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getting ready for another trade
BTC price is now about $20k below mining costs
Well, you would be scrapping against RIOT, which continues to increase their holdings and you would add more fuel to the "short squeeze" fire.
IMHO
I still don't understand exactly why Riot wants to buy Bitfams in the first place.
...unless it is to make money on the Bitfarm stock itself. And if they dump their shares then the BITF share price is going to suffer. If you should see the volume of BITF PUT options increase suddenly, then watch out below. In fact, maybe I should buy some PUTS. Since the situation seems to be stalled at 15% ownership then the next logical step might be for Riot to dump their Bitfarm shares.
Furthermore, It is not like Riot needs anything that Bitfarms owns. RIOT has a mining site under construction called Corsicana which, when completed, will have One Giga Watt of power and will be the largest mining site in the world. It seems to me that this is where they should be spending their time and money.
All just my opinion...
> then that is when the "hostile takeover" will start.
Once Bitfarms turned them down and RIOT continued their stock purchases, that was, imo, the beginning of the hostile takeover attempt.
While we may have differing definitions of when it may or may not have started, but think we both see it going in a similar direction.
RIOT is requesting two seats on the Bitfarms Board Or Directors.
And I think that is very reasonable.
And if they don't get that accommodation then that is when the "hostile takeover" will start.
Hostile takeover.
No mention here of RIOT's attempt to takeover over BitFarms in what now looks like a hostile takeover?
yep anytime it hits 8-9 area it bounces off been doing that for awhile now per chart
Any, all purchases under $10 continue to reward. The recent sub 9’s were extra tasty.
Something fishy RIOT ??
hit 10.35 dollars, check the one year chart most of the time bounces of the 8 and 9 area, those cheapies were nice yesterday
yep getting cheap again if you pull a one year chart has nice pops from this area
I add at these prices looking to end of year profits as bitcoin goes higher.
Long term holder looking to sell covered calls when the price is right now it’s time to add on these dips
We have to take the shorts to the cleaners not the other way around. I add on dips like today.
Stick it to that Kerrisdale that took a large short position .
What a Riot wants the Whole Farm. Knot Not
Slightly updated trajectories in my opinion reveal that essentially we end up in the same spot over the intermediate term, but the short term varies, the longer term is obvious we are heading down and won't pierce above 73k, if we do 77-80k temporarily only IMO!
https://www.tradingview.com/chart/BTCUSD/Fhlq2oS6-A-Crypto-Dance-of-Trajectories-with-the-Same-Outcome/
#btc #bitcoin #crypto #blockchain
Disclaimer: These posts like all others in the past and future are for info and educational purposes, they are a toolset to compare against yours and the other analyses you have considered, in order to form your own due dilligence based determination. Investment advice is a paid service, so even without this disclaimer it should be assumed (we are all grown men and women I suppose)
Hopefully tonight
Pump it up. I'll take it!
Hopefully the pump can continue, though the purpose has been lost
When will bitcoin be centralized any by whom?
CBDC's on the other hand...well this is obvious!
Bought in da gap on the 10th just b4 the close. C'mon crypto's!
Posted last night, boom mic drop
get ready! wedge broke early which is good vix going to 13 soon, by EOD https://www.tradingview.com/x/zr2pS0Ep/
Loading in the under $10-$9+ area continues to reward.
Keep an eye on the VIX heading to $13 per my call yesterday and on the 1PM EST close! #btc.x #btcusd #riot keep a look on when the #vix hits $13, RIOT Games should be above $10 by then.
Info and Educational Purposes Only! Never a trade or buy/sell/hold recommendation! Hell I am not charging fees why would it be!
https://www.tradingview.com/x/uqljjChH/
RIOT Imminent Breakout! $11 Then $13 Target in 2 Weeks
YouTube Description:
In this short video, I discuss the imminent breakout for RIOT Games (ticker: RIOT). Our target is $11 followed by $13 within the next two weeks. Stay tuned for the key technical analysis and trading insights!
#RIOT #BreakoutTrade #TechnicalAnalysis #TA #StockMarket
Disclaimer: For informational purposes only. Not financial advice. Trade at your own risk.
The price won’t skyrocket, because Bitcoin isn’t worth anything once is it’s not decentralized. Decemtralized currency was the entire point of Bitcoin in the first place lol. I think it’s gonna be pretty funny when that fact finally comes home to roost
So true ! In the end though will it be far too expensive to mine any Bitcoin ? Only the float will be available, hence the price should sky rocket. Minimal supply and those holding will need to sell carefully in small amounts or crash the price. But then they do that anyway to manipulate the other markets don't they. Little guy always gets the dirty end of the stick.
Miners MUST upgrade or die, since the halving. Actually funny that it was predicted many years ago, that decentralization wouldn’t last, and in the end a few behemoths will be the only ones able to mine profitably, and therefore, the Bitcoin network would be owned by them instead
Get ready for a bullish rally with RIOT Blockchain ($RIOT) and Bitcoin ($BTC) on May 7th, 2024! Bitcoin is expected to surge to $73-$75k in the short run, followed by a potential correction towards $35-$45k. Meanwhile, RIOT's target is set at $14 within 1 to 2 weeks. Don't miss out on this opportunity! #RIOT #Bitcoin #BullRun #Cryptocurrency #TechnicalAnalysis #TA #TradingStrategy #BTC #RIOTBlockchain #Bullish #StockAnalysis #MarketInsights
Disclaimer:
For informational purposes only. Not financial advice. Trade at your own
risk.
The numbers tell it all. Riot went backwards it seems in the last year betting the farm on future mining efficiency. Having to replace not so good miners doesn't help but SP can recover over the year if there projection come true. All depends on BTC price too.
Riot Announces April 2024 Production and Operations Updates
https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/93782351/riot-announces-april-2024-production-and-operation
MARA up 15% right now......so wish I'd have cashed out Riot and moved it over.....BUT, at least grabbed $1500 worth last week during the lull!
Will Mara be run up first ? Profits from that get pumped into Riot down the road ? Two for one trade that way but Riot has to get the thumb out.
ALWAYS sucks when we have weekend runups and realize none of that BTC gain bc BTC starts to drop immediately after 8 on Monday mornings. So, RIOT at a certain amount on Friday afternoon, with btc at 60, then Monday mornin with BTC up 3-4K, but starting to go down, we get nothing or RED.
I sure hope so. I'm not holding this time. Made it to almost 100% and back to even. This one, as compared to Mara and Bito is used for hedge spending money, so doesn't matter how well they do or BTC.
Sure looks like it is churned to keep the price down. This might be insiders and promoters loading up on options so the price needs to be stable for a while. Once loaded up, the gate opens. Then the wait for BTC to rock and roll.
BTC new hod... RIOT should creep back uP here…
BS, this is being held......but never held from dropping!
boing bouncing along with market and btc
case of wardrobe malfunction
Riot Platforms Reports First Quarter 2024 Financial Results, Current Operational and Financial Highlights
https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/93759704/riot-platforms-reports-first-quarter-2024-financia
another trading opp coming.
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