#Breakingnews #Altcoingazette #initiates #Newscoverage of #Cryptocurrency and #Internet #ETFs #GBTC and #ARKW on Future #Breakout!

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Published: 18 November 2022 18 November 2022

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Hey Readers, John T., Editor In Chief of 
the Altcoingazette.com here. How are you this 
fine day?, I hope all is well with you this 
Great Day!

So, I like so many of you, have been doing research 
on the Cryptocurrency and internet stock\stonk\cryptocurrency
markets. I Just read that C. Woods just took a position
in Grayscale Bitcoin (GBTC): Grayscale Bitcoin Trust (BTC) is an investment vehicle that enables investors to gain access and exposure to Bitcoin in the form of a security without the challenges of buying, storing, and safekeeping Bitcoin directly. The company was founded on September 13, 2013 and is headquartered in Stamford, CT. GBTC is listed on the OTCQX U.S. market tier. OTC market data is provided by OTC Markets Group, Inc (otcmarkets.com). The listed name for GBTC is Grayscale Bitcoin Trust (BTC) Common Stock.

I have recently also taken a very small position in Grayscale Bitcoin (GBTC), with an average price of $9.54, per share. The news is that GBTC is now trading at a -43% discount, post the FTX crisis.

To me currently purchasing the Grayscale Bitcoin (GBTC), this is like purchasing Citigroup (C) stock shares, at this valuation, of a price/book of 0.52. Citigroup (C) is worth at least book value of $102.80, vs. the current quoted price of $48.49. I also own Citigroup (C) stock shares. 

ARKW: ARK Next Generation Internet, announces the purchase of GBTC, representing 4.84% of said fund. Again a value play, that plays out in the future! 

In the future, I am considering the purchase of ARKW: ARK Next Generation Internet, however I want the -100% negative Down Trend to reverse. I like that C. Woods is purchasing GBTC at such a discount to it's -43% discount to valuation. This trade is a speculation, however, over time it should work great!

Here is a link to both ARKW and GBTC, when both of these speculations, go Green Buy, on the Breakout, I will certainly add to my positions of such, as long as I am able to chase up the new Uptrend at Higher and Higher prices! 

I don't like to Buy the dip, rather probe a market and then allow said market to tell me what it wants to do and then pay up, with higher and higher purchases of said speculations...Trend Readers! A market is Never to High to Buy and never to Low to Sell...because, the Trend...is always my friend!

Bitcoin Invt TR (GBTC): https://www.barchart.com
/stocks/quotes/GBTC/overview

Ark Next Generation Internet ETF (ARKW): 
https://www.
barchart.com/etfs-funds
/quotes/ARKW/overview

Readers, notice that both of these speculations are both -100% Red Down Trend! Future Down Trend Reversal pending? Here is my speculation theory, some day in the future, both of these speculations will signal Green Buy! Some day. C. Woods is early. She was also very early in Tesla (TSLA) also. Do you remember that Tesla consolidated for 5 years sideways and then the Breakout to the upside! 

I just took a very small position in Tesla (TSLA), I am also purchasing a very small amount of Bitcoin BTCUSD, now each week! I am probing the Bitcoin BTCUSD market with my small purchase of such. However, again when the Trend Indicator for Bitcoin BTCUSD, signals Buy Green, then I add to my winning speculation of Bitcoin BTCUSD at higher and Higher prices! Trend Readers! 

https://www.barchart.com/crypto
/quotes/%5EBTCUSD/opinion

Bitcoin BTCUSD is currently saying that I want to go lower because of it's current down Trend...Trend Shifts happen...it should also happen for Bitcoin BTCUSD in the future! 

Again a Survey Question: At what price will Bitcoin BTCUSD Trend shift Buy Green? Answer: I have no idea. Second Survey Question: When Bitcoin BTCUSD Trend shift Buy Green? Answer: Again, I have no idea! For me it is just like computer code, of "If Then". "If Bitcoin's Trend shifts to Green, then I chase it up at Higher High prices...I love to pay up for trades! Trend Readers! Trend! 

Not Investment Advice Ever...Opinion Only!

#BreakingNews #Exchanges Related to #FTX are #Sinking like the #Titanic, Whew!

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Published: 17 November 2022 17 November 2022

Hits: 93 93

Ok, Readers, no disrespect to those that have suffered losses in the 
crypto market, or who will do so in the future. Also, I am referencing
the titanic as an analogy, or reference, only! The ship is sinking
and spreading fast, the bilge pumps have failed captain!

Here is a movie clip of the final sinking of the titanic for your 
reference, always hedge against the "dredded" suck-tion' as the 
titanic sinks: 
https://www.youtube.com/watch?v=Fd53_7n-OlA

The Titanic sunk on April 15, 1911 and then "Consolidated" until
it was rediscovered in 1985, then artifacts were "raised" to the surface.
Do you remember Tesla, TSLA, it's stock shares "consolidated"
for about five years, then the breakout! 

