Your kidding right?

How am I angry? I've been mining multiple crypto's for years and am well diversified. I've enjoyed huge spikes in multiple crypto's including dogecoin. I am just a realist. I continue to acquire (via mining) doge and am thrilled it is doing what it's doing. I am holding 50% for the ride. Just suggesting some people should research to understand the differences in crypto. That allows one to really enjoy what is happening. On any investment, you don't make money or lose money... until you sell.

Enjoy

If the alt craze continues, there is likely a pleasant surprise for mining operations like INTV that most holders don't realize is happening.

This is somewhat nuts and I would venture to guess it will be short lived, but any mining operation that is large enough, is also likely diversified in some of their mining machines. Many of the mining machines and pools allow the miner to do dual mining at the same time. In the past, the dual mining was negligible because you were gaining some basically worthless alt coins that had no real market value. You just kind of opened an account and let it accumulate.....

Today, I did some math and have proven that any litecoin mining operations that are dual mining (dogecoin happens to be the only available option for dual mining while mining litecoin), the dogecoin payout alone is approximately double the earnings of the litecoin mined. In other words, if INTV was 65% profitable operations on their litecoin equipment, they are currently running above 200% profitability.

I am exchanging dogecoin in for bitcoin for long term hold because I don't think it is sustainable at this rate.

On top of that, I also know INTV exchanged a lot for Chainlink which is also up huge from when they posted their purchase(s).

INTV holdings will likely surprise when they get released. Just a little bonus for those who can hold through the dip.

Good luck all

Ok, you all are nuts, but thanks for the dogecoin hype.

I would caution all to only play with what they are willing to lose in dogecoin. Or, diversify into other crypto's and enjoy the ride.

Today, I offloaded 50% of my doge holdings that I could access. This is ridiculously priced but I am mining and acquiring more daily so ..... keep it up. I will continue to cash in on high spikes and convert to bitcoin for long term holding.

It would change my mind if coinbase would change their tune and allow dogecoin wallets and trading. I have used three different foreign (to the US) exchanges so far with dogecoin. I was completely scammed out of $50k worth from the LIVECOIN.NET hack in 2020 (the russians got that one). I am currently frozen out of my dogecoin holdings in an exchange in south america (I had used them for 4 years and all of a sudden they care where I am from...they don't like the US so much). Kraken won't allow me to open an account due to living in Washington State. I have a third account that is, so far, allowing me to trade dogecoin and store in a wallet. This exchange, however, froze my xrp so there's that. And I consider ripple to be more legit than doge.

Anyway, keep it real, enjoy the sunrises and sunsets.

Good luck all

Added more COIN here. Still looking for other entry points over the next 30 days.

Nice call. Since options expired today, I suspect a fairly good uptick over the next 5 days or so. Pattern has held the last 4 option expiration periods.

Stocks 24/7, don't want to take all the wind out of your sails but let me give you some information to chew on.


I own both Bitcoin and Dogecoin (along with many other cryptos) and recognize each for what they are.

Bitcoin was the original crypto currency and has a mathematically limited supply that can never change. This makes for a very good vehicle for a digital store of value.

Dogecoin was created as a joke and has an increasing and unlimited supply with relatively no sensible control. This, in fact, makes this a horrible "store of value".

Second, Dogecoin, due to these properties, is not recognized by most major exchanges in the United States. Especially if you live in certain states where some big exchanges won't let certain citizens maintain accounts. I have held dogecoin at multiple international exchanges. One was hacked in 2020 and I lost approximately $60k worth of dogecoin. Never to be recovered again. In another exchange, I went to trade my dogecoin and they had frozen my account due to new regulations of that exchange that required them to "Know Your Client". Once I gave them proof of who I was and where I lived, they gave me 14 days to remove my assets (because I lived in the USA). Of course, I was able to move my bitcoin from this exchange easily but they have frozen the ability to withdraw Dogecoin for all of their clients at a system level (why do you suppose?). The account is frozen so I can't trade it for bitcoin and then withdraw it and they won't let me withdraw it straight into my third active dogecoin wallet. I am not alone trying to work with the second exchange on withdrawing my dogecoin. Many complaints are posted on their website. Hopefully, I can move these assets soon.

Given all of this, I seriously doubt Dogecoin will ever be established as a viable store of value for the general world.

Yes, the price will be manipulated by the occasional Elon tweet, but it will never be maintained, IMHO.

Enjoy the ride but diversifying may be a wise decision for serious levels of assets.

Just to be clear, investing in bitcoin is almost identical to mining bitcoin except for the cost of mining spread to the price.


I invest in straight bitcoin (buying through an exchange with a transaction fee) and also mine bitcoin with bitmain miners. It cost money to buy the bitmain miners and cost money to pay for the electricity to run the miners. During the three year cycle between 2017 and 2020, the cost of electricity (operational cost) compared to the value of the bitcoin mined had a large enough margin to recover full costs of the miners and still turn a modest profit. During 2021, with the substantial increase in bitcoin price, all the coins mined have now turned very profitable considering I didn't sell any to cover costs. It was basically a forced investment over time.

