Albert_Park
Active member
Yeah, I bought them at the start of lockdown when they were as cheap as chips. Up just over 200%. I love capitalism
Share punt if you are interested
- Thread starter 1finny
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Middlesbrough123
Well-known member
I bought x3 leverage versionYeah, I bought them at the start of lockdown when they were as cheap as chips. Up just over 200%. I love capitalism
WensleydaleRed
Member
Why didn’t I listen to these back in March!
Jonny_Rondos_Disco_pants
Well-known member
Coin base tip looking good 
‘Because we can Gents’
‘Because we can Gents’
Middlesbrough123
Well-known member
It’s never too late there’s always something else
1finny
Well-known member
Travis Perkins
New Chair starts Jan/Feb
Redwurzel
Well-known member
Tipped on here I think at 100p.
At the time the experts said they were about to collapse becuse they were not getting much revenue as large jets were grounded by Covid and Brexit would kill them..
I did say people would eventually fly again. Also pointed out potential in their small nuclear generators to replace fossil fuel for electricity generation.
VladKinder
Well-known member
Price when I mentioned this:
$187.
Now $397.
Going a lot higher, as is Bitcoin (which in the next ten years will melt faces).
Redwurzel
Well-known member
VK - don't you think there is a chance of a speculative bubble behind Bitcoin? with people investing in something they don't understand, but think they should own, because its modern and the price has been rising. Bitcoin is not really used as a currency or to pay for goods, except if you are an international criminal.
I tend to favour big tech shares as I see people using their products and services every day - Internet companies, social media, smart phones etc
I tend to favour big tech shares as I see people using their products and services every day - Internet companies, social media, smart phones etc
Andy_W
Well-known member
What share of your portfolio/ worth are you comfortable with on Microstrategy & Bitcoin? Are we talking 1%, 5%, 50% or 100%?
You advised buying on big dips, but then the buy you advised was at the peak of RSI when it was way overbought (a clear sign of a peak), so you've contradicted yourself?
Since then it was also losing money up till October (and bitcoin was down till November), that's not going to sit well with many when much safer/ diverse investments had rocketed.
Sure it's doubled now (and was higher) but Bitcoins is massively in overbought territory again, so probably a bad time to buy microstrategy again, as buying bitcoin is largely all they do it seems.
"buying the dip" rarely works out, but it's better than buying peaks I suppose, most investments work far better with dollar cost averaging.
Nvidia has pretty much doubled in that time too, and been more consistent, and also safer, now being pretty much the biggest company in world with actual sales and a plan etc. Nvidia's also beat bitcoin over pretty much any timeframe over the last 5 years
UK/ FTSE stocks have been trash, but they've been trash for so long now that they might even be pretty good value as far as P/E goes. I still wouldn't be buying them yet mind, not unless part of an "all world" ETF or whatever, but even then the one I buy in that excludes the UK.
Quite a lot looks risky now, whether that's Tech, AI, Bitcoin, S&P 500 or whatever, but that's not to say they won't go higher.
Middlesbrough123
Well-known member
My mates the only one that listened to me regarding Rolls Royce . He called me 2 weeks ago talking about selling his £2k wasn’t far off £10k after about 3 yrs , his lass made the same trade . He was after using the funds as a deposit for a student let the key was possibly returning £120 a week
Andy_W
Well-known member
I think it's largely greater fool theory, the big companies and players can help swing the price and the fools take the bait and stabilise the price, then they just repeat.
That was one of the reasons I never really touched it intentionally, but now it might actually be reliable for a small punt <5% portfolio etc.
The greater fool thing now is probably the main reason why I would invest in bitcoin, largely as I just trust that a lot of people will take the bait and follow social media influence etc. But, I just don't see the point after a big rise when it looks way overbought. It's too volatile to have a reasonable guarantee it will stay there at 100k, for me at least. If it steadily drops again (by a lot) I might go in with some dollar cost averaging each month as I think tech and the S&P 500 have had it too good too long now, and the forecast for the S&P 500 over the next decade doesn't look all that great.
