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No it should not $10 now. End of April begining of May. Unless China really does hit the miners with power restrictions. Then bitcoin price jumps and all bets are off.
Guess who doesn't have high power cost issues. $MGTI
We are going to make alot of money this year kids. https://news.vice.com/en_us/article/59w5eb/china-is-about-to-kill-nearly-all-bitcoin-mining-operations-in-the-world?utm_source=vicenewsfb
Listen to @solotradinginc President of $MGTI Crypto-Capital Strategies discuss MGTI's #bitcoin mining operations on the @Investlikeaboss podcast here: https://t.co/D6RQacjErB #bitcoinmining #cryptocurrency #BTC pic.twitter.com/L2hTS0ktCL
— MGT Capital Investments (@MGTCI) December 28, 2017
I think something should be said of the 70 year visionary James McAfee. A man at shall we say the twilight of his life. He is not running the company and never was. He is great for visiblity and an idea guy a very smart one. Good smart people are running the company. They also happen to be making alot money as the stock shows.
Heres an example of backing up what you say here. Heres the coin collection data from the ceo. Enjoy.
last few blocks we have mined..fees adding to revs nicely. Not what devs like, but good for us @MGTCI . avg of last 5 is over 17 CPD pic.twitter.com/LiToako7E0
— Steve Schaeffer (@solotradinginc) December 27, 2017
Wow, I sleep one day away and the chicken littles run amok. Ohhhh noooo its down a couple points, its all over! LoL How much is on the line for you shorting this? Where do you guys need it down to before you lose your house? I dont know how to put a picture up here but the ceo posted a picture of their daily coin tally on Twitter and for the last five days from when it was taken, on average they are taking 17 coins a day with current capacities and sweden isnt even up yet. You might want to put some bets in its going back up. Just to cya.
Well yes and no Dave. Its going to 10 but not until after the 1st quarter lets let the new rigs in sweden start up. Watch bitcoin climb for a month or two. Maybe go scuba diving. Let the profitable company work a little. They have made good deals for power and equipment and have a good strategy. They themselves have tried to be clear that the uptick in capacity wont be done until the end of first quarter. Thats the ass end of April. Same with sentinel and the privacy phone. This a good company making sound choices. They have settled suits in there own favor from what i have read. Bitcoin is doing well and looks to continue so. If you want to play Trading Places short orange futures. I have it on good authority that the havest was not harmed by the unseasonably cold weather.
Brilliant, i can see from your response you are obviously the woman we should be listening too. Please tell us more o wise one.
10,000 mining machines operating by end of first quarter. 10,000 people. Sold as they are made. Of course its chopped up thru various deals but my god people. Thats alot of money being generated and its only getting better. Thats alot of room for sentinel beta bug fixing and entering the cellphone hardware industry. If you think bitcoin and the other cryto currencies are going away you are wrong. The next few years are all we have to own this emerging market.
So what are you guys gonna do when it hits 30000 and mgti is selling fractional shares of 200 coins mined a month? Complain about the beta of sentinel?
Gentleman, the stock is climbing back up. Slowly and over the next few months it will be worth more. Just like Bitcoin. Calm down and take a wider view. If your life savings are at risk from one weeks up and downs your doing it wrong. This stock will be over $10 after the first quarters numbers come in. Who will have faith? I dont know im an athiest. But i like the company's operations, their plan of action and the continuous climb of crypto currencies.
Right, keep watching. Its going to do that for a long time. Dont let it scare you. The company makes money. It will climb again.
You guys are watching this climb too right?
Yes a small wait, but by the end of 2nd quarter we will have numbers from the second 1zz bussiness deal) more news on sentinel and the privacy phone. Bitcoin will gradually keep climbing and we are going to have a great 2018. Im speculating $8-9 by the end of first quarter.
Wow, a world of chicken littles here. Lets sum up. 100 coin mined every month. Anyone good with math? 100 x current bitcoin price. Anyone know what it costs to mine one? Estimates go between 1000 and 4000 per coin. They have made great deals for power and hardware and at the end of the first quarter they will have enough capacity to mine 200 coin a month. Lets not forget they are not holding them. They mine and sell what they mine every month. Thats a profitable company to invest in. We all knew the numbers would be up and down but a little courage people ride out the storm like winter, profits are coming.
MGTI
Ask is $11.00 on TDAmeritrade
So my question kids, of course a pennystock is a scam when you miss out. So, what happens if the three dispensaries open and after a quarter or two they findout its a goldmine? Is that good for us or will it not matter and you guys feel this never goes above 0.10 again.
So you goto the website over the lawsuit for MGTI and it asks you to signup to join the class action suit against Galectin Therapeutics. Can anyone explain the connection?
I'm speculating we will hit the $10 resistance level after the first quarter this year. Their new mining rigs should be up by then and that should double the mining capacity. Combined with the really smart deals they are making for energy needs and hardware, i think the company will be very profitable.
Watching this climb and drop this year is going to be fun. A constant trend upward and plenty of dips along the way to farm more value.
Im really excited for next year. Capacity to farm 200 bitcoins a month coming. Security products leaving beta and debt resolved.