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£18.9M revenue and £1.4M profit and market cap of £420M, what sensible person would think that isn't way overvalued ?
Why invest in a BTC miner anyway, it's fortune is entirely dependent upon the performance of the asset and that asset is so easy to purchase and hold yourself in so many different ways. Why involve heroine dealers and Americans with dodgy facial hair ?
LOL, I don't want to change their minds, I sold my shares and I've moved my BTC out. What invigorates me is the ludicrous and desperate attempts these pump room members make to prop up their pastel pink baseball cap shopping cart !!
Of course it doesn't generate revenue, it costs them, they are PAYING OUT, they've pulled it because they're in the sh*tter. Be wary of anyone called JR, we all know what happened to him in the 80's.... eh Kirsten!
I refer you to my response I gave some hours ago.
Anyone thinking that Barclays closing down Pingit is in the same universe as what Mode have done should really be asking their mummy for some more pocket money.
It gets lent out for leverage both Longs and Shorts. People holding BTC for years don't care about short term blips and that so called measly 5% is worth a lot more than 5% when the price of BTC goes up 3X 5X 10X. It becomes a huge % of what you've originally put in.
There are a lot of clueless non crypto people on here spouting guff.
You can get passive income at EVERY other exchange so the BTC JAR is important to Mode but you just don't get it. Nobody is going to use Mode now to buy BTC and people like myself and LD will move our existing BTC out.
Therefore Mode has no business model, they have a shopping cart with a checkout that can use BTC...... big deal LOL
It's obvious that the next set of interims and full year 2021 will be abysmal. So expect the price to bob along singing it's song before it hits the bottom of the beautiful briny sea. KNOBS...... is a word in a film from which these lyrics are pulled.
AMT_G18
"I was looking at MODE for a while and watched it touch 80 and was still very tempted to buy. I like you now have an average of 55p. Which I am more than happy with. Obviously 51p would be better, but if those that took part in the placing were happy to pay 55p, then it sits pretty well with me."
AMT_G18
"If everything goes to plan, I can see MODEs MCap heading towards £250 million by year end, and that’s just for starters. "
But, I haven't lost any money ! You're the one underwater. Don't get too stressed over that 4 pence will you :) LOL
Mmmmm called out on your ridiculous post before and you have no comeback, no counter argument, sorry if I made you look like a total fool but it was for the "greater good".
You're logic is flawed though, why would I be talking down a share I am currently invested in ? Only someone currently invested and desperate for it to recover or not collapse in price would be making the ridiculous comparison with Pingit that you did.
I think you'd look good in the pastel pink cap, it would help to hide your red face caused by your utter public embarrasment.
You're still an idiot, Barclays is a HUGE enterprise and Pingit was a itty bitty dot of nothing in their portfolio. It was their attempt and instant mobile payments and got superseded by others like CASHAPP.
If you think that you can compare what Mode have done to Barclays and Pingit then you're a massive f*cking idiot.
The BTC jar IS MODE, that's all they had, they have essentially shut themselves down, Pingit was running for years, BTC jar less than a year.
You're the f*ckwit still invested in a no hope company that sells baseball caps and rucksacks so I can understand you clinging onto even the most tenuous of comparisons.
"They don't make the merch, Proof of concept, that's all, they have something to show and test now. Any merchants can now test the payment system properly, and it works a treat"
What ? using BTC on a checkout page ? Can use one of a few Wordpress plugins for that :)
LOL, so I can buy a couple of towels for £80 and I get £20 worth of BTC back. Even if it was a viable idea in the first place I wouldn't trust the scammers at Mode anymore. How long before the 1% back becomes 0.5% and then "oh sorry we're dropping our rewards scheme now but stay tuned, soon you'll be able to pay your Uber driver in BTC and get 5% back on every second monday of the month..... blah blah blah"
Sounds to me like they're haemorrhaging money too fast and can't keep up with the 5% rate, they don't seem to know what they're doing, I mean what are they now ?
I've got £1.28 left in Mode now. I transferred all my BTC out.
It's a car crash, BTC is a hodling coin anyway, it's the same as gold, it's not suitable to be used as a currency, something like DOGE, ETH or eventually ADA are more suitable.
If you're into crypto you'll go elsewhere and if you're not you won't give a monkeys about 1% back in BTC.
You can withdraw your BTC from the jar into your BTC account, but the transaction is not instant, it is run once a day at about 11pm BST.
Then you can sell that BTC into sterling OR transfer it to another wallet, like a standard Crypto transfer, which will involve a small fee. It's worth moving it out if you intend to always hold some BTC as everywhere else offers a passive income.