Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Lots of punters happy to make their 5% and move on. I am waiting for 500%
Bright and chilly here at the TSX buys already going in.
As I chomped on about yesterday. Watch the price action from around 2pm your time. Us in Canada and the yanks like this story which is why we believe a dual listing is on the cards..
Looks good but we need a fair wind with the price of Crypto.
I like the 'bits and bobs' bit...
Even from a chartists perspective it's a real change in the wind direction.
The SP went up after 2.30 PM exactly as I told people here and on ADVFN.
FFS it was not a sell. It was a buy worked between 1.45pm and 3PM from North America. It is not mine but I know it was a worked buy. !!@@@@
And up we go..
Trade just gone through...
What's weird is it was tipped on Thursday in our Toronto Star as one to make you rock. Lol 2 days of gains followed.?? Is it heading into North America?
Acorns. Check out how big those oak trees grow. !! I retire in 5 years and am looking at a price in the pounds...
Was it a sell? Like my broker says, only 2 people know what it was. Everybody else can just guess.
Christ that's tight !!!!!!!!!!
I refuse to average down anymore...I am beginning to think this will be a write off..
Respected Financial Historian Calls for Bitcoin Integration into U.S. Financial System
Author: Martin Young
Last Updated Nov 30, 2020 @ 07:10
In a lengthy article on the rise of Bitcoin and its role in the financial future, a well-respected former Harvard professor has suggested that the Biden administration would see benefit from integrating the digital currency into the U.S. financial system.
Financial historian and Milbank Family Senior Fellow at the Hoover Institution at Stanford University, Niall Ferguson, has penned a lengthy piece on Bitcoin which is getting noticed by the crypto community.
In it, the former Harvard and Oxford University professor commented on how the traditional naysayers and debunkers have softened their collective stances this year as the asset outperforms most other traditional investments.
Big Bitcoin Endorsements
The piece was re-tweeted a number of times, most recently by 10T Holdings co-founder Dan Tapiero who observed that this could garner huge attention. Of particular note were the comments on the integration of Bitcoin into the U.S. financial system;
“Rather than seeking to create a Chinese-style digital dollar, Joe Biden’s nascent administration should recognize the benefits of integrating Bitcoin into the U.S. financial system,”
Shocking and Incredible.
“Biden should integrate #Bitcoin into US financial system.”
Most respected financial historian alive @nfergus bitcoin comments to attract huge attention.
Favorite Establishment figure on monetary issues to galvanize action. Wow.https://t.co/xIgPIWgg88
— Dan Tapiero (@DTAPCAP) November 30, 2020
Ferguson made additional references to China’s digital yuan adding that its potential for adoption for remittance payments or cross-border trade settlements is ‘substantial’.
The Bloomberg columnist had previously written on the virtues of Bitcoin stating that there are far fewer coins in circulation than there are millionaires on the planet.
“If millionaires collectively decided to hold just 1% of their wealth as Bitcoin, the price would be above $75,000 — higher, if adjustment is made for all the bitcoins that have been lost or hoarded.”
Big Names Paying Attention
He made reference to a number of big names in the financial world including Paul Tudor Jones, Stan Druckenmiller, Bill Miller, and even Ray Dalio that are now appearing to turn bullish. Even ardent Bitcoin detractors such as Peter Schiff and Nouriel Roubini, also mentioned in the article, have started to change their tune.
He added that adoption has much further to go, quoting Argentine-born tech investor Wences Casares who stated after ten years of working well without interruption, with close to 100 million holders, adding more than a million new holders per month and moving more than $1 billion per day worldwide;
“it has a 50% chance of hitting a price of $1 million per bitcoin in five to seven years’ time.”
The advantages of sovereignty and scarcity a
One of the places where Bitcoin is gaining popularity and acceptance is UAE. Currently, people are looking more often for places to buy bitcoin there. It is quite a simple process for both the country’s residents and tourists to buy leading cryptocurrency quickly and securely.
