Just to put things into perspective Long Investors in blue chip stocks in numerous other industries often have to wait years to see their plans of an expansion start producing and correspond with a leg up in market share
I compare this to a gold company but you could also compare it to an oil and gas company or any other resource / commodity company, so here's a couple questions
1) What usually happens to an oil company when they are able to produce their first oil ? The price usually runs up ?
2) what happens to a gold mining company after they've completed another project and are pouring/ milling their first gold ?
Its just my opinion guys but just like anything else that happens with other Companies we are only weeks away from our first gold/oil.
I first got in at 1.50, as a buddy of mine was asking me if I knew any crypto stocks. I bought a tiny position of Hive just to get me reading I than immediately traded it in for BLOK with no hesitation
sure I was pissed with the crash that soon followed as I failed to consider the fact that people bought at 0.04 & 0.10 and However I managed to average down a bit increase my natural position and told a few friends that hey I timed it wrong so here's a freebie for you guys with a better opportunity on more profit than I. They naturally listened
as I did tell them about ACB when it was at 2.50 ( I sold a little too early as I sold right before tax loss selling season but screw it sh!t happens good for everyone else )
I got in because the numbers are SOLID !!!! And after google searching their management team i came to the conclusion that these guys have some pretty solid credentials to go along with those numbers and have been able to grow companies.
Once again go and compare profit margins with an oil company or a gold company and tell me why this is not enticing. The only risk we are playing here is with the price of Bitcoin
in the future however I would like to see this company diversify their crypto mining more specifically
into ones like ETH , I'd also like to get a news release or something, that will tell me exactly how the finzat will ultimately affect our bottom line.
Anyways ladies and gentleman . Noticed the board was quiet thought I'd ramble for a bit cheers guys good luck to all !