Member Info for TOTHEMOONBITCOIN

In the overwhelming majority of times it’s not messages on BB’s , share price fluctuations or even short term news that loses investors money, it is in fact themselves that costs them .

In general retail investors only scratch the surface when looking into a company and that business’s addressable market. If you have genuinely deep dived into an investment thesis and looked at the market the company intends to trade within, you’ve understood the financial position ( and the future potential both positive and negative) , you have looked at the trading range of the shares and positioned accordingly then you really shouldn’t be to concerned or elated at short term movements in sp in fact if you are correctly positioned within a portfolio a sp decline should be viewed as an opportunity to DCA likewise a spike higher should be used to to top slice profits, the same applies if you are bearish on a company, a spike up is a chance to increase a short position and a decline is the opportunity to take profit.

I will not get involved in personal spats as they don’t reflect well on anyone however I will say having kept an eye on QBT for approaching 2 1/2 years it’s clear SOME contributors here simply haven’t dived deep enough into bitcoin mining to understand the capx cycle and the vast variations in business models employed by miners .

Personally I’ve a price I would feel reasonably comfortable in adding and a price I would look to take profits, however the wider macro environment and the slow pre halving drift down ( something that plays out each cycle) means there’s absolutely no rush to allocate more funds to bitcoin related companies in the immediate period. I’ve buy orders in over a multitude of companies should the ETFs get approved earlier than I expected, my core long term holdings remain in place but I remain comfortably on the sidelines until the market turns.

For those looking for the current hot sector may I suggest looking at nuclear, but proceed with caution at we have already had a nice run .

GLA

I firmly believe that the halving / business cycle will lift all crypto related stocks , and given on the uk market there are only around 10 ways to play crypto via listed investments all things been equal a reasonable amount of money will hunt out those opportunities.

I think one of the major issues with nano and small cap stocks currently is the small retail investors with their £500 a month to invest are simply not in the market, we can see this by the lack of liquidity across Aim , remember institutional investors find it difficult to deploy funds into anything with the sub £50m mk cap .

Personally I think FG is keeping the pot simmering until the halving knowing money will enter the space , push the sp up allowing for options to be cashed in , at that point QBT would have a £50m- £100m Mk cap it would be at that point genuinely transformational news would attract big investors and put the sp beyond the 10p options price .

I remain very much open minded, I see many red flags , I see positives.

What I absolutely know is for the company to achieve the sp some tout QBT needs to revamp its website , social media and communication dramatically, When you are playing the Tech game those things are a must not an inconvenience.

GLA

Https://www.reuters.com/technology/intel-ends-its-bitcoin-mining-chip-series-2023-04-18/

As others may or may not be aware intel stopped production of its mining chip 6 months ago or more . I believe there were originally only a handful of publicly listed miners who placed orders.

Of those companies that definitely received the intel chip , one developed its own design rigs to accommodate the intel chips . That company is regularly one the most efficient BTC miners but it has to be said not by to large a margin.

Two of the other companies have suffered major setbacks to their businesses in the last 12months and both lag the market regarding production efficiency.

I normally try to shy away from commenting specifically on QBT as people tend to be far to polarized in comments rather than been factually objective, on this occasion I will say I find it extremely difficult to believe a listed company would hand over rigs for testing. Would Ferrari allow testing of a new part during a F1 race ?

I can’t really understand why QBT hasn’t utilized hoisting facilities offered by several miners to test the methods, this would be cost effective and very quickly provided unequivocal answers that would be transparent for all the interested parties to see .

There is another possibility and that is that QBT are speaking to unlisted miners of which there are many in North America and Asia .

I remain on the sidelines other than a small holding which I retained following the sale of the overwhelming majority of my shares during the oct 21 melt up .

Have a good day all .

Creo featured today in the Sunday Times’’s tips section, should at very least bring some extra awareness from the wider investor community and hopefully a tick up in SP

https://www.thetimes.co.uk/article/share-tip-innovation-puts-creo-medical-on-a-healthy-trajectory-d6dchlk83

QBT don’t appear to be in attendance at WDMS next weekend in Hong Kong which is a shame , I’d have thought it another opportunity to showcase there tech .

BITMAIN ( list of companies attending)

Link doesn’t seem to working 

Go to bitmain.com , click on world digital mining summit and scroll to bottom of page for attendees.

Canaan have today launched their new Avalon made 14 series rig and Bitmain are rumored to be the new antminer s21 at the world digital mining summit given the lead times required for orders just about perfect timing from both companies to capture mining companies capex into the halving .

With respect Earl your time would be far better spent explaining POW virtues on Twitter or others social media, I think you’ll find you are preaching to the converted on here . We are very much aware POW current SP is a poor reflection of the companies inherent value.

I believe the Deutsche Bank news is helping BTC today .

