RE:RE:RE:RE:RE:RE:Question for bagholders who still believe in this scam......Again, as I said to bagholder in my previous post. Hoarded and sold coins are included in revenue in Q3. Even if they sold coins, the net income would've been the same (or close). Now if you reevaluate those coins to current prices HIVE's revenue will drop and they would've had a net loss. You will see that in their Q4 financials.
I am here to educate morons like you who don't understand what they invested in. Like it or not. I will stay here and point your stupidity and bull$hit.
Chrysanthalas wrote: If you are not a shorter and you are not telling people to sell why all the useless garbage about people being stupid. Why all the useless vitriol you seem to spew on the daily in your posts. If you don’t want the title of scum of the earth why for gods sake are you acting like it.
You are correct, no one should base investing on what they read solely herein this forum. But it is meant to be a pool where we can gather knowledge and share ideas. Not for bullies or people who feel superior to others because you might have been successful already to bash others.
This is a common narrative. Their operating income, and it was operating income not a loss, was 182k. That seems low, I guess they could have sold all the coins theymined for cash / fiat but that would be defeat the purpose. The purpose is to hold them for the greater value they are worth. They costed out operating at 300.00 a coin back in July. They knew it could be profitable then, nothing much has changed since then. Crypto is profitable for them to mine starting at 125.00 a coin. They mined around 22,000 coins last quarter based on coin assets at listed prices. They sell a fraction of what they mine to cover their costs and the rest gets banked. They don’t need to worry about a lot of the problems that some businesses have with wages because they employ maybe 5 people. Genesis mines for them after they finance the center and all the stuff they are building has been fully financed.
Now, if you areon this board that means you have an interest here. Its nit to jnvest you say, its not to short? What is it then. Oh yah, its to spout fake news.