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Explanation of the Stock to Flow Model as Bitcoin Pulls ...
Security Now! Transcript of Episode #631
Some perceived catalysts for MARA
Firstly, let me say, I hate how energy-intensive Bitcoin is and would never support the market for mining it in the long-term. However, below are what I believe to be a series of perceived catalysts for MARA as a swing play. Yes, some are more compelling than others. And yes, some should never even be graced with the name 'catalyst', but in the era of Lambos and rocketships, they will very much (unfortunately) be taken as such by those more naive to the space. What does MARA do? MARA mines Bitcoin. What is Bitcoin? In essence, a digital currency. A form of value not governed by any government or centralized institution. Hopefully this isn't news to you, but if not, here is a good place to start. What is mining? In essence, the process that is required to generate new bitcoins (better explanation here). Much like mining for gold or drilling for oil, you need to follow a process in order to generate more Bitcoin. Much like other commodities too, the price that they are selling for has a big impact on how profitable miners are. Why MARA, why now? Bitcoin has been flirting with the $10,000 mark for some time now. $10k for Bitcoin is a bit like $1 for a penny stock. It's tough to break, but once you do, a lot of heads start to turn. If Bitcoin moves, MARA is more than probably going to follow suit. Catalysts
Last time Bitcoin broke $10k price on 2nd June, MARA jumped from 0.72 to 0.91 (26% up) at the opening and ended the day at 0.82 (14% up). Bitcoin chart & MARA Chart
Companies with exact same business model are up 100-200% in the past month (DPW & NETE)
Message volume is up 40% on MARA StockTwits ("change in social interest or social momentum.")
Convertible Note Fully Converted to Equity reducing long term debt reduced to zero in May (here)
The sector is heating up due to Bitcoin price increases recently. MARA have managed to secure additional mining capacity despite it becoming increasingly hard to do so.
"The company now has additional mining capacity scheduled to arrive in May, July, and August of this year. Only one NASDAQ listed company has announced more hashing power coming online this summer than Marathon". (here)
"With the recent price increase of Bitcoin, the forward months of each batch of production capacity of Bitcoin miners has been selling out. The company has worked very aggressively to acquire miners with the nearest delivery dates so the miners may be put into production as soon as possible." (here)
Company Estimates 280% Increase in Operating Hashrate to 129 PH/s when miners are received and deployed in July (here)
Q2 revenue should show a significant jump given the additional capacity and rise in Bitcoin price.
Reported revenues of $592,487 during the three months ended March 31, 2020 - up 157% from the same period year before.
This was with far less mining capacity and a Bitcoin price sitting far lower at between $7,000-8,500. (here)
Why Analyst Say Now is the Time to Purchase Bitcoin
Despite the recent crash in Stock Market, oil, gold, and the Crypto Market, many analysts and professionals traders are telling people that now is the time to get involved in buying crypto assets. A former National Security Agency contractor Edward Snowden twitted, "This is the first time in a while I feel like buying Bitcoin. That drop was too much panic and too little reason." Indeed, as many would have said, "I buy when people cry." #Bitcoin#DeFi#BuyCrypto Why Analyst Say Now is the Time to Purchase Bitcoin
I created an easier way for non-programmers to access their favorite Bitcoin and cryptocurrency services within Google Sheets.
TL;DR: I created an easier way for non-programmers to access their favorite Bitcoin and cryptocurrency services within Google Sheets. You can find it here: https://chrome.google.com/webstore/detail/spreadstreet/fghpmppcbabgnpekploacbjijhppnkpp?authuser=0 Hey all, I know some of the members in the group prefer to use spreadsheets (including myself) so I created a Google Sheets add-in that pulls in certain API endpoints from popular Ethereum and cryptocurrency services. I never had the time to develop software engineering skills, but the tool allows regular joes like myself to harness the power of APIs. Requirements:
Spreadstreet add-in (can download from within sheet)
Services and endpoints included: Bitcoin Charts
Markets: Returns a table with elements from each market
Markets: Used to get the open and available trading markets at bittrex along with other metadata.
Difficulty: A relative measure of how difficult it is to find a new block.