Andy_W
Well-known member
Not paid attention to RR, but remember my ex raf mates mates being in the dumps as their shares had tanked form 300 to 100, but looks like it's flying now, literally. Loads of my ex raf mates went to RR, and think they get given shares etc, so they were all in on it, hopefully they kept hold.
Well overbought now mind, so unless there's good reason for them to keep going up now might be the time I would sell out, if I was them, and go into something safer, as they're largely nearing retirement.
Middlesbrough123
Well-known member
I’m in a x3 leveraged position I was looking at getting out at £6 at one point this would have doubled my balance at the time . The x3 leveraged position depreciates over time . I was expecting some kind of SMR announcement, this will make the difference. I took my 3k out plus £1250 (paid for x3 season tickets )out in April so it’s been risk free . Ideally il aim to average 10% a month compounded once sold and move into something else .
You've been saying the same thing for years though. At every price point you've said it was over valued or you've said it's crashed and it's not coming back. All of those times were opportunities to buy that you didn't take but would have seen you make a healthy profit. It's really funny because people like you make these comments every time there is a new all time high but when we look back at those people that said it at $1k, $10k, $20k, $50k, $70k the comments are exactly the same and they still haven't bought any and still don't admit that they were wrong but mostly they still don't recognise that there was no difference between them then and now and in a few years time we might be looking back at these comments when it is at $200k, $500k or $1m and you'll still be saying the same thing.
Is the greater fool the person that keeps buying the all time high and making big profits or the person telling everyone else how wrong they are going to be?
The price is rising currently because there is strong talk of a bitcoin strategic reserve. If the US, who are the current reserve currency decide that they need something to act as a reserve for their currency then that is something that will require them to own a substantial sum of bitcoin to be able to do that. If that is the case then the price is going to increase further. Pennsylvania have already submitted a bill and there are 10 other states likely to follow-suit.
Retail investors like us are not going to have any impact on the price of bitcoin. It is way beyond that stage. It is an asset with a marketcap of $2T. Far bigger players have now entered the market. Those far bigger players don't deliberately cause swings in the price. We're talking institutional investors and countries.
Nvidia has done very well but you are picking a winner and saying how well it has done. The chances of picking that winner rather than one of the other losers was small.
Redwurzel
Well-known member
Sensible - The 100p price was based on fear from Covid. RR earn most of their money from servicing of their engines. i think they monitor the engines remotely on customers planes, so if the planes were not flying no servicing. Covid was hopefully an one off.
I forgot to add AI stocks which are making real profits, Like Apple, Google, Microsoft, Amazon, Meta - that I sum up as "Big Tech". We are all using some of their products and services daily say to access FMTTM!
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Redwurzel
Well-known member
Speculative bubbles tend to start with a new cheap interesting product such as a Tulip in 1720 etc that had never been seen before or the Internet in 1997 etc - People make big money quickly as the price goes up 100 times over several years and everyone is talking about it and saying look how much I have made. The product becomes expensive and less interesting but investors are hooked. Then a little boy comes along and says the Emperor has no clothes.
Pure Bitcoin has some protection because its new supply is tightly controlled (at present) unlike Tulips or the Internet. Not sure this is true for some of the other crypto currencies such as Dogecoin etc though. The Bitcoin price has been rising on new investors investing faster than old investors getting out. As said it was created to be a curerency for buying and selling good and services and that seems very limited so far. So its chief function so far as been as a speculative investment. Its arguable too volatile to be a store of wealth.
No problems if people say buy @ $95,000 and sell later @ $150,000, but the danger at some point is that a little boy comes a long and someone listens to him. If Bitcoin is just a speculative commodity. And the investor is left with something that is worth less than $95,000 even worse if panic sets in.
Pure Bitcoin has some protection because its new supply is tightly controlled (at present) unlike Tulips or the Internet. Not sure this is true for some of the other crypto currencies such as Dogecoin etc though. The Bitcoin price has been rising on new investors investing faster than old investors getting out. As said it was created to be a curerency for buying and selling good and services and that seems very limited so far. So its chief function so far as been as a speculative investment. Its arguable too volatile to be a store of wealth.
No problems if people say buy @ $95,000 and sell later @ $150,000, but the danger at some point is that a little boy comes a long and someone listens to him. If Bitcoin is just a speculative commodity. And the investor is left with something that is worth less than $95,000 even worse if panic sets in.
