Member Info for K3VMC

DSFLAT

$2bn here, $2bn there. Do that a few times and you’re talking about a lot of money.

A little short squeeze would be nice.

https://markets.businessinsider.com/news/stocks/cryptocurrency-adoption-us-most-prepared-country-bitcoin-atms-2021-7

“ The US ranked first among 76 countries as it landed a total score of 7.13 out of 10.

Looking at crypto ATMs, the study found the US had 17,436 such machines, far outstripping Canada, which had the second-most, at 1,464. The US has the most crypto ATMs per capita, at one for every 19,023 people. The UK had 200 ATMs for cryptos, resulting in one for every 333,984 persons.”

https://coinmarketcap.com/alexandria/article/30-reward-for-every-el-salvador-adult-who-downloads-government-crypto-wallet

“ Making Assurances
The president sought to assuage fears surrounding the imminent plans to adopt Bitcoin — and insisted that the new app is secure and its use is optional.

Bukele also revealed that the Chivo app will pave the way for Salvadorans working abroad to send funds home to their loved ones immediately — without having to spend a minimum amount or go through an intermediary.

Elsewhere, the president said that pensions and salaries are going to continue to be paid in dollars — and he rejected claims that Bitcoin is designed to replace the fiat currency as “a falsehood and an absurdity.”

misterbeck

Mainstream FUD. Bitcoin doesn’t have to compete with the USD as an everyday currency. All it needs to do, is allow the $5bn remittances from the US to arrive instantly, cheaply, directly into the hands of 4.5m adult El Salvadoreans.

I won’t bother to read the Reuters article, but I may try to find out how many El Salvadoreans have downloaded the govt app, to get their $30 worth of btc.

Next Paraguay. And then?

@FSilvaFacetti

“ #CRIOTOMONEDAS We are putting together a Bill that has a real impact, is adapted to the national reality, integrates the needs of supervision and control, guarantees investment and protects the rights of consumers. Something healthy, sane and manageable

https://twitter.com/littleprincejd/status/1413607389690048513?s=21

I am here to unite Paraguay ????, that is why we decided with Senator @FSilvaFacetti to present together the bill #bitcoin on Wednesday, July 14!
Stay tuned since there will be a mega surprise for Paraguay and the world. Something GIANT is coming ??
#Bitcoin #btc

The huge immediate benefit will be the instant transfer of up to $5bn of remittances fro the US to El Salvador.

https://www.wishtv.com/news/international/el-salvador-is-the-first-country-to-adopt-bitcoin-as-legal-tender/

flowerpot99

“ But when a blatant ramp like yesterday's easy 130 is posted
Or the 400 plus btc for July figures, they are silent”

I’m losing the will to comment on every price prediction and I see them as completely pointless, in either direction.

I haven’t seen anyone posting 400btc in July. Did you just invent that fact? Mining difficulty calculations result in a prospective 220+ tally for July, so I am delighted to anticipate that. Things can turn out better or worse, but I’m more than happy with the expected figure.

You sure 400 was mooted?

upbeat01, I should have paid more attention at the time, so thanks for reminding me of that massive buy. It’s not the kind of investment you make on a whim.

It’s given me the confidence to buy a lot more since then. I bet they would have loved an additional 50p of the share price.

Misteryguy

“ Morning pettle (K3)
Excited for the next round of q&a's? :)”

No. Maybe there will be something of interest, maybe not, but “Excited” is over-reach.

misterbeck

“ Who wrote this yesterday when the SP was at 116.5p?
Are they still confident we will get there 'easily' by EOP today?”

I plead not guilty.

Blubay

I would agree on a figure in the 215-225 range, but my point was to UnicornHunter, who was accusing 600Thieves of ramping, when he posted the same figures.

Trolls don’t like to discuss the figures because they don’t suit their narrative and they can’t spin them.

Here’s your big chance to shine.

You know the number of coins mined in June was 167.

You know that mining difficulty decreased by 27.94% on July 3rd.

How many coins does that project for July, remembering to add an extra day?

Give it your best shot! Maybe contribute to the “discussion “?

miseryguy

“ People arent happy with a CEO who has no problem in constantly diluting our shares and playing games. Another round of q&a oh how great.”

Good morning Sunshine.

:-))

600thieves

“ @K3VMC, maybe too many words but some folk don't understand the figures. I like the figures, especially ARB's profits. ATB”

Well, I think they may just pretend ignorance on the figures, tbh. NONE of the trolls has ever questioned them and they certainly have none of their own, apart from the “btc $8k” idiots.

I like words, don’t get me wrong, but the more words they have, the more they can twist them.

Numbers are numbers, and the numbers here are not complex, so less for them to mangle.

ATB to you.

Well, that looks like the base case. PW may be using the $20m loan for a quick increase in hash rate, which will obviously increase the number of coins mined. If he sees the roi on extra machines in terms of his “smart growth “, he may do that, but I’m not counting on it.

The main variable is the price of btc. Somebody kindly posted the increase in btc short positions the other day. Was it about 7,500 compared to 2,500? A hefty increase, anyway, which can take btc lower in the short term, but I believe the upside to btc is much bigger than any short position that has to be reversed, especially as btc gets promoted by major banks to their hnwis..

I’ll settle for £60m for starters and let’s see how that pans out over the next few weeks and months.

Anyway, let the games begin!

Estimated 220btc for July and August at $32k = £5m revenue per month, or £60m per year.

Btc will go down, up or sideways. Argo is expanding in Texas and “contemplating” Nasdaq.

If you aren’t happy with £60m revenue, there doesn’t seem a lot of point in being invested.

Parkez

“ The delay....letting Evgen placing funders out...."looking after the hand that feeds you.”

The big money left weeks ago. I should have taken the hit and got out when I saw the trades. I guess I’m an investor now.

“ The wait is over — you can now earn rewards redeemable for bitcoin on your daily credit card purchases. In December 2020, BlockFi, a trading platform for cryptocurrency investors, announced it would be launching a new credit card. Since then, the waiting list grew to hundreds of thousands of cryptocurrency enthusiasts eager to earn bitcoin rather than cash-back or travel rewards. Seven months later, BlockFi has started to release the BlockFi Rewards Visa Signature Credit Card to select members of their waiting list. ”

https://www.cnbc.com/select/blockfi-credit-card-review/

The first cards are being sent out to a waiting list of customers. There is an introductory offer to earn up to $100 in btc in the first three months, then btc is earned on every dollar spent over $50k in a 12 month period. A status symbol for some, but another example of mainstream acceptance.