Member Info for bonker99

Buckle-up :)

Nice move to $40.4k

That depends on whether they can manufacture another wave down to c$1,750 on Gold on some BS deflation/higher rates narrative.

If it isn't here/now then it's there/then - I can't make it any simpler than that but there's no guarantee the above happens so I would expect money to arrive here/now and dip buying going forwards, the curve back up to much higher SPs is all but guaranteed IMO.

Gold is currently heavily oversold on the hourly - I'm not, personally, expecting a red month on Gold/Silver for a good while yet - the Summer usually gives Gold its best/biggest rises, even in "normal" times.

I don't see this breaking 700s regardless of what happens.

You couldn't be more wrong about the US & Western govts not wanting their currencies to lose value - it's a race to the bottom now as China is, and will continue to be well beyond our lifetimes, The Boss.

If you want to export to the new consumer base over there, i.e. actually have jobs in your own country, then you don't want a strong currency - have you seen the US trade deficit? Truly jaw dropping and it's widening apace.

They have to kill the Dollar and everyone knows this.

Gold/Silver/miners will be manipulated as always until the very last moment but if you've bought within 5% of the bottom of a two year+ supercycle then you've never had it so good.

Stop sweating the dailies.

Nice move.

lol, just a tad yes ;)

Also, there's a "large short position on BTC" vibe doing the rounds - perhaps they're setting up a WSB type short squeeze narrative for when they drop the bomb.

Morning.

The consensus opinion is that Saylor will have his $500m(+) to hit the BTC exchange(s) with today so keep em peeled.

Re Gallileo et al - Elon would love that comparison - most/all of those guys ended up in the public dock for one reason or another, it kinda goes with the territory.

The current renewable energy portion of BTC mining energy expenditure is c39% so that's not a big gap to fill.

How is that 39% affected if China goes offline?

BTW - if it ever came out that he has got a position here then you'll likely not get in under a fiver IMO.

I'm sure taking a position in a major BTC mining company who has the kudos of having already announced their big new green energy mining facility in *cough* Texas *cough* has never crossed his mind.

There it is.

"When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions."

https://twitter.com/elonmusk/status/1404132183254523905?s=20

No :)

I'm sitting on hands for at least the next few months. My target is £14/£20 and I'll get it too.

Brent @ $73.23

I don't think it's the share that has the problem.

Ready?

Let's find out what time it is - now.

Judging by the number of comedy "female" BTC twitter accounts that have followed me recently I suspect the SM army is being re-modelled for the next pump - keep em peeled :)

#ARB $ARBKF Added over 1 million @ArgoBlockchain shares to the tracker today (in Bold).

Mostly from @StateStreet funds linked to @MSCI_Inc indices.

Note Class C couldn't be verified, awaiting update for $SSHGX

#StrongHands

https://twitter.com/mikk2k2/status/1403305842800222212?s=20

Intraday Bull Flag breakout - let's see if they can get BTC to $40k this PM.

BANK FOR INTERNATIONAL SETTLEMENTS' COEURE SAYS EL SALVADOR ADOPTION OF BITCOIN IS AN INTERESTING EXPERIMENT

If you don't know who the BANK FOR INTERNATIONAL SETTLEMENTS (BIS) is - they're The Man.