RE:RE:RE:RE:RE:RE:RE:Bottom of Bitcoin is in ?part of the news release in early May stated that they had received nasdaq approval, and were in the final stages of waiting for DTC approval.
That suggests they had already applied for DTC by that news release.
and to be clear, I am not at all suggesting they are lying.. thats something the noobs on this board would say. I am simply saying the DTC process has taken longer than normal and I think the share price is being impacted by the delay.
as for HUT, I think it will do well also, they have higher BTC holdings than BITF but a smaller hashrate and a less agressive growth plan, but as always I have nothing against HUT, I am just more interested in BITF.
*puffs cigar*
-Bac0n
AlphaJ wrote: They never specified when they applied to DTC, so we can still be in the 4 week window, hopefully some concrete news about it this week. I cant imagine they would blantantly lie about "uplisting soon". They were talking about escrow shares held by TSX Trust issued in June of 2019.
The Company also announces that, as a result of the Company's listing on Nasdaq, the Company will become an “established issuer” pursuant to the terms of an escrow agreement among the Company, TSX Trust Company and certain securityholders of the Company, dated June 12, 2019, which was entered into at the time of listing the Company’s common shares on the TSX Venture Exchange (the “Escrow Agreement”). Does that have something to do with they delay? Im not exactly sure what this means.
Yea, I dont have the ability to play derivatives in my TFSA. Its against the rules. Options seem like a interesting way to hedge risk. Ill probably get more into it as i grow as an investor. No thoughts on HUT eh? Im excited to see how this plays out. I dont think BTC will crash again. I expect the possiblity of retest of support around 37K and hopefully a bounce!!
Bac0n wrote: I would be lying if I said I wasn't slightly concerned about Bitfarms nasdaq approval.
I have no doubt they will be listed on the NASDAQ, but the delay in DTC approval is definately not reassuring.
While Bitcoin was low last week I bought OTM calls on RIOT that are already up 60%.
Once Bitfarms gets on the Nasdaq I plan to buy OTM calls on it as well.
I have held my Bitfarm shares through all of this volatility, but to ride this next leg up I am using options instead of buying stock outright.
*sips scotch*
-Bac0n
AlphaJ wrote: facts. did you grab more hut Bac0n? Do you think the uplisting will ahve an immediate price affect or is this going to be gradual? I assume it can only add positive momentum intially. whether that euphoria will last a day or a month idk