Member Info for london_balling

They have a $100m loan becoming available.... they just didn't want to delay Texas and miss out on Pluto by waiting for all the paperwork to go through.... Hopefully the credit will be used for something splashy to say thanks when it's eventually done!

When BTC was 50% the price it is right now, December 29, Argo was 14% of the price it is right now.

Next please...

I'd have bitten your arm off for a close above £2 today... the fact we are so far ahead of the placing price, despite the steady flow of selling and scalping, the tsunami of negativity and all the FUD, is actually pretty incredible.

There will be better days than this, and I fully expect they won't take long to arrive.

For all that I was wondering about Layer1 last night, and as much as I think we should look into working with them/buying them/buying equipment off them, I think the company PW mentions is essentially the land, the corp set up with the land as its asset. Amanensia mentioned this earlier.

Do people not remember the threads from January when we hit £1.25 off with bitcoin at $40k odd... then we had the retrace to 63p and bitcoin to $29k and then all the way back up we had people saying... 'ohhh but last time bitcoin was this price we were x higher blah blah.'

Then we pinged to £3.30 and bitcoin to $58k.

Lots of energy and emotion being wasted on this level, just as it was two months ago, and just as it will be in two months when we're £6+ in all likelihood...

ZTFO

Spot on. He knew this would go down like a pint of warm sick but he did it anyway.... for a very good reason!

I expect I will rec every post you ever write. Certainly have so far.

Barmancy
Posted in: ARB
Posts: 432
18 Jan 2021 10:03
Looks to me like someone is trying to keep a low sp to scare sells out of the unwise—
Sit tight !! Turn your trades off for a week and then see if you’ve made a mistake.. let’s all see what these are at next Monday morning!!

Sometimes people should follow their own advice.

Don't forget, we are at max capacity, mining difficulty is actually reduced for the first couple of weeks of the month, I believe we might even be bringing additional rigs online from the 6,800 from the previous placement.. that plus the 3 extra days... oof. 200 is certainly not out of the question....

Depends if you need the cash in the next year? If not I'd let them run.

Is it too early to predict March results? They are going to be insane...

One positive I can find from this is that when the $100m credit does eventually clear we're more likely to spend some of it on bitcoin to HODL if we've already got 'boots on the ground' in Texas...

I think sadly, DS, we have a few people who spent a little too long playing on flight simulators on the Commodore 64 and now think they are a better pilot than the one we have....

It's 80% of your portfolio because of decisions PW has made... whether it started off as 20% and has grown or whether you chose to invest that much in the first place.

This is just another decision he's made. Every single one of the decisions he has made in the past six months has added value, both short, medium and long term (maybe just not in terms of a few days here and there which to me is below short term thinking threshold, more like micro-term or instant gratification).

You're essentially saying here that he's made you lots of money but it should be more. If he hadn't made this decision then yes of course we might be 25% higher today, but that might eventually have consequences down the line... an extra month to wait to build Texas might mean the price doesn't rise by 5% for an extra month later on. Be sure, that 5% in December will be worth a hell of a lot more than 25% today, at £2.40. The SP has gone up more than 100% in the past month, I must reiterate.

I don't think it's a cult, to me it's appreciation and recognition for what he has done in transforming the company. It's showing the faith and trust I think he's earned.

Did it sting me last night, absolutely, did it financially affect me, yes too, I bought yesterday and couldn't buy from Primary Bid. But I am looking at the big picture for a reason. I'll accept micro-term pain to myself for a raised eventual ceiling in 6/8/10 months for us all.

I'm not filtering you, and not just because I can't see how many I are in your name! ;)

The ideas about borrowing against the HODL are 100% valid and I'll be asking this at the next Q+A if nobody else does sooner!

If they hadn't done it at all then people would moan about 'banking buddies' being given preferential rates compared to individual PIs... that's what happened last time. This shows he's paying attention and acting on it. The money was clearly needed quickly and was raised quickly. Maybe next time they'll have one which is open for longer as he acts on the feedback from this time, who knows?

October 11 - £0.05
November 9 - £0.07
December 9 - £0.10
January 10 - £0.95
February 9 - £1.23
March 9 - £2.40

The rises have come in the midst of dilution, expansion, fundraising, discounted private placings... Peter Wall was responsible for all those things, but that means he's also responsible for the rise. I trust his judgement.

Yes I'm annoyed I topped up yesterday, I feel a little silly, like I know pretty much everything about this company but I did not know that was coming, it stung... but you know what, I'd much rather Peter spent my dirty worthless fiat cash on aggressive timely expansion than sold the HODL to fund it.... that means more to my long term wealth than whatever I had in my bank account yesterday.

If big iis want to get on board, great, word is spreading, he's found a way to get them in and allow normal people to come in at the same price too, even if it was a small window of opportunity. That's a positive.

The past 24 hours will be totally forgotten about on the day we finally crack £5, or £7.50, or £10... there won't be a post about it on those days, but make no mistake those days will happen sooner because of things like yesterday!

The day it lists the chances are the £8.5m Argo have put in will very likely be worth £25m.... more perhaps. We have an absolute ton of 6p warrants. The only thing that would make Pluto not a good thing to be invested in is if the entire crypto landscape collapses, and if that happens we're going down anyway!

They have been working on some system to enhance the local power supply by the looks of it.... I have absolutely no idea if we have any knowledge of them, but I'd be surprised if that remained the case for much longer...

The security certificate on their website lapsed 11 days ago. They were also in court for a patent infringement case today. Disarray.