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Redstone I reckon
Is this going to be our next biggie ?
Yes I have recently preferred buying on down days. Could do a monthly pound cost average approach, but I really think next 3 weeks the window closes this cycle, and I have one more 50% tranche to put in. Maybe 5 equal tranches on the next 5 down days what ever the price or quoted spread.
You can usually get a price just either side of halfway between so its not too bad when you go opposite of the way its trending for the day is my take on it
Really wish this had a tighter spread, the contrarian in me stops me adding, then sure enough the price goes up.
Forever: The genie is out of the bottle and things will only accelerate. Whether you think cryptos are a store of value, a means of payment, a currency, or the technology upon which all financial infrastructure will be based, the chances are now firmly that blockchain / DLT / cryptocurrencies are here to stay.
What a great time to be involved. Be great to hear about any more views as I am sure I’ve barely scratched the surface.
Sorry for typos etc. Apart from Twitter / X, where TIA interest growing rapidly, can take a closer
look at CELESTIA's team and projected upgrades via this link below.
I was quite a Polkadot fan last time around, but despite immense technical capibilities,
it doesnt seem to have pulled in many new users from Ethereum, unlike Solana etc.
Hopefully DOT 2 may have something new to offer ?
https://github.com/celestiaorg
No FUD from Me DRANK ,You misinterpreted my script , My ethos was squeaky Bum time but still HODL , Not Chicken S--t
Regardless ! If you want Bullish , I give you Bullish
I would like to share some words of wisdom posted from a high ranking Top UK Player in the Digital asset space ,He explains the implications from recent SEC approval -
Has anyone really had the chance to digest the magnitude of these last few days?
I don’t just mean that the SEC approved 11 BTC ETFs at once (has that ever happened?!), or the trading volumes of those new ETFs, or even that its taken 11 years for demand validation of the Gemini application, but rather the fact that this changes everything in digital.
Here’s a few thoughts:
Legitimacy: the ETF launch firmly cements the asset class amongst all other trading products, and access via traditional trading platforms will be markedly different going forward.
Institutions: Those sitting on the sidelines afraid to embrace the crypto space, whilst feeling a certain FOMO, can now get involved. This will unlock a potential wall of money for the digital asset market.
Banking: It's notoriously difficult to get a bank account if you work in our industry. Now it will be practically impossible for banks to ‘unbank’ everyone exposed to crypto. The issuers of the ETFs have access to banking and the platforms offering the products do too - banks need to relook at their dated policies.
US regulation: At risk of falling far behind on a monumental shift in financial markets technology, the approval and launch of the ETFs now places US as one of the best places to access the crypto market through traditional products.
Public chains: With a swathe of ETFs to follow, both single names and baskets, any reputational stigma for TradFi institutions about creating product on those public chains should recede, meaning we are likely to see more interoperability rather than siloed development.
Exposure: Many more people are now exposed to crypto directly or indirectly. If you hold crypto, if you own shares in some of the world’s largest asset managers, banks, trading platforms etc – you probably have or soon will have part of your future exposed or connected to crypto, no matter how tiny. Welcome.
Competition: Traditional players arriving should improve things for consumers, but some truly innovative companies may fall away if we don’t ensure a level playing field with regulation and infrastructure. Trading fee compression too will take place especially with these latest launches.
UK: The derivatives ban a few years back also captured retail investing in ETPs, even though buying crypto directly was still possible in a less regulated way. It makes even less sense now. The Financial Conduct Authority and HM Treasury should reassess so that CoinShares et al who have been fighting the good fight from the UK for years can compete.
Forever: The genie is out of the bottle and t
Actually shocked myself with my TIA price predictions being so close to reality. Was busty at work when we
dipped to $13.80 ish yesterday, but filled my boots at just over $15, when I could get to my laptop. I'm sure
a lot of whales must have enviously watched TIA's early run, and waited patiently for this dip. This new
blockchain concept is potentially a Solana (15X mkt cap) or even ETH (100X mkt cap) slayer. If the bull run
materialises in the way we anticipate, we could see as much as $50-$100 on this token, but thats counting a
lot of chickens , I know. The (almost) funny thing is, that while the KR1 sales and marketing division takes a
nap, investors can actually pick up some TIA , and other unicorns, at a discount to whales prices. As in the
last bull market, people will finally stumble on KR1 via their own research , and a meteoric rise in share price
will finally ensue....
$40K Has always been a sticky area for bitcoin. The lure of etf approval meant that
we sailed clean through it without touching the sides, but what we have now is the
inevitable retrace to the battle scene . Once we solidly clear the $40k mark though,
the chart consolidation should set us up nicely to run to $60-$65 k. The etfs are small
beer compared to the halving in any case, and once we're into Feb/Mar, this should pull
us like a magnet towards the all time highs. Yesterday's bearish commentary on this
board actually bullish of course, and surprising to hear Botak - usually the voice of reason
here - succumb to FUD just like the rest of us. I actually quite admire Cathie Wood, and very
much doubt her etf - or fidelity etc etc would actually see any need to engage in any shenanigans.
