It is about time ERHE comes back to life.
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I will be holding for several more years as long as this remains a cash cow.
I seriously doubt last years gains will ever be "gone" as you suggest. If you feel that way, you should short it. Good luck with your strategy. I'll stick to mine.
Moneyman, well said. I am in the exact same camp. I promoted and supported Steve's decisions in the past and was very positive on this investment. I don't know what went off the rails for Steve but the reverse split was the final straw for my vocal support of his business decisions making capabilities.
If he stops diluting and gets fully up and running with all mining equipment AND doesn't sell all the coins mined, INTV may have a slight chance of recovery on the next huge BTC price spike post halving. The business MUST be fully mining at this stage of the cycle for it to compete with other miners and turn a profit (above paying himself an outlandish paycheck for what he has accomplished, IMHO).
Good luck to all that hold on.
Gap up in the morning. Happy New Year MARA
I am curious Trunk. What do you mean by his day will come (response to Kick buying full bitcoins, etc.)?
I see great potential in 2024 for bitcoin (and many alt coins).
In January, I expect the SEC to finally approve a group of ETF's which will likely bring a substantial demand to bitcoin with a few %'s of $17 trillion in assets to be moved into this sector over time (that is only from the US). This also has a huge potential of lowering the volatility with the institutional investing.
In April, is the Bitcoin halving, which lowers the fixed supply entering the market.
Historically, the halving cycle usually peaks the price of Bitcoin from 3 - 6 months after the halving. I estimate November of 2024 to be the peak of this next cycle.
This leads me to believe "Kicks" day will come where the crypto portion of his portfolio will have a substantially good year.
I suspect the reverse split will happen in the next two weeks. Most likely next week in my opinion.
Once the warrant shares hit the outstanding, you will see the market cap is not out of whack. The problem is that this chinese management is following a pattern of toxic funding so we can no longer rely on the shares outstanding to calculate a reasonable market cap.
If you think it is artificially inflated, maybe you should short META. Put your money where your comments are.
I think META is undervalued and therefore, I will keep my investments going. Thanks Zuck!
As for social media causing widespread mental health issues, I don't really doubt that for a minute. Social media was a new thing in the past 10 years that caught on like a storm. There will always be new things learned, abuses of any new thing where available and people trying to exploit people for money. There is no difference in social media and any other major shift in technology or attractions. I am not happy about it and I truly hope META and all other social media platforms work on solutions to the abuses. However, from an investment perspective, I am not going to throw out the baby with the bathwater. Social media has brought about availability for many people to connect around the world. It connects family, friends, classmates, people with common interests, you name it. That is why there are BILLIONS of people on the platform. I am invested in the revenue streams created by the advertising potential plain and simple. Until the world finds a new toy, I will continue to profit from my investment.
Good luck on your shorts
poor greeny. Missed the boat on this one.
Look at that pretty one year chart on META. If that is losing... keep it going Zuck, your doing a great job.
LMAO
Just to be clear, Kathy Wood/ARK investments is liquidating their GBTC position as ARK investments has an application in for their own ETF. This is a HUGE good sign that the January 10th date (about) the SEC will approve the group of applications. Kathy Wood simply is moving out of the bitcoin trust area over time due to the amount they hold, to have the cash to create their own controlled ETF (why pay another fund manager fees for your clients??). If there wasn't a 90%+ chance of ETF's being approved in January, Kathy Wood would not be selling any.
The people bashing on this news are simply clueless.
Keep telling yourself this.....
And only down 20% today....
Reverse split coming. Then tank.... then maybe rebound (dead cat bounce for the chinese scam company printing shares)
true statement
I hope those that "averaged down" took some off the table for the reverse split. It's all in the filing whether you believe it will or not.
good luck
This is only running in one direction.... down. Now that it failed to break .01 for 5 consecutive trading days, the reverse split is activated. Good luck for those to try and hold on.
Reverse split is now locked for 5 consecutive days closing below .01. This is a pure shame and I feel sorry for those sucked in.
This is a chinese scam trying to dress this pig up as a legitimate mining operation.
Due to questionable financing and splits going on makes this too high of a risk to evaluate compared to other mining operations (MARA, RIOT, HUT8, etc.....).
There are just way better options out there. However, if you are looking for a dead cat bounce, I still think that may happen well after the reverse split which I believe will take place next Tuesday.
And yet it is still green. Keep up the good work META. Merry Christmas everyone. Looking good here.
Well, Meta seems to be continuing to run in the green. Maybe you should have jumped in.... lmao
Yes, I was here for the plummet. And it has nearly recovered completely. It was a golden opportunity to add. This is simply a cash cow that has huge upside in the future. Take the cry baby politics out of the analysis and enjoy the ride.
