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0 sats \ 8 replies \ @BlokchainB OP 20h \ parent \ on: Fold (FLD) had a tremendous Q2 earnings call adds 10k new customer accounts Stacker_Stocks
What about the new products the gift cards and credit card? Plus the compensation is a bit high.
It’s a growing business that is why the price is under $10. Wall Street is taking your position thus they expect it to fail .
I wonder how many shares are short.
i'm betting they lose money on the credit card (most companies use it as a loss leader like costco) and doubtful there is any uptake of bitcoin gift cards
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Well your short position should do very well then. If so bearish put you fiat where your thesis is
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not shorting just betting it won't outperform bitcoin so i'm not participating
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How are you betting with nothing at risk.
If you were true to your convictions you would profit from it. That is why we all buy Bitcoin
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I took the amount that I would short it with and bought bitcoin instead
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Which pumps folds bags because they keep bitcoin on the balance sheet and Bitcoin is scarce