I hope those of you rushing to buy new shares are prepared to lose that money. The whales are awake now and are going to be looking for exits.
There are no fundamentals and this is not a growth stock. I don't know how to explain it any better. It's really, really simple and I don't get off on longs getting burned, especially by whales.
I'm under the impression that AM will deliver steady dividends for a long time to come, and it's hard to beat 20-30% pa divs. The fact that the value is kept in a deflationary currency like bitcoin is the cherry on the cake for me.
Whales will have a hard time finding a BTC investment vehicle, _that can handle huge input volume_, that will give them the long term returns that AM can. Even with the cheapest PMB, DMS.MINING, you'll be lucky if you properly make back your principle. Whales have money to throw around, they have an appetite for risk, because that's where the big gains are. I don't see whales selling AM because it is risky, but I'm interested to know what they'll do with their exited funds that'll give them better returns.