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Like the cut of that man's jib, the CEO, good interview and plenty of ambition, so added a chunk this morning to my holding. Looking forward to a £2 billion market cap but would be glad to see it at 7p first! Small steps...
That's good to hear that it's not Abingdon. I mean, not good for the owees, but for other shareholders. I'd be screaming down the phone at Link and spamming them with emails if it was me, as you can imagine the threatening letters that would be received if the boot was on the other foot!
What I'd like to know is who has your money and is not refunding? Is it HL, Link or Abingdon? Has anybody else that took up the offering with a different broker received their refund yet? I didn't take part in the offering, but if it is Abingdon holding up the monies, I would be very concerned.
Haha Lee, I can see I will never convince you that these new-fangled financial markets are worth investing in! Meanwhile, I retire in a couple of days time, just before my 60th, so I'm no callow youth myself, and the opportunity to do so is not because of my pensions (which are worth sweet FA), or my investment in stocks and shares and precious metals (which have made me a few tens of percent ROI), or dividends (which, if you are lucky, will make you 5% APY); It has been purely because in 2016 I decided to learn what crypto is all about and am still learning, and investing. Happy Christmas everybody, and keep an open mind!
Signed, but I wish the person initiating the petition had come up with a better title like: "A petition to the UK government to promote the use of highly-accurate covid lateral flow tests produced in the UK in favour of the inaccurate Chinese tests currently being used" or something like that. Yeah, yeah, I'm nit-picking.
What I'm really trying to say, is don't write off any form of investment, be it crypto, precious metals or tulips. I'm sure a lot of people made a good deal of money selling tulip bulbs, picks and shovels in the gold rush and shares in dotcom companies that no longer exist. You just tend to hear about the losers, the ones who bought the shares at their peak and sold in the trough, believed the hype or refused to believe that the BOD of a company were a bunch of crooks.
What is different about crypto plays is the lack of utility, the price is largely dependant on sentiment, which is why, for example, I invested in Cornucopias but not GOGOCoin; GOGO is a NOGO I remember saying on a Discord channel, whereas the hype surrounding COPI was almost certain to send it skyrocketing! It did, and I got out quickly, in fact too quickly as it turns out, it is now 13x it's IDO price. This is all stuff I learnt since 2016 when I bought my first Bitcoin, and I apply the same rules now to my shares: don't believe the hype but if there is a lot of hype, buy in early and get out early. If you really believe in the project, buy in and be patient even if that means taking an initial loss (my current position in MTL). Don't be greedy (I got out at a good profit in Tesla but then saw it go to the moon).
I totally agree that investing in crypto is high risk, but nobody would do it if the rewards weren't so high. Also remember that at one point it looked like we would lose all our money in a certain share that we are both invested in! Not to mention, for me and a lot of others, a certain potash mining company in Yorkshire. I'm also massively down in three UK companies making Covid tests because the govt is blocking approval, refusing to pay for goods they've received and insisting on buying billions of pounds worth of Chinese crap.
If you call 749% profit small, I would agree. One of my liquidity pool tokens (UNI-V2 DHP/WETH) is currently paying 138% APY. If every coin and pool go to zero tomorrow, I will still have made a 10x profit on all my crypto. My shares in British companies, I doubt if I've made 30% in 5 years.
Yes, I was in the IDO for COPI through OccamFi, sold the first 25% for 7x so has paid off my initial investment and may let the rest ride. Not sure about the game though. Bunch of farmers in floating domes! Like Lee said, a lot of these projects will fall by the wayside, but who would have thought Pavia land would command such a high price? Still waiting for the bubble to burst, if it does I will just have made less profit, compared with what I am getting from my AIM and LSE stocks though, I don't know why I don't just cash out and buy crypto!
Lee, I hope that bitcoin doesn't go back to 20K as I have rather a lot invested in it! Not just BTC but some of the other "smarter" crypto plays like liquidity pools, IDOs (like IPOs but allowing us, the poor unwashed to invest in promising startups) DAPs (decentralised, i.e. no banks involved, applications) and yield farming. Along with gold (ETFs, miners and some coins), I view crypto as a hedge against the government's dilution of the market cap of the country by endlessly printing fiat, and as a means for us retail investors to avoid the elitist banking system. But I am also sceptical of the so-called visionaries who say gold is going to 2.5K, BTC to 100K and there's going to be a silver squeeze that propels the price to heights never seen before. To mangle Kipling, I treat all those imposters the same, with a salt-mine or two!
Lee, actually they're called Britannias the 1oz coins and you can get them from the Mint direct or various suppliers e.g. bullionbypost dotcom and sharpspixley dotcom. speadymeadie is the expert on this, he posts on the GGP board, worth looking up his posts, though he'll probably recommend holding them offshore somewhere like Switzerland (all above board).
Just posted link to trial in https://forum.pancreaticcancer.org.uk/forum/6-general-chat/
https://cryptomode.com/ifttl-lets-you-long-bitcoin-whenever-peter-schiff-tweets/