It's interesting to watch the media when it's something you know more about than the reporter. When you know the pros and cons of the argument and the presenter only gives one side - it shows either the reporters are clueless or they have an agenda.
It has certainly made me realise that the main outlets rarely give the full picture.
I'm not actually sure where you're meant to get unbiased news from - maybe there's no such thing.
chaoticcharm, we get a lot of "professional" de-rampers on this board (no qualifications necessary), and also a lot of strange people who come here for attention. I don't think you're either of these, but also don't agree with your analysis and price targets. Ultimately the next significant leg up here will come once (if) BTC resumes the bull run.
Kozzi, Yes, they diluted - wrote that in my post - to get the higher level of listing. Teawithsugar - yes I mentioned that they dropped post uplist. But more importantly do you really put sugar in your tea??
So that's HUT8 now uplisted, Bitfarms mostly approved awaiting one last thing, and HIVE approved.
Must be Argo's turn soon!!
HUT8's uplisting has been lacklustre and resulted in a drop. Think this is mostly because they did a dilution just before they went live - think this was so they could qualify for the higher "Global Select" tier - which required a certain amount of cash on the books and this dilution got them there (at a large short term cost - don't think they handled it well). I still think over time they'll go up, but I have taken a mental note that uplisting doesn't mean instant share price rise.
I think the market is always jittery!! I see the market as dumb money vs smart money. Dumb money always loses, but like a casino the dumb money has to win sometimes, to keep them in the game. I certainly don't think I'm smart money, as I've made bad investment decisions in the past, but with Argo I got lucky. Anyway my point is you're generally better not to do what dumb money is doing. However no one has a 100% success rate. If you're up overall you're doing well.
Means nothing, it's a lagging indicator. I've tried moving average crossover strategies before and they don't work. Just because it has a marketing friendly name means nothing. No one knows which way BTC will go, you just make your own mind up and position accordingly.
Yeah I was really surprised, I thought it would rocket, but then watched it drop down. They had just issued $100mil of new shares just before uplisting, so that won't have helped, but don't think that explains as still a low volume... I wonder if it takes time to get listed on the broker platforms. Otherwise it's just not known about in the US and will trickle upwards over time. Guess we'll see what happens over the next few weeks, whether it moves up towards RIOT/MARA market cap, or stays at a lower value.
A run up to 86 would be very nice indeed. At the fundamental level there's been a lot of positive developments and the El Salvador news was really a step change for bitcoin mainstream acceptance. It does seem the ingredients are all there and it's just a matter of time now....