typical gambler's mentality, staring fixedly at an 80% drop? Korean retail investors are really unbelievable --- Damn, is this called bottom fishing? I always feel like it's just institutions taking over --- Wait, can an overseas stock surpass the popularity of Korean stocks? What does this indicate... --- Double down on dip sounds cool, but it's actually just losing money and still wanting to turn things around --- BitMine is really hot now, but it seems like the reason for the hype isn't quite right --- I just want to know if these people end up making money or losing it. Can gambling anger actually be profitable? --- So, after volatility hits, retail investors are really the most aggressive... or are they just foolish? --- Korean retail investors' moves seem even more aggressive than those in China --- An 80% decline is still the second most watched... isn't that exactly what a bag-holder would do? --- Conviction or FOMO, that's a great question, but the answer is obvious, right?

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GasFeeNightmare

· 8h ago

Oh no, Korean retail investors' moves this time are just like how I felt when I checked the gas tracker late at night—buying more as it drops, losing more as they buy, and only regretting it after waking up.

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