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Re: A deleted message

Friday, 04/24/2020 11:05:24 PM

Friday, April 24, 2020 11:05:24 PM

Post# of 41988
If BTC hits 15 - 20 K again, this will go past .50 cents, provided they start mining like they plan to. I was in MGTI during the last pump in 2017. MGTI had a few thousand miners and an OS of about 40 to 50 mill. PPS went up to 8 dollars, and then slowly bled out as BTC came down to earth. Same for the other mining stocks, many of which had zero business, but just called themselves a crypto/blockchain company (DIGAF,BTCS,BTSC)
There aren't as many mining companies left, many gave up or ran out of money. It may not be a sustainable PPS, but people will pour into crypto stocks again, spiking it.