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I'm happy if the SP takes a pause and consolidates. It's recent 30% a day growth was sadlly, yet obviously, unsustainable so if we have a few days off with just small rises we can build a solid base for platform from which to build the next leg of the journey!
All good. :)
Hut8 is available via Interactive Investor UK (via Canada)
@lolades78 - you mentored gapping up, do you think the sudden price drops we've seen in the past couple of days have been to close the gaps? I suspect it's to trigger stop losses but closing the gap did cross my mind.
Morning all ;) I bought ARB in late Nov after feeling I'd missed the BTC boat. I guess i did, but thankfully there was a backup speedboat available instead! The last 6 years saw me investing in hydrogen stocks, early on I put money on a credit card, was £50k up but didn't sell and ended at £60k down. I remortgaged the house and put more in, confident that things would turn around. Thankfully they did last year and I was vindicated for some pretty cavalier investment moves. That said, 6 years ago friends said diversify to be safe, I said no, I'll be lazer focused and make money so that I can stop working 'for the man'. Anyway, ARB came along once the other investments had done 12× so I've spent 2021 in a state of sleepless shock with no idea when it'll stop! It's also odd that when I tell friends about ARB they do no research and don't invest. Odd behaviour. Anyway, for the rest of us it's the best investment year yet!! Well done all round :)
Sounds very similar to BTBT from last month.
I had a look at the creators website and I'm not really sure what this is telling us - any ideas?
https://iborrowdesk.com/report/ARBKF
This was the accompanying comment:
@Promises154 - "IBorrowDesk Now they’ll get to put those hundred thousand shares back this happens every morning"
Given the MCap of Riot and Mara, BTC soon to break 50k, institutions buying BTC, plus our expiation plans monthly and in Texas. I'm still confident it'll go up for now and have bought at 245p and 11p and a few times in between!
ISA allocation is not possible via Primary Bid - once it's live that will be an option.
@bristoldan, I forgot about the water! A quick Google search highlights that 1/3 of texas faced drought in 2020 so this dream combo could also help with that issue!
"Texas' future climate will feature drier summers and decreasing water supplies for much of the state for the remainder of the 21st century -- likely resulting in the driest conditions the state has endured in the last 1,000 years, according to a team of researchers."
https://www.sciencedaily.com/releases/2020/07/200708121419.htm
Absolutely agreed!
PHE + AFC + ARB = ARB running costs paid for by recycled waste gate fees, free electricity from recyled plastics or tyres and BTC mining with green credentials and an incredible PR story!
Bring it on :)
Hi Flow77 - great thinking, quick goggle shows that the worlds biggest tyre recyling plant is in Texas...maybe that means there are losts of end of life tyres that ARB could use!?
I just saw this on Twitter - it would be incredible PR for Argo, a great differentiator and offers Argo electricity that others would pay for!! Yes, you read that right!
"
@PeterGWall @ArgoBlockchain Re: green energy-For 20MW+ from non-recylable plastic pls see @PowerHouseEG = BTC mining + environment friendly!
"
That sounds amazing and I hope PW follows this up.
Last bitcoin likely to be mined in 2140 -
https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/
@WhiteArrowExpres - I've used HBOS for bed and ISA and they've been great. They 'promise' to limit loss of shares to circa £100 and they even refunded me the difference when they messed up one year. The spread is irrelevant when doing a B&I. I'll be following the above when April comes.
I bought into EUA as their metals help to clean up of the environment so I have briefly thought of converting a late 60/70s classic (eg: porsche 911 SWB with no engine) to electric. That would make it more reliable, quick and future proof!
By compound interst I mean reinvesting all profits!
On topic - maybe try taking out the Lotus Evora 400, it's a nice bit of kit!
I'll take both for a test drive and then settle for compound interest and quiting the day job!
@Kiwi_ I currently pay higher income tax so any CGT is at 20%. If I quite my job I'd be on basic rate and I think I could take out up to £50k pa and pay only 10%.
I've not really thought it through to the end but it could make sense if I wanted to take a year out or early retirement and only then start cashing out the non-ISA ARB.
"If you are taxed at the basic rate of tax on your total taxable income, you pay CGT at 10% (or 18% if the asset disposed of is a residential property) on any capital gains falling within the basic rate band.
If you have income taxable at the higher rate of 40% and/or the additional rate of 45% your capital gains are taxed at 20% (or 28% if the asset disposed of is a residential property).
So if your total taxable income and gains after all allowable deductions – including losses, personal allowances and the CGT annual exemption – are less than the upper limit of the basic rate income tax band (£37,500 for 2020/21), the rate of CGT is 10% or 18%. For gains (and any parts of gains) above that limit the rate is 20% or 28%."
https://www.litrg.org.uk/tax-guides/savers-property-owners-and-other-tax-issues/capital-gains-tax#:~:text=If%20you%20are%20taxed%20at,within%20the%20basic%20rate%20band
@shooter11 - One approach might be to get HL to transfer your Halifax ISA over to them. The result would be 1 ISA and if your two payments into the pot are under 20k it might all go through without a hitch...
I've had/have issues from shares being too performant. I've maxed out my ISA but had my early ARB investments outside my ISA. This has meant selling ISA stocks to buy ARB in my ISA with the intention of swithching the non-ISA ARB with the stock sold in the ISA. The plan, which I've tried twice, has only half worked!
The result now is that I've not sold any ARB, hold way more than expected and daily I have a growing CGT problem, now standing at over £200k! A nice problem to have!? I thought I might even quit my job to only pay 10% on the first X...haha.
The plan was changed based on the logic that if I don't sell the non-ISA shares the rise will pay for the CGT bill if I did sell it now!!
CGT changes proposed in the next budget might get to sell sooner...
Is a complicated business when a share just won't stop rising! :)
GLA.
5% of global supply, is what they've said. I'm not sure what that means in real terms.