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"
Blockchain penny stocks are an interesting thing to bet on when investing. Many people think that the blockchain technology is the real value of cryptocurrencies, so if you invest in companies that are utilizing this technology for real industry and that bet pays off, just maybe it will be like investing in Google at the very beginning. Blockchain Penny Stocks is a list of blockchain stocks and bitcoin penny stocks for 2020. These bitcoin penny stocks are all trading on the OTCBB market and trading under $5. The bitcoin penny stocks list is updated each day after market close. Here are our picks for the most interesting opportunities in blockchain penny stocks for 2020. Bitcoin is commonly referred to as ‘digital gold’ but it’s not as stable as the real thing. Gold is a great Safehaven investment that can be a hedge against volatility and inflation. Editor’s Note: “7 Explosive Cryptocurrencies to Buy for the Bitcoin Halvening” was published in February 2020. It is regularly updated to include the most relevant information. While the Bitcoin rally party is already underway, jump in now with blockchain penny stocks and your party could be just about starting. If analysts are to be believed, then we could see a return to Bitcoin prices charging on to new records, even beyond the all-time highs that we last saw in December 2017.
How To Buy The Best Penny Stocks and Bitcoin Penny Stock Buying Tips
I MADE $14k ON THIS STOCK, AND MY STUDENTS MADE $8K ON MY BITCOIN PENNY STOCK PICKS www.hackingpennystocks.com. Bitcoin has been flying again recently, and I banked ~$18,000.00 on several bitcoin related penny stocks that have been running in sympathy to Bitcoin. Got an over-extended overnight short in ... How to Buy the Best Bitcoin and Cryptocurrency Penny Stocks - Duration: 21:30. Timothy Sykes 19,961 views. 21:30. DANGER to ALL Robinhood Users! BIG RISK Coming - Duration: 28:49. Penny Stocks To Buy ... How to Buy the Best Bitcoin and Cryptocurrency Penny Stocks - Duration: 21:30. Timothy Sykes 19,698 views. 21:30. How to Make $500 a Day Trading ONE Stock ... How to buy best penny stock and bitcoin. Do you learn how to buy best penny stock from the stock market and making money by trading penny stock. In this video, Tim Sykes explains with the live ...