Hi Thessaloniki, You seem like a nice guy, so I’ll give it a shot at explaining a few things from my very limited knowledge of DCC. A simplistic approach if you will lol.
Anybody else feel free to correct me or add to my comments....
I think you may be in the wrong share mate...? DCC make money off Bitcoin transactions if I recall right, yes they hold Bitcoin, and use half of their Bitcoin holdings for their fund, so essentially their worth increases as Bitcoin increases but they don’t make revenue from Bitcoin increasing in value as such. But they will generate more money through their Crypto fund as the interest and dealings from customers are much higher.
They have been working on their latest app release called “drawbridge” this is designed at the moment as a service to Australian listed companies for a fee as an automatic policy adherent!? (we know VUL have signed up but not sure who else?) They are looking at branching this service out Globally in the near future also.
Where DCCs SP will go up is from their Jan quarterly if it is good. No one knows how well they are truly doing until the 4C is read late Jan. This is why the SP isn’t really reacting to the BTC price and atm it’s a bit of a gamble at this price without seeing any revenue/holdings update. I think most feel the revenue results will be good but no one really knows atm.
But if you want to take full advantage of the BTC price then you are better off buying BTC imo. I have never bought Bitcoin but have read up on it a little. Im not sure what everyone else uses but I’ve heard Coinbase is good and they store your Bitcoin in their separated wallet so it’s relatively safe. A lot of people recommend downloading your own crypto wallet and once you have purchased BTC through Coinbase (at a fee) then you transfer the purchased BTC into your own wallet for safe keeping.
Not financial advice as it’s only my view and how I see it in a nutshell. Hopefully more knowledgeable posters can chime in but best of luck with whatever direction you choose to take.
DCC Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
