RE:RE:RE:RE:RE:RE:RE:DealsHmmmm.... I can't dig it up right now but I'm sure I read at some point that they do not sell everything they are mining. I'll try to dig that up but if I'm wrong then I totally take back what I said about you being high. I still think you're smoking but maybe you're not inhaling...
Maybe...
LastoftheFranks wrote: "even if BTC doubled tomorrow Cryptostar would not be profitable after halving at those prices, not even considering the difficulty rate continues to increase. "
That explicitly says after the halving. Also you should read literally anything about this company to know they have 0 Bitcoin. They barely survived "cryptowinter", they have no reserves. They sell immediately, as they are not currently profitable and carry debt.
But what do I know, I'm high.
GLTA
countalphamomo wrote: Just to clarify... you said...
" even if BTC doubled tomorrow Cryptostar would not be profitable after halving at those prices, not even considering the difficulty rate continues to increase. "
So what you're saying is that even if the price went to $14.4K USD tomorrow... CSTR would not be able to be profitable between now and the halving. Right? I know you're mentioning the halving in there but you can't ignore the mining that will happen between now and then PLUS the number of bitcoin they have already mined that they can sell whenever they want.
So you're saying that if the price went up to $14.4K and they mined another 200 bitcoin and sold all their bitcoin in addition to all the bitcoin they have in reserve... they would not be profitable?
Yeah... you're high dude...
LastoftheFranks wrote: Just to clarify, your entire investment strategy is to hope the price of Bitcoin doubles in the near future and to completely ignore the rapidly rising difficulty rate and the aging of CSTR mining technology if there is no expansion/investment in upgrades. Mined bitcoin fell from 470 to 300 in one quarter and the difficulty has increased since with massive industrial mines coming online in the near future.
And you think I'm high?
(at time of publishing BTC is $7200, having lost all of todays gains before dinner)
countalphamomo wrote: CSTR would not be profitable if BTC went up to 14K tomorrow? And would not be profitable if the price remained that way until the halving in roughly six month's time?...
What are you smoking dude?
LastoftheFranks wrote: Nothing to be suspicious of. There are longterm concerns with CSTR so long as the BTC price doesn't parabolic uptrend.
The initial hope was the uptrend trend would continue through the first parabolic rise and CSTR would expand into the halving. Instead BTC corrected through end Q3 and all of Q4 so far, limiting Cryptostars ability to do anything (Purchased 360 "modern mining rigs" in Q3 which is replacement gear for old machines). The dip from 470coins per quarter to 300 was stark, and even if BTC doubled tomorrow Cryptostar would not be profitable after halving at those prices, not even considering the difficulty rate continues to increase.
That said if you do believe in Crypto and Bitcoin, there are massive deals on industrial sized mines from taxloss season or panic within the space. Whatever the case its good to know whats on sale. Halvings are great for Bitcoin. Halving are also historically death sentences for miners who don't upgrade.
That said if Cryptostar announces an even moderate expansion before halving I'll be right back here shouting "to the moon!" with the rest of you, hence why im still holding.
OttoSkorzeny88 wrote:
suspicious that you come on to this board and promote other Crypto-Mining companies. My man Jellins hooked you what needs to be done when Bitcoin is hitting 14k 3 months out