Member Info for fleccy

"A proper deep fat fryer?"

Nope I like my Ninja. It was the Chicken and Chips I wanted, which I followed with a bowl of Ice Cream and Flake, which satisfied another craving. No CryptoJunkieMonkey Ice cream in my Freezer, although I might create an NFT around the idea and sell it to Ben & Jerry's for a cool Million.

https://i.postimg.cc/Kz1SR50F/Crypto.png

"The buzz fills every craving."

Speak for yourself. I've just put Chicken Breast and Curly Fries into the Air Fryer, I know what I'm craving right now.

Different picture today

Total Vol _ _ _ _Total cost
19370515 _ _ _ 29986861.38 On Exchange
8225681 _ _ _ 12739531.38 Off Book

Today, less than half the volume traded off book, compared to On Exchange trades.

" America will drive crypto into the stratosphere."

Not according to Ray Dalio.

"Ray Dalio says if bitcoin is really successful, regulators will ‘kill it’"

https://www.cnbc.com/2021/09/15/ray-dalio-says-if-bitcoin-is-really-successful-regulators-will-kill-it.html

"PS. Clearly in Drahi's case he knows 'people' otherwise, you and I, would find ourselves being investigated by the securities fraud squad if we tried to pull what he pulled. The world is not always a fair place, for ordinary Joe public"

You just agreed with me that the markets are rigged, in a round about way. If Drahi used other parties to purchase shares, through a Gentleman's agreement, with a view to purchasing the shares at a higher agreed price later, then the other parties have an incentive to drive the stock price down as far below the agreed price as possible. Since Off Book trades aren't immediately recorded, on the exchange, how are they reflected in the price action?
The data I collected is from the London Stock Exchange, downloaded at 17:13 yesterday; So the Volumes were from the Exchange, not that you'd know it from the daily volumes since the Trade Recap Volume for yesterday only shows as 19.55 Million shares traded. The 20 million share trade recorded at 14:39, went through at 159.2p, with the trade before it at 156.75p and the following trade at 156.8p. Since I'm assuming that the original trade took place at the start of the trading day, how is that recorded in the opening price, if it hasn't even shown up in the trading volume, and why doesn't it affect the price when it finally shows as a trade in the Exchange data?
I have to say I don't understand the intricacies of they way the market trades are recorded, but doesn't it seem strange that 20 million shares can go through and not affect the market price? And if it did go through in the AM, how would anyone know?

Indeed, but I like both stocks long term. The Telecom sector is being forced down imo, hich is strange considering the market's supposed to be forward looking.

https://www.google.com/finance/quote/BT.A:LON?comparison=LON%3AVOD&window=6M

Apparently the Iphone 13 will start at £779, with the Iphone Pro starting at £949.

https://www.wired.co.uk/article/iphone-13-iphone-13-pro-apple-event

My current phone is a Redmi Note 8 Pro, which I've owned for well over a year now, costing around £150. The hardware is really good with a really good camera, and it still works as well as the day I first received it; I do occasionally receive some calls in Chinese though, that starts out with this really cheesy music lol.
Apparently you can now get the Redmi Note 10 5G starting at £159.

https://www.mi.com/uk/redmi-note-10-5g/

Since I'm as tight as a Ducks ar5@, I which one I'd buy.

Slight Correction.

My spreadsheet picked up some Off Book trades from the 13th Sep. With the late trades from the previous day removed:

Total Vol _ _ _Total cost
35445253 _ _ 56260341.16 Off Book
19553951 _ _ 30570759.25 On Exchange

Only a slight reduction in the Off Book trades.

"I don't know the LSE rules on holding disclosures,
whether a holder has a certain amount of time to declare, etc."

I think a 1% reduction, or increase, from 12% would trigger an RNS. I would also think that a disposal would show straight away, since it would reduce their direct holding immediately. An increase in the holding is probably more easily disguised, by using third parties and buying the shares directly down the road,

"The bear attack never ceased all day, but apart from a stand-off from 11:15 am to 1:30pm where the SP defiantly, just would not let go of 157 - the bears increased the pressure far more in the afternoon, and finally dragged it below the 200 day trend."

I understand what you're saying, but how do you charts register Off Book trading?
I get it that, that you might look at the closing prices, and look at moving averages, lines, etc, but shadowy trades means the charts can only register a myopic picture. Yesterday, the large volumes thread highlighted a 20 million off book trade, at 159.2p, which I suspect happened around the open.
Yesterday:
Total Vol _ _ _Total cost
35690459 _ _ 56652152.18 Off Book
19553951 _ _ 30570759.25 On Exchange

35.4% of yesterdays trades were On Exchange, including UT, so just under 65% of the trades were Off Book yesterday; Not sure what that implies, but it's significant. Daily charts wouldn't be able to make sense of that, and it must distort the pricing action throughout the trading day.

"Bitcoin alone has grown an astonishing 5,000,000%."

