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Like I said, the clueless use stops and get burnt, learn the MM tricks.
How did that craziness work out for you on intv? I stopped out around 76 cents and begged everybody else to pay attention. It was all on this board. Stops are for us poor people who understand they dont know everything. Those who think they do know everything almost always become poor. Those that think stops are useless are sitting like complete fools down 99.something percent. Stops have saved me 50 times more money than they cost me and over the last 40 some years have been my number one strategy. Next case.
stops are made for amateurs, they take them out first BEFORE the runs, leaving the inexperienced with Nothing. mark it.
Bitcoin needs to successfully test up around 60k area for new resistance in order to cement the returning bear market. That would be my stopout point.
This is how an uneducated BAFFOON masquerading as a CEO speaks. This is not how a serious business leader speaks that is running a company. I don’t care if it’s a hot dog cart or lemonade stand. Still interested about those “3 Companies” from last May. It’s been a year. Maybe they did a little due diligence and read some of Steve’s poetry in Twitter/X. Steve is running a Harlem subway platform wall toilet.
If bitcoin closes below 59.5k today it will be the fist time in perhaps a couple of years that bitcoin violated the 10ema. Up til now the bulls have always held that line. Surprising
Pretty confident bitcoin will bounce from around here or at least not bust through it right away. Put my money where my mouth is of course with a tight stop. If there are two tests of 60k area that would even be better.
Sarcasm AP, it'll take this company over 15 years to mine 1000 coins total. In it's current state it is probably now mining 8-9 coins per month after halving. Maybe 10 if the new machines are up and running.
Bitcoin is weakening however there is really important support right around 60k for bitcoin. If it touches anywhere close I will go long something or other for a quick swing trade with a very tight stop. On the other hand if it then instead breaks down through 59k this would be extremely serious and I will reverse the trade with a full load of biti which is recently showing a little bit of strengthening, not a lot but increasing enough to keep on the radar screen.
@60K to mine a single coin sounds like a bit much for this STUCK IN THE MUD co. even with new machines.
I'm guessing someone has some insider news for volume to be up like this. Maybe Stevie Boy is going to announce they mined 1000 coins over the past qrtr, and has put in an order for 50,000 new machines to catch up with the mid-tier players? 🤣
Truly being a fool I will will agree... I have checked on and off
What's up with the CEO? Recent company updates:
https://twitter.com/IntVentures
"Infested whore"
"Dirty fucking scam"
"These fucks @grayscale just keep on dumping"
"Volume is fkg joke"
"Dirty smelly pig"
"btc is total trading scam. Filth"
"Total trash"
"Coinbase is turning into @Grayscale bitch. Dumping is serious. 2 fkg whores"
"Gbtc are certified fucking scambags @Grayscale and this fuck is #1 prick in crypto @Sonnenshein what a fuck up"
It's difficult to call intv because of lack of volume. One big buyer could move the stock up one or two hundred percent within a short time or one big seller and we could see the 37 cents I am waiting for. Keep an eye on on-balance volume. When it gets this bad, IMO it is a dominant metric that may have to be discounted at some point.
Ran the numbers. Stating facts.
Take a look at 2 days inflow into miners. Take a look at the 2017 and 2021 charts of BTC and BTC miners. Check halving dates of BTC for those periods. Compare the market cap of miners for those periods. Pattern is clear.
Spoken like a guy who is wanting to sell
Check out on balance volume (OBV) for intv. It reminds me of a ww2 German Stuka dive bomber. That chart is good enough to be used in a text book as a terrific example of distribution. Hard to believe its still holding over a buck.
Does anyone even communicate with stevie boy the clown anymore? He couldn't handle my emails, so he blocked me from everything. And everything I brought up with him has 100% come true, but all he could do was rage. Maybe if we all had a set of goggles from his new venture, maybe then we would all have a clearer picture of what's going on. lol
Nice money flow into mining stocks today. Halving fear will abate.
Bitcoin is at resistance right here at about 66k and the next resistance is around 67,500 50dma on the daily chart. Too early to dismiss the idea that bitcoin is drawing a bear flag so I have to respect that for now. The next couple of days will tell a story about that IMO. This could be an important week for the weekly chart which is at support that is weakening. If it breaks down it could be a long ride.
This is the worst time to venture into another sector. BTC will be the hottest of all for next year and a half.
Revenue will likely be less than $5M unless Btc moons. The equipment from the last cycle is very inefficient and no one would ever pay 25 time ebita here. It will be based on net income. He doesn't get a freebe for depreciation, machine write downs, personal stock gifts etc... why hasn't this stock done any since BTC was 15000 a coin.. the CEO is dumb that's why.. he is looking to move on from BTC just like he did with EMS find.. he Faq'd it up imo... Gluck but this but its dead.... Unless he relinquishes control to some other reverse merger.. He has to give up control and he is a control freak with a cell phone. That's it...
I'd take it but not holding my breath.
INTV is fairly valued at $15 to $20 even with the reward cut in half.
