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I'm flattered, but it's Gravy to me.
$80MM taken in cash within 15 minutes this morning.
Don't take my word for it when I say what is going on here. Google around and search for penny stock manipulators or OTC manipulators. Research how the OTC market makers work. Google iHub manipulators and pump & dump schemes. Dig around a little if you are new here as I expect some here are due to the increased visibility of Bitcoin and co.
Not trying to scare anyone off, but the only way to make money once these guys take a grip of a stock is to know how and why they do and say what they do. If you have a understanding of that, then you can play their game without being played yourself.
Please, if you are new here, do some quick searches on OTC manipulation and posters.
I am sure you are sooooo upset you "can't" buy today. Were you part of the big sell-off at the bell too?
Yes! Thank you! My point exactly. These new board posters are here to play on peoples' emotions, while touting charts and recent gains. They need to leave and give us our stock back. It's been hijacked for now.
It will come back up for awhile today. These manipulators are savages. They are counting their money now and in an hour they will be back to promoting so they can do it again.
Almost $50MM taken out. 6 minutes in.
Over $30MM (million) taken out of the stock now. We are 4 minutes in.
Over $13.5MM already taken out of this stock. Someone is taking a lot of money out.
The dip is only a sign of what's to come. It's a false bottom. Follow the premium closely. The premium will tell you when to buy again, not the price. The price here does not matter.
Expect the same price action as yesterday.
Early drop, pump it back up, close down by a couple hundred.
For everyone out there reading and not part of the manipulation going on, this is a sign that they have begun unloading their shares to take profit.
Can we add a TOS violation for spreading obvious mis-information? How about for spreading obvious pumps without any regard to facts? How about for spreading advice that clearly goes against widely accepted investing techniques and fundamentals?
We are allowing fraudsters to come in and take advantage of people. It's a very bad look.
If anyone knows how to read charts, I would like a lesson.
I don't want to be called second rate any longer.
I'm seeing this RSI thing and it is pegging the top of the chart, saying something about over-bought? What does that mean? Should you buy when it is over-bought? Does this mean it is under-valued? (Sarcasm)
Thought today was the day! /s
Go find Instatrader, he could use another soldier for his pump and dump schemes.
Yeah, I hear you. I just wish we could get out of this OTC arena. Don't get me wrong, I love playing the pennies, but this is different than all of the normal shell company games.
I try to be as open as possible for the people who know the importance of doing their own research. If nobody was telling the truth here, these people wouldn't know who to trust.
It's a shame that this stock has fallen target to these scammers. It was fun while it lasted. I bumped my Roth by 600% on this so I am happy, but for the people getting in late (now), they are going to fall prey to these thieves and it is disappointing.
This should have more respect compared to the normal OTC pennies and micros. It deserves it.
You are speaking on terms of technicals and momentum. I want to know why $2,800 is a good price based on fundamentals, which is 100% why this stock should be traded.
Technicals and momentum are for those looking to day trade. This should not be a day trade stock. Investors playing on technicals and momentum are playing an EXTREMELY risky game here.
If buying at these levels and holding, you are buying a futures contract, which is not what this is meant to be.
At this point, my funds are going towards accumulating actual Bitcoin as this has lost tradable value.
It's no coincidence that this board has seen a tremendous spike over the last couple weeks.
When I first came here and bought at $500, there was hardly anyone on this board. The last couple weeks has seen a massive increase in posts and users. This is now a momentum play at best until the premium dips to desirable levels.
Do your own research and ask yourself why some posters are posting hopes and dreams with frenzy. These posters are new here and trying to make a quick buck off of investors buying what is being sold.
How many times could we have said this over the last week? Comical.
Dr. Realistic
Way too many people here that simply do not understand the value of this company. They do not do anything but hold Bitcoin. People are buying in on momentum without understanding this value relationship. Smart investors see this and are not willing to play the game. This is a good way to add to Bitcoin to traditional investment vehicles, BUT technicals do not apply here nor should they. This is a 100% fundamental play and many here have lost sight of that.