Yep, a masterclass in the art of illusion. Create a blockchain, convince enough people it's worth something, keep telling them it will double, treble, quadruple, etc, ad infinitum, and watch the value go up and up. It's like a pyramid scheme on steroids, but eventually easy money will dry up, and people will want something that actually does something. It's only a matter of time until the house of cards collapses imo, and some very connected people are issuing warnings, but most of the Crypto enthusiasts only listen to what they want to hear.
There's talk that Quantum Computers will be powerful enough to crack Blockchain Encryption by 2026/7, and since none of the Crypto currencies currently traded are Quantum Safe, they'll become worthless overnight should such an event happen.
Crypto Currencies are at risk of regulatory action, either through Regulatory agencies banning them due to systemic risk, or regulating them to the point of them becoming pointless.
With a Crystal ball I would have happily invested in Bitcoin when it was less than $10, but I didn't see the value then as I don't now. My son who now works in I.T. actually mined a couple of Bitcoin, with his mates for fun, in the very early days and they just discarded them as they they didn't see any value.
The recent Bitcoin price history has the hallmark of a massively overinflated bubble; In 2015 it was priced at less than $400, currently $46,508.00 as I type, after peaking at over $61,000 in March. If I was currently sitting on big paper profits in BTC, I'd be unloading my Bitcoin as fast as I could. I watched a Guest on CNBC say that Bitcoin will go up Tenfold five years from now, $500,000 in 5 years; Has she been “drinking the Kool-Aid”? I wonder.

https://www.cnbc.com/video/2021/09/14/cathie-wood-says-bitcoin-will-rise-tenfold-over-the-next-five-years.html

https://www.google.com/finance/quote/BTC-USD?window=MAX

The Off Book trade for the 20.281407 million shares went through at 159.2p, so it either went through around the morning UT trade at 08:00, or they agreed the price against the opening auction.

2021-09-14 14:39:49...159.2...20281407...32287999.94...Off-Book
2021-09-14 12:36:11...159.2... 7560000...12035520.00...Off-Book
2021-09-14 08:00:29...159.2 ........67061.... 106761.112...UT

LMAO, every time I have a dig at Crypto, or FAANG's, BT's share price takes a hammering; I'll have to remember that next time we're topping up our ISA's.

"OK so I have Bitcoin worth shall we say £1000. How do I turn that into £1000 in paper money in my pocket?"

https://www.finder.com/uk/how-to-sell-bitcoin

"Selling BTC for GBP
If you want to sell BTC for fiat currency, here’s an example of how you can do it:

Register on an exchange that lists the BTC/GBP trading pair
To satisfy government regulations, most exchanges will also require you to provide your full name, address and proof of ID.

Deposit BTC into your account
Before you can sell your Bitcoin, you’ll need to transfer it into the wallet of your chosen exchange. Find the deposit address for Bitcoin and then transfer BTC from your external wallet to that address.

Sell BTC
Once your transfer has been completed, you can then search for the currency pair you want to trade on the exchange you’re using. In this case BTC/GBP, and enter all the details of your transaction.

Withdraw GBP
The final step is to withdraw the GBP you’ve acquired to your bank account. This is a simple process on most platforms – just look for the “Withdraw” link and follow the prompts – but make sure to check any limits and fees that apply before finalising your transaction.

"where is the value in a US Dollar ?.. the Turkish Lira ? the Brazilian Real ? etc"

They're backed by the relevant Central Banks, and Governments.
Here's the issue with Crypto Currencies, they could be wiped out overnight if Central Banks banned conversion, and they aren't backed by anything hence the volatility.
Even prominent figures in Finance don't see any real value in it:

Jamie Dimon
“I'm not a bitcoin supporter,”
“I don't care about bitcoin. I have no interest in it.”
“On the other hand, clients are interested, and I don't tell clients what to do,”

Bank of England Governor Andrew Bailey
“They have no intrinsic value.”
“I’m going to say this very bluntly again,” he added. “Buy them only if you’re prepared to lose all your money.”

Who am I to argue with such prominent figures?

"Around 99% of trades worldwide today are speculation (gambling)."

Anyone who invests in any asset is betting on making an eventual profit, but I get the impression that many who invest a lot in Crypto, do it with Diamond hands.

"Fleccy, sounds like you don't understand crypto."

I can see loads of uses for Blockchain, just not Crypto currencies.
i'm up for learning stuff, explain where the value in crypto currency is?

I said
"and since crypto currencies appear to be created willy nilly, maybe hundreds, how can they really be worth anything?"

Seems I underestimated how many there are.

"CoinGecko is now tracking 9,340 cryptocurrencies"

Forget Rabbits, they're breeding like flies. Where there's muck there's brass, as the saying goes, or is that going too far lol?

"Openreach is worth a packet. EE, too."

I can agree with one thing you wrote.

"The beauty of cryptos is that you can gamble on them 24hrs a day, 7 days a week, 365 days a year."

Why not use an online gambling site, where the games are more fun, then?