Post by
mrmomo on Jan 11, 2021 8:42am
Managment's failures across the board!
Well......this was bound to happen at some point! The incredible rise in Bitcoin from ~10K to blasting through its old high of $20k and reaching an eyepopping $42k in just two very short months. Quite a feat in my book! Unfiortunately for the Cryptocrap s/h who never REALLY participated in the this amazing Bitcoin rally, will now undoubtly take part in the consolidation phase about to come as Bitcoin settles down. Compliments of this dreadfull mgmt team steering the ship at Cryptocrap! This is what happens to companies & investments when you have a Clown Crew in charge who is complete lost, incompetent AND underhanded & non transparent with their s/h. This could be seen a mile away & very early to ANY savvy and perceptive investor who had done their homewrk on this company.
So i suggest Cryptocrap holders buckle up & prepare themsevles for a nasty ride back down to a dime (hopefully not lower than that!) while Bitcoin finds a new & confortable range to settle in for the short term. Such a shame, as this euphoria could have been such a opportunity for the company not only to give investors hope & some relief from years of abysmal stock performance but also some renewed trust & confidence in mgmt. But Alas they've failed massively on EVERY level to date and not providing an ounce of progression or added value for TWO years. Even as nearly EVERYONE of their peers moved along at blinding speeds, providing not only constant updates & continuous progression but being completely transparent with their holders at EVERY step! Please take carefull note of this last statement, it is the difference between complete failure & total sucsess stories!
The only certainty or innovation that we can expect from this awful group leading this company, is a new way to plunder the comany coffers on a regular basis! That's about the only thing they seem to be very good at and totally to commited to. Everything else it seems, if it does not line their pockets with cash, seems totally lost on them. Hopefully, their time here will come at an end and they will be either forcibly removed or they will remove themselves when they see the jig is finally up & investors cannot AND will not take it anymore!
I personally don't give two Sh*ts or really don't care on ANY level as i'm pretty much a overnight flyer in terms of my investment here and my risk is quite low to begin with. On the other hand, if you're a dedicated & staunch believer and long term holder with a significant investment in this company it may be something to seriously consider if you want this investment to flourish at some point and not to be eventually flushed down the premordial toliet of failed penny spec play hell.
Good luck & God speed