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Well, there's always cryonics. GLTA!
IMO, nothing to be too concerned about. A relatively weak quarter doesn't change the long range trajectory of COIN. Smart investors might even perceive today as a buying opportunity. Stay the course! GLTA!
Bitcoin All-Time High Breakout Could Target $86K, Price Charts Suggest
The world’s largest cryptocurrency’s price has now fully recovered from a near 50% correction earlier this year.
By Damanick Dantes
Oct 20, 2021 at 12:41 p.m. EDT
Updated Oct 20, 2021 at 5:58 p.m. EDT
Bitcoin’s (BTC) price made a fresh all-time high above $66,000 on Wednesday and could continue higher as bullish momentum improves, price-chart indicators suggest.
A successful breakout would require a daily close above $65,000, which would yield upside targets toward $74,000 and $86,000.
The price of the world’s largest cryptocurrency by market capitalization has fully recovered from a near 50% correction earlier this year, which stabilized around the $30,000 support level. Since then, buyers responded to oversold conditions and continued to accumulate long positions, anticipating the stock’s value will rise over time.
The next level of resistance is seen around $74,000, which could briefly stall the current rally. However, buyers will likely remain active above the $60,000-$65,000 support range given positive momentum signals on the weekly chart.
If support is held, BTC could see further upside toward $86,000, which is based on a measured move from the Oct. 1 breakout above the 200-day moving average.
The relative strength index (RSI) on the daily chart is the most overbought since February (current reading around 78), which preceded a brief price pullback. However, at that point, BTC continued to rally about 10% before hitting the April all-time high of $64,899, after which upside momentum slowed.
BTC will need to see continued buying pressure and a daily RSI reading above 50 to 60 to keep the current rally intact.
Beautiful run this week. GLTA!
Some good reasoning here today by posters. Eventually we’ll all know if it was just a pipe dream or reality. That is if we live long enough to witness it! GLTA,
Impressive report. Tomorrow should be a very nice day! GLTA!
No volume, no bottom! If Sellers ever does deliver, it better be worth the pain JADA holders are currently experiencing. However, judging by his apparent indifference to date, I doubt the man gives a sh_t. GLTA!
DJ Crypto Will Be The Currency of The Metaverse. Coinbase Could Benefit. -- Barrons.com
12:08 PM ET 11/1/21 | Dow Jones
Daren Fonda
Facebook's transition to a "metaverse" company should be broadly positive for tokens that are likely to be used as currencies in new online gaming and e-commerce worlds.
Multiple companies and cryptos could benefit from the metaverse -- a broad concept for a new generation of immersive virtual worlds where people will be able to work, play games, conduct e-commerce, and interact socially.
The concept got a big vote of confidence last week, when Facebook (ticker: FB), announced that it would transform into a metaverse company and rename the company as Meta Platforms (while keeping the Facebook name for its core social media platform).
Investors in Meta liked the idea. Shares are up more than 5% since the announcement last Thursday.
Crypto companies, online gaming, and digital assets broadly could also benefit from the metaverse taking a leap forward, with or without Meta.
One clear winner could be online gaming platforms and marketplaces that use non-fungible tokens, or NFTs, as in-game tokens and collectibles. Many of those companies viewed the announcement by Meta CEO Mark Zuckerberg as "validation of their efforts," wrote BTIG analyst Mark Palmer in a note on Monday.
People who had never heard of a "metaverse" have started discussing it, he notes. And momentum could now build for virtual economies built around "play-to-earn" gaming models and NFTs.
Palmer highlights Decentraland as an example of a metaverse world that may benefit. Decentraland is an online community where users can create avatars of themselves and interact. It bills itself as the "first-ever virtual world owned by its users."
Decentraland has its own token, called MANA, which has surged more than 225% since Meta's announcement last week. The MANA tokens may be also used to buy LAND tokens that represent virtual property on Decentraland. Virtual plots sold for more than $900,000 million on the platform in June, purchased by Republic Realm, a digital real estate fund.
Auction house Sotheby's has also staked out a home on Decentraland. The company opened a virtual gallery in Decentraland's "Voltaire Art District" in June, creating a space for auctioning NFTs.
Decentraland's tokens aren't the only ones riding the new metaverse interest. As Palmer notes, other gaming tokens have also jumped in price since last week, including The Sandbox's SAND, Wilder Worlds' WILD, and Alien Worlds' TLM token.
Many of these tokens are based on the Ethereum blockchain or its side chains. That could broadly benefit the Ethereum token, ETH.
One other long-term beneficiary could be Coinbase Global (COIN). The company is the largest U.S. trading platform for cryptos and the second-largest globally. Its 68 million user base is more than double that of Robinhood Markets (HOOD) and Charles Schwab (SCHW) combined, notes JMP Securities analyst Devin Ryan. Coinbase is adding more cryptos to its platform, developing institutional services, and building an NFT marketplace, too.
