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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.
Long
by NileshVerma
Gryphon; The start of an Ecominting Empire or just a starterDISCLAIMER This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. There is absolutely no financial advice here because the only financial advice I can give is to research, research, and research. The purpose of this analysis is to serve as an example of an investigation into a company's background, fundamentals, and assets through various lenses to determine if it is a good potential investment for you. The function of this write up is to serve as an educational resource for investors looking to understand how to find good investments. So read and learn some things about a company that might just be the first of many, or the first and last before the next wave of entries. Pre-Thesis The holding company, 3D Sphere is a zombie company. There is no way this company has been doing anything other than filing necessary SEC documents. The company website hasn't been updated in years, and the prospectus sentence on what 3D Sphere bring to the table starts with gibberish and ends with NASDAQ listing. Eventually someone is going to come to the realization that ANY was garbage and this was some cheap way for Gryphon to get listed. Thesis ANY is a cheap ticket to the big boy table for Gryphon to get some money quickly and to capitalize on their own personal wealth. For something that cant cost as much as $50 million dollars, to be brought down to something as low as $3 million dollars, and then get a huge payoff on the initial investment anyways? Yeah, the system is broken and NASDAQ, NYSE and every other old exchange need to go. Trust that I have deleted 3 paragraphs of that tangent at this point. Gryphon is an idea resting on the laurels on a guy our age or younger with about as much legitimate business experience as we do. But I think that is a cheap version of the real picture. Rob Chang is definitely unqualified on paper to be at this scope, and certainly has a lot of learning to do, and there are a lot of stumbles he and the rest of the team at Gryphon will face; but I think he is the better equipped to lead this business than his peers. The truth is that Crypto Minting is not a sexy business, and that someone keeping a level head and a real business plan is exactly what the field needs. A vast majority of the Crypto Minting field is privately held server farms, small groups ranging from your toaster to mega-clusters of warehouses in China. As much as it pains my ideals to say this, having a public hand around a companies throat, especially in a field as important in the future as Crypto Minting, is a good way to control them on both ends. With the invention and adoption of staking, allowing individual holders to give their representative power to specific mining groups, this is allows players inside and outside a level of control; control by ESG-minded investors is a good thing. My personal assessment of Gryphon Mining is that Rob Chang will be the CEO and major leader of the entire operation, with co-founder Dan Tolhurst playing a more quiet role, and Brittany Kaiser, independent Chair of the board (meaning she doesn't do anything), will be the vocal and outspoken voice for getting ESG investors on both ends. Everything coming out of Gryphon is going to be on message and all about a greener and more ethically diverse and inclusive world. Even if they aren't and even if they don't. The business plan is well laid out, extremely simple and the team are hungry. Anyone interested in investing in Gryphon, one way or the other, should real their investor presentation. It is clean, extremely thorough, written by an accountant with an eye for breaking down every single step, meaning they have done it before. The real question becomes, can they succeed at scale, and what do they do with all that money? Even at modest projected rates of a $60k USD/Bitcoin by 2025, they will have ~$117 million dollars of pre-tax cash flow. They have a clear interest in expanding and taking over the market in their investor presentation, language likely mimicked in their private funding meetings. While Rob Chang is the Captain, it is on Dan Tolhurst's ship. Gryphon is going to be a mix of how Chang and Tolhurst dance together through the steps of getting off the ground and through the next 6 months, and how they find a sustainable rhythm to grow together in. While elements of Gryphon are concrete, such as their profitability, their position in the field is what remains to be seen. Gryphon is poised to be the first of a large rise of Eco-minters. If they can manage their position in growing with, or ahead, of the rest, then Gryphon has an extremely bright future. Personally, there is too much money in geriatric financial businesses that is going to realize they need to be a part of the future, not the past. Even the big banks need to entertain the idea that becoming major Cryptominters themselves could be their best chance at a future. I believe Gryphon can get themselves together and off the ground, anything past that is something that every interested investor needs to keep an eye on. The ~History of Gryphon Digital Mining Gryphon Digital Mining is a brand new entity with $14M in Series A funding from Alpha Sigma with private backing from the Founder along with the personal wealth of the CEO, and a big ol' loan. Anything else is