Bullboard - Stock Discussion Forum HIVE Digital Technologies Ltd V.HIVE

Alternate Symbol(s): HIVE

HIVE Digital Technologies Ltd. is a Canada-based cryptocurrency mining company that focus on sustainable green energy. The Company is engaged in building a bridge between the digital currency and blockchain sector and traditional capital markets. It owns and operates predominantly green energy powered data center facilities in Canada, Sweden, and Iceland. It also owns hard assets such as data... see more

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HIVE Digital Technologies Ltd > Why does BacOn want to buy puts ?

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Post by risky on Aug 12, 2021 3:51pm

Why does BacOn want to buy puts ?

Can anyone explain if he wants the price to go down or up...whats the point of them > to me HIVE is set to explode up, but what does he know if he wants to short it.
thx

173

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Comment by Singoa58 on Aug 12, 2021 5:14pm

He’s a lonely man probably bald and grossly overweight and obviously a virgin with no friends except his stockhouse buddies lol ...oh was good to be short bitfarms today lol... come on man shows us your practice account again lol

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Comment by Bac0n on Aug 12, 2021 5:33pm

Buying PUTS is a mechanism to short a stock. I disagree that HIVE is going to go up much at all short term, and I am certain that it will correct back to the downside BIG TIME by end of year. thats why I want to short it. and lets face it, im the only one on this board that has been right about anything. the rest is just noise from peasants. *sips scotch* -Bac0n

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Comment by risky on Aug 13, 2021 6:45am

Thanks for the explanation, you have been very right many times, and I would not listen to you ,because this is stockhouse full of pumpers and bashers....hard to follow advice on a message board , but yes you were correct in calling it......but last year bitmining listed companies were in their infancy , but now they are becoming refined with lots of cash and hashpower, I still think HIVE is stall ...more

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Comment by Bac0n on Aug 13, 2021 11:16am

lol if you say so *puffs cigar* -Bac0n

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Comment by AlphaJ on Aug 13, 2021 11:31am

Bac0n, probably a good time to short hive was yesterday, maybe today? I can see coins retracing and testing support in the next few days..maybe around BTC $40k is a good buy spot, imo

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Comment by AlphaJ on Aug 13, 2021 11:37am

40-42k will be test area. Idk what that means in miner prices. Hive. 3.2cad bitf 7 cad? Im guessing anyway, we could blast off but it seems way too early for anymore major upper resistance break though. Probably need more momentum aswell. 42k is low enough to smash through 50k.

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Comment by Bac0n on Aug 13, 2021 11:56am

PUT options still arent available, or I would already have a short position on this dog, waiting for PUT contracts to be up, then ill gobble them up -Bac0n

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