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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.


TSX:BITF - Post by User

Comment by Bludstanon Aug 27, 2023 8:05pm
92 Views
Post# 35607496

RE:Lol from 2.70$ to 1.70 in a month what a joke

RE:Lol from 2.70$ to 1.70 in a month what a joke It's not about pumping (or whatever it is you're doing, the reverse of pumping?). It's about knowing when to buy and when to sell. I made a killing in this past run up, and just pacing myself for when I'll come back in. If you sit on blue chip stocks, that's fine, they're meant to be held for a long time. You could view this as a long term investment as well, without the dividends, but then you have to sit back and understand that there will be periodic adjustements towards whatever target goal you have in mind and not stress too much if you think the fundametntals are good. But a stock like this, doubling one's money is a respectable goal. When I do come back in, I'll come back in with the same amount I initially had, but the extra capital gain has been moved elsewhere to balance the risk. The problem isn't pumpers (well they are a problem, especially for the gullible) or day traders. The problem is people who aren't educated and/or aren't educating themselves go out and voice their baseless opinions because they lost money because they.. well.. let's be honest.. but diplomatic.. didn't make the best investment decision, but rather than take a good long look at what they did, why they did it, and how they can avoid repeating that mistake next time, they blame it on the company (the government, their boss, their spouses, everyone else really but themselves). 

mho
B

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