Andy_W
Well-known member
I've said it's overvalued at the points it's been overvalued/ overbought, but I've not been saying much when it's in the hole. I've not seen many of the BTC folk on here championing it when it's been the hole either, so maybe they're not buying then?
The only time these type of threads (any share or investment) seem to crop up is when it's doing well etc.
Look at the bitcoin thread which just resurfaced, all the talk I was doing was in April (when it was overvalued)....then nobody else was saying anything until the end of October (likely as it was losing money/ flat), and the rest of the market was flying during that time. End of October it wasn't overbought, but was still fairly high which is why I avoided it (avoided adding more) then, and it's more overbought now which is why I avoid it now, or avoid adding more now at least. Although saying that I bet I've still got more invested in BTC than most on here, but that's with it as a small % of my portfolio, but it's not with individual coins, it was part of a copied portfolio. It's hard to know what I hold which is tied to crypto, as I'm in all sorts of ETF's, and have no idea how much companies have bought into it etc. I know Tesla are a big holding, and have like £1bn of it or so, but it's not much of their overall income, assets or market cap etc.
No, the greater fools are the ones who join the party late, not the ones who joined the party early, but they can still make money if more come after them etc. I think more will come after them, that's my point, but that's not why most are going in on it, not how it seems to me at least. How long that will last, who knows. I won't be mad if it keeps going etc, I hope it does.
Yeah, I totally get that on what's possibly happening in the US, it may be a good reason to back it, but are they going to be buying it when the price is so high, knowing it's so volatile? Seems a bit of a punt for the public putting money in that, when traditionally they're way more cautious.
Or might they look at it more long term and gradual etc. Are they going to be buying a lot of it when they're in so much debt etc? What are their alternatives. What if the S&P 500 tanks? What happens if the bills don't go thorugh? What happens if Pensylvannia goes blue again in 4 years and the dems get in and decide to sell it all off?
Yeah retail investors don't hold that much, maybe about 10% of the value, so up to holding say $100k I would consider retail, but it's still a fair chunk, enough to move the price if a lot think the same way. 80% of the bitcoin wallets are holding less than £1k worth though, so there's a lot of retail investors there probably talking this up, without much skin in the game, so to speak. Only ~2% of wallets have more than 1 BTC. From what I estimate I hold it would probably be enough to put me in the top 10% of wallets, which seems a bit mad, when I'm seemingly a lot more cautious about it than those who have far less on it, but talk it up more.
Like I've said a few times, it's worth paying attention to, but don't expect it to be a get rich quick scheme and lump everything on it etc.
I mentioned Nvidia as I've been invested with Nvidia as an individual stock since about 2021 (as well as a lot of other individual tech stocks, which I've mentioned), topped up on Nvidia specifically in 2023, and been adding on them as part of the S&P 500 all the way through, and as they make up a fair chunk of that, it all counts. Probably got ~10% sat with Nvidia, but they make up 7% of the S&P 500 on their own. Back in 2021 they were about 2%, so anyone in on the S&P will be 2% then or 7% now, and roughly 1.5% and 5% for all world as the S&P is so dominant in that.
Andy_W
Well-known member
Wouldn't say leveraging is sensible mind, it can be playing with fire, but 3x is not so bad. I don't do leveraging.
Yep, true about RR, they're a lock in for servicing when aircraft are flying, but they're going to need to find a way to make the aircraft more efficient and cleaner for emissions, but they're getting there on that. I know the Airbus A380 is coming back as they have got more efficient and less emission engines in the pipeline, but can't remember if they were RR, probably were.
If they don't find a way though the taxes on the emissions will rocket the ticket prices and possibly lead to a decline in air travel, but it's hard to say.
Yeah, they do monitor them remotely (happens with alll major airline engines), I think that's what they used to help locate where MH370 was roughly, as they used the hourly pings to the satellites and triangulated it to get a rough position. The aircraft also store more data for the engines etc, which can be downloaded with more detail, like everything else, and they get maintained on a flight hours basis, but yeah, no flying is bad news for RR.