RE:BITF vs HIVE as usual Bac0n takes you all to school..
He was right about BITF very early on,
he was right today about HIVE decreasing as the day went on
He was right about all the pumpers talking nonsense.
seems obvious to me he's a professional investor. I've been following his advice so far
Bac0n wrote: BITF has completely left HIVE in the dust so far this week, BITF was up over $5 for a bit, and closed at $4.98. where as HIVE peaked at $3.30 and closed at $3.11
just a week or two ago HIVE SP was higher than BITF, but this week BITF has proven its the better investment, and has WAY more upside than HIVE.
Now i dont say all this to disparage HIVE investors.. im just stating the facts here, you need to look at the fundamentals. ACTUAL fundamentals. people saying "oh the high number of outstanding shares is good for liquidity" ... ok sure ill buy that.. its good for liquidity, you know what its bad for? ... increasing share price. so sure you can dump your shares easy, but they won't go past $3.50 while other companies are soaring to $5 - $8
make smart choices! be rationale!
*sips scotch*
-Bac0n