Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Stanley Gibbons missed a trick by choosing not to use NFT's and preferring to use their "digital tokens" instead. Digital tokens which are fungible will still allow fractional owership, but the whole point of non-fungible tokens is that they're unique and one of a kind. By using a NFT format, buyers would have been allowed, for example, to own a specific token number 1 of 100,000 limited pieces. But that's not the case here if using tokens which are fungible. I sense some people don't understand their fungibles from non-fungibles. Boomers trying to play Zoomers and failing badly.
It's also interesting the stamp is not being referred by it's full name, leaving out any references to British Guyana. A little embarrassed about the atrocities created by British Imperialism?
The website is incorrect in stating asset-backed NFT's are not possible/don't exist:
"However, unlike NFT’s, our digital tokens are backed by tangible items and have a secure and established legal structure underpinning them."
There are already NFT's backed by tangible items and I suspect many have structures in place allowing buyers legal claims to the underlying asset. To state otherwise is worrying and Stanley Gibbons should research this matter before publishing such statements.
Heres just one example of asset backed NFT's: https://mattereum.com
Pearls popping in here is the biggest buy signal ever. More so, given he has commented twice. Note that he doesn’t mention Bitcoin price anymore…
The irony is if he had bought Bitcoin each time he called for its demise this year, he would have more than made up for his SGI losses. Fact.
Tip: It’s always worth considering counter trading your/ the emotions of the majority. Im buying. See you on da moon.
Bottom picking stocks often lead to a brown smelly finger (not ideal for handling rare stamps).
At some point you have to put your hands up and say “Yup, I got it wrong”. It’s difficult, especially if you’ve committed much time and effort towards a company. No one wants to be wrong and perhaps that’s why we can often baghold a decling stock for years; our ego doesn’t allow us to sell, we want to be right! But as they say “it’s not about being right or wrong it’s about making money”.
You don’t have to love Bitcoin for example, you may think it’s a Ponzi scheme about to explode - but that doesn’t mean you can’t profit from it. Sometimes it’s beneficial to do the complete opposite of what we would normally do, especially if our current strategy is not working. It might well be the time to sell Stanley Gibbons and buy Bitcoin/Argo. Or it might not. Who knows?
A (rough looking) bullish divergence has appeared on the 1Day RSI. Previously I mentioned the divergence appearing on the 4Hour and it's nice to see it translate into a longer timeframe.
For those who don't understand the above technical gobbledegook, it means the chart gazing fortune tellers have identified a pattern in their tea leaves that a reversal in price trend may occur "soon".
With the upcoming financial results next week and ending of the 'quite period', alongside the current bullish Bitcoin price, the technical, fundamental and sentimental stars are aligning. This trifecta is a rare occurrence, similar to a solar eclipse when the sun, earth and of course, the Moon, are in perfect alignment.
Hi Pearls, Sorry I havent been updating this thread. Everything is still going to plan and you may have noticed lots of positive Bitcoin/Crypto newsflow has been published of late from Elon Musk, China mining ban revisited, to US banks holding crypto, etc. The chances of recouping SGI losses are becoming smaller as the days progress. Don't be fooled by the recent SP of Argo, as quite often the price does not reflect the various activities bubbling beneath the surface. It's no different to when BTC dropped to around $30.000 this year and the majority of the crowd were in a state of fear and confusion fixated on the short term price movements. As an aside, I was one of the minority at the time who said: "Recent price action of Bitcoin was a psychological test. Manipulation to shake out the weak hands into the arms of the strong". Not that it required any special insight, anyone with some experience navigating the crypto markets would have said the same. Or I suppose I just got lucky...
I may not be around to gloat when Bitcoin hits over $100,000+ and Argo eventually smashes past it's previous all time high, but when it does, think of me riding around on a moon buggy. Note I speak in absolutes rather than probabilities. One should never do so in the markets, but when you know, you know. If you don't, just sit back and watch in utter disbelief similar to when you watched Bitcoin climb back from $30,000 to where it is now. Good luck and if there is a God, may he/she/it bless you.
Mister beck, interesting answer. Constantly chasing the next shiny thing isn’t my cup of tea but if it works for you, then go for it. I think most people here are capable of winning a trade now and again, but doing so consistently and profitably over several years is very difficult, especially if you maintain a large portfolio. Lots of traders however, will talk about their latest wins but few will reveal their previous losses. I remember during the BTC crash in May many people, including yourself, were calling for prices to go lower to 20,000-25000 region which never quite happened. Not sure what positions those people took, but it wouldn’t surprise me if they sold low and rebought high. But they never admit that publicly of course. Time in the market, as they say, is more profitable than timing the market for the vast majority of people, but if you have an edge then that’s good for you.
I think I’ll stick to a simple buy and hold strategy, investing in assets I believe in, allowing me the confidence to hold through periods of volatility. Less stressful that way and in my experience more profitable over the long term. Crypto is volatile like you say, which leads to not only wild swings in price movements but people’s moods. It’s amazing how the colour of one candle can affect people’s emotions. One red day and people turn pessimists crying tears of despair angrily shaking their fists at the world, and the next blue day they 180 into optimists calling for all time highs sending love letters to PW. Kind of amusing to watch, but I suspect that rollercoaster range of emotions is similar to how traders must feel on a frequent basis whilst constantly stuck in front of a screen being dragged up and down by each candlestick. I’d rather put my feet up, drink a cup of tea and do nothing but wait patiently allowing my investments time to develop and grow. If the investments one day change fundamentally for the worse, I may reconsider and revise. But this is on a fundamental level and not necessarily based on the daily price fluctuations which I know is nothing but noise.
misterbeck, since you are a strong advocate of trading and appear to be quite good at it, do you mind sharing your next trade idea/setup? What's the next ticker, entry price and target price? Let's see how big your balls are.
