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I too can't see a spot ETF being approved any time soon. But at least that's also the market expectation, so a refusal shouldn't be too much of a negative for the Bitcoin price. An unexpected refusal would be much worse.
Ahhhhh when Ramonet is on form ... a bit prone to premature oxidation these days though. I don't own any at all sadly. It's a funny game. I started in Bordeaux and southern Rhone but rarely drink either at all these days. Funnily enough just as Burgundy (red and white) is hitting ever more extraordinary pices I'm actually starting to lose interest, just a bit. Everything is 14%, 14.5% now rather than 13%. I'm now buying (to drink) nearly as many Pinots fom Germany as France. And Barolo is heading towards Burgundian price increases too, for the real big boys. I've stopped buying Gaja, Conterno, Giacosa already, and former mid-range stuff like Vietti is getting harder and harder to justify. I should really just stop buying altogether but I do love maintaining verticals...
I’ve never bought a single bottle that I didn’t have the intention of drinking. But it’s hard when a £30 bottle is suddenly worth 50 times that (has happened with Keller, Gentaz-Dervieux etc.) I’ve lost my DRC allocations now but still have the likes of Grivot, Fourrier, a little Rousseau, and whites from Ente, Roulot, PYCM. And at over 6k bottles now (4k in bond) I have to accept that I really won’t be drinking them all!
I disagree. I've got more time for a reasonably thoughtful bear than for rampant, illogical, nonsensical bulls, of which we have a few on here. It's far more important to listen to people who disagree with you than people who tell you what you want to hear.
Hey Chuz,
Like K3VMC, I am happy here. That doesn't mean that think the current share price is where it should be - but if share prices were always where I think they should be, I'd never buy a share, because I'd never see anything that looks a screaming bargain.
This does look a screaming bargain to me. One of three things can therefore happen:
1) I'm right, and it re-rates in a reasonable timeframe
2) I'm right, but it doesn't re-rate in a reasonable timeframe
3) I'm wrong, and it never re-rates
My definition of "a reasonable timeframe" is one where fundamentals don't have time to turn completely against me - which basically means "before Bitcoin next enters an extended bear market".
So I've gone from being delighted it's really cheap (so I can buy in) to really wanting it not to be so cheap (so I can sell out.) It'd be pretty unreasonable of me to expect this to happen just at precisely the moment I buy the shares. Patience is required. It might happen tomorrow; it might happen next week; it might happen next year. In any of those scenarios I remain happy.
It is of course possible that (2) or (3) come to pass. If they do, I cease being happy. But they haven't yet, so happy I am!
CT, sorry I wasn't trying to be critical or make any insinuations. Just that today's figures are inevitably influenced by falls yesterday, and taking a slightly longer timeframe gives a different picture. It's not necessarily all bad news.
Of course, a six week timescale would show something catatsrophic-looking I am sure!
Yeah claret in general has not performed too well over the last ten years - certainly when compared to Burgundy, anyway. It's also very very easy to get taken for a ride by unscrupulous "investment advisers". I'd never recommend anyone invest in wine, or indeed any other subjective, unregulated market such as art or collectibles in general, until it's their genuine passion and they really know what they're doing!
Many of those took a bigger hit than us yesterday so are recovering more today.
Looking over a five day timeframe, and using ARBK rather than ARB for consistency, I get:
RIOT +16.2%
ARBK +11.3%
BITF +10.8%
MARA +9.7%
DGHI +4.9%
HUT +1.8%
HIVE -5.9%
So I guess we can paint whatever picture we want to paint :)
Ah, I'd always wanted a good watch so twenty years or so ago I bought a Breitling Crosswind. Not in the league of PP, Vacheron Constantin, Breguet etc but something I could wear every day without feeling like I'm making a statement. Apparently it's worth a fair bit more than I paid for it. Doesn't keep time quite as well as a Casio but you can't have everything!
Yeah, I'm not a Bordeaux guy though, and I do buy what I want to drink - even if I can't bring myself to open a bottle, or even get it delivered out of bond! Burgundy, Piedmont, and northern Rhone are my major interests, although I've now sold all my Rousseau, Rinaldi and Chave...
"Yea to me it's insane but it's the same as collecting art. How much of it is for arts sake and how much is with the prospect of making money who knows."
The vast majority is the latter.
I've spent the last 30 years collecting wine; back then, and even up until less than ten years ago in some regions, the absolute blue chips were both reasonably affordable on release and available for purchase. These days though you have to be spending house-sized amounts in total just to be allowed to buy the most in-demand releases so I'm buying in quanitity terms far less than I used to. The appreciation has been extraordinary and the sad thing is that 90%+ of the very top bottles will never be drunk - they'll just sit in a bonded warehouse like bars of gold, being bought and sold.
I suppose I should look into selling NFTs for my DRC, Monfortino and Keller...
Just let the sames players play their games. It doesn't impact the medium to long term. Indeed the only way it works at all is if the sell following the short causes more weak hands to sell, fuelling the dip. Best response: just grin, ignore, come back a few days later.