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I read somewhere they have a board of director and he and the ceo deserve a raise.
Try to name a 5 cent stock that is not a pos. Once you give up on that, try to name a 5 cent stock that keeps up with its industry peers. My goodness INTV seems to have done that. Are you trying to make money in the stock market or just having a little fun chopping up a 5 cent stock into little pieces? If you think about INTV allegedly having all those alleged negative issues while the stock stubbornly refuses to listen to reason and performs right along with the industry anyway, this may tell you that you are probably missing something. Dig yourselves.
Lots of dilution for sure but.... look at where the company fundamentals are now compared to where they were 24 months ago. Lots of growth in number of machines, revenue etc etc. I think folks can argue back and forth and apparently say anything they want however at the end of the day the only thing that actually matters is what the stock does and the stock action is not suggesting scam in any way I can see. Not unless all the other miners are scams too. I still don't own this stock but I'm watching bitcoin for signs that the the bear market is over.
Yet in spite of all of that the stock marches on just like the other miners.
Mara went from 80 to 5 during that same time period. Other miners similar. It's got to do with bitcoin bear mkt more than anything else.
First Bitcoin support around 19.4k area but moving target. 14k still possible but less likely than it was IMO as a few long term oscillators are running out of downside steam. Still a bear market until proven otherwise. Ho Hum.
INTV stock has been amazing. It doubled what bitcoin and all the other miners have done on the upside. I hope ALL you guys have made a fortune.
It's crypto, anything can happen but for now It's just a bear mkt rally until proven otherwise. I might start looking around 14k and plan on averaging down.
Btc close to my target IMO around 23.5k.
When enough people think the Fed is about to start pumping again bitcoin will rise and if this company survives that long so will it IMO. The difference is I will sell early. I haven't bot yet..
They already realize..... bitcoin is a scam and they all have been buying gold.
IMO INTV and the other bitcoin stocks are not about electricity, they're all about bitcoin bear market. When bitcoin changes direction bitcoin stocks will be all about bitcoin bull market and again not electricity or other distractions. Bitcoin is strictly a teriffic money making machine in both directions. It's so easy you don't have to hit tops or bottoms. The trend is your friend until the end.
Any mention of even the tinyest insider buying at INTV(who is Jane)? No, not yet , 3 cents still too high huh? Speaks volumes. Follow the money not the bs.
The overwhelming feature of the bitcoin chart is a series of lower highs and lower lows. Bear market rallies can occur at any time and not only is this a bear market it is a papa-bear market.
Next Fibo bitcoin support zone is around 14k with more substantial support around 8k. Let's see if it can hold this time.
Trading at 3 cents per share down 96% from the high discounts a lot of problems like profitability. Miners getting closer to my buy point every day. Trouble is next major move in bitcoin is likely to be down with the ever present caveat that it's crypto so anything can happen. I love it.
Today is July 1st. so the second qtr is over. If they keep selling the btc stocks that would be a very bad sign.
It takes two sides to make a market. Although I think this stock can survive for a while longer if bitcoin doesn't sink too low the bears have some really good points sometimes.
Luckily, you should still get your wish.
The pressure on these stocks should subside as the month ends. At least much of the pressure. The next problem for them is the ticking clock on bitcoin.
Who would have thought all these bitcoin mining stocks would round trip? The best thing about bitcoin is that it can go up or down 90 percent. Being made out of air and backed by nothing allows this wonderful action. Crypto that is backed by something is then tied to the reality of that backing instrument. Bitcoin has no reality. It's only consensus and salesmanship and that is all it has needed.
Interesting question for the board, what bitcoin price do you think the bitcoin miner stocks are in the process of discounting? Maybe 8K?
The Fed reversing and lowering interest rates has more to do with the direction of bitcoin than INTV. You know mara is down from 83 dollars to 6. How is that any different from INTV? I figured out that if bitcoin ever sees 40k again hut is holding more than $1.50 bitcoin per share and right now hut is only $1.47. Now that is a way worse situation than INTV don't you think? The Fed cannot raise interest rates too much because of the size of the debt. For example if rates go to 10 percent the interest alone would be 3 trillion a year.. IMO it won't be long before they start lowering. It seems to me that guys who are bitter over this might have chance at some point to kind of get even.
Not rocket science Steve. For the folks who think this company can survive a while longer fundamentals are not relevant if the objective is to make money. They would buy this stock to try to make money when bitcoin turns around because at 4 cents it has tremendous potential price leverage which means it could possibly double before any other btc stock. Of course there are no sure things in the stock market. Your job is to figure out four days in advance of the day the Fed will reverse course.
Debating whether INTV is a pos or not is a complete waste of time, With INTV at 4 cents and AAPL at 140 dollars it's a lot easier for INTV to double from 4 cents to 8 cents than it is for AAPL to go from 140 to 280. It's not even a contest. So if you put 10k dollars into each one today, where would you be expotentially more likely to get the best bang for your buck? ? The reason you are not rich is your failure to sell when it doubles. Case closed.
One likely explanation for todays INTV action is end of qtr selling of losers by some entity or other.
Bitcoin drawing classic bear flag before the next leg down. Where she stops on this sucker rally nobody knows...yet.
From a macro view If you look at a monthly Bitcoin chart with indicators going back at least 7 years or so there are a number of first ever bearish prints that that have never occurred until now.
Market now squeezing the stupid shorts who ignored the Fibo target and I'm waiting to reenter once again when this runs out of steam. IMO AI trading bots are fairly predictable with simple TA.
All btc rallies will most likely be shorted. When the Fed folds and IMO it will, the btc game will change back to rally mode
Now that it has lost 20k, around 18.2k is the last and strongest Fibonacci target for bitcoin but there was no volume there on the way up. IMO It now has to get to the 12 to 14k area to find good technical support. Best definition of bitcoin: Sir, I'd like to sell you this bit of nothing. Sure it's nothing, but it's the most secure nothing you've ever seen in your life, thanks to blockchain. Furthermore, in all of existence there's only 21 million of these nothings. It can be a store of value for nothing and is a terrific hedge against nothing.... Taken from the greater fool sales manual.
Bitcoin longs take notice. All time high discount to spot. Rut Roh!
https://ycharts.com/companies/GBTC/discount_or_premium_to_nav
INTV bumping up against declining 50dma. RSI turned positive for now. Is there another btc mining stock that looks like this on the daily chart? If there is I can't find one. Still a possible bear flag but If it gets above 50dma, First resistance mid-sevens area. Who woulda thunk?
What five cent stock is not a pos? Eighty eight cents down to five cents discounts a lot of problems.
When bitcoin broke down through 28k support everybody in America and their grandmother went short. So we are looking for a violent short squeeze rally pretty soon the top of which will likely be yet another life changing short opportunity.
Bitcoin is getting close to a couple of support zones. One around 20k and a stronger one just above 18k..
Possibly reported out of sequence
Right now bitcoin is serving in it's only legitimate use which is 'source of funds' for institutions to raise cash to meet margin calls. Eventually the Fed will fold and flood the country with money again and some of the excess will find it's way back into bitcoin but Wall St and central banks will have total control soon enough and the plan is to turn it into another manipulated tool just like gold in order to support the dollar.
Certainly the INTV stock action is something to think about. Is this company for sale?