The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
He owns a bank in Brazil that holds btc.
Buffett wouldn’t touch btc - greater fool theory.
Btc doesn’t have any fundamentals. Which makes it fun as an investment.
shares outstanding (as of 01 July) (in Mil.):
mara - 106
riot - 135
Bitfarms - 203
Hut8 - 174
core scientific - 325
clean spark - 412
Argo - 477
wen 02 cent power??
And when he did try he thought they didn’t help. I’m not sure why the internet is relevant - if anything that helps more with fundamentals and news. All the prices would have been readily available. It’s all the software tools that have presumably been the catalyst for TA?
You are correct. Warren Buffet doesn't use charts. He crafted his technique well before the Internet was of any use.
I have and find it a very generalised and patronising statement (which again is just based on an assumption - for example I don’t think Warren Buffett uses them much and he’s been quite successful)?
I do use both anyway but with a heavy bias towards fundamentals as it is them that will ultimately will drive a company’s sp - the charts may just explain the wobbly bits a little until then and make sure you’re more likely buying on a dip than a peak.
So I may not be a very good investor but if I’m more aligned with Buffett’s approach then it’s at least a start :-)
Again I’m talking about LTH and not day-trading.
I believe one day, bitcoin matches the market cap of gold. The rest is noise to me. El Sal is only the start of small nations fighting back.
All the best investors use fundamentals and charts. Let that sink in.
“All mining goes through cycles.”
And therein lies the reason why I’m not a great believer in charts. They tell you what has happened in the past but not what lies ahead. Yes, if an sp is dipping and there is no fundemental reason behind this then obviously it is more likely to go up in the future than it was before (and why personally I never invest after a share has risen recently) but there is still no guarantee. All miners are making losses at the moment (or close to it) - that cannot be sustained indefinitely and no chart in the world will stop the badly managed or just unlucky ones from going bust and the sp going to zero. The longer this goes on the more are likely to fail before any BTC recovery (something that also cannot be guaranteed).
In short what goes down doesn’t necessarily come back up.
All mining goes through cycles. This should be evident on a long term chart. This isn't in the realms of option.
Not all cycles are identical.
The best investors make use of charts and fundamentals together.
Sorry - I’m not a chart believer. As a tool for short term trading they can be useful and in identifying resistance points - but beyond that I feel they are as likely to mislead as they are to lead for LTH.
Bitcoin hard Wallets ate another big event. They banned Bitcoin in Russia and now sales of Bitcoin hard Wallets have gone through the roof. Same China. Same Nigeria.
And Jp Morgan offering bitcoin for 401ks is not a snippet of inflation it's a big deal. As is Black Rock once a sceptic now offering Bitcoin to larger clients.
And City adoption, Lighting Network and National adoption are all big events not seen before El Salvador.
At first slowly and then suddenly. We are here.
Hexam. Get out a monthly chart of any miner.
Everything goes in cycles. Bitcoin mining is no exception.
When all private investors are on their knees and incapable of action then the price will turn.....like now.
Not right this minute but in these last and coming months.
Can it go lower...of course it can but we are at a point of exceptional good risk reward that I don't care.
Don’t you think that growth rate had more to do with them rebounding from Covid after an 8% decline the year before?
https://www.worldbank.org/en/country/elsalvador/overview
I admire your enthusiasm but it’s getting a bit out of hand. 2+2 = 5 may be a good Radiohead song but drawing such upbeat and unlikely conclusions from every snippet of data or news isn’t going to change anything.
Tourism up 82%
Growth up 10 % plus
Bitcoin bonds to be issued q3 2022
https://twitter.com/BTC_Archive/status/1555159711275696131?s=20&t=P8rhbFmacZcGTF374HBiuw
Bonds will change things forever.