The Bac0n Diaries Part #11
Date: 24/03/2021
Closing Share Prices:
HIVE - $3.83 -9%
RIOT - $45.71 (usd)-9%
HUT - $9.00 -5%
BITF - $6.86 -0.44%
Comments:
Another FANTASTIC DAY! for HIVE, HIVE is positioning itself for MASSIVE % of gains!
BITF closed only down 0.44% only a few cents off from Yesterday, this is pathetic.
All the other mining companies had a healthy correction, except BITF. this is a very poor indicator!
Some might look at the share price for HIVE, and wonder why its going lower every single day while its peers are either going higher, or at least not losing as much value as HIVE is.
But this is what we in the investment industry call "stinking thinking".
The truth is that HIVE is BY FAR the best positioned Crypto mining company to benefit from the Bitcoin Bull run.
90% margins for ETH mining, and over 8000% gains!
Not only does HIVE mine Bitcoin, but it also mines Eth and other very rare and precious alt-coins.
These alt-coins already out perform Bitcoin, and will likely replace Bitcoin as the crypto leader in the very near future.
Once Bitcoin goes to zero, ETH will be the new leader, and thats when HIVE truly goes parabolic!
This is something scotianbot has already predicted, so I can't take credit for it. I simply stand on the shoulders of giants!
I doubled my position today buying the DIP, and I would hope everyone else did the same.
Smart money is here on the HIVE board, and whatever post gets the most thumbs up, is the post that contains the most factual and practical information.
Usually these posts come from the regulars on the board that are kind enough to share their rigorous Due Diligence with us.
We ALL owe them a debt of gratitude.
Sign Off:
"Always follow the herd, think the same way everyone else thinks, thats where true genius lays"
-Albert Einstein
-Bac0n
(this is not financial advice)