So it looks like this FTX implosion has a lot of tentacles, celebrities,
other lenders, Gemini next? News breaking that Gemini, Blockfi and
and Genesis are all announcing restrictions, this is not good Readers!

This reminds me of LTCM, then Lehman Bros. and then Bear Stearns, scary 
credit crisis times we live in these days! 

Bitcoin BTCUSD could plunge to the depths of despair in price to 
the Q1 2020 dip of $3,500ish and then pull a Tesla and consolidate
for 5 years, then the Breakout? Time will tell. 

In 1931-1932, they said the same thing about the Dow Jones Industrial Average
because it had lost approx. 90% price dip, then the huge pump, so why can't 
Bitcoin BTCUSD behave the same way as the Dow Jones Industrial Average has
in it's trading history?

Don't you remember, that Bitcoin BTCUSD has had 4 previous -85% price dips,
only to go onto new All Time High Prices. This cycle is approx. Bitcoin BTCUSD down
from it's record high of $69K, soon to go to $10K, then we have the mega pump
above $70K and then to De Moon! We shall see Readers, just sit tight! 

Bitcoin BTCUSD looks like it wants to roll over to less than $10K, from my perspective. 

I am currently weekly purchasing a very small amount of Bitcoin BTCUSD, to probe the market.

When this indicator turns Buy Green, then I chase up the new Bullish trend, until this indicator
goes Green\Buy, just taking my "time" with Bitcoin BTCUSD! 
https://www.barchart.com/crypto
/quotes/%5EBTCUSD/opinion

Notice how this Trend Indicator is -100% Red Sell, Trend Readers, Bitcoin BTCUSD goes 
lower, perhaps much lower! No Buy the dip, just sit tight, and wait for the signal to go 
Green, then the Trend has shifted and then you chase it up to higher high purchase 
prices! With this indicator, you won't miss the Upside Bitcoin BTCUSD Breakout! Plus, 
always read the Altcoingazette.com for market Trend Updates on Bitcoin BTCUSD!

Warren Buffet quoted" Stock market crashes, allows everyone to "see" who is swimming, 
without a bathing suit".
 
Remember, if not your keys, then not your crypto!

Not Investment Advice Ever...Opinion Only!

#BreakingNews #TomBrady, #LarryDavid, Other Celebrities Named In #FTX Suit

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Published: 16 November 2022 16 November 2022

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NEW YORK (AP) — A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm's failed business model.

FTX has been in the public eye for more than a week, after the third-largest cryptocurrency exchange ended up with billions of dollars worth of losses and had to seek bankruptcy protection on Friday. The Bahamas-based company and its founder, Sam Bankman-Fried, are under investigation by state and federal authorities for allegedly investing depositors funds in ventures without their approval.

Lawmakers also announced plans to investigate the failure of FTX, with the House Financial Services Committee saying it plans to hold a hearing on FTX in December.

Before its failure, FTX was known to use high-profile Hollywood and sports celebrities to promote its products. It had the naming rights to a Formula One racing team as well as a sports arena in Miami. Its commercials featured “Seinfeld” creator David, as well as Brady, the star quarterback of the Tampa Bay Buccaneers, basketball players Shaquille O'Neal and Stephen Curry, and tennis star Naomi Osaka.

The lawsuit filed late Tuesday alleges that these sports and TV celebrities brought instant credibility to FTX, and should be held just as culpable as Bankman-Fried.

“Part of the scheme employed by the FTX Entities involved utilizing some of the biggest names in sports and entertainment—like these Defendants—to raise funds and drive American consumers to invest ... pouring billions of dollars into the deceptive FTX platform to keep the whole scheme afloat,” the lawsuit said.

Class-action attorney Adam Moskowitz pointed to previous cases where the U.S. government fined celebrities Kim Kardashian and Floyd Mayweather for promoting crypto.

“The crypto industry needed celebrity endorsers to get any credibility,” Moskowitz said.

The plaintiff in the case is Pierce Robertson, who is also involved in a case involving Voyager Digital, another failed cryptocurrency company that was endorsed by Dallas Mavericks owner Mark Cuban. Voyager Digital failed for bankruptcy protection this summer, but FTX had pledged to buy Voyager’s assets for $1.4 billion, which would have led to financial relief for Voyager’s depositors. FTX’s failure now puts its aid to Voyager in question.

The lawsuit was filed in the Southern District of Florida. Moskowitz is the attorney representing the victims in the collapse of a Florida residential tower in Surfside, Florida.

Well-known attorney David Boies, who represented the U.S. government against Microsoft in the 90s and Al Gore in the 2000 election, is also named as an attorney on the case.

The Miami Heat were starting a four-game road trip in Toronto on Wednesday. Forward Udonis Haslem, also named in the lawsuit, is away from the team for personal reasons.

Read Full Article Here: 
https://apnews.com/article/entertainment-technology-sports-celebrity-business-24690dec0c1541a911f4d201e568ebee?utm_source=Connatix&utm_medium=HomePage