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From the company update, they will have over 450PH by end of June. Another 1000 s19s (110PH) online by end of year.
3000 additional s19 miners next year for another 330 PH
In total, this bringing to around 900PH
I assume not all of these will be mining BSV, as this would easily put TAAL over 50% ( closer to 70% ). As I understand it, that’s not a good thing.
News out
https://www.sedar.com/CheckCode.do
More mining power.
Final short term prospectus for new 100 million offer filed
https://www.sedar.com/CheckCode.do
Wont know the numbers / share price offer etc until the supplement is filed
Brutal Crypto drop, led by BTC. Its hard to see how Bitcoin can be called a store of value / wealth or Digital Gold when its value is so volitile.
Without utility, you have nothing. BSV is the only one with real Utility.
31k BSV traded today in TOTAL drop of over 41%.
The shorter added yet another 8K to his position trading into the drop.
Quarter of the entire days trading is this one single manipulator.
The price will reverse for the whole market, and prices will rise rapidly. This guy will be 115k short.
Brutal Crypto drop, led by BTC. Its hard to see how Bitcoin can be called a store of value / wealth or Digital Gold when its value is so volatile.
Without utility, you have nothing. BSV is the only one with real Utility.
Still had no update on what the $100 million NEW offering is about.
I am thinking it could be a placeholder, getting the filing in place should they want to do another at some point in the future. If we get no update in the next couple of weeks, I suggest its not important.
I just bought below $4 Waiting for good news
BSV now short 105,000 Coins. It just gets bigger and bigger
I have noticed the short increases every time there is weakness in the price, it forces the price lower than the overall market. It recovers ( in part ) during the up cycle.
It is pure manipulation. Artificially suppressing the price of BSV.
Taal partnering with Centi on smart contracts
https://centi.ch/centi-taal-stas/
TAAL’s STAS tokens stands for Substantiated Tokens from Actualized Satoshis, which is also a tribute to Bitcoin’s forefather – Satoshi Nakamoto. It is a method by which any user can freely convert generic unsubstantiated Bitcoin, or sats, and turn them into a “minted” token with a legal issuance contract. It is a smart contract which uses Bitcoin native script.
Ira v Craig Status report, but no Doc
We know delayed to Nov ( will not reach trial )
Only saying the SP caught up with the rise in BSV. Nothing more
The day before BSV was up nearly 25-30% and TAAL was down ( no reason, just was )
New Short Term Perspectus has been filed.
https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00036887&issuerType=03&projectNo=03218591&docId=4956433
Not sure if this covers the secondary share offer ( the .5 per share at $6 ), or if its something completely new.
Up to $100 million
Should hear next week I guess.
Huge uptick in BSV transactions.
No idea why today, but it’s nice to see.
https://bitinfocharts.com/comparison/bitcoin%20sv-transactions.html
Short fighting hard to prevent $450, it will fail. Assuming politics dosnt kill the rally like last time, we could be $600+ tomorrow.... BCH ( hate to say it ) the outstanding star.
If we kill the short. I’m happy
BTC should get to $68k+ may struggle around $70k
DOGE .. who knows. Tulips. ??
The mentality of shorting one crypto coin while championing another makes little sense to me. I understand the BSV shorter hates the coin, I think he is wrong, but except he thinks it will hit zero in the end. To be fair I feel the same with DOGE. It has no real value or purpose, I know it will end at zero, but I can’t discount it may get there via $100.. it’s a mad mad world.
When crypto goes up, it pretty much all goes up. If the shorter believes in BTC and BTC hits $250k in short order. Does he really think BSV will drop in that scenario.
He is now massively under water, and must be close to liquidation. I have a feeling the shorter may actually be the exchange... we will see
BSV at $400. Was around 380 yesterday when TAAL went up nearly 30%.... not tagging along today....
$450 things should get interesting
Coming back down again not enough volume/interest.
But the good news is that TAALF moved up +23.5% on 65,000 shares traded( $3.90 to $4.58), shows me definitively that this can move exponentially when some major news hits, and/or smart $$$ wakes up to TAALF.
And some updated TAALF facts:
https://www.taal.com/wp-content/uploads/2021/05/TAAL-Fact-Sheet.pdf
I fully agree, this could easily hit $40, i feel it should already be trading around that today.
Good luck if you buy back in...
I sold my shares, a few days ago. Still the interest from investors is very low. Thinking heavily about buying in big this time, waiting on a few more indicators. With on a tiny 35,800,000 shares Outs. and small 158mm MC, if/when larger investors decide this is a hidden GEM and volume surpasses 1mm-5mm a day it could easily run to $30-$40-$50.00 within a few weeks.