Bitcoin (BTC) has come a long way since the invention in 2009. Now it has an edge that cannot be ignored by savvy investors. In recent years, the world has taken an interest in the most attractive cryptocurrency. There are many positive outlooks on Bitcoin in the UAE, too. It should be noted that once the United Arab Emirates was a pioneer in embracing the blockchain initiative in the Middle East region.
There are various ways to buy bitcoin in the UAE. Over time, as the use of bitcoin and blockchain technology expanding in different areas, some initiatives in this direction emerged in the country. The number of cryptocurrency exchanges, branches, and ATM points is increasing day by day. It is not difficult to buy Bitcoins as long as you find the best option for you.
Online Crypto Exchanges
One of the ways to buy Bitcoin is by using online crypto exchanges. The exchanges are designed to support the dealing of cryptocurrencies. Before purchase, users enter an identification process. The process is called KYC (Know Your Customer). The KYC verification procedure requires information about buyers (proof-of-identity, proof-of-address, etc.). After the verification process is finished, Bitcoin transferred to the user’s cryptographic wallet. The only obstacle in this method is that it is not possible to pay cash.
ATM
Another alternative way to buy Bitcoin in the UAE is ATM. UAE’s first and only available bitcoin ATM is located in Dubai, the country’s largest and most populous city. It was installed at the Rixos Premium Hotel in JBR, Marina, in 2019. Users who decide to purchase Bitcoin via ATM can own it here with a 5% commission and cash payment only.
Buy Bitcoin in Dubai with Coinsfera
There is another method for those who want to buy a large scale of Bitcoin with the convenience of cash payment. Being able to buy Bitcoin in Dubai with cash is the most comfortable way for buyers. Operating since 2015, with a cryptocurrency cashpoint in Dubai, Coinsfera allows residents and visitors of the United Arab Emirates to buy, sell, and trade bitcoin with cash, instantly. It offers not only cash but also credit card payment too. Through Coinsfera, even if you are not an expert in the world of cryptocurrencies, buying bitcoin in UAE is quite simple. Coinsfera supports more than 500 cryptocurrencies in addition to Bitcoin(BTC), Ether(ETH), USDT (Tether) Bitcoin Cash(BCH). Cashing out with Dirhams or USD also possible.
We feel now is a pretty good time to analyse Argo Blockchain plc's (LON:ARB) business as it appears the company may be on the cusp of a considerable accomplishment. Argo Blockchain plc, together with its subsidiary, Argo Blockchain Canada Holdings Inc., engages in the crypto asset mining services worldwide. With the latest financial year loss of UK£869k and a trailing-twelve-month loss of UK£1.3m, the UK£30m market-cap company amplified its loss by moving further away from its breakeven target. Many investors are wondering about the rate at which Argo Blockchain will turn a profit, with the big question being “when will the company breakeven?” We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.
Check out our latest analysis for Argo Blockchain
According to some industry analysts covering Argo Blockchain, breakeven is near. They anticipate the company to incur a final loss in 2020, before generating positive profits of UK£2.4m in 2021. Therefore, the company is expected to breakeven just over a year from today. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 180% is expected, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.
earnings-per-share-growth
LSE:ARB Earnings Per Share Growth November 28th 2020
Underlying developments driving Argo Blockchain's growth isn’t the focus of this broad overview, however, keep in mind that generally a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.
Before we wrap up, there’s one aspect worth mentioning. The company has managed its capital prudently, with debt making up 1.4% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company.
Next Steps:
There are key fundamentals of Argo Blockchain which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Argo Blockchain, take a look at Argo Blockchain's company page on Simply Wall St. We've also put together a list of pertinent factors you should further research:
Valuation: What is Argo Blockchain worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Argo Blockchain is currently mispriced by the market.
Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Argo Blockchain’s board and the CEO’s background.
In a very unusual place for me yesterday, I hold 555k shares at an average of 7.9p and although was loving us in the 12p range, I set another buy at 9.8p and when the SP fell to 10p was willing it just a bit lower as I will sit on all my shares until I am 60 in a couple of years time. ''Blockchain/Crypto are now where the internet was in 1987''
Lets hope this tide turns as I am not looking good at the moment, even had another average set at 2.9p yesterday lets hope I never get any ! My average is still at a meaty 5.1p :-(