Investment Thread

[JustJack]

https://twitter.com/krakenfx/status/1324380200466063361

Watch it go!

In addition, the stock market has truly baffled me over the last 2 days

Some argue that the market is efficient, and prices reflect all available information

My arse!

That reminds me of that Swansea guy who dumped his pc and a few years later realised he had a million quids worth of bitcoin on it, he never did find it, and no, it wasn't me

In 50 years that story will be an old wives tale, and there will be a Bitcoin Bob in every town who spent years waist high in toxic crap, looking for his lost coins.

Don't be like Bitcoin Bob

 

[Best_loser]

That reminds me of that Swansea guy who dumped his pc and a few years later realised he had a million quids worth of bitcoin on it, he never did find it, and no, it wasn't me

In 50 years that story will be an old wives tale, and there will be a Bitcoin Bob in every town who spent years waist high in toxic crap, looking for his lost coins.

Don't be like Bitcoin Bob

Correction, it was Newport and its now worth about 300 million

 

[JustJack]

Hello 17k!

https://twitter.com/markets/status/1328670650819547138

https://www.bloomberg.com/news/articles/2020-11-16/bitcoin-s-gunning-for-a-record-and-no-one-s-talking-about-it

 

[Longlostjack]

Yes. Bitcoin an interesting one if you believe there'll be a financial meltdown. I've tried to understand all this block chain stuff but am still confused. Can you trust a digital wallet? Buy a gold coin and you know what you've got.

 

[JustJack]

Yes. Bitcoin an interesting one if you believe there'll be a financial meltdown. I've tried to understand all this block chain stuff but am still confused. Can you trust a digital wallet? Buy a gold coin and you know what you've got.

All mine are stored in an cold/hard wallet, offline. It's fairly easy after the first time.

'Not in your wallet, not your coins!'

A blockchain is just a database, of which all the entries are confirmed by miners. Every transaction updates the database, and is recorded.

All completely decentralised. The big banks have given up the 'boogey man' rhetoric now and can't plough in fast enough.

 

[Longlostjack]

Thanks. I was tempted to invest a couple of weeks ago. How do the central banks see it though? Controlling the money supply is one of their main responsibilities. I understand that the supply of bitcoin is limited but what’s to stop other big players creating their own crypto currencies?

 

[JustJack]

Thanks. I was tempted to invest a couple of weeks ago. How do the central banks see it though? Controlling the money supply is one of their main responsibilities. I understand that the supply of bitcoin is limited but what’s to stop other big players creating their own crypto currencies?

http://graphics.reuters.com/TECHNOLOGY-BLOCKCHAIN/010070P11GN/index.html#:~:text=A%20blockchain%20is%20a%20database,across%20a%20network%20of%20computers.&text=To%20ensure%20all%20the%20copies,other%20possible%20uses%20are%20emerging.

This explains it much better

That is a good question, and my amateur take is it's not something they want to build their model around, because you can't print, manipulate, or control it as easily as fiat, and thus do whatever you want, to ensure your own gains.

Anyone can copy the code of the main networks (Bitcoin, Ethereum) and launch their own coin, but the tech behind it requires a huge work, Bitcoin will be the 'standard', its never going to be what people use to buy every day items, there are better coins for that purpose.

Ripple (XRP) was conceived by Banks around 8 years ago to try and initially swat Bitcoin away, but it doesn't even use the blockchain technology, and has its space, but is not a cryptocurrency, a half arsed imitation really,

There are also coins that replicate regular fiat, such as the Dollar etc (USDT), just as easily as they can. That's the jist, it's not something Banks can easily have a monopoly over.

Any challenge has to be seriously innovative, in regards to developing the tech, and be better at what any others do, than what's already there, which is some doing, especially as theres already a lot of competition in the space.

 

[airedale]

Yes. Bitcoin an interesting one if you believe there'll be a financial meltdown. I've tried to understand all this block chain stuff but am still confused. Can you trust a digital wallet? Buy a gold coin and you know what you've got.

Yeah, burglars casing your drum.

 

[JustJack]

A slight pause, but the All time high of $20k is slowly coming into sight.

A lot of institutional investment coming in

https://www.reuters.com/article/us-crypto-currencies/bitcoin-rises-to-three-year-peak-all-time-high-in-sight-idUSKBN2801WD?utm_medium=Social&utm_source=Twitter

 

[JustJack]

And this is really important as well, how people are taking it off the exchanges, increasing the scarcity.

 

[JustJack]

Talking about stocks, some of my London based favourites at the moment

Tritax BBOX - Real Estate (Distribution centres)

ITM Power - Energy -(Hydrogen/Renewable Energy)

Dotdigital Group - Tech - (Online Marketing)

IAG - Consumer - (Airline multi national) - Hoping for a nice long term recovery with this one

 

[Longlostjack]

And this is really important as well, how people are taking it off the exchanges, increasing the scarcity.

Talking about stocks, some of my London based favourites at the moment

Tritax BBOX - Real Estate (Distribution centres)

ITM Power - Energy -(Hydrogen/Renewable Energy)

Dotdigital Group - Tech - (Online Marketing)

IAG - Consumer - (Airline multi national) - Hoping for a nice long term recovery with this one
[/

I‘d go for

TUI
IBM
Shopify
Take-Two

 

[Longlostjack]

And this is really important

 

[JustJack]

And this is really important as well, how people are taking it off the exchanges, increasing the scarcity.

Talking about stocks, some of my London based favourites at the moment

Tritax BBOX - Real Estate (Distribution centres)

ITM Power - Energy -(Hydrogen/Renewable Energy)

Dotdigital Group - Tech - (Online Marketing)

IAG - Consumer - (Airline multi national) - Hoping for a nice long term recovery with this one
[/

I‘d go for

TUI
IBM
Shopify
Take-Two

I like Take-Two,

Shopify not looked into deeply but has seen ridiculous growth this year, around 200% since March.

TUI another recovery play, getting battered, not unlike IAG, but IAG did go through a rights issue to raise capital, don't think TUI have gone down that route yet.

IBM has been on a slow bleed/decline for close to 8 years now, but only lost 50% of its value in that time, could be a nice long term pickup, and pays a nice dividend. I think a significant part of their revenue is around cloud based tech these days.

 

[Longlostjack]

Yes. IBM is interesting I think. Not one of Wall Street‘s favourites but they‘re spinning off their legacy business and the CEO seems to have his head screwed on. Low P/E too. A slow burner.