You seem to brag about "never invested" and even call it "fake bitcoin" yet you say you "earn it free". If it is fake and not worthy as you seem to imply, why mine it then? Also, why waste investment in equipment, time for setup, network/internet cost, managing the mining pool rewards, and paying for electricity, if you don't like the reward given you?

Bitcoin just broke through $57k again and heading higher. I think you missed this call.

I think the positive premium will return when BTC breaks $65k & FOMO kicks back in. That may not be till $75k or more.. who knows.

I also think the positive premium will be consistently less than we have experienced before now due to the ETF's in Canada for crypto.

Ah.. I see. So you are making a judgement over something you have never tried.


I fail to see how something you have never tried and never will try, is causing strife in your life. That is a bummer.

Maybe don't focus on social media so much????? I know many people who live happy lives without it, too. It's not for everyone.

Find the sunshine that works for you.

Ha... I only own 2 of the 3 bitcoin stocks that Motley fool recommends avoiding like the plague.... LOL. I must be in the right place.

A couple of things

How can most FB shareholders NOT be in the money? It is very near it's all time high and has been steadily climbing over the past 4 or more years since it started turning a profit.

Regarding "root of all evil for a company that produces strife in our world". It sounds like you may have bigger issues. If ANY app or website gives me strife, I would stop using it. Billions of people in this world use FaceBook and I seriously doubt most of those billions feel facebook is the root of their strife (assuming they have strife).

It amazes me that anyone who doesn't like facebook would harp to others about it instead of simply dropping facebook (either as an investment or a tool or both).

Good luck on your strife. I hope you find happiness.

"Evil will be considered Good" was that crazy orange man that was finally removed from office 1/20. It is sad that so many couldn't see the truth.

As for facebook, they seem to be doing extremely well. Shareholders are making a killing while end users are sharing thoughts and memories with friends and family. I really don't see a problem with that. Win/Win

Ok, have you guys all decided who's going to be the bag holders for the next 3 - 4 years?

oncifuture, what are you smoking?

BTC will never be connected or controlled by ANY govt, let alone the US Fed.


All governments want taxation and preventing as much money laundering as possible. Bitcoin is already too far entrenched to be controlled by any one country. However, each country will be able to regulate (and therefor TAX) the exchanges within their borders. It is already happening in the US. By regulating the Exchanges, they will also be able to minimize money laundering by forcing the exchanges to "KYC" (know your client) just like they do with stock exchanges.

Eventually, all major countries will have their own distributed digital currency but the popularity of many of the current crypto's (BTC, LTC, XRP, LINK, ETH, Etc.) will likely always exist.

Get aboard or be left behind.......

Question: What exchange that takes US citizens as clients allows the trading of dogecoin? Asking for a friend...lol

Good to hear. I plan on picking some up at some point in time but want to wait for the IPO pullback. It's inevitable but I just don't know when.

My guess is that it will coincide with a BTC pullback. I may have to wait a month or so but your price points of 305 and 277 don't sound unreasonable.

Good luck

Next drop will be from $72k

Just hit $63k again. How is this bearish?

Under $350 now. Let's see where this settles by Friday close. Traders will be out for the weekend. I would like to see this closer to the $250 valuation and even that was high compared to the original $125.

Now below the open of $380

Down to $398. Waiting for a healthy dip. I may wait for 3 or 4 days but I will likely join the party at some point.

Good point made by someone else. BTC hit an all time high yesterday. Overdue for a minor correction. End of month may be a good time to enter both COIN and more BTC. IMHO

Just to add some perspective to this tax discussion.


1) Yes, crypto currency gains should be taxed and will be taxed. Currently, exchanges such as coinbase are required to report any cumulative annual transactions $20,000 or greater to the IRS. Just like banks are required to report $10,000 transactions.

2) Currently, if you have records to prove purchase date and sell date (freely provided from coinbase as an example), crypto will be taxed like any other capital gain if held for more than 12 months. *** comment *** fine by me, I will happily pay 15% on my personal gains. That means I made money. Better than regular income tax.

Opinions:

Due to #1 above, there will likely be plenty of leeway on utilizing crypto currency for small transactions. I.E. I will not likely be paying capital gains tax on my starbucks coffee purchase by using my bitcoin. However, if I cashed in $20k in assets during the year..... yes, my small transactions will also be picked up in the report from the exchange. Technically, I would be paying taxes on them in some years.

Major common sense opinion...... When all the big wall street firms are putting a % of client assets into crypto currencies (i.e. replacing gold holdings), the government will have HUGE pressure on them to treat it the same as ALL other holdings that wall street puts clients in. In other words, don't fall for the scare tactics some may suggest that good ol' Uncle Sam is going to tax your crypto at 80%. It just aint gonna happen. Keep it real. Who do you think pays those politicians to get into and stay in office, in the first place? Wall Street and Pension plans still have major influence over US laws and tax code changes.

