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Exactly right, buy when others are scared. I'm buying more HUT, I have been buying all week. After looking at Bitfarms and Hut8's earnings release, it appears I chose right. Hut had better earnings. Still waiting to see who the winner of the Nasdaq race is going to be. Bitfarms, HUT8, or ARGO. Place your bets
Bottom probably today or tomorrow. Lot's of support levels, down to 45K. When Futures expiration is over this week. everything will be going back up on Monday
Futures expiration this week. It will start moving up again on Monday. HODL, all is fine.
Earnings report is outstanding.
"Hut 8 Fiscal 2020 Earnings Release: 246% increase in Working Capital, $40.7M in Total Revenue, 87% Y.O.Y Increase in Net Income Before Tax"
Will wait to see what Jaime has to say. Lot's of good news in the report.
There isn't one, HODL and you'll be fine. Every month gets like this week, with Futures expiration.
Iv'e been buying more HUT this week with the dip. Suggest everyone should, with earnings tomorrow and NASDAQ, coming. This bull is gonna run!
BTC still above 54K. I thought you could see 52K, why aren't you laughing, lol. Let's not forget 30K is just around the corner, amiright
Short people are something ....
Are you seeing things the rest of don't "Looking like 52k bitcoin" I'm seeing $53,986. Up and down movement. But, certainly not 30K, like your last prediction and not 52K either
That's good to hear, 5,000 more miners coming, and leaving Slush pool. Contract is up with Slush pool tomorrow. With EH over 1.4 later this year.
Last Friday was a good day to sell, but this Friday won't be. F2POOL will stop selling by this Friday or sooner. Load up now and buy the dip.
Hobo, earnings release by both, at the same time. Nothing has been said, by either company, about when the uplisting is going to occur. Soon is all they will say.
Yes, both are seeking to uplist. As well as Argo too. By the press releases made by both HUT and BITFARMS it seems to me that HUT is ahead by a couple days, in the race to uplist. Why BITFARMS announced on the same date and time as HUT, is beyond me. I will try to follow both but it really shouldn't matter. Earnings for both should be pretty strong. As well as future growth. Although the future is favoring BITFARMS at this moment. 1.3 EH, with 3 EH by years end. I'm hoping Jamie makes an announcement about more rigs and PH.
I agree hobo, it is part of their business strategy. Looking at the recent shelf prospectus it seems to me that both HUT8 and Bitfarms filed the dilution proposals to comply. in whatever way, for the NASDAQ. A dilution may be coming for both of these company's, but that possibility was always present. As it is with all miners.
HUT8 is my favorite miner stock as well. I sold all of my HIVE, HASH(digi), MSTR and some of my ARGO. To buy more HUT. IMHO HUT is ahead in the race to the NASDAQ. With Bitfarms a close 2nd, ARGO 3rd.
I'm 50% HUT, 40% BFARF and 10% Argo. My 1st miner stock was Hashchain(digi) bought in 2018, rode it out until Feb. 2021. I lost $$$ on it. My worst investment, I went through a R/S and held on for over 2 1/2 and never saw green. Yet I made lots of $$$ with my other 4 miners and MSTR. Be careful with your small miner plays, CCTL and HASH. I can't wait for Thursday to get here !!! GLTA
Futures expiration next week, might be a good reason why.
HODL is the only way to beat the shorts. Look long term and ignore day to day volatility. The potential here is outstanding, to say the least. Earnings release next week, we should see a lot of movement. Futures expiration, will probably be a driving force down. So, a lot of volatility coming.
It's because of the Federal Reserve's actions today. Close to 0% interest rate for this year. But, still gotta print lots and lots of $$$. Printing presses will be working overtime.
Next up, coming in a month, will be a 3 trillion $ infrastructure bill. So that the corrupt politicians can pay off all their rich friends.
DGB market cap is $962.6 million whereas the market cap for Bitcoin is $1.1 trillion. I think I like them just as they are. Why invest in a fork off of BTC, when you already mine and own BTC. I know they own DOT and Zcash but I did not invest in them because of those other 2. I only own them for their BTC holdings and because of their BTC mining. All else is inconsequential to me.
Isn't this the same as what HUT8 released on March 10. That's a 2 day difference. It's really shaping up to be one he$$ of a horse race. To see who makes it to the NASDAQ 1st. Still on the outside is one more horse, ARGO. Time will soon tell who the winner is.
I've been ready for 6 weeks now, lol
Not for long. The average time it takes for up listing to the NASDAQ is 4-6 weeks. Tomorrow will be 6 weeks from the date on the press release, Feb. 4 , concerning up listing.
That's fine, but the market has bulls AND bears. I myself like to look at both sides of the bitcoin.
I actually like to see posts on here which aren't all, rah rah rah GO BTC. It helps to have, not all one sided investment opinions. Barami kinda plays both sides. I think it helps all of us to watch out for when BTC drops.
NASDAQ should be coming soon. Dated Feb. 4, 2021
Stock-Market Listing:
Due to increasing demand by investors, management is actively seeking an additional stock exchange listing for the Company in the United States.
