RE:RE:RE:RE:RE:Who keeps buying this trash?Lonestar wrote:
"All the other Mining stocks are not doing much better really. RIOT and MARA should be at 80 bucks with where BTC is at. They are all stale right now. A lot of people are moving their money out of stocks and into Crypto and Bitcoin ETFs"
This isn't exactly accurate and you're getting a lot stuff mixed up here. First, the vast majority of the miners have greatly moved off their all time lows, some more than others. The really good miners which have made some major progession in their operations, without too many issues, have preformed the best. Prime examples of this are guys like Cleanspark, Mara, Riot and a few others. Crypto*rap is still stuck at a nickel. So what you've stated above is totally false, and i've disproven it very easily....
In addition, what you're getting totally mixed up here is time lines. What is occurring recently in terms of the miners disonnect with BTC and the progess most of the good miners have made in the past year......and trying to connect CSTR's poor performance to that. So yeah friend, what your doing here is not completely wrong but with intent to be very deceiful as well. So your not gonna fool anyone who's knowledgeable in this sector, with that type of malarky around here......
But you're a correct about one thing, the ETF's are diverting some of the investment that was going to go into the miners ot them. This was inevitable. But what you're failing to understand is that is also VERY devastating to those poorly managed miners, like Crypto*rap, which will see their ability to raise capital & interest from investors reduced to nothing. And besides, i don't consider Crypto*rap a "viable" miner anymore (and havent for some time now fyi!), as i explained in previous posts. They're mostly likely just a shell company right now with no active mining or business or discontinued ops.
And to be honest this isn't even good as a speculative bet. You want some penny play to gamble BIG & speculate, then go with DMGI/DMGGF......at least there you'll a "shot" to come out with something. But even they are going to be challenged in the coming transition & will have difficulty staying afloat. And DMG have "decent" ACTIVE operations and coin on their BS, just to show you in how bad a shape CSTR currently is in......
In 6 months from now.......CSTR will either shutdown & get delisted or change business orientation completely.
GLTA