Member Info for Tiggs352

That’s all well and good cashing out at 100% profit when you’re literally talking pennies to buy in the first instance. Hopefully anyone who purchased at the higher end last year (myself included) will get the opportunity to see the same return at some point. This changed from a genuine investment opportunity in my eyes to a gamble a bit too quickly but I committed to a 3-5 yr investment from the get-go so with any luck it’ll come good at some point but I wouldn’t even waste my time/money averaging down to be honest. GLA - we’ll need it, it seems.

Rita sealed the deal for me too unfortunately. (Also 90% down). Bit crazy. Maybe HL had a point bombarding me with klaxon-embedded emails after all.

Hopefully we’re in for a better week next week.

It is honestly tough going at the minute, even for myself who is in it for the long haul. It has gone from feeling like a no-brainer investment (even at the very early stage it was at) to a total gamble (which every investment has a touch of, in reality but hopefully my point comes across). I really don’t like that JR is such a loose cannon on Twitter and mixes plugging the business with feuds with a journalist. I appreciate his scrappiness as that will in part drive Mode’s success but would equally appreciate him keeping a lid on it for a while too so we can catch a break.

What the hell is going on here?

We’ll I wouldn’t write them off completely; you are forgetting that there are lots of bricks and mortar businesses that would benefit from lower payment processing fees. Anything you can pay for with your card is a potential Avenue for Mode, not just shopping in the sense of disposable income as opposed to essentials.

Honestly I don’t even think it’s good form to make the ‘pick up a bargain’ argument for this.
I’m sure anyone who has been in this for the long haul will agree that although the SP action wasn’t ideal, everything was being done right and we could see it would come good in the long term.
This has put a serious dent in that logic I feel.
I will still hold for the planned 3-5 years but Rita continuing to being involved in this would be my personal litmus test.

I don’t think we’ll recover from this for a long time unfortunately - we’ll be lucky if other brands don’t withdraw.
This is not good.

It made the independent too: https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-cashback-ocado-homebase-mode-b1960166.html
I find it exceptionally hard to believe that the information is incorrect; I would have expected the brands using Ingenuity to be on-boarded at some point - hopefully this is something that can be quashed before there is too much damage done.

Completely missed the email triggered by RNS this morning so only seeing now - WHAT??!!

This is just fantastic news and what the LTH’s knew would come, eventually. What a week!!

Goolang it’s probably a bit easy to forget that most people don’t have a few k rolling around to take advantage of drops in BTC value - I also don’t think the staff in McD’s can be like “hey, my bitcointicker alarm has just gone off I need to go buy the dip guys, back in a mo”.

I think it’s great, it’s just another option for people and hey, if it helps grow the Mode user base and is adding another element to their offering then what’s the issue? I actually think there’s more going on here than anyone has really picked up on; looking forward to offering credit services in the future - who’s to say that this couldn’t be one aspect of credit scoring? Regular savings deposit; BTC balance used as security? Who knows. I’ll definitely be following with interest anyway.

I wouldn’t necessarily agree with this; setting up an account with an exchange is fairly cumbersome - I have to say that the KYC process with mode is quick and simple - quick verification when providing additional evidence for buying Bitcoin also.

Definitely. Very pleasantly surprised, huge foundation to lay long term - are Mode pioneering this or is there anyone else exploring this type of service?

I was thinking that was where the guy was from but didn’t have time to dig about.
Ah well, it’s provided a bit of stability - for today at least.
Hopefully it will carry through to the weekend.

Glad to see that something has been released today, who knows whether it will be enough to quell the haemorrhaging that we’ve seen lately.
A good sign that a mid-high priced brand is showing confidence in Mode but we really need one that is instantly recognisable for a majority of shoppers.

It’s not that people aren’t in favour of Mode, and it is redundant that the Bitcoin jar has been cancelled.
There is a bigger picture here.
Mode really are still in the Development stage, they IPO’d pretty transparently as such which is why I never understood why they have had their feet held to the fire so often regarding the SP.
They are on a budget to reach profitability and it would make zero sense to sink funds into advertising a service still in its infancy.

Draft, I find it very hard to believe that you don’t understand what the company is about by now. You have been here a long time? A Binance comparison at this point certainly raises an eyebrow.

NewDawn - Newboy is right.
The Bitcoin jar was never supposed to be the main draw here.
So you either did not take the time to look at the bigger picture of what you were investing in or had a blind spot and couldn’t see past the Bitcoin jar as it is so relevant to you.
Either way it is unfortunate that your experience as a customer will be a bit tainted in this respect, but it would be helpful if you started looking at everything that was said about Mode and the business model in an objective way and decided on whether to stay invested from there.
Wishing you the best of luck with everything.

Yes Moodyrich, I’m certain everyone here knows they didn’t invest in a merch store. Keep your hair on :-) Hopefully we can tread water a while longer until the dual listing; it would be unfortunate if that had little impact on the sp. 93 mil shares (with x amount off the table for trading by JR and others) isn’t much to play with.

I dunno, although understandable at this stage it’s a bit cheeky having mode merch only lol BUT 25% cash back in btc (esp at these prices!) is a pretty chunky reward. If I needed a £25 bucket hat I know where I’d buy it ;-p