speculation and a rough sketch of a statue with a sheet over it. So here's my picture: Rob Chang comes on as CFO of Riot Blockchain, which blows up for obvious reasons. That stock goes on a whirlwind and its run by a megalomaniac, but Rob Chang turns out to be really good at this. This is basic college accounting, squeeze as much out of as little and fine tune the excel workbook to figure out how much money they can turn around given a bitcoin price at any given time. Then comes Dan Tolhurst, a man looking for the next step in his young capitalist life. Having had some success at Disney and Netflix, having amassed a personal fortune and a little business know how thru various life avenues, decides to throw together a bitcoin mining business, make it look ESG and pretty, build it up. While we are arguing over how much Bitcoin should be worth, whether $100k by decades end, or by years end, the guy wants to mine the bitcoin and laugh about the argument all together. Throwing this whole operation as cleanly and quickly as they did impresses me: The quick reverse take over, the business plan from theoretical to actual, setting up temporary mining before the August delivery and lengthy start-up. From birth to here, ~$300 million market capitalization, all in under 6 months. Now we have to decide if this historical run stops here, or continues on. Just kidding, now we have to speculate, we have to guess, analyze every little move, every little word, every tweet to figure one thing out: Is Gryphon real or fake? Gryphon Business Plan gryphondigitalmining.com Simple, ~10 minute investor presentation, and is all the information we have currently. Following the tweets of the Trio, it looks like they are extremely busy getting through the hoops and putting everything together. I would expect a significant amount of information to come out in the coming weeks, not just about the M&A, but about the full extent of the business plan. The basic premise is to build a crypto-mining platform, primarily focusing on bitcoin, with direct renewable energy supply lines, that they also hope to own. They break down the cost of business for crypto-mining and show it is overwhelmingly energy. By combining renewable energy sources with cryptominting, they hope to become the largest bitcoin minter with a completely carbon neutral/negative footprint. While Gryphon's investor deck is all we get so far, what we do know is that 8,727 Bitcoinminters are in production and on their way due ~August 2021. Gryphon has thrown together a backup plan of renting computational space on privately held bitcoin minting farms, that way investor funds are secured by a secondary source of income. Also, Rob Chang probably isn't giving Bitmain their money until machine delivery, so this is an easy way to actively invest your previously invested money. This is really smart, but really dangerous. If bitcoin goes dead, this goes deader, so if you don't believe in bitcoin, and aren't comfortable with the thought of that risk, this might not be the company for you, right now , but it might be worth checking back in a few months. If Chang and Tolhurst can work, and grow together, Gryphon is going to succeed by nature. Not to say they won't be outshined by competitors that can throw a lot more money around than anything Gryphon could scrounge together, and hurt exposure for growth; but Gryphon's profitability is cemented. There are only two reasons Chang and Tolhurst are going public with Gryphon like this: 1) Tolhurst and Chang have realized that the stock market can be genuinely utilized as a method for getting seed investment funding if the investor base is properly treated. Rather than take a large loan from a private bank or VC funding, just for them to take a massive share of the profits for no work done, head straight to the market for the funding, no interest rate, make money on every step of the process. 2) This is a pump and dump and there is no sustainable plan behind it. Given the almost arrogant naivete tone of Dan Tolhurst, and a very easy self-image for taking a few million dollars and turning it into a few billion dollars within ~10 years, my guess is he is on board all the way. And while Chang has no real history or reason to garner so much faith or trust from a public eye, the presentations coming from him feel more like excel sheet data than exciting marketing verbal assaultage. At this point, the more nitty gritty the better. If all Gryphon did was offer a dividend as a derivative of bitcoin, they would deserve something a bit higher than what they have now. If Bitcoin calms down to a 15% YOY return starting with 30k now like Gryphon suggests, which is extremely conservative, although right now it feels harder and harder to agree with that, they stand to make $117 million in cash (slide 25). That is the kind of free money that allows someone to build empires. I don't have a reason to believe Tolhurst & Chang are capable of building empires, but I don't have a reason why they can't learn how to. To summarize the plan: 1) Start renting space on existing bitcoinminters to begin cash stream 2) Setup currently owned minters and begin in house production 3) Research alternative revenue streams with profit from minting 4) Develop plan for expansion of minting and energy production, fulfill total vertical integration Hopefully we get more in the coming weeks, so definitely keep an eye on EDGAR for that. Bear Theory The only real bear