CryptoStar Corp V.CSTR

Alternate Symbol(s): CSTXF

Technology Information Technology Services

CryptoStar Corp. is a Canada-based self-mining cryptocurrency producer. The Company and its subsidiaries operate in the distributed ledger technology space, utilizing specialized equipment (miners) to perform computationally intensive cryptographic operations to validate transactions on the Blockchain (mining), receiving digital currencies (primarily Bitcoin and Ethereum). The Company also provides equipment hosting services to customers worldwide, for which services the Company receives hosting fees, as well as sells miners to customers. The Company operates data centers in the United States and Canada. Its wholly owned subsidiaries include CryptoStar Holdings Inc. (CHI), CryptoStar USA, Inc. (CryptoStar USA) and Neuro Digital Inc. (Neuro Digital). The Company operates through three segments: self-mining, hosting and miner sales.

TSXV:CSTR - Post by User

CryptoStar Corp

Bullboard Posts

Comment by MAZZMEXon Dec 06, 2019 12:05pm

66 Views

Post# 30429281

RE:RE:RE:RE:Deals

Here's my last post.. It might somehow answer part of your question..

MAZZMEX wrote: There is concerns with every mining companies when Bitcoin is in a downtrend. If not why would Bitfarms be trading at .65 down from $4.20, Hive trading at .135 down from $.82, Hut $1.28 down from $2.94, Imin at .03 down from $.195.... When bitcoin resume its next leg up, most likely in the next month or so, everyone of these stocks will move up and if Fomo get triggered they will all move substantially... In the last bull run, HUT went from $1.52 on May 9th to $2.93 on june 26th for about 100% return, HIVE, well, they just went down! BITFstarted trading at the height of the run, while stocks like IMIN rose from $.035 on June 21st to $.195 on June 26 for about 450% return and CSTR from $.03 on May 2nd to $.255 on June 26th for about 750%... so i think you can take your concerns elsewhere... When Fomo enters any sectors, most smaller investors tend to put their Ca$h in companies with lower SP as it is always more intimidating entering a play in the dollars. There's a lot more psychology to trading than just fundamentals...CSTR was by far the best return on investment in the last run. Perhaps this is why you soft bash, you want to get cheap shares? CSTR survived $3200 Bitcoin, i'm pretty sure they can survive $7000-$8000, especially that we all know where Bitcoin price is heading in the next few months..

LastoftheFranks wrote:
Nothing to be suspicious of. There are longterm concerns with CSTR so long as the BTC price doesn't parabolic uptrend.

The initial hope was the uptrend trend would continue through the first parabolic rise and CSTR would expand into the halving. Instead BTC corrected through end Q3 and all of Q4 so far, limiting Cryptostars ability to do anything (Purchased 360 "modern mining rigs" in Q3 which is replacement gear for old machines). The dip from 470coins per quarter to 300 was stark, and even if BTC doubled tomorrow Cryptostar would not be profitable after halving at those prices, not even considering the difficulty rate continues to increase.

That said if you do believe in Crypto and Bitcoin, there are massive deals on industrial sized mines from taxloss season or panic within the space. Whatever the case its good to know whats on sale. Halvings are great for Bitcoin. Halving are also historically death sentences for miners who don't upgrade.

That said if Cryptostar announces an even moderate expansion before halving I'll be right back here shouting "to the moon!" with the rest of you, hence why im still holding.

OttoSkorzeny88 wrote:
suspicious that you come on to this board and promote other Crypto-Mining companies. My man Jellins hooked you what needs to be done when Bitcoin is hitting 14k 3 months out