Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Apple is eyeing a push into cryptocurrency amid soaring interest in digital money as prices surge
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https://www.telegraph.co.uk/technology/2021/11/09/apple-mulling-cryptocurrency-move-tim-cook-says/
Seen it all before with the dot com bubble. I remember a company called Oxygen. Floated at 15 x it’s value on its debut to the market.
How on earth they could put a value on it in the first place is beyond me. It was 5 guys in an office, a telephone and a fax machine.
Any shrewd investor in crypto should be top slicing and buying or investing in tangible assets.
It will come down as quickly as it’s gone up, if not quicker. Just like a good old fashioned bank run.
Seen it all before. Each individual has their own risk v reward opinion but history will be the judge of who is right and who is wrong.
I’m the meantime I will continue to top slice my profits from my profits in the markets and continue collecting my rent.
Many wish they had top sliced at 220 here…
No one is denying stocks and property and other assets have value, it’s key to have balance on one’s portfolio
Steve
Of course everyone will or should be doing that in crypto but when I see journalists and internet constantly pumping crypto I become very suspicious. No doubt the very same people behind the banner headlines are locked and loaded and many of the sheep will be holding when they have sold down.
They will then be pumping the headlines about fools and their money.
Just my opinion of course. There is always a danger of ‘falling in love’ with your investment whether that’s CEY or crypto or both.
Yep- but this always occurs- like the .com boom. There will be losers at the start but look at the market cap of so many tech companies that were spawned around that time. Crypto initial craze happened years ago- now more and more respected organisations are on board, this is ever increasing - regulation has started, causing more rise in prices, it’s not a case of either or… I’ve already stated where my crypto investments are- you have to balance your risk in that class too- just like with gold stocks, I don’t only invest in CEY. I have zero emotional attachment in any of my investments and they don’t emotionally invest in me- if I were in the inside of the companies, that would be different
CFD Trading Top Slicing
Top slicing is something that some brokers encourage CFD traders to do, it makes a nice commission for the broker on a particular stock and gives the client the illusion of a making a profit, the downsides is that the loss is increased on the clients remaining shares in that particular stock making it more difficult to get out of the CFD position which keeps accumulating interest charges on a 24-hr basis.
Brokers such a Logic Investments of London who operate a supposed advisory CFD service to clients pester their CFD clients to buy in £10,000 positions and then sell any positions if they move into profit, a nice little earner or the broker who takes no risk, the client is often then encouraged to jump back in, open another new CFD position, another nice little commission for the broker!
Generally speaking, a long-term investor is better advised to forget tactics such as top slicing and instead take the dividends and any opportunities to average down a stock price over the long term.
The T2W forum seems more suited to those who are interested in finding out about “Top Slicing”, my advice to anyone is to stay well away from CFD trading and also “Short positions” 75 % of CFD traders lose money, although the brokers and banks always win!
Many managed fund pension providers "top slice", swap stocks all the time, move into cyclicals etc when timing they believe is right. There are pros and cons of both so a mix is best, and let's not forget that many have been stuck with massive losses on underperforming companies, some have lost the lot by staying put eg Thomas Cook to name but one.
Too embellish, this is is why I only a hold a small % of my overall portfolio in gold stocks, and not with just 1 gold stock. The wall issue in Oct2020 is simple evidence of how high risk gold stocks can be. Like everything, the higher the risk the greater the potential profit and equal great potential loss.
Ive got loads of share certificates and dealing notes with many £000' given to me by my parents from the dot.com boom. I tried to go through them and see if any where still around today, only a couple, and they seem to have merged many times. Crypto is the next dot.com. People(masses) dont like it and refuse to adopt it, it will not catch on in the current form, why would you pay $66k for a bit of code, madness, at least with gold there is 4000 years of form, Id much rather hold 150 gold Sovereigns... with a glint in my eye.