Emiliano Grodzki, Chief Executive Officer of Bitfarms added, "Higher Bitcoin prices along with a strong management team has allowed Bitfarms to achieve progress which only a few months ago would have only been a dream. We are pleased with our progress and are excited about what is possible in 2021 and beyond. We have built a strong platform that distinguishes Bitfarms amongst its peers. The outlook for further Bitcoin price appreciation is positive and Bitfarms is well positioned to take full advantage."
https://finance.yahoo.com/news/bitfarms-provides-corporate-growth-activity-120000048.html
From: BOE RIMES ON FEBRUARY 13, 2021 MEDIA & TECHNOLOGY, MICRO CAP INSIDER
Argo Blockchain plc (ARB on LSE) (OTC: ARBKF) is making a wild ride up the charts since being listed on the US pink sheets in December at $0.167 per share skyrocketing to recent highs of $2.74 per share. As the price of BTC has continued to rise Argo has been running northbound as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. Argo has quickly up listed to fully reporting OTCQB and has hired public relations advisor Wachsman to help the Company’s quest of up listing to NASDAQ; a listing that along with the additional tailwinds accompanying a BTC bull market mean Argo could see significant upside over the next six months
https://microcapdaily.com/crypto-miner-argo-blockchain-plc-otc-arbkf-surging-higher-as-up-listing-looms-and-btc-soars/130390/
Amen, 1 big crap shoot for all.
HUT8 is my favorite as well. GLTA
With 80-90% profitability in mining BTC, I think it's safe to say YES. All 3, are making lots of $$$.Earnings for HUT8 will be out on the 25th. I don't know about the other 2. I know that HIVE is now wanting to mine more BTC than Ethereum. I like diversity and I won't put it all in 1 miner. I know that Frank is now wanting to list on the NASDAQ, but I'm thinking he maybe a little late to the party. That was my only reason for selling. I plan on buying back in after 1 of my 3 picks uplists.
I used to hold HIVE, but sold all of it to buy more HUT8. After hearing that Frank was more interested in the asian markets, the choice for me seemed simple. I plan on buying back in to HIVE once 1 of my 3 miners gets uplisted. I just don't see HIVE in the NASDAQ race.Don't get me wrong, I like HIVE, but I think it might make it a little late to the party. GLTA
I did the same thing as you Wrangler, but I think 1 more stock could also be in the running for 1st. Bitfarms might make it to the Nasdaq as well. So HUT8, ARGO and BITFARMS I think are all racing for the uplisting. Who is 1st is anybody's guess. I own all 3 and will be happy for whoever wins the race.
From the OTCshortreport for this week:
Date, Volume, Volume Shorted %,
Mar 10 2,003,875/ 863,020 43.07%
Mar 09 1,398,368/ 849,237 60.73%
Mar 08 1,847,324/ 774,723 41.94
https://www.otcshortreport.com/company/DMGGF
All the shorting on the OTC can be found here.
No worries, the corrupt politicians in D.C. are planning on a 3 Trillion $$$ infrastructure bill, next month. BTC will be over 100K very soon after that.
Exactly right, but he's also saying there is a dilution coming in the future. That's the reason HUT was in the red today, is all I'm saying. I'm buying more HUT tomorrow. Thankful for the dip.
dilution is , to me, what I, and others ( BLONITY) are seeing.
" The shelf prospectus and Registration Statement, when made final or effective, will allow Hut 8 to offer up to CAD$500,000,000 of common shares, debt securities, subscription receipts, warrants, convertible securities, units, or any combination thereof, from time to time during the 25-month period that the shelf prospectus is effective.".
Why the stock was down today. It seems that, they are setting up for a future dilution. When is anybody"s guess. Check out BLONITY, he"s seeing dilution too.
I would like to thank you 77Port for all of your time and effort, looking into this problem. Great job, very much appreciated.
I have said earlier not to trust the Chinese. I said it because I was burned badly by investing in 2 of them. Nobody did any investigation, and all of my investments in them are long gone. Hopefully someone will heed your story
14,000 BTC sold, using 100X leverage on the BitMex exchange. Tutes were buying big during the dip, and still are. As we should be doing, if finances allow.
Using leverage 14,000 x 100 = 1,400,000
That is quite a lot of BTC being sold.
It was from F2POOL selling 14,00 BTC, on the spot market, to drive the price down. For shorting in the futures market.The recovery has just begun options are now expired for this month.
Heading to around 90K in March, Which is double our recent pull back to 45K. Same scenario as Jan. when the exact same thing,played out. Retraction back to 30K then new ATH of 58K, almost double.
Then, Joe Bidet is Grima Wormtongue and boots up Kamala is Saruman. correct?
The evil eye Sauron must be the U.S. gov"t. That taxes everything that moves, and subsidizes all that stops moving
The evil eye Sauron must be the U.S. gov"t. That taxes everything that moves, and subsidizes all that stops moving
BLONITY now has MSTR in his portfolio. I hope to see lots of new shareholders buying in and HODL.