Member Info for Billfunk1

How is it a dead cat when it's 25% off the ATH?

Nonsense.

I'm a numismatist myself actually though I prefer banknotes. I have some shinies as well but they are just as a financial backstop.

Banknotes are where you get most bang for your buck. Awful investments for the most part but much bigger and prettier than coins or stamps.

Pearls is back!

I think the biggest risk now is if the government turn the internet off and vapourise all the bitcoins forever.

What do you think?

Exactly Laurence. The people who know what they are doing have been buying today whilst wimps on here have been whinging. It's practically a signal.

The ten most dangerous words in the English language.

I hope some of you took advantage. I managed to get a few Mara @ $21.

FCA just aligning with the Treasury against bitcoin. Where were they protecting ordinary Brits when the housing bubble expanded beyond the means of many 2003-08? Or when wages were suppressed during the same period.

In reality they just want to throw everything in the country on the Sterling bonfire - mass immigration, houses, poor wages, tax credits, housing benefit - all to prop up their dying currency.

F.uckem. Buy bitcoin.

Forgive us, O Lord of Trading, if we happen to follow the underlying asset when the markets are closed in everything else.

We are not worthy.

Shame I can't trade this anymore!

Pearls - you think bitcoin are physical coins yet you know enough to expect the price of Argo to fall?

I'm beginning to think you are just a degenerate.

Are you joking, Pearls?

https://finance.yahoo.com/news/coinbase-acquires-routefire-beef-institutional-180413128.html

Zack Seward
Thu, January 7, 2021, 6:04 PM GMT·1 min read

Leading U.S. crypto exchange Coinbase has acquired trade execution startup Routefire. The terms of the deal were not disclosed.

“While we’ll no longer be supporting the Routefire platform, we are very excited to continue on our mission of bringing advanced trading infrastructure to the rapidly developing cryptocurrency markets by joining Coinbase,” Routefire wrote in a blog post Thursday, adding:

“We remain deeply committed to this ecosystem and are excited to help develop Coinbase’s market-leading suite of institutional products, which provides the true end-to-end solution that we believe best meets our customers’ needs.”

Related: Ignoring Outages, Coinbase Futures Set Record Highs as Bitcoin Rally Continues

A Coinbase spokesman confirmed the deal but declined to comment.

Additional resources in the trading infrastructure realm couldn’t come soon enough for the San Francisco-based crypto exchange. Coinbase has seen intermittent outages in recent days as bitcoin has surged to unprecedented highs currently near $40,000 per coin.

It is Coinbase’s first acquisition of the new year, albeit likely a small one. The website of the San Francisco-based Routefire shows a team of seven led by CEO Jason Victor.

In 2020, Coinbase’s acquisition of crypto prime broker Tagomi helped the exchange execute mega bitcoin buys for MicroStrategy, One River Digital and potentially others.

Read more: Coinbase Brokered MicroStrategy’s $425M Bitcoin Purchase, Exchange Says

Related: Coinbase, Kraken Back Up Again After Outages as Bitcoin Hits Another Record

As institutional interest in bitcoin as “digital gold” continues to ramp up, other firms have sought to strengthen their prime brokerage offerings. Prime brokerage refers to a suite of services tailored to the needs of deep-pocketed investors.

That's this week's evidence of Institutional Buying, folks.

People believe such rumours because we are in the phase of institutional buying. Microstrategy may have started a trend. It's not really about Taylor Wimpey or other UK dinosaur companies who will likely plod along just as before. It's more about much larger US tech companies who may convert their fiat treasuries to bitcoin.

Taylor Wimpey would be wise to convert their treasury to bitcoin, but being british they probably won't bother. They make plenty of money hoarding land and building sub standard slave boxes as it is.

Just to correct RookieInvestor: Mara and Riot are adding capacity THROUGHOUT 2021. I think you are confusing the notion of end of year total capacity with they are not adding until the end of the year.

Off the top of my head Mara will have 1.24EH by March, 3.5EH by Aug and possibly the full 10.34EH by end of year.

Riot will start expanding this month and continue until they have 3.8EH in October.

So for both companies a gradual staircase up in production.

It's a digital finance App that allows people (normies) to purchase and hold bitcoin. Users and volumes up strongly since last year but I am not seeing any baseline figures/

Percentages are great but I need to know specific numbers of users and total money on the app?

So I guess that MODE is a crypto exchange? How many users does it currently have and how are you deriving your 500k active users by 2021 or the £1bn in held BTC?

Go on then guys - do the pitch.

I'm not so bothered about the cross posting as the impertinence of not pitching it properly. If you are going to cross post at least do a proper job.

Historically, if you believe in the bitcoin cycle (which not everyone does) it is likely to top out Nov/Dec this year.

Argo - buy and hold until at least Nov 2021.

Mara forward PE 200. Riot forward PE =100. Last time I checked.

Unlikely even laggards will be 15-20 PE.

I guess people might think they were clever coming over here showing us all their valuation methods and concluding that Argo is very overvalued.

But none of these valuations seem to factor in US M2 money supply growth or indeed speculate as to where all this funny money will end up. It comes across as a bit Dunning-Kruger to me.