I think anything remotely tied to BTC seems to be booming. TEUM was mentioned in some bitcoin article and it was cheap at $0.87, so I bought.

aggiedata said:

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Thanks for the tip.. wow

Just look at OSTK (overstock.com) today, up 11% when they announced their ICO

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This is another one I don't understand, how are they getting +11%? Bitcoin transactions will make up 0.25% of their sales, maybe... there is no logic.

Just mention bitcoin and it goes up today...sooner or later it will pop but might as well ride it now

Vivificus said:

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aggiedata said:

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Thanks for the tip.. wow

Just look at OSTK (overstock.com) today, up 11% when they announced their ICO

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This is another one I don't understand, how are they getting +11%? Bitcoin transactions will make up 0.25% of their sales, maybe... there is no logic.

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yes, but they are the first major, and it will only grow. Prices are the present day value of future earnings. The future could be very bright. The shift in thinking on the analysis here is what's important. There was a time where this wasn't valued, now, it is.

The future is hard to predict, but you can see where other major retailers will join this movement, or be left out. This will bring further validation. It's exciting.

LFIN UBIA CRCW

pretty Extreme moves, all tied to crypto currencies.

aggiedata said:

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The future is hard to predict

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this so much. Hindsight this year has made me wish I had the cajones to put my whole brokearage account into GBTC 2 weeks ago when I caught the dip or had had the patience to not sell my position of SQ this past spring at $16. Hindsight is such a ***** sometimes

3,463.00USD0.00 (0.00%)

Pre-market: 3,199.00Price decrease 264.00 (7.62%)

It's starting.

-14.5% to $2960...

-21%

Holy **** that just gave me a heart attack.

It bounced back up to -17%. Do you buy back in???

Glad I didn't buy at opening this morning. I really thought about it

Texaggie7nine said:

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It bounced back up to -17%. Do you buy back in???

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I'm not getting back in yet, but I have been wrong plenty of times before.

Texaggie7nine said:

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It bounced back up to -17%. Do you buy back in???

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I did. I would have made good money on my dump and rebuy if it hadn't takin so freakin long to fill my orders.

Falling it all made sense. It resurging is confusing. I guess people are just riding the waves and don't give a crap about what it will be worth in a few days.

BlackGoldAg2011 said:

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Texaggie7nine said:

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It bounced back up to -17%. Do you buy back in???

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I did. I would have made good money on my dump and rebuy if it hadn't takin so freakin long to fill my orders.

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Yeah, I know I don't have the speed of transactions to be sure I'll get in and out when I want to.

What price did you get back in at?

Texaggie7nine said:

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What price did you get back in at?

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sell order filled at 2750
buy order filled at 3028

(i placed the order at essentially the reverse of that.)

so i'm still up for the day, and am still way up from when i originally bought, but dang that transaction timing

back to +0.55%

W T F

-9% @ 1:23 central

Down 11% on the day. Another short dip or finally correcting?

While GBTC is up and down big, MGTI has been steady rising and easier to buy in under $10. I like it that McAfee is involved in this one.


MGT Capital Investments (OTCQB: MGTI) is a U.S. based bitcoin miner that has seen its shares skyrocket recently, rising from under $1 in April of this year to $4.20 as of December 15. The company plans to expand, and is working on the development of a portfolio of cyber security applications with the assistance of security software luminary John McAfee. The goal is to create advanced protection technologies for corporate networks and devices for personal use. MGT Capital has reported that it plans to purchase a further 500 S9 Antminer rigs from Bitmain Technologies, with delivery to be completed early in 2018. Once the new cryptocurrency rigs have been added to the company's existing rigs, MGT Capital will have over 5,000 Bitmain S9s mining bitcoins, generating millions of dollars of monthly revenue.

Looks interesting. Definitely a more stable way to invest in bitcoin rush.

Rook here...... How do you buy it? I place an order on market price and it won't let me buy.

I'm trading with my IRA in Fidelity. It let me buy MGTI like normal. Got about 130 shares.

GBTC - 20%

Texaggie7nine said:

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GBTC - 20%

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I feel better now, I got out above this !

Looks like I should have waited a bit before buying into MGTI

Texaggie7nine said:

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Looks like I should have waited a bit before buying into MGTI

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There's always tomorrow to have it bounce back right?

gougler08 said:

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Texaggie7nine said:

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Looks like I should have waited a bit before buying into MGTI

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There's always tomorrow to have it bounce back right?

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I'm sure it will bounce back once bitcoin starts to steadily grow again, but I'm just saying I could have gotten more stock for the same price.

At about $2,000 I think this is a buy again...

The proper valuation for this is 0.092 x BTC, correct? That's all this stock is? Am I missing something?

You're missing the premium for exposure to BTC without actually having to own any.

True.