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Good board today - looks like some normal debate has resumed and at least BTC is having a more settled day (at the moment). SP wise - one of the most conventional days we have had this year in a tight range so hopefully some shares changing hands for longer term holders.
As with most - I am more interested in the margin tomorrow and any other news on more commissioning of machines than the physical number of BTC, that's a symptom of hash rate, days and transactions - anything over 100 would be quite an achievement in February I would think.
Hodl for Godl (sorry CC - cant stop smiling at that)
Letsberich. I have been looking at this for a different reason, I am with EQi and looking at HL. They can transfer your ISA so you don’t sell and rebuy I believe they just move it. I haven’t checked fully but I think that is what happens. But I think it takes 2 to 3 weeks so you obviously cannot trade in that time on your ISA. Still looking in to it.
Aaargh! Volume on Friday was 181m (that was value) - so a lot of in and out but basically most churned through?
Sorry - found it - 40.67m on Friday according to LSE - so about 170m changed hands now out of 240m.
My understanding is that c.50% of the 500m shares are locked in for at least six months. Today, looking at LSE there was volume of 127m - that is half of what is available to trade. I don't know the volume from Friday (missed it).
Yes; People can come in and out but the volume is massive - surely the majority of holders are now in the 13p+ category unless I have my numbers totally out?
Feels like they are slowly pushing it up to loosen some shares for the US when we close. If the US carries on buying we will be in for a good day tomorrow and then results Wednesday AM.
As CC says HODL for GODL (what a catch phrase!)
I also pay six figure tax on personal earnings every year so not going to justify a hobby with 20k in an ISA that is perfectly legit.
This is a civil board and people have been helpful in all ways whether it be Argo, CBX, broker options, tax or whatever.
Let’s keep it that way.
This is all very complicated. This year I have put a total of £10k in my share dealing account. Whilst ‘learning’ I managed to turn my 10k to 7.5k. At that point I opened an ISA and transferred all the funds in to the ISA. No more complications. Topped up my ISA to 16k in December and Argo has done the rest since then.
Wherever possible I would use an ISA as it all gets rather complicated.
Really - BTC has been run down and we have held - US is holding so far and could go higher post UK close and if BTC goes on a run post month end it will be building from this platform.
Opened at 2.11 due to BTC - excellent RNS and at 2.50 .....
Possibly our expectations are getting ahead of us on a daily basis.
Sorry couldnt resist - after all out talk on the Argo board its only fair I return the favour.
Not got my shares in my account yet, will look Monday before I start calling my broker.
Shamelessly looking at the other primary bid IPO for next Friday around renewable energy, but as an investment vehicle it is slightly different (see what I did there :-) )
I genuinely mean this. We cannot control what has happened with BTC. If the rumours about FPools are correct it will sort itself out and we are informed for next week.
The three RNS this week in respect of Epic, OTCQX and the machines are fantastic and we already know we have good news coming Wednesday (which I dont think the market / everyone who doesnt have more detail understands how good they will be).
If BTC pushes back towards top of 50 - 55 range next week then we will be in a great place come next Friday.
Noone ever said investing in crypto was easy!
Totally agree - just fill up the MMs inventory ready for US open - the sooner more pass over the pond the better.
MMs are the best traders in the business (not a criticism - it is their job) and they must be loving this behaviour.
I sold at a loss on others to come in here as I see the potential. £750 @ 39% about 2k in and now worth £1250 - we are all different and so it depends on your own circumstances.
Could Argo double before you other stock recovers?
Argo - the behaviour of the SP could be anything between a few weeks and a year as things stand as BTC volatile and a lot of shaking as stock is moving between listings.
Your other stock - no idea - only you can make that judgement (or others informed on the stock you trust).
DYOR - ARB is 90% of my portfolio now - just because I bought more today at £2.50 as I think the US may push us on a bit the next few days despite our selling, they will take them and then there is the NASDAQ potential around the corner - that is why I am at the moment and confident but prepared to lose it if it all goes south as any share can.
Agree with you all (RC,LA,CC) - mid December over 300million shares in UK hands at much lower price - this creates a double effect with the dual listing and quick rise.
People take profit (dont knock em - we all do it at the right point so I dont judge) and it has risen massively, this causes swings which traders play in to and can make the swings more pronounced. We need to settle with people comfortable paying £2+ and holding for £3/£4+ and the volumes need to continue to do that.
There are a lot of US shareholders at $4+ after the earlier race to $4.64 and yesterday so they will be stickier.
This just needs to equalise and may take some time to wash out the UK profit takers - just a result of a new dual listing (only two months old!) and massive rise.
FWIW - I think we could see a rise in the US again today (and tomorrow) as some institutions start to buy in more, we only uplisted yesterday and about 8m shares traded - less than $32m in value - so small beer for a lot of institutions in US.
We are all in it together and I have emptied a bit more in at £2.50 today as I think there will be a wake up call next week on the SP, especially when we see the results on Wednesday.