Member Info for Fukurokuju79

It's got a value in the same way fiat does. But it's got a finite amount of circulation, unlike the hyperinflation of paper currency which is obviously endless with quantitive easing etc. Crypto nor fiat have intrinsic value. Nothing has since using metal based coins. So basically the real rise in bitcoin relies on its adoption. If bitcoin and its block chain become the defacto currency and ledger for electronic payments it's value (and price) will rise. It can rise massively if it was adopted only a bit. Logically it makes so much sense to use crypto over fiat. No exchange rates, immutable ledger, more divisible, more accessible for developing nations than fiat etc etc. So much better but in reality adoption won't be easy and so I agree it will be uphill to change the 'system'.
I copied this but gives a flavour of its potential
'Our total estimate for global value of mediums of exchange and stores of value thus comes to 72.1 trillion U.S. dollars. If Bitcoin were to achieve 15 percent of this valuation, its market capitalization in today's money would be 10.8 trillion U.S. dollars. With all 21 million bitcoin in circulation, that would put the price of 1 Bitcoin at $514,000. That's just 15%.
Walls of institutional money going in now so it's certainly got something behind this rise. Personally from a functional perspective I think a number of the alternative (alt) coins do a better job in most use cases than bitcoin. So in short I defo see cryptocurrency as a future asset over fiat currency, and no one seems to see past bitcoin ATM so will be interesting.

Oh and the buy was mine. Albeit I am a little unsure ATM in terms of the impact the extra shares will have. The supply of shares hitting market may hold the price for a while so I may have dipped in a little early. Not sure yet. But I do like the potential here mid term. I'm happy to be challenged on this?

Yeah interesting thread.
I'm really happy with PW and his smart growth approach. I think he and his team are all making very well considered decisions and not focused on increasing capacity at all or any costs.
They seem to be making sensible, considered deals and decisions.
Having that faith in management and leadership, to me, is the most important thing.
Maybe a good one to try out across to them in the next set of questions they are collecting. If be interested to hear what his thoughts are.
I'm not on social media though.
Gla

But PH is PH Bill. Argo still have (at the moment much more) albeit using a slightly less 'energy' efficient machine, which may or may not impact the aisc of mining depending on the energy contracts.
Valid about future PH capacity being accredited into RIOTs loftier valuation but still undervalued here and obviously PW will continue to make smart growth as he has managed with our own increased capabilities from end of this month.
Anyway, all good debate.
GL all

Basically there are several different market segments on Nasdaq, each segment having multiple listing standard requirements. Of which, a company must meet all the criteria under at least one of the standards criteria for the relevant segment.
From what I'm aware the majority require $4 price but the Nasdaq capital market has a lower requirement predominantly $3, but as low as low as $2 for one of the standards (capital market) segment.
As for why the minimum price requirement lord knows not sure it's a volatility thing as fewer shares, less liquidity, increased volatility. Plus you can list with very few shares in issue providing some where around a million free float.
When listed you can still remain even below the minimum required price but their is a floor of $1.
Way too much time and effort to assess its against it all I will let PW and co do but I'm sure he is investigating it's benefits vs the cost and additional governance impacts.

Wow. Unreal. Mikey with respect you are obviously doing okay here atm but you really need to work on your fundamental understanding of the stock market. Need to be open to understanding what is being said to learn.
I know that comes across badly and I don't mean to offend but this is the basic fundamentals.
Think of it this way if I offered you a millon pound in pound coins, or ten thousand in five pound notes what would you prefer?
I know it's a simple analogy but it's just evidencing it's the value (market cap) not the denomination (price) that matter! Especially when comparing to peers you don't look at whose is biggest, unlike in the locker room x

Well, we look forward to that time. When the board is so busy or names are lost and we go from 0-50 trades a day to many multiple of that.
Have a good weekend.

Well I added a few today so I'm hoping it's a case of timing the market on this occasion :)
GL all

Haha I managed to get a couple chunks in end but split the trades. Won't pay that lofty price :)

Where's Mr or Mrs 250k when you need them

Go on then cos I can't buy anymore lol.
Managed to get 500k but no trade and getting them was hard

Sell as I can't get offered anything.
Managed to buy 500k. Won't let me buy any more.

Incredible huh. $40 took a while but she's blown for now.

We opened where they closed. After days, weeks of relentless upside. It's unrealistic to not expect this and imo it is consolidation.
The trend is still up. I think all markets reflect that. This is simply a breather, ahead of the next wave.
Of course it's a consolidation. It's not a reversal that's for sure. Just need patience l.

Not really, that's how one person sees it lol.
I could argue/post the same for the US market when they didn't keep buying back up to the start price, after they opened higher after London closed.
Not saying that's the case but just illustrative that
One person's view doesn't reflect or make it that of a whole market. Lol.

Atb think a good afternoon here but will see

Temporarily. It's generally opening where states left off. I had assumed a little upgrade here to open £1.10 but none of it matters.
When the listing is confirmed we will rise either today or when states pushes us up on their market.
People may sell here but I think the rise happens with a gap up Monday and people that decided to sell may regret.
Defo not selling personally and I've a fair chunk. Rome wasn't built in a day, despite this crazy rise over last month or so.

I prefer your guess to mine amnesia let's hope you are right lol.
I hadn't really thought about it but you could be right.
More platforms, more demand, more MMs stateside and so yeah additional stock will be needed from London.

Like someone said yesterday it's like a massive unregulated share buyback lol

Didn't happen until late. Defo legit as so many people have confirmed it's on the additional platforms. Expect PW was asleep when finalised so just needs time. News will land.
Atb

Just for fun as I've no crystal ball: opens £1.10 without rns. RNs then rises maybe ends where left off yesterday. Americans take it up and gap up to £1.50 Monday.

Yeah its main market listed in London.

Also as of recently started to be traded on the OTC pink sheets in American. This listing being mentioned is an upgrade to it's American listing on the OTCQB venture market. Basically makes it open on wider platforms and to greater investor base in America. Like an OTC upgrade effectively.

But yeah your shares bough in London are all same and safe

Gla

@trader Ive been in since 6p lol. It's been a long day/week so I'm fried. Lol

@AIG - is that your Twitter account cos you posted it loads.
Anyway will have to see what's released in morning. News may come later in terms of RNS depending on where it's at, nomads etc etc