theory a reasonable investor should entertain is that the company will get off the ground and spend the next few years making failed launches to something bigger. At the current price channel, and ranging from a ~200M to ~500M is extremely safe as the business is stupidly easy and Minters don't really compete against each other the way the market is used to. Furthermore, the head and shoulders collapse or crypto and bitcoin is extremely risky given the international adoption of Bitcoin and embrace of the growing global economy for a global synonymous cryptocurrency. If you are looking for a stock to short, I would avoid (any) this one, just sit back and watch elliot waves present themselves. I would not be willing to bet money on that first peak being the highest (especially as I bet a little bit that it is not). Bull Theory It is here that I will disclose a position in ANY (as of 6/21/2021) of 1,000 shares at $3.00 (no one gets it right always y'all, talking about failures is as important as talking about successes, as is learning from them). I don't see ANY going to "the moon" anytime soon, but I definitely can see a return to the ~$4-5/share range given a reasonable cup and handle upon more news. Tied with the unresolved OBV from the major trading day, and overall non-sensical behaviours of the market right now in general, I see ANY for the short term potential. I like the idea of Gryphon, and the team seems like a fun bunch of keep an eye on, but there are too many risks and unknowns for me to make a major claim or stake in them as of now, unless I had the ability to directly mold/work with them. I am a hands-on person, and I aim to become an active investor; Gryphon presents the perfect opportunity for a guided hand. Tolhurst & Chang could use more help than they realize. Furthermore, I believe that right now is the perfect time to go bigger than smaller. China's crackdown presents the greatest opportunity to become the perfect vehicle for crypto-minting. Additionally, what Gryphon is building isn't just a bitcoin company, even they admit that. Gryphon should be looking for billions to directly compete against Riot and Mara right now, not in 5 years. And that right there is the bull theory, the business is backed by too many favourable outcomes, the business is relatively risk adverse in that the revenue for bitcoin price is relatively great compared to alternative ventures. Furthermore, with the start of staking, any company giving itself the right name is going to become a giant. That is about as much of a bull theory I can write, because it is at this point that any reader should recognize an obvious skew in narrative tone and lead. I am clearly invested in Gryphon, not just financially, but intellectually. I want Gryphon to succeed because I want what is best for Mother Earth. I can't give you a good bear and bull theory, or rather I could, but I genuinely don't believe in it, and this is one of those points where I can make arguments for both sides of the climate crisis, but one is fake. So, instead, here is a list of things that I am going to keep an eye on: What happens when Bitcoin stops going 100% YOY? I.E. What is the operating cost margin versus buffer built-in to the company? Long term goal for minting centers? Going full Eco-green or on-paper green? (Building sustainable energy vs buying carbon credits) Ability for CEO to think outside the box? Can Rob Chang plot the future of the company and field or is he just along for the ride, struggling to get on the board? Financial institutions around the world pushing for their own digital currency vs accepting a common one. Bitcoin for all vs China digital yen + US digidollar + etc etc. Future investors. The company will change with its major investors, if anyone gets a huge hold, the company will bend the knee to them. Definitely keep an eye on who amasses shares. Competition. Not necessarily in existing companies, but definitely in what is coming out of China. Look at who or what takes over the eco-minting field space. Location. Spreading out versus isolating themselves in a region will be very interesting. It will affect the localization of the investor base and potential competitors. Furthermore, where they hub themselves will be big. Miami is making a big push right now for themselves, but Elon's Starbase seems to be where the CEO is located via Twitter. Big partnerships. Given that last little bit, I am definitely curious to see if there is something brewing for Gryphon in Starbase, Texas. Disclaimer Thank you for reading this analysis. The sole purpose of these are to serve as an educational resource for any one to gain an understanding of what to research when deciding to make an investment. If there is any material in this analysis that you feel could be explained better, or in more detail, or even if you have just a little question, let me know! As I develop this skill, my aim is to expand the reach of these articles to cover more topics to a wider audience. Feedback helps me grow, so I am happy to read the comments. For legal reasons, this is not financial advice, I really really really cannot stress that enough. Furthermore, I do own 1000 shares at a price of $3 per share. This information is given due to European financial regulations, not as financial guidance. This information is only accurate as of the date of publication, June 21st, 2021. The original, and only version published by me is on Tradingview.com.
