We would love to hear your thoughts about our site and services, please take our survey here.
Brillant news, about bl**dy time!
My guess is that article is based on the comments of the Guggenheim CEO suggesting BTC will fall back to 20k. This is because he wanted to invest at 10k and submitted a request to the SEC, it then went up to 20k and, as the SEC had not granted permission for his fund to invest, he said it would fall back to 10k. Now, the SEC has still not granted license to invest in BTC, and when they do, he rather the price was at 20k, nothing materially to do with BTC or Stock to Flow.
For more, see here - https://youtu.be/Fr2XfdU4tok
Phew, thanks Athansius, that's put my mind at ease!
Argo was making lots of money when they listed on on the OTC, they also had a track record and strong SP growth in the UK, at the time.
Does NFT Inv. actually own any NFTs or anything?
I'm not running this down, I'd like to get involved but am not sure if this was created to ride the wave or has real depth of knowledge, like KR1 or Pluto.
BTC is not meant to be a currency. It's a store of value, like gold. It's slow and energy hungy to be secure and to add material cost. It's meant protect against inflation and its doing a good job a that.
Anyway, who know which way it'll go. The point being it's a secure computing network and not just a Crypto Currency.
The deeper topic is, who decides what is a waste of energy? Crypto mining, Racing in the desert or ice cream!?
I would really be interested in debating this topic but I think that might frustrate many in the board. That said...
Bitcoin is the name of the 'token' / reward but is also the name of the world largest and securest computer network. This network forms the backbone of a decentralised global financial system and allow millions of people without access to the regular banking system to access crypto banking, investments, savings, and in the future a bank account, mortgages etc. The mainstream use of Bitcoin will reduce global banking datacentres as much of that work will be carried out on crypto networks / blockchsins.
Anyway, this is likely to be the future and the 'wasteful' mathematical calculations are the vitally important security for that global system.
I agree in principle that it appears to be a redundant user of resources but when looking at what the Bitcoin computing network and blockchain offers to the world in terms of a decentralised inflation hedged financial system, that gives financial control back to the people, it's actually a very worthwhile use of power. Furthermore, they 'only' mine were power is cheapest (low / periodic / seasonal demand / renewable), otherwise they would not survive the best market. (Note. China is changing and renewables are increasing.) Interstingly Bitcoin does act like a battery, in terms of turning power that would otherwise be wasted in eg. Iceland, into monetary energy that can be sent anywhere in the world without building impossible underwater cables etc. Many other examples available...
This raises the more fundamental question, who should decide how power is used other than market forces? This alone should highlight that is not being wasted, ie. miners would not exist without a market.
So who decides what is a wasteful use of power? Is it any consumer product I don't use or is it highstreet fashion, consumer choice, building islands in the sea, cities in the desert, global tourism...it's market forces, rightly or wrongly.
The surprise is that Bitcoin as a financial platform is a lot more altruistic that it might first seem, it's engineered to work on the cheapest energy supplies so as not to deprive others and understanding that it's more than just a hyped up crypto currency might encourage others to look beyond headlines.
Anyway, I'm loving AFCs outlook for the year and excitedly await the announcement of multiple orders...it can't be long now, can it!?
@Gultekin - you do know your consent history is available for all to read!? You're a terrible a bulls**ter, at least make your lies consistent!
This is you from Jan -
06 Jan 2021 10:28
"Omg, only discovered this last week and just bought £1k when it was 36p"
But you also said -
10 Apr 2021 16:40
"Bought it last year at 16p then 14p and 11p, managed to averaged around 13 and sold at 39. Thank God I sold on time, waiting long time was worth it."
Sorry to detract from AFC but this topic is perfect to drive disinformation.
There are two sides to every story.
