Going_4_It
2 weeks ago
I have been buying Call Options on CORZ as far out in the future as possible and doing quite well.
I bought the $10 Call Option on Wednesday that expires on January 16, 2026 and it is up 86% in 48 hours.
I was so enthused about the performance that I bought the $17 Call Option yesterday and today it is already up 17%, in one day.
And as of today they just added another Exercise Price tier at $20, which is a strong indicator of where the stock price is going.
The options that I have bought have 582 days until expiration. I believe strongly that Bitcoin is going to $100K and higher in the next 18 months. If true, then this should push the CORZ share price above $50 a share, giving me at least a 10X gain.
The higher the share price goes the more Warrants will get exercised producing ever more income to the company. According to the rules agreed to in the Bankruptcy proceeding, the majority of this income has to be used to pay down the debt. So I think that it is a given that over the next 18 months Core should be totally out of debt and very well could be the most productive and profitable mining company.
All just my opinion... Do your own DD.
77Port
3 weeks ago
Yes: ".. persuaded them to throw in a dirtbag low bid, perhaps thinking that it might persuade investors to sell, trying to make them think its over valued."
It's that slow realization the opportunity has finally run out of more run space. $5, or even Riots' $2.30 bid, might have worked 6 or 12 months ago. But that ship has sailed. $10, the new price, will likely fall just as quickly, too.
It's anybody's guess what happens when this light bulb moments hits all of the fund managers at once?
This being an election year, no doubt there will plenty more shenanigans left in 2024. But it won't be too long before FOMO begins to tighten around the mutual fund and hedge fund managers, not to mention the actuaries who hold the insurance funds. I'm betting it's around the time somebody finally explains how bitcoin and mining actually works to all of these managers.
Perhaps they haven't yet reached the realization that without mining, BTC doesn't come into existence. That there will only be 21 million total BTC and that 19,700,000+ have already been accounted for.
That the next two million mined will likely raise the price of all that came before.
The awareness of scarcity is going to rush in very fast and it's likely to trigger a panic which has been ignored for a long time.
Not sure if this will happen to other crypto, too, as they don't require mining. We shall see.
trendzone
3 weeks ago
Kind of looks like as if big shorts persuaded them to throw in a dirtbag low bid, perhaps thinking that it might persuade investors to sell,trying to make them think its over valued, so the criminals could cover their shorts, it backfired on them,a broker upgraded the stock today with a $10.00 PT,the criminals better close their shorts before the close.
EquityMonster83
6 months ago
$BTC.X $IBIT
The second-highest trading volume was recorded by BlackRock's iShares $IBIT ETF, which started with an AUM (assets under management)of $10 million and issued 400,000 shares.
https://www.ishares.com/us/products/333011/ishares-bitcoin-trust
IBIT went from 227.9 BTC and no cash yesterday to now 2,620.59 BTC and $111,912,401 in cash.
10x the bitcoin and 10x amount of cash of total AUM after one day. Interesting the price got hammered.
EquityMonster83
6 months ago
BTC ETF approved.
WASHINGTON/NEW YORK, Jan 10 (Reuters) - The U.S. securities regulator on Wednesday approved the first U.S-listed exchange traded funds (ETFs) to track bitcoin, its Chair Gary Gensler said, in a watershed for the world's largest cryptocurrency and the broader crypto industry.
The agency approved applications, including from BlackRock BLK.N, Ark Investments and 21Shares ABTC.S, Fidelity, Invesco IVZ.N, and VanEck, among others, according to a notice on its website. Some products are expected to begin trading as early as Thursday.