Replies to post #96296 on Santo Mining Corp (SANP)

[ThaMyth]

I have been here a while now, I buy and sell. Let the guy do his thing, he will get something going. He always does. That being said... I will buy some 2s today if anyone gets too "antsy", just sayin', the order is still there.

[ChickenHawk0-001avg]

I dont think the cost of the machines fluctuate according to markets' fluctuations. If anyone else on this board can comment on this I'm sure I'm right. As we see Asama Vietnam unboxing new miners and putting them together, im sure with their experience, when they get the go ahead, Asama International can order the miners and be up and running pretty quickly. I think it would be unnecessary to start mining for little to no profits or buy mining equipment and have them collect dust waiting for the right time to mine with all your money tied up in equipment rather than working on blockchain solutions which can bring in a steady stream of income that you can use to buy more miners when profits on mining outweigh costs. Do you think other mining farms continue operations while the price is down and lose money. Of course not. It's been said by analysts, not me, that the price of bitcoin has to be over 5 or 6 thousand dollars for it to be cost effective. I didnt just make this up or dream it. Dont you think those companies want to do something like working on blockchain technology while waiting for the price of cryptocurrency to go up? Some of those companies may only know how to plug in the machines an produce cryptocurrency. Most of them aren't savvy in this technology. It's not so easy as you think. The machines do all the calculations, you just have to wait for the results. Blockchain technology and its uses are more involved. For Asama International to focus on blockchain technology rather than just haphazardly putting miners up to look good for their investors, I believe they made a wise choice. A smart move to hold off mining and concentrate on the blockchain. But rest assured, when the price of cryptocurrency goes up we will be mining. PROVIDED THE DEAL GOES THROUGH

[trader8442]

I’m with ya, never want to build a business during the boom time, everything costs too much, best opportunity is buy low then be set for the boom. Provide there’s a coming boom. Same applies to oil, it cycles and so does bitcoin, same w/ the dollar all of course to different degrees. This will cycle too, sure don’t see Frankie throwing in any towels. I’ll go down w/ be ship as far as I’m concerned.