The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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candidinvestor, blockchain is simply a math formula resulting in an answer known as a hash. The next block contains information and has a link back to the previous block and is hashed. The "chain" continues. Blockchain is nothing more than a way to seal and validate information in a public way. Nothing special about it what so ever.
Bitcoin might be around but if you can't buy it as it is regulated, sold, traded and is illegal, do you really want to "buy" a block of that algorithm I described really for $60k? Glad for the people who made it rich but it is ridiculous as a financial asset you might as well sell the numbers, 1, 2, 3, 4, 5, 6 etc there is ZERO value in it.
Ill start the bidding for the number 1 at $100k
Same people probably have warehouses full of beanie bears from the 90s waiting to make it rich.
don't you think the technical reason is simply that the China crisis requires $ hence the bond offering in USD. There is not enough USD liquidity (crazy I know) but this is pushing the $ up against currencies as they scramble to cover debts and pay for assets in a global market which is valued in USD again the cause for the in illiquid $ which is going to push $ up further and GLD down.
On the flip side of all of the above, strong $ vs GBP so Cey share price goes up.
Opinions?
To celebrate 50 episodes of demystifying the precious metals markets, Andrew Maguire takes the LFV audience for a sneak peek at the 20 tonnes of .9999 silver sitting in Kinesis’ new Liechtenstein vault.
In more silver news, the life-long wholesaler shares word of new, unprecedented demand entering the physical silver market, with the impact on the paper-driven price yet to be felt.
In the aftermath of last Friday’s Consumer Price Index (CPI) shock, the precious metals expert reevaluates gold and silver, and exposes the technical trickery behind gold’s sudden $30 drop.
https://www.youtube.com/watch?v=WSMiH2k8MNc
The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
What my son did say was that bitcoin along with Blockchain technology , is here to stay, in the same way that the internet is , whether I liked it or not , and on that point he also said that the take up rate of bitcoin is quicker than it was for the internet .
He maintains that volatility will gradually diminish with time and that it's already much less than what it was when it started up (which is true) and that this trend will continue
Time will tell
Regarding your other post , I have met 2 people who have just invested a lot of money in bitcoin ,. My taxi driver 2 days ago and my hairdresser ( and her husband) yesterday .
None of them knew why they were investing apart from getting on the bandwagon and making huge profits like everyone else . There was a spring in their steps
There's a sell signal if ever I saw one .
Thanks Gnome
That's a very good point about the optionality theory.
Thanks CI
The accounting treatment may not matter.
If bitcoins goes down, and lets do the limits game in optionality theory, bitcoin goes to $1.00 what happens?
bitocins goes to $100k? what happens?
best
the gnome
Indeed, who would believe in the bitcoin nonsense?
1. Those who have a vested interest
2. Those that can see a future vested interest
3. The lemmings (easily led faction)
4. The stupid
GOOD LUCK TO THEM ALL
I am not in that party
the gnome
The thing that comes to mind for me is hacking. Mobiles phones get hacked, apparently a mobile phone has been used to control a car and a plane? Contactless cards get hacked. At some point I guess crypto will get hacked. That might be in the form of "mining" bit coin from people or it could be more terrorism focused and millions more bit coins are created to make them more or less worthless.
I dont know how you create bit coin. Money has to be minted or printed. Gold has to be dug up.
mr tibbles, yes the value of bitcoin moves dramatically .just imagine ,bitcoin goes up 10 p cent in a week ,you buy your shopping out of profits. bitcoin drops 10 per cent , just use your old fashioned pound. worth checking out what mr sailor at micro strategy has to say about companies adding bitcoin to their ballance sheet too. el salvador is the experiment so worth watching but Brazil and others are considering making it an alternative currency.it is coming for sure.
Thurs 21 Oct 2021
By Svea Herbst-Bayliss
(Reuters) - Hedge funds that invested in the blank-check acquisition company that made a $875 million deal to merge with former U.S. President Donald Trump's new social media venture are set to make five times their investment, regulatory filings show.
It is the biggest gain investors in so-called special purpose acquisition companies (SPACs) have ever recorded on the first day after a deal was announced, according to SPAC Research.
Nearly a dozen hedge funds invested in the SPAC, Digital World Acquisition Corp, in its initial public offering (IPO) in September, according to the filings. Like other SPACs, Digital World did not disclose which company it was seeking to buy.
Hedge funds have pumped hundreds of billions of dollars into these types of vehicles in the past two years.
The investor excitement had fizzled in the past few months as some companies that merged with SPACs failed to deliver on their bullish projections and retail investors nursed losses. Stock market reaction has been so poor to recent deals that some hedge funds only make pennies on the dollar by buying into the IPOs of SPACs and then selling their shares in the stock market or redeeming them for their IPO price.
https://uk.finance.yahoo.com/news/hedge-funds-score-unprecedented-gains-201812189.html
I don't know if a chap down the local has this right but he is a big fan of bitcoin, crypto and reckons that some of the bigger online UK supermarkets are looking at ways to allow crypto/bitccoin to be used for their weekly/monthly orders.
I cant understand how this would work as cryto/bitcoin value jumps about all over the place so you could end up paying a lot more or less for the weekly/monthly shop, he didn't really explain that though?
Another 'Red day' on the cardsI fear, in this 'Alice' world.
https://www.google.co.uk/search?q=peel+hunt+centamin&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari
Good to see Peel Hunt come to the party and very strange that they are so far apart from Liberum !
As a 150p price target is more than 50% uptick it's back to school time for you :-)
Interesting maths
I give up!
Peel Hunt LLP set a target price of 150 GBX for the company, which when compared to the Centamin PLC share price of 98 GBX at opening today (21/10/2021) indicates a potential upside of 34.7%. Trading has ranged between 88 (52 week low) and 153 (52 week high) with an average of 8,546,281 shares exchanging hands daily. The market capitalisation at the time of writing is £1,122,733,057.
aghrrr last try is *************interviews with . and com
The ********************** bit is ***************************
https://www.***************************/centamin-plc-34.7-potential-upside-indicated-by-peel-hunt-llp/4121029087
Steve, very wise words indeed and don't play with what you can't afford to lose without it affecting the lifestyle your used to.
By the way I couldn't resist a top up yesterday at just under 97
Gla
European stocks rose in premarket trading on Friday as investors digested news that several European countries reached a deal with the United States on Digital Services Taxes (DSTs) and awaited preliminary PMI data from the European Union and the United Kingdom due later in the day.
The FTSE 100 added 0.29% at 7:28 am CET, the DAX rose 0.30% at the same time and the CAC 40 climbed 0.57% at 7:22 am CET.
The euro was flat against the dollar, going for 1.16269 at 7:29 am CET and the pound gained 0.05% compared to the greenback to sell for 1.38004 at the same time.
Breaking the News / NP
Happy Friday y’al
"So why would Tesla accept bitcoin as legal tender"?
Musk on bitcoin (just after Tesla invests $1.5bn in bitcoin) :
"If the price of bitcoin goes down, I lose money. I might pump, but I don't dump. I definitely do not believe in getting the price high and selling or anything like that"
Lol, who believes that nonsense?!
In that statement, he's basically admitting it's a pump & dump scheme. He's outright admitting to pumping it (first he invests big, then he announces HIS OWN COMPANY will recognise it, which is a blatant move to pump bitcoin, knowing darn well it'll result in the price going much higher)
The whole thing stinks of one big money making scam. And the problem with schemes like this is - for some to make money, others have to lose, it's like pass the parcel, and nobody wants to be left holding it when the music stops...
Creeping up. Will there be a spooky rise for Halloween