This is simply way too overpriced at the moment compared to Bitcoin. Savvy investors are taking notice and there will be a concerted effort to reduce the premium back to "normal" in order to cash in. They will then buy back in and receive easy, extra gains.
There is definitely going to be a huge dump day here soon. Within the next week or two.
Can you explain what you mean by very good price?
No, when the premium reaches a more desirable ratio. It has ballooned way too much and become overvalued vs. actual Bitcoin price.
Smart ones did/do.
Thank you and please continue to post the truth!
Too many investors that are new to this type of action can and will get caught losing money. It is very dangerous for some of these posters to just blindly pump something that DOESN'T need pumping.
I will buy back in when this reaches the 1800 - 2000 mark relative to changes in the price of bitcoin.
Not even close to a real correction yet.
This place has turned into a friggin zoo.
Are you the only sane person left here?
Be cautious whenever the boasters start taking it to another level. This is way over priced right now and they are taking their profits while talking other into keeping the price up. It will then drop and they will buy back in to do it again.
It's a shame we have not been able to get this on a highly regulated exchange. The vultures are swooping in and taking the credibility away.
That big dip early this morning was someone selling a decent portion of their GBTC portfolio.
Market makers are probably in on this whole thing too and decided they could manipulate price swings to make big bucks. This place is a crap hole. Really is a shame, because this was a genuinely good stock.
That's unregulated markets for you though, and I am just glad they held off for as long as they did.
Some people just don't understand, and it is unfortunate.
This may wind up becoming an un-investable stock if the premium continues to grow. Wise investors will move away and start putting their money in smarter investments. It was fun while it lasted. Someone is milking this thing hard.
I may have to wait until the markets open up to the idea of options and actual futures, because this is definitely not one.
Bitcoin IS the future. But GBTC should only move in line with Bitcoin. That is not what we are seeing right now. This is not a futures contract. What is going on right now is silly in all regards. It is reasonable for GBTC to operate at a premium, but this is insane.
What I imagine is going on is some big players have decided this is a good play to manipulate in the short term. That is why we are seeing new posters on here pushing hard. Newbie investors are pushing this thing higher based on FOMO. Savvy investors will realize this and take their easy profits.
The newbies will then lose a good portion of their portfolio due to the price they are paying to get in and then sell because they are afraid they don't know what they are doing. Savvy investors will get back in at a premium around 50% or below.
GBTC will then begin tracking Bitcoin again as it should.
Why is this running so high without the equivalent movement in Bitcoin? Just doesn't make sense. I am happy about it, but it doesn't make sense.
Everyone here looking around should trust this guy and not the ones saying over and over that it is running to 3K or 5K. They either do not understand this stock, or they are pumping while they are exiting at these high prices.
GBTC is a long hold. BUT, don't expect this to run to 3K or 5K without BTC running as well. For all intents and purposes, this is a good stock to have that will mirror (for the most part) BTC. This is how you get bitcoin in your IRA, trading accounts, etc.
Based on what? Bitcoin is remaining in the 1700 range.
I friggin missed another buying opportunity. Good work to those paying more attention.
Nice recovery from The JP China plunge is more like it.
The fact that this is a trust gives it more value than the bitcoin itself.
Also, I can hold GBTC in my IRA. Can't freely trade bitcoin through my IRA.
Yes, my DD on someone/company is more thorough than what that someone or company says about themselves.
You really aren't that stupid are you?
Nor does he explain how. What kind of government pressure exactly? The government is making a ton of money on this stuff. They are more intertwined than anyone wants to believe, fortunately and unfortunately. The government just needs to wait until bitcoin becomes more stable, which we are a ways a way.
Everyone wants to use blockchain now, and FI's are trying to come up with their own, but they don't know how to make it stable. If they manipulate it to make it stable, then it causes other issues that they don't want. So, even though they all want to do it, they cant effectively do it on their own. Bitcoin will be the winner in the end.
Government will continue to find ways to get their hands in there which will cause hiccups, but that's all it will be.
You're point? This is s scam just like many otc trades.
Most likely