$Bit Brother (BETS.US)$ bitcoin is on the way up, this compa...
$Bit Brother (BETS.US)$ bitcoin is on the way up, this company is going to start esrning money soon and this stock is coming down...can someone explain for it?
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Seraphicall : Management issue
Salmon Klein OP Seraphicall : what you mean?
Mikey_7371 : Anytime the stock pops the company makes an offering diluting shares. They ve made 2 offerings in the last 3 months. They ve mined 120 Bitcoin in a year. They re a former Chinese tea company that just got into Bitcoin mining. They won t last much past the halving. Most Bitcoin miners have established themselves. This isn t going to be like the last halving cycle when all miners popped because mining was new. The established miners will survive , this stock won t. I sold for a big loss after a month
ben123 : Bears are in operation. If no one sold five days ago, there is no way for the bears to make a profit
独夫 : Bitcoin is being recycled between 40500 and 45,000
Salmon Klein OP 独夫 : so what? it has doubled in the last 2 months...and will keep increasing
独夫 Salmon Klein OP : consents