I've actually taken a leaf out of her book, and my port's biggest holding, alongside KR1, is now
Coinbase. Very strong financials, and hugely profitable in high alt turnover periods. Also, no
worries about fluctuating miner rewards , and trying to juggle between now 20 odd significant
sized miners ....makes COIN an easy pick to add diversity.
Happening
I dont think Coinbase or the big crypto holders will be panicking and 38k on BTC could trigger a wave in buys - personally I feel quite safe with holding kr1 and our Tia is strong so will watch that as our other alts will just move with Btc and Eth may be slower to react as I read it
Just not sure if it would make sense to let the price drop below 38k as it could cause a drop in confidence for anyone thinking of investing in the ETF and devaluing the very product they are going to be promoting, unless they have other plans i.e. waiting for someone bigger to buy in at the right price?...
The ETF approval was always likely to be a buy the rumour sell the news type event but I totally agree the moves now look highly orchestrated. This was always a concern - BTC might have been better remaining a fringe asset? Hopefully this is the just the sell off prior to the tear after the halving!
Orchestrated is the correct terminology. Volatility on this scale is defo not by chance . The previous cycles have led a similar pattern . It hurts like hell to witness one.s stash being eroded .that's the nature of the beast. One can utilise Volatility to trade . Myself ! for my sins I HODL . But that's not for everyone. BTC was always going to get walked or bounced down after the event .
We have to ask ourselves is it game over for digital assets or this tanking session part of the Orchestrated big picture
Agreed, I just don't really see any bad news, its all a bit orchestrated.
From a logical business perspective it makes sense for Blackrock, Fidelity etc to buy Bitcoin for a low a price as possible, the whole FTX sale off GS seems very well timed and the higher fee narrative of GS just isn't convincing.
I just sit back and watch the media narrative with my skeptical face on, it's all quite entertaining!
Drop here reflects the general BTC unease - how far back are we dropping? We did just have an incredible rise in BTC (taking alts) with it with very little pullbacks so this is probably healthy.
On BTC - lots of GBTC selling (and potentially lots more to come) but also new ETF adoption - its a hunker down and wait situation for a hodler i think.
In regards to the discount to NAV - always the case here - investors are typically cautious of crypto but want isa protected exposure to high potential - will therefore often cut in a down turn and return in better times.
My gut feel is there may be a little more shakeout / drop to come before we level out a little.
Looking for a 38k Bitcoin bounce?
Dislodge a stone and your in danger of an avalanche .
I as counting on past performance of a sharp vicious downturn for a tree shake .bottom then bounce . However it seems they are bouncing the crypto market cap down to demoralise holders into capitulation.
How far down can we go ? Wait till the us wakes up . Could be very nasty indeed
Good luck 🤞 all
A big pullback today. Looking really dicey all of a sudden. There really is little logic as far as SP here is concerned. Huge discount to NAV. BTC halvening just round the corner. Is there something we don’t know about going on?
Lot.s of short term negative factors associated with the SEC granting ETF to BTC as was onnthe agenda .ie - Grayscale . Blackrock .Fidelity etc etc. I don't belive for 1 minute these * want in * institutional players were going to rush out armed with billions of $ and start buying BTC @ Spot rate . All sorts of shenanigans to be expected while the market finds common ground after digesting implications of not only spot BTC but ETH spot .Solana .XRP . We actually hold our own basket of top established & new protocols to be launched ETF . With series A seed funding classification tokens . These tokens not only purchased at initial first funding round discount but staked for a whopping great % .,Adding to the already bloated volatile NAV Portfolio + earnings ratio
Applied gives us not only Europe's number 1 crypto fund but a golden horizon should the digital asset space continue in a positive direction .
If not ? Well. Its been a fun ride .
Danger is ... the official entry of walls street might give the likes of Blackrock .fidelity. etc a green card to do Gary Genslers dirty work for him all pre planned with Larry fink etc .
Or on the flip side crypto.market cap blasts through the last ATH of $3trillion on its way to a 10 bagger of $30 T
THATS the gamble we all take HODL here
When Michael Saylor gets stuck into BTC again we will go up. All the Alts will follow BTC IMO. Too much s..t going on in the world right now
BITCOIN MINERS - MARA , ARB ETC DOWN 50-60 %, SO KR1 HANGING IN THERE QUITE NICELY.
Unfortunately, this appears to have lost momentum for now. NAV has gone up nearly 200 million dollars since November but SP receding once more. I now feel this will only really fly again with big BTC moves.
Tia still holding our NAV up strong but we would e more comfortable with another blockbuster or a more even spread on our top 10 assets