RE: Out for the weekend30 Jan 2021 10:04
Well done for the profit, kinda think just derisk and leave the profits in a least? Yes bit coin over the weekend can be very concerning, but in the same breath, imagine if the bull run does occur over a weekend, that's the gamble I guess. I can't be the only one that has gone in for a punt after stumbling on this, (47p first buy after a costly few days of dithering!) always risky buying a stock that's experienced such a huge increase in 2 months, put me off at first because if btc coin drops out, this could lose 90% of value so bit scary buying in at first! However I then did alot more research, I wasn't a believer nor did I understand block chain tech, I'm now aware of the game changer this technology is, not just btc but the bigger picture, and that for exposure to btc in an isa this is a truly great opportunity, I've seen the light as they say! If bitcoin booms from this point, ie the 30k range we could be on to a real winner, this is the first share I think I've actively averaged up, now 72p avg with 5x more shares than I started with. I'm not sure I agree with predictions of mkcp of 20 times earnings right this second, believe we need a whole year's worth of btc above the critical 20k mark, realise pe of 20 is the norm in tech in USA however I believe us stocks are way over inflated, imo a pe of say 5-10 is fair value at the stage of business, think this still gives 1.2-1.5 as a fair price. Traders and even later than me bandwagon jumpers, familiarise yourself with the numbers and btc, it's cycles, it's uses and what's happening this year in world's economy's, will make holding this a lot easier. Its a gamble, but so is every share, risk vs reward. Among all the ramping and deramping nonsense, which even I've noticed from reading bb from beginning of Jan has become absolutely ridiculous, God knows what the proper lth, ie pre Nov holders and posters feel like?! There is some really good, grounded and informative posters, for which considering how much boll*cks they have to read and reply too have provided an excellent source for myself and probably a lot of others who use these bbs properly. Gla