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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.
So far the btc move up from 9400 is forming a bear flag. Of course things can change, time will tell.
First ADX sell signal two days ago on btc since last Nov. MACD bear cross 5 days ago. Several other indicators I watch are about to turn negative. INTV is my only crypto stock right now but mostly because it's too cheap to sell.
They have some coins stacked. Selling only 12 btc takes care of the whole thing.
Casper, I never had 3 million shares of anything. Closest I ever came was one time I had 3 million ants at a picnic. There were so many ants they won the tug of war.
Stock is selling at about 1x shareholder equity.
IMO IF btc can get through the current bubble gum it could gain about another thousand dollars or so then watch out.
Ethereum attempting to break out and doing a pretty good job. Btc up against strong resistance but not retreating (so far). INTV needs a catalyst. As usual it has paid to be diversified.
Please feel free to share.
This is the exact time INTV needs to hire a PR firm.
I don't know what you expect from a one penny stock. INTV has almost doubled since the last week in Jan. That is less than one month. That is an excellent return and hardly the sign of a scam. You appear to be still fighting the last war. The scam war is over.
Casper I would like to hear what you have to say about other miners. I own a few others hutmf riot gbtc. As I posted a couple weeks ago I have my serious money in etcg. My finger is always on the trigger with trailing stops though.
Why is it down and not up? Because
1. some guys will 'sell the news' no matter what.
2. btc correction.
Good report. No negative surprises. Newer faster machines. Making a lot more money now with btc at much higher levels. Rally should continue IMO.
Should find out this week how much progress this company has made or not made. A lot riding on it IMO.
Several important technical metrics turned solidly bullish in the last two days. Let's hope they continue on.
Thanks for the explanation. I was unaware.
Is the bear market of Ichimoku Mokuichi ?
Ichimoku sounds like something you would find at the bottom of a diaper.
Possible that when the mgt speaks in Feb it ignites a p and d. There are guys on this board who watch many of the individual trades who should try to determine a pattern of accumulation now to get a hint if a pump is forming. So far it seems they mostly pay attention to the seller but somebody (who?) is on the other side of these trades and it is noteworthy that the stock no longer makes new lows. Increased volume tells us that visibility has likely increased somewhat.
If intv is profitable mining btc at $4500 and btc price stays above $9k then intv should still theoretically be profitable after the halving.
Wall St M.O. is to promote some investment in order to get the retail cannon fodder involved and then short it down to where guys give up or get margined out and of course then it's Wall St covering their shorts by buying the longs liqudation and pocketing the equity of the longs. Then they do it all over again.They have been doing this successfully for more than 200 years. That is why btc is just a trade. JMHO.
The reason futures were initiated for btc is so btc price can be easily controlled by somebody with enough money to overcome any opposing position. So IMO that means Wall St banks with the funding and backing of the Fed. They have already proven they can take btc down to virtually any price that fits their needs. They proved that when they crashed btc down from 20k all the way to 3k shortly after they started trading futures. They have manipulated gold in exactly the same way shortly after gold futures started trading.
Don't know when the stock might bust out of the base it is forming and it could be a good while yet but I have a feeling that if and when it does it will be fast and sharp. Looking for a big percentage move from here but not miracles. Like Casper said 'another day closer'.
Btc made it up to the 9540 target I mentioned a while back. In the event it decides to keep going there are several resistance points above here with a strong resistance a little over the 9700 area. If not the first stop on the way down would be 8900 or so.
Looks like the stock closed above the 50dma. That is a good thing. Hope it stays above it.
Getting too easy to make money. Might be time for a btc pullback.
Closing in on btc potential problem.
TA is useful to an extent as it can increase the odds of trading successfully. It is built on the notion that human nature does not change. It works best when enough people believe it will work and therefore becomes self-fulfilling.
This stock has been riding at or below the declining 50dma for a while now with only one or two aborted one day crossovers since last July and now it's come to an important point. The stock has once again bumped up against that average today and IMO needs to finally cross up through that moving average real soon if not right now. I would not be surprised to see it happen. We will see.
Had the RSI cross up through 50 today. Doesn't happen very often for this stock. Full sto made a minor bullish cross today and ADX is bullish and got stronger today, strongest since last Oct. But Money Flow surprisingly dumped and volume was less than abysmal. Strongly suspect guys on this board caused or at least helped cause bullish readings as any two or three guys with 300 bucks can typically do to a one penny dynamo like this one.
Stock has entered a basing period and that is a lot better than making new lows all the time. Patience is required but no telling how long the basing will take.
A little early but right now btc has successfully backtested the 8920 200dma. Let's hope this holds.
Btc above 9100 so it broke up through the 8920 resistance. Would like to see a successful backtest of 8920 area and next important area would be 9540.