It is about time ERHE comes back to life.
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.
New all time high for Meta.... ho hum. Really tough holding this one. lol
Hi Nowwhat2,
According to this post from earlier today, you were showing the line of 58,400. It looks like from your graph that BTC bounced off (or close to it) the 58,400 about 4 times in the last couple days. In the past, you had some pretty solid lines on the 60,000 line. Maybe that is historical resistance?
Anyway, now that BTC broke through both the 58,400 and the 60,000, what value will you move the resistance line up to now?
AP17 is correct.
For those out there who might be suckered by the BS being spewed about miners being shut down, you can always search for an active chart of the Bitcoin hash rate. This shows actual proof that miners are NOT shutting down. The hash rate is shown daily which equates to the total computing power on the entire worldwide Bitcoin network (mining bitcoin). It does fluctuate based on new machines being turned up and older, less efficient machines being turned down. Price also comes into play as more older machines get turned back on when the price rises as long as the net return mined is greater than the electric cost. There are many other factors that play in world wide but it all adds up to the entire hash rate across the not flat, planet. Some large mining farms are run in conjunction with power plants where the mining operations are credited to use electric power in low use times to even the demands with power production. Example in Texas where by mining operations working directly with utilities smooths out the power consumption and therefore there is less "flaring". Talk about a win, win. Better on the environment and lower cost power to all consumers.
I personally run multiple mining operations but also have connections to very large operations and I can personally confirm, miners are not getting shut down.
ap17, when government pension plans start publicly investing in BTC ETF's, we know crypto is here to stay. It is almost too funny how some still come back and say it is going to zero. Not going to happen anytime soon. There would have to be a superior crypto to replace Bitcoin which currently holds a 55% of all crypto's by market cap. And, there are thousands of crypto's that exist.
Thanks for posting relevant data that is important to digest for real analysts.
Vegasandre,
If positive news develops on ERHE, then there will likely be two possible outcomes (IMHO):
1) News comes out of an outright buyout of ERHE. In this case, no worries on your shares. Those shares will be replaced with $ in your account on transaction date.
2) ERHE could actually file to become compliant again. IMHO, only reason to do this is if some positive event is imminent. If they filed to become current, your shares would become tradable in your account.
GLTA
Seems to have decent volume on this spike too.
Actiontime, your post is spot on and my thoughts exactly.
The Germany/Mt Gox/US Gov selloff is helping create a dip/loading zone before the post halving run. Look back the last three cycles. There has been a nice pull back before the 3x to 5x run to peak.
Good luck all
Going into the second half of 2024 and Meta hits a new all time high and continues to head north.
Where did those lame posters going that were claiming Zuckerberg was in jail and meta was going back to $200 or lower?
Too funny.
Enjoying this ride.
Just so we are partly on the same page, your statements about China banning crypto being some kind of sign that bitcoin is doomed is far fetched at best.
The real history of China and crypto's:
Since the first release of Bitcoin in 2009, China has "banned" crypto 18 times in various degrees from various parts of the Chinese government. The most recent ban was in 2021 (three years later and it's still more popular... so much for that ban). None have been effective and China is still a MAJOR player in mining bitcoin, using bitcoin in trade (I have actually purchased items directly from China using bitcoin), managing mining pools, and finally.... they are the predominant producer of custom crypto mining machines. This is a huge revenue stream for China so they mostly look the other way.
But, if you still think this scares people, I am laughing at you. Watch out for that "ledge of the earth". LMAOAY
ap17, my thoughts exactly LOL. Stunning what they keep believing when facts stare them in the face.
Eli, for those who follow the 4 year cycles, bitcoin typically "peaks" 3 to 6 months after the every 4 year halving. The halving was April 19th 2024. It also usually goes up approximately 4X from the price around the halving. However, now that bitcoin is more broadly held, I believe some of the spike is priced in especially since the new ETF's. That said, I am guessing we have a few more months before the peak. It also traditionally pulls back before the big run. I think the ETF's are watering down the pull back to.
Good luck
I thought you would say 66,666 for tomorrow.... lol
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.