In a crypto bull market the fundamentals often go out the window. When Bitcoin wants to dance everyone has their turn - the good, the bad and the ugly. Argo is arriving fashionable late to the party again, just like last year. When she arrives she will be the life and soul of the party.
Yes, it's investing in smaller companies which carry a higher element of risk so tax breaks are given by the government to help cushion any impact. Not sure if its any more riskier than investing in Bitcoin/Argo/Doge to be honest.
For me I see EIS, SEIS and VCT schemes as very similar to ISA and SIPP's - all government initiatives designed to engourage people to save/invest whilst giving generous tax breaks in return. EIS might not be for everyone here but thought I'd mention it as I don't see it mentioned often.
The pros of EIS far outweighs the cons in my opinion.
Assuming £10,000 Capital Gains Tax was owed to HMRC. You pay the tax office and it’s gone to the government. That’s it, the money is gone to Boris and Co. for good.
Alternatively you can defer the £10,000 Capital Gains Tax bill and invest the money directly into an EIS scheme, which:
-Has the potential to appreciate in value
-Any gains are exempt from Capital Gains Tax
-Can receive upto 30% Income Tax relief
-Any losses can be offset against your your Income Tax or Capital Gains Tax bill.
Whilst there is 3 year minimum holding period for EIS investments, it's somewhat irrelevant, since the money was due to be paid to HMRC anyway. Why choose to pay the taxman when you can invest the money instead? I’m not a tax advisor, but investing in an EIS is an absolute no brainer in my opinion for anyone who has a large CGT bill to pay.
https://www.gov.uk/government/publications/enterprise-investment-scheme-and-capital-gains-tax-hs297-self-assessment-helpsheet/
hs297-enterprise-investment-scheme-and-capital-gains-tax-2019
Enterprise Invest Schemes (EIS) are worth exploring if you're expecting to pay any Capital Gains Tax. Any Capital Gains Tax due from the sale other assets (stocks, crypto, property, etc) can be deferred indefinitely by investing the chargeable sum into an EIS. Depending on how you invest, EIS is exempt from CGT gains with additional Income Tax relief and Inheritance Tax benefits. I highly recommend you look into it if you're unaware of this scheme.
For those who do not understand or believe in Technical Analysis, the Bitcoin Fear and Greed Index is a simple and effective tool to gauge crowd sentiment and determine possible entries/exits.
Historically it's been safe to buy Bitcoin when the index is below 20-30, indicating the majority of the crowd are in a state of fear. When it's above 70-80 and the majority are greedy, it's time to be cautious.
https://alternative.me/crypto/fear-and-greed-index/
https://twitter.com/BitcoinFear
Just for the sake of transparency, this account PearToDaMoon is a derivative of Pear1s, which itself was a ****take of dear old Pearls. I’m now using this account to taunt Pearls at SGI every time Bitcoin/Argo goes up in price, similar to how he used to do the same here when prices dipped.
I’ve had two other accounts on here titled Lunq and Lunq_v.1.1.0. I have nothing to hide and stand by everything that was written under those accounts. You likely recognise those undernames and understand why I think you are a bit of a prat.
As for your comment on being opinionated, at least my opinions are varied. If I drunk a shandy every time you mentioned either: 1) how long you’ve been on this forum, 2) what a cheap price you paid, 3) how well you’ve done out of the stock, 4) MM, 5) PTB, I would be writing this message from Alcoholics Anonymous. Cheers.
Last week you were on suicide watch and this week you’re calling for 300p. I think I’ll stick with the opinions of others to be honest.
It’s always interesting reading other people’s approaches to evaluations. We are all unique with differing perspectives on investing and these collective opinions form the madness that is the ‘market’.
Another simple comparison of companies can be done on Yahoo Finance watchlist comparing SP performance against previous all time highs. Argo is around 63% from its peak and alongside RIOT( 63%) is among the most undervalued of the miners based on this one metric.
If you believe, like I do, that BTC mining stocks (and other crypto related stocks) are just a form of Altcoins, then it’s really only a matter of time till we have an “Alt season” where, if you’ve experience in Altcoin cycles, will know that everything is set to fly. Both the good and the bad will “pump” irrespective of perceived fundamentals. I think we already entering this period and it’s only a matter of time before this stock will fly in a similar fashion as it did early this year.
ARB price was approx 125p at the time of the previous post. It's now around 138p.
Can you feel it Pearls? It's happening.
Pearls remember for the past year how you would come to the Argo board anytime the SP/BTC dipped declaring prices were going to crash, it was a bear market, a giant Ponzi scheme, etc? Lmao. The next few months are going to be payback. All in a friendly kind of way of course. Sometimes I can go a bit overboard but it’s all just banter ;)