NASDAQ:ANYLong
by DoctorFaustus
2
RIOT BLOCKCHAIN A LEADING INDICATOR FOR BTCAs I've pointed out in the chart, every major move that has occurred in BTC has come on the back end of a RIOT Blockchain move. The 2 are obviously correlated, and picking through the price history dating back to the major dump of 2018, I've noticed RIOT always goes first, whether it be up or down. This has happened perfectly in sync since RIOT has actually started mining BTC. Currently, RIOT has already started a bullish breakout and is up about 67% since the local low. BTC on the other hand is only up about 28% from it's local low. RIOT will be very important to pay attention to going forward, as they have a large amount of their shares owned by institutions, as well as close to 2% ownership of the BTC hashrate coming soon. Just wanted to point this out! Always good to find an edge somewhere ;) - CA$HLESS
NASDAQ:RIOTLong
by CASHLESSSOCYS
1
Support/Resistance EBON & InflationIt's been said Bitcoin could be a hedge for inflation..... digital gold...Whatever the case, crypto stocks and miners could be something to keep in mind. EBON has gotten beaten up pretty good and is back at the historic support/resistance level. IF the inflation speculation is accurate, it'll be interesting to see if the stock can firmly break back above this level. "Ebang is considered a relatively pure-play cryptocurrency stock as hot produces circuit chips and crypto mining machines in China. Both of these items are in high demand right now, coupled with a major shortage. Because of this, many investors are bullish on the future of the tech industry, and specifically with crypto mining companies like EBON stock. With this in mind, is EBON worth adding to your list of penny stocks to watch?" Quote Source: Best Penny Stocks to Buy Ahead Of Inflation? 3 To Watch Right Now
NASDAQ:EBON
by PennyStocks101
1
BITCOIN Analysis May 2021Target achieved after a month of waiting. Gratitude to MIchael J. Huddleston(The Inner Circle Trader)for providing me with the tools to analyze these markets. I'm always an apprentice and will always be, getting better day by day. Bought at huge discount and I'm still waiting for more as I labeled the prices below to keep doing DCA and buying at great discount. As he says: Show me the charts and I tell you the news. Elon Musk can say whatever, he's just one more person in the system trying to be the market maker of it all following his own agenda advertising XPRIZE.org Buy when there's blood in the streets. Fearful when others are greedy, greedy when others are fearful
BITSTAMP:BTCUSDLong
by LegionWolf
BITCOIN Analysis May 2021Well, not much to say, check the correlated analysis before it happened when I was waiting for this opportunity since April. And now we are getting closer, it's a matter of submitting yourself to time until we get the best buys below 50k. There's a lot of liquidity down there and I even risk of saying it can go below at 38-39k USD. My plan is for the long run, 5-10 years horizon, so I will be always doing DCA into it. Basically we had 2 redelivery rebalance in price and now the bigger gap is between 41-43k USD, best zone to buy into it at very good discount price
BITSTAMP:BTCUSDLong
by LegionWolf
Potential Stimulus Play / Long TermSee what happened last time the government handed out Stimmy. We went from .58 to 1.21 in an hour. I'm not saying the same thing will happen this time; however, I think the chances are good. Fast forward to a current chart for ARGO, you'll see sideways consolidation. This is a long term hold (6 months) for me. Lots of positives: New construction should be started on soon in Texas. We should see bigger players like Facebook/Google/Apple jump on the Bitcoin train SOON. Once that happens, market confidence gains. "I like the stock." I think this is the time to start dipping your feet in. We are on the ground floor. This is not financial advice.
OTC:ARBKFLong
by daSNAKE601
Is Hive trading in a Bullish Flag?Since my previous post on Hive linked to this chart, the share price has broken flush to the upside of an Ascending Channel, and upon back-testing old resistance there's been a double bottom where I have placed two blue finger icons, and old resistance has turned into new support forming a bullish flag upon consolidating, inherently bullish in my opinion. On the RSI there's a similar pattern to the price action. The KST has seen a bullish cross where I have placed the blue downward-sloping finger, and I've placed a question mark at an area where it's likely another bullish cross will occur near term, depending on the macro environment for Ethereum & Bitcoin. The pattern could always play out bearishly as a descending triangle, if there's a loss of support at the upward sloping channel area that has acted as the baseline support of the bullish flag then my narrative will adjust accordingly. If the bull flag pattern were to lose support, I'd expect the next area of support around the bottom part of the upward sloping channel, similar to the path I have drawn in red on the chart.