Still got a grudge against facebook huh. Too bad for you. You can call this a scummy ticker all you want. I am laughing at you. Take a look at the one year chart on meta. Just a beauty. Was below 150 a year ago. Now at 331 and with an awesome trend line pattern. This is one of those tickers you can buy and ignore.
Come back in 6 months or a year and enjoy.
Good luck on your investments. You seem to be afraid of winning.
It's not just that the price is trashed, the volume is absolutely gone. This is what a reverse split does to an OTC stock. Not even MOMO players will touch this now. Sad
then why would you hang out in a "house of cards" as you state?
I'm investing in a huge corporation and it's making me lots of money.
I see you are into conspiracy theories. good luck with you investing. LOL
Hey, your back. You said this was going to $100. It's still going up no matter what you spew... lmao.
Unfortunately, I have to agree with you. Will look elsewhere to invest in crypto miners.
Oops... you just ignored yourself...lol know nothing......
Hey trunky returns. Now that Bitcoin has gone up to a new trading zone, he is back to claim its trash, scam, pyramid,....... Trunky was claiming the same things during the last crypto freeze when it traded around $4k - $8k... Now it's starting to ramp up into 2024 halving (April). Then 3 - 6 months after, BTC should at least triple it's last cycle all time high. But, hey, for trunky, he is still waiting for it to hit $100 again. lol.
Good luck
I was truly hoping that the CEO's political rants would diminish over time. I invested here for the crypto industry and a up and coming mining hopeful. I don't care what side of the aisle a CEO hangs out on but they would be wise to separate their business from their political views. The deeper he goes, the more he cuts into 50% of future buyers. Why do this? It does not make business sense at all. The crypto industry is world wide and isn't contingent on ANY government. That is one of the huge benefits this asset.
Now mix in a stupid reverse split and........ well, look at today's volume.
I have seen multiple sources state between 1/5 to 1/10. I think Forbes said most likely 1/10.
His last pump didn't even go above .0002. Didn't he have Crypto ATM's in some foreign country? Guess it didn't do to well.
I think many of us had high hopes for INTV. The reverse split was a kiss of death. Always has been. Always will be. Without the reverse split, the share price would be somewhere near $10+ in today's post split pricing equivalence. That is with no news different that before the reverse split.
What I can't figure out is, did Steve just get bad business advice from someone? or did he get greedy and do this for the preferred/convertible shares for himself?
So if the Hangseng pulls down BTC back in to the previous zone, will it likely test $36k again?
So if the Hangseng pulls down BTC back in to the previous zone, will it likely test $36k again?
Nice list to follow. I own a handful of those but RIOT and MARA are my two favorites for similar reasons to what you posted. Once we hit the next halving rally (2024) both should do really well and should easily take out their respective ATH's (IMHO).
Good luck
Now that BTC has broken through $38k resistance on what looks like good volume, does this now look like possibly support for the next leg up?
And he already set such a low bar........
Where did all the pumpers go on this one?
Trading at .000001 again I see. Don't worry, I am sure Frankie's reverse split will help the liquidity situation.
Your posts are not aging well. You were screaming bag holders to people back when META was $288.70. It's been on a pretty steady climb ever since. Hovering around $340 now. I would say those were some lucky bagholders....lol
Today just marks another good opportunity to dollar cost average in. Sell the news is happening which provides the liquidity. If you are even semi-long term, where do you think BTC will be in January when a group of ETF's are approved. Then 2nd Quarter halving around the corner.
SBF was a straight up fraud and he should go to jail. There will be no pardon as he bilked Billions of dollars.
Also, if you do the research, SBF donated approximately the same amount to Dems and Reps (according to his interview in Nov 22). For Dems, he did mostly through PACS. For Reps, he did mostly through dark money (his words). In my opinion, he was not being political but just trying to buy influence from all sides.
I hope all donations from SBF get clawed back as it wasn't his money to give.
The good news is that the crypto market is not getting affected at all from his Guilty verdict. He is really about fraud and not the crypto market.
That is a funny definition of "no one". The latest released data is 2.895 BILLION monthly active users are on facebook. Hmmm? no one...... I guess you could say all those users are "cheating on their spouses" but I kind a doubt it.
It's called a cash making machine. You can try and fight it all you want but companies keep advertising where the users go. Don't fight the trend. Just ride the cash wave.
Unfortunately, you are correct and I was a bag holder for years. I eventually got out on another scam run but feel bad for the others who became bag holders here.
I am all for people making money but think it is much more beneficial when the companies being invested in, actually make a profit for everyone to gain. Frankie is a proven scammer and continues his deceptive practices over and over. The good news is that each run is getting less and less in height and volumn. People are looking for legitimate opportunities vs scams.
Buyer beware here.