Disappointed but not surprised that the market dropped this far from 30c. Many people seem unsure of what DCC are doing as Market makers, they are not just trading crypto, they also using using arbitrage to profit mismatched bids and also providing liquidity - they are priming themselves to profit from the active trading of crypto assets regardless of the direction of price movements. There is serious volatility in crypto assets, and if you have ever traded on multiple exchanges you can be sure their is plenty of oppurtunities for arbitrage if you are a MM - great for the company to protect themselves from large price swings. But really, what people should be most excited about is the Huge profits they are making as announced today. They recieved a 4M investment in BTC, now they have more than that as cash in the bank while still maintaining their holdings of $14M in crypto. And this doesn't even include the recent ICO payouts (other than power and fuel) they have been contracted to recieve..... I am definitely impressed, I bought more at 27c knowing their was a strong chance of a sell of like with OOK yesterday, because I still think that's damn cheap - it's time to periodically accumlate if this sell down continues (which it probs will) because the days of DCC being microcap are seriously limited IMO.
p.s. My blood pressure rises 100x everytime I see the letters "CR" pop on this forum, seriously concerned that I am going to have a stroke or burst a vein - I'd love to know why you think a CR is warranted. I know shareholder reports tend to embellish but how does "extremely well capitalised" translate to "desperate need for working capital" in your brain. I get that CR maybe inticing for this company considering alot of their assets are frozen with no liquidity until the tokens hit exchanges, but look how much money they have. How much do you think they plan to raise? Why do you think they would dilute they holdings of DCC shares when they could just tap into the $18M they already have instant access to for working capital? Explain. Plz.
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Last
4.5¢ |
Change
0.003(7.14%) |
Mkt cap ! $38.98M |
Open | High | Low | Value | Volume |
4.3¢ | 4.6¢ | 4.3¢ | $31.21K | 696.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 204942 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 24911 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 197679 | 0.043 |
4 | 178000 | 0.042 |
7 | 489535 | 0.041 |
6 | 322500 | 0.040 |
4 | 310641 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 24911 | 1 |
0.046 | 110480 | 1 |
0.047 | 13544 | 1 |
0.049 | 170918 | 3 |
0.050 | 247659 | 2 |
Last trade - 15.17pm 16/08/2024 (20 minute delay) ? |
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