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I bought a share once that featured in The Mail did some DD liked the look of it. Went from 10p down to under a penny in 12 months. Took me 9 years to finally sale at a profit of 11p.
Still more mainstream news is good.
Replying to my own post I always assumed a two bagger was twice your original investment it seems it’s merely double the share price you paid, so maybe BP could be a two bagger.
You need to look at new tech that may take off. NFTs being one possible.
Alpha. Reddit Ukinvesting and pennystocks among the clutter and crap and people always just recommending a Vanguard tracker some good DD can be found. Its where I first saw Argo about 3 months ago.
The thread that was set up before was a sheer pump and dump, I did take sometime to look at a few of the tips and most of them were nothing but a cliche website and a fake address in London.
Here is my conservative estimate
We currently have 0.6% of the worlds bitcoin PH
At 900 bitcoins mined a day this gives 5.4 bitcoins.
In a normal 30 day month this is 162 BTC at $55,000 = $8,910,000 = $106,920,000 a year on a margin of 90% = 95.4 million a year. A P/E of 20 = $1.9b market cap or 1.38 billion pounds
Which is a share price of 3.61 sterling. Of course this makes no mention of Zcash and Pluto investments, but shows that if results on 6th April show anywhere near 160 bitcoins and the price is $55k or higher we are under valued.
Argos new green bitcoin made the front page of the local business paper.
https://bdaily.co.uk/
Regarding the options expiring at 8am?
Yes, sure https://mobile.twitter.com/DeribitExchange/status/1375348697563734017
Shows that 5.1 of the 6 billion expired at 8am this morning.
The next largest exchange behind deribit is CME which expires at 4pm.
https://www.bybt.com/options
CME is the next largest exchange
Buying $80k calls are cheap I believe is was about £5 yesterday. People buying those calls are not expecting bitcoin to hit $80k but will look to sell the calls for a quick profit. I would think buying the calls yesterday would already leave you with a nice profit today, but yes it is encouraging that the calls are being bought in the first place.
Yes, April is historically Bitcoins best month of the year. The last 4 years have all seen around a 30% uptick, I believe some of this is due to US tax returns which have been delayed to May this year so may not see the full impact.
The 13% pre market rise is just the difference between where the US closed and where London closed is been like that for a while.
I would love to be proved wrong but Nasdaq isn’t happening for at least 4-6 weeks. People are grasping at straws.
Good afternoon all
First time looking at the price today and pleasantly surprised it’s so flat after the sale off in the USA after we closed.
Nasdaq futures are up and bonds back under 1.7 hopefully see some uptick this afternoon.
2 very good bits of news today.
Short to medium term no rate hikes until at least 2024 in the US.
Long term where Morgan Stanley lead other banks will have to follow creating a more and more competitive landscape where fees are reduced, easier to buy and a lower cost of entry
tldr. Morgan Stanley is the first big US bank to offer its wealth management clients access to bitcoin funds, CNBC has learned. The investment bank, which has $4 trillion in client assets, told its financial advisors in an internal memo that the bank is launching access to three funds that enable ownership of bitcoin. The bank considers it suitable for people with "an aggressive risk tolerance" who have at least $2 million in assets held by the firm.