A word of caution though there are a few hurdles coming up in the next few weeks that could put some pressure on Bitcoin - Mt Gox release , binance is looking shaky to me and the sale of FTX assets. All will flood the market with Bitcoin. There are numerous bullish events coming up as well but overall the balance of probability suggests that we continue a slow grind down in the short term . I still expect multiple ETF approvals as early as Christmas but more likely in March which should really spark interest prior to Aprils expected halving.

Just to be clear I’m cautious short term and wouldn’t be totally surprised to see $19k retested medium to long term I consider Bitcoin a core holding .

It’s going up forever Laura

Steve you can only possibly support one team with a response like that .

MOT

This article effectively highlights why speculation on miners cost base can never be accurate, crypto mining is extremely divisive and complex, most miners have multiple income streams ranging from Data centres right through to fruit and veg production.

So when claims are made about energy usage/ cost per BTC / efficacy it should be taken with a pinch of salt . I’m aware of some miners having energy fixed at 1c in some of their facilities whereas others are paying upto 8c , but even that isn’t straightforward as there’s often curtailment subsidies available to those paying a higher initial cost for power .

Sebastian on YouTube has arguably the best analysis although Anthony on Twitter is good although personally I don’t feel he takes all the variables into full consideration.

The current financial system relies on trust of naive population.

Bitcoin relies on mathematical FACT

Fact trumps Trust for all those who are actually awake .

Https://x.com/btctn/status/1692915599163183184?s=46

Would hep if I’d added the link !

Decent spot Jez but I believe the original tweet came from this account with 2,5m followers last night , it’s been tweeted at least twice by them today .

i've stopped coming on here due to the amount of absolute clowns that now seem to have invaded ,what was once a place to learn , share ideas and support each other has now turned into comedy central.
I popped back this morning to see if anyone had any thoughts on the difference in US close and our open , instead i've seen clowns asking for support levels then in the next post trying to advise on Fib retracements ( yet he cant work out support levels !!!!) i see people talking about taking profits after short periods and feeling smug , others panicking at a short term drop .
if you have done the research and you understand what you've invested in you should be feeling pretty confident about the next 8months , ok a black swan could dent all the homework but that's the gamble we all take .

BTC a little off so far , which is good , you want consolidation to form support . every day there underlaying positive signal for bitcoin , it wont be long before another huge organisation make an announcement BTC is on their balance sheet , just chill a little ffs , ARB will announce a Nasdaq listing in the not to distant future which once finalised will propel ARB on the next leg you just require a little patience .
thank god some of the posters on here weren't in the trenches because the first rumour the enemy had guns they'd have waved the white flag .
best advice I can give is DYOR understand what your invested in and stay off message boards because they seem full of attention seeking halfwits .

I would suggest what we'll find will happen is the US will see the rise and really FOMO in , Argo has been tipped by many message boards and YouTube bloggers over the past fortnight now folks see it coming true they'll jump on board .
everyone has a job now , Don't sell . we know institutions hold around 160m shares , our telegram group hold around 23m between us so that's around half the stock in strong hands . if you hold you drive the price higher its that simple . i did warn the Day traders they were mugs for taking 20% scalps because the risk is to the upside and once the rocket takes off getting back on is very expensive .

the real madness will come in April and May when companies in the US have got their act together after the microstrategy BTC conference and had time to buy in .

i've seen some seen some eye watering forecasts for ARB on reddit from our American friends and whilst I think there somewhat exaggerated i won't complain if we get there , GMA a fine example of what FOMO can do .

good luck everyone , hold firm , you need strong hands to carry heavy wallets .

new Telegram message going out at 2pm uk just in time for US open ;)

hi all , just made my second purchase , still only got 15,000 but looks an interesting play on crypto /DiFi .

nice sensible board btw , having been in Argo blockchain for 12 months i've seen the Argo board totally destroyed by FOMO fools who in the main have done zero research into crypto or Argo .

its a smart move , they are effectively turning themselves into a proxy BTC ETF/ bitcoin fund this will attract a lot of fresh investment giving them the fire power to stat buying up smaller miners .

jayblu48 , Argo are fantastic at communicating with us but updating the share register on there site isn't a strong point , i believe this to be an accurate and certainly up to date register as of last weekend , it can take a few days for new institutional investors to appear because they tend to buy in batches rather than one lump , that said I'm sure the placings of warrants were snapped up in one go . you are right about eric chang though on further investigation he sold out
between Feb &m May last year .
https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P0001E29D%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0001E29D&ClientFund=0&CurrencyId=BAS

thanks for that update London -balling , basically confirming what I posted last Friday that another two institutions had joined the register , that said there's quite a large turnover of holders if my information was correct and the site you linked are correct . mike Edwards appears to have dumped 11m shares .
Eric chang appearing as a major SH is interesting if its who I think it is ! i wont say to much at this stage but if I'm right firstly who he is ,and secondly about the amount of shares he has now [i believe he now has 7.95%] we could be in for interesting times .

on the 31st August 2020 tesla was $498.32 on 8th Sept 2020 Tesla traded @ $330.21 please explain your straight line theory .