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Has Bitcoin Dropped Dramatically? Do we have some scheduled dilution going on? Please inform me if you have knowledge. Thanks. LET'S Rock! $CBTC
Adding some here on dip. Stock-To-Flow Targets $98,000 Bitcoin By End Of November, Will It Actualize?
CONTRIBUTOR
Namcios Bitcoin Magazine
PUBLISHED
NOV 1, 2021 5:03PM EDT
Stock-To-Flow Targets $98,000 Bitcoin By End Of November, Will It Actualize? | NASDAQ
PlanB’s scarcity model predicts that bitcoin will surpass $98,000 in November and the $130,000 mark by the end of the year.
The Bitcoin stock-to-flow (S2F) model created by pseudonymous analyst PlanB, which analyzes the supply dynamics of Bitcoin and its scarcity enforced by the protocol’s halving of miner rewards every four years, is predicting a monthly close of around $98,000 for November.
According to PlanB, his model’s predictions have actualized — for the most part. The analyst shared that both August and September resonated closely with the actual monthly closing price of $47,000 and $43,000, respectively.
In October, PlanB’s S2F model predicted a monthly closing price of $63,000, but the actual number came a bit short, $61,000, a 3% rounding error. “Close enough for me,” PlanB said.
The model calculates a ratio between the existing supply of an asset and the amount of new units entering the market. Since Bitcoin’s mining schedule is fairly predictable, data can be leveraged to understand how scarce BTC is compared to other assets, like gold.
The S2F model’s price predictions are far from perfect, however, and both the predictions and the model itself have received their fair share of criticism lately. One analyst argues that the S2F is a chameleon model, meaning that it is allegedly “built upon dubious assumptions and...given more credence” than it deserves. Such assumptions lead to a belief that scarcity drives prices, but this is also a disputed claim.
Nonetheless, plenty of people in the Bitcoin community highlight how scarcity is indeed a driver for price. As the amount of BTC being created on a yearly basis keeps decreasing every four years and the demand rises due to growing awareness and adoption, it is assumed that the price “will go up forever.” Although that is likely the case, as demonstrated over the past 10 years, the accuracy of S2F will be assessed on every monthly close — something both skeptics and evangelists will keep an eye on.
https://www.nasdaq.com/articles/stock-to-flow-targets-%2498000-bitcoin-by-end-of-november-will-it-actualize-2021-11-01?amp
PlanB
@100trillionUSD
http://PlanBTC.com
1PRoNLcWHzM8DuKpGE4YM9hb1PjSEnWRpn #bitcoin - Not financial advice - For informational purposes only - Beware of scammers and impersonators
NOT FINANCIAL ADVICEPlanBTC.comJoined October 2017
196 Following
1.3M Followers
https://planbtc.com/
Q3 report due 11/15. Paul has dropped them at 11pm on due date in the past
Agreed...I'll be bid sitting today if it dips, but I bet it goes up!
We are overdue for news and updates .. Soon this week and next
Seen this thanks Surfkast. CEO still seems to be rejecting toxic notes. Some combination of debt and equity is healthy provided it benefits the growth of Xtra Bitcoin and its shareholders.
Ongoing dilution.
a second quarter 2021 net loss of $(81,336) resulting in a year-todate net loss for 2021 of $(139,327). XTRA’s second quarter 2021 total for net cash provided by
operating activities was $(3,064). Second quarter 2021 total of net cash provided by investing activities
of $23,187, and second quarter 2021 total net cash provided by financing activities of $(16,254).
g 1,948,318,345 shares of common stock
issued and outstanding as of December 31, 2018.
On September 30, 2019, Company is obligated to issue 10,000,000 shares of common stock to
Consultant David Chua under the terms of the Consulting Agreement.
As of December 31, 2019, 1,948,318,345 shares of common stock are issued and outstanding and
Company is obligated to issue an additional 110,156,560 shares of common stock for a total of
2,058,474,905 shares of common stock.
On January 20, 2020, Company issued 100,156,560 shares of restricted common stock to fulfill merger
obligation.
As of September 30, 2020, Company is still obligated to issue 10,000,000 shares of common stock to
Consultant David Chua under the terms of the Consulting Agreement.
As of June 30, 2021, 2,048,474,905 shares of common stock are issued and outstanding and Company is
obligated to issue an additional 10,000,000 shares of common stock for a total of 2,058,474,905 shares
of common stock.
https://www.otcmarkets.com/otcapi/company/financial-report/293861/content
Any filings indicating toxic convertible debt? That has matured?
I’ll b back for sure!! After the manipulation ended!!
Here comes the shorting nonsense when the real issue is selling/dumping.
https://www.finra.org/rules-guidance/notices/information-notice-051019
https://www.google.com/amp/s/blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/amp/
Person is a short that is all.
Is there a reason for the sell posts? Something shareholders should know about?
I agree MM's playing games, this will fly soon!
This will not going anywhere!! Sell sell sell
$CBTC Bitcoin trending up
Feels like something is brewing in the background. IMO Let's Rock! $CBTC
$CBTC Added more Bitcoin goes up and this trickles back makes no sense.. oh well more cheapies
bitcoin almost 64k lets buy buy buy
First post in awhile. Still believe this CEO treats shareholders fairly(a fair shake). Many OTC's failed to get pink current on the crackdown and sent to the gray market. Not here.
I like the truthful and transparent reporting even with setbacks. We are definitely in a a growth sector. Some good news is welcome specifically machines on and mining.
That would Kick Ass! Let's Rock! $CBTC
yup,,aabb runnin big today
On our way to $.50!!!!!!!!!!!!!!!!!!
