Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Havin' alot of fun with abit today, volume is really xcellent as well, ANT
Great day, looks like they shook off the panics and are buying back in at 15$ classic move. going over $20 today all IMO. I also do see this going over $100 soon.
Big day possible today and forward, hopefully the company allows the price to appreciate to at least $100 to reward loyal shareholders, who may still hold at $100 like Bitcoin investors do, let’s see that PR about the ATMs, all imo
Articles, PR on ATM delivery expected to coincide with El Salvador Bitcoin imo:
https://bitcoinmagazine.com/culture/el-salvador-will-benefit-from-adopting-bitcoin
https://cointelegraph.com/news/btc-becomes-legal-tender-in-el-salvador-5-things-to-watch-in-bitcoin-this-week
https://www.ft.com/content/56588fee-dca8-450d-a848-80d29f02f45e
https://www.independent.co.uk/news/world/americas/el-salvador-bitcoin-legal-tender-b1915331.html?amp
https://bitcoinmagazine.com/culture/thousands-of-people-to-buy-bitcoin-el-salvador
https://www.pcgamer.com/amp/el-salvador-adopts-bitcoin-cryptocurrency-as-official-tender-currency/
https://www.latimes.com/world-nation/story/2021-09-06/as-el-salvador-adopts-bitcoin-its-young-president-is-dismantling-democracy?_amp=true
https://www.businessinsider.com/el-salvador-buys-400-bitcoin-plans-to-buy-more-2021-9?amp
ATMs mentioned, tomorrow could be a big day for ABIT imo as El Salvador adopts Bitcoin as national currency
https://finance.yahoo.com/news/bitcoin-price-pump-movement-grows-041333104.html
September is here so news about the delivery of ATMs should be anytime imo
Brief spike to 10.00 yesterday, with an ask of 18.00 at one point. Just not enough shares to keep price down which is good and major volume means ridiculous jumps in share price, especially when the delivery of the machines occurs, all in my opinion.
One trading week till that September delivery of initial machines
The stock appears to be collapsing back to .20 filling all gaps imo :
“Debt Securities Sold Disclosure 7/13/21:
13. Offering and Sales Amounts
Total Offering Amount $ 5000000 USD
Total Amount Sold $ 870060 USD
Total Remaining to be Sold $ 4129940 USD”
https://www.otcmarkets.com/filing/html?id=15088884&guid=yzikkp9fl6BLgyh
The amount of dedicated long term Bitcoin fanatics around the world are taking this company to amazing SP heights could see 10x from here all imo
Wow, amazing that this turned up before any downward consolidation, these patient investors mean business 10.00 next?
Three more weeks of chart MACD indicator decline till next PR timeframe imo
Long August SP bleed out till September PR saying a few dozen machines were delivered imo
All the way to .20 now next opp in September when machines are to be delivered imo
Looking for .20 cents imo last week of august as per the chart gaps
Five more weeks till delivery of machines,
fill the gaps maybe till then
1 month chart still indicates a month or so bleed out in Share price till September imo
Gaps exist at .03, .04, .12 and .13 does not mean they will fill, or if and when
The monthly macd indicator does not look good for this stock imo
The only catalysts between now and September that I could imagine would be a PR about a Nasdaq upgrade and another country signing up for ATMs, I wish the PR would have been when there was momentum with the SP increase
Not much volume whoever the big buyer was of 30000 per day does not appear to be around anymore
As an aside since we have to wait months for the results of this ATM experiment,
a stock that trades exactly like ABIT is RUBNF and is in the same range that ABIT was in prior to the run up in SP.
The first phase of the ATM’s to El Salvador won’t begin till September as per Reuters article
Volume was way down on Friday in comparison to the run up, I think investors are either taking profits or in a wait and see mode to get a report on the dozens of machines being brought to El Salvador as a trial run for sustainability. The company promoted for months the opportunity that Central America presented and then when it actually happened the company sounded like they were skeptical of whether the concept of crypto ATMs could work in actuality there. Ironically the company’s previous name was “gameplan” and yet they didn’t seem to have a good one when it was game time.
I think they got caught by surprise in El Salvador given the response of the person in the article who said we are a private company and we want to make sure this is sustainable first with dozens of machines rather than 1500. If there is an order for 1500 machines then that is an opportunity for proof of concept and they seem to be shying away from that opportunity which is a red flag imo. There should have been a PR about uplisting to the Nasdaq and there wasn’t in a timely fashion imo, I think that the company does not believe in itself otherwise it would have confidently brought its product in to fill demand without any question as to whether their own product was good enough JMHO
ABIT $177 This held Up Well imo.
https://www.barchart.com/stocks/quotes/ABIT/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=ABIT&grid=1&height=500&studyheight=100
glta
Potential negatives would be:
Competition from other atm companies
Inability to scale to the necessary level at the speed the El Salvador government would like, potentially losing market share
Not communicating with shareholders a filing for Nasdaq
The ask is starting to pile up and it needs another catalyst to move higher because the news seemed to indicate that they don’t have enough machines at this time to meet demand while another company is planning a factory in country to meet demand.
