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Bullboard - Stock Discussion Forum Bitcoin Well Inc BCNWF


Primary Symbol: V.BTCW

Bitcoin Well Inc. is a Canada-based company engaged in the non-custodial bitcoin business. It makes bitcoin useful to everyday people to give them the convenience of modern banking. The company operates two business units, consisting of Bitcoin ATMs and the Non-custodial bitcoin platform (Online Bitcoin Portal). The Bitcoin ATM business unit operates a fleet of approximately 190 Bitcoin ATMs... see more

TSXV:BTCW - Post Discussion

Bitcoin Well Inc > When bitcoin hits $63,500 usd
View:
Post by goldboyz2 on Feb 14, 2024 11:28am

When bitcoin hits $63,500 usd

Investors will be kicking themselves in the azzzzz wishing they got in at under 6 cents when we are trading at 15 cents+ in the coming weeks imo


Bitcoin cycles are powerful and this cycle is no different. 



GB
Comment by Patrick2Linton on Feb 14, 2024 12:34pm
When the price of bitcoin increases, so will the value of the loans. Gracias. Grinnnn. Loans payable -- cryptocurrency Bitcoin Well confirms that in March and May, 2023, the company was loaned a total of 60 additional bitcoins, valued at $2,252,300, from certain arm's-length parties, which are unsecured and incur interest at an annual rate of 10.0 per cent per annum, calculated based on ...more  
Comment by Patrick2Linton on Feb 14, 2024 12:57pm
Using $63,500 USD as a bitcoin price, the 230 bitcoins  have a loan value of $14,605,000 USD. This does not include the etherium coins on loan. Gracias. Grinnn.
Comment by goldboyz2 on Feb 14, 2024 7:56pm
$63,500 will be nothing if it goes parobolic and hits 100k+. In 2025 bitcoin could be 250k.....  This is ground zero and its only up from here over the next two years....... If BTCW can deliver and really hit the market in the sweet spot..... could really create fireworks here  Bitcoin $52,500 Over and out, ill let the markets do the talking from now on Enjoy the ride  GB
Comment by Patrick2Linton on Feb 14, 2024 8:30pm
Before you go can you explain how the increase in price of Bitcoin would be accretive to the market value of BTCW? I'm interested in learning the relationship. The other posters here couldnt explain it either after pumping that same scenario. Gracias. Grinnnn.
Comment by goldboyz2 on Feb 14, 2024 9:35pm
Well you sound like someone who could use some guidance on the crypto market as you seem green to it. Not a bad thing..... everyone has to start somewhere.  Basically more users = more user transactions=more income/profit popularity increase demand increase and supply decrease Bitcoin price going up ETF bitcoin approval Bitcoin 4 year halving cycle to name a few BTC becomes more popular ...more  
Comment by RangerBuck on Feb 15, 2024 8:45am
Excellent post GB thank you for breaking it down for the newer to the space and in specific BTCW. Average retail investors will do very well by taking positions in BTCW at these prices before the FOMO effects set in.  BTCW Long & Strong  Ranger 
Comment by Patrick2Linton on Feb 15, 2024 11:02am
Glad you asked about the bitcoin debt.LMAO. Especially from someone who claims he doesnt post on the other board. Gracias. Grinnn. @woundedknee I see you have some "bitcoin" Debt. How will the increase in Bitcoin affect this debt? Thank you in advance
Comment by Fishercat1 on Feb 15, 2024 11:24am
Looks to me like Adam is well aware that debts need to be  repaid and with Q,s and revs growing he adreesed that again this morning so whats the problem P2 ?. Pre paying means paying down the debt AND  plans to pay more if you bothered to read what Adam had to say this morning but yup always  rains spew coming from you .  Q4 and YE coming then crickets from you . As for your ...more  
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