Not mentioning specific names but you can figure out who I'm talking about if I mention the following names: EVI, PRPL, SHSP All three businesses are pretty small and have unproven business models and financials. With the exception of PRPL, EVI and SHSP have both been ripping. You can judge the liquidity yourself, but I think they are pretty low if you look at the number of trades per day and the average volume. Okay so my hypothesis is that a small group of fund managers have been buying and "hodling" these stocks much like any illiquid asset bubble (Bitcoin, penny stock pumps, real estate, whatever you name it). These funds are pretty small and presumably getting decent inflows, so as they grow they have more capital to put into these stocks, completing the circle. So why is PRPL tanking? My guess is that it was a SPAC and the funds the sponsored it are dumping shares to lock in a profit since they still have warrants for basically free upside. So basically two stocks that the funds are buying are going up and the one stock that funds are selling is taking. This is how market supposed to work but if small group is making all the trades the performance of these stocks/funds may hold a lot of water. TLDR: funds bidding up stocks on low volume, performance is great, one stock is tanking since they are dumping shares. Stock/fund performance is questionable if you are basically trading with yourself. Discuss. Edit: to clarify, the funds are well with in their right to continue to purchase shares if they think there is more upside. But my point still stands, only bullish sentiment is being displayed due to the lack of volume so the stock's performance is more tied to the fund's in/outflows than fundamentals. Edit 2: looks like the post hit a few nerves. Never put anyone on a pedestal and it's never bad to be skeptical is all I'm going to say.
So, my top stock picks for the past several days were/are BITCF, BTSC, and BTCS. I made over $14,000 in just a single day trading BITCF. I bought around 0.95 and sold for 1.49. Stock hit my indicators/price targets perfectly based on my divisible by 5 rule. Unfortunately, I sold too soon because the stock was up 80% today. The reason these stocks are up is due to the direct positive correlation between Bitcoin and these Bitcoin penny stocks. Bitcoin, based on my analysis, will eventually return to more rational price levels (down at least 20%) and with that we should expect to see a fall in BITCF, BTSC, and BTCS as well. I've been trading for over 7 years, and it's the same patterns over and over again. My students made a combined profit of $8k based on my penny stock analysis. I've created a short video describing most of what I've already mentioned above. https://www.youtube.com/watch?v=9KySzf6Dn68
First off, I don’t mean to be condescending. All of us have made mistakes. This sub has helped me realize mine so I’d like to share my experience to put GNUS into perspective. As someone who lost 4k potential profit in the Bitcoin bubble, I restrained from FOMOing into GNUS. Obviously GNUS actually has real value but that’s beside the point. It was an invaluable lesson to lose 4k in potential profit. You may have lost money or you may have wish you sold but it’s over now and you have gained wisdom. Hopefully you’ll use this as a reason to be skeptical of buying stocks that can’t seem to stop rising. Meet greed with fear and meet fear with greed. 3 pieces of advice
Use stop loss
Sell along the way to the moon and come up with a reasonable exit position
It’s okay if you missed out on a stock. There will be another opportunity
"At the end of the day, Bitcoin has become nothing more than a giant pump-and-dump scheme, and investors should be protected from the scheme just as they would be from a penny-stock biotech company whose sole existence is a website plus a closet with a phone in Salt Lake City"
The penny stocks that are connected to bitcoin-related companies have seen massive growth and has provided many new players in the cryptocurrency ecosystem a chance to jump on board and expand their digital assets as a result. You can thank bitcoin penny stock activity in attracting investors that have added such digital assets as Bitcoin vending machines, cryptocurrency exchanges, Bitcoin ... Daher auch der Name „Penny“, also „Cent“. Es gibt ganz unterschiedliche Gründe, warum diese Aktien zu einem geringen Preis zu haben sind. Meist gilt ja, dass vielversprechende Aktien ihren Preis haben und man für lohnenswertes Investment eher tief in die Tasche greifen muss… allerdings zeigen die Pennystocks, dass das auch anders geht. Die günstigen Wertpapiere gibt es dann, wenn ... Here are some of the bitcoin penny stocks: 1. Riot Blockchain Inc. (NASDAQ: RIOT) 2. HIVE Blockchain Technologies Ltd. (OTC: HVBTF) 3. DMG Blockchain Solutions Inc. (OTC: DMGGF) 4. Cryptanite Blockchain Technologies Corp. (CRBTF) Many of these companies had a rough 2019, but swinging bitcoin sentiment has affected valuations. The plus side is, you can get these stocks for a lot cheaper than ... Penny Stocks (PennyStocks.com) is the top online destination for all things Micro-Cap Stocks. On PennyStocks.com you will find a comprehensive list of Penny Stocks & discover the best Penny Stocks to buy, top penny stock news and micro-cap stock articles. 2020 is expected to be a huge year for penny stocks. Bitcoin is a volatile sector. Highly speculative. That being said, pricing will change below depending on how the sector is moving. Make sure to do your research on bitcoin company stocks using a sophisticated tool like StockRover, for example.There's not a lot of history with some of these companies, so buying and holding long term can be very dangerous if you don't get the proper entries.
Make Money Trading Bitcoin Penny Stocks - Tim Sykes
I MADE $14k ON THIS STOCK, AND MY STUDENTS MADE $8K ON MY BITCOIN PENNY STOCK PICKS www.hackingpennystocks.com. How to Buy the Best Bitcoin and Cryptocurrency Penny Stocks - Duration: 21:30. Timothy Sykes 19,655 views. 21:30. Intro To Penny Stocks - Duration: 9:09. IGottaMakeIt 1,007,903 views. 9:09 . Copy ... In this video I am going over 5 bitcoin related penny stocks to watch as bitcoin looks to be poised for another breakout. These are the 5 penny stocks that I... https://www.inpennystock.com/free-trial - 7-Day Free Trial InPennyStock University - Join The Free Ultimate Stock Trading Course To Make Your First $10,000 T... In this video I am going over my top 5 Bitcoin penny stocks to trade. These are crypto related penny stocks that tend to correlate to Bitcoin and other crypt...