Each to their own.
Given the crypto environment and the upcoming growth in Arb I’m happy sitting on my hands.
As far as I’m concerned the more undervalued we are the less likely I will sell and miss out on the breakout.
I believe the silent majority of investors are doing the same.
Not sure how accurate the watch count is on Stocktwits to gauge US interest. But had been around 18,500 for ages then the day of the ipo it went to 19,500 , since then it has not moved and even gone down slightly. Is there just no interest in Arb at the moment esp in the US ?
Given up trying to understand but no intention to sell an increasingly undervalued asset.
https://www.coindesk.com/business/2021/10/11/bitcoin-miner-bitfury-plans-to-go-public-with-value-in-billions-of-pounds-report/
Expected to be Europe’s biggest crypto public valuation
https://www.the-sun.com/money/3750645/cryptocurrency-executive-order-bitcoin/
Should be good.
Put protections in place , helps to legitimize crypto and give investors/individuals more confidence to invest.
As they say stem the “illicit” use of cryptocurrencies.
Few months ago felt like the main BTC issues being discussed (green Energy , China , Regulation) we’re all a negative, Now most news articles are highlighting the positives. Relocation of mining to more green areas , regulation to have more positive affect in allowing BTC to go more mainstream with Inst support , likely ETF approvals , mining powered by volcanos etc etc. Even Elon factor should be a positive next time he wades in (can’t be long till he accepts BTC again) esp as his BTC inv is now very profitable.
https://texasblockchainsummit.org/
Don’t remember hearing about this - summit was on Thu/Fri.
Attendees included 3 senators & SEC commissioner Hester Pierce.
PW was on one of the panels.
https://news.bitcoin.com/china-cryptocurrency-mining-negative-list-market-access-making-the-industry-off-limits-to-investors/
Assume not a lot of Chinese investment in Arb anyway,
Assume most investments are in Chinese companies but does this mean that Chinese mining companies who are already having to move mining operations out of China will now be losing inwards investments ?
Given that other miners SP seem to be struggling does our price reflect the fact that over the last few months numerous operations have been raising funds and at the moment there is a limited amount of demand. In my view this is the reason the ipo went at the price it did rather than any errors etc by PW. Tendency to look at the share price and then look for someone to blame within Arb rather than looking at the overall sector.
Given what’s happening with BTC/Blockchain at the moment never been more excited about holding these shares and where we will be in 6/12 mths time as mkt demand increases.
If I’m honest when I first invested 10 mths ago it was 40% excitement 60% fear. Now it’s 80% excitement 20% fear.
https://newsfilter.io/a/1d0b93e5b00a0242d6974e093cb4c8ac
Posted on Stocktwits
Just for the record PW has my total support.
Happy to see constructive criticism but sick of the Lynch mob mentality of a lot of people.
Exciting times , going to enjoy being invested in this company, not going to let the b*****ds grind me down.
https://bitcoinmagazine.com/markets/twitter-drives-300000-bitcoin-price
Settle for that !
Like the comment that it is important that company has active communication before the ipo because that then sets a precedent for what is considered normal. As PW has been very open will give him more ability to be open during the quiet period.