Volume today dried up, only 33% of volume today indicating that I’d a company or other entity was investing they either completed their investment or stopped it
All imo
This is like a stock being inducted into the big club and being brought up to speed as quickly as possible imo
ABIT $1.90 bid getting stronger by the day Be nice to hold this range for a few
glta
“ Athena Bitcoin to Install 1,500 Bitcoin ATMs in El Salvador as BTC Becomes Legal Tender
Bitcoin ATM operator Athena Bitcoin has unveiled its plan to install 1,500 bitcoin ATMs in El Salvador. Initially, the company will install dozens of machines as a test. El Salvador President Nayib Bukele wants 1,500 bitcoin ATMs installed and Athena Bitcoin said, “we will go for that, but in phases.”
Athena Bitcoin said Thursday that it plans to invest over $1 million to install cryptocurrency ATMs in El Salvador, particularly where residents receive remittances from abroad, Reuters reported, citing a company representative.
The firm expects to gradually install about 1,500 ATMs, hire staff and open an office to carry out operations in El Salvador.
Matias Goldenhörn, Athena Bitcoin’s director for Latin America, was quoted by the publication as saying that El Salvador’s President Nayib Bukele “presented us with a tough challenge of 1,500 ATMs, we will go for that, but in phases.”
“We are a private company and we want to ensure that our development in the country is sustainable,” Goldenhörn added, elaborating:
Initially we are going to bring dozens of machines, test what the business model is like in El Salvador, which will probably be different than in the United States.
Athena Bitcoin installed its first cryptocurrency ATM in El Salvador’s El Zonte beach about a year ago. It was part of an experiment called Bitcoin Beach with the aim to make the town one of the world’s first bitcoin economies.
El Salvador passed a bill making bitcoin legal tender earlier this month. The law will go into effect on Sept. 7. President Bukele unveiled the country’s official wallet application and a bitcoin giveaway Thursday.
This week, Bitcoin ATM provider Chainbytes also said it plans to install bitcoin ATMs in El Salvador. The company is setting up a manufacturing hub in the country.
What do you think about Athena Bitcoin planning to install 1,500 bitcoin ATMs in El Salvador? Let us know in the comments section below.”
https://news.bitcoin.com/athena-bitcoin-install-1500-bitcoin-atms-el-salvador-btc-legal-tender/
Another day above 1.00 towards Nasdaq compliance and request for uplisting, more volume and hopefully more countries placing orders for ATMs like El Salvador did, could another company be helping Athena mass produce these machines to fill current demand? Walmart and other big store in the US could notice that crypto ATMs will be an innovative thing to have in their stores and not want to be late to the game imo.
Big order News:
"Preparing For Law To Take Effect, Athena Begins Installing 1,500 Bitcoin ATMs In El Salvador
PUBLISHED
JUN 28, 2021 1:54PM EDT
A Bitcoin ATM company has reportedly started deploying 1,500 of its machines to help El Salvador become a BTC nation.
Bitcoin ATM company Athena Bitcoin has reportedly started installing the 1,500 bitcoin ATMs it promised the country's president after a law making BTC a legal tender in the nation was approved.
El Salvador's President Nayib Bukele "presented us with a tough challenge of 1,500 ATMs, we will go for that, but in phases. We are a private company and we want to ensure that our development in the country is sustainable," Athena Bitcoin director for Latin America Matias Goldenhörn told Reuters. "Initially we are going to bring dozens of machines, (we'll test what the business model is like in El Salvador, which will probably be different than in the United States."
Athena installed its first bitcoin ATM in El Salvador last year for the Bitcoin Beachcommunity in El Zonte. Now, a few days after announcing the new ambitious intention, Athena has reportedly begun installing its machines. The country's second ATM for selling and buying bitcoin was established in the commercial center of La Libertad."
https://www.nasdaq.com/articles/preparing-for-law-to-take-effect-athena-begins-installing-1500-bitcoin-atms-in-el-salvador
wow Athena Bitcoin Globa (ABIT)
1.84 ? 0.5 (37.31%)
Volume: 37,441 @06/28/21 2:30:22 PM EDT
Bid Ask Day's Range
1.75 1.84 1.34 - 1.85
ABIT Detailed Quote
Thanks SL ABIT Thats what the info i got also.No selling anyway.so far so good (:
glta
Hi Mick ABIT $1.84 added a few here. glta
The float is from otc markets website so unless someone calls the TA then that is the latest number. My theories are unchanged and even enhanced by El Salvador’s moves to distribute Bitcoin to its citizens so its up to each investor, if they believe Nasdaq is a goal and that crypto is a part of the future increasingly then maybe they would be more likely to wait for that to see if the price increases further. If they think the float is being diluted from the restricted shares to keep the price between 1 and let’s say 5 depending on daily volume then that might be a parameter but that would be unconfirmed pure speculation. People with margin accounts could be watching gaps and flipping the stock each day but once gaps are closed do they take the risk this early in the game? We’ll see.
