Bitcoin might drop by 93%The luck of electro power in China forced the government to start closing Bitcoin mining farms. In the long run, this should result in a substantial price decline for the BTC, before and if the price will manage to produce a new all-time high.
What do you think of the long-term Bitcoin price perspective, are we still in a bull market?
Mining
Crypto Mining Companies are Better InvestmentsBitcoin mining companies are likely the best investments for the next bull run. One aspect that benefits crypto mining companies is that the asset that they generate is expected to increase in value in the future.
This is not the case with most other companies. Take a car company for example. The cars that the company creates will depreciate without question. If the car company produces cars and holds them, the company will go bankrupt.
For crypto mining companies, like MARA and RIOT, they can hold the assets that they produce and the value is expected to increase in the future. Many of the mining companies raised funds in a way that allows them to hold the bitcoin they produce for several years. As MARA and RIOT invest in more mining infrastructure, they will generate and hold more bitcoin.
Why not invest in alts? MARA and RIOT are involved in Bitcoin, which is the most secure and trustworthy crypto. Investing in altcoins can yield higher returns but with much greater risk of going to zero. We all know the risks of altcoins. To name a few: theft/scams by founders, shorter track record and more prone to bugs, infighting by founders, CTOs leaving the project, etc. ADA and BNB performed spectacularly, but I'd still rather hold MARA and RIOT because I feel they are a safer investment in the long term.
Long term, I am bullish on crypto. I think that holding bitcoin mining companies will outperform bitcoin itself for the next 3+ years. Also, I think that the risk of holding companies involved with the Bitcoin network is far less than holding altcoins and results in a much better risk-reward ratio.
Short term, I am waiting for the crypto markets to drop a bit; BTC at $23k or $20k. If that occurs, I will likely switch to bullish and buy crypto mining companies. Until then, I will wait on the sidelines... and tactically short MARA until I am ready to buy it.
BYRG Platinum & Rhodium Mining RevivalOTC:BYRG Buyer Group International, Inc.
Rhodium Price 2013: $1,000
Rhodium Price 2021: $29,000
Revival and funding of BYRG has been taking place for the past couple months. Back in 2013 they're claims had a $1.3 BILLION valuation when Rhodium was only $1,000 per ounce. Currently today Rhodium is worth $29,000 per ounce and has become one of the most sought after precious metals. They also have Uranium and Platinum assets in the same location. There is only 1 other company successfully mining and producing Platinum in the USA and that company is Sibanye Stillwater (SBSW) out of Colorado. NYSE:SBSW is currently trading at $16.83.
Updates have been appearing on OTCM which means the CEO is getting the company on the correct direction. I have reached out to the CEO David Bryant many times and he is aware of the current changes going on in the OTC marketplace and he is working on getting BYRG pink current by the deadlines. He is doing everything by the book and taking the appropriate steps to become PINK CURRENT.
Updates:
5/13/2021 - OTCM updated the share structure with a TA verified signature
5/14/2021 - New officers updated:
David A. Bryant - CEO
Nancy Bryant - Secretary
5/16/2021 - BYRG Authorized Shares Reduction: Reduced from "unlimited" to "50 Billion"
(seeing these updates, share structure reductions, shows they are cleaning up for a great future)
6/17/2021 - Company profile changed on OTCM: "Buyer Group International Inc is a development stage company targeting acquisition opportunities in the commodities space with recurring revenue streams to maximize share holder value"
All the steps have been taken to achieve a "verified profile" and to start seeing filings for BYRG.
As you can see from the daily chart, BYRG has been trading at very low volume but still following a strong trend upward. Between volume and the accumulation you can tell this is locked and people know what they are holding. In my opinion I think this will still look cheap when it hits multi pennies. We should see further updates and filing VERY soon.
Analysis on JSE:ANGThis is an analysis on AngloGold Ashanti. From an inflation point of view I think this is a good stock to invest in as gold is also now turning the trend more upward, ANG could also have a big swing up.
Disclaimer: This is just my opinion on the stock. Tread carefully and best of luck to all the other investors out there!
$ANY super nice, massive wedgeIf you are familiar with wedges, you will see where this is going. If you are not, well, it is likely going up. Breakout coming soon. Accumulating where I can. I like to hope (hope is not a winning trading strategy) that this is going to be like the next $MARA or $RIOT. Renewable to boot. Two hot up and coming (or already here) sectors in one. Not trying to sound like an advertisement but I anticipate a 4x return on this. It has a decent shot to get near $20 as well. Will have to double check the chart after that, but anything is possible. With enough momentum and positive social sentiment, this could rally huge. Low float also. Really like this setup. Ask me if you have any questions and I can provide more detail, possibly.
Bitcoin Digest all Fud, now what next - HindiJune23 :#Bitcoin: $btc beautiful jump from Long term Support belt. MACD also turn bullish in 4 hr time frame. One Day RSI also showing bullish divergence. Quick bounce is showing that bulls actively accumulate picked support.. Upper side many small resistance with major resistance at 50 day and 200 day moving average.
China Mining status: Next 15 days will be crucial, Nearly 70% mining firm will be offline by end of this month. Chinese minors already start shifting to other part of world. Some Minors are using 2nd hand machine too for quick start. BTC and eth both hashrate are decline with china mining crackdown. Its still hard to find actual position. But if btc handle 30k support for next 15-20 days, than it will be very bullish once again.
HIVE listed on nasdaq - more liquidity = price go upHIVE Blockchain Technologies (OTCQX:HVBTF) obtained approval from the Nasdaq Stock Market LLC to list its common shares on Nasdaq's Capital Markets Exchange.