TSXV:HIVELong
by ScotianBot
5
Brace Yourselves | Consolidation Coming to an EndSo, this past week was rather flat for Bitcoin in comparison to the previous ones. We saw the market consolidate further up but essentially become flat due to the very important resistance level of 6900. We saw it retest the resistance MULTIPLE times on the lower time frames, and yet, failed to breakout of it every, single, time. Despite the positivity coming from the global markets this week, Bitcoin didn't seem to correlate much within their volatility as it did before. Sellers are still in charge and they are refusing to be fooled by the news trying to say "everything is alright, the collapse is over". No, it is not over, it is merely a pullback before another upcoming dump and Bitcoin investors are well aware of it. Should we see a possible chance of breaking above our consolidating wedge, then we will instantly see a huge wave of FOMO buying power coming into play, which will ultimately boost Bitcoins price higher...but do you really think this will be the case? CME futures are going to be closing in the next 8 hours of the time of writing this and Bitcoin is circulating around their major resistance area as well for now. A lot of volatility usually comes in before closure time, where we will see huge moves being made by either sellers or buyers, giving us a better perspective of which direction the volatility will head onwards. My bias remains bearish (as stated within the previous posts), and I'll be looking to take further shorts if we manage to reach our resistance levels of 6800-6900 again. Should we see a clear breakout of the ascending trendline and the current level of support around 6400, then I'm afraid it's all going to be downhill from there FAST. Sunday will definitely open up with a huge gap on the CME futures, the question is, are you ready for it? The mining industry is also looking interesting for Bitcoin at the moment. As soon as the mining difficulty dropped by 16%, we instantly saw the BTC hash rate pump up from 75m TH/s, all the way to 113m TH/s. I guess everybody turned on their farms again once they saw how much lower the difficulty dropped. Normally this is a positive sign for the Crypto markets, but we didn't see it react to that point as much, which further gives me these bearish insights. Either way though, let's see how we close off this week. I will keep this post updated if anything changes. If you found this post useful in any way, feel free to leave a 'Like', it will be highly appreciated! This is NOT a financial advice, trade at your own risk!
BITMEX:BTCUSD.PShort
by Proszi
CHRISTMAS BONUS!!! $25,000 IN 48 HOURS!!! $1,000,000.00 a year is only $2730 a day. $2730 a day is only $110 per hour if you earn money 24 hours a day. If you're only working 8 hours a day, how do you make money in the other 16 hours? You need a business that pays you whilst you sleep. Simple! There is nothing wrong with having a job to pay the bills, but a job rarely sets you financially free. You need a business that pays you 24 hours a day, 365 days a year that you can build in the pockets of your time. Crypto currencies and forex investments opportunities can do that for you.
COINBASE:BTCUSDEducation
by Nettiewhite
5
BTCUSD: Miner Capitulation Is Here... Back Down To $3,800?The chart speaks for itself. The extrapoled price comes from the "2018 miner capitulation" that caused the price to drop 50%. Will we go back to $3,800? Unlikely, but clearly this is possible if the capitulation is as aggressive as 2018. Notably the VPVR is supporting the price target of $3,800, as is the extrapolation, with forecasted price for the block halving in May 2020 above $6K followed by another swift recovery and subsequent bull-run. This isn't the first theory regarding price forming a higher low double bottom instead of holding the $5-6K area. As published last year, the 50 & 200 Day death cross also resulted in a 50% drop in price in 2014 and 2018, implying a 50% probability of such an outcome (using 4 sets of available data).
COINBASE:BTCUSDShort
by dragononcrypto
Is Hut 8 Trading In A Descending Triangle? It would be interesting considering Bitcoin broke down from a massive descending triangle recently. Maybe this is one giant bull flag, but I don't see why Hut 8 would rip to the upside & break resistance if the underlying asset is declining in price. Hut 8 has held up relatively well compared to other publicly traded Bitcoin & cryptocurrency miners. Even compared to Bitcoin itself. Bitcoin is down roughly twice as much as Hut 8 on a monthly & 3 month percentage gain basis. Weird. I think the up listing the TSX is going to actually have a very bad effect on the sp & I wouldn't be surprised to see this get into the low 90c range. The tsx isn't your friend, lol. Time will tell per usual..
H
by ScotianBot
Bakkt Analysis A quick analysis of what can happen with BTC. I saw a symmetrical triangle in the daily chart of BTC. Which will probably break out upwards due to the strong support around 9500. I think the price of btc will go sideways until the launch of Bakkt. When Bakkt launches without any obstacles there will be more demand for digital currenties, which will eventually lead to a higher price of Bitcoin. A lot of crypto enthusiasts believe in a massive bullrun around that time. Not only because of the launch of Bakkt, but also cause the halving of mining. Which will lead in a smaller generated supply of Bitcoin. Concluding: There will be a higher demand on bitcoin, but also a smaller supply. Which can possibly be a good reason for a massive bullrun.
COINBASE:BTCUSDLong
by The_Prince