Member Info for TOTHEMOONBITCOIN

You have noticed bitcoin pumps between the close of US stock exchange 9pm GMT Friday and the opening of US exchange 2:30pm Mondays , on average bitcoin moves up 2.54% over this period.

As I’ve previously suggested Jane Street as well as hedge funds are using the futures markets to short bitcoin, the key level appears to be $72k , once this level is breached you can expect a nice jump in price , $85k-$87k been the near term target as those shorts will be forced to cover effectively creating a short squeeze in what’s already a very tight market .

As many will have seen the US government dumped 30k of their estimated 210k coins last week , alongside the continued bleed from greyscale it would have been reasonable to expect a significant dip , that dip never arrived which tells you that the demand from the ETFs is still strong , added to that MR 100 continues buying in the region of 600per day on average.

What’s really bullish is we are approaching the 90days from the launch of the ETFs , this is significant because many pensions, institutions, fund managers take around 90days to go through compliance procedures.

With the halving fast approaching seems if anything more bullish than anticipated, my own target was $53k ( calculations made New Year’s Day ) at the halving and whilst that’s still very possible it’s becoming less and less likely.

Just be mindful the halving doesn’t mean we pump straight away , normally there’s a dip followed by a period of consolidation before an explosive pump , this time may well be different but it’s worth bearing in mind to prepare yourself for what may feel an underwhelming few weeks .

The observant amongst you will have noted the almost daily bitcoins smack down around 15:30-16:00 , this is Jane street doing blackrocks dirty work for them - shorting the futures market to shake the spot market so BlackRock can buy coins for their ETF at a discount.Will they attempt it again today , with $9.5bn of options expiring in the next 24hour you can expect volatility, a slam back down to $67k wouldn’t be out of the ordinary however looking at the on chain data it’s looking like the only real sellers are GBTC , at some point there’s going to be a huge short squeeze, with a long weekend ahead, institutional investors away from there desks , demand for bitcoin in Asia and South America growing rapidly Jane street could be caught out big time . Only time will tell but the set up it all there .

Bitcoin never closes .

Some months ago a contributor on here tried to convince you to buy BSV coin , claiming that it was developed by the real satoshi, well today Craig wright has been ruled as definitely not satoshi in the high court .

There’s quite a high degree of conviction among Bitcoin OGs who the real satoshi is, he continues to inform with fact not shill with BS .

99% of Crypto is a scam ,so please take great care when ppl try to influence with wild stories.

I always hesitate to comment on QBT directly due to the emotional response on both sides of the argument on these type of forums however I’ve a very simple observation.

IF QBT are live testing (. By default mining) why haven’t they informed the market of the numbers of BTC mined ? Even if they are only testing on a handful of rigs they should still have mined sats which given the company has no other meaningful income would constitute a material change in revenue, the market rules state this information is made public asap .

Now if this live testing has been taking place for months I can’t understand why QBT haven’t communicated this to the market especially as mining pool distributor proceeds weekly/ monthly.

Just out of interest, is the Warren Buffet you speak of the same person that denounces bitcoin at every opportunity yet his top performing asset of 2023 was NUbank ?????

NUbank btw is a bank who actively invest and trade in bitcoin and crypto assets.

As always these old school bankers and investors say one thing publicly and do another behind closed doors .

Every one bends the knee to bitcoin eventually, the only question is when they admit it publicly.

Elon musk

Larry fink

President Trump

Warren Buffet

Garry Gensler

To name a few who’ve seen the light .

Anyone wishing to clarify any information should contact the house broker.

Certainly Jeff is a very decent chap who knows his stuff. He’s buound by stock market rules but if you ask sensible questions he’ll answer them directly.

SP Angel Corporate Finance (Nominated Adviser & Broker)
Jeff Keating   +44 (0)20 3470 0470
Kasia Brzozowska

 

Leander (Financial PR)
Christian Taylor-Wilkinson   +44 (0) 7795 168 157

The QBT research team is indeed made up of around 20ppl

“QBT’s R&D team is composed of a number of sector experts selected across the UK and Italy, and includes highly skilled professionals, Ph.D students and university professors “

Given the team is split into 7 divisions it’s highly likely there are at least 13/14 students, 1 senior experienced person working alongside 2 students per division.

