I loaded up last week on two top Bitcoin mining stocks here. Why? Bitcoin is trading today at $27,600 USD at the time of writing. Its all-time high is $64,000. The price today is 43% of its all-time high. Have a look at the chart below of a general sample of the largest bitcoin mining company’ stocks: There… Read More »
In less than a week, bitcoin mining stocks go from being the lousiest investments you could buy to being one of the hottest. The last time I wrote about bitcoin mining stocks, it was August, and the headline was “The Opportunity in Bitcoin Mining Stocks”. There WAS an opportunity there. An opportunity to lose lots of money if you… Read More »
Whoo-hoo! In July I started buying call options on a certain bitcoin mining stock and it’s already doubled. I have been buying (and selling) bitcoin mining stocks since 2018 and in the long run have done very well. Here is a list of articles that I have written about the sector here. Am I an expert on the… Read More »
Last week I added to my position to Bitfarms (BITF-TSXv), a bitcoin miner based out of Quebec, Canada. Despite the political turmoil over US election results (or because of it), Bitfarms stock is up this week to 55 cents CAD. It was 45 cents a week ago. After months of increasing hash rate, with the end of moonson season… Read More »
Cryptostar (CSTR-TSXv) released its first-quarter earnings yesterday and the stock closed at 0.09 cents (CAD), or up 50%. Today it closed down to 0.075 cents. Cryptostar traded as low as 0.015 cents earlier this year. In first quarter (ending March 31st, 2019), the company booked a loss of $2,051,193 USD. At first glance, it seems odd that the share… Read More »
I have bought put options on RIOT Blockchain (RIOT-Nasdaq) which I hope will expire out of the money. A put is a contract to SELL shares in a company at a certain price. I have bought contracts for the right to SELL RIOT at five dollars. That means the contract is worth money if I can BUY shares… Read More »