Nothing verifiable.
What progress has company made ?
Lights out sounds like none
Bitcoin will rally again and these prices are super cheap. Loading and Holding!
Smart peeps are grabbing these cheapies!
We Got Some Action Today! Come On Let's Rock!
I see a lot of action, looking forward to the next wave up!
Turn out the lights..................
Good Morning, We gonna see some movement today? Who's ready for some?
Sweet, I'm jealous! Best of Luck to you!
Moving up nicely but on light volume. Added 200,000 shares.
Nice, Hopefully it does well for all involved! $CBTC
It looks like we will pop back up this week! Bitcoin is moving again!!
been up since .0028 2 million shares
Bitcoin is at 62,800.and is up from Friday.
bitcoin near 93k expecting this stock up today . sold off from .018 should gain back some today
How Bout we get past 2 cents and see if that can start the train rolling!
Wow!!! I’ll raise you 1 gazillion and say $2,000,000,000,000,000,000,000 by close tomorrow.
I see $1,000,000,000,000,000 by the end of next week.
Moving with bitcoin price again ?
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https://www.otcmarkets.com/stock/TCEL/security
Warning! This company may not be making material information publicly available
Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
Per the website, this is all in the planning stage! They claim to need $10 million!
https://secureservercdn.net/50.62.174.113/p3y.c81.myftpupload.com/wp-content/uploads/2019/07/XTRA_Presentation_0711_site-1.pdf
Progress Report
FRUITLAND, ID / ACCESSWIRE / August 22, 2019 / XTRA Bitcoin Inc. (OTC PINK:TCEL) XTRA’s management is assembling the documentation requested by FINRA in response to our corporate action notification regarding merger and name change. Complying with the FINRA requests is the required first step towards bringing our filings current. After FINRA, bringing filings current on OTC to remove the STOP sign is a prerequisite condition to obtaining funding. Management is confident that the FINRA requested documentation and audited financials can be provided in the next 30 to 60 days and has therefore opened financing discussions with several investors and leased additional electrical capacity to bring our project from 2.5MW to 10MW.
https://www.otcmarkets.com/stock/TCEL/news/story?e&id=1421717
FRUITLAND, ID / ACCESSWIRE / August 6, 2019 / Progress report update for $TCEL and $XTRA (OTC PINK:TCEL).
Situation: OTC Markets will not accept filings to bring current (remove STOP sign) until Name Change Notification has been processed by FINRA.
Status: Today, XTRA Bitcoin Inc submitted the Issuer Company Related Action Notification to FINRA with documentation of all actions taken to date by Therapy Cells, Inc (TCEL), including the new Directors and Officers, Plan of Merger with XTRA Bitcoin Inc and Articles of Correction that canceled R/S, Articles of Amendment re Name Change from Therapy Cells, Inc. to XTRA Bitcoin Inc, Updated principal address, Change of Registered Agent, etc, along with a Trading Symbol change request. When reviewed and distributed by FINRA, XTRA Bitcoin Inc is ready to bring filings current to remove STOP sign.
https://www.otcmarkets.com/stock/TCEL/news/story?e&id=1410966
Name Change, Merger Complete, Cancel Reverse Split, Officer Change, Twitter
CHEYENNE, WY / ACCESSWIRE / July 15, 2019 / Great news shareholders of $TCEL and $XTRA.
MERGER COMPLETE!
THERAPY CELLS, INC. (OTC PINK: TCEL) has successfully merged with XTRA Bitcoin Inc. Therapy Cells Inc is the surviving entity and has changed its name to XTRA Bitcoin Inc
REGISTERED in WYOMING as XTRA Bitcoin Inc.
https://www.otcmarkets.com/stock/TCEL/news/story?e&id=1394921
David Chua Newest Member of $TCEL
https://www.nst.com.my/node/259501/amp
https://www.theedgemarkets.com/article/changes-are-afoot-ipmuda
https://www.pressreader.com/malaysia/the-star-malaysia-starbiz/20130405/281496453748799
XTRA’s 2.5MW mining facility is adjacent to a utility substation with 7.5MW available for expansion.
https://secureservercdn.net/50.62.174.113/p3y.c81.myftpupload.com/wp-content/uploads/2019/07/XTRA_Presentation_0711_site-1.pdf
As for costs,,,,,,,,,,,,,,,,,,
Between 60 and 80 percent of bitcoin mining revenue goes straight back into paying for electricity.
https://www.vox.com/2019/6/18/18642645/bitcoin-energy-price-renewable-china
It will take years.
Idaho is a perfect choice for a Cryptocurrency Host Provider for a range of reasons. First, you will find that according to Forbes and the New York Times, it makes a great location because there is such a low risk of natural disasters.
And the average cost for one coin is $3,289
Copyright © 2019 Cryptalker
https://cryptalker.com/bitcoin-states/#Idaho
PLUS
Check out what the company has to say.
https://www.otcmarkets.com/stock/TCEL/news
https://xtrabitcoin.com/
Investor presentation
XTRA’s 2.5MW mining facility is adjacent to a utility substation with 7.5MW available for expansion. They claim to have only 2.5 MW based on their information.
XTRA will manage the installation of the electrical high voltage
infrastructure, transformers, distribution systems, sourcing and acquisition of miners, cooling equipment, filters, racks, internet, and security, and their installations. Obviously the site is not up yet.
Total Investment - Mine Development $10,000,000 for 10 MW. More proof that they are not up and running.
https://secureservercdn.net/50.62.174.113/p3y.c81.myftpupload.com/wp-content/uploads/2019/07/XTRA_Presentation_0711_site-1.pdf
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