I’m struggling to understand why we can’t even hold onto our tiny gains from yesterday, we had some decent news yesterday and are worse of today, clearly others investors are seeing something in UFO that I missed and are staying away?
Agree,I think it’s a valid point that BTC will need to drop to a point where it appears to have derisked and offer new investors enough growth potential, but have too many retail investors been put off by the recent price drops and is there enough new money waiting in the wings? I personally think there is but I suppose time will tell, i do think keeping above the 30k support level is going to be crucial in the coming weeks.
I think the upcoming ruling by the SEC on the bitcoin ETF will be huge, the first decision is due on the 17th of June for the VanEck fund and there’s a dozen more waiting in the wings. I’m not sure if bitcoin will need more regulation to get these ETF’s into the market but it will happen at some point this year and the impact this could have on BTC in regards to institutional investment is going to be huge.
3 weeks and counting, just hope it lives up to expectations,good luck to you all.
Agreed flanker, I know there’s a lot of people on here that were spiked at £2 and I hope nobody has sold at a loss because of the tripe posted on this board, the SP has been in freefall for while now and BTC has nearly hit the capitulation bottom, I think/hope it’s around the 30k - 32,2k resistance level, I still believe BTC is due an upwards breakout and it could be by the end of this week.
Thanks HH, I’m by nature a fairly patient person but today has been frustrating because of the news we’ve had with little SP movement, regarding this board, I agree it’s probably a little biased to UFO, but why not, people are invested and believe in the company and future success, if you want to see a bad board pop over to ARB, it’s got that bad the LTH have set up there own private discussion group by invitation only to stop the senseless deramping on there.
Ok max, you’ve got me biting, many multiples of 19p sounds incredible, the million dollar question is when, 1 year, 5years I know it’s impossible to given an accurate timeline so shall we just try and guess the year when UFO breaks 1.3p?
I think there’s a huge likely hood of blockchain adoption, it will be interesting to see how the adoption by El Salvador works out for BTC, it will have to be treated as a legitimate foreign currency which could open a lot of doors for adoption, I’ve got a feeling the yanks will start to buy this afternoon, everything seems to be heading in the right direction, just need some news to land at 2.30pm...
Agreed, it does feel like BTC needs to be pitching itself to the institutions rather than the masses and I know this goes against everything it stands for but Elon burned a lot of PIs recently and I don’t think there’s enough sentiment and FOMO from retail investors to get us out of this downward movement, hopefully increased volume and sticky hands should gets us moving, it pains me to say it because he has too much control of the markets but a positive tweet from EM would help, he’s holding 1.5 billion BTC I think it’s only a matter of time...
@smiller it is a lot but I don’t have to spend too much time watching them, I’m not trading and I’ve taken a long term view 1 - 3 years for most of them, health care and crypto have done well and these are probably the 2 areas I watch the most certainly crypto, I know arb has been mentioned on here a few times but I still think BTC has go some way to go this year but we will see. Lithium, hydrogen and mining are all investments I’m looking at for 2022 ( apart from UFO I was hoping we might be a little bit further along by Xmas this year but who knows ), HE1 is a complete gamble 200% + on successful first drill or 50% loss, I’ve done well on ANIC which has some really innovative and interesting investments and could be a real flyer in a few years, but these last 3 months have been pretty flat for a lot of my shares.
Although the BTC conference was not the greatest advertisement for BTC from what I’ve seen, it does feel like it might have come at the right time, hopefully the increased volume will reverse the downward trend we’ve had over the last 4 weeks and there’s enough II’s waiting in the wings to get us over 40k, let’s see...
@smiller,I’m holding around 20 - mining copper/silver/lithium, crypto, hydrogen, healthcare Covid and cancer screening and a couple of punts HE1 being one of them, overall I’ve had a really good year but it does feel like we’ve had a pull back across mining and I’m more weighted towards UFO than I should be but you need to be in it to win it I suppose.
Agreed, 32.2 k is the capitulation bottom, we break that and we are in freefall, but there’s too much volume now, we just need some news and the buying pressure should see us testing 38k, funny how the volume always increases when we start getting towards the lower resistance levels, it almost feels like the price is manipulated sometimes.....where’s EM, I’m expecting a tweet soon.
I would love to average down but I’m way overweighted here as it is, hopefully HE1 or WSBN are going to drill soon and I might be able to free some more funds up, UFO has the potential but this is the most frustrating share I own, my own fault for getting caught on the spike last year, the annoying part is I could have had another 2 million shares at today’s prices if I hadn’t bought the spike.good luck to you all.