Davand We all know we can’t trust them but now the dilution is out the way there’s no other choice but to get behind these thieves and hope we get to a level that allows shareholders to recover their losses. I think the boards actions stink but nothing anyone can do. I think Zak Mir is correct and any good news could get us to 1p
This share didn’t participate in the recent rally following the rise in bitcoin. Why!. Is this a missed opportunity and will it catch as it moves rapidly when it moves
Davand I’m glad I didn’t sell at 0.037p . Zak Mir predicting 1p so worth a punt so I’ll hold until next month. May add more because it does feel like a breakout possible.
One thing is for sure it’s a good start to 2023. We are clearly linked like Argo etc to bitcoin. Shame we sold off from this mornings highs but reasonable to expect it to move higher like Zak Mir predicting. All in all a great run for LTHs.
I see Zak Mir predicting a bitcoin run up to 30,000. If this was to happen I’d say Qbt will benefit significantly but he also it’s a possibility it reverse to 18,500 to 19,000. Interesting week ahead
RE: Nobody knows where BTC is heading long term15 Jan 2023 13:19
Dom -Bella I think I put my case across clearly. If bitcoin pushes through resistance and goes to 25k then naturally I would expect a push through resistance but not to be altering to the resistance is morally not correct. Alerting someone is not saying don’t invest or I’m correct. I think at some point we break the downward trend but until that exact point we must be cautious. I believe you mentioned the top riser Friday so congratulations on that one. I’m invested and will probably be cautious and reduce my holdings a 17-18p unless we smash through with large volume and momentum then I would re value my position. I take the view a bird in the hand is better than the one the bush
RE: Nobody knows where BTC is heading long term15 Jan 2023 12:38
Dom-Bella I am simply using my personal charting analysing method. I may be wrong and you may be correct but I will explain mine. I’m taking the one year chart and matching all the peaks and when you draw a line it falls perfect around 17_18p. Then I do the same on the three month chart from the lows and I get 17-18p resistance. As I say if bitcoin pushes upwards then we could break upwards but I’m banking on profit taking at these levels and may trim holdings just incase of a retrace but that’s only personal strategy
RE: Nobody knows where BTC is heading long term15 Jan 2023 12:01
Dom-Bella That’s a brave prediction however anything possible if Bitcoin keeps rising. I see us getting to to 17-18p an encounter strong resistance and whether we push through this resistance or retrace will be decided by the performance of bitcoin. We could get a early boost in the morning I think.
The bottom line and reality is we are all invested to make money correct. I recently argued on one of my other investments QBT the only way to make money is average down when a quality stock falls despite fundamentals remaining the same despite delivering consistently. I’m currently losing on my 10.5m shares in MHC. Am I worried. No not a chance!. Why!. I invested at much higher prices and the falls in share price gave me the opportunity to take my average from over 3p to around 1.7p but the fundamentals remain the same or arguably actually improved. Markets will judge the board and rerate when they see consistency in delivering. Using this strategy in my investment in QBT I’m now sat on profits of around 80% given the share has recently rocketed over 100% from the bottom in a month. MHC is constantly beating expectations and I hope I can get to 15m soon before it jumps but I don’t think I will be given time. Expect a significant jump within the next month as a result of positive RNS due any time
https://m.youtube.com/watch?v=l9mYjGruSCY Fleccy I was just watching this and thought how the fundamentals of the conversation were qbt and FG and not Tesla and EM the comparison is so similar. Back to reality FG has a once in a lifetime opportunity to deliver a industrial revolutionary change in this sector
Fleccy I actually enjoy on this chat because you add diversity and I always say there’s two sides to coin. This is what makes stocks and shares exiting and produces winners and losers. Many times I’ve also criticised FG for the lack of transparency as regards authentication of data however I believe I’m smart enough to realise when we are close to a revolutionary breakthrough which will lead to a share break out. I’m from a property background and made my money in the property boom sector and continue to do so. I understand that nothing goes up in a straight like just as property is experiencing difficulties now due to rising interest rates and inflation etc. How will inflation etc effect crypto. Maybe the cost to produce Bitcoin etc is effected but if you own technology that reduces the costing to produce a commodity etc then it’s the perfect hedge and investment. Also I do see crypto as a tool being adopted as an inflationary hedge but what is the true value is determined by supply and demand. Remember only a certain number of bitcoin to be mined so as we get closer to the finish the price will be inflated just like a collectors car
RE: Was 50p just 6 months ago and 90p a year ago13 Jan 2023 15:15
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-january-13-91a0fe7/ Zak is loving this one. Yesterday and today. He’s expecting something big I think