The Company will retain its listing on the TSX Venture Exchange.
Shares +37.5% YTD.
I was buying this thing below a buck so I am happy but we are just getting started.
Sector early indicator? No: Natural Resources, not really.The Natural Resources sector - here represented by BHP (in green) and Rio Tinto (RIO, in orange) - does not generally act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... only possibly during the fall in their share prices over Jul and Aug of 2018.
BTCUSDT The Volume is not enough FUD waitingBINANCE:BTCUSDT
It is inevitable.. it is truly programmed ad e are just waiting for them to drop it.
-weekend...
-Monday death
-Fuds are waiting to be released
SHORT and SIMPLE - do not do anything. Get in when there is price rejection...
PATIENCE my brothers. HASH RATE went down after BEIJING FARIMING is stressed by china government.
FIBO? no need just look at the huge supports trade the plan. if you fail wait for retracements we will enter one abc is there... enter B as i always tell everyonne here..
we thought we will not break 36k thats why i made you go out 35.5K but check the coins... alts are not going up so high after 36K it went down intead while sideways or consolidating.
Helium ready to go beyond the stratosphereHelium's halving is about 2 months away and is currently a project quite a few people talk about. Its price chart vs BTC is just incredible and it is probably the best performer since the day before the crash started, and its structure is very bullish and stable across all timeframes. It has been closing above its 2020 ATHs, as well as early April and early May high which is showing that it is very strong.
It's market cap isn't that small, but not very large either. It's current inflation is high but the demand has been strong and the way the rewards are distributed is very interesting. As a project it is quite promising which is a big plus.
Now it doesn't have many listings, but I believe quite a few more listings will follow relatively soon (i.e Coinbase, Huobi, OKex). On binance it might get some extra pairs + isolated margin. It is listed on Binance US and FTX which are quite important too.
The current setup is a very simple on and just as a first target. From here I think HNT could easily double.
charts.cointrader.pro
Bitcoin Elliott Waves & Renewable Energy IndustryBitcoin Elliott Waves plan update.
So Bitcoin strugling to hold and fall down towards 30-ish zone as the possible end of sharp-ABC correction of current cycle (still there is chances for 27-ish).
Possible growth of Bitcoin to new ATH on the radar and might take a few days to develop the bottom before take off.
Despite recent China mining crackdown there is most likely China miners will be fine.
According to btc . top CEO Jiang Zhuoer - only unregulated China miners under treat of crackdown. Those miners who follow China regulations are fine.
Some of the miners indeed will shift facilities to less regulated regions like Central Asia (The region consists of the former Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan). But this shift will open new markets for China as supplier energy and mining facilities.
Nowadays, China is leading the way in the renewable energy industry, by being the largest manufacturer, exporter, and installer of solar panels, wind turbines and they might want find a new markets across the globe to supply their products.
I expect increased demand in the mining facilities running on renewable energy during Q4 2021 and 2022.
Obviously market change shapes quickly and we have to be aware of uncontrolled risks. Stay focused on the balance of your basket.
Best regards,
Artem Shevelev
El Salvador Adopts Bitcoin - Proof-of-Work vs Proof-of-StakeI've run both mining rigs and am currently running a ETH2 validation node, just because I was curious as to how it was going to work. Here's a side by side comparison between Proof-of-Work and Proof-of-Stake based on my experience.
Also El Salvador adopts Bitcoin as its reserve currency. A big day for BTC!
Technical analysis update: ALB (27th May 2021)ALB broke out of its triangle pattern. It prierced above upper bound which is bullish sign. RSI, MACD and Stochastics are also bullish. Our short term price target is 180 USD per share. Our medium price target is 200 USD per share.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Northern Dynasty Minerals - H4Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK)
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.
MSLV -- Bonanza gold/silver grades; cheapMSLV presents a very attractive opportunity in the mining friendly district and with gold/silver hitting fresh highs. Fully funded for this year. Strong management which is marketing savvy. Churning through IPO paper but could explode at any moment, IMO.
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Mantaro Silver Corp. Introduces High-Grade Sampling Results from Recent Program at Santas Gloria Silver Property
VANCOUVER, BC, June 2, 2021 /CNW/ - MANTARO SILVER CORP. (TSXV: MSLV) (the "Company") is pleased to provide an update on its high-grade silver Santas Gloria Silver Property, located 55 km east of Lima, Peru. The Santas Gloria Silver Property, which is 100% owned, is comprised of three mineral concessions totaling 1,100 hectares.
Highlights of Santas Gloria Silver Property:
- High-grade Underground Channel Samples of over 10,000 g/t Ag at the Tembladera Vein and over 4,100 g/t Ag at the San Jorge Vein in Mantaro's recent exploration program (see Figure 1 for all silver results of the program).
- High-grade gold of 56 g/t Au at the Kelly Vein in Mantaro's recent exploration program (see Figure 2 for all gold results of the program).
- Approximately 16 major veins and vein splays with a cumulative strike length of over 12 km.
- Planned 7,500 metre drill program for the Tembladera Vein System, San Jorge Vein System, Kelly, Maribel and Paquita Veins.
There are over 12 kilometers of intermediate sulphidation veins and vein splays arranged into a number of key target zones: the Tembladera Vein System, San Jorge Vein System, Kelly Vein, Maribel Vein, Paquita Vein and Rosario Vein. The system has never been drilled tested and exploitation of silver was limited to two areas of the San Jorge and Tembladera veins.