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Re: HaasCat post# 218

Friday, 10/27/2017 9:00:56 AM

Friday, October 27, 2017 9:00:56 AM

Post# of 449
Yeah np! A lot of people are in a frenzy because crypto prices are so high.

Now, some are just riding the waves and making trades. Others seem to think that "when BTC proces hit 10k this thing will be worth 10$" (or whatever). There's a LOT wrong eith this. 1, BTC might not do that, major speculation there. 2, EVEN IF IT DOES go up to 10k or 100k, there is NO direct correlation between that and your stock price. Is it possible it will raise the price of your stock? Totally! Is it likely? Probably not, depending on the sector.

I see companies saying they are getting into crypto and MJ, or mining rigs. Cryptocurrency prices won't nevessarily have much affect on the profitability of such ventures.

If people think bitcoin is going to 10k or 100k them just buy bitcoin! Or trade your way up ridig these things through the trips. I would be VERY cautious in going "long" on any of these trips that suddenly get in to the crypto sector out of nowhere.

Just my .0002 cents :)

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