interesting your investment strategy is based around high profile ppl doing something so it must be right. i hope you have enough money to follow the crowds.
even if we say crypto is here to stay (i'm not denying it), its a matter of picking the crypto which will end up on top / highest market cap. many of these alternate coins will fall by the wayside
back to DCC, why does the volatility of BTC over the past 3 months mean automatic revenue for DCC ? I understand there is opportunity, but why guaranteed revenue?
Do you understand they consistently advertise their BTC holdings on financial statements? they report it as a current asset. to any investor is not good to hold volatile assets, cash is king.
let me provide some actual metrics for you instead of prediction or guessing:
DCC share price 09/01/18 = $0.41
DCC share price today = $0.165
DCC market cap has gone from $200m to $80m in the last 3 months
Company Announcement?, page-26
Add DCC (ASX) to my watchlist
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Last
5.4¢ |
Change
0.004(8.00%) |
Mkt cap ! $46.78M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.7¢ | 5.1¢ | $200.7K | 3.744M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 148000 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 58573 | 2 |
View Market Depth
| Last trade - 14.40pm 31/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
0.004 ( 5.88 %) |
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| Open | High | Low | Volume | ||
| 5.2¢ | 5.7¢ | 5.1¢ | 1543281 | ||
| Last updated 14.40pm 31/05/2024 ? | |||||
| DCC (ASX) Chart |