It is about time ERHE comes back to life.
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I haven't seen your stalker yet but your posts stand for themselves and you being "right on" is a stretch IMHO. You are basically claiming the "end of the world" is now and I am guessing you have been stating that for years. I could be wrong.
Serious question Grace.... Are you a flat earher?
When you add up all Assets Under Management of the firms/funds that got approval for the ETF's, then multiply by 3%. That is my approximation of potential money to enter the crypto space via ETF's. I don't think it will be overnight and I can't speculate on when it will be complete but the more adopted crypto gets, the more likely it becomes a percentage of assets managed. I believe just the managers that were recently approved for ETF's had $17trillion of AUM.
So you are calling 64K the next support?
By the way, I was expecting a much farther pull back before the halving later this month. However, I think the effects of ETF's are now softening the corrections. There is too much money still waiting to enter the ETF's (IMHO).
Not to mention, this has been the historical pattern for Santo. Dilute to max, split, repeat.
Buyer beware. It is all in the history if you do your due diligence.
Hey Kick, glad to see you are in Meta also. This is fun. I have been in Meta since $44/share. Not bad.
Expand your knowledge and your thinking....
Actually there is nothing wrong with posting the fact that Zuckerberg sold shares and exactly how much. He has been doing this for Years. Just like Bill Gates with Microsoft and the owners of Walmart. They will schedule steady sells as to not "trade on inside information". It is the only legal way they can sell portions. I expect them to sell shares. Yes, the amounts sound huge to the average investor but they still maintain controlling interest in their companies and can continue to live their lavish lives. Again, no problem with that.
bummer and we are only up 3.5% today. Keep em coming zuck!
Now this is more like what I expected as a bounce off a test of the all time high. I don't know where that next support level is (the chartists can chime in here) but I did hold back some powder to enjoy the run up in April (halving). In previous cycles, this is a very volatile time and we haven't even hit the halving yet.
I may try to pick up some of the new ETF's under 60k.
GLTA
Different exchanges will have a different amount for BTC all time high. But on 11/10/2021 the amount I see listed as ATH is $69,044.77.
It looks like we will test this amount today or tomorrow.
Very impressed with the strength of this push up. I thought it would bounce harder against the all time high and pull back to low 60's.
This may be the softening affect from the ETF's. Wall street doesn't want to dip too much. lol
My guess is that 3 - 6 months after the April Bitcoin halving, BTC should well exceed $100k (that is extremely conservative compared to previous cycles). The miners usually have their runs after new confirmed highs are reached. I would not be surprised to see RIOT and MARA well above $100 this year.
Good luck
there you go claiming the sky is falling again. Each cycle run up gets your dooms day rally posts. In the last crypto freeze time you were claiming bitcoin could not even hold $8k. It is now over $60k in this cycle and the post halving run hasn't even started yet.
By the way, coinbase's website has slowed to turtle speed or even halted MULTI times in the last cycle too and yet it still exists. I should know, I tried to buy more when bitcoin was screaming between $12k and $16k.
Nice post LJ-Bodhi.
In addition to what you posted, keep in mind that there is a convertible floor of $1.50 on the existing warrants and therefore, the warrant holders have a very easy arbitrage gain to short this from what-ever price it is above $1.50, down to $1.50 and then exercise to cover the short..... This stock will, AT A MAXIMUM, at least be driven down to $1.50 by the large quantity of shares held by warrant holders.
Bag holders beware of the facts.
Good luck
Well you were saying sub $200 a couple months ago so at least you have doubled the valuation in your head.
Still shorting this? Or did margin calls wipe you out?
Unfortunately, I have to agree. This stock had great potential as Bitcoin will ramp up post halving. The reverse split absolutely killed the trust in this CEO. Clueless is as clueless does.........
Just kidding on the best post...
I do like logic and appreciate any backed analysis or projection.
I have been following bitcoin since about 2015. I follow the cycles carefully but don't bank on them. To me, this seems a little early for the 2024 halving cycle ramp up. I was expecting this to take a healthy pull back to around $25k if it mimicked the pre-halving in 2020. Using logic, I think the recently approved ETF's are messing with the historical patterns and providing more support than the past. I also see the new Wall Street money may dampen the upside after the halving too but not by much. It may actually do the opposite as the FOMO may be exaggerated if you think of the new inflow of let's just say 3% of the $17 trillion in portfolios managed by those brokers.
I still see this years peak to be in the fourth quarter so lots of room to run.
Your best post yet.... lol
Checking back in at your short call at $453. How's that working out for you?
Wow, your call to short yesterday didn't age well ($453.50 at your call time). Up $16 so far today, currently at $471 and heading up. I think you should continue shorting.....lmao
Actually, this one looks like it will fall below $1.50 this week. I am watching from the sidelines but I see no bottom coming yet.
Good luck to those who choose to hold.
The earth is flat in your world too, correct?
LOL! and it's at an all time high..... keep it coming zucker..
wow, what a day and nicely done on beating estimates.
Does anyone know if someone can purchase one of the new bitcoin ETF's from a schwab account? If so, what tickers are available?
Hey Scotttrader. Be very careful with this one. They are diluting way more than INTV and it is chinese owned so they do not care about shareholders of this US security. They will dilute unlimited shares to cover costs of machines and operations. then they will pay out the bitcoins to the chinese owners whenever.
At best, play the momo. However, I think there are much better mining plays out there.
good luck
Due to toxic financing and a Chinese scam company, the price will continue stair stepping down to at least $1.50 as that is the floor in the warrants issued. They will short it to this point whether shareholders like it or not.
Good luck.
Sure. I am up way more than 200%
Go Meta Go!
Profits to the MOON!
how do you find information on 3100 bitcoins hitting coinbase?
In all seriousness, $100k+ will likely be 3 - 6 months after the halving in April. This would follow the previous 4 halving cycles.
However, with the new opening opportunity of the ETF's, this may artificially create more demand prior to the halving. This is all dependent on how soon the institutional money managers load these new ETF's with a certain percent of clients model portfolio. This will create more demand than Bitcoin has experienced in it's lifetime.
We shall see.
The floor given to warrant purchasers is $1.50. Therefore, they can short it all the way down to $1.50 and make an arbitrage gain.
Play the momo but watch your stops
Wow, starting to digest the news as all the individual funds will now PR their ETF approvals. $50k may come sooner than I expected.
So, after the reverse split that just took place, Warrant holders can not sell below $1.50. I think it will have to at least touch that amount before the new bottom is in.
Careful with this one. Maybe play the momo but too many red flags for a serious investment.
That is a good point about new teen safety features still fall short. I first, am glad they are at least working on the issue. Second, there is probably always room for improvement. But ignoring this issue would have been wrong.
This is where the real new demand will hit starting tomorrow. Today's action is all speculation. I think $50k in the next few weeks may be easy.
This will be fun to watch.
Wow, your post isn't aging well. Over $370 today. I am all smiles
1 for 1000 Reverse Split announced today. Should be completed by 1/10/2024.
Looks like the traders are leaving early for the weekend. I am still waiting for the reverse split to take it's price gouge out.