MGT Capital Investments Inc. (MGTI): If the machines go in & if electric is l...

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MGT Capital Investments Inc. (MGTI)

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Imperial Whazoo

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Imperial Whazoo

Re: deallooker post# 29198

Friday, 11/10/2017 1:25:36 PM

Friday, November 10, 2017 1:25:36 PM

If the machines go in & if electric is low cost as represented, MGTI will make money. If either is a "NO", its not going to be as profitable as hoped, and it may mean a complete wash out. Thats the risk. I think the machines will go in and I think Microsoft & Oracle & several others have server farms in that location in Washington state, so I doubt that electric costs are going to be a problem. Not in Microsoft's own backyard.

Regarding Bitcoin, Bitcoin did not fork & the ALT coins recovered.

People were banking on that free coin that they are not now going to get for free, so you could have expected a Bitcoin crash. We did not get one, although the recovering ATLs did better than Bitcoin.

So, I think the price behavior bodes well for Bitcoin, still.

Just my opinion.

IW

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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