BITF cyclical trade/investment (3-5 years)
Atualizado
There a strong probability that the price can break lows $0.28 lows. But buying at these prices unleveraged is still great opportunity.
In terms of sentiment on financial blogs and social media, most are wholeheartedly predicting the future demise of this stock. Personally, this exact same mentality surrounding this stock at its highs in terms of how they somehow knew it was underpriced and that it had upside potential. As usual the crowd is often wrong. Always a hard pill to swallow for them...
(no bullish sentiment in terms of price action)
There's a lot of uncertainty surrounding bitcoin miners and many are not able to keep up with how things are going.
The risk are undoubtedly high and reward is EXTREMELY high... If they are able to manage this and survive.
Obviously, the need to keep up to date with the crypto market and this stock is needed to determine if the risks are not worth the investment. example -> If something occurs with BITF and they seem to be going the wrong direction and if BTC drops extensively.
I highly doubt that though seems like the majority of the pain and washout has been done and those who got burned left and those who survived will thrive.
Mostly leaves it how macro develops and when it will allow BTC to thrive.
In terms of sentiment on financial blogs and social media, most are wholeheartedly predicting the future demise of this stock. Personally, this exact same mentality surrounding this stock at its highs in terms of how they somehow knew it was underpriced and that it had upside potential. As usual the crowd is often wrong. Always a hard pill to swallow for them...
(no bullish sentiment in terms of price action)
There's a lot of uncertainty surrounding bitcoin miners and many are not able to keep up with how things are going.
The risk are undoubtedly high and reward is EXTREMELY high... If they are able to manage this and survive.
Obviously, the need to keep up to date with the crypto market and this stock is needed to determine if the risks are not worth the investment. example -> If something occurs with BITF and they seem to be going the wrong direction and if BTC drops extensively.
I highly doubt that though seems like the majority of the pain and washout has been done and those who got burned left and those who survived will thrive.
Mostly leaves it how macro develops and when it will allow BTC to thrive.
Nota
Last year on yahoo I said that I shorted the stock and was told to kms.I'm sure they would be saying the same thing now but when the price returns to ATH they'll only be at breakeven.
Sad world we live in. I truthfully feel bad for them.
Aviso legal
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