Member Info for u01gjot

Good shout Mathsman. I had no idea this existed.

Well then you don't understand Bitcoin and how it's mined then. It was mined by Geeks in bedrooms to begin with but as the ecosystem matures and progressively less Bitcoin becomes available to mine, the hash rate needed to produce BTC increases. Real time and energy are needed to produce a deflationary supply of currency which increases value in FIAT terms. The longer BTC survives the stronger it becomes. Bitcoin Gold was a fork that prevented ASICS being used to dominate the mining space but that hasn't really taken off (but it still could) and BTC remains the undisputed Crypto King. If you are alluding to quantum computing and how that might hack BTC then again, I'd suggest misplaced concern as we'd have bigger fish to fry by that point and it's all very hypothetical. Similar to the argument that if we have no electrical power then we have no BTC, i.e. end of days type scenario. I think something like 97% of FIAT does not exist in physical form. I could go on but you get the point. Personally I think there is plenty room for Precious Metals and Crypto in a 21st century portfolio hedged against insane FIAT proliferation.
Oh, and ROI on BTC is almost 8500% since inception a little over 10yrs ago. More to come? We've barely begun.

"Still a better bet than Bitcoins".....the fact you use the plural suggests your understanding is severely limited. Bitcoin ROI in just over 10yrs is 8440%. Yes, let that sink in, well over 8000%. Gold in that period? 88%. 2011 was the last high but it's been bubbling since last year. I also like precious metals but do not denigrate something you don't understand. A well balanced anti-FIAT portfolio has plenty room for both, but in my view BTC (and some other Crypto's) probably have a much bigger part to play in the 21st century than Gold. Even the Hedge Funds are getting in on the act.
Incidentally Gold could easily hit $4500 in the not too distant future but that's predicated on the blatant price manipulation by Banksters ceasing. If the waves of FIAT that have been created this year alone enters the real economy in a meaningful way there are only so many Assets that can absorb that in a realistic manner. Throw in negative interests rates (global debt is totally unsustainable), Bank Bail-in's etc and there will be a frantic scramble out of FIAT. The sensible people are positioning for that now without attracting too much attention.

The whole banking sector is now defunct. Why use expensive middle men when you have Bitcoin and DeFi? IBAN, FOREX, the Walkman, VHS, analogue? Let's banish that cack to the 20th century and move towards a more technologically advanced future where central banks can't issue their constantly devalued tokens to oblivion. The banking system is a stinking cesspit of corruption and anyone that has more than 3 brain cells between their ears knows it. MOVE ON. What's left of the Sheeple will eventually catch up.

I think we're seeing support at £1.50. Telecom companies are an essential part of the future. BT has a dominant foothold in the UK and provided they don't have any more accounting scandals (priced in long ago) and stick to what they do best I can see this ticking up nicely over the coming months and this single digit P/E will soon become a distant memory. 5G is the wildcard for me but there are too many variables to determine how that plays out. What we have works and BT play a crucial role in delivering and maintaining those systems.
Further, the buys outweigh the sells by £MM's every evening I look which infers widespread optimism from these levels.

Surely a no-deal has been largely priced in to these UK stock price values. The needle is still at 'extreme fear' so probably a good time to make some value buys. A solid company like LGEN is a prime example. Just wait until negative interest rates permeate further into the global economy. In my view this is the new monetary policy where the desire to hold cash is massively discouraged. It's probably the only way to make people and institutions spend money because all we've heard for the last 5yrs is big recession / depression coming with an almighty bang making people sit on the sidelines often sitting on huge cash stockpiles. If you're guaranteed to lose money on those cash reserves you might as well deploy it. I know this is contrarian but we live in strange times and new ways of thinking are needed.

I know this happens but to what extent I'm not sure; my buy yesterday went through as a sell and I'm wondering of all the other 'sells' on the 20th were actually buys.

2000 years of fossil fuels? Try 200 and even that's a push. Realistically turn of the 20th century. And who is everyone? The indigenous people in parts of South America or Nigeria living in filthy polluted conditions? Or how about those in the Middle East subject to continual warfare through the incessant need for Western powers to control oil? Holiday in Basra anyone?
Progress was made for many, predominantly in the West, by taking energy from the past (the sun's energy trapped in carbon deposits) burning it, and in parallel releasing the by-products (pollution) in large amounts. We are now seeing the effects of that and whatever progress was made can be revoked quite substantially rather quickly. The Sun continually pelts the Earth with vastly more energy than we can possibly use. Ultimately the only reason we're so far behind when it comes to harnessing energy is down to the power of the Fossil Fuel lobby and the powerful vested interests that control government. Oh, and let's not forget the Petrodollar!

'infact' - couldn't agree more re AIM, and the market in general. The consensus for a while now is that we're due a major crash but maybe instead of a big implosion it's a controlled demolition, one company at a time as they capitulate to extensive debt burdens due to the cheap credit post 2008 and years of making NO profit. REDT is just another example of acceptable fraud in today's increasingly corrupt financial markets.

A derisory £0.000007 per share has been announced. LMFAO