Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Maybe somebody forgot to tell the INTV thousands of fans that the holiday is now over. Looks more and more like the top is in on the bitcoin bear market rally. IMO bitcoin has several support zones very close together running down to about 22k area. However I don't like the positioning of bitcoin regarding the head and shoulders top.
If there is more dilution coming and I hope there is not, I can't imagine what the terms would have to be in order to satisfy the buyer of a stock with this type of available liquidity. Any guesses where the sweet spot might be?
The weekly chart is actually worse than the daily chart IMO. I don't know if the stock is discounting new dilution right now because of the absolutely pathetic volume. Doesn't mean it's not discounting upcoming dilution. If I try to interpret the stock with next to no volume it could really bite me if somebody shows up to unload shares no matter what and drops the bid to .60 or whatever. Does that sound unreasonable? We saw that kind of low volume action today after somebody tried to put the lipstick on the pig.
No reaction at all on this bitcoin bounce. Lack of liquidity in the stock is terrifying. I can't trade the stock at this point because of that. Apparently it doesn't appear to want to move with the miners like it did pre rs. I liked it better at 3 cents when it had trading leverage.
One problem is mining difficulty is always sky-rocketing. As much as I bring it up nobody ever tells me how this company expects to compete. As far as bitcoin is concerned, there is still nothing to replace it as a Wall St money machine as long as the target audience still has one dollar left and there are pathways those institutions can reliably short it.
Bitcoin not too far away from 25k area support. Have to see how it wants to act around there. Pretty boring right now. Bitcoin is entertaining only when it is trending. Doesn't matter which direction. As long as it's moving a person can make a little money. INTV may have more to worry about regarding squeeze out issues
Apparently the cavalry is not coming to save bitcoin which is losing liquidity daily as money is leaving and not enough retail or institutions care about it right now. How it acts when the farce over the debt limit is finished will tell us a story. Could be a good short opportunity coming up if it rallies enough.
Bitcoin mining difficulty hit another all time high today. What will it look like in 3 months? CEO....Sell this company while you can. The window closes a little every day.
One way to look at it is the only guys left who have a complaint anymore are the holdovers who invested in the now dead and buried INTV (good riddance) while the guys who waited out the destruction can now come in to the new company and have at least a pretty fair chance to make money IMO. It might be a good idea for the holdovers to consider the new company's prospects. Of course bitcoin which is still in a bear market has to behave although I suspect that this stock might be less dependent on bitcoin price than many other miners. Timing as usual is everything. The big caveat is the stock can have no dilution at all or the bullish bets are off. One possible clue of INTVD prospects is that the stock did not suffer the fate of settling at around 30 cents after the reverse split.
I like that he is willing to try different things. Because bitcoin mining gets harder every day I hope some big miner would like to add INTVD machines which are already up and producing and literally a turn key takeover with little to no issues. Because mkt cap has dropped so dramatically while revenues have risen INTVD is a new investment entity which is actually attractive enough as a takeover candidate to allow appreciation from 2 bucks IMO. I like 3x to 4x.
I expect the guys who sold on the announcement as well as many others will now take another look at it because of valuation. IMO prior to the rs the stock had no hope whatsoever unless bitcoin somehow went to the moon. As we sit here INTV which had lost 96% is dead and this is a new day with reborn INTVD. I don't see any reason the stock is not worth at least around 8 bucks as it stands with all things being equal. For guys like me the window of opportunity with this stock is now IMO.
I believe the ceo was acting as a man of good will by warning everybody about an impending reverse split. The stock he owns would be affected as well by the warning. What would this board be like if he dropped the rs on stockholders cold? My Goodness. So the stock got hit hard but everybody was given the opportunity to choose their own course of action and there was plenty of talk about what was likely to happen to the stock price and plenty of time to act . I applaud him for giving folks that choice. Now that the rs has happened and the damage has been done to the market cap, the stock is in a position to be attractive as a potential take over candidate where it certainly wasn't before the rs. I believe this was necessary as I do not see a viable long term path forward for INTV mainly because of ever increasing competition in its various forms.
Now that the market cap is cut in half and the revenue is up big, the stock looks stone cheap.
how can you not like it as long as there are no more dilutions. All things being equal IMO it should be an easy 3x from here.
The only bad thing is now we might lose all those shareholders who were here only because they craved punishment.
How funny would it be if INTVD was the best value safest stock in the crypto sector right now? Can't argue with the actual likely sustainable numbers, can you? I was going to say something about . being a miniature blue chip stock but I just cannot bring myself to do it....
Wait till the word gets out.... no debt ..... big revs for the size of the company.....no smart shareholders.. etc etc This stock is low hanging fruit. Probably the best value in the entire crypto sector right now.
If it can keep producing at the current qtr report rate, that comes out to about $2.66 revenue per share annually. Not bad. And it's an already set up and running turn-key business ready to be acquired by some lucky bidder. Get in line mara and riot and everybody else and bring your checkbook. Heck, I'm starting to convince myself....that must mean it's time to adjust my medication or something.
I have mentioned the company had decent financials on a per share basis. I hope this report helps make it attractive as a potential take over target.
Of course you make more money using the machines to mine bitcoin but at some point they become obsolete and a company like INTVD could start a remote A I farm with the old machines.
New business opportunity for INTVD....I read where bitcoin mining machines can be repurposed to serve the AI market.
