Highveld thanks for your wisdom - probably worth you researching ARB a little more paying particular attention to the ePIC deal.
ATB
good luck on the beach DSFLAT - if you do find a package make sure you hodl for the ARB £5 party ;)
NE London Herdie?
Interestingly he states that Iran is mining 4.5% of global BTC as a way to get around sanctions.
It may mean there is a compelling reason for the US Govt to incentivize N American miners and make their lives easier.
Just a thought.
London to St Leonards, 75 miles, 1 hr 47 mins.
drlong you do make me laugh.
I can see you there, staring at your screen, watching every price movement and willing BTC down.
Yet as I understand it you are not invested long or short.
What does that tell you? Maybe that you need to find something to believe in?
ATB
RC
@Bonker indeed - we have debated P/E a few times.
IMO if we start to be grouped in with Tesla, Microstrategy et al our PE can easily be in the FAANG territory of c. 30.
We know a lot of young tech companies are way above this - e.g. zoom 143, tesla 600 currently (I know) - so 30 really not crazy at all
Agreed - the green issue was the big one stopping further institutional investment. Even if they knew the truth themselves they couldn't take the risk. Now this moves things on.
People learning now that since 1971 fiat has been in essence a Ponzi and also how blockchain can be a force for good in financial transparency - no wonder HSBC aren't keen!
Hex exactly. When I read the 2020 financials all I could think was roll on 12 months.
ATB
RC
It is actually a Musk masterplay really isn;t it
1. Buy secretly
2. Announce buy publicly - price rises, Tesla balance sheet benefits at critical earnings time
3. Announce Tesla will not accept BTC as payment - has zero effect on sales but importantly protects Tesla carbon credits
4. Price drops - perhaps buys more personally
5. Seen to be the man able to clean up BTC mining - bravo Elon!
6. Ok to buy more now via Tesla - still below the price prior to his original tweet
LOL Danjer ;)
bonker can you skip to the last chapter and tell us how in ends pls?
all week Dr
First time I have felt that in a while ;)
dr hello
I would disagree for 2 reasons:
1. you are no doubt aware the drop to $30k coincided with a huge amount of BTC moving out of cold storage and onto exchanges. It was sold high and then bought back at half price. It has subsequently been moved back off the exchanges and into cold storage (that is part of the beauty of BTC it is transparent in may ways other assets are not).
2. part of the reason for the huge drop was the $38k level being broken and this took out a load of highly leveraged players. These guys are not in place now and as such that level is of less importance.
That said, there is a chance we will get something similar again if the Whales want to do it - it had all the hallmarks of an orchestrated drop and if they decide to do it there is very little us PIs can do about it except ride it out and go long.
If I am wrong and it drops to $30k again on Wednesday I will donate £50 to a charity of your choice. Up to you if you will do the same should it not.
oh and sorry again for confusion, my bad as they say ;)
Hexam hi
I actually think we'll have a couple of hundred million of value on the books by end of year - the more I read about this crash the more people suggesting this is exactly as happened in prior bull runs and as such we should expect $100k+ BTC by year end.
If we hodl c. 2-2.5k BTC, our Pluto stake and whatever else PW produces between now and year end a £1bn+ mcap would not be unreasonable at all IMHO and then real value in Q1 2022. Just depends on sentiment returning - I do feel the drop from 300p to where we are today will have put some people off. We need the bigger investor pool that Nasdaq would give us.
Well at least it makes sense grammatically.
Now please provide reasoning as to why Wednesday? What can you see in terms of the charts? Or any other evidence / supporting material? Or anything at all other than gut feel?
We are open to reasoned thinking just not random numbers plucked from nowhere.
Hexam sorry I started all of this with a typo. I meant to say c. $100m liquidity and a current mcap of $470m. ie super low PE but somehow typed $1bn. Not sure how but think there was another thread with $1bn being mentioned and I am often jumping between my real job and this board when answering emails etc!
good spot
RC
It gets very interesting when players from the traditional companies go to work in the crypto space. It is very different to having a punt of a few thousand pounds whilst working somewhere safe. This is a much bigger risk in terms of reputation and could damage them if it went wrong, so for me this is significant.
The smart ones know what they're doing and move there. I saw that with talent going to the early internet companies, then FB and Google, and more latterly Amazon - they all snapped up top people from the likes of ITV, The Times, the big ad agencies etc.
I suspect we will see more of this and it will only signal that crypto is here to stay.