If some governments try to do a cash grab on crypto currencies, then they will actually see one of the benefits of crypto (at least most crypto's like bitcoin) and people will move money/assets digitally between countries and even pull it off exchanges/networks that those countries monitor or enforce disclosure. Put simply, many people can put their crypto's in hard wallets and exchange anonymously outside the US regulated exchanges. I can buy my starbucks coffee from my hard wallet and nobody knows who made that purchase. Corporations will hold HUGE holdings in offshore crypto accounts to avoid unfair government taxes just like the games they currently play when one country gets too greedy on their corp tax rates.

Ok, I've been following RIOT for years. Been invested in multiple other crypto mining companies also for years. Holding 10+ crypto currencies directly and run my own mini mining operation.

Finally bit the bullet and got a starting position in RIOT today.

GLTA

Nice to see FB closing at an all time high....

Congratulations Zuckerberg. Keep up the good stuff.

I think the discount will continue around this amount until BTC takes out $62k and holds. I think when it hits around $65k the discount will either flip back to a premium or be within 3%.

I also think this will happen in the next two weeks.

It's globally traded. I doubt a few day traders can do material damage. Some of the original whale holders, however, can create shifts and surges one way or the other. This will all wash out as the price increases and the bitcoin satoshi's get distributed more broadly.

The greedy hands of wall street will actually bring stability going forward.

What is actually scary is that SANP still has a market cap of over $50,000,000 with no operations what so ever.

Those who ran this up are very very good. Who will be holding whats left when it hits .000001 (which is actually where this price was less than 6 months ago).

Spot On ap17.

Crypto is easier to acquire and hold than gold (for those comfortable with it).

The current BTC price is peanuts compared to where it will be in one year simply due to all world currencies printing tons of new currency to open all economies.

Good Luck All

The Market has never seen a reason to trust Frank. Even if he gets SANP current, there is NO revenue and NO operations. He is selling a dream just like he has the last 5 opportunities that went back to .0001.

Don't be too afraid to look at Frank's past on this security. It's your money.

That is essentially what they did but they did it to one purchaser. It is cleaner and should be less volatile on the share price because the transaction is done.

The cash is $9million. The share price now doesn't affect the amount INTV now received.

INTV has raised an additional $9 million at .30/share. It is better than the toxic financing of the past few years but I don't know if this will do much for the short term share price. It might put a relative floor of .30 but when we are sitting in the .40's that doesn't really help much.

Now they need to purchase more machines with most of that $9 million and use some towards electric costs so they can keep some of the crypto mined.

Just an opportunity for those who can see clearly where BTC is going this year. There will be a healthy pullback at some point but I see the charts saying well into 6 figures before that happens.

GBTC will now profit more than holding straight bitcoin. At lease until the discount gets under 3%.

I am holding both and still acquiring.

Never say never!!!!

This fund does not buy and sell Bitcoin as people buy and sell shares. What Grayscale does is buy bitcoin only to match the private placement of new shares at par value at the time of the sale. Then there is a holding period (it originally was 6 months) for the new investors who created the new shares. My understanding is that right now there is a large number of the new shares that the holding period just ended. Those are on the share that were purchased back with BTC was under $15k. If a large amount of these newly trade-able shares are held by institutions, they will likely lock in some of the gains and "rebalance" with the rest of their holdings.

I think in time, the crypto funds like GBTC will actually buy and sell the underlying assets as needed when people are buying or selling at material difference than the side, they will start acting more like a standard mutual fund.

I agree. This is becoming an easy decision for buying in. It was too good to pass up for me yesterday. Better than buying actual coin at the moment.

I know there is always lots of discussion around "naked shorting" here and lots of arguments over if it exists or not, etc. etc.

If you are interested in a pretty straight forward video (on youtube) that explains in simple terms, naked shorting and the problem it can create... watch this link below.


Where did the money go?


ERHE may one day be the example in a video like this.

mdb1,

Over that past 3 - 6 months (mostly 3), GBTC has had HUGE institutional purchasing. The institutional traders are now in more control over where the price closes daily compared to where the NAV or bitcoin price is. We are seeing a heavier weight put on the GBTC price as to where the institutional traders sentiment during non-market hours is going. Especially on a Friday, the discount or premium will be greater moving forward based on their opinion (I am not an institution....lol).

That said, I think the futures market is also now weighing more and since this was the last friday of the month, it also played into the bigger disconnect.

Once BTC does a solid breakout above the previous ATH (61,700ish) and let say hits between $63,000 and $65,000, I think the discount will flip back to a premium as the bull run is confirmed once again.

If BTC hits $60,000 over this weekend, there is going to be a nice gap up on Monday as the discount will reduce in addition to the gap up to account for price appreciation over the weekend.

Fun to watch.

Great graph. I used this type of information yesterday to load three different bitcoin related stocks that I think over reacted to the month end trail off. The next two weeks should be fairly interesting. Will it start today?