Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I see you beat me to it Eviking :)
And to report this 170 million buy properly:
https://www.reuters.com/article/square-results/payments-firm-square-buys-170-mln-worth-of-bitcoins-idUSL4N2KT439
lol @Bully It's funny because it is true!
@FSB If you are unsure then wait for the trend to form. Not on a 5 or 15 minute chart but on a daily. If you can't read a chart then simply DCA. Oh, and feel free to completely ignore all advice from people like me in a chatroom!
@Yolo. an $18 million fine is sweet FA to the Tether Cartel. This is a much better outcome than many expected.
I never understand the need for posting on a share that you are, I assume, not in on.
It's a great update. Need trading volumes to increase dramatically for a significant move. Fingers crossed this share starts to get the re-rate that it deserves.
241, 235, 225. All small. Can we just count the last one for the competition?! ;-)
Not a comment on you btw DSF.. I just can't stand MMCrypto and see no value in him, but to each there own of course.
I see no 'proof' here only speculation
MMCrypto is a cocaine fueled click bate d*ck. He makes money by shilling leveraged trading sites and then getting kick backs from these sites from the money that new traders lose as they have no understanding of leverage.
I'd rather take the opinion of my 5 year old daughter.
The BTC market went up. The company that you own improved its balance sheet.
The stock price did not go up. This was and is a chance to improve your holding in the company at a relatively cheaper price.
If you are not happy then go and take a long look in the mirror. Take a deep breadth. Consider the facts. Look at the trend. Listen to the voice in your head and quieten the voice of your heart.
It is simple logic. Today was a good day.
With admittedly a much smaller size than I had before - can't risk that house or the Mrs would kill me!
So, why back in?
We know we are 3-4 times undervalued against peers on NASDAQ.
We know we meet all criteria for acceptance on NASDAQ and that PW wants this to happen.
M Saylor's most recent raise for BTC started out at $600 million. Went to $900 million and then reached $1.05 billion. He is going to deploy $1.05 billion into the market in the coming days.
This is the same Michael Saylor that just held a conference with 1500 ish CEOs, in which he shared his playbook for bringing BTC into a corporate treasury.
This is Michael Saylor front running the money that he knows is coming into the market as a result of that conference imo.
The future is very bright here.
Happy to be back in (even with a smaller holding!)
Not quite broken yet...Once it does then a return to 6p would be the natural target, but it needs to break cleanly and preferably test the old resistance as support. If not then it is back to 3p and the chance for a top up again.
lol, a LOT less noughts unfortunately!
So for me and Argo, I got interested in BTC around February of 2020. I went down the rabbit hole and spent 6 months absorbing all of the information that I could about it. Literally every day, watching vids and reading all that I could. It took me about 4 months to have the 'gotchya' moment and the penny finally dropped.
I realized that the reason that house prices and stocks were going up so much in price wasn't actually because they were going up in price but because the counter party that they were being compared to - the USD - was going down. And that BTC was a way of negating this.
This lead me to consider what value an ability to protect your ability to buy things against this denominator? Well to someone with 10k, quite a lot. What about to someone with 100k, 1 million, or 1 billion? Well, quite a lot more!
Once I understood this macro environment I looked for ways of leveraging this knowledge. If, for example, there was a way of making gains on BTC without paying taxes then surely once BTC started moving then people would look to take advantage of that right? And this lead me to BTC miners, which lead me to the only UK BTC miner that also happened to be undervalued in comparison to its peers.
Which is a long way of saying that this is the best research that I've ever done and I'd think a good template for the future:
1. Find an area that interests you.
2. Learn about the macro and where this area fits into it.
3. Look for companies in that area and identify those that are potentially under valued.
I hope that this is useful - it does take a lot of time!
I'm genuinely touched by the kind words all. I hope that this continues to rise into multiples when it hits the NASDAQ.
Have a great day o/
Ok, so I got out today with an average price of £2.83.
Why did I do this?
Well it's not because I don't believe in the company or that I think the price can't go higher. I think the company is fantastic, I love PW's communication and I think we are undervalued in comparison to our peers on the NASDAQ.
I was first in at 7p and then was laddering in and out on the way up. I got to the point where I can secure a new house for my family near a quality school for my daughter with the profits and I couldn't risk that outcome passing me buy.
I've kept 1 share in order to watch the price and will look to get back in if the opportunity arises. I don't think that it will. This is a great company in a massively growing industry that is about to hit the NASDAQ. It's just that the real life risk got too high for me at this point. When life improving money is on the table then one has to solidify the gains.
I genuinely wish everyone who is still in nothing but success and I'll be keeping a very close eye on this board and the share.
Peace and prosperity to all.
If your broker is letting you buy these for 187 then bite their hand off.
If your broker is offering to sell these for 187 then tell them to F*ck off.
This is all.
I draw your attention to the last phrase of the RNS SF:
"The Board of Argo, the leading cryptocurrency miner based in the UK (LSE: ARB), notes the recent rise in the Company's share price and sees no fundamental reason for the move, nor is it aware of any material developments beyond those previously notified to the market" Beyond those previously notified to the market. ie. the reasons for the rise have previously been provided in our opinion. No suggestion at all that the fundamentals do not support the price.
I'll also draw your attention to the tweet from Argo that covered the RNS:
"The RNS below was released on the advice of our broker, due to back-to-back days w large SP increases.
It was drafted prior to BTC breaking 50k and was a cautious thing to do to stay onside with the regulator.
We're working hard to deliver for all shareholders. "
Now for me, given all of the talk of NASDAQ, the last phrase is directed at the fact that the company is primed to apply as soon as they are able... so in a few days.
This company is still significantly less than 50% of the market cap value of its peers on the Nasdaq and is arguably in a better position than them. I'm still here and still see value here.
Agreed. Fingers crossed this is the start of something.
I agree RC.
I was on the BBC the other day reading through the comments on a terrible BTC article. It was such a relief to see that the vast majority of the posts were dribbling out the old narrative of 'funny money' used to for crime and drugs. It just reminded me of the fact that we are still early on in this journey, which as an investor was music to my ears.
In case you hadn't noticed DrLong, the world is in a bubble. This is what happens when 25% of the worlds money is created in one year - at least for those lucky enough to be in a position to purchase assets. I'll stick with my money on the fastest horse in the race. But thanks for your concern...