Post by
stingray88 on Apr 07, 2021 2:59pm
One issue I see
Naturally Hut drops when bitcoin drops, that's obvious. The problem is in recovery price. When bitcoin snaps back after a few days of sell off, Hut never follows suit. For example we were sitting at 60k and Hut around $10.30 ish. When btc pops back to 60k will we see $10.30 again? We lose a little every down tick of btc. To get back to ATH it will probably take Btc going to 100k.
Comment by
libra510165 on Apr 07, 2021 3:22pm
Ya. I'm finding the lack of bounce-back to be a bit frustrating too. Heavy Sigh....
Comment by
stingray88 on Apr 12, 2021 8:55am
Btc back to $60k and tracking well to ATH's. As was stated Hut nowhere near the $10.30 mark from previous comparison.
Comment by
Dateraider on Apr 12, 2021 9:10am
I agree with the above but I think that's the nature of owning stock in most of the miners. You want to follow the swings of bitcoin closer, mara, riot, and galaxy seem to react to the fluctuations IMHO.
Comment by
stingray88 on Apr 12, 2021 9:27am
Btcc (ETF) is aligned to the rise and fall of bitcoin, that is where I have had more success.
Comment by
LeJames on Apr 12, 2021 9:10am
Remember $10.23 was the price at which Bitfury "transferred" 5M shares. Two other major dumps occurred when SP hit that level last week. Maybe they will keep it below that level for a low-ball offer?