Nice DD ABIT Thanks
Good evening SL Do You think this keeps moving? I usualy dont ask but this one is on my mind alot (: its hard to buy over a Buck when it was only .20 a month ago.I wished I bought more,I only picked up a few so far,sold half.Do You know the True float? TIA
https://www.barchart.com/stocks/quotes/ABIT/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=ABIT&grid=1&height=500&studyheight=100
glta
“The Central American nation of El Salvador is preparing to give up to $ 135 million in Bitcoin to its citizens.”
https://www.fr24news.com/a/2021/06/el-salvador-to-buy-an-estimated-value-of-135000000-in-bitcoin.html
https://www.reddit.com/r/CryptoCurrency/comments/o94met/el_salvador_to_buy_an_estimated_135000000_worth/
reading my friend, thinking out loud some
re;
Athena Bitcoin Globa (ABIT)
1.34 ? -0.56 (-29.47%)
Volume: 75,865 @06/25/21 3:55:23 PM EDT
Bid Ask Day's Range
1.0 1.34 0.81 - 2.95
ABIT Detailed Quote
The continuation of the theory each week for ABIT is that each close over 1.00 is a case for the future of the stock on Nasdaq, the goal which would seem to me to be an obvious next step especially if this is key financial infrastructure then that likely establishes 1.00 as an absolute bottom/base price in the near term. Due to the low supply of shares natural accumulation appears to be occurring now in an investor community that is research savvy and traditionally holds longer than most, thus allowing for a likely forward split of the stock back to let’s assume the 10 dollar range increasing shares by 10x at that time, but still the total number of shares in that scenario would only be 8 million + while still way over the Nasdaq compliance price.
1)any weekend a country could decide to incorporate Bitcoin as payment,
2) the use of stable coins (Amp) in China is something that if successful could at least put a near term bottom in crypto assets,
3) wider implementation of stable coins into western financial trading and banking systems (Curve Dao),
4) ethereum 2.0 in December/January as miners switch to ETC,
5) and incorporations of stable coins into even more web browsers (Celo - Opera),
Lots of possible positives going forward for crypto to pick up speed starting soon and if all things appear to be coinciding in a specific future timeframe then that says to me personally that market forces are moving forward with near term integration of crypto into parts of the existing system, accelerating from there as the internet did initially, even as some politicians and bankers somewhat downtalk crypto publicly for political and regulatory reasons, all the above imo.
Good morning SL ABIT is tightly held thats for sure.I might add a few more monday https://www.otcmarkets.com/stock/ABIT/profile
https://www.athenabitcoin.com/
https://www.barchart.com/stocks/quotes/ABIT/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=ABIT&grid=1&height=500&studyheight=100
glta
This is day 2 over a dollar, this company is very vocal on Twitter etc, therefore expecting a communication about Nasdaq uplisting in the near term, may be coupled with the forward split In a PR imo
97 dollars to go till 100, every day an accumulation and Bitcoin investors are more likely to be long so a perfect storm imo
99 dollars to go till 100 and the first forward split imo, we close above a dollar today the company can apply for NASDAQ then even more volume would likely occur due to the uplisting.
If this type of infrastructure would help continents conduct commerce then being on the Nasdaq is what the powers that be would want imo
ABIT .795 headed for a Dollar by the looks of it imo
https://www.barchart.com/stocks/quotes/ABIT/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=ABIT&grid=1&height=500&studyheight=100
glta
.12 to go to reach 1 dollar, every day volume within this share structure has more accumulation each day, shares will become more expensive, math 100 dollars forward split imo.
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
164
|
Created
|
03/29/14
|
Type
|
Free
|
Moderators |
PUBLISH DATE | TITLE | PERIOD END DATE |
---|---|---|
11/15/2021 | Quarterly Report - Q3 2021 Consolidated Financial Statements (Unaudited) | 09/30/2021 |
11/15/2021 | Management Discussion and Analysis - Q3 2021 Disclosure Statement | 09/30/2021 |
08/16/2021 | Management Discussion and Analysis - Q2 2021 Disclosure Statement | 06/30/2021 |
08/16/2021 | Quarterly Report - Q2 2021 Consolidated Financial Statements (Unaudited) | 06/30/2021 |
05/19/2021 | Management Discussion and Analysis - Q1 2021 Disclosure Statement | 03/31/2021 |
05/14/2021 | Quarterly Report - Q1 2021 Consolidated Financial Statements (Unaudited) | 03/31/2021 |
04/21/2021 | Management Discussion and Analysis - 2020 FY Disclosure Statement | 12/31/2020 |
04/12/2021 | Annual Report - 2018 & 2019 Audited Financial Statements | 12/31/2019 |
04/01/2021 | Annual Report - 2020 FY Audited Financial Statements | 12/31/2020 |
11/23/2020 | Management Discussion and Analysis - Q3 2020 Disclosure |
Athena Bitcoin can help you access the world of cryptocurrency. We operate Bitcoin and other crypto ATMs throughout North and South America. Our peer-to-peer exchanges BitQuick.co and MercadoAthena.com enable individuals to buy and sell bitcoin without an ATM.
For trades $10,000 and above, Athena Investor Services offers personalized service that’s just a phone call away."
https://www.athenabitcoin.com/Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |