Member Info for Jinkar

@Clued, not sure why you are involving me! I could retort but have a little inclination to carry this on. A simple internet search will provide your answers on UK train fares, company profits and where they send their profits and who benefits from those profits in their countries. @Ash was wrong to be abusive likewise you were wrong to be arrogant about my class as if only the Prole swear!

@Ash, totally agree. Capitalism shouldn't mean gross profit taking. Good for you that you pay your union to get your share of profits generated. Waiting for possible end of day drop and look to buy in tomorrow if in the 220's.

IREN & Wulf are doing the business. Got stung with IREN earlier and dumped them🤦🏽‍♂️

Good Job 💷

Nice rise on opening an unexpected surprise.

I am assuming it is reports coming out of India that Modi is not doing as well as thought. Anything else?

Any news you have?

Well that was short and sweet I was expecting to be here all summer at least. Got out at my entry price with £1181 dividend to come. I'm off to pastures new with my div cap strategy. 7.6% so far this tax year. Good luck here and I hope it keeps going up.

The dividend and pricing are in a tug of war. The dividend will go down but the price of the asset will go up and vice versa. There has been an increase in price this past couple of weeks so I would expect the dividend to decrease a little.

@Finley, The Indian fund I use is AIE. It is an investment trust. Gone well over the last few years, a drop off in the last week or so. New to this board as I bought in to the dividend capture strategy in one of my ISA accounts. I thought I would have to hold over the summer at least but been surprised by upside momentum.

Does anybody have any bullet points that could persuade me to hold? My dividend capture strategy has worked so far this tax year.

GLA.

🚀💷🚀DAGB 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 💸💰💷😀.

👍"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." 👍

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!!

🚀🚀 $70k BTC price earlier today😀. 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.

🚀🚀🚀😀. Pre-market is strong. Get some while the going is good.

🚀🚀Great 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?