Member Info for Billfunk1

Journos seem to think it will be delayed again anyway.

It started off as a $400m then $550m and now I'm reading $650m. I wonder if they will start buying this weekend or wait for the Mt Gox coins to come on the market?

Just had an email from IG saying that the FCA are banning retail investors from placing crypto spread bets and CFDs from January 2021. That might push a bit more money this way.

Microstrategy have just up the offering from $400m to $550m.

It makes sense that a private business would use central bank policy against it like this. If the FED were offering to exchange toilet paper for $100 notes who wouldn't borrow as many toilet rolls as possible (at an interest rate of one piece of paper per year) and buy as many Benjamins as they can get their hands on?

In a way this is even more extreme than that example as Bitcoin has mathematical deflationary value unlike toilet paper or dollar bills.

I'm now just wondering what happens if other major corporations start doing the same. It would surely accelerate Fiat death would it not? The whole world would rush to get rid of their Fiat in exchange for crypto.

Marathon Patent have just ordered more machines. Once/If installed they will have 3.3EH. At the start of the year they had under 200PH. That's what a US listing allows them to do.

5% insider ownership rate is unrealistic?

This is why london is a ****hole guys. Where do you get these idiots from?

And we will need 5% of the float to be owned by the BOD. Without that why US investors trust Argo?

It's a momentum market not a value market. We need US institutional buy in and the Robinhood crew to fall in love with it or it will juts get ignored.

I can do my one man PR thing on stocktwits again but that will only get us so far.

Unless most US investors won't go anywhere near it because it's a London company and they already have proper crypto vehicles in Riot, Mara and Hive plus a load of Chinese ones.

This London thing is toxic to many US investors. There's no shortage of crypto plays nowadays and value means less than momentum.

There are no interest bearing savings accounts anymore and the FED are devaluing the doollar at a rate of 20% a year.

Gold cannot be plugged into apps like bitcoin.

Apple and google must incorporate bitcoin into their apps or lose out to square and paypal.

"Bitcoin is 0.1% of the ocean of investable assets"

I'm about a quarter of the way through. Saylor is great for these cold days with soft price action, just waiting for the ascending triangle to resolve.

https://www.youtube.com/watch?v=Jb48Q5e4WVg&feature=share&ab_channel=Binance

I'm happy with anything that works.

Microstrategy announced they are issuins $400m in debt to fund BTC purchase. The play now appears to leverage up as much as possible and scramble for as many bitcoin as possible. Something not really possible in London with such a tiny valuation. Every month we are here is costing us tens of millions in MCAP.

We need to shift entirely to the US and try and rid ourselves of the London taint.

After this debacle I will never be investing in London again, unless there is a very compelling reason to do so, which I can't think there ever will be. It's a graveyard where capital becomes comatose. A 1% FX charge is super cheap for what it buys you.

In other news, very productive dip today. 17.9 would have been perfectly on the October trend but 18600 should still make for a good higher low. I anticipate that we could be under 20k for a few weeks yet. Such a significant level is going to take a few more attempts before breakout. That said, i would be happily surprised if one day i woke up and the Chinese had sent it skywards.

Who really knows for sure?

What was he talking about when he gave himself away? (I can't find the single length video only a bunch of 4 minute twitter videos).

Bitty has formed a bull flag/pennant over the last week. Even if this fails we will fall back on the trend started on 18th October. This trend is due to break the ATH 23rd/24th December. If that breaks down then we may be in for a prolonged period of consolidation but we're not there yet. Remember it took months to break the upper boundary of the 30 month pennant after the 2017 ATH so a few weeks here is nothing.

Which is to say that even a dual listing may not even be enough for us. If we want full access to US capital we need to shed the taint London has left on us. It's that bad. Like Israeli companies are synonymous with fraud and dodginess, when people hear a company is from London they assume "dead stock".

We are tainted.

Here's a quote under a Burford article from SeekingAlpha:

He's a bit bitter it seems, not sure why as he hasn't let the full truth get in the way of his analysis. Burford Capital havent been the best either. I'm fine with it, i just buy the dips as i'm longer term. That said, apart from the Covid basket of stocks, He's a bit bitter it seems, not sure why as he hasn't let the full truth get in the way of his analysis. Burford Capital havent been the best either. I'm fine with it, i just buy the dips as i'm longer term. That said, apart from the Covid basket of stocks, the UK investment scene is really pathetic compared to the Nasdaq or S&P. At least there will be plenty of litigation in the next great depression, lol, or is it a U recovery... At least there will be plenty of litigation in the next great depression, lol, or is it a U recovery...

Burford are facing a targeted short attack on them due to the way they report their numbers. Assuming Argo are transparent they should be alright on this front.

Happy to hear other solutions to our undervaluation. We will need a dual listing and then some US institutional buy in aswell. BTBT languishes because the institutions won't touch it, apparently.

It's not a silver bullet but I can't see any other solutions. Maybe a full move and sole listing in the US? The UK is a dustbin. Who knows what big capital in the US thinks of it, not very much would be my guess.