My thoughts - not a financial advice
$Bit Brother(BETS.US$ if they can avoid an RS or delisting, this is going to run. why?
1. bitcoin is set to rise like crazy if the ETF approval comes through in early Jan. this means, the value of BETS’ existing Bitcoins will rise and minting new coins will become more profitable.
2. the april halving event will reduce the cost of minting coins, further improving profitability of minting coins
3. all this could trigger a fomo and help increae bitcoin price to even crazier levels.
all this will make BETS a more valuable company.
of course, all this is speculation and one should do their own DD and ibvest according to their risk appetite.
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KingNY-Life : Very true, so you should keep buying now
FiReBiTriXiE : Nah I’ll have to agree to disagree here! Am RS is perfect right now with Bitcoin on the rise! The smaller free float means smaller supply which we all know when demand turns up and supply’s low it will skyrocket because the small amount of supply available(shares) I don’t see why peeps complaining so much RS isn’t always disappointing they can actually benefit companies in many ways to like making their supply lower so when great news hits it’s fckn gone gone gone to Pluto fck the moon haha a 10 bagger in one day frfr I want RS because we gonna spin wheels with the float we have now! Just my perspective
neyneypok : looking at what they did (offerings) a few days ago when the stock was surging, they just want to raise more capital. until they have high restricted stocks, I am convinced that they want to continue diluting this and squeeze out as much as they can from more offerings
Sammy Diaz : They are most definitely going to split the price, so for example, if you own a bitcoin, it will be split in two. If it's at 44k, each coin will be at 22k each, so there will be more coin minded
NickSaSa : they should stop all non sense like offering n dilution, focus on generating more coins n investors to come in...only 1cents stock dun play like they r $20 dollar stock...2 offerings n RS some more to come...u wan like that soon pple all run away n no liquidity for u..they rather buy other bitcoin stock
71336435 : like qbts, rum, velvet, hell muln better
Josephpierce1978 Sammy Diaz: They don’t split the price, it’s called halving which they do every 4 yrs in May, the next one is in May 2024 and they half the reward for mining bitcoin of the remaining bitcoin of the total 21 million bitcoins, there will never be more than 21 million bitcoins