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Thursday, April 11, 2019 7:00:29 AM
I don't see where that in any way validates your claim that MGTI will pass Bitcoin in value.
I don't recall any ticker passing Bitcoin's $19,000.00+ value during the last run, least of all MGTI. NOTE: I was there.
I know a POS when I see one. Here's what I have observed.
When the indicator that a ticker is tracking takes a spike, legitimate tracking tickers will follow suit to varying degrees, but will make significant gains. The POS tracking ticker will either show a minimal gain or, at times, a loss on the day. A disproportionate reaction to the rest of the sector.
When the indicator that a ticker is tracking takes a dive, legitimate tracking tickers will follow, again proportionately. The POS tracking ticker will fall by wider margin than both the indicator and the other tracking tickers in the sector. Again, a disproportionate reaction to the rest of the sector.
Bitcoin is currently down 3% on the 24hr chart and 4% on the 12hr chart.
Let's wait and see how this plays out today? I am not predicting, i will let the market decide, in my view, if indeed this is a POS or not.
Again, my opinions, my logic, my believes. No predictions.
I will not be surprised to see MGTI fall below $0.075
Hero Worship Inhibits Free Thinking -- Don't Drink The Kool-Aid
. . . . . . . . and of course Reverse Splits SUCK!!!!!
Recent MGTI News
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/30/2024 10:00:26 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 09:19:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 06:17:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:30:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 06:21:10 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/29/2023 05:15:26 AM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 01:30:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/13/2023 04:29:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 05:27:02 PM
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