Assumptions
OS 5100000
BTC 64000
BTC/month 11
Revenue 8.4 MM
EBITDA 3.3 MM
P/E Ratio 25
And BTC is only going to go up for next year and a few months.
Good times ahead for BTC, and maybe INTV.
Why did past halvings have at least short term positive effects?
BTC halving will not be good for any miners. The big miners are all adding equipment meaning the little turds like intv are screwed as they will earn less than half of what they did pre halving.. maybe just a third.. at least for the near term..
I don't think the company has much debt to sink it. One problem is we don't know how productive the machines are after the halving. On another note it will be interesting to watch mining difficulty going forward as unproductive machines are sold to boat anchor companies while new ones come online.
I don’t see how this company survives.. Very few miners and they are old. Big boys are looking to acquire legitimate companies that won’t survive the halving…. this dog crap is on NO ONE’s list.
Try googling bitcoin etf symbols
What are some other crypto mining stocks? Ihub use to have a section that had comparable stocks but with the new format I don't know if it still does that. I can't find it.
Bombs flying all over the mideast and ain't nobody running to bitcoin for safety. Gold is hitting new highs as always has been the case for 5000 years. I've said it a hundred times on this board....bitcoin is strictly a trading vehicle and nothing else. A. really good trading vehicle ... for now anyway. The trading vehicle is getting close to a major breakdown
Miner business isn't in consolidation, nobody will want to take over the least productive machines and there are recent massive new miners turning on the switch in other countries all of them with the latest equipment further squeezing the yield for everybody. Tough business if you depend on mining bitcoins. Miner stocks apparently are discounting this.
Isn't consolidation in business the norm now.
See post answering you on March 14th. I am assuming the company somehow survives another 18 months. I think this particular halving will have a profound affect on all of the miners but could actually benefit the bigger companies if enough small and medium sized miners get squeezed out.
Is that where you get your .37 target post split ?
The miners are so bad that I am looking for a capitulation event at some point. I will play this by putting in open orders to buy a couple market leaders about 40 percent below where I think the slaughter might start. Then sell the short covering bounce.
No surprise, Saw at least one well known btc miner hit a new low for the year today with several others including riot knocking on the low for the year door yelling let me in.
INTV trading at .0088 presplit price. Getting further away from one single penny. My target remains .003 on a presplit basis.
Most larger BTC miners have been picking up steam lately. They have not seen gains like the crypto space itself, not even close. That’s beginning to change. OTC stocks as a whole have gotten destroyed over the last 2 years. This won’t last forever. When flows begin to come in, like they eventually do… this garbage will rise. Then you sell.
Exactly what action in this stock over the last year leads you to think that? Is there any other bitcoin miner that actually declined in price throughout the entire bitcoin rally? Do you think the reasons for that action have changed? If 5x bitcoin from 15k is not enough to help this stock then why would 10x bitcoin make a difference? IMO the halving may cause some machines to become obsolete. I don't know if that affects this company but I would like to find out.
I’m talking about the standard BTC cycle. Most/all BTC related names do well. It’s happened before and is likely going to happen again even though this company has always sucked.
Not sure how,but I'm all ears to hear.
Miners should reap the benefits of fees on the network. Ordinals are increasing day by day and eventually will likely lead the market in trade. Miners will make high $ for fees to secure the network. INTV will do well even if the company isn’t run well.
Qty: 121 units
Models: M31S and M32S
Hashing Range: 66th-80th
Total Value: $349,329.00 (paid in full)
Average Cost Per Unit: $2,887.00
Projected Daily Revenues: $1,800.00
Delivery Timeline: estimated arrival by 02/20/21
******************************************************************************
600 Miners purchased 3-1-21
Model: Avalon 1246
Hashing Rate: 90TH
Qty: 600
Total Cost: $2,713,000 + shipping
Delivery Schedule: 300/March, 50/May, 250/August.
$INTV
Integrated Ventures Signs 3 Year Colocation Agreement With Compute North, LLC
https://www.integratedventuresinc.com/single-post/integrated-ventures-signs-3-year-colocation-agreement-with-compute-north-llc
Compute North TIER 0™ Data Centers info
https://www.computenorth.com/facilities/
https://www.youtube.com/watch?v=qwzCr1xwkog
Update as of 3-12-2021
MINER DELIVERY UPDATE 4-12-21
Below is detailed shipping schedule for all in-coming mining equipment for the rest of 2021:
300 Avalons/model 1166Pro/assorted 75TH-82TH - April delivery
150 WhatsMiners/model M31S/82TH - May delivery
200 Antminers/model S19JPro/100TH - August delivery
250 Avalons/model 1166Pro/75TH-82TH - August delivery
200 Antminers/model S19JPro/100TH - September delivery
200 Antminers/model S19JPro/100TH - October delivery
200 Antminers/model S19JPro/100TH - November delivery
200 Antminers/model S19JPro/100TH - December delivery.
As of 4-12-21
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