Member Info for Blubay

How can it be 'FUD', it's literally just a quote from the company RNS? Not necessarily cause for fear, just some uncertainty. The results are great.

Yes, that part raises some questions for clarification

Nonsense Tiger, all the signs now point to resumption of the bull cycle. You only have to look at the behaviour of the large players, who have been accumulating BTC for weeks to see it was going to happen. Anyone who claims to have ‘missed the dip’ was either misled by the FUD or isn’t being wholly genuine. BTC is $43-45k today, higher than it was yesterday or the day before or at any point since May. It’s up 15% in the last five days. Obviously it will fluctuate daily and impossible to predict on hourly timescales but it’s more likely to double than halve in the next few months.

With BTC approaching $1m before 2025 that's less likely to be prohibitive

If you made a profit on your HL shares then it's taxable, you can't avoid the tax liability by putting the proceeds into an ISA unfortunately.

You can invest up to £20k into an ISA per year (but only into one ISA per year) and any profits you make in there are tax free.
You can't add more than £20k in any one tax year no matter how much you withdraw.
If you sell shares outside an ISA (or other tax free wrapper) then your profit/loss counts towards your Capital Gains Tax allowance for that year (i.e. when you sell the shares, not when you choose to withdraw funds from the account).

So much for your ‘western assumptions’, I was born there! Of course there’s issues with weak governance structures, including some levels of corruption in some countries, and not least due to the mess created by post-colonialism and foreign commercial exploitation. That’s precisely why peer to peer financial systems have taken off in Africa like nowhere else in the world (eg using informal systems of mobile credit transfer etc). That’s why MasterCard have bought into Airtel Africa’s mobile money development. It’s also why Africa is the fastest growing crypto and tokens retail market in the world.

Africa is the future, huge consumer markets for new kinds of financial services and infrastructure, particularly for mobile money and peer-to-peer, which is widely used already among informal networks

Ouch, although they’re probably covered with longs

“ Funding for growth necessary evil. But it has the potential for pain regards share price whether its Short, Med or Long Term time will tell.”

I suspect any pain is likely to be anticipatory and we’ve already seen it. Once confidence takes off then I don’t think the IPO will slow it down and is more likely to accelerate it.

On the assumption that we’re all converting our own disposable incomes to ARB/BTC at this point, then it seems highly likely!

It does perhaps explain some of the market reticence in the US, where there’s often more skepticism about dilution (like there is about fears of government spending or inflation). The IPO makes good sense if it’s well timed with increased demand and BTC confidence, and is well targeted to forward investment for added value (Texas). I suspect there will be some uncertainty about whether to get in before or after the issue but the rise in BTC and other miners has probably forced the choice a bit now.

swapped ETH for more BTC on the recent bounce . I hedge ARB with BTC (and leverage BTC with ARB) in roughly equal measure, slightly more in ARB. BTC doing better at the minute but ARB should balance up during Q3-4. With luck it will out-run BTC as it has done in the past.

this is going to look madly undervalued by Monday

not that much buy demand here either, and not moving much if the MMs hold it in the play zone. Someone will have to buy those share back soon enough.

Yep, the short team appear to be working the US side of the trading balance, exploiting very low volumes on OTC, which then influence the SP in London. It's opportunistic but a clever enough play to be fair.

I suspect it's not London side but US side that's being manipulated due to low volume/liquidity there.

£129

I'll settle for £192

couple hurdles to jump yet before we get to there

hahahaha