Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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I hope Moron_Dawn put his £20 into Binance :)
https://www.google.co.uk/amp/s/amp.ft.com/content/8bc0e5e0-2705-496d-a265-acccaffaee87
Just proves how much the licence approval from the FCA really is a massive deal when it comes to exchanging Crypto in the UK.
New dawn. Mode have made their decision. You questioning it on here won’t change it
Good luck to you
Too vague a response - don't know which post you're referring to. Is your agenda to re-buy at a lower price or is there no logic to your actions?
I refer you to my response I gave some hours ago.
Anyone thinking that Barclays closing down Pingit is in the same universe as what Mode have done should really be asking their mummy for some more pocket money.
Is it worth the arguing on here? The company has made the decision to get rid of the Bitcoin jar. It’s going. No amount of arguing will bring it back. The company will have weighed up the pros and cons. Barclays have done a similar thing
We are in a beta rollout with one partner merchant. Some expected a Big Bang implementation with multipl Merchants on day 1. It couldn’t have ever happened. However mode mgt are at fault for allowing this impression to take hold. People are naturally disappointed but the beta rollout is a sensible implementation plan
We are a startup. Cash will be burned. It’s what is going to happen. Either live with it or leave.
I think this share has good potential but it will take patience. I am switching off for 6 months
Bye
Sane people would leave the board after selling all of their shares. Or perhaps your agenda is to keep talking the company down?
It is you New_Dawn who is clueless, you are completely wrong in your assertion. Your Bitcoin only gets lent out for for shorting purposes & your 3 x 4x 10x scenario would be a lot easier & quicker if you & others chasing interest on your Bitcoin, didn't give shorters the ability to drop the price of Bitcoin at your expense for a measly 5% interest per annum.
One reason a lot of investors in Bitcoin (especially Bitcoin Whales) move their Bitcoin of exchange is so that it can't be lent out to shorters (the other reason is that they fear the exchange may get hacked)
I have been investing in shares since 1984 at the age of 20 & I have been investing in Bitcoin since 2014, so I am hardly clueless in either sphere.
Here is the official definition of longs and shorts for your education:
"You initiate a long trade when you buy an asset with the expectation to sell it at a higher price in the future and make a profit. A short trade is initiated by borrowing an asset to sell it, with the intent to repurchase it at a lower price, take a profit, and return the asset to the owner".
Get the bigger picture.....Wake up and smell the coffee!
Not sure if posted already, but a couple of articles relating to the FCA approval this week.
Nice additional quote from RM in the 2nd article which also includes the Proactive interview which touches on the decommissioning of the Bitcoin jar - focus is on the card payments market for revenue and profitability.
https://bitcourier.co.uk/news/mode-app-fca-crypto-licence
https://www.cryptoglobe.com/latest/2021/06/bitcoin-and-open-banking-pioneer-mode-global-holdings-achieves-major-milestone/
NewDawn - Newboy is right.
The Bitcoin jar was never supposed to be the main draw here.
So you either did not take the time to look at the bigger picture of what you were investing in or had a blind spot and couldn’t see past the Bitcoin jar as it is so relevant to you.
Either way it is unfortunate that your experience as a customer will be a bit tainted in this respect, but it would be helpful if you started looking at everything that was said about Mode and the business model in an objective way and decided on whether to stay invested from there.
Wishing you the best of luck with everything.
But you've sold out already havnt you new dawn?
Mode business model is clear. For the merchant - reduce merchant fees, reduce fraud and improve customer loyalty.
For the customer - quick, safe payment method using biometrics with rewards including bitcoin
It gets lent out for leverage both Longs and Shorts. People holding BTC for years don't care about short term blips and that so called measly 5% is worth a lot more than 5% when the price of BTC goes up 3X 5X 10X. It becomes a huge % of what you've originally put in.
There are a lot of clueless non crypto people on here spouting guff.
You can get passive income at EVERY other exchange so the BTC JAR is important to Mode but you just don't get it. Nobody is going to use Mode now to buy BTC and people like myself and LD will move our existing BTC out.
Therefore Mode has no business model, they have a shopping cart with a checkout that can use BTC...... big deal LOL
And as I set before in my reply, you are not looking at the bigger picture. You are chasing a measly 5% APY interest in return for lending your Bitcoin to shorters which is costing you a hell of a lot more money than you think in the long run.
The biggest joke is that they sell the Bitcoin that they borrowed from people like you at the high price and buy back at a much lower price ( making all the profit), then they return it to you & all you receive is 5% interest in a whole year and your Bitcoin back, which is worth a lot less than it was when you lend it to them.
