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Has anyone got an opinion as to what news could create a catalyst for Bitcoin share price to move upwards ? I fear the share price is now in control of the whales who are now going short, then long to pay for fuel in there multi million pound yachts. And secondly, do I need more patience to wait for this to happen as I’m rapidly running out of it..
Probably a good thing. Remember when it was 15k and everyone thought it was going to 12k? Market often does the opposite to what the majority expect.
In a similar way doesn't feel like long ago everyone was certain it'd go to $100k by Q4 2021. Must be on about Q20 by now.
The funniest is when you get some clickbait article where a self-proclaimed "bitcoin analyst" predicts it will be x price by x date. They are literally always wrong.
Imo all we can really do is work on basis that btc will go up over the longer term. Anyone doubting that should probably sell. (In Argo's case they should do that either way.)
For sure. The next peak there'll be a new Plan B and a consensus number much larger. I've found Wizz on X is fairly good at predictions but he also gets it wrong sometimes. He's giving a cycle top of 110-120 and that seems reasonable and achievable to me.
I’m not convinced by many of the bitcoin modellers. It strikes me that in every bull run (and bear) a handful of them appear to have made very good predictions but really it’s akin to the lottery where there are always going to be a winner or two.
Those handful build a sizeable profile and then have millions of disciples until eventually most cotton on that they aren’t actually capable of accurately predicting bitcoin price movements.
Capo is a good example.
Agreed - so you have to make up your own mind on what it will do, either agreeing with or dismissing the social media gurus. I do think 100k is entirely possible. Basically a 50% run from here. Wizz's prediction fits well for me, it's not too ambitious, and makes sense for me with 100k being a central focal point for price. Given how much demand has come through via the ETF's, and how stuck the price is the last couple of months I can't imagine enough demand to get to the 250k predictions. So my plan is to get out around 100k. If it doesn't get hit then I guess that's just hard luck. If it does get hit I get out and might watch a super run from the sidelines, but ultimately you have to get out somewhere otherwise you get stuck for the next 4 years.
Lovin wulf. my game is identify individual share price movement with balls of steel. i still got all my shares including what i bought in early 2023... this is what it takes. roll up, roll up.
These are the variables that matter to Argo. Previously we had a race between the bull run and running out of cash but we now have that with the addition of the end of December as being a deadline for the former to occur.
There's lots of debate on here over the cash burn for Argo right now which won't be fully clarified til the interims in August but we all agree that they are losing cash each month. So we have six months at the very latest for the Argo SP to get swept up in bitcoin euphoria and that reduces if BTC/difficulty /operational issues change for the worse.
I remain of the opinion that those interims will be a critical juncture in which things have to have improved by.
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.
Misterbeck. yep. the good old days with wulf back again. the share price reaction looked as if it could break that high of just over 4 dollars in 2023 and so a brief pullback to under 4 dollars and then up again. yep. diamond hand win again but with wulf balls of steel is needed at times. i have gone through hell with wulf but sold none and bought more and it worked. looking at the big picture clean spark and tera wulf look great and iren and corz have done great recently despite bitcoin struggling. so anyone waiting on the sideline has not been clever. one further point. the longer bitcoin struggles the longer the parabolic move will be. that will mean yet again diamond hand will keep on winning. anyway good stuff misterbeck. your in the likes of clean spark and tera wulf etc which is great. and it is not going to be made easy hence bitcoin struggling but look at some of the miners performance recently compared to bitcoin. totally wrong footing plenty of investers who are hardly in or not in the miners recently.
I sold more last night, c30% of my WULF sold this week (I will never hit top or bottom, so find taking profit, selling into strength a good strategy).
I suspect the next move for WULF will be towards 3.50 as RSI now looks overbought. What's your target price Dags?
Nothing wrong with taking a profit as that is what it is all about. i think it has a great chance of ending up at 7 dollars but pullbacks will happen so 3.5 may happen. just keep an eye on it.
Looking at pre- market all of the miners are in red that i have looked at showing the damage that bitcoin struggling is doing. so see how the day ends if bitcoin stays struggling. any of the main miners ending positive will be clear signs of how strong they are. if none of them do then bitcoin weakness will start to hurt.
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
Yep misterbeck. on your points as longinvester said selling into positive strength is the best way to take profits. as for people trying to get in at lower prices. it sometimes works but then sometimes a good share can keep running. there has been posters hoping for clean spark going under 10 dollars so they can buy. but if they bought into clean spark at 2 dollars when they should have and just held they would be way better off. and these are people that were posting when clean spark was 2 dollars. so now they live in hope of a big drop. as for argo only a parabolic move in bitcoin will move the price up a bit. it is in a right state because without that parabolic move in time it will end up at 2p. just my take on things.
Just a look right now. see how bitcoin weakness is now affecting the miners but wulf is currently up.
So bitcoin too many down days and negative for the miners to keep bucking the trend. which is what we see today.
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.
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.
Well what a run it has been for the infrastructure plays WULF, IREN and CORZ.
APLD looks like it might be next, anybody any views? Their execution with MARA possibly putting investors off, but they are holding the MWs. CEO talks a good game. Financing secured recently for 200MW HPC build out coming online in 2025, in talks with a hyper scaler. Are we going to see a CORZ/Coreweave type deal soon?
Oops double post.
Jimmy_Stocks fwiw I like and hold a bit of Applied.
Upside for me is it's less exposed to btc price than pure play miners (I hold those too), but same exposure to infrastructure which obvs in mega demand at the moment from AI arms race.
If you compare the ratio of MW to enterprise value vs any other miner, it's far cheaper - as you'd expect without the btc premium. But I believe that discount will narrow because machines (the only thing that differentiates it from a pure miner) are abundant and fast depreciating, whereas these US sites finite and take years to build and go live. Plus grid hitting capacity means approval for new sites will be increasingly hard to come by. Easier for someone to just by the company.
I went big on Corz for similar reasons, but caveat is this time market is already alive to AI data centre needs so lightning may not strike twice. Another big caveat is it's already up 100%+ from lows.
I have a bit of applied digital also. like said it is up 100 percent from lows and if buying in be careful your not spiked with applied digital. 3 dollars was the best price to get in but would not surprise me if it went a fair bit higher. .
Good to hear 404x. I am playing it in the hope we see a spike if/when this hyper scaler that wants their Ellendale MWs gets announced. The site is supposed to be going live next year, so expecting the hyper scaler to be announced soon.
Corz I think is still a great bet under $15.
Misterbeck. i think we just need to get the next 8 or 9 months over with from here. get out with a load of cash and sell the lot and that means all miners. it could take up to 3 months from here for a true parabolic move to start with bitcoin. if so it is critical an 8 / 9 month outlook, very good stock picking from the secter and diamond hands. otherwise the day to day nonsense with bitcoin just goes on and on.