RE: Bitcoin. Seriously.......? What a joke..13 Jul 2025 09:16
@OrangeMoon
Thank you for a very well balanced post this morning. Totally agree with your reasoning and will add that if you have any doubts when investing in a company even after heavily researching that company, you should take a step back look at your investment and ask the question "am I comfortable with the amount of money I have risked here". We can all get sucked in and carried away with piling money in to a stock on the back of it's steady rise, I broke my own rule with this one by averaging up.
Thank you again for pointing out the CEO's track record ,in many cases of investing in companies this goes with the territory, but as you paraphrased someone else's analogy, yes it wont effect our fortunes if we hit the motherlode.
I recently pulled all my money from L BTC, the young CEO Hew Rattray seems very switched on, I thought it was a masterstroke grabbing the ticker London Bitcoin Company and planning to launch on Nasdaq in September, mining their own BTC ,surely the number one "go to " place as a Treasury play.
Alas another name was dropped on me on that board DL, I enquired who is DL?,.....a prompt reply uttered the name "Lenigas "and when I looked him up I was immediately gripped with fear, his previous involvement with companies appeared to show his liking for dilutive strategies, it was not a good read. As it turns out he has put money in to L BTC, but his past is proving to have a negative effect on shareholder sentiment for the stock, I think that is a temporary blip and it will gain some traction as the summer draws to a close.
I am mindful of posting information that may upset some shareholders, apologies in advance , I am not a ramper or de ramper , just being realistic and pitching in my very real experience as an investor, I like many invested here, wait in anticipation of news that will push the share price higher, after all that is the whole point of us risking money in the first place.
I still believe this share has a long way to go and will make people very comfortable, as has been already stated , if it's in the ground in quality and quantity , the names Poulden and Lenigas won't matter a jot to those invested here.