Meten EdtechX Education Group Ltd (METX)

[PENNY DIPZ]

GOOD MORNING $METX!!!

[CarlCarlMcB]

Merry Christmas $$))))))))$$$$$$$

[CarlCarlMcB]

Weeeeee are pulling away $$$$$$)$)

[CarlCarlMcB]

Green greeny yeah $$$$$$

[Surfacetite]

Dropped my avg to .1236.

[ChrisTianSurfer]

Added a few in the .109 range

[Actualfactual]

Volume at 41M and rising and only an hour into trading.

[chumfm]

That's not 1 dollar a share,it's 1 dollar for the whole company.Which make the shares worthless.Good luck with this one.

[Actualfactual]

Volume today highest in a month. Imo she’ll double off these atl’s

[mess124]

$1 buyout coming? https://finance.yahoo.com/news/china-online-education-group-announces-102400979.html

[cameron86]

Nope

[ChrisTianSurfer]

Wow, no talk about their newest Blockchain and cryptocurrency machines??

[OffTheGrid]

Adding

[ernie44]

been down too long---time to go up---wayyyy up

[Newc]

32 weekly rsi nice accumulation. Hey, did you play legend of mir 2? Name looks familiar.

[wesley_]

$.21 nice

[kzivann]

Volume .. reason?

METX

[Eagle1]

What’s the pt here?

[MASTERULTRA]

This company needs to let shareholders breathe... seriously!

[Dharna]

Seems so. I don't get it. Metaverse us in fire . People are jumping in with both feet to learn. They need to step up there game

[KeepOn]

Does this just keep heading to zero?

[Dharna]

Little news today. It looks like they're making a little money that's a good thing great sign. The metaverse nfts creating the land and the environment. Students are running for the classes. First one in win's the big prize. I think we see this grow even in the USA. Many people are studying metaverse. Hell Snoop Dogg even owns land in the metaverse. I want the students that makes the land

[PennyPusher786]

Agreed

[Dharna]

Waiting to see if their mining will produce. Metaverse, nft, and land is where it's at.
See if last pr comes true.
Still going to take some time.

[PennyPusher786]

BUY METX make some 10x z 20x gains and transfer profits to Bitcoin is the plan!

[PennyPusher786]

A PR is soon on the way,

Meten Holding Group Ltd. Starts Preliminary Trial Operation of the Cryptocurrency Mining Business in Pennsylvania, U.S.

January 11, 2022, 8:30 am

Procured 147 cryptocurrency mining machines in North America, with a total computing power of about 14P

SHENZHEN, China, Jan. 11, 2022 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that it had started preliminary trial operation of the cryptocurrency mining business in Pennsylvania, U.S. Currently, the Company has procured 147 cryptocurrency mining machines with approximately total computing power of 14P, which have been put into commercial trial operation in Pennsylvania, U.S.
As part of the previously announced strategic partnership with AGM Group Holdings Inc. ("AGMH") (Nasdaq: AGMH), the Company purchased cryptocurrency mining machines from AGMH. Recently, AGMH has delivered 1,335 units of Bitcoin mining machines to the Company. In conjunction with the delivered units, the Company will be scaling up its mining machines to increase computing power capacity to reach 135P. The Company expects to have all miners are fully operational in January 2022, signaling the start of official operation of the cryptocurrency mining business.

Involving the cryptocurrency mining business is one of the Company's strategic plans to transform into a "Metaverse Technology Company" and this business is running smoothly at present. In addition, the Company has now started to build mines in Canada and the U.S. Looking forward, the Company expects to operate its mining business in these to-be-build mines in North America and provide custody services for other global mining units.

About Meten Holding Group Ltd.
Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is one of the leading omnichannel English language training ("ELT") service providers in China, delivering English language and skills training for Chinese students and professionals. In addition to strengthening its position in the ELT service industry in China, Meten actively explores the blockchain and cryptocurrency mining business outside China, with a long-term goal of creating value across the cryptocurrency industry. Meten expects to engage in businesses related to blockchain and metaverse in North America and other countries and areas around the world (not including China), including cryptocurrency mining, mining farm construction, and mining pool and data center operation.