Yes BTC consume lots of power, but why is that a problem, is there a finite supply, no. Is BTC mining mainly powered by renewables? (yes - it's cheaper, even China is shutting coal powered miners) Do they get power from surplus sources (yes - its cheaper and they even use gas flaring, capitalising on waste). Do they go to the end of the earth to get cheap power (yes - often literally!) Do they deprive anyone of power? (Unlikely, its cheap for a reason eg. In 2020 the USA produced excess power and Germany frequently pays Switzerland to take their power when renewables spike and consumption is low). Is lighting empty office blocks or producing plastic tat in China a better use of global energy!?
These articles tend to be miopic on a subject that's much big that Bitcoin, the asset, and more about the future of global finance and how we should maybe rethink what is an acceptable use of power.
Here's something from the web:
https://tomerstrolight.medium.com/why-bitcoins-energy-use-is-not-environmentally-harmful-6fbba54911ed
@BristolDan, thanks for the message and don't beat yourself up, my ISA timing was equally unfortunate! Other than miners, I'm still in AFC, PHE, EUA and have been topping up recently. It's nice to have a few companies in different sectors that you can trust to help shift profits (ideally!) back and forth as things ebb and flow. I don't profess to be a smart investor and often trades don't work out as planned but trading, rather than holding, is something in not used to so this year I'm open to learning from mistakes... hopefully ones that are not too costly! Good luck and thanks for saying hello :)
At times like these some perspective is required. I was in hydrogen stocks for 6 years and btmfd for about 2 years whilst sitting on 70% losses. I remortgaged the house and bought on a credit card. My purchases in the darkest hours were to be the most profitable. I kept the faith and from 6 years of opening an ISA it had over 6 figures in it...and then I put 100% of that profit into BTC miners. Patience will pay off again.
As PW said, this should be measured in Quarters and Years (not Days and Weeks).
For me, I expect this to be up 10%+ by the end of the month. Yea, that's a rubbish expectation but many people would think that's amazing for 1 years growth! To be honest, I hope for 50%+ by the end of the month. That said, this is share investing not altcoin gambling! Its meant to be about company growth not daily SP movements and that takes time.
What I have learnt is that family and friend are more important than the SP and if your not happy, money won't change a thing.
Chill, its all going to workout in the end.
13-Apr-21 11:14:16 225.00 81,059 Buy* 215.00 220.00 182.38k
It's very odd SP behaviour and I can only hope it's MM playing games to free up shares before the US opens.
Time will tell.
FYI - ii allow KR1 in a SIPP
I agree %100 with @alphaomega, the flat SP is a reflection of Timis selling. I also think it's important that people understand why BTC is going up so as to take a longer term and marco view - personally I'm doubtful there will be a significant dip in BTC price at end of bullrun, maybe 20-30% tops, and in reality with a longer term view the bull run may never really end.
This interview is well worth a listen -
https://youtu.be/aO4RMRr6fko
Greg Foss talks about the growing treasury yields, what this means for the markets, inflation and what a debt spiral means for fiat currencies and bitcoin.
@keeponlosing - you need to do a Bed & ISA, you'll reduce the risk 'completely'.
What are you trying to say? When I saw the drop I thought great, a better price to buy.
I wasn't sure what the series would be like but so far, wow, it's intense and it's only the qualifying! Impressed, though it's a shame from Q1 there nothing about the how the power is generated, other then a 'hydrogen fuel cell' and there's not been any real explanation about why / how the desert is impacted by environment issues. I how to see more of that, but the racing needs nothing more!
I agree with Mervv on this one, I think the rise is Biden stimulus related and AFC has risen me than others due to a specific focus on charging to support the electric car push.
Re: Point 1 - Thanks for clarifying and apologies if my statement was a bit loose as I did know they were option for materials still in the ground rather than a warehouses stacked with of platinum ready to be sold!
Point 2 - the UBS deal is still in the pipeline, correct?
1. EUA just added 75% of 104Moz of platinum plus other metals (street value of $1B+) for a cost of $500k
2. The sale (company / part there of) is still on with UBS?
Based on point 1 alone that should send the SP through the roof, or am I missing something?
The future options target price for April with the most support is not $50k, $60k or even $70k....it's $80k! Yes folks, we are forecast a sizeable uptick this month. Hold on to your hats!!