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This means companies can do business and eliminate worry about bitcoin wild price swings. More Disadaption Progress.
You're done bitcoin, Citibank announced today it is offering Citibank block chain technology to instantly transform institutional client money into Citibank tokens which can be used for instant 24/7 cross border transactions. Hey! that was bitcoin's gig was at least up to today,, Now All the banks and major finance companies worldwide will copy this immediately. Old tech bitcoin is out of a job once again Maybe bitcoin can get welfare.
I guess he knows a good thing when he sees it,
Where is the INTV 10q we expected a month and a half ago????? Judging by the huge delay I am expecting a doozy with record amount of bitcoin mined and huge record earnings. No? Last one came out all the way back in May but I suppose we should be happy at least it was May of the current year. I'm going to miss this board when it's gone.
Lookout bitcoin.... DXY broke resistance. Some guys (not necessarily me yet) looking for a 3k to 9k bitcoin before it's over. However it's crypto so anything can happen. Guys who are concerned with making money like to short rallys in a bear market.... Well Duh!
Bitcoin going to a million dollars....Raise your hand if you think that any govt on this planet is going to allow a few guys like Michael Saylor to destroy the world like Soros does now. Bitcoin must be muffled. Probably already is.
After everything that has happened the fact that the ignorant cannon fodder still believe that bitcoin is going to a million dollars tells you all you need to know about how to trade stocks successfully. Human nature never changes. Foe example Blackrock , Citadel etc have been buying all the bitcoin they can according to the internet no-nothings and the float is miniscule so why is bitcoin going down? Where is the supply coming from? Do these guys even need a supplier? In other words what does supply actually mean? One more time for the slow leaners, bitcoin is a money game and nothing else. Wall St is the smartest guy in the room, always has been. IMO if Blackrock and his buddies gain control of bitcoin and this has always been the plan IMO, they going to do to it what they do to gold.
The third week of Sept is the best time of the year to find stocks that the institutions are dumping for portfolio look reasons. Can't beat it.
One dollar now on INTV is equivalent to .008 pre-split price. Not even a penny stock anymore. This is for anyone who might think that 1.66 is not so bad when actually IMO it's orders of magnitude worse than bad. So why would the stock have any more value at 1 or .5 or .001? I am still looking for answers on what the reason might be to own a stock like this. For example what is the future for INTV?
The good word is if you want to buy this stock, not surprisingly there is no waiting in line.
That guy is the one of the worst moonboy permabulls wrong all the way down on the internet. I am more interested to see how many bitcoin INTV has been mining. I hope the overdue report comes out soon. Audited or unaudited won't make much difference I suppose.
Bitcoin sitting right on top of support at the 25.7 area. There are several other support areas along the way to the final bottom in price for bitcoin. IMO bitcoin miners are responsible for the poor liquidity in the bitcoin ecosystem. They are the ones who continually drain the dollars out of the system. The closer we get to the halving the less the miners appeal to me. I think a year from now there will be only a few mining stocks still in business. There are other bitcoin stocks at the appropriate time.
This is why bitcoin is in a bear market. Bitcoin has never existed in a declining liquidity macro environment before, No track record to rely on scares away smart money while our little gem called INTV has written the book on how to scare away smart money.
https://www.reuters.com/markets/funds/us-money-supply-falling-fastest-rate-since-1930s-2023-03-29/
The bitcoin uptrend starting around the first of this year has already been broken a couple of weeks ago. This is based on a trend line drawn along the bottom prints of the ensuing uptrend. This is according to basic TA 101. This puts the major trend back into clearer focus which is of course down as the bitcoin bear market continues. One excellent bear market recent example: Did you notice how the major news of the Greyscale legal victory over the sec played out? Shockingly (for many bulls anyway) total lack of explosiveness and the ultra bullish news dead after only one day. Your mention of 24.8k is one of many support zones on the way down. Some will be strong others weak and you can expect one or two really good rallies salted in there. IMO eventually even the most ignorant cannon fodder will understand that the mania is over and has been over for a year and a half now. When almost all these guys give up and the fed reverses course bitcoin will likely start a new bull market but without the mania. In the meantime there should be excellent long and short opportunities along the way as bitcoin remains the greatest trading vehicle ever and in crypto anything can happen.
I'm amazed they can still find somebody to take those dilution shares if that's what went down. I would love to know the terms. I bet it would make the longs eyes pop out. What do you think would be fair? Maybe about 25 cents? Less? Who knows? I am trying to remember that time he sold shares for a penny or so while they were trading several times that amount and the ensuing volcano that erupted on this board...LOL.
