Member Info for Blubay

@spinvet - “Just checkout the daily and weekly charts over the last four months.”

I’m looking, which bit is supposed to tell me the breakout will be down and which bit tells me there will be a year long bear market?

Would you care to share the details of your evidence for this hypothesis?

...isn't there a flaw in this analysis to measure income in $ (at current reduced BTC price) rather than measuring it in BTC (which is held, pending future rise in price)? What was there assumption about the value of BTC at end 2021 and end 2022? How can operating profit be £33.3 million in 2021 and then £38.3 million in 2022 if BTC is then x2, x5, x10 the price?

I wouldn't get on a plane to listen to Ron Paul

yep, that's my point :)

It baffles me why anyone wastes the time of day trying to decipher his vagary. If they buy or sell stuff I'm interested, if they post emojis I'm really not.

Volatility is reducing but it's narrowing downward as it bumps along a resistance line around $36k. Hopefully that horizontal is a firm floor for the next up cycle but if it continues to knock at that door there's the obvious risk it might break out below for another weekend shake-down (if it doesn't find sufficient support there in low trading or until good vibes come from the conference).

Robbing Peter to pay Paul...+/-?

11:38:54 21.30 1,250,000 Buy 21.00 21.30 266.25k
11:38:43 21.13 1,250,000 Sell 21.00 21.30 264.06k

09:33:28 21.30 234,704 Buy 21.00 21.30 49.99k
09:33:28 21.30 -234,707 Buy 21.00 21.30 -49.99k

09:33:28 21.30 234,707 Buy 21.00 21.30 49.99k
09:33:28 21.30 -234,704 Buy 21.00 21.30 -49.99k

No divides, I just think, ideally, we wouldn't want that news to land until after the big seller has completed their trades (which hopefully is this week). If there's an unobstructed run at it then the SP will get a bigger boost from the announcement, and phots when the bit has hit the ground is probably bigger market impact than a planned date that might run into minor delays. My guess is quiet until that seller is done and the London half-term holiday week is over.

They literally Tweeted the day before yesterday with that newsletter update, confirming the 'biggest news for HE1', the rig arriving on site and imminent commencement of drilling.

@MyLuck - just a personal opinion but I think anything under about 170 is probably a bargain if you're thinking of holding them until after the summer or longer. If you're just trading for a quick return then it's pretty volatile and tricky to judge just on a day basis.

"In the past 10 days, the combined total of Bitcoin’s ‘whale’ addresses has grown by 50,000 BTC"

"Bitcoin is more likely to resume appreciating toward $100,000 resistance rather than sustaining below $20,000. "

One of our locals goes under the banner of "Roy's Rolls"

Probably they are de-risking/splitting their gains from the initial investment here prior to drilling, or to fund another project, or to buy Bitcoin on the dip :-)

I think it was US retail response to negative media coverage of the RNS

When there’s low volume trading (between US and European markets being open) seller effects are larger. It’s really not a big wobble in crypto context and the trend remains broadly horizontal. I’d imagine the SP will do similar in the 150-160s until there’s a more significant turn. That’s a great position as it was recently a third lower at the same BTC price.

Or buy in tranches to smooth your risk.

*this

@Noob - they really don’t Tweet very often, every few days when there’s a bit of news. If I was them I’d also let it his seller play out before wasting positive news on suppressed market.

@TRSA - what is it you don’t understand? SP is steady but there’s quite a lot of buying, it’s being balanced out by a large seller disposing shares in batches every day. Once that plays out the demand should start to outweigh, hopefully that’s sorted before the drill news (it’s also possible that seller has agreed to play it out in this way, to avoid a sudden drop or competing with the drill news). We’ll see.