Coinbase should also benefit from wider crypto adoption with the recent launch of Bitcoin futures exchange-traded funds.
The stock has been on a roll; shares were up 40% in October, mimicking the 40% gain in Bitcoin during the month.
Wall Street may have to revise targets on the stock upward. The shares, at a recent $333, were trading only 12% below the average target of $377.
I last added at .07 when I hit the ASK in what now appears to have been a futile attempt at support. Fortunately, my averaging down with Coinbase(COIN) has paid off nicely. GLTA!
Looks like you may have been correct Midwestrader. Too bad for the serious LONGS here who seemed to be a good group with high hopes. Well, there's still a chance JADA will be resurrected. GLTA!
Nice intraday recovery resulting in another 2.5% pps increase. GLTA!
Have been buying and holding since the IPO. Successfully averaged down so well in the GREEN. GLTA!
Nice movement of late.
I guess there is finally some agreement since I, too, do not care what others claim to be doing here. I am only concerned with my holdings. And, since I believe Sellers' silence is impacting the share price, I think every JADA LONG needs to be guarded going forward, especially those small investors who are not blabbing about working with a NY law office or owning a large percentage of the float.
Enough said! Going to enjoy the last weekend of the summer here on Eastern LI; looks to be a nice one. Stay safe LONGS.
GLTA!
OMG, powering ahead on a volume of 16 shares. GLTA!
Don’t believe everything you read on stock message boards. GLTA!
I believe he could have at least announced his acquisition of the shell as a way of introduction and alluded to his future plans for it. The total silence is just non-productive and unacceptable. I will continue to hold, but am done purchasing. GLTA!
A few words from Sellers would go a long way in showing appreciation for those of us who continue to support the pps and might even garnish some investor attention if the message predicted good things to come. GLTA!
Also filed the Annual List there today. GLTA!
Cathie Wood Repeats $500,000 Bitcoin Price Target at SALT Conference 9/13/2021
https://www.cnbc.com/2021/09/13/cathie-wood-sees-big-gains-for-stocks-crypto-and-tesla-if-we-are-right-the-returns-are-enormous.html
OMG, easy there guy, don't be going South on us we need your positivity to get us through these trying days. GLTA!!!
*** YAWN *** GLTA!
Correct me if I am wrong, but wasn't everyone lost in the " Perfect Storm." GLTA!
FYI...coil springs can and will become compromised over time. Lets pray it's not the case with JADA. GLTA!
Volume, or lack there of, indicates JADA is invisible to potential investors. Without news of any sort, the situation is not likely to improve and the pps will continue to drift south even with LONGS, like myself, adding at Ask. GLTA!
Just added at the Ask. Lets go Sellers, throw us LONGS a few crumbs. GLTA!
Yes, just like those who bought into Hypertension Diagnostics (HDII) which is off over 90% from it's high. Wait a minute, I believe you were one of them. lol
Save your money and do not follow this guy's advice. GLTA!
No looking back. Let the chasing begin. GLTA!
Anybody here? LOL GLTA!
Tough day for JADA Longs. Picked up some more today, but badly in need of a significant infusion of new buyers. However, unlikely to occur until Sellers makes a move. GLTA!
I wonder how many of those who have been flipping got caught out these last few days. Hopefully, COIN will continue to climb and they'll need to chase. GLTA!
Agree totally with the first part of your post. I believe even a simple fluff PR stating that Sellers has applied for both a name & symbol change would move the pps a few cents.
As for painting the ticker, I'm adding here, at the Ask, to get my order completely filled because of a conviction that this issue will be worth significantly more in the not too distant future. Playing around with fractions of pennies is just not what I do. I know you understand exactly what I am saying. GLTA!
No, I had an All-or-none order so hit the Ask. GLTA!
Just got filled at 0.077. GLTA!
Thanks for your thoughts and Welcome since I see this is your first JADA & IHUB post. GLTA!
Question; Any thoughts why Sellers hasn't updated information on the NV Business portal. Joseph Arcaro is still listed as the principal character. I didn't expect much from Arcaro's sister, since she just inherited the shell, but I expected Sellers to be more conscientious about such details. GLTA!
Yes, I believe you may be correct. GLTA!
Very nice morning. Have not been here as long as many others, but still enjoying the run. Congratulations to all. GLTA!
COINBASE Initiate at Buy/PT: $420
Becoming More than an Exchange; Initiate at Buy/PT: $420 - Needham
8:22 AM ET 8/24/21 | Briefing.com
. Needham's John Todaro states, "We see COIN as a market-leading crypto asset exchange with significant future opportunities beyond exchange services, which include staking, custody, yield bearing products, and more. Our $420 price target is based on an EV/revenue multiple of 12.9x our 2022 estimate and implies 64%+ upside from current prices."
It appears all one can do is hold and add while waiting for Sellers to make his move. I have been through two " perfect storms " here on Eastern Long Island I just hope this anticipated one is not as destructive. GLTA!