[PennyPusher786]

Just slapped it! Let's get er

[gattes12]

It's quiet over here. You still buying?

[Surfacetite]

gonna get hit up in hea

[gattes12]

You all still buying over here?

[Clockonthewall]

Isn't January 3rd the deadline for either extension news / or delisting? I have loaded heavy incase of a run but will not hold long.

[KeepOn]

Bottoming out?

[tw0122]

Your welcome you are a trooper here but on the long run finite supply Bitcoin and low float cryptos will Trump over the never ending printing of the US dollar

[nssrr5]

Nice. I have added 4 times myself in the mid to upper .20s. These lows are an absolute gift.

Also nice read.

[tw0122]

Added .25s past few days when all else were in fear..


BTC - THIS WILL MAKE YOU A BELIEVER
December 20, 2021

The key principle difference between USD and BTC is that the former is a depreciating currency based on a principle of inflation (i.e. increasing money supply) while the latter is an appreciating currency based on a principle of finite supply. All the BTC magic is wrapped in the economic principle of finite supply versus dynamic demand. Or for the finance fellas... fixed vs float. So long as the floating demand parameter has a positive slope the asset will appreciate. That results in deflation (i.e. the persistent increase in purchasing power).

BTC is the antithesis of inflation, devaluation, and fiat. It is the first appreciating currency in the industrialized world. But who cares? What is the significance of deflation (appreciating currency) vs inflation (depreciating currency)?

Having a 10-year history now provides enough observable data to draw out some of the fundamental differences between depreciating and appreciating currencies and the profound social and economic impacts of those differences. So let's get started...

There are three main points I'm going to illustrate in this article. The first is the impact to consumers, second is to savers, and finally the impact on the structure of capital allocation.

Let's start by using Big Macs to illustrate the impact on consumers.



The above chart depicts the price of a Big Mac, over the past decade, in both USD (green line) and BTC (orange line). What we see is that in 2010 a Big Mac cost $3.73 or 37 BTC. Today a Big Mac costs $5.71 or .0001 BTC. Let's assume we didn't buy the Big Macs 10 years ago and instead put $3.73 and 37 BTC in a drawer. Now let's assume we just found those currencies in the drawer and decided to go ahead and get us a Big Mac today.

The $3.73 would not get us even one Big Mac while the 37 BTC would get us 323,993 Big Macs today. The former is called inflation and the latter, deflation. Economists proselytize inflation is good and deflation is bad, however, I've never once seen or heard a logical proof that inflation is good for the worker or consumer, despite the incessant narrative. The proof simply does not exist.

Now let's have a look at the absolute mind-blowing impact that an appreciating currency has on savers. We'll start by looking at the federal minimum wage over the last decade.



10 years ago minimum wage workers received $7.25/hr and today they receive $7.25/hr. Let's look at that in terms of purchasing power using Big Macs. So in 2010 an hour of work (i.e. $7.25) would have purchased 1.94 Big Macs. Today that same hour of work (i.e. $7.25 minimum wage) would purchase us 1.27 Big Macs. The lesser amount is because the USD is a depreciating asset based on the principle of inflation.

Let's take a parallel economy where minimum wage workers are paid in an appreciating asset (i.e. BTC) but pegged to the USD equivalent minimum wage. That would mean in 2010 the minimum wage would have been 72.5 BTC (equivalent to $7.25 in 2010). Today, the minimum wage would be .000145 BTC (equivalent to $7.25 today). It means the purchasing power of an hour of work is the same today whether they're paid in USD or BTC. That is, they could buy 1.94 Big Macs in 2010 and 1.27 Big Macs today regardless of which currency they are paid in. So the inclination is to suggest that the worker is no better off being paid in BTC than USD. But that inclination is dead wrong. Here's why.

Savings. Imagine that each worker in the parallel economies puts 10% of their income into a retirement savings account that earns 0% interest. Let's compare the USD paid worker vs the BTC paid worker for the past 5 years.



