TSXV:JPWR.H - Post by User
Comment by
smoking81on Jan 10, 2019 10:32am
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Post# 29211917
RE:RE:RE:RE:RE:RE:RE:Anyone know....
RE:RE:RE:RE:RE:RE:RE:Anyone know....The problem with Bitcoin is that the largest miner Bitmain has run out of money. They have laid off 80% of their people and are getting rid of their top shareholder. They hold billions in bitcoin and bitcoin cash that they have to liquidate to keep the company going which only drives down the value. I heard from an analyst that 0.5% of wallets own 80% of the total bitcoin float. When these people run into trouble and have to dump it will not come back. Too many miners and mining hardware manufacturers with large holdings are in this group. I agree the renewable assets are worth multiples more than the current stock price, but we will never see this until management decides to sell. Right now we are a blockchain company which is out of favour in the stock market. Renewables are still in favour and we need to switch gears and take the write off.