As others have pointed out in the last accounts QBT had 4 employees therefore it’s reasonable to assume that the R&D team are all working freelance , and their remuneration is dependent on SP performance ( which has been communicated by FG previously I believe)

Bitcoin  breaks $100,000 in Australia

JUST IN: #Bitcoin  hits €60,439 to make a new ALL-TIME-HIGH in Europe!

Bitcoin has now hit ATH against 25 currencies, price discovery is coming !

What the fiat fans still don’t grasp is bitcoin is exposing the debasement of €£$ , with the US adding an extra $1tn of debt every 100 days and the interest on that $32trn debt pile now exceeding the US defence budget that debasement will only accelerate when the printing of even more trash cash ramps up .

There will only ever be 21m bitcoin .

Bitcoin is inevitable, what is also written in the stars is the naysayers continued attacks , time and time again the tired old bitcoin scare stories are proven little more than hot air as so elegantly highlighted by our own resident doom monger .

You get bitcoin at the price you deserve , put the work in and it’s very obvious that eventually the bitcoin standard wins , skim through a few MSM poorly researched articles and you sit on the sidelines convincing yourself the fiat system is safe .

Some weeks ago I warned of the dangers of the reverse repo drain , as I suggested March was looking to be a month when the banking system in the USA came under pressure. I’m still very comfortable with that prediction, ids no coincidence both Gold and bitcoin are moving higher as those who understand the shortcomings of the system look to get out of the central bank Ponzi .

The other for asst I will make is no matter what the FED and other central banks say they’ll be forced to pump $10- $15trn into the system to save it . A very sizeable proportion of that will end up in Bitcoin.

I also said in 2024 at least 3 additional nations would put Bitcoin on there balance sheets….. Mr 100 is almost certainly the first , $3.2bn and growing every day .

There will only ever be 21m bitcoin, the cap on $£€ and gold are unknown, bitcoin is the hardest asset known to man and it’s node network continues to validate that every 10mins 24/7/365 .

Have a good Sunday everyone .

US GDP "Grew" $334 Billion In Q4... That Growth Cost $834 Billion In Debt

Some still call bitcoin a ponzi, but to anyone who’s taken the time and effort to look at the bigger picture it’s clear what’s the real Ponzi .

There will only ever be 21m bitcoin. How many $€£ will there be ?

I’m seeing ever more bullish price predictions from influencers and YouTubers , I think we all need to remember these ppl need clicks, when the excitement kicks in the higher the price predictions the more views they tend to get . We saw this in the last cycle with the same ppl calling for $350k-$500k bitcoin. It will pay to spend some time doing the maths to come up with your own price target, it’s actually pretty straightforward, then give a margin of error +or - 25% . Remember nobody calls exact top or bottom so having a figure to work to is a good way to at very least ensure you walk away with the bulk of what’s available.

I spent most of last night reassessing the situation with the most up to date information, I’ve a call option @$53k for around the having (20th April) which is currently looking pretty good but I hands up I’m becoming increasingly concerned we have come too far to fast .

The ETF’s had there 3rd best day on record yesterday, this is almost self for-filling in as much as fund managers performance will dramatically lag if they don’t put a Bitcoin ETF in client’s portfolio.

Interesting, exciting but always considered both sides of the trade , nothing goes up in a straight line and the few that defy that tend to head down just as quickly.

The 100 coin a day whale has now amassed 47k+ bitcoin, is it a sovereign wealth fund, a nation or just a super rich investor? If we ever find out it could boost bitcoin further. my guess is a Middle East sovereign wealth fund but that’s a pure guess based on interest shown in mining in that area of the world.

Today’s mood , cautiously bullish.

Bitcoin

I was surprised to see the power of yesterdays move , I had felt the most likely scenario was to remain range bound $50k-$53k in the lead up to the halving, it would appear that selling from greyscale is slowly dramatically whilst demand from the new ETF’s is actually increasing which explains the pump. It’s also clear the miners are hodling rather than selling coins so daily supply is actually closer to 600 coins, with demand approaching 2000 coins a day net , it’s hardly surprising we are pumping. With the halving around 50days away it’s worth remembering that new supply coming to market on a daily basis is likely to fall to 200-300 as miners will continue to hodl because bar a few exceptions there balance sheets are strong , we can expect ETFs to suck up even more coins post halving as FOMO kicks in . We also need to consider the brewing banking situation in the USA , with the reverse repo on target to be drained completely in March the poo is very likely to hit the fan late March /April almost certainly pushing millions of savers to look for a safer home for their savings.