As I said in my post, good luck to any shareholders, I do wish Mode success. It was simply to give my own perspective as a customer and long term holder of Bitcoin and defi adopter - not everyone will agree/care about the bitcoin jar but felt it was at least worth providing my opinion. Not de-ramping or here trying to scare shareholders. FWIW I like the app and has worked well for me, I'm sorry to leave but I'm a long term holder of BTC and I want to earn interest.
I'm doing the same Amt - just keep scooping up on the drops. No need for bed-wetters here - especially if they're no longer invested but just want to hammer on about how bad things are - what a load of FUD. Lol have a great weekend!
Jesus, that was ages ago. Lol if you think that’s my average now.
Like I said, I’m not fussed at all, hence why you don’t hear me slating the company I’m invested in. But instead I continue to add at these bargain prices.
@crocqman
All good here, just highly amusing when kids kick off about a couple percent decrease.
OTCQB has to be very very close now, I can’t believe we haven’t heard it already. I picked up the license thing in the report and then a couple of days later it was confirmed in a RNS.
Confused how there was little to no movement on the second RNS yesterday, not even a small spike?
Calm down Amt, and just use the filter button.
I have, but seeing one side only of a 2-way conversation is just as annoying.
Disappointing SP action this week compared to news flow, but progress being made, and the SP will react positively in good time (imo).
Confirmation of OTCQB listing next week then?
Good weekend all
AMT_G18
"I was looking at MODE for a while and watched it touch 80 and was still very tempted to buy. I like you now have an average of 55p. Which I am more than happy with. Obviously 51p would be better, but if those that took part in the placing were happy to pay 55p, then it sits pretty well with me."
AMT_G18
"If everything goes to plan, I can see MODEs MCap heading towards £250 million by year end, and that’s just for starters. "
But, I haven't lost any money ! You're the one underwater. Don't get too stressed over that 4 pence will you :) LOL
You really are a moron!
“ Yeah I sold out at breakeven” + “ I've got £1.28 left in Mode now. I transferred all my BTC out.”
You’re not invested what so ever! It’s no argument or discussion when your so upset about not turning £50 into £55.
These forums are designed for real investors that aren’t going to ***** about losing a couple of quid, but to discuss any observations / information they find.
I’m not fussed about a grand here or there, I’ve done my research and happy to watch it flourish over the next year.
Open banking is how you’ll be buying goods everywhere in the next 12 months, wether thats Online or In store and if Bitcoin is accepted in the UK, then guess what, MODE are ready for it!
Mmmmm called out on your ridiculous post before and you have no comeback, no counter argument, sorry if I made you look like a total fool but it was for the "greater good".
You're logic is flawed though, why would I be talking down a share I am currently invested in ? Only someone currently invested and desperate for it to recover or not collapse in price would be making the ridiculous comparison with Pingit that you did.
I think you'd look good in the pastel pink cap, it would help to hide your red face caused by your utter public embarrasment.
Did you want me to be buy you one of their rucksacks for school? As it sounds like you are very much underwater and more than likely cannot afford one, so you continue to rant on a forum that your not even invested in to express your sadness.
But seriously, jog on and get on your scooter, my deliveroo order is at half 5. Don’t be late! Think you need the tip!
To L221 & those that agree with him, I am an investorr in #mode & I also buy & sell Bitcoin via the mode app but I would never use the Bitcoin Jar.
I am glad to see the back of it, as to pay the interest your Bitcoin is being lent out to shorters which makes the value your Bitcoin drop . In the long run you are losing a lot more than 5% APY on the value of your Bitcoin due to the shorters you would be lending it to. See below:
Mode generates interest by working through partnerships with market-leading institutional lending providers including New York-based Celsius Network. Celsius Network generates yield by lending out Bitcoin and other digital assets to carefully vetted borrowers.
You're still an idiot, Barclays is a HUGE enterprise and Pingit was a itty bitty dot of nothing in their portfolio. It was their attempt and instant mobile payments and got superseded by others like CASHAPP.
If you think that you can compare what Mode have done to Barclays and Pingit then you're a massive f*cking idiot.
The BTC jar IS MODE, that's all they had, they have essentially shut themselves down, Pingit was running for years, BTC jar less than a year.
You're the f*ckwit still invested in a no hope company that sells baseball caps and rucksacks so I can understand you clinging onto even the most tenuous of comparisons.
I’m Fully aware it had nothing to do with crypto you moron!
My point is they reviewed their services and decided to close it, as clearly it was not that beneficial for Barclays to continue to offer the Jar. For MODE to now do the same, can you blame them? Crypto or Sterling, a Saving jar is a saving Jar.
Now stop ranting and crying because your £200 punt has gone down a couple of percent. Go do your homework, then some research and be content with your investments.
or another *one* :D