DMG Blockchain Solutions Inc. V.DMGI

Will this keep dipping or is entry at 0.25 good?

[InvestStocks]

?

[TheeRook]

No idea on the SP.    But   Coming soon another big buyer of BitCoin THE BITCOIN FUND ANNOUNCES SUCCESSFUL OFFERING The Bitcoin Fund has had a successful treasury offering of 2,222,300 Class A units. Gross proceeds of the offering are expected to be US$50,001,750. The offering is expected to close on or about Nov. 30, 2020, and is subject to certain closing conditions

[InvestStocks]

where did u find this news?

[nicareal]

@https://www.globenewswire.com/news-release/2020/11/25/2133614/0/en/The-Bitcoin-Fund-Announces-Offering.html

[evilballs]

$50M is a drop in the bucket.  We need a hedge fund picking up $1B worth of BTC... or a couple. This drop in BTC is healthy, gives latercomers a chance to get in and imho is timed with Black Friday for a reason and much easier to knock it down on a holiday when nobody is looking.  Takes out the weak hands before the surge to $20k. 

[TheeRook]

 No hedge fund is going to Buy $1B worth at current prices but would have holdings in BTC that could eventually rise to  $1B.    BTC is too hard to sell without dropping the price. Hedge funds invest in BTC futures and Options ,  which is what hedge funds are all about.. That $50M  added to the current  U $250M  could be  $1B when BTC hits  $75K

[evilballs]

and here I thought hedge funds wnet bust before selling things.   The illiquiduty points to the fact there are still few sellers tossing BTC onto the open market at current prices.  Most savers think this is going higher.