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re: BFARF-Canadian bitcoin miner about to uplist to NASDAQ

Posted on 5/7/21 at 9:40 pm to
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 5/7/21 at 9:40 pm to
As far as I know they just focus on mining bitcoin. Agree 100% that this is not a long term hold. This is a swing trade until they hit the same market cap as MARA or RIOT. FOMO and fundamentals may take them higher than that briefly but the risk reward is getting more dicey above $15. I plan on getting about 2.5x on my money then redeploying those profits into more BRPHF and NSHWS. Also will place small bets on the next OTC miners to uplist (HUTMF, ARBKF, etc). Basically playing the arbitrage between OTC miner multiples and NASDAQ miner multiples.
Posted by jimjackandjose
Member since Jun 2011
6498 posts
Posted on 5/7/21 at 10:20 pm to
Probably going to dump my mstr monday and roll it into this play.

Figure mstr will still be there after this is over
Posted by PatriotNonna
Member since Jan 2021
5 posts
Posted on 5/8/21 at 1:00 pm to
I'm not finding it listed on any apps. Any suggestions on most user friendly app? Especially one that carries crypto?
Posted by Tuscaloosa
11x Award Winning SECRant user
Member since Dec 2011
46626 posts
Posted on 5/8/21 at 1:02 pm to
I dumped my 16 year long hold on my Nokia stock to purchase BFARF this morning. I hope this one turns out better than Nokia.
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 5/8/21 at 1:13 pm to
Main risk here is bitcoin crashes before uplisting to NASDAQ. But it’s looking strong right now. If anything this might be timed perfectly if they get onto NASDAQ the same time bitcoin is approaching 75K.
Posted by PatriotNonna
Member since Jan 2021
5 posts
Posted on 5/8/21 at 1:14 pm to
What's the best app for this? Newbie just learning and watching.
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 5/8/21 at 1:17 pm to
You can buy BFARF on almost any brokerage site, Etrade, Fidelity, etc. It will be under the symbol BITF on the NASDAQ, where Robinhooders can then buy it.
Posted by PatriotNonna
Member since Jan 2021
5 posts
Posted on 5/8/21 at 1:56 pm to
Looking specifically for a good app. I have USDAnchor it offers limited. Crypto.com is overloaded and can't get past enter email lol
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 5/10/21 at 8:36 am to
Just hit $7.25... Hope you baws got in on Friday. See ya at ~$15-20 in a month.
This post was edited on 5/10/21 at 8:43 am
Posted by CP3LSU25
Louisiana
Member since Feb 2009
51150 posts
Posted on 5/10/21 at 8:43 am to
Bitfarms LTD?

Going in now 1000 shares
This post was edited on 5/10/21 at 8:45 am
Posted by KillTheGophers
Member since Jan 2016
6218 posts
Posted on 5/10/21 at 9:52 am to
Thanks General Lee

Just exited with a 20% return in a couple days of holding.

Posted by TexasTiger34
Austin, Kind of
Member since Mar 2008
11338 posts
Posted on 5/10/21 at 10:41 am to
this crypto-themed stock sounds a lot like one that will drop 30% right after i buy it like voyager and bigg.. i'm enough in the red on those so i'll pass on this "to the moon" stock
Posted by PotatoChip
Member since May 2014
3504 posts
Posted on 5/10/21 at 1:59 pm to
Yep, I bought this morning at 7 and now I am deep red...
Posted by Playmaker7
Louisiana
Member since May 2020
39 posts
Posted on 5/10/21 at 2:07 pm to
6.19 for me :/
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 5/10/21 at 2:18 pm to
Yeah it’s gonna be a wild ride full of dips and peaks, but the market cap is going to normalize between this and MARA/RIOT at some point. Bitcoin miner volatility is pretty crazy.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57462 posts
Posted on 5/10/21 at 2:40 pm to
Why the frick is HUT8 in the shits...looks like BFARF and hut8 are around the same MC right now. Whats BFARF holdings like? Hut8 from what i read killes MARA and RIOT in mining and Hut8 doesnt sell.
This post was edited on 5/10/21 at 2:43 pm
Posted by Playmaker7
Louisiana
Member since May 2020
39 posts
Posted on 5/11/21 at 7:48 am to
Does this stock move with Bitcoin?
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 5/11/21 at 7:51 am to
Some of the time. Probably going to open up today -10 to -15 percent though even though bitcoin isn't down that much relatively speaking. Bitcoin miners are getting slaughtered with tech stocks right now, MARA and RIOT are down ~20% pre market. Crazy times.
Posted by Lickitty Split
Inside
Member since Apr 2017
3911 posts
Posted on 5/11/21 at 8:10 am to
If you want to invest in crypto, the Voyager app is the best. Download the app and trade $100 to get $25 of free Bitcoin.

Use my code 820D0F (those are zeros) to claim your BTC. Here’s a link to the referral and app.

Voyager
Posted by PotatoChip
Member since May 2014
3504 posts
Posted on 5/11/21 at 8:24 am to
You still thinking 15-20 over the next month? I’m getting slaughtered on this thing.
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