The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
If bitcoin remains so volatile how can it ever be adopted as a mainstream global currency? If it can't become mainstream maybe bitcoin could self destruct and basically become valued less and less long term with a corresponding crash in price going forward?
So I've just found out there's been another director selling here.
Really does not look good and at the very least an irresponsible thing to do in terms of considering shareholder confidence. Also the timing appears odd in my view considering we are at such a pandemic crisis point where a covid test product such as Paraytec should be in such high demand with an associated higher share price going forward.
https://www.independent.co.uk/news/rapid-covid-test-lateral-flow-b1821377.html
Maybe Trevor doubts how fast Paraytec can get out to market, promoting him to sell a decent chunck of his stock holding. I am a holder hear by the way but a sceptic at the same time.
I've been reading quite a bit how one of the reasons bitcoin is expected to do so well going forward is due to the possibility of it being adopted as a mainstream global currency. If bitcoin is to become a mainstream global currency will its becoming mainstream likely have a stabilizing effect on its price? I think it's likely as otherwise it might look a little odd if a mainstream global currency is fluctuating in price too much over time.
I've been reading quite a bit how one of the reasons bitcoin is expected to do so well going forward is due to the possibility of it being adopted as a mainstream global currency. If bitcoin is to become a mainstream global currency will its becoming mainstream likely have a stabilizing effect on its price? I think it's likely as otherwise it might look a little odd if a mainstream global currency is fluctuating in price too much over time.
I think in principle this Paraytec covid test seems brilliant. Incidentally I think it likely there will be a demand for tests like this going forward alongside covid passports. My one issue is this director selling business. It puts me off as it has a demotivating effect in terms of stock confidence in my view. Also the timing makes it even worse, as now should be the critical time for such a product to be in such demand as the world tries to exit the covid crisis.
I was thinking about the bitcoin price rise over the last year.
Last year was a covid economic crisis. Normally during periods of economic uncertainty (like last year) gold does well as a safety hedge. I've been reading lots online how bitcoin has been doing very well in part as an alternative to gold, against the dollar. When we start to pull out of this crisis as a result of the vaccine rollouts globally and the global economy starts to stabilise and be more healthy is it possible that this is a risk to the long term price of bitcoin (in a similar way that it would with gold)? Basically I'm concerned that exiting an economic crisis may therefore be detrimental to the bitcoin price going forward.
The other key risk to this stock will be the increasing uptake of vaccination passports around the world, for example which is really taking off in Israel....I thought this was a good article incidentally which I came across today.
https://www.theguardian.com/world/2021/apr/02/really-good-place-israel-nearing-covid-endgame
It is far better to have a balanced debate than have lost of rampish posts without looking at the risks to the stock such as:
1. Why on earth would the main director sell a large chunk of his stock if he thought the stock would do well, as surely you would be better off holding on to a successful stock as this would return you a healthier cash position going forward.
2. There will always be global competitors going forward.
I agree Goldtrig.
If it is so likely that the Paraytec test will have such a success in the global covid test marketplace why on earth would the main director sell a really large chunk of his stock holding. And there's no point in clutching at straws trying to find an alternative reason why the director might sell, e.g maybe he needed cash for his new eco village. Surely you would be better off holding a stock if you knew it would go up considerably as you would be able to do so much more with your increased cash position. A director selling (twice in close succession) is never a good market signal.