Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hopefully bitcoin will consolidate a bit more around $71 - 71.5k level and allow miner prices to catch up.
Its funny that we are now super excited about a $2k move in bitcoin yet as a % its really not that much any more :-)
I think bitcoin was ~ $69.2k at close of US markets on Friday so thats $2.3k rise at current price, a roughly 3.3% rise and I see the miners in US pre market are up at most 6%.
Surely at some point the whole halving narrative has to be priced in and we start to see some decent geared moves to the upside for the miners because its not happening yet.
So I wake up to see bit on dumped to 67k overnight after holding up well at the weekend. Annoying.
Go for a shower and come back to find it’s 70k again. Not annoying 😂
Inflation figures tomorrow - could be an interesting week ahead.
If you are a bitcoin holder and a mother - looks like a good day ahead :-)
If people want to discuss wins and losses - use percentages.
Still might not be true but at least then there is no shaming or boasting about money.
Bitcoin made a nice move up over night - now seems comfortable at the last but one ATH level. Onwards and upwards as someone once liked to say.
"I have made 140 grand in 2 weeks Kpal on corzq and cleanspark"
Bowlers - there is nothing more sad than a person trying to boast about money - except when its a complete stranger trying to impress other complete strangers with nothing to back up the claims.
Not the first time you have done this and it just makes you look more and more sad each time you do.
Well this recovery in bitcoin price is certainly quicker than the last. Who knows - might make an ATH again this weekend once the ETF’s do their buying after today’s close. Time to dial back for weekend - have a good one everyone
It’s DAGB and here is a link to the ETF. Agree it’s a better diversity of risk than Argo and 25% of it are not actually miners. I sold my Argo and moved into this ETF instead as mentioned - you also avoid the f/x costs as it’s priced in GBP and on LSE - here is the link.
https://www.vaneck.com/uk/en/investments/crypto-etf/overview/
Well there goes several days of incremental gains up in smoke. Seems it’s going to be the same old whale games of pushing price out to liquidate leverage and then crash the price down to do the same to the other leveraged trades.
And we start again after the games have finished - until the next one. Rinse and repeat.
Bull vs bear battle going on now - but if the ‘dip’ end up being back to 68k - it’s a win - I’m guessing price discovery is going to be like this over and over again 😂🙈
Here comes the dump again - but higher highs and higher lows
Miners all responding early doors - let’s hope btw can take this break of 68k to ATH and start locking in some of these miner gains or will we get another rejection and back in the red in an hour 🤞
There has been $800m of net inflows from the bitcon etf’s in the last 48 hours yet the price has held steady. At some point the pressure , if it continues, has to make a lunge at the ATH again. There is a lot of liquidity at the 69k level so surely something has to give. Each time it does try for it the more chance of a lasting breakthrough , then the fun really begins as many of these chartists will be in price discovery mode with little to base their analysis on.
Not long now I hope.
What happens if they discover a new gold mine with 100 tons of easily mineable gold?
I love the fact you are trying to peddle gold on a bitcoin forum :-)
Https://farside.co.uk/?p=997
Net flows good again , $472m - it just got updated.
General markets awesome yesterday yet even with the inflows bitcoin struggling to pass resistance in the 66-68k range.
Still the miners not really reacting - I’m guessing the dilution is continuing but surely , like grayscale dumping, it will reduce soon and we might see a good bounce for many
Https://investor.bitfarms.com/news-events/press-releases/detail/230/bitfarms-reports-fourth-quarter-andfull-year-2023-results
dumped 10% after results came out this morning. I dont follow them so do not know why but seems sentiment on miners generally is poor again today with main markets all healthy green.
btc tried for 68k but immediately got pushed back to just under 67k again as it has been for past 24 hours. Seems to be being 'held there'
I thought today was going to stay boring with btc stuck in 66-67k range for the last 24 hours but the open has surprised me. Might be a bit more interesting after all if we have another run at ATH :-)
Cipher Mining was up 27% yesterday btw - so there is some movement in some of the smaller players. (Its only 3% of the blockchain fund Im invested which is why I even looked it up so not a huge impact but every little helps :-)
Who knows honestly - the model seems slightly broken at this point - you would have thought halving would add to the supply shock.
I just got a feeling that a sovereign wealth fund or a billionaire is going to be revealed in the short term to be piling into bitcoin and it might be whats needed to kick this to new ATH.
Inflows to ETF's were good again yesterday - Grayscale continues to bleed but bitcoin seems to be consolidating again in the 66-68k region. Not a bad thing probably.
Going back to the miners - once the ATM dilution bleed stops- might get a short squeeze on many of them, before we even get to the halving so watch out for that.
Mara is down, much like many of the others, on the ATM dilution - its shares outstanding have gone up 45m in the last few days. Hopefully they are nearing the end of their $1.5b sale.
Thing is if they use that money in revenue generating purchases the dump in the price will come back pretty sharpish - Im sure in the March mining figures not only will there be an uptick in mining numbers and associated revenues due to a high bitcoin price, but also a huge uptick in their war chest - then you might see a pop.
Comek2 - I also ask you to re read what I put. If it were not for others who "saw the light" and managed to convince me - I would have lost more money. I'm paying it forward as they say.
I also post links and other info for discussion in the related sector as there is little else news wise coming from Argo to discuss on here. If you don't like it or it does not interest you - filter me but I will not apologise for trying to stop people losing money.
Im going to leave this subject there - you either see it or you don't. What I am not doing is shorting Argo or stock picking - I moved my money from Argo into a more diversified 'blockchain' fund called DAGB.L which has had mixed results (non miners up, miners down) - I also bought a bit of Mara on the side - I've been pretty transparent about that. I will continue to just sit on it now and just wait for bitcoin to do its thing - Im not a trader.