Member Info for WolfofWarks

I’ve got some sympathy with strange’s POV. I was trapped myself in renting for a good ten years as had to leave home at 18.

Was on the verge of buying a two bed semi and a 3 bed came up on the same development so we were lucky that our first home was our ideal family home.

Wish I had took the plunge in my 20’s though as those that did are sitting on a fortune now.

Candlestick in the wind

Not much better feeling than getting the keys to your first house.

Well other than sex, football, etc, obviously.

With the lockdowns and not a lot to spend money on we’ve been throwing the kitchen sink at ours and hope to be paid off in five years.

I remember at the start of last summer he said that he thought Tesla shares were over valued and they tanked over night.

Then he hyped battery up to such an extent that it could only ever be a disappointment.

It’s the fact he’s so unnatural in his business dealings that makes him so appealing. By his own admission he’s an engineer not a businessman.

Hi JTF thanks for your reply. Personally I don’t think crypto will become mainstream but I do believe in it as an asset class and store of value and should be included as part of a diversified portfolio like gold.

If you’re interested in the accounting metrics and in particular with how the accountancy world it wrestling with how to value crypto then there is a good technical article from ACCa here.

https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/technical-articles/cryptocurrencies.html

I’m no chartist but it’s looking bearish to me and there’s a lot of headwinds about at the moment.

Exo that doesn’t avoid the taxthough if it’s outside an ISA.

You’d have to pay capital gains on anything over £12,300 and any dividends would form part of your tax return.

How old are you? Pension if you don’t need it before 55.

Oh Poor - also I’m waiting for an entry into CBX which PW is involved in. Last time I checked in it was due to start trading in autumn so I’ll probably go in mid to late summer.

Hi poor yep I’ve traded it three times so far. On the big dip I’ve managed to get my entry point back down to 165p.

Definitely agree with holding long term though, my two platforms doing let you buy though.

I’m in the process of setting up with HL at the minute.

‘ IT and games development doesn't care about your age or university...’

Yep. I used to work with a lad who went to work for Riot Games as an e sports commentator in Cologne. I went over to see him while one of his shows were going on and was hanging around upstairs in the offices. Couldn’t believe how young everyone was, it was ridiculous. Even the senior guys must have been in their mid 30s.

‘You still are missing the point that Argo are not all about BTC’

Everup - you’re being over sensitive here. I’ve used ‘crypto’ at every turn rather than BTC. I’m not deramping just engaging JTF on his very good post.

Ive listened to and read all of the output from PW and have never intimated than crypto isn’t going anyway. So not too sure what you’re acting all hurt about?

Aye but those assets are not investment assets. They’re supporting the core function of mining crypto, so I don’t see them as a proper diversification as they are still within the crypto sphere.

I guess the main point I was making is that if bitcoin ends up a binary play and we are 0 instead of 1 it won’t matter how good the prior financial statements are/were.

Sorry that second part doesn’t make much sense reading back but I’m sure you get the gist :)

Hi just the facts.

I enjoyed your post and agree that in almost any other share fundamentals analysis should form a decent part of the basis of any investment decision.

However ARB will always be underpinned by whatever is happening the particular market value is of crypto at the time so fundamentals don’t hold as much weight. Like commodities the value of the company is always going to be reliant on the crypto valuation at any given time.

Where’s Spotify?

I used to enjoy his acerbic barbs.

I’ve worked with credit control depts and small company vetting for years.

There’s literally nothing to go on on a start up. If you wanted to borrow decent amounts you would need a directors or parent company guarantee most likely.

In fact this algo and rating is probably most likely based on those last ABAL accounts.

.... at the moment.

I’m going to have my tea then put a nice big order together.

I’m sick of hearing about Greensil now.

If it wasn’t for David Cameron being involved it wouldn’t be getting all this attention.

Credit ratings/scores/recommendations are largely based on computer algorithms.

When there is little data involved they can throw out some bizzare results.

It’s unlikely that syme at this stage will be taking out regular credit lines like a company that would be buying raw materials, stock, etc, on a regular monthly basis and paying to terms. There wouldn’t be enough data to paint a decent credit history.

So while it’s a nice bits of news it doesn’t really mean much.