This is the fist time that I can recall where he is actually buying stock in the open market.
Island reversal on the uup chart could be reason for bitcoin falling after it performed exactly to script I laid out and went up over 28k for a while. Show me the chart and I'll tell you the news.
Looks like 100% of management bought stock! Just wanted the world to know it. I hope it wasn't somehow related to excessive use of vodka.
Looks like insider bought about 10k shares of INTV common.
The typical cycle of deflating bubbles like bitcoin suggest that after the first big down move frequently there is a 100% rally which bitcoin just completed (15k to 30k) accounting for the action of the mining stocks. INTV cannot be reliably predicted to go along with the others because of lack of liquidity. I am not making excuses for INTV. IMO bitcoin etf's will at first appear bullish but will end up being bearish just like bitcoin futures. How much higher would bitcoin be if there were no futures? Etf's are just one more way to control bitcoin.
Bitcoin mining difficulty just hit another all time high and the halving is only getting closer. INTV's machines are getting older every day. When do they become unproductive or obsolete? IMO there is a reason we don't get a timely financial report from INTV. Bitcoin has been declining in popularity and any existing and future bitcoin etf's and related only steal investors away from mining stocks. Show me a path to survival for any small miner including this one.
INTV trading at .011 per share pre-split. Wow! Nothing to see here because according to some it's mining bitcoin profitably like that means something. What's that old song? Oh yeah, Don't worry, be happy!
I see it close to support and should bounce a bit maybe over 28k. Medium term I am very bearish mainly due to macro factors especially lack of liquidity in the bitcoin ecosystem and seasonality. I do not have a long term viewpoint.
We are getting the bounce in bitcoin. I do not expect it t last very long. Friday the Fed talks and I think he will say inflation is down but prices are up so look out bitcoin.
Bitcoin drew a candle known as a hammer today. A temporary rally has a good chance to follow.
Bitcoin is near support and should be able to get a bounce..... Man, a couple of weeks ago it was soooo close to flipping bullish but just could not do it.
I am not expecting a very good report on INTV bitcoin mined during the previous quarter due to increased mining difficulty. I have seen reports of substantial reductions in mining yield. Tough business getting tougher due to ever increasing competition. Be careful.
DXY going the wrong way is hurting bitcoin.
Buyers just not stepping up for bitcoin...of course sellers not stepping up either. Maybe tomorrow.
Somebody wants out.... although a prediction of 2.11 from 1.88 is not much of a compelling pump.
I wonder what the 2625 miners are worth in a sale. Could they fetch $400 each? Just a pure guess. If they did then the miners would be worth around a million dollars. Add other assets if any. Divided by how many shares? Preferred shares plus common... Anybody?
If anybody is expecting good mining results from INTV all they have to do is look at this chart and consider where it will be in another 6 months and later watch it sky rocket even more at the halving. Then with competition getting tougher every day from new miners entering the grid while INTV machines get older every day please explain to me how this stock can possibly flourish. The clock is getting closer to midnight every day.
https://btc.com/stats/diff
I wonder if it was Blackrock buying the 13 shares of INTV traded today? If not the whole thing maybe half.
No breakout follow through for bitcoin today. Inflation data tomorrow. Waiting for 'earnings' for INTV.
Bitcoin hit up against moving average resistance today but at the same time my number one short term TA indicator is trying to give a buy signal for the fist time since it flipped bearish in early July. I am staying closely tuned and may buy something tomorrow for a short but playable btc rally if the buy signal holds up.
I think INTV has lost about 60% from the recent high. Bearish engulfing candles are one of the most reliable signals.
About potential company plans going forward, who knows what they might be but If I was a stockholder I would be terrified of growth through dilution. I still think the best way forward for the stockholders is to sell the company if it turns out that it is indeed sellable.
Better to not be distracted by less important stuff and instead try to figure out why somebody was selling this past week. I'm sure we will find out what the reason is sooner or later so better to try to be prepared.
It's not about what the company is making now , it's more about the future. You have to have that ammo in order to expect a greater fool to buy your stock someday. So what is the future like for this stock? Name one good thing.
I don't know much about bitcoin mining machines but I know they have a limited useful lifespan and eventually become obsolete. I know the clock is ticking here but I do not know where INTV machines reside in time. How long ago were the bulk of the current machines bought?