Member Info for Phoebus

Get a grip.

In trouble? Give me strength.

BOTAK, you are correct. I'm getting Chainlink (LINK) and ChainX mixed up. So many cryptos. KR1 have ChainX. My NAV portfolio has the correct data so the earlier figures were correct to the best of my knowledge. Current NAV for coin holdings and book value of non-floated investment is 63.1p. Staking yields are additional to this.

https://investegate.co.uk/kr1-plc--kr1-/prn/update-on-polkadot-ecosystem-projects/20201117070000PF7F9/

Whales filling their boots?

02:30 to 03:00
https://bitcoinwisdom.io/markets/bitfinex/btcusd

I think I've just realized why this has been going up this week. If you want to buy Argo Blockchain the ticker is not ARG it's ARB. You've bought a Falkland Islands oil stock by mistake.

'It’s feeling all a bit Todd Hoffman today!' How funny. That was exactly my thoughts too. No guts, no glory. No professional approach, no season 9.

This is what I recommend when you feel like that. Works a treat.

https://www.amazon.co.uk/Lindt-Excellence-70-dark-chocolate/dp/B00A8DM8N6/

Isn't that backwardation or like the GOFO rate going negative for gold? I think those are mega bullish indicators.

'... bitcoin will go nuts and FOMO will lead to an incredible rush ... .' Never a truer word. As Zengah would no doubt say ... what's 8p off a tenner anyway.

LB, I agree with ArgoBull. You've made some good contributions here. Don't sweat it too much after that BTC pullback yesterday as it was pretty much guaranteed after such a rapid and massive move. If BTC had pushed on without consolidation it would have been on a weak footing. If BTC builds gradually towards recent highs it will create a really strong base for a major move higher once $42K breaks and ARB should accelerate big style once this looks about to take place. 12:27 Thursday I posted, 'Don't be surprised if ARB suddenly rockets 50% when BTC breaks the down channel.' OK, when the break occurred on Friday we'd moved off the 68p level I commented at, but the SP hit 101.4p on OTC which was 49% up. The chart is shaping up really nicely and I'm very happy with my ARB position. The fact that a strong believer like yourself is feeling a bit wobbly is often a good sign that things are about to turn more bullish.

Not all wallets stay lost. Dropped mine in Wulai Taiwan once. Nice chap at the station walked down 200 steps to find me and give it back.

You can't be that bothered about the placing as you've posted that you averaged down three times since it was announced.

CEO PW answers the question regarding leasing from 2 min 25.
https://vimeo.com/500464562

Unix, I think PW addressed lease v purchase question in one of the 4 videos he did a fortnight ago. I think he said they did lease some machines at one point, but that was just a financing mechanism which resulted in them ultimately owning them. I think he was implying they own all of the machines. Can anyone confirm?

Is Telsa PE really that low? I though it was in 5 figures. Who knew? Cheap.

Banks are not willing to lend to different companies on the same terms. Until very recently ARB had a market cap less than the figure you are referring to and bankers have rules to follow. Moreover, I don't like it when companies I'm invested in go the debt route. Much happier with a placing. We owe nothing. The machines our ours. Debt can lead to some unpleasant consequences unless everything goes exactly according to plan. Ask HUR shareholders how they're feeling or GKP or XEL ... The placing resulted in a 60% increase in hash rate for round 8% dilution which is an increase of 44% in hash rate per share. That's excellent and I'd a bit feel cheeky expecting even more.

In case any of you missed it Blonity talked about KR1 for a few minutes in yesterday's update. He was very positive although I think his NAV figures were a bit out.

https://www.youtube.com/watch?v=LaRqWy0ylNY&t=10m19s

I see that Greyscale yesterday incorporated six new token specific trusts including one for DOT and one for ATOM, both of which are significant investments for KR1. They have also announced that several other trusts had already been incorporated including one for LINK which is also a KR1 investment.

https://www.theblockcrypto.com/linked/92919/grayscale-trust-incorporation-polkadot-aave
https://www.theblockcrypto.com/linked/92191/grayscale-trust-incorporation-chainlink-tezos

The Greyscale Bitcoin trust has been buying BTC voraciously of late and any move to start buying similar chunks of DOT, ATOM and LINK would clearly be massive for KR1.

https://dailyhodl.com/2020/12/24/crypto-giant-grayscale-buys-12320-bitcoin-in-one-day-13x-rate-of-new-daily-supply-entering-market/
https://coingape.com/institutions-are-back-grayscale-purchases-nearly-10000-bitcoins-btc-in-three-days/
https://www.cnbc.com/2021/01/13/grayscale-sees-900percent-jump-in-inflows-as-wall-street-flocks-to-bitcoin.html

Steve, I added 25K shares today about 10 minutes after the Elon news, so just below you. Would have bought immediately at 81p but had to sell elsewhere and then it went no quote. I'm very happy with today's action. Rome wasn't built in a day. Just imagine how many US 'investors' have chickened out on this evening's pullback. If BTC rises again once their market closes in 25 minutes those who took their shares will be very pleased. Elon better not tweet again or they will feel sick all weekend.