• 103160675 OP : nevermind, drop this, too risky

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• yeebee : mining companies are a horrible suggestion

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• 10baggerbamm OP yeebee : I understand where you're coming from. for most of last year I was adamantly opposed to the mining companies for the reason that I outlined. your supply of your product is reduced by half by design yet the price that you can sell it for does not double it's a horrible business model.
  everything has now changed as a result of president Trump yesterday
  you have to look at the big picture
  the United States is the superpower of the world China's number two and then everybody else falls into place.
  whether you like President Trump as a political leader other countries leaders have to answer to their people one way or another. and you have to compete with the United States you either compete as a friend or as an enemy. Bitcoin is a very binary decision do you believe that as a result of president Trump now signing which he will do this week the executive order and it will go through Congress in the future that way true administrations won't be able to steal or borrow from the strategic reserve that would be the shit bag Democrats by the way.
  so this decision that other countries have to make is do we want to be left behind or do we want to buy Bitcoin to provide stability to our country's base as well because if they don't make the right decision now it's going to get very expensive for them in the future.
  the example that I gave of gold mining companies relative to the price of gold is 100% identical to what the Bitcoin mining companies are going to experience. because they're expenses as a Bitcoin miner are relatively constant some have higher electricity some use solar and wind to offset some or a portion or all of their electrical needs.. but because they're expenses are basically fixed their profits are 100% correlated to the price of Bitcoin just as the gold miners profits are 100% correlated to the price of gold and when you have the underlying commodity go up dramatically and we watch gold go from a range which broke out at about 1,820 to Knocking on 2900 when it broke out of that range the profits for the gold mining stocks went through the roof and the stocks rallied dramatically.
  that's what's going to happen to the Bitcoin mining companies I can say with 100% degree of certainty it's going to mirror that exact identical pattern as Bitcoin goes up and I don't mean looking at it now and it shows down 1500 compared to 1201 last night when the clock resets a new day I'm talking 3 months down the road 6 months down the road one year down the Road 2 years down the road these companies are going to be ringing the cash register they are mining digital gold and the demand is going to become insatiable. once countries start buying they're not going to throw a switch and stop they're going to be buying every month.
  so unless you can articulate your thoughts and tell me why I am wrong I'm going to stick with almost four decades of experience that says I'm right

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• Andy loving trading : I like Bitcoin mining companies

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• TechOverLord21 yeebee : i agree!  i made over 150% profit with HIVE and Bitfarms but happy to be retire from this shit

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• Deals Gap 129 : Again those poor thumbs of yours from all the blah... Chill my boy. He isnt god.

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