Post by
Bac0n on Jan 21, 2021 1:16pm
Brass Tax.
"so Bac0n when should I buy back into HIVE?"
"so Bac0n should I buy back into HIVE? or pivet to other bitcoin companies?"
"so Bac0n has bitcoin peaked?"
these are just some of the private messages ive been getting, so let me address these questions,
Buying back into HIVE I think has pros and cons.. some of the pros is that HIVE seems slightly less volatile to the ups and downs of Bitcoin. However the gains HIVE can have is very limited. and barely ever breaks $3 for long, as ive said at length HIVE is overvalued due to its high share dilution activties with 350,000,000 shares outstanding.
Buy into HIVE or BITF, HUT, RIOT etc? Personally I like BITF and HUT the best, they are running the best and most profitable operations at this time, HIVE mining Etherum didnt have a significant jump (or any jump at all really) after ETH hit all time highs again. This is concerning, as I see HIVE as exposure to Eth. But the market seems to disagree.
and the million dollar question.. has Bitcoin found bottom? or did it peak at 40K and we will never see that again?
I think we havent found bottom yet, and I think Bitcoin will continue its upward rise eventually. the most conservative estimates predicted Bitcoin to hit at least 50 - 60K USD. and some banks JP Morgans among others have predicted up to 300K Bitcoin.
So I find it hard to rationalize that we topped at 40K
hope this answers some of the questions ive been asked.
*sips scotch*
God bless the bag holders
-Bac0n
Comment by
AlphaJ on Jan 21, 2021 2:03pm
I guess you have to use the br to make paragraphs eh?
Comment by
Bac0n on Jan 21, 2021 2:09pm
so to be clear AlphaJ, are you in favour of buying back in at this point? or are you still going to give it a day or two and see? from my perspective im still unsure, I agree we could slip another 2 - 3K at least. -Bac0n
Comment by
AlphaJ on Jan 21, 2021 2:13pm
I've taken some position in hut and dmgi. The problem is, today is Thursday. So tomorrow will be critical. If it goes lower it could be over the weekend. By Monday we could be back to mid 30s. So I'm starting my buy in now. If I loose another 10% in the next day, no biggie. I just saved 30-40% drop which is like what, about 80% on the upside. Im feeling good here.
Comment by
AlphaJ on Jan 21, 2021 2:15pm
plus I run a business and tomorrow ill be out all day, I won't have time to review this.
Comment by
Vanessa1990 on Jan 21, 2021 6:15pm
Hey Bac0n, it seems like you have a high reputation on here. I was looking at HIVE too and bought a few shares. I bought a lot into HUT (1600 @ $6.84) and BITF (3350 @ $4.49). I know I bought them at high prices, but I am not sure what to do at this point. What are your thoughts??
Comment by
Vanessa1990 on Jan 21, 2021 8:15pm
Thanks, very sweet of you to offer your insight. I don't want to get too "greedy", so I'll take any profits or break even. When do you predict hut/Bitf will make recoveries? Are we talking months or years?
Comment by
Soundstogoodto1 on Jan 21, 2021 8:45pm
BasebaIIfury, why did you sign Bac0n to your response to Vanessa1990?
Comment by
BasebaIIfury on Jan 21, 2021 9:08pm
Because I am Bac0n duh. -Bac0n
Comment by
AlphaJ on Jan 21, 2021 9:40pm
yes, he did. Bac0n is schizophrenic. Im almost certain he made Vanessa too. So he can tout his own horn.
Comment by
Vanessa1990 on Jan 21, 2021 9:55pm
AlphaJ, what is your issue? I asked a very general question. I'm also on yahoo finance posting quite a bit as I want to learn more. I know you have a high reputation as well, so feel free to give me tips/advice as that's what I honestly need...
Comment by
AlphaJ on Jan 22, 2021 12:00am
first of all V, no-one praises anyone on this board. 2 bac0n has like 5 accounts and that talk amongst themselves. 3 Bac0n always says he predicted it after the fact but he gets it wrong 90% of the time. He's a weird dude. And now your a new account praising bac0n. Thats suspicious.