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Look at DPW and DIGAF as well. I forgot what is the address of INTV's mining rig farm?
I did too. I can't believe people are still selling shares of INTV. If INTV 3x their OS shares from 13 million to 41 million and from $6 a share at high how does the market agree that 0.02 per share is a reasonable sell?
Where did you come up with 210 million?
Most crypto related stocks did not have the same correlation when bitcoin ran back in April to June
Crypto really isn't doing too bad. It's been on this uptrend for the past four years at this rate and we are sitting at the bottom of the line. Go to tradingview search total and I think it is logarithmic and you can draw a line that is tangent to the low after the sec bitcoin ETF rejection, the low of dec 2018, and all the way back to February 2017 to 2016
https://www.tradingview.com/chart/TOTAL/uhIBim1D-cryptocurrency-marketcap/
Fidelity
For I have lost like 90% of my life savings holding all these cryptocurrency coins and crypto related stocks since the highs of December 2017 and January 2018. https://athcoinindex.com
Can't blame AW104, I am pretty upset myself with the serious drop in share price.
I think we bottomed
Well I'm feeling a little better seeing Digatrade up 50% today. Got ways to go but this looks like a start.
Hard to sell when the share price has fallen off a cliff. We are down 93% from the last high around 0.4 and 99% from $6.
When the cryptocurrency really is not doing that bad. Look at this it's been on this uptrend for the past four years at this rate and we are sitting at the bottom of the line. https://www.tradingview.com/chart/TOTAL/uhIBim1D-cryptocurrency-marketcap/
The crypto mining stocks have done terrible too. I have lost so much money on them too. I don't understand who keeps selling all the crypto related stocks at this point.
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That's how it feels man.
Another 8% drop today breaking bearish to the all time low. Thanks Mgti I have already lost most of my money, you really care about your shareholders from a 99.5% drop from $6 a share. The problem is this hobowilly, it's not so much the dilution that they have done, it's that we have nobody buying up the diluted shares so the share price has dropped dramatically.
This is ridiculous, another 15% drop in share price. I can't keep taking this anymore. I have already most of money in all the cryptocurrency coins and crypto related stocks.
I can't believe this. I have already lost most of my money on cryptocurrency related stocks and cryptocurrency coins over the past year and a half.
https://shortvolume.com not much shorting in digaf
Is Digaf still diluting or something?
Yes, I am getting frustrated now with the altcoins and cryptocurrency related stocks. It doesn't even make sense to be selling altcoins like bch ABC and eos more than bitcoin when the sec delayed a bitcoin ETF when the btc dominance is at 70%. People are acting ridiculous. I thought crypto was going to start rallying now after Bakkt launched since we were in a descending triangle pattern for the past 3 months prior with the high of btc at 13400 and now we are at 7900 and everything went the opposite. Intv is down 99.5% since the ath. I first bought shares of this back in May 2018 in the dollar range. Now we are at 0.03.
You mean B, billion dollar market caps for those companies
Ok I give up I can't predict what traders do with their bitcoin Litecoin and Ethereum at this point. I don't even think it's even rational to be selling all the major altcoins more than bitcoin at this point when btc dominance is 70% and it was appearing earlier that the altcoins were going to start forming uptrends.
Yes but I was referring to when a stock experiences no emotional excitement and for the past year and a half INTV has not had much emotional excitement. Tomorrow I think there will likely be positively emotional excitement induced into the crypto sector from the Bakkt catalyst. When INTV becomes emotionally excited there will be volume levels ten times higher than what the average volume is now per a day. This a positive event and many traders will not have shares of INTV and they will be buying shares increasing the bull volume. Investors will not even know or will not worry about INTV diluting because they are making capital gains and the diluted shares will be eaten up right away.
Who would sell this at 0.015 when Bakkt starts on Monday lol
Exactly
INTV ain't the only crypto related stock that fell off a cliff. MGTI $6 to 0.03. DIGAF $1 to 0.0035 DPW $4400 to $2. Look at the altcoins from all time highs there are many that are down over 90% https://athcoinindex.com/.
I don't know maybe there is more than 1 transfer agent. According to this Amazon only has 2315 share holders 2-1-2019 with a 900 billion dollar market cap. I am not sure if I even know what they define as a share holder. https://www.otcmarkets.com/stock/AMZN/security
You had my curious but I don't think for every stock is true after I looked up the number of shareholders of exxon XOM, MSFT, AAPL and WMT. Apple has only 27,000 whereas the others are in the 100000 to 300000 shareholder range. Why would apple be about 1/10 the the number of shareholders than the other big companies. Yet Apple consistently is in the top ten for most traded when you view the ihub home page bottom right chart with usually over 100000 trades. I don't maybe there are many bots that are trading like 100 times a day.
