Member Info for misterbeck

I think the latest btc catalyst/driver is directly related to the pro-crypto Trump bullet dodge...

https://www.bloomberg.com/news/articles/2024-07-14/bitcoin-btc-rises-as-trump-rally-shooting-seen-increasing-re-election-odds?embedded-checkout=true

@Chaebol. I think that with the 'non-Argo holders' on the board there is simply a quiet confidence that everything is going to plan. For the Argo holders its a different quietness )

As the SP continues its drift towards its final destination ‘oblivion’ the squabbling reaches even higher decibels

All players in HPC, AI sector getting shafted in turn over the last 48 hours. Not much fun. Probably was over-hyped and straying into over-bought territory. APLD has recovered somewhat from yesterdays drop but now Soluna getting battered today. Wulf continuing downwards it seems although more gently towards $4.5 support levels... keep the faith.

Btw good new from Wulf earlier...

"TeraWulf announced the full repayment of its term loan ahead of schedule, eliminating all outstanding debt"

GST investors wait 2 months for an RNS to arrive to stem the continuous SP drift only to watch it dump another 5% when it arrived today.

@Dags. Not for me either of those two (lifestyle stocks snaring gullible bag holders), although I do like to pop in on their board occasionally to offer them words of encouragement )

Blue woohoo!

BTC decimated in last 24 hours whilst Wulf is up +7% on the day. Seems like me, Dags and Cantor Fitzgerald were wildly out of sync on this one. Lol

TeraWulf (NASDAQ:WULF) PT Raised from $7.00 to $9.00 at Cantor Fitzgerald

A few weeks old but relevant. Wall Street analysts have expressed optimism about TeraWulf's future prospects. Debt reduction, low power costs and strategic move into the AI/HPC sectors

https://www.cryptonite.ae/global/terawulf-stock-surge-bitcoin-ai

Yes still got 80% of original wulf holding. rotated 20% out into APLD which has performed well too over the last week. Wanted to reduce some exposure to btc in case of pullback and AI stocks seem to be the obvious hedge to use. Yesterday was a bit fraught though... I had my moments!

Yesterday btc retreated almost 4.5%. Wulf finished up 2%. And today it sky rockets first thing...

$WULF DAPP VanEck Digital Transformation ETF bought 57,2421 shares of WULF yesterday and now owns 3,322,618 shares.

COIN + MSTR have proved great investments over last 12-24 months. Small cap miners have made some big moves in last 4-6 weeks - big cap miners have become shorting targets for hedge funds but hopefully can recover soon. Maybe good to have some exposure to AI too imo. My PF currently includes WULF, MSTR + APLD. Would recommend DAGB if you are looking for a stable diversified crypto stock.

Oops double post.

Bitcoin in the doldrums which means it will pribly drift down to test the next support. Many consecutive days of ETF inflows keeping it steady for now but not making significant difference. What could be the next catalysts to drive BTC forwards? Looking out for mining sector merger/acquisitions over the coming months. Could be a driver. Sailor probably buying up large chunks of BTC as we speak.

Yup BTC currently in the doldrums and I suspect will drift downward to test next support. Waiting the next catalysts to drive it forward? Many consecutive days of EYF inflows keeping it fairly steady for now. Looking out for merger/acquisition phase to begin amongst the miners in the coming months. Saylor probably buying chunks of BTC as we speak.

Agreed Dags. Taking profit is what we are here for - good for peace of mind. One poster, no names ) sold all his Wulf last week, is 100% in cash + waiting for a retracement to $3.5 levels. See what happens. Who is right or wrong we dont know until we look back a year from now. BTW diamond hands won’t help Argo

WD Dags on Wulf. Diamond hands wins again. I trimmed 20% (regretfully) of my Wulf last week as it approached year high SP again. However this train isn’t stopping. Some analysts raising there short term buy price to 5p and others to 7p. Small cap miners are out performing the rest.