Over the past 5 years the worker paid in BTC saves a total of .887 BTC with a USD equivalent value of around $45,000, today. The worker paid in USD would have saved a total of $7,250, today. It means that the BTC wage worker has 600% more purchasing power (i.e. wealth) after just 5 years.

The mechanism of excess wealth creation in the BTC economy is that real interest rate becomes interest rate plus appreciation rather than interest rate minus inflation. This is as profound as it gets in finance. The implications literally reshape society by reconstructing the framework of the economy.

The profundity of that one change reaches all stakeholders. After just 5 years the BTC minimum wage worker has accumulated 600% more wealth than the USD minimum wage worker and that spread will continue to grow over time. Perhaps most explosive is that the wealth was generated without taking risk. It means that even minimum wage workers would be able to generate wealth over time. Poverty essentially disappears for anyone that is able to work in a world based on appreciating currencies.

Another major effect is that borrowing costs will also equal interest rate plus appreciation resulting in a higher borrowing costs leading to an economy driven by productivity rather than liquidity. Money is scarce when supply is finite and thus things like NFTs do not exist in an economy based on appreciating currency. NFTs are derived assets to which excess liquidity can be allocated to slow hyper inflation when money supply exceeds money demand.

In an economy with money scarcity demand always exceeds supply resulting in further appreciation. Capital allocation is prioritized toward productive investments rather than financial investments due to scarcity. This nurtures strong economic fundamentals, things like low debt to GDP, low debt to income, and low debt to net worth. Rome would still be an empire today if it had a BTC based economy.

Perhaps you spotted the pattern of low debt fundamentals and that should clue you in as to why there has been an incessant opposing narrative for the past 110 years with respect to inflation and deflation. The bankers lose in an economy based on an appreciating currency because borrowing becomes less relevant to the consumer and lending becomes limited due to scarcity.

I'll leave it here but understand there is infinitely more to this story. The implications are endless and the topic could very well be a university course. The main takeaway is that BTC, as an appreciating currency, isn't just a cool new way to transact, but when fully adopted will quite literally and fundamentally restructure society, completely.

I hope to see more people begin to think about BTC in terms of how it restructures real aspects of the economy and markets and put those thoughts to paper. When the benefits of appreciating currencies are understood by consumers and workers, the giant con of inflation will become apparent and change will become politically impossible to reject.

I am the MacroHeathen and I will be writing from time to time. You can find me at macroheathen.com.

https://macroheathen.com/macroheathen-blog/f/btc---this-will-make-you-a-believer

[nssrr5]

The good reasons are already out there. They are just not reflected in the PPS but they will be. Just a matter of time.

[just Scottie]

Couldn’t be but I’d rather have a sustainable good reason to run and stay up

[nssrr5]

It will run in due time for no reason whatsoever.

[just Scottie]

It won’t till this bid requirement thing is resolved. As long as there is any air of negative possibilities the shorts and day traders are gonna scalp this.

[nssrr5]

Can’t seem to hold any gain today.

[nssrr5]

Finally a little news.

[Dharna]

It's alive.
Have some news soon..I need new Christmas shoes.

[nssrr5]

That's your worry but not mine - I have just added another 20K shares. Will add more on Friday if its still this low. I view these prices as an absolute gift...

GLTY

[just Scottie]

She just sinks lower and lowe. RS- delisting- extension only one of three options

[nssrr5]

I am so not worried about that at all but you need to do what you need to do. It’s your hard earn money.

[just Scottie]

Even with the potential delisting?

[nssrr5]

Agreed - buying more again later this week. Good luck.

[Dharna]

Less than 4% short now. They did their job. Now it's time to hold and see what happens. I'm expecting some really good news soon. Not too many shares out there, lot more than there were, but at least the shorts are covered and out. Now it's time just to move forward. Still holding my breath for 2 years. The metaverse is going to be ridiculous. Nft

[just Scottie]

unless they get an extension they will get delisted or RS

[CarlCarlMcB]

We can stay down here l for along time . As long game plan is reported