RE:Quite the day.....yesterday!Here we go, another monologue from mrmoron... do you really think people will bother reading your daily disertation?
mrmomo wrote: But today is another day.....
I can't say that all this wasn't predicted, a little delayed & worrisome but more or less as i thought it would go. If folks followed my guidance with my recommendations of HOW to play this huge Bitcoin wave.....you would have hit the jackpot not once but twice! What happened with cryptocrap yesterday, should have taken place long ago along with its peers and the rest of the sector. But due to some underhanded tactics, poor mgmt and a short sighted vision of those in charge of Cryptocrap many s/h lost out AND suffered unwarranted financial pain. So i take back what i said about myself, i may have been a little delayed in my prediction but not totally off. But today is another day...
The savvy investor here or the smart play was to invest in the cream of the crop miners from the begininning like i had advised to do. Meaning Riot, Marathon, Hut8 & Hive.....in that order of preference. If one followed that advice and AVOIDED investing or holding this company from the start, you would have had a tremendous roi without being stuck with a loser (or laggard...but that remains to be seen!). That advice would have brought you a 10X return within a short few months, with still ample time to invest in this loser......with conditions of course. One only needs to read my posts over the past year or so, especially within the last two months to see the message i was trying to convey. Having listened to the overnight flyers or the incompetents on this BB would have been an enormous opportunity cost which could have been easily avoided. But today is another day.....
With that said, today is indeed another day. Still NO news released to explain the drastic rise in the stock nor the volume. Quite surprising the market regulators would let this go as is without at least requesting some clarification from the company. This should be an immediate red flag from an investor point of view, as any good managed company will always be transparent in their methods. But this being some extraordinary times.....let's give it a couple of days to see where the company goes with this, maybe they'll smarten up at some point. Why is this important? Because in order for the company share price to sustain these levels IF Bitcoin retraces, it will need substance to hold investor interest & value. But i'm not in the least bit surprised the folks in charge here have done nothing still......this is what you get with subpar underhanded mgmt. Imo, as they have no abolutely no credibility in my book and cannot be trusted with their intentions.
What to expect? It seems Bitcoin as we speek....is holding just a little above yesterday's levels. If this continues into the market opening, i expect further gains in Cryptocrap stock soley based on nothing but investor craziness & more exaggerated FOMO. I think that was quite obvious yesterday as investors piled over themsleves into this stock which most if not all probably know nothing about. Take it from me folks, Cryptocrap could be called CryptoPizza and investors would still fall over themsleves to invest in this garbage without having a reasonable reason to do so. But the smart & savvy investor here will know how to play this without being left holding the proverbial tokken bag that most ignorant or foolish investors will be doing in the not to distant future.
So today, i fully expect for the stock to MAYBE take run over 0.20, possibly around to about 0.22 or 0.23. If Bitcoin increases substanitally over the trading hours, it could possibly hit 0.25. Now listen here folks, i will gladly keep selling you my shares at these insane prices and continue to sell off part of my position, but please be advised, and this only advice being given freely to HELP you avoid pitfalls, BE VERY CAREFULL investing, especially the new commers, at these levels without the company having released or made public substantial info to justify this loft valuation. The last thing you want to do here, is get stuck at very high levels with a big loss like an old bag lady looking all used up with nowhere to go! This is probably the best advice i can give you!
Hopefully, the company's mgmt has learned their lessons here and will be more transparent with their handling of the situation and the managment of this floufering company. But today is another day and i won't be holding my breath they will..............
Good luck to all & god speed....