Member Info for TommyTheDog

Greetings Argonauts. In my spare time this evening I have been doing some rudimentary calculus on the Zcash price and how it has peaked in the last month. Interestingly it has tested support @$80 4 times now. However I was wondering does anyone know 1) what percentage of zcash do we hodl? 2) what % of what we mine is zcash? The reason I ask is that just looking at the price of zcash in December compared to January, it looks like it is up by 25%. I’m just wondering how significant that might be to next weeks results for Jan (assuming results come out next week - I’m not trying to ramp honestly!!! Just looking to be optimistic in,light of the last week or so!)

Too right RC. Just curious as well LondonBalling made reference to Sunday night being interesting as well ... any idea what that might be or just the usual weekend FOMO?

Hey London ... why Sunday night. I was also reading a post just put up by sprog about options expiring this Friday.

Thanks for sharing aiken. I hate to admit it but I got pulled into ARB as one of those traders. Now I’m a HODLer :)

Come on a rookie ... buy more ..... wayyyyy more ... you know you want to ;)

Thanks for sharing Sprog. Please excuse my ignorance but I read this as a good thing bearing in mind that there are more calls than puts?

So the popular narrative arounbd this share is that the share price is tightly linked to BTC. That I can understand except for one thing ... surely the share price is linked to how many people buy and sell the said share, right?
So ... my expectation is that people who have bought this share are ones that understand or are arbitraging (like me) the BTC wave. So i can only surmise that the reason why the share goes down it because more people are selling the share than are buying? One factor is of course the falling price of BTC. But yet today BTC went below $30,000 and the SP barely budged. Why?

My theory is that as time has progressed the ARB tree has been shaken to such an extent that the nervous have been shaken out and only the bagholders (people who bought in at £1 or above) and LTH remain, the ones who have utter faith in the ability of comapny, BTC, BoD CEO and so on.

The fluctuation of shares is now maybe in the hands of the MMs who want to get the next tranche of shares for more institutional investors. Thats where I feel the real volatility lies and not down to price of BTC.

I would like to hear your thoughts and other theories too, or am I just talking tosh?

Love it London ... I will remind myself of that “the ball is still rolling” - just need to be patient

Cheers Buddy - probably both just wanting to be of service and value to others here.

Asks far outweighting the bids right now on L2, well at least as many on them as I can see. Hold tight me muckers - things will turn, but maybe not until next week or beyond!

Sorry Aiken - didn't realise you had posted this too. Other people were asking for the link - better to have more than one promoter I suppose.

i just registered - took me two minutes!

https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit?CID=7014W0000014yhJQAQ

https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit?CID=7014W0000014yhJQAQ

Yo Enrico, at the risk of sounding like Zengahs kid brother, what's your evidence for this? Personally, I don't really mind but one thing I know is that Michael Saylors event is next week and that will do us the power of good as BTC will be bouncing big time as a result of that I'm sure ... but WTFDIK?

I hear you London ... that's my only regret too ... and not selling at 1.19 which I could have done last week ... hey ho - LTH now, but certainly not sweating it!

Yeah so many bearish patterns on BTC at the moment. Best to just put the charts and everything away and wait u til Feb 4th when Michael Saylor will be having his super spreader event!

Hey Pheobus - is it possible to see what % of that volume is buys? Also many bearish patterns in play atm, maybe a chance to offset some short term losses in ARB (I know ... only losses if I sell)

Shame Paul this had the makings of a good post. Personally I use ema set at 10 and 21. Also rsi . I’ve heard others use ema cross with varying success. Tbh very early days in my trading career to assess these tools and my application of them

US price down as well. Balls of steel time

I’m confused James, why was your posted titled onwards. Did I miss something? This seems a backwards step for croton seeing as Yellen has made her position clear ... or have I missed something?

I would never believe a word those crooks utter! I’m more inclined to believe that the rarity of BTC, supply and demand will drive the price up