Now that is some healthy consolidation going on with bitcoin. $58k down to $45k multiple times. Bouncing and consolidating over 2 or 3 days.

Exact type of patterns as the 2017 cycle.

I would expect a similar retrace and consolidation between $80k and $90k.

My guess is sideways in a channel for a week or so.

HODL

I agree, xrp will be at $4 and BTC will be at $200k. I hold both and will profit handsomely.

I hold some xrp but converted a majority over to bitcoin before the freeze began. Not wanting to hold a large position to wait out lawsuits. But have enough to reap rewards on the other side when it happens.

When you can't handle the results of an election for either party and fear them, you are the one being played. Just sayin. I have been in crypto for long enough to really enjoy the ride now. These swings don't matter a bit but can provide some trading opportunities.

In reality, Trumps money man (Mnuchin) feared bitcoin and tried his best to keep it down. Yellen is more versed and isn't afraid of bitcoin according to her historical comments on crypto currencies. Just wants reasonable regulation which is inevitable in all countries.

They will all need to learn to work with the international systems or lose the game fighting them.

Ah, I see Barami is one of those "flat earthers..." Explains a lot.

Good luck in your world.

oops, you spoke to soon. Back in green territory.

I agree with that.

Yes, I have to give credit where credit is due. Barami called the dip from Friday correctly.

Probably a very healthy pullback for bitcoin and very similar to the 2017 run. This is about stage 2 out of 9 for this cycle.

HODL

How does your Friday sell look Sunday afternoon? There is still time for that to change by market open.... lmao

And... the world if flat too isn't it?

Nice, $48k broken on Sunday. Bitcoin has been taking dips on Sundays these past several weekends. Let's see if it hold till Monday.

how about holding and not worrying. You kind of get used to the volatility

Looks like bitcoin might test $55k during market hours today.

Great Friday in the making.

Good morning Whale. Did INTV get close enough to your .30 buy in price? You sound like you are back in.

I got mine.... LINK is doing great.

Ann1, those days are hopefully over.

That was a built in premium over the NAV of the bitcoin holdings. In most other pure asset holdings trusts, the price is very close to the NAV.

For GBTC, there may always be a slightly higher premium because of the volatility of bitcoins price and that it moves 24/7 compared to stock market hours.

In fast moving rising prices, the premium for GBTC will be higher going into weekends.

The other reason for the premium being substantially gone, is that now we are seeing more and more funds on the market that give exposure to bitcoin (including the first ETF in Canada). More competition.

Toppick,

You may want to consider sticking to stocks so you can continue claiming to be smart. You seemed to be obsessed with that term and labeling all others "stupid".

As for your claim

I've seen people off on their predictions but for someone claiming today INTV would hit .30, you win the prize for most off!

Also,

Absolutely nothing. By the time Fednow gets it going, bitcoin will be mainstream world wide. Tell me how many people in Japan or South Korea will dump their bitcoin for a US government controlled crypto currency?

There will be value in both but I don't believe either will be a threat to the other's existence.

The one thing nice on some of the future, government back crypto's is that they will be like stable coins. That is the market they will infringe upon.

I am guessing $55k may be next resistance. Possibly attacked this week or weekend.

INTV should be on it's way to $3 or so with bitcoin above $50k. As new equipment comes online and they post about it, INTV should be in double digits (IMHO). Just comparing to other miners (MARA, RIOT, ARG, etc.)

$50,000 again. Nice to see.

Needs a good spike to $52k or so to have a solid break. Lets see where its at in the morning.

Oh, and another great green day in Facebook world. Funny how running a company right and freezing out the bad actors seems to be the right answer after all.

Looking good here again.

Yea, I heard all people die when they get the vaccine.... yea, that's the ticket... that's what I hear..


Some people see a boogy man in every closet. Feel sorry for them.

What went wrong was a decade ago with Africa Oil. They had just had their first discovery in Kenya and everything was looking great. Then we had the oil price collapse. AOIFF went from around $12 or $15 to $2 ish for a very long time.

I forgot to sell at the peak....lol.

I am still here without selling the top. I actually think I paid closer to $12 a share but I could be wrong. It has been way too long.

Hi Rayank,

I remember you from the ERHE days many years ago. Hope you are doing well.

Just my opinion but GBTC is definitely not a P&D. GBTC is currently the only pure Bitcoin asset play in the stock market. It is simply holding Bitcoin as it's only asset. Hence, it is very volatile and follows the price of Bitcoin nicely. I have been in GBTC since 2017 and still acquiring some over time.

As for other crypto stocks, I would be cautious of many of the OTC stocks that claim connection or business in the crypto field. Many of those are P&D's (but fly high on bitcoin price spikes...lol).

If you are just starting to look for crypto related stocks, you might start with Nasdaq listed big mining farms such as MARA and RIOT.

Good luck and nice to see you hear.

Come on.... let's get this thing back up to $1. That would be nice.

Pretty good day so far. I still think Argo has plenty of room to advance in comparison to other miners on the market. Nice steady climb would be fine with me.

Pretty good run started. $49plus Where will it peak tonight?

Bitcoin hit about $49,750 in coinbase.

Big pullback yesterday and now recovering well today. I think it will test $50k again in the next three days.

Yes, I promise you it wont' trade higher tomorrow also. It's a stock market holiday!

Where do you find out information regarding large bitcoin purchases?

$49k... Do I hear 50 this weekend?

Very nice prediction. Bring it on. I am ready for summer..lol

Yes, and I hope the premium doesn't come back now that we have moved to the next leg up. Any premium over 3% promotes manipulation games from the big boys. I've seen it happen. With a fund that holds nothing but liquid assets, this should be trading very close to NAV except to compensate for expected movement while the market is closed. Ok, maybe like a long weekend in an uptrend (like now)....LOL

I agree Tyreek.

With the news that came out this week, if Bitcoin is up again over the next 3 days, next week this should be on a tare.

If MARA and RIOT can be trading in the $30's and $40's, ARGO should not be far behind. I think they will catch up once word gets out. I believe they have similar hash rate coming online this year with plans in the making.

Good luck all

Nice to see INTV coming up off the floor.

INTV survived the Crypto freeze but did some toxic financing during that time. They have successfully found more reasonable financing now and the remaining toxic debt is close to being gone. This bodes well for the future price of INTV.

INTV was once at $5+ share when they had 700 mining rigs. Now they have $3 million in financing to buy the newest rigs on the market.

RIOT and MARA are both shooting up in the $30's and $40's now. There is no reason for INTV to not hid $ soon and double digit dollars later in this year as the newer rigs come online.

Congrats to all the long term holders (and new comers for joining the fun)!

I'm thinking Bitcoin will touch $50k over this long weekend. GBTC will have a gap on Tuesday....