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@kinney - 100% agreed on the POS vs POW issue. I was using "bitcoin" more generically to refer to "a cryptocurrency" really. I suspect that whatever crypto ever does become mainstream, if one does, it doesn't exist yet.
I think 80p in 2022 is more realistic and 50p this year , the price will obviously hit 36p soon before the merger
In my little opinion
Thanks Kinney. Good to know. All the best .
Hi Bladesman , if you look at my previous posts you will clearly see that i wasn't very knowledge when it comes to PMO , i bought in December with an average of 20p so i'm setting comfortably and willing to hold for the next 2 years
when it dropped in january to 19 18p i would have been happy with a 30p post merger , but we have obviously blasted through that with oil jumping and we haven't found a level of support or resistance yet
judging by what other member have said so far i would be happy with 40p post merger and hopefully jumping to 50 60 in 2022 , then again we're in a crazy bull market and everything is overvalued (except for PMO) , if a rumor comes out that we found something the price would easily jump 200% in a matter of hours
i guess we would have been better off without the merger since oil is creeping to 70 but you never know with these things , you win some you lose some
So Kinney , bit coin is interesting , but what are your views on pmo that you would like to share , if you are lurking ?
i don't usually post much on this forum but i lurk everyday to see what's up since i have a position in PMO , i've seen a lot of new faces since the share price has gone up , and others like Rookie and Jenna that have disappeared, would love to hear from them since their analysis were always helpful
i want to comment on the crypto situation , for clarity i have a large position in crypto and i have a minning rig with 6 RTX 3090's so i know what i'm talking about
first of all Skwizz and nennyb , since most people nowdays buy from exchanges , and since most exchanges require your ID and photo of you next to your ID to verify your identity before you can buy anything, if they needed to know who holds what they just need to threaten the exchange and the exchange will snitch on you , unless you hold Monero , which is the only true anonymous coin , please don't take this as me shilling monero to you , you can still achieve anonymity with bitcoin if you buy it with cash face to face from someone locally , or if you use a Mixer
Bitcoin is NOT anonymous , if you buy from an exchange and transfer it to a private wallet they will see it and they can trace it , if you sell something to someone (illegally ) and the other person's wallet is knows (he bought from an exchange) , the police can threaten the buyer to reveal who he bought it from thus revealing who owns that private wallet (unless you have an array of wallets)
hefonthefjords , unless you use something like Nano , there is no way in hell bitcoin or ethereum (maybe ethereum if they move to POS instead of POW) could be used daily
the issue is that the fees are just too high , back in 2018 , if you wanted to transfer bitcoin from one wallet to another you will pay 0.15$ fees , which was acceptable , but now you need to pay 15 to 20$ if you want the transaction to be validated in 3 hours (fast)
i use btc on a daily basis to pay people from Venezuela for some cheap labor (mainly online work) , and i have to make sure to order in bulk to make it worth , like for example if i have a job for 15$ i can't pay 15$ for the work and 20$ for the transfer fee it doesn't make sense
imagine going to the store and buying a gum for 1$ and the cashier asks you 10$ to accept your 1$ payment , you wouldn't accept that
please forgive me for using $ since i'm obviously not from the UK ^^
There's a big difficulty with taxing bitcoin.
Right now the government treats it as a capital asset, like a house, or shares, meaning they only get a cut of it when you sell for a profit and meaning you get a tax write off if you make a loss.
To gain the higher levels of income tax off it, they would have to acknowledge it as a valid currency and adopt it at a national level as a valid means of exchange. We aren't there yet, but if daily use for general trade becomes widespread, crazy things might happen.
Pearls you really don't know much about this Crypto currency business do you?
The government have got processes in place to tax people that make loads of money from crypto currency cos they have to declare it especially if u going to use the money for mortgages etc
Obviously if you leave your crypto on the currency exchanges they won't know about it but you can leave it there forever.
https://youtu.be/6zby6mPyEHY....re crypto Tax
Hardly likely, unless they come up with a way to trace it back through the blockchain encryption.
An act which in itself would defeat its' function and render all of it worthless immediately.
Can't tax something with no value.
Good comment Thotl.
They should also tax the bitcoiners / crypto curencies, although crypto currencies are all about tax avoidance so maybe this won't happen?
especially ARCM. Glad to see the bolt in your neck is holding up under the strain of head shaking.
The hedge funds have made billions due covid and sleepy fca under your watch.
Why not tax those who have profited from others grief for the NHS. Fair Play