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Would like to know if RM involves diluting INTV stockholders. How much debt does prospective partner have? What percentage would current INTV stockholders own? Million questions and concerns.
Btc has entered a Major area of resistance, Major with a capital M. However, If it can clear 8500 convincingly 10k area is possible.
Closed right on the 200dma. Somewhat relevant because tomorrow when the still declining 200dma drops by a cent or so on the daily chart it'll look like the stock closed above the 200dma which was actually not the case (yet).
Headbutting the 200dma again. Like to see it plow through and go up to 4 or 5 cents and come back down and successfully test it. That would show up on many radars. We'll see what happens here.
Slam Dunk IMO.
If Petawatt bought a crypto mining business what would THEIR electric cost per bitcoin be????? Maybe the lowest in the country?... WOW!!
So now Petawatt has a smooth running business with very very few if any at all issues completely up and running ALREADY INSTALLED ON THEIR PROPERTY. I think folks call this a turn key business opportunity.
How much will Petawatt pay for INTV? $.50 a share? $.75? $1.30? What do you think?
Sold yesterday you can see what the market thinks of no funding by last Sunday deadline. Apologists and excuses are for suckers.
What happens to this company after the halving if btc fails to rally sufficiently before the halving?
Actually the company does not appear to me to be in bad shape. It's btc that's in bad shape. It's difficult at best to try to apply TA to a one penny stock with low volume. This is not a TA situation. The company is doing it's part however, IMO this deal is a Hail Mary Pass bet on btc. If it works in spite of the usual Hail Mary odds the percentage return from a penny should be Huge. That's Huge with a capital H. Btc price is the big issue/problem. Unfortunately TIME has also become a growing concern and is dwindling away.
sorry wrong board
What btc price does this company need after the halving in order to survive?
Don't hear much about 'digital gold' anymore. That ship has sailed. Nevertheless IMO there is still a chance btc will see between 18 and 22k this year. Trouble is every day counts and the halving really hurts miners profitability. 18k means twice as much now to miners as it does after the halving. As far as this stock goes I was counting on the runup in btc price before the halving not after the halving.
Many folks (but not Wall St) tend to lose track of the fact that the btc major trend has been bearish for a really long time. Like you said, 10.500 would finally break the bear trend.
Short term, btc price at a critical point right now. 60 - 40 downside bias from here. IMO btc performance since the initial crash has been surprisingly disappointing. Apparently way too much hype. Real gold (bullion) priced in US dollars is at an all time high today while btc at about only 35% of it's all time high has been struggling. Not good sports fans.
I certainly hope they will be adding because so many machines will become instantly obsolete. A lot of miners will be forced out of business. Probably replaced by newer more up to date mining companies if btc price permits. I think INTV may have a better than average chance at survival but stock action has not been supportive of that idea so far. We will see.
Does anybody know how many machines the company has to turn off after the halving?
BB squeeze forming. Last bb squeeze the stock doubled.
Interesting video on youtube
Ethereum has multiple real world uses with more coming all the time. Btc has only one current use. Store of value. It didn't happen this go round. Therefore Btc is suspect. If you want a hint about what is going on watch GBTC.
3200 would be at the upper end of the range if it first breaks down like I said. Technical target, not a prediction.
The bear flag did what bear flags do. Some support 5500 area. If it breaks through that decisively you don't want to know the target.
Some folks are now rethinking btc because when the big test came nobody ran to btc. Up periscope.
Suspicious and not bearish yet but just saying....https://u.today/bitcoin-btc-doesnt-have-much-time-left-according-to-trading-legend-peter-brandt
Btc hashrate now down about 50% from recent all time high. Miners have shut down but no increase in the btc price is a bearish signal IMO. Bearish indicators are increasing.
Btc was created to hedge the exact situation we are going through. Furthermore it could not be in a more bullish position than it is right now especially due to the recent govt actions. So far it failed to be a hedge or an alternative to the dramatically debased dollar. Check out the other dollar alternatives since govt announcement of the 6 trillion debasement. If it cannot perform under optimum conditions there is something not right. I Hope it turns out that I'm wrong about this.
I have read the average cost of production for one bitcoin in the USA currently is about $7300. That is where the $15k after halving cost comes from. INTV currently has a cost of about $4500 so after halving cost will be substantially less than 15k facilitating a better than average chance of survival for INTC. Some miners in China have a current cost of between 2.5k and 3.5k. IMO Chinese strategy is to try to become the only country mining btc . INTV also mines Ether which is not halving. If it becomes necessary hopefully INTV can switch over to predominately ether mining like HVBTF. As far as btc future price goes, I believe the recent crushing of the btc price has hurt it's credibility quite a bit.
Odds are Btc has been forming a bear flag. Time will tell but I suspect another leg down is on the way.
Still too much fear in btc market while gold is up 80 bucks.
INTV is my only crypto holding right now and I am not going to sell it however I am expecting more attacks against btc.
Don't know where the bottom is but Btc is still way above $4500. Btc has done this before and it'll likely do it again. We will ride it out as always. Not overly concerned.
Maybe you should buy a couple hundred shares in case you're wrong. Of course most guys here think you already own the stock and just like to provide entertainment for the rest of us.
The theory is that as the supply of available btc decreases the price increases if demand remains the same. This potential price increase will help to at least partially and perhaps totally offset any potential reduction in revenues for INTV.
Electric cost per kW doesn't change. Btc yield changes. One likely remedy is adding additional machines. Btc price should be helped by high electric cost miners shutting down which will have the effect of reducing supply of btc. The majority of machines currently in use will become instantly unprofitable and therefore obsolete. Havening has no effect on Ether or other crypto mining.
One of the most important issues going forward from here is the need for promotion so that the world fully understands the advantage of INTV's electricity cost.
I think I'll kick in a few bucks right here.
Btc broke down from the 50 dma support and now sits at the 200dma support. Has a good chance to hold. We'll see what happens.
Ready to buy some crypto stocks back.
Getting close to first btc support at the rising 50dma.