The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
ππ·πDAGB finally has MSTR as it's largest weighting over 11%. Not sure if this is through investing price appreciation. They have my top 3 in their top four now. If MSTR keeps on going, will be wife changing money πΈπ°π·π.
π"The U.K.'s Financial Conduct Authority on Monday opened the doors for institutional investors to create crypto asset-backed exchange-traded notes. The London Stock Exchange later confirmed that it would accept applications for bitcoin and ether ETNs in the second quarter of this year." π
Lol I take it all back. We are getting onboard!
It's a shame that us in Blighty are not a leading part in all of this. We don't seem to have the vision. I will have to rely on my MSTR shares, I wish I had packed more MSTR bags earlier!!
ππ $70k BTC price earlier todayπ. Miners will have to follow at some point. MSTR is killing it.
GLA
@Gower like all industries and maybe life, the weak will fade away and the strong will get stronger. The fund holds the most weighting with the strongest miners. Marathon hits it's mining targets but also sets out a new strategy for future growth but the immediacy of the market doesn't like it so it gets hammered and we suffer. Iren 40% dilution recently hammered. On the other hand Cleamspark was $6 a few weeks a go went up to $23.
Take some profit.
These miners are the ultimate BTC proxies on steroids win and lose big, these are not totally BTC correlated. I don't want to own BTC on it's own but I believe in MSTR so I have a large hold and adding position (pca in) as my closest BTC proxy which is a little saner than the miners. I'm not so sure about your belief of the economics of the halving.
With the scramble for BTC, its price increases through scarcity. The reward per block is reduced but the price per coin is increased. The fees that miners get have also increased and will probably carry on in the future. When the weak fall as they do now the hash rate drops, the strong step in and keep the hash rate up and rising. Most of the companies in this fund are going to be the winners because they will have the cheapest sources of energy and highest hash rate.
My biggest fear? is the USA government getting involved with regulation.
The fund is volatile, treat it that way get in and out. If you want to hold something I can't see past MSTR, CLSK and COIN as being safer winners.
GLA
The 5 and the 13 ema crossed over at 4pm GMT so BTC will be marked down. How much for how long??? I disagree @bone the miners I think go up in advance of BTC. They spike up they spike down. These are volatile stocks. I hold some and trade some. Works for me ...mostly. The disconnect between BTC - DAGB - Miners -UK time and USA time Is good for trading this ETF.
ππππ. Pre-market is strong. Get some while the going is good.
ππGreat day yesterday. Today looking not to shabby BTC @ $56k. Sold out of IREN just about got my money back now have some dry powder for today. (Q) $60k next?. That is the beauty of BTC if you believe in the story then absoulutely will reach that figure. When? who knows. Michael Saylor bought another 3000BTC @ $51k ish. Good enough for him good enough for me. GLA
I agree about if you a conviction on a certain miner/s. I have Cleanspark, Iren, Bitfarms and Terawulf on an individual basis that I trade in and out of occasionally. I wish the fund had a higher weighting to CLSK. Just need BTC to go on another run up.
Hopefully BTC has a nice rise this week. I took an IREN trade Friday evening. Did anyone else get in on the drop?
πBTC supply crunch happening? BTC @$52.3k. Most miners we have are going well. APLD bit of a recent drag with 5% shorts on it down from 6%.
ππ
Chinese New Year seems to have a historical effect on BTC. "Real Shock Reason Behind The Sudden $200 Billion Bitcoin, Ethereum, XRP And Solana Price Surge?". Great quarterly update from CLSK last night. Should propel it higher along with BTC uplift and good prospect for all large miners. BKKT took a whack though!
Got some for my Sipp end of December @241p. Long term hold and top ups. A democracy of 1.4 billion people with financial systems taking hold, young educated entrepreneurs. Hopefully will be similar story to China growth in the noughties. The fund has done 30 percent a year for the last 5 years averaged. More to come.
From Noble presentation @ 11:52;
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β’ A detailed study of all the helium prospects in the world.
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