Yes and you know what i believe the bashers that we're on here probably stopped and bought shares. They aren't stupid, same thing with that Coinholio back at the end of March 2019 on stocktwits who was bashing bitcoin constantly everyday and then just quit a few days before bitcoin jumped to 13,000 from the 3000-4000 range
https://stocktwits.com/Coinholio
The crypto related stocks as well as bitcoins as well as the altcoins now selling off some so not showing much now in an increase in price so this doesn't look like a buy the rumor sell the news event probably because people are not believing that Bakkt is going to start on Sept 23 due to all the previous delays. So I am think that there will likely be a lot of rallying after the fact.
No, it is not because I think INTV is a scam or a bunch of penny stocks are scams. That is what I think, and I believe I mentioned this several months ago. My theory is this and it is not just INTV, I am referring to all microcap and nanocap stocks. I have observed over the past 5 years that penny stocks get big capital gains mostly because of emotional excitement and since there market caps are small that demand and sentiment fluctuate much more. The stocks fall dearly back to their levels from what was pumped to dumped.
The problem with most of the penny stocks I think is not that they have bad ideas or make that bad decisions it is excessive but not just because dilution, the problem is the timing of dilution. I think what needed to be done was dilute gently during the time for when the stock was going from no hype to hype. This way not only would the effect be more subtle to the stock share price but the amount of funds raised would have been a lot more U.S. dollar per share. So at this time then use the money that was raised during the time of the pump to build the company when the sector or specific stock has been dehyped.
But this is now the time that we are likely to see the crypto assets and crypto related stocks get pumped up again and it's just starting right now. Look at the major altcoins over the past few days, and I think the same thing is going to happen in a similar pattern as when the emotional excited during the time of the BTC futures and during that month and a half time frame a lot of crypto related stocks when up like 10 fold as well as the altcoins.
Who sells at 0.03? Geez man, it is not even rational to be trading this low. Intv has not diluted that much to go from $6 a share to 0.03. Bitcoin is only down 50%. This is down 99.5%. And today this drops 30% right before the big crypto institutional investor boom.
I don't understand, a 1.5 million share sell at 0.0028. We are right before the big crypto boom.
I think the s1 is good news. Read the 1st paragraph on business. They might be diluting the 5.7 million shares but it looks like they are using that money to increase their cryptocurrency assets. Btcs go buy more altcoins enormous rewards are starting to come. This Bakkt excitement I think looks similar to the bitcoin futures as well as the btc dominance. Bitcoin dominance is very high and fill in the analogy. Btc dominance high on dec 7 (ten days before the cboe futures). Bitcoin doubles in price by dec 17. One month later the altcoins surge and drop the btc dominance in half 35%. We know bakkt is going to launch on Sept 23. I think we are sitting right after the btc dominance peak and the altcoins will rally strong real soon. Not only that mid March bakkt posted on Twitter about 100 altcoins they are interested in.
June 25 resistance btc. BAKKT getting ready to launch in 10 days and I think it will have enough drive to break btc resistance and all these cryptocurrency related stocks and altcoins I think will start getting excited again. I'm guessing a ticking time bomb surge for the whole cryptocurrency sector stocks and coins with enormous rewards about to come.
Agreed. The investors selling their shares are going to kick themselves. Bitcoin will go up, but everything that is related to crypto or altcoins will go up way more than bitcoin.
Come on Digatrade go up already -20% today and we are sitting right before the big institutional cryptocurrency boom.
I am disgusted by this :(. -20% today and beloow the lowest level this whole year and we are sitting right before the big institutional cryptocurrency boom.
Yes before this skyrockets in September
Okay but this is my best guess, I think many crypto related stocks like INTV and altcoins are like ticking time bombs anytime between now to when Bakkt launches on Sept 23. Since it a known event the market will more likely boost share prices before the event even starts. I think this cryptocurrency sector is at the most infancy compared to all others sectors and most infancy stages have the biggest price fluctuations. I think that I am going to see some of the biggest capital gain ratios. Bitcoin should go up but why I say altcoins because btc dominance is already at 68 to 70% on coinmarketcap.com and after the CFTC and cme futures in dec 2017 the altcoins knocked the dominance down to 35% a month later and many altcoins went to 2 to 100 fold gains and since then people have sold many coins and crypto related stocks back down 90 to 99%. Also regarding altcoins look at the bakkt Twitter page back in mid March they were looking at altcoins as well and they posted a tweet with like 100 altcoins. So you might be kicking yourself if you sell INTV shares at 0.055 and miss out on what could be an enormous rally.
I think all crypto related stocks and altcoins are like ticking time bombs anytime between now to when Bakkt launches. I think this cryptocurrency sector is at most infancy and most infancy stages have the most pricefluctuations. I think this will likely be some of the biggest reward ratio I will see in my life. Bitcoin should go up but why i say altcoins because btc dominance is already at 68 to 70% on coinmarketcap.com and after the CFTC and cme futures in dec 2017 the altcoins knocked the dominance to 35% a month later and many altcoins went to 2 to 100 fold gains and now people have sold many coins and crypto related stocks back down 90 to 99%. Also look at the bakkt Twitter page back in id March they were looking at altcoins as well and they posted a tweet with 100 altcoins. So you might be kicking yourself if you sell mgti shares at 0.035 and you miss out on what could be an enormous rally.