Member Info for fleccy

Not sure why this would cause VOD to drop 4%, even if the new money was split entirely between the two original promoters Vodafone's share would only come to around $650 million.

https://www.zeebiz.com/markets/stocks/news-vodafone-idea-share-stock-price-slips-3-on-bse-nse-telecom-firm-1-billion-equity-commitment-investors-279988

Although today's 4% drop is interesting, without any significant news behind it I'd suggest it's irrelevant for long term holders. With April approaching It could even be an opportunity for anyone looking at using their 2024 ISA allowance to top up with VOD.

It's the same CEO as yesterday, so I'd suggest today's drop is something else.

Anyone know what's driving todays nearly 4% drop?

The really important paragraph in the RNS is:

"The porting of Method A and Method B onto commercial rigs has proven to be very challenging. The R&D team is currently testing different solutions for the final stage in order to deliver a fully reliable product. An exact date for market roll-out cannot be provided at this stage."

In the 20th October 2023 update they said:

"The Company has therefore made its Methods available in the form of a SaaS platform to enable the core of the Methods to be installed on a QBT protected server and accessed by potential BTC mining clients and partners to allow them to undertake evaluation of the Methods and this was the substance of yesterday’s X announcement."

Anyone else spot the contradiction there? You could interpret last Octobers update as suggesting that Method A & B were already available to roll out as SaaS, which many on here jumped on to justify encouraging others to buy in, and now QBT say porting Method A & B onto commercial rigs is challenging and they cant provide a rollout date at this stage. If I'm understanding the reference to Commercial rigs in todays RNS, then what were they testing with previously? My guess would be test data in a lab environment, and possibly at far lower level of Bitcoin Difficulty.

In all honesty the update referencing Method A & B doesn't surprise me, since in my unprofessional opinion QBT are trying to achieve something that feels impossible at the current Bitcoin Network Hashrates and Difficulty's.

I would also suggest that the Method C update isn't currently relevant, since QBT would have to persuade an ASIC manufacturer to incorporate it onto their ASIC's, which would be a mammoth task in itself, so all the current ASIC's wouldn't use it and there's no guarantee anyone will incorporate it into their chips in the future.

"What would someone pay for it - its not exactly profitable as things are."

Jesteh if you check the 2023 Revenue and adjusted EBITDAal figures for Italy and Germany, then a €10 Billion sale price for Germany makes no sense; In FY23 the Revenue in Germany was over 270% higher than Italy, and adjusted EBITDAal over 366% higher than Italy. If you base a sale price for Germany against relative EBITDAal percentage differences between the two, and since Italy is worth €8 Billion, then Germany would have to be worth at least €29 Billion.

Germany for £10 Billion??? LMAO, pure fantasy figure with no basis in reality; Just confirms my mischief comment.

Honestly I read some speculative rubbish on here, most of it is just mischief; Jesteh and mole_man I'm talking about you two.

I think it was the US open happening an hour earlier, due to the US Daylight Saving Time change on the 10th March, things should normalise on the 31st March with the BST change.

It was an Off Book trade immediately following the UT.

Google finance is showing Lloyds at 50p, don't know if this is the UT price or an off book trade. Anyone got access to live data? or we'll have to wait another 10 min, or so.

"Fleccy - I've had a HUMAX box on FREESAT since 2013 and love it"

We'll probably go with the branded 4K wideband Freesat box, which I believe is manufactured by Arris. Unfortunately a Humax box would need a new LNB and wouldn't be wideband like the Arris box/Sky Q LNB combination.

I've recently received a notification that our Sky Signature bill will increase by £2.50 a month, but I'm also showing a £5 a month discount on the current monthly bill which will go when my contract ends next month. My wife is the main viewer of Sky and watches mainly Free to Air channels, apart from the Discovery+ package which is also thrown in with the subscription. I'm planning to cancel the Sky Q subscription later this month and probably move to Freesat, and pay £40 a year separately for the Discovery+ package. The monthly bill is due to go up by £7.50 next month and although I'm happy overall with the Sky service, it doesn't make economic sense to continue with it; Add to that Freely is due to launch soon, so I expect all the Free channels will be available to stream anyway; The reasoning for a Freesat box is the PVR function, and backup if the internet ever goes down. According to my future Sky bill projection, my monthly bill will go up from £29 to £36.50 after April and although I could renegotiate my contract, I can't be bothered.

