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Looks like NIA recommended this stock last week. I picked some up. Hopefully that will continue.
Miners that were barely profitable in the 30-40k range will either store bitcoin until they can sell it higher or take their rigs offline. This will dip the difficulty some and level out for some miners who can float the bear market.
The question is, will intv have to dilute again to survive until the next bull cycle?
Intv peaked at $6 with 15mil shares back in 2017. To make it through the bear cycle intv diluted to 150mil shares and we saw the stock price hit $.60+ last year, so the math adds up. A higher bitcoin price and the halving just about equaled out, so we were able to peak a bit higher than in 2017.
Now we're at 205mil shares outstanding.
Watch the share count and the bitcoin price during the next bull run to estimate where we'll go from here.
This doesn't account for miner numbers, so there's still some math to be done.
Why are you even on a crypto mining stock board is you don't know how and why miners put operate?
Miners secure the network transactions, process transaction onto the blockchain, and mint coins into the economy.
Maybe go watch some YouTube to catch up before wasting your time making terrible posts.
We know the trend for the year still looks to be up, but for these bitcoin related stocks, they only move up with a over confidence in bitcoin. Once we see bitcoin jump as supply shock sets in we'll be back to mooning.
The best bet is to accumulate when it's this low.
How low before you buy back in? Unless you have some real proof that this will be suspended.
NIA just announced this on their email newsletter. Expect substantial volume.
He had 800 calls and now only has 500. That's where that 10mil in cash came from. He's not getting out of this with nothing.
That's not a good argument though. The last bitcoin will be mined in 119 years. ??
You'll be waiting a few months. Bitcoin bull cycle peak is always X amount of days after halving with a +/- 2%. That puts us to September.
People looking to get out of positions so they can enjoy Saturday night out without looking at their phone. Then they reup positions on Sunday.
You do have to take into account the halving. Miners are getting paid 50% less than before. However, miner count is up, and the financials are in better shape. The overall bitcoin outlook is also stronger, and less risky.
This will be an epic year for all things crypto IMHO.
I think it all has to do with power supply and cooling. If you can keep the miners in these and cool them easily they will maintain performance and profit.
If you try and add all the additional miners to the current setup you'll likely run into power issues and of course heat.
I ran a 12 card miner back in 2017/18 and cooling was the hardest part. The winter was great but once the summer hit your profit declines greatly without adequate cooling.
Def agree with that valuation. Compare $riot with 10x machines, and half the float, and it's trading at $80.
That math tells me $4 pps is not insane like some would think. That would value us closely with another miner after adjustments.
Very exciting times to be in the market. GLTA!
I haven't looked into their share structure so can't comment. I'm really optimistic that we could def blow past our ATH once we hit parabolic fomo. We might see several up and down cycles and breakout to the moon if bitcoin goes wild. There are also several altcoins intv mines that are also doing very well.
From analyzing past performance and adjusting for dilution we should be sitting at $.60-.75 already, and with news coming Tuesday and bitcoin flirting with $50k we absolutely could see multi $. Very exciting time for crypto and crypto stocks.
Also accepting taxes, fees, fines, etc in bitcoin.
It's only a matter of time. Bitcoin is just starting and Miami just became the first municipal to accept taxes, fees, etc in bitcoin, as well as pay their city employees if they so choose.
We're not even to the Google search volume for bitcoin that we were in 2017/18. So far this run has been all institutional accumulation and retail investors from the last bull run that knows what's up.
Exciting times, GLTA!
Someone bought 550,000 shares at 54 rocketing the stock to 81 and a halt. Maybe we won't see <50 today.
I smell fresh fish.
If I were a shorter right now I'd be exiting positions yesterday!
I would like another shot at the sub .05 to accum before bitcoin really runs this year please!
They're only hunting short squeezes because it's lucrative. They're not just pump and dumping.
How many shares? I had a pre-market order for 50k shares that morning through my 401k.
If all the currencies that the dxy compares are being inflated how does that correlate to the strength of the dollar against everything else?
I thought the CPI paints a more related picture.
Do yourself a service and research crypto more. It's def not going anywhere, ever. There's just too many use cases and things are just starting to heat up.
Exactly. You mostly see doubters when someone wants a dip to pick up cheap shares.
I had an order at .04 just hoping it would dip long enough. Nope.
Agreed. I know I was back in 2017. Not missing the boat this time.
The stock literally traded along side crypto movement. That's not a scam, it's a coat-tail rider.
Mining from your phone will result in zero bitcoins, so good luck!
Interesting. The $5 pump however was in 2017, and it wasn't newsletters or any other BS that caused it, it was bitcoin. Although the previous dealings are questionable with old actors who don't take part in current operations, the article made it sound like the pump operation in 2015 reached the $5 PPS.
I was here for that action and I'm still here for what's to come.
Everyone's here because of the crypto bull run, but because of some news release.
Ethereum running hard part ATH helps too.
Can we please dip some first to fill my orders!? ??
It's also not a loss until your sell order closes.
They know the long term outlook, and it's going to be fantastic.
Track them all here:
www.coinmarketcap.com
The top 100 bitcoin wallets have accumulated A LOT in the past few weeks. That's a very good sign.
I rode that ride. What a fun trip!