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K3VMC, no offence taken. I like Saylor and think he's played a great role in promoting Bitcoin to the masses, but he obviously has financial incentive to ramp Bitcoin over everything else. I'm not sure what qualfies someone as an expert or what determines whether one person's opinions should warrant greater respect than another. If it's based on money alone, it's worth seeking the opinions of the likes of Winklevoss twins and Tim Draper, etc - pro crypto billionaires who are not necessarily Bitcoin-centric like Saylor and were buying Bitcoin when Saylor was calling it a scam :D
Any incoming regulation is unlikely to be so severe that it stifles the industry resulting in the death of all current altcoin projects. What would be the incentive to do this? Blockchain technology, although in it's infancy, has already proven to be useful in various industries. Ethereum is already being used for a number of real world applications including finance, healthcare, digital identify, supply chain, tokenisation of real world assets and many more.
Assuming the SEC tries to clamp down on all current 10,000 altcoin projects in existent, I suspect it will a take very long time to do so - assuming it were even possible. If there's a looming threat of heavy handed regulation, altcoin teams would simply become anonymous. Some projects have already taken this approach with developers working on code without revealing their personal identities, pushing out immutable and automated protocols which continuously run 24/7 and which cannot be shut down run as long as the internet is functioning - a la 'Satoshi Nakamoto' and Bitcoin.
I can't believe I'm typing this, but I'm considering buying a few pieces at 10% discount and then reselling at a later date for a quick buck.
Pearls, is this you on Twitter?: https://twitter.com/jublix/status/1457725457307217921?s=20
I’ve just received the email allowing access to buy. It looks like 2880 pieces have been purchased so far out of 80,000 total (3.6%). Are you chaps buying?
Spirit of the British Bulldog is kicking in. We might be the underdog, we might be outnumbered, but we are never outgunned. LETS GO!
It's the same style debt offering used by Michael Sailor for MSTR? All aboard please, we are going deep sea diving for pearls.
RIP to those who sold at 120p instead of buying. I did mention that day to consider countertrading yourselves and your emotions. Also said Pearls commenting twice was a huge buy signal since he historically has a record of getting it wrong, acting as a huge contrarian indicator.
Note that even Chaebol is sounding bullish today...
It looks like the bottom is in. Pump it PW, let's fooking goooooooooooooo.
Railway, I suspect you are correct regarding legal implications for under 18's. Having read through the Showcase email, it appears that buyers of the stamp will not have direct self custody - the tokens will be held and secured by Showpiece/Stanley Gibbons, with any transfering of tokens requiring approval and rubberstamping.
This is in contrast to companies like www.nifty.gi who require buyers to use their own digital wallets, giving individuals total custody of their tokens and more importantly, complete control (to send the tokens to whomever and whenever they choose, irrespective of age).
Showpiece/StanleyGibbons method can be considered more centralised and does not align with the ideals of decentralisation and "cutting out the middleman". However, it does save buyers/owners from having to deal with digital wallets which some people may find convenient.
Ride em cowboy
Forget what I said in the first comment. You can lead a horse to water but sometimes the horse knows best. Let the horse get thirsty so they figure out themselves. Shrug. Good luck everyone.
Chaebol, I’m mostly a holder but comfortable taking on trades. Have a look at CCNC chart for a good set up. Crap fundamentals. Good technicals. Good pumpamentals.
If accumulation is ongoing, it’s beneficial for the accumulator to convince others that the asset stinks, allowing them to buy when prices are low. Once accumulation is over, it’s in the accumulator’s interest to convince others the asset is great. Simple rules of the game…
Chaebol gets it. He knows the game.
He already knows that Argo will eventually fly, which is why he spends so much effort here convincing others that it won’t.
I respect the hustle, Chaebol. It’s a zero sum game after all, but it’s worth trying to quantify your efforts to see how much of an impact it really has.
Hi Pearls, I haven’t changed my opinion on the future prospects of SGI or the stamp collecting industry, and still believe there are more profitable investment opportunities to be found elsewhere. Although I am intrigued by the concept of fractional ownership/tokenisation of real world assets, be it stamps or anything else. There are a few UK companies operating in this space already, but since I’m here I may as well sign up to SGI’s offering to see how it works.
Good luck Pearls. I've registered with the site to better understand the process. I might even participate in the offering!
Update of yesterday's CCNC trade which closed today at $1.94 and 13.45% higher, making it one of the top performing crypto stocks from the 35 or so I'm tracking (second only to CoinShares at 13.92%). I ended up closing the trade due to Bitcoin uncertainties which looks to be gearing for a sharp move (Bollinger Bands squeezing) but will re-enter at a later date. Profits made, albeit small, are being rolled back to the Argo mothership of course.
The 1 day timeframe is too short to prove the theory I mentioned previously that all crypto stocks (good or bad) will eventually pump. Assuming no black swan events and Bitcoin continues upwards, I believe Argo will eventually pump harder and higher than many expect. So if you sold Argo due to FUD from the usual folks playing snakes and ladders, I would suggest buying back in before some of tonight's Twitter information is wrapped into an RNS and made official. Thanks for reading.
bluebay, I understand what you're saying, but I'm not bothered about the fundamentals. Sounds strange I know. Just putting my balls on the line and stating my entry in advance before it pumps and not after.
Bought a load of CCNC on Nasdaq. Yep I know its dodgy and probably one of the worst cryptostocks out there on a fundamental basis, but looks solid to me chart wise. Doing it to prove a point that all of these stocks will eventually fly irrespective of perceived fundamentals. Just so happens ARB is lagging. Shrug, I got time. Entered CCNC at $1.71. Wish me luck. Pump it.
Choosing to restrict under 18's from participating in the offering was also a questionable move I think. There's a whole new generation out there whose first financial investment will not be in traditional stocks and shares, but in crypto assets. Whether it's a rare NFT in-game sword or an NFT pair of limited edition digital trainers to wear in the metaverse, alienating this specific age group and pandering to the usual old white men demographics of the stamp collecting world demonstrates a lack of understanding of the current crypto space. Then again, there are plenty of struggling companies making a pivot to NFT's/Bitcoin mining recently and I suppose SGI is just following the trend and hoping to capitalise on the Bitcoin bullrun hype. Whether the strategy pays off for SGI is another matter?
I just found the worst possible stock that I don’t have any faith in. It’s got plenty of red flags and I have unlimited concerns about the company. Time to go all in I think!