Post by
chucker23 on Apr 13, 2021 6:17pm
No surprise
To see the board filled with doom and gloom and quite frankly, rightfully so. No doubt a shock. I was fully expecting Hut to easily be in the green today - nope.
Why? Well, upon further investigation the only miner that had an amazing day was Riot - up 15%.
However, the rest were just as surprising - Hive - down 2%, Hut - down 3%, Bit Digital - up 0.5%, BitFarm - down 2%.
So on a day where all these stocks should have shot through the roof - only Riot did. All the others were a disappointment.
Why? One might think that Hut is screwed but then so must the others, because they didn't hit it out of the park either. No, my best guess is that because btc has entered price discovery zone - meaning nobody knows what to expect. The same goes for the stocks that are tied to it (except Riot). I suspect people took their profits and continued to short it because that is the safest thing to do. People gravitate to a mean reversionist mentality - human nature. In other words - nobody believes this thing can go up forever.
I don't blame people for being ticked off and upset and for selling or shorting. However, I believe btc will have pull backs and consolidations, but will continue to go up. Once people begin to get more comfortable with that then confidence will flow into these miners.
The mining CEO's haven't lost confidence - in fact, what they just witnessed was great M&A opportunities.
Comment by
Biomed4077 on Apr 14, 2021 6:31am
Hi Jaime, nice writing, now resign
Comment by
chucker23 on Apr 14, 2021 6:45am
OMG! Biomed is that all you can contribute??? We get it u don't like Jaime and think she should resign.
Comment by
Biomed4077 on Apr 14, 2021 6:51am
Open your eyes , RIOT is only one up, RIOT only one on Nasdaq, 1+ 1 = get on Nasdaq, why hasn't Jaime got on Nasdaq, she is useless. Would you agree
Comment by
chucker23 on Apr 14, 2021 7:43am
My eyes are quite open thank you. Are your's? Have you done a comparison with Hut8's previous CEO's? If you had you would be a proponent of Jaime and see that she has done more in 6 months that all the preivous CEO's. Correct RIOT was the ONLY miner up yesterday. The rest were down (or barely up). Are their CEO's useless too?
Comment by
Biomed4077 on Apr 14, 2021 7:49am
Why does she not apply for Nasdaq, Hive is valued at 2 billion, we are valued at less than 1 , open your f--king eyes,
Comment by
chucker23 on Apr 14, 2021 8:43am
You have been ignored. No need to act like that.