---They have approx: 75,000 BCHSV in their treasury worth= $27,000,000
They mine 30 blocks/per day, and each pays 6.25 BCHSV, SO 187.5 mined/day
or 5625 BCHSV mined a month = $$ value per month of $2,000,000 worth of BCHSV.
WOW!
- This is also a bit contingent on the short capitulating as well.
In reality, I don’t think that is how it will play out.
I suspect the exchange will freeze BSV accounts under its control and simply take the coins it needs to settle and replace with a worthless IOU
They did exactly that in the past, these exchanges are unregulated bucket shops. I would not trust them.
Never keep coins in an exchange account. Keep them secure in a wallet where they can’t be taken.
Read this,
https://medium.com/faast/the-bitfinex-tether-scandal-shows-why-you-need-to-keep-your-funds-in-your-own-wallet-f19c7b66faab
If the short is liquidated, the exchange will be forced to buy nearly 98,000 BSV almost immediately.
Volume for BSV is normally around 10k-20k per day with a 55/45 split between buys / sells so around 1 maybe 2 thousand net buys in a day ( in a bull market ) which is enough to boost the price 10% - 15%
Think what 98k buying pressure would do in 1-2 days.
" The jump to $2-4k+ will be very quick if he is fully liquidated."
- What do you mean by this, jump to $2-$4K?
General consensus from the various Chart TA guys is that BSV should run to around $750 - $800 in this bull cycle ( along with everything else ). If they are correct, I cant see the short surviving that kind of loss. The jump to $2-4k+ will be very quick if he is fully liquidated.
Very low float, CASH RICH, low to no debt?. Now we need some Institutional investors to realize how severely undervalued TAALF is and volume will become daily 500k to a few million, then price starts orbiting the moon. Looks like just a question of when this HIDDEN GEM gets discovered.
Earnings out
And this is what we needed to know..
As of March 31, 2021, TAAL had approximately 74,000 BitcoinSV ("BSV") in treasury
- Based on current network conditions, TAAL anticipates winning at least 30 blocks per
day attributable to TAAL
Equates to about $23,000,000 in BSV plus the €15 million from the offering
Add in cash already in hand, Calvin’s extra shares , Craig’s loan of 7 million
Mining $56,000 a day on average. Which will increase ( currently 5 million each quarter )
WoW
Nice article, but wish he wrote more on the distinction between blockchain and crypto currency. He is correct that many don’t distinguish between the two, but didn’t really nail it down.
To me the comparison of the blockchain to the Internet is a good one, but what do we compare Crypto Currency to ?
Amazon ? PayPal ? Internet Banking ? Online Trading ?
Also the concept of owning your own data and cutting out the intermediaries is key. I have seen the medical records comparison made before. In fact its one of the most exciting projects on BSV today ( in development ) but what others. Things like the future of banking would be a key example, another how companies audit / submit returns another easy example. In fact if companies used the blockchain properly, there would be no need to submit anything.
Calvin has purchased more shares of TAAL
https://www.sedar.com/GetFile.do?lang=EN&docClass=4&issuerNo=00036887&issuerType=03&projectNo=03210973&docId=4943742
This is a long term play, probably 1-2 years.
Quick comparison Riot v Taal
First no comparison on the business model, Taal is the outright winner here. They understand as transaction processors, we need to work with the businesses, its about transactions, not blocks. Most miners will have no future once the block rewards disappear. ( Riot probably one of them )
What Riot does have is processing power, with more coming online towards the end of year. Currently around 2500PH rising to 4000PH.
TAAL is about a 10% of that. With 270PH rising to 400 PH later in the year
Riot is valued at 3.6 billion.
Taal just 110 million
An easy triple for TAAL based on nothing more than pure computing power, never mind looking at the superior business model.
I think where BSV leads, TAAL will follow. There are a few things to look for
1) Transactions on the MainNet... currently there are lots of really interesting projects, but nearly all on the STN. Some I believe will go live this year, once you see transactions trend strongly upwards, long term price will swiftly follow.
2) the Craig vs Ira case... once out of the way, it should be a huge boost for BSV. I still feel this will never goto trial, but even if it does, it will be a positive ( assuming Craig wins )
3) knocking out the short. He has manipulated BSV since the fork. Currently 98k BSV shorted mostly by a single person / entity. An old fashioned short Squeeze would spike BSV to $3k - $4k easily ( possibly more ) . More importantly it will remove the manipulation for good.
4) Exchanges re-listing BSV. I have mixed views on this as I see many as glorified bucket shops. However BSV needs to be widely traded.
Thank you. I just wonder when the rest of us figures out the potential in BSV and TAALF
Ultimately TAAL is a play on BSV, it is one of the 3 main miners and processes over a 3rd of all the blocks on the chain. They are increasing their mining power which should bring them closer to 50% ( it’s best if they stay under ). Today 270PH increasing to 400PH
TAAL is Cash Rich with 15 mil from the latest placement and probably that again with all the BSV they own ( referred to as the BSV Vault). Plus the loan from Craig in BSV which was also given as BSV.
