Posted by timebandit on 30th of Dec 2020 at 04:35 pm
Did a little research on CAN, because I had no idea what they do
in crypto area. They make the blockchain servers and
microprocessors for bitcoin mining. Their price peaked in November
when they reported a loss. Given the hardware and electricity
costs, bitcoin price needs to be over $15,000 for mining to be
profitable. That is the case now, so people may choose to get into
mining, which means CAN will sell them equipment. So they are a
peripheral player in the crypto field, kind of like a parts
manufacturer in the automotive industry, I guess.
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CAN is popping.
the craziness continues in the digital currency plays
Posted by lapri24 on 30th of Dec 2020 at 02:06 pm
CAN is popping.
nice! yeah the way to
Posted by matt on 30th of Dec 2020 at 02:33 pm
nice! yeah the way to play that crap is look what hasn't moved, then buy as it will using play catch up
Thx Matt for mentioning CAN.
Posted by lapri24 on 30th of Dec 2020 at 02:24 pm
Thx Matt for mentioning CAN. Bought 30 min ago before the pop...
Did a little research on
Posted by timebandit on 30th of Dec 2020 at 04:35 pm
Did a little research on CAN, because I had no idea what they do in crypto area. They make the blockchain servers and microprocessors for bitcoin mining. Their price peaked in November when they reported a loss. Given the hardware and electricity costs, bitcoin price needs to be over $15,000 for mining to be profitable. That is the case now, so people may choose to get into mining, which means CAN will sell them equipment. So they are a peripheral player in the crypto field, kind of like a parts manufacturer in the automotive industry, I guess.