That didn't take long...!What didnt take long long? This below.....lol.......such a joke! It aint even funny.....These short seller reports & those that indulge in them are rats, total rats and they only exist to do one thing, create chaos around their intended targets, stack sohrt positions on them, promote a false narrarive in the goal to greatly profit from them.......So be careful folks NOT to be duped into selling and/or forcibly seperated from your Hut shares at these low levels......which is the INTENT by these wolves!
https://cointelegraph.com/news/bitcoin-miner-hut8-share-price-jcapital-research-report-short-selling
Just one day after the poor guys (& gals!!!) from Hut8 rang the opening bell on NasDaq, the Class Actions lawsuits vultures start coming out of the woodwork. LMAO......i swear to you if this "you know what" wasn't sooo funny......i'd be crying about now........in a meme kinda of way......Good Lord how much more obvious can THEY be with a frivolous, baseless suit like that? I mean really, these bottom feeders are sooo D-E-S-P-E-R-A-T-E....to get their piece of the Bitcoin pie, they would stoop so low to make S up......
My advice folks? Dismiss this nonesensical, REDiculous noise, which is only a distraction, & focus on the task at hand. Which is to take FULL advantage of the opportunities that have just fallen on your laps, with this BIG pullback in the miners. The price of Bitcon has dropped more than even i expected, i thought that it would hold around ~43k. But no BIGGY, a thousand more or a thousand less.....won't make a big differencev in the longer term. Short term predictions are VERY difficult to do with Bitcoin and more or less a futile endeavor. Just focus on the long term trend.....which is up.....up to at least ~100K sometime in the next 24 months!
As for my own personal stuff & investments in the Bitcoin mining sector, for those who follow my counsel, as i've mentioned last week, i restarted getting back in at these low levels......slowlly in batches. Bought back into both Hut, as stated previosuly, and also added some Cleanspark this week. Hut under $10 & CLSK at these levels are GREAT entry point for anyone who want to indulge in this sector and want expsoure with great risk/reward potential, while also mitigating risk!
That's my advice for now, keep adding ....slowly when you can at these levels! As i fully expect ANOTHER run at $50k, and this time, a more forceful, soild & convincing move with the possibility of MAYBE even a temporary breach of that stubborn level. So buy now or regret is later is my motto at this point in time!
That's it for now.......will say more if there's a need or urgency to do so.....!
GLTA