Member Info for farhantahir

Musk has so much power now lmao. He could literally buy something (like BTC/Dogecoin), add it to is Twitter and BOOOOM he's made 50%. Lmao

Yeah - his comments were interesting. Bitcoin is getting a lot of interest. I heard about it in the early days - gutted I was never interested then, but glad i'm here now.

Given they have around 7 staff in total (I think!), it's pretty good :).

Me and my brother bought 210quid worth on binance. Max they let us buy without verification.
I tried to get a coinbase account awhile ago and its still goong through verification. Was when btc was at 28k dollars...

Will withdraw initial investment at 1 dollar and let the rest ride. Who knows how far it will rise.

In all honesty, it will probably go above $50k. BUT not in the immediate term. GLA

I haven't read all of the comments on this thread, but read the first one.

@Ritchie - since when does something have to be "touchable" for it to be real? Oxygen isn't touchable.

Anyway - bitcoin has to fall? How? If it challenges gold as a store of wealth, it will rise. It's simple and your position should depend on your views of the asset. It's evident that those with influence are continuing to see it that way. Volatility is to be expected, but should stabilise once traders leave.

Good way to think about it. If tyou think back to the March crash last year, the top investors just bought more. It's easy to panic - i've felt **** looking at my portfolio and seeing a £10k drop in one day (in March). But it grew back (and then some).

Long term, markets risk. THere's dips on the way, but yolo. When you drive on a long road, you'll see dips also :).

And may I add - my average is at £1.02. Am I worried? Not really. My strategy has and always will be to stay invested for the next 20~ years. It took me longer to buy in as I was completing research, but I still see a 500% upside in the coming year (to bring value on par with US competitors) and long term, i'm Bullish Bitcoin.

You should ALWAYS research. Unless you're a trader, where it doesn't matter as much.

You should research every share before you make an investment :).

@wasarunner - thank you. And I hope you reach your goals also :). That's a good balance to be at - my view is that at around £50k pa (before tax), and a 40year working life, I'd only earn £2m before tax (and then there's costs like commute, etc). So figured £1m is where I need to be, and then I can move to a cheaper country than Scotland (like somewhere in Asia if my wife agrees, lol). Retirement at any age before state retirment age is good - I'm targetting 55 at the absolute max, but hopefully will get to my goals in the next 16 years (although... my wife is eyeing up my savings pot! Lol,...).

Completely agree - start up capital is the hard bit, but then, sometimes just need discipline in that area. One of the best techniques I learned was to have two bank aco****s - one for my salary, and another to instantly take 50% from me on payday. It saved me from a lot of wasted costs (like... I had a tendency to buy shoes and watches when I first started working, to the point i've spent easily £15k on stuff I don't even like, lol...).

@wasarunner - sorry missed this in a day of meetings :). 7 figures is a good balance! I think that's probably close to my end goal, or goal I want to be at when i'm around 33 years old (29 at the moment). 8 figures (or £10m) would be great, but realistically, my only goal is to make enough money to then allow me to invest in defensive dividend stocks and retire of dividends. Technically, £1.2m at 5% would be enough to give £60k pa, and i'd hope i'm smart enough to avoid a lot of tax :). I think I could survive off that and enjoy retirement at an early age :).

If you aren't trading the stock, the daily movement shouldn't matter to you. Long term, you'll make money (hopefully a lot!). Just remember, Microstrategy has a higher Bitcoin average price that current price. Companies like JP Morgan, Rothchild, etc have invested in MS - that's a realistic floor IMV.

I agree with what you said - Argo is around 10% of my portfolio but my target is to really keep it at 5%. It's always good to hold a lot of different assets - who knows what will win in the future? I've never understood going all in one asset - that is way to much risk. Sometimes it pays off (I have friends that made a lot of money in property going all in one project), but you need balls of steel...

My plan (for equity portfolio) is to have 5% here, around 15% in other AIM small caps and the rest in larger, less risky companies. Plus I do plan to have around 10% in "turnaround" companies (where the company is distressed, but has a solid balance sheet but needs a new strategy!).

I agree you need to invest in the long term future of companies - i've worked out that since July 2018, i've lost out around 200% in my portfolio because I sold out to quick. That hurt...!

I'd hope that Quiz now becomes a pure online play. Omni channel model is basically dead IMV. One thing i've never understood is why mens clothe aren't sold in Quiz shops.

I've managed to buy a chunk of shares on HL about 20mins ago...

I Was invested in PHE - I had a bit over a million shares a few years ago (at a cost of £3k). That would have been worth around £90k at todays prices... HURTS! I think the idea is fantastic - but what's put me off is that there's always talk of "progress being made in bringing it to market" but it's hard to see the tangible effort made...

Old CEO said it had potential to make it into FTSE 100 - from what it was (around £13m when I invested) to around 2.5b - would have loved that. But it's a slow burner in terms of coming to market. (That's when I looked at it last - I'm going to look at it again, as I love the idea and I can see it adopted by a lot of countries and companies, if the tech works).

Who's shorting BTC? Options market shows that calls (right to buy) outweigh puts (right to sell). If BTC was being shorted, i'd expect a higher amount of Puts. That's not the case.

And anyway, BTC will never rise in a straight line - you can look at the charts for that. It does, in the long term, go in one direction. Look at the historic percentage increases - huge. If you take a long-term view, this stock is risky, yes. But the potential return is huge. IMO.

Yeah. Tbh - Bitcoin is volatile and will continue to be volatile. Volatility is where profits are to be made though. Argo is undervalued compared to other miners - it's that volatility which will drive the share price in either direction.
The way I see it, where there's no volatility, even if shares are grossly undervalued, it takes a while for the share price to rise (and falls like a bag of bricks, lol). But for volatile shares, value catches up a lot quicker. This will be interesting :).

Anywho - floor seems to be around 29k. Plus, looks like Argo want to hold more bitcoin for the future.

Long term value here, even if in the short term you make theoretical losses. Its all dependent on your strategy.

I agree it can go lower but not sure the democrats will be anti crypto - new SEC chairman has (Gesler) has taught Crypto courses and has previously argued (against congress) that Gold has no theoretical value (when questioned on the value of crypto). There was an interesting article (I need to find it) which basically said Democrats may actually support crypto more than trumps administration.

Yes - the treasury chairman select has sounded warnings over bitcoin, but she has said previously the treasury has limited power over the regulation of bitcoin and its a matter for the Sec. I'm not so worried here. I have a high average (I bought initially above 1 pound) but oh well. I'll top up next week, potentially to bring my average to 85p. Long term, Peter is an astute businessman.