Hut 8 Corp HUT

Todays Drop has nothing to do with the merger.

[Hotdoger]

This drop has nothing to do with the merger.  It has to do with the SEC settlement with Kraken mostly (although Bitcoin should not be affected because it uses proof-of-work vs proof-of-staking and partly with Fed comments re: more interest rate baloney.
More regulation inevitable and may drive more people to Bitcoin vs other coins as it's the only coin the SEC considers an actual commodity.
The debate on whether staking can be labeled as an unregulated securities breech is not over. 

This SEC /Kraken settlement should be good for bitcoin but bad for Ethereum.

[NIAGARA711]

I agree with why BTC is going down but the merger is a big part of the fall of HUT shares. The merger is a  bad joke,its a wealth preservation for the insiders of HUT ,nothing more.I'm so sorry to say that because I truly believed in HUT management until the merger. So bad,so unecessary.

[Hotdoger]

Fall has nothing to do with merger. Vote and merger doesn't happen for months. SEC news affected the whole crypto market and Fed comments on Wed evening affected the entire market. Watch the news.

[NIAGARA711]

The share price of HUT is falling  because (agreed) BTC is unstable  for a short time. BUT...if the merger was so good the price of HUT would have stayed neutral at very least. the merger is a disaster and since HUT is a high hodler  of BTc 9K plus ,it makes sense that if BTC goes down ,so does HUT  in a temporary time frame. Mergers are set as you said for months ahead 

[Hotdoger]

Lol think what you want but it's wrong 

[NIAGARA711]

If i'm wrong why are Hut shares well under 2.00  ?, Prior to the announcement of the mergher BTC was actually about where it is now ,though the share price of Hut was over 2.50. Its a shame you can't think past LOL.

[Hotdoger]

Right... Kraken, inflation  CPI report  retail report have no effect on the markets. Good luck pal 

[checkup]

The merger is somewhat complicated and markets don't like complicated.  I think the merger is great for HUT as Canadian operations are being jeoparized by a really, really stupid federal government.

[Hotdoger]

Agreed but it sure doesn't look like merger has hurt hut yesterday or today!

[Hotdoger]

And it sure is not the merger, as per Niagr,  which is months away,   that affected the recent drop when there have been many more pressing and immediate concerns on the market.