Recent Symbol Messages: Return the most recent 30 messages for the symbol
Products: Get a list of available currency pairs for trading
Historic Rates: Historic rates for a product. Rates are returned in grouped buckets based on requested granularity.
Complete Ticker: Returns actual volume-weighted prices, total 24h volume, rate change as well as prices and volumes across all connected exchanges
Mining Contracts: Returns all the mining contracts.
Mining Equipment: Used to get all the mining equipment available on the website. It returns an array of mining equipment objects.
Ticker: The ticker is a high level overview of the state of the market. It shows you the current best bid and ask, as well as the last trade price.
Hoping this is something that is useful to the group, and I am more than happy to help peeps setup the sheet so they can use it. Just send me a message on here or to my inbox. Full disclosure I have set the add-in to be a 14-day free trial, and $15 a month after. I am currently exploring ways to make the service free, such as:
Sponsored connections: Free connections that anybody can use where the service pays me to host them on the add-in
Community submitted connectors
Rate-limited free level (currently do not have development talent to implement this)
I am in no way affiliated with any of the services listed, except for the actual add-in itself. I just happen to find the services very valuable. Helpful template to get you started I created a sheet that has some initial instructions, as well as a setup for Bitfinex. It brings in candles data, and recent tweets related to the symbol of your choosing. You can find that sheet here (File -> Make a copy): https://docs.google.com/spreadsheets/d/1P5WkVIk-e8jhVMS7TaptSKI83c1Ut5crLM1r8CUFUXc/edit?usp=sharing A note on security: Our industry is rife with corruption. I know the hesitation involved with installing something that is script-based, like a Google Sheets add-in. I am here to help ease those fears with a couple of facts:
This is a U.S. based company, and I am a one-man show (for now)
My business location, phone number, and e-mail are all public knowledge as required by the laws of the United States
I am here to provide a valuable service, and something that I hope becomes a treasured tool within the space
The app is on the Google store, and they do a full review of all applications before allowing them to be pushed to the store. While not perfect, you can be reasonably assured they catch most malicious programs
If you are still hesitant, there are a couple of ways to test it without installing on your main computer, such as testing it in a virtual environment first.
Currently the add-on has no authenticated endpoints. Before I implement these, I will put our code under a strict third-party security review that will be posted for everyone to see. I will not release that version until we are certain security is top notch
Security Now 287: BitCoin CryptoCurrency. By Z24Crypto Posted in Videos. Posted on October 21, 2019. Share this... Facebook. Twitter. Linkedin. Hosts:Steve Gibson with Tom Merritt Firefox adds “Do Not Track”, Verizon alters web content, McAfee on Mobile Malware, BitCoin, and more. Download or subscribe to this show at twit.tv/sn. We invite you to read, add to, and amend our show notes. For ... A 17-year-old in Tampa, Florida, is accused of taking over the Twitter accounts of Elon Musk, Bill Gates, Barack Obama and numerous other celebrities to scam people into sending the teen bitcoin. Bitcoin is having its worst week in over three months. Is it a bargain? Let’s review a common valuation model for perspective — the “stock to flow” model. The Stock-to-Flow model attempts to value BTC in a way similar to other scarce assets like gold and silver. Its basic concept is that widely produced commodities like oil, wheat and copper aren’t good stores of value because new ... TradingView. Sign In. Ticker Trading Ideas Educational Ideas Scripts People TradingView. Sign In. Ticker Trading Ideas Educational Ideas Scripts People
Security Now 242: Your Questions, Steve's Answers 89
This week, before we focus upon the industry-wide catastrophe enabled by precisely timing the instructed execution of all contemporary high-performance proce... In this special rebroadcast of Security Now from February 9, 2011, Steve Gibson explains, in detail, exactly how Bitcoin works. Download or subscribe to this... This week we discuss France, Britain, Japan, Germany & Russia each veering around in their Crypto Crash Cars, Wikileaks' Vault7 reveals widespread CIA WiFi r... TWiT Tech Podcast Network Recommended for you 8:11 How To Connect Two Routers On One Home Network Using A Lan Cable Stock Router Netgear/TP-Link - Duration: 33:19. Security Now shownotes For 16kpbs versions, transcripts, and notes (including fixes), visit Steve's site: grc.com, also the home of the best disk maintenance and recovery utility ever written ...