It isn't about increasing the share price, it's about providing on demand cloud based services. Businesses are moving to SaaS and NaaS operating models, this is BT moving with the times.

"Well, I would say currently, it’s for making money, if you remember that you said at $14,000 that bitcoin is dead. Look at the price now."

Only if you bought at $14,000 and sold now at $69,000. I would suggest that HODLers only make money when they sell. A paper gain is urealised so unreal, it only becomes real when the HODLer sells their Bitcoin. End of.

TOTHEMOON that response doesn't answer the question, what is Bitcoin actually useful for?

Bitcoin bulls like to compare Bitcoin to Gold, but Gold has lots of different uses across a myriad of industries like Medicine, Electronics, Science, Jewelers, etc, etc; The Bull comparison for Bitcoin over Gold, ignores all the different uses for Gold in the real World due to Gold's unique properties. As far as I can tell the main use for Bitcoin is a casino style bet on the flip of a virtual coin, heads bitcoin goes up, tails it goes down; Of course the probability of a coin flip landing on heads or tails is 50/50, but unlike a regular coin flip the probability of a Bitcoin Flip landing on heads can be increased through hype to generate FOMO. The problem for Bitcoin is that Fiat wont go away and if Central banks were going to back their currency with something, they'd likely revert back to the Gold standard, and if Central Banks wanted to use Crypto they'd do it through their own CBDC's. The huge problem for BTC is that sentiment is its only price driver, and at some point holders will want to take profits. Because sentiment can change on the flip of a virtual coin, the Bitcoin bubble could deflate as quickly as it climbs, like it did in 2021/22, and there's the risk. I believe the Bitcoin Spot ETF's are an attempt to bail out the well connected Whales who are in over their heads, but as soon as they start selling the floodgates could open. If my thinking is correct, in respect of the ETF's attempting to pull in cash from investors in investment and pension funds, who wouldn't dream of directly investing in BTC, then that's just wrong in my opinion.

Warren Buffet's view on Bitcoin

https://www.youtube.com/watch?v=nzTcXMOrl_Y

"Those who neglect to educate themselves on #Bitcoin may find themselves working for those who did."

Educate me Pas, tell me what Bitcoin is useful for that can't be done better using traditional finance? There's only one useful purpose I can think of for Bitcoin, international currency transfers, but you still need the Fiat to Bitcoin and vice versa conversion at either end of the transfer, so does carry extra cost on top of the actual transfer; Any company involved in facilitating such transfers, with automatic conversion at either end of the transfer, don't need to use BTC to facilitate the transfer.

The only case I can see for investing in Bitcoin is to ride the FOMO wave and try and time your exit. Bitcoin can't be used at the majority of retail outlets, with the ones allowing transactions using a third party conversion company to convert to Fiat at the point of trade, with fees.

The Bitcoin herd might be likened to migrating Lemmings following each ever closer to a cliff face, with the survivors being the ones sensible enough to separate from the herd before the oncoming disaster. In my opinion, for Bitcoin to survive long term the powers that be would have to use a massive hammer to knock a square peg into a round hole, since it serves no useful purpose.

So educate me Pas, what is this unfolding intelligent phenomena?

"We’ve Got Your Back’ marks the first brand campaign from BT since the launch of EE as BT Group’s primary consumer brand. It boldly states BT’s expertise, knowledge and value in the world of business, as a trusted partner underpinning the digital economy. BT is now BT Group’s flagship B2B brand."

https://www.lbbonline.com/news/bt-enters-a-new-era-to-support-every-type-of-business/

"Fleccy , can you make hot pants from this Global fabric?"

As long as they're manufactured in the same way as the Emperors new clothes, I don't see why not.