Bullboard - Stock Discussion Forum BlockchainK2 Corp V.BITK

Alternate Symbol(s): BIDCF

BlockchainK2 Corp. is a Canada-based holding company. The Company is focused on investing in the blockchain technology solutions for capital markets and other sectors. The Company’s portfolio companies include Amplify Games Inc. (Amplify), iRecover Inc. (iRecover), Real Blocks (Envexergy) and Standard Power. The Amplify Games Inc. offers a gaming technology platform that allows the digital game... see more

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BlockchainK2 Corp > Patience spelled correctly

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Post by enlcan on Dec 18, 2020 8:32am

Patience spelled correctly

I wonder if the run-up in the price of Bitcoin will have an effect on BITK it certainly seems to have had with HIVE.

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Comment by Stockhousemoney on Dec 18, 2020 1:55pm

hive mine ethereum, therefore directly linked to the price of this cryptocurrency.

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Comment by enlcan on Dec 18, 2020 4:20pm

Aha thanks that explains it. I am happier not being in the crypto mining business even though it is booming right now.

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Comment by Stockhousemoney on Dec 19, 2020 12:45pm

I would be curious to know if the management regrets their move to change the vocation of the company with the price of bitcoin at 24k

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Comment by enlcan on Dec 20, 2020 5:44pm

From my discussion with D.W. about a year ago I don't think so, he stated that mining was transforming into a volume business and only very large players would be able to make money in the future. That being said if Bitcoin goes on a run and hits say $30k then maybe everyone can make a tidy profit. It's always a best guess but the Realblocks path will probably do very well.

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