There’s not a 1:1 correlation to bitcoin, as you note, and I’ve seen plenty of divergence.
Given DIGAF is the only fully audited and SEC reporting crypto exchange, and it’s a low floater, every time bitcoin starts a run some twitter or ihub group would load up on shares and try in vain to promote the stock as correlated to bitcoin.
Generally these efforts always fell flat, but when, in disgust, these wannabe promoters dumped their shares I’d be sitting way down below them with a good til cancelled buy limit order to scoop up all their cheapies.
I won’t name names, but if you go back through the board posts you’ll see the usual suspects.
This ticker has been volatile, any significant volume pushes it up. Float is low and many people aren’t selling what they’ve locked.
Exchange is working, volume is coming in, backlog on verifications is beginning to clear, bitcoin price is rising again, company pulled the ico (removing regulatory risk)
I’m also sitting well below the current pps with some huge buy limit orders. Hopefully this will go down again so I can get some more .10s before the next run to $1+. My orders have been in longer, and I’ve got a great broker, so when someone comes in here to slander this stock hoping to get cheapies I’ll get filled before they will.
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