That nickel helps tremendously... now it's only down 97.386% in the last year and a half. .
Bitcoin is just below 27k support with 95% of shs top constructed. Looking at the action in the miners right now it appears like bitcoin wants to go a little lower to 25k support
So far there have been 6 shrs traded today. That's well over 10 dollars of value. Not bad for the first half hour right? Maybe bitcoin will go over a million dollars soon, ya think? I am not looking forward to volume picking up due to the first sign of more dilution.
I have 240 shrs traded so far today. Abandonment brought on by too many dilutions and then the cherry on the top rs.
Of course I have gold and silver stocks. A few months ago I posted here more than once that gold had started a new bull market probably multi-year. Similarily recently I pointed out here that 402 finally has shown a pulse. I dont want the globalists to control everything but for some unknown reason nobody seems to care about what I think so I try to adapt to whatever and I live my life as best as I can. What kind of filming do you do ?
Been all over twitter today. I saw nothing about alts. IMO if Binance goes down for the count many bitcoin whales will be in trouble as so far they have been unable to find any greater fool to sell to except each other.
Binance stopped withdrawals of bitcoin until they fixed the 'problem' of too much congestion. Some people think the whales were treated differently. Its bitcoin so its just another in the uninterupted series of bitcoin-scandal-of-the-day.
Binance not letting the little guy out right now... If Binance fails remember what I said about rehypothication of bitcoin
Bitcoin broke down through the 50dma for the first time since mid March leaning a little more toward completing a shs top but still has support not too far away at about 27k which has held before and if that fails then around 25k.
Keep voting these guys in... what could go wrong?
https://www.engadget.com/the-morning-after-white-house-proposes-a-30-percent-tax-on-electricity-used-for-crypto-mining-095933394.html
I actually looked at the INTVD chart closely. Both daily and weekly are weak. I do not put much confidence in technicals right now because INTVD is completely different than INTV from my viewpoint therefore I do not think the technicals translate from the dead stock to the new stock. The biggest loss to me and guys like me is that we can no longer expect to make a quick trade and make 20% to 40% because the penny trading advantage is gone for now. When we had the stock moving with the other miners combined with the penny advantage this stock was a literal goldmine and now that is gone taking with it any incentive to trade it for now until some new incentive develops.
Can authorized shares not be raised at any time? I seem to recall auth shrs being raised once or twice before. I believe it requires a shareholder vote.
I'm closing biti out because I dont have a good idea of which way bitcoin might go from here but the chance of an explosion in either direction is increasing at this time so its a live to fight another day moment.
I respect your viewpoint and you got a deal.
Nobody can know the future. All my prognostications are just my idea of what the odds say What I see when I look at this stock is all the good intentions in the world along with the real world reality of massive dilution resulted in a stock price down 93% percent since the beginning of 2022 and over 98% since the peak in early 2021 regardless of and in spite of any growth in mining assets. IMO any more dilution could result is a stock price substantially below where it is now which is not rocket science and yet after all this there are still guys who apparently believe in this stock. Amazing.
How can dilution not be a problem especially for shareholders.. Dilution dictated the stock action before the rs running it all the way down to under a nickel. . Worse is when a company gets a reputation for constant dilution. Typically in order for the stock to go up it needs more people interested in investing in it Tactics like reverse splits and constant dilutions drive potential new investors away. HUT trades roughly at the value of its retained bitcoin and cash because of dilution and reverse split problems. It has a reverse split planned right now in fact. INTVD has little to no retained earnings or retained bitcoin value. IMO INTV stock is dead. The new stock is INTVD. It has totally different attributes than INTV. Continued destructive dilutions may drive the the stock price well under a buck. You dont see people rushing to buy this stock now that the per share data is pretty good do you? Unfortunately the reputation may have carried over from the dead stock.
One way I could change my mind about bitcoin future is if bitcoin big money can donate to enough congressmen. It would not surprise me to find out they have a good start on this.
You can look at my previous posts. For me probably the most importanf issue is that now the professional shorts (Wall St) has become fully engaged with bitcoin (adaption). Doesnt mean they are always short but Wall St banks have made a successful living by taking the retail money away from them for more than 200 years one way or another. There are many other important developments including new and developing technology that can affect bitcoin negatively I have already mentioned and the fact that there are more criminals than ever using them. A I is no doubt a huge help aiding and encouraging them. What bitcoin still has going for it is great P R but with absolutely no substance and even this is beginning to fade as we saw the current rally has not attracted enough of the public. Bitcoin has survived so far because it is irrelevant to the govt. If this changes the govt will destroy it as a trading vehicle IMO.
When you see institutional adaption in bitcoin understand that a good portion of those institutions are there to play bitcoin in both directions like I do.The only reason to buy or sell short bitcoin is to try to make money just like some guys on this board were trying to do with the previous iteration of INTV. While no govt has the power yet to kill bitcoin they can destroy it as a desirable trading vehicle and it wont be long before they will have to means to kill it. Quantum and neural technology marches on while bitcoin stagnates by design. Like I said the macro environment has changed since intv was a penny.
More adaption only means more reasons for the govt to go after it. They may not be able to kill it but they do t have to. They only have to male it uncomfortable to trade which they can do. When intv was a penny I was long with everybody else but I sold I the 70 cents area on the way up. The macro universe is completely different now