Another point worth watching is liquidations , $150m worth of shorts were blown up yesterday as bitcoin blew through several key bear resistance levels.

All very bullish, my only real fear at this point is folk maybe front running the halving, some of those ETF holders may see 20% 30% 40% gains and decide to take profits. The good news on that front is however the LTH of spot bitcoin are still holding firm with 70% of coins not moving for 12months or more and less than 10% of holders now underwater.

Today’s mood , bullish !

Misty

The reason I asked you was actually because I’ve watched QBR like a hawk since August 21 , one of the metrics I watch is short positions , I checked 2-3times a week and I’m 100% sure that until GSA took a shot position in January no other shorts were open in the period Nov 21 to Dec 23 . As for the CFD nobody offers QBT in the UK or Europe , I’m no fanboy of QBT I see upside and downside potential, I see a lot of BS from both sides of the argument , unfortunately for you misty not everyone is as gullible on these forums as you hope .

Hi Misty12

Very interesting you shorted QBT , may I ask which instrument you used and on which platform ?

I hold my Bitcoins in cold storage, I have investments in 6 bitcoin miners and hold trading positions in various Alt coins on exchanges , I also have holdings in several funds who are primarily invested in crypto related companies.

Just out of curiosity what crypto investments do you all hold ( obviously don’t give too many details) . I’m just trying to gauge the level of adoption amongst contributors.

ETF’s have had a positive impact on price and sentiment, they’ve also reduced the political risk . Now just imagine the impact of the Hong Kong based FTFs currently been assessed by the Chinese regulator which will make investing in bitcoin far easier for 1.3bn Chinese. Then consider the impact of the ETF’s coming to market in Singapore which has one of the most affluent populations on earth…., all pretty bullish.

Added to that the possibility of the Saudi sovereign wealth fund adding bitcoin which has been suggested by several well placed observers.

Nice to see bitcoin taking a breather after such a strong run , ideally we’d coil in the $50-$52k range until the halving then blast through the $53k resistance after the halving, that scenario is unlikely but with the added selling pressure coming to the market in the shape of genesis’s $1.3bn liquidation of their coins and the continued influx to the ETFs it may just balance out and set up that perfect scenario. .

Enjoy the weekend.

The market makers Spread’s makes it suicidal to day trade in QBT , there’s companies that move far more predictably With a much lower spread if day trading is your thing . I doubt any serious traders would touch QBT due to the lack of liquidity .

Interesting to see the news on superdry ( up 118% on the day ) GSA Capital Partners have a short position open and must be sweating as their now substantially underwater , although an expression of interest doesn’t always lead to an offer the worry for GSA is they could get forced to either double down or close that particular position. This could impact their other short positions, forcing them to either close out in order to raise capital or possibly lead them to become more aggressive in an attempt to recoup loses on superdry .

Not always easy to spot short trades because most professional shorters utilise leverage so a relatively small amount of shares can equate to higher % of outstanding stock . You may recall the squeeze in GameStop when the shorts held 118% of the stock but only held around 5.8% of the underlying shares ( 20x leverage) .

It’ll be interesting to see how GSA proceeds with Boohoo , IOG and QBT in the coming weeks they could well have a disproportionate impact on SP without any out catalysts .

Enjoy the weekend.

The short position in QBT is still open and equates to around 600k shares (.51%)

What I will say is look at what happened to Helium 1 (he1) in the last 7days , two funds short @ .7p shares dropped to .19p until a very flakey bit of news dropped, traders piled in and drove the price up 7x forcing the funds to close the shorts . My guess is however this will be a short lived rally, the shares had dropped from 40p to .19p LTH @ traders have bought in and I suspect will take profits in the not to distant future, the FOMO crowd will be left holding stock that has little if any true value. Guessing when the rise ends exactly is a fools game the could easily double from the current 1.45p but when the rug is pulled there will be a very sudden 50% fall .

Up to date short interest - https://www.shorttracker.co.uk/company/GB00B50P5B53/