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The dilution is done when it's done. Hopefully there are no new unpleasant surprises awaiting. If dilution is done the market has to be convinced it's done. Too bad a big btc rally was wasted but it is what it is.
Stock did not act like dilution is finished
This area is not only 200d sma but also a major fibo retracement target for btc. The only crypto stock not counting this little gem I have not bailed on recently is etcg. If as I said in a previous post btc can break up through to about 9300 or better AND successfully back test 9100 I'll buy everything back.
Lots of room for improvement in electric prices for this stock. Ceo has done such a good job that the stock is now one penny.
I cannot imagine the US Treasury Dept letting btc go much above 20k and that only temporary.
Remember that they mine other coins that are not involved in the halving. Also there might be other mitigations to the issue including the possibility of mgt negotiating a lower electricity cost.
Another question, has another down leg started? Tomorrow might bring some insight.
Today appears to be the lowest close ever.
Thank you for your diligence and hard work. Wow!
Not trying to burst anybody's bubble.
How many months will dilution be ok before it's a fatal problem?
Are you suggesting that dilution's ok to go on a lot longer before it's a problem?
Dilution has been a fatal problem for this stock for a long time. Maybe it'll finish up this year maybe next, who knows? Imagine how many guys are looking at this stock right now because it appears to be the only btc related stock with 100% failure to launch during the recent btc rally. Sticks out like a sore thumb to many many guys looking to put money to work I'm sure.
While btc is in a resistance zone for now I believe we will have one more decent rally before May rolls around. Hopefully that would provide an exit for this stock. It is my understanding that the btc price run up from the last two halvings occured after the event not before. What worries me is all the talk about the halving and price doubling. Usually when there is too much discounted anticipation of something in the stock market it doesn't then happen.
Trouble is this stock is on the clock. Every day closer to the halving is another potential nail in the coffin. I felt that the stock should have been able to reach 3 to 4 cents today but dilution mentality prevailed once again. I blame mgt. Really can't afford to waste opportunities like this, not going to get many of them. It's possible this stock might be diluted all the way to May for all anybody knows.
So I'll post it once again, BTC $1000 rally INTV $0 that's zero rally. Great job by mgt. Exceptional.
When is mgt going to put some of that way over bloated salary back into the stock? Confident much?
Somebody can't take the daylight about the ceo. LOL.
Coming up to the declining 200 day sma at about 9100. Pretty firm resistance around these parts. Don't think it will happen but if it can somehow get up to about 9300 and successfully backtest 9100 that would be a different ball game.
The ceo of this company with his ultra-bloated salary who can afford not to care about stockholders has done such a good job that the world has seen fit to reward him with a one penny stock price. Sometimes the truth is just plain inconvenient.
For this company, dilution can't just slow down it's gotta stop completely and after that the rest of the investment community has to be convinced that it's gone. We will not be able to attract new money until this happens. There are too many other stocks to invest in and dilution is an issue where potential new buyers will rightly be scared that other new buyers will stay away so they look elsewhere. I don't blame them. This has been an issue on this board since I've been here and there is no reason to think it'll be over any time soon in spite of the numerous lies posted here about it ending.
IMO btc can go up to about 9k before turning around.
The stock almost had something going a couple of days ago. Hope all the new shares don't kill it. Some guys might like the mgt of this company but he sure doesn't do us any favors.
Estimated sometime around the middle of May. Nobody knows the exact date as it's not based on calendar time.
Well you're not getting much argument, are you?
Dilution is just one reason folks need to be diversified. GBTC is my first choice for bitcoin related investments.
Ongoing dilution shuts off badly needed new money.
Good point.
Bitcoin is just like everything else in the stock market. You can make money with it but it's not easy. If it were an easy sure thing everybody in the world would be buying mining stocks. I have said before that many in the btc community think the rise due to the halving is already discounted. Maybe it is and maybe it's not I sure don't know. But, btc can certainly go up without the halving. Recent activity with the Iran deal was very encouraging for btc. It went up right along side of gold and actual war with Iran is almost certain at some point. Good for btc bad for G.I.s. Can this company survive the halving? Well they have some newer machines since they said they were profitable at $4500 so maybe that figure has changed somewhat. I still think this stock can appreciate a bit before the halving if btc can get rolling and there is no more stock destroying dilution.
Not so hard to believe as the Chinese want to control all btc mining and their elec cost is way lower than anybody else's especially around renewable energy sources so even as it doubles at the halving they will still be profitable at 5k to 6k btc price.
one day Casper will laugh all the way to the bank....if he's smart. BTW I went to the bank today to withdraw my life savings and the lady said how would you like that ....heads or tails?
Casper - If intv goes up say .00000001, what do YOU make, about $65,000?
If that holds it will make all the difference.
Seeing a little liftoff in some other btc stocks. I think Scott may be interested in at least one of them.
I guess it's ok to have a little premium in btc price in a country on the road to possibly becoming flat and glowing.
More to that story.... the author of that 24k article is using the official exchange rate of 42k IRR to one usd whereas the actual market rate of exchange is closer to 130k IRR to one usd which puts btc in Iran at about 8k if my math is ok. Maybe we could get Janice to check the math for me.
I think btc is set up to tank right now but if it does it won't stay down and it is worth noting and encouraging that btc went up on war news today like gold. Surprised me.
OK. Thank you for putting words in my mouth. It saves me from typing.
Are you telling us that we should be smarter than the ceo and not fall for meaningless nonsense from some newby? If so then I could agree to that.