The Bac0n Diaries Part #17
Date: 15/04/2021
Closing Share Prices:
HIVE - $4.73 +9%
RIOT - $48.11 -4%
HUT - $7.99 -3%
BITF - $5.51 +1%
Comments:
hey all! sorry for the late diaries post, even a guy as rich and as white as me needs to work once in a while.
another down day for crypto stocks in general, but there is some hope on the horizon!
All the big miners finished in the red today minus BITF (barely). there is some major consolidation happening, but after todays market trend it looks to have bottomed and began its climb up from here (assuming Bitcoin continues its run up)
All the big bitcoin players will see a run up next week I think
HIVE was the only one that had an up day today, likely because its not considered by the market to be a big player in the space.
the amateur investors that hold HIVE didn't do much selling / buying today, which is why the HIVE volume was average today,
while BITF and RIOT had heavy above average trading happening.
I think its cute that HIVE investors think they stand a chance at a NASDAQ listing, HUT or BITF will without a doubt get a listing before HIVE is even considered.
But im sure you are all riding high with your 0.38 cent gain today, even though HIVE continues to have the lowest share price.
I think this is due to ETH mining coming to an end, or at least its profit margins coming to an end. Which is why HIVE is desperately trying to transition to Bitcoin mining
But are far behind the big boys in hashrate.
Good things coming for HUT, BITF, RIOT, MARA if you held through this dip, you will be rewarded in the coming weeks
Sign Off:
"The greatest difference between genius and stupidity .... genius has its limits"
-Einstein
-Bac0n
this is not financial advice, only a complete inbred moron would read stockhouse in search of information