DCJonah Posted February 24, 2021 Share Posted February 24, 2021 Is it worth investing in Bitcoin or has that ship sailed now? Link to comment Share on other sites More sharing options...
Genie Posted February 24, 2021 Share Posted February 24, 2021 8 minutes ago, DCJonah said: Is it worth investing in Bitcoin or has that ship sailed now? Impossible to say, it’s all powered by make believe and built on sand. It could surge again, or it could absolutely sink like a stone (relatively speaking). On Sunday it was £41k, Tuesday it was £31k, now £34k. 1 1 Link to comment Share on other sites More sharing options...
Genie Posted February 24, 2021 Share Posted February 24, 2021 My TUI Stocks up over 10% in about 3 days. Almost enough money to buy a panini and small can of Diet Coke on one of their flights. 3 Link to comment Share on other sites More sharing options...
Rob182 Posted February 24, 2021 Share Posted February 24, 2021 1 hour ago, Genie said: My TUI Stocks up over 10% in about 3 days. Almost enough money to buy a panini and small can of Diet Coke on one of their flights. It’s looking good at the moment isn’t it? Up 50p from £4-£4.50 today alone. There will be the inevitable sell-off tomorrow, but I’m optimistic if the public see all the holidays being booked, which will give them the confidence to book theirs. I’m hoping for another set of gains. 1 Link to comment Share on other sites More sharing options...
wazzap24 Posted February 24, 2021 Share Posted February 24, 2021 Game Stop up over 100%, trading halted again. Seems Wall Street Bets were onto something after all. Link to comment Share on other sites More sharing options...
Wainy316 Posted February 24, 2021 Share Posted February 24, 2021 14 minutes ago, wazzap24 said: Game Stop up over 100%, trading halted again. Seems Wall Street Bets were onto something after all. Gone up a further $33 after hours! 1 Link to comment Share on other sites More sharing options...
wazzap24 Posted February 24, 2021 Share Posted February 24, 2021 3 minutes ago, Wainy316 said: Gone up a further $33 after hours! I read quite a few of the detailed posts on WSB. If you cut through all the ‘Apes holding’, ‘Diamond Hands’ and Rocket emojis, there are clearly some people who know their stuff on there. I don’t understand all of it, but they were adamant the short interest hadn’t been covered and some were arguing it had potentially gotten worse. I’ve made a little bit today, but I got in too high a couple of weeks ago and was scared to hold on for too long! Interested to see what tomorrow brings. Link to comment Share on other sites More sharing options...
KenjiOgiwara Posted February 25, 2021 Author Share Posted February 25, 2021 Short interest is actually public info everywhere so it's easy enough. The problem is that there's a delay between transactions and reporting. So shorts can theoretically be covered when you take your position. But generally speaking I suspect Reddit are just looking at the shorts position and volume, thus deduct what's going on. Link to comment Share on other sites More sharing options...
wazzap24 Posted February 25, 2021 Share Posted February 25, 2021 Game Stop up another 95% today so far. It was trading at 46/48 2 days ago ago, currently at 179. I wish I knew more about this and had the balls to hold for longer yesterday. Link to comment Share on other sites More sharing options...
Xela Posted February 25, 2021 Share Posted February 25, 2021 On 24/02/2021 at 14:38, DCJonah said: Is it worth investing in Bitcoin or has that ship sailed now? I thought the ship had sailed at £10k so never bothered investing! Link to comment Share on other sites More sharing options...
Genie Posted February 26, 2021 Share Posted February 26, 2021 Tesla starting to tank, I wonder if there will be a panic sell off. It’s down about 25-30% in a month from a ludicrously high artificial position. Link to comment Share on other sites More sharing options...
Rob182 Posted February 26, 2021 Share Posted February 26, 2021 That Beckham backed cannabinoid company went live today instead of next Thursday. Sitting around 24-28p initially this morning, after the IPO was offered at 5p a share. Link to comment Share on other sites More sharing options...
HanoiVillan Posted February 26, 2021 Share Posted February 26, 2021 A different question re Bitcoin is not just 'will I make money' but 'should I, from a moral perspective, invest in this'. It is absolutely destroying the planet. Link to comment Share on other sites More sharing options...
lapal_fan Posted February 26, 2021 Share Posted February 26, 2021 13 minutes ago, HanoiVillan said: A different question re Bitcoin is not just 'will I make money' but 'should I, from a moral perspective, invest in this'. It is absolutely destroying the planet. I know you have, but have you seen the amount of computing power which is required for data mining?!! The yield from setting a home-made on is about 8% AFTER your electricity bill. As you say - put an end to it and save 100m tonnes of carbon via power stations needing to supply the grid! For digital money! 1 Link to comment Share on other sites More sharing options...
HanoiVillan Posted February 26, 2021 Share Posted February 26, 2021 10 minutes ago, lapal_fan said: I know you have, but have you seen the amount of computing power which is required for data mining?!! The yield from setting a home-made on is about 8% AFTER your electricity bill. As you say - put an end to it and save 100m tonnes of carbon via power stations needing to supply the grid! For digital money! Yeah, my thoughts exactly. The product is worthless in anything except financial terms; it offers no benefit to human civilisation, and massive amounts of harm, and I just can't handwave that away and think 'yeah yeah but I'll make money'. 1 Link to comment Share on other sites More sharing options...
a m ole Posted February 26, 2021 Share Posted February 26, 2021 10 minutes ago, lapal_fan said: I know you have, but have you seen the amount of computing power which is required for data mining?!! The yield from setting a home-made on is about 8% AFTER your electricity bill. As you say - put an end to it and save 100m tonnes of carbon via power stations needing to supply the grid! For digital money! I read that recently it was a bigger energy consumer than Ecuador. Its not necessarily crypto that’s the problem but blockchain. I’m very skeptical on Bitcoin to be honest. I’ve used it once (for what most bitcoin transactions are used for) and it was hugely expensive in terms of transaction fees between wallets and purchasing. Seems like a Ponzi scheme. Link to comment Share on other sites More sharing options...
HanoiVillan Posted February 26, 2021 Share Posted February 26, 2021 (edited) 1 hour ago, a m ole said: I read that recently it was a bigger energy consumer than Ecuador. More than Argentina, was the most recent comparison I saw. Not only that, but most of the 'mining' is done in China where the grid is largely powered by particularly dirty coal-fired power plants. Edited February 26, 2021 by HanoiVillan Link to comment Share on other sites More sharing options...
Xela Posted February 26, 2021 Share Posted February 26, 2021 2 hours ago, HanoiVillan said: most of the 'mining' is done in China where the grid is largely powered by particularly dirty coal-fired power plants. Greta needs to be protesting in Tiananmen Square about this. Link to comment Share on other sites More sharing options...
Genie Posted February 26, 2021 Share Posted February 26, 2021 (edited) 4 hours ago, lapal_fan said: I know you have, but have you seen the amount of computing power which is required for data mining?!! The yield from setting a home-made on is about 8% AFTER your electricity bill. As you say - put an end to it and save 100m tonnes of carbon via power stations needing to supply the grid! For digital money! I read that mining Bitcoin is using more energy than the entire country of Argentina. Edit: I’m much to late with that fact Edited February 26, 2021 by Genie Link to comment Share on other sites More sharing options...
Demitri_C Posted February 26, 2021 Share Posted February 26, 2021 I thinked in something called cardona (a virtual currency like bitcoin). In 48hs i made £30 on it with only 100 shares. Not bad. Its suppose to be the next big thing Link to comment Share on other sites More sharing options...
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