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Re: nwsun post# 62960

Tuesday, 10/17/2023 7:45:27 PM

Tuesday, October 17, 2023 7:45:27 PM

Post# of 63466
Not sure which chart you are refering to. Bitcoin has been moving sideways mostly. Not a lot of bitcoin for sale and not a lot of demand. So declining volume. Looks like it wants to build a head and shoulders top... I understand on some charts it spiked to about 30k in a very successful short destroyer the other day while my chart showed only upper 28k's so far. Those kind of moves are made possible because there are almost as many get rich quick shorts as here are get rich quick longs.. I don't bother to look at INTV chart because I do not see any future for the company mining bitcoin and I have asked this board many times to provide a little clarity on any possibile road to survival but nobody has an answer..... Seriously? I am not just picking on INTV, I feel it's the same for any small miner. Halving only about 6 months away now BTW, How long has it been since INTV upgraded all of it's machines? Not much talk around here about new machines for a good while now. Is there no point??? Anybody have an idea if/when the current 'clodder' becomes boat anchors? If bitcoin moves higher it will naturally attract more and more competing miners to come online and with the newest equipment. IMO small companies squeezed pretty much out. Darwin stuff.
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