Post by
Barrhead on Jan 28, 2021 1:14am
Bouncing Around - Seeing Bitcoin Climb :>}
Over the last few weeks I've been in/out of BITF, thinking all along I was invested in some dairy farm conglomerate or something. LOL To my surprise it's not a dairy farm but hastag rig mining operation for bitcoins etc, and I've been building equity in BITF all along. From my view with the rising Bitcoin price over the last 12 hours, I am hoping that not selling at $2.40 at the close Jan 27/21, this may have been the correct choice. Expecially after viewing IMO the $100 million HUT money grab annouced after the closing bell, so goodbye HUT and likely hello BITF for many investors. With a relatively low O/S and ongoing reportedly $200k+ profit/day, it's ...again IMO a no brainer. I just checked KITCO Bitcoin real time price - $31,837 USD, and a rising. It is my understanding - I thot I reddit? somewhere there's monthly update the end of January 2021, and by all accounts this BIFT investment could be the one wave of the future to have your surf board all waxed up and ready to ride the big one. All the best of luck to one and all. Currently long on BITF.
Your comments or concerns are welcome on this Forum Regardzzz.........Barrhead
Comment by
TobyTheCat on Jan 28, 2021 9:29am
Agreed. This is probably the best crypto stock available in Canada, perhaps North America. Where did you get the news re: HUT?
Comment by
Barrhead on Jan 28, 2021 9:29am
Correction to my previous post....my bad.. .....Especially after viewing IMO the $100 million Hive money grab annouced after the closing bell, so goodbye Hive and likely hello BITF for many investors.
Comment by
TobyTheCat on Jan 28, 2021 9:52am
You scared me there for a second! HUT is my other bet, although not as good as bitf imo. If you like the risky stocks, with huge upside, check out cognitivity. They have some great stuff brewing.
Comment by
bufordpusser on Jan 28, 2021 10:25am
I did some math based on producing 500 bitcoin in q4. BITF should produce a profit which would be huge. 500 bitcoin x 25,000 (december 2020 - January 2021 bitcoin price average) = 12,500,000 12,500,000 - 8,000,000 (cost to produce) = 4,500,000 profit