Market cap is around 130 mil which considering the Cash, is ridiculously low. If valued similar to other miners it should be around $30 - $40
On the Negative, as they sold off the old mining rigs ( and acquired new ) they did very little in terms of earnings, although the next reported quarter should show significant improvement and getting better in future earnings. More than anything this is probably why it is not trading higher.
One more little point. If you believe in BSV, you probably also follow the Craig Wright Saga and is he the fabled Satoshi. Craig sits on the board of TAAL as an advisor. Calvin Ayre is the main backer ( A billionaire ). He did not build TAAL to be a tiny company.
Hi fromtheuk, I am long TAALF. Can you provide a brief summary as to why one should be bullish ? I think I understand but the whole crypto thing is new to this old fart.
Thanks
Mike
Short of BSV now upto 98k. The price appreciation is very steady, it broke support just once as the short added another 400 to his position, then the chart immediately recovered.
Overall the appreciation looks very coordinated.
I now feel he just needs to be taken out, we will have to deal with the chaos after. It’s obvious he has no intention of stopping. It also seem obvious the Exchange seems either oblivious or possibly involved.
Looking for $450 - $500
Excellent article on TAAL
https://coingeek.com/chris-naprawa-taal-is-aiming-to-be-the-aws-of-blockchain/
Update on Craig v Ira
https://coingeek.com/kleiman-v-wright-parties-want-trial-delayed-to-november-2021/
BSV pushing up on low volume ( for now ). The short interest is now up to 94k. He represents just about the only seller. Without him we would be at $330 - $350. His manipulation has gone on too long.
As BSV is rising, the short continues to increase his position. Now at 93,000 although 1-2 k is probably just normal traders.
We need BSV to rise to around $500, I would be surprised if he could survive that. To be honest I’m surprised he survived $400. At the very least the exchange should have frozen him from adding more.
Expect volume to return very soon.
Taal made top story on CoinGeek with the fireside chat. Not listened yet, but I will.
https://coingeek.com/why-bsv-taal-team-discusses-emerging-transactional-economy-in-fireside-chat/
ION Short not dead. Disappointing, it’s going to need more than $500 to kill him off.
https://mail.google.com/mail/u/0/#inbox/FMfcgxwLtZsJvXbNKKqcgBhWWtZgFPDq
TAAL sent this earlier today to my email( I signed up on their investor site to get company mail and updates)
The drop back to BSV 300 is on low volume, the short has not been involved. Hardly any short activity at all ( which in its-self is unusual).
Could easily run back up to $450 on very light volume, or continue to drop if there if no interest.
I think Monday will tell us if he was liquidated, and now the exchange has taken control of the position. ( 50 / 50 ). If so, they will be doing what they can to remove it without destroying themselves in the process.
BitfinEx terms and conditions This is important, BitFinEx will take over the position at its own risk as opposed to simply liquidate. This is a practical solution as uncontrolled liquidation would jump the price. The down side is that the Exchange is also at risk.
This is why I feel the exchange its-self could be at risk. Bitfinex has failed before where it took a third of the coins from all accounts after it got hacked. It would do the same here. Your coins are at risk because the exchange has allowed an individual to accumulate a dangerous short position.
Liquidations and Losses: If the value of your Digital Tokens drops below a certain level or your positions pose a serious threat to the proper functioning of the Digital Tokens market, this may result in certain actions taken by Bitfinex that are adverse to you. First, Bitfinex at all times reserves the right to force-liquidate the Digital Tokens in your Digital Tokens Wallet. Where this occurs, your Digital Tokens will be seized by Bitfinex and used to repay any outstanding amounts due to your Financing Providers. Second, where (i) you have negative equity, (ii) Bitfinex determines in its sole discretion that, upon liquidation, you would likely have negative equity—that is, you fall below a certain maintenance requirement— in one or more of your positions, or a combination of two or more of your positions, or (iii) Bitfinex determines in its sole discretion that one or more of your positions, or a combination of two or more of your positions pose a serious threat to the proper functioning of the Digital Tokens market including to the price of Digital Tokens, Bitfinex reserves the right to seize, take over, and assume all of your liabilities and collateral and to dispose of one or more of your positions, or to retain one or more of them, at a profit or loss, at Bitfinex’s risk and expense. In addition, in this second scenario, if the sum of all your margin positions exceeds a certain value as set out in the Fee Schedule, you may be charged an additional fee, as set out in the Fee Schedule. Further to your responsibility for all trading and financing activity and inactivity on the Site, any action may be taken by Bitfinex pursuant to this paragraph at any time with or without notice to you, in Bitfinex’s sole discretion.
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