Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’m sure no one genuinely invested here is happy with the current bitcoin price, but try to remember the reduced global hash rates are leaving miners with similar profitability to when Bitcoin was at $65,000.
So the only true impact on financials are the coins we chose to HODL rather than sell, and if as a investor you don’t see bitcoin higher in the future than it is today then Arb probably isn’t the right company to be invested in.
Or for any who don’t know what happened early this morning to the price of bitcoin or thinks the temporary drop was due to rumours of pending US changes the link below gives a good explanation of what actually happened.
https://twitter.com/woonomic/status/1383841368829677568?s=10
The problem with some brokers MrDribbles is you can’t access all markets.
So with HargreavesLandsdown for example you can buy Canadian miners of lithium and buy Argo mining BTC, while on Halifax its much more restricted to U.K. and limited foreign listings. You also can’t buy on the aquis exchange through Halifax so need a separate broker.
The lesson I’ve learnt is only pay into one account per tax year
Thanks for London and Wombat, so do you think I could move all my now £32k from the Halifax into HL and it still qualify as being under £20k as that was the initial total investment?
I’m beyond the 30day threshold and also don’t want to close the second account as I would be unable to rebuy my KR1 with Halifax
Sorry if these seem stupid questions but I’ve inadvertently made a right balls up of this rushing at the time
That was my first thought Enrico as I know you could have a cash ISA and a shares dealing ISA and the £20k limit would be acceptable if split. So thought what I had done would also be acceptable.
But then after it was all set up and invested I discovered the following on the money advice service website, which has caused a concern now for any profits I make as I think I’ve inadvertently left myself exposed while thinking I was doing the right thing
“You can pay your whole allowance of £20,000 into a Stocks and shares ISA, a Cash ISA, or a combination of these. You could also put money into a lifetime ISA or an innovative finance ISA as well. You couldn’t put money into the same type of ISA in the same tax year, for example two Stocks and shares ISAs – you’d need to wait until the next tax year to put money into the second Stocks and shares ISA.”
I’ve just realised I’ve made an error with my ISA and wondering if anyone knows how to deal with it while the CGT is on the discussion.
I have a Halifax ISA where I hold ARB investing £16000 which has
Now doubled in value, I’ve also got a Halifax normal share dealing account with £6000 invested in ARB which is in similar profit,
Where I have the issue is I opened a second ISA this year with HL Depositing £4000 which is invested in KR1 currently worth approx £7000 (I couldn’t buy Kr1 through Halifax which is why I opened the second account)
When I opened the second ISA I had thought this was fine as long as your total deposits didn’t exceed £20k, I’ve since found out that while you can hold multiple share ISAs with different providers you can only pay into one in a single tax year.
I’m hoping both arb and kr1 continue to rise between now and April and am concerned of the consequences now.
Does anyone know how this would work or the best way to handle it.
One thing I wondered was if selling out on 5th April and debuting on 6th April would help reduce the tax exposure etc on future increases beyond April or if there is a better way to do things?
Thanks in advance for any advice
Apologies if anyone has already posted the info below, I’m struggling to keep up with the posts these days along with the day job
https://cointelegraph.com/news/grayscale-may-jumpstart-the-next-phase-of-the-bitcoin-bull-run-tomorrow
I know some have already covered this off but for anyone struggling on how to buy don’t even bother with Halifax as they don’t deal with it even over the phone. I followed the link off the KR1 site to HL and set up a new ISA (remember you can split your allowance across multiple accounts just don’t exceed the total allowance for the tax year). For a UK based buyer it was easy and after the online submission it took around 4hours to go live. I then had to buy over the phone which took around 10 minutes as it was a busy time of day. Hope that helps someone else get in quicker than I did after having to go around the houses
I’m new to ARB having been directed here by a friend, so I bought in this morning at 40p
I see massive growth still ahead for Bitcoin which I hold as a long term investment.
Just wondering what those of you here experienced with ARB have as a future target price?
Thanks again. I had a glimpse if the hydrogen potential a couple of years ago on a visit to ITM in Sheffield and could see it was the future fuel for the motor industry, unfortunately I misjudged the timing think the rise wouldn't be for another 5years or so. Huge lesson learnt while losing money on short term oil investments the hydrogen projects took off.
I appreciate the info you've posted and will continue balancing with my own research before my funds become available to invest in September, hopefully I wont miss the boat again
Totally share your view, I’ve been in this all the way since 2016 and sold on a huge loss at 5p at the start of lockdown, as my employer closed and I didn’t know if I qualified for furlough. Absolutely gutted to have missed buying back in before the rise but I need my wages to fire back up.
Good luck to all the LTH who’ve had the ups and downs