BlackRock’s Larry Fink is now suggesting that the rising inflation is more than just transitory
@Raffe Who do you recommend following on Twitter for good daily market insight, etc? Or lists?
Or do you have a list compiled already that we could follow?
BlackRock’s Larry Fink is now suggesting that the rising inflation is more than just transitory
Traders (not investors):
https://twitter.com/SoccerMomTrades
https://twitter.com/mktparticipants
https://twitter.com/Michigandolf
https://twitter.com/TicTocTick
https://twitter.com/offshorehunters
https://twitter.com/FlyrUsr
https://twitter.com/moon_shine15
https://twitter.com/HiddenPivots
https://twitter.com/Mephisto731
https://twitter.com/volmagorov
https://twitter.com/narmacnetworth
https://twitter.com/skylanetk
https://twitter.com/nargis007
https://twitter.com/Biohazard3737
https://twitter.com/CordovaTrades
Incredible good market follows:
https://twitter.com/jam_croissant
https://twitter.com/choffstein
https://twitter.com/Ksidiii
https://twitter.com/WallStCynic
https://twitter.com/HindenburgRes
https://twitter.com/JamesJoyce47
https://twitter.com/HelenTrailer
https://twitter.com/SqueezeMetrics
https://twitter.com/JulianMI2
https://twitter.com/StanphylCap
https://twitter.com/unemon1
https://twitter.com/TendexCapital
https://twitter.com/INArteCarloDoss
https://twitter.com/jeuasommenulle
News:
https://twitter.com/PriapusIQ
https://twitter.com/FD
https://twitter.com/DeItaone
Someone who lies about the little things will lie about the big things too.
@mrnoble I hope you sold your tigr! Just noticed it’s had a huge nose dive. Lots of red, tempted to buy some tigr if it keeps dropping.
Still got that ino I got months back, still way down, should have sold when it jumped to $10 a few weeks back
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Boringly I got out of my volatile crypto stuff a month ago. Even sold out of my chrysalis last week. Only SMT and a few asian focused funds remain and the rest in index trackers. I'm not even checking HL every day. Way less stressful this way!
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To quote the great Robert Nesta Marley
Are you a rich man, do you have a lot of possessions?
He replied:
I don't have that kind of richness, my richness is life.
You only understand that when you find your true self until then your blinkers are on and the belief that ‘money maketh the man’ should truly read ‘money compensate the man’
RIAC
Interesting people are getting out of crypto, I'm just moving into it. Money to be made
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I'm a miner, we are at the reputable end of the market, I'm only here to keep tabs on those who pay my fees
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You been mentioning this a few times. Care to share some of the business plan behind it?
I was of the impression that it would be almost impossible to make this work from home given the costs, what is your breakeven price for BTC? Or are you mining other stuff?
Very curious to learn about the economics of mining coins.
Someone who lies about the little things will lie about the big things too.
There are 4 of us, we've invested into one guy a retired IT specialist. He will run the mining from 4 pcs . He will transfer the mined coins less his fees ( obviously including electricity , only 35% of your leccy bill is actually electricity ).
He's very very articulate , so we are at stage where he's just working though the graphics cards, 2 turned up yesterday , 900 quid each. So there is all the techy stuff to work through
Then there is the exchange to choose ( we are hoping Kraken start taking Raven soon )
Plan will be get so many in the exchange and then transfer to hardware wallet
We all live in different countries , so all have tax implications to work through ( seems straight forward , choice between trading and paying income tax plus capital gains or not trading and then cap gains on the lot when you sell )
We won't be mining the big boys, we will be researching the smaller coins and hoping to land big. We are all retired with other forms of income, so it's as much having some fun and dreaming about a Ferrari as it is anything else. We all believe that crypto will grow.
The business plan is nothing more than hope we land the right coins that explode
It's why you have to stay close to the other end of the chain.
I chatted to my son about this, he's at UNI, I couldn't believe how much interest students have in crypto, he knows several who trade, one has a buy and sell order on ETH for example, all using student loans. Just as an aside
We've all written off the cap-ex, 2k for set up costs, it's a long term punt and nothing else and frankly , it's as much about punting on the guy doing it as anything else, he's been very successful in IT and is highly intelligent . As soon as he said he was filling his time in retirement with some mining for fun we queued up to throw money at him.
As a a business plan the Dragons would say your expectations are wild and I'm out
That's the point though , who knows, at worst we end up with a very very fast gaming PC .
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So basically the economics are bad
You need time paid for from some other form of income
A high level of technical knowledge that you don't need to pay a high fee for
And you don't need income to live from it
Not many people in that position
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OK, so it's not a business venture but a way to kill time with the hope of a positive windfall outcome?
Someone who lies about the little things will lie about the big things too.
Yes, very much so.
Get 20k coin at 5p and hope it goes to 100 quid
Pretty serious gear though, the guy running it is filling his time maximising hash rate, he's loving it , that's what started it, a retired IT guy who needed some new focus to keep his brain going
4 of these
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^ Looks cool. Keep us updated.
Someone who lies about the little things will lie about the big things too.
I had thought there was a shift away from GPU mining? I have one acquaintance who’s been mining for years (eth) and he recently sold a 12 card custom rig as he was upgrading to Antminers
Very interesting to read Dave. Thanks for sharing. I look forward to hearing how it goes.
We could start a TZ mining pool. 10 of us put £50k in each…….
Trouble would be getting hold of the antminers. I think ePic are on an 18 month lead time, which is dependant on the semiconductor issues.
I very nearly sold at $29. But was instructed (on here) to always stick to the original plan. My original plan was to sell once it passed $30 so I held.
Now I feel like a greedy fool.
I’m still up though, so not worried. Shares in my SIPP were bought at an average of about $18 and the ones in my ISA at $13.
Pretty sure it’ll pump again. The fundamentals haven’t changed.
Nice to see ARB have a bounce today. +20% so far. 🚀
There’s a crazy rumour that Tesla have bought into ARB and are going to let them install a mining facility at their Texas gigafactory.
Most probably total BS.
'Commercial rigs' such as the Antminers utilise Application Specific Integrated Circuits to carry out the computation of the hash algorithmn. The ASICs used are specifically designed for the algorithm used by Bitcoin. They are therefore not surprisingly considerably more efficient at this task than the GPUs which, whilst being developed for a specialist workload, are more general purpose.
However, where coins are employing a different algorithm the GPUs can come back into play.[1] Indeed a number of coins have been specifically developed to incorporate an 'asic resistant' hashing algorithm.
Just to muddy the water a bit more, some GPU manufacturers are becoming uneasy at their core user base being disadvantaged by the influx of miners monopolising the supply of the latest GPU cards.
[1]
e.g.
Becoming uneasy lol, what they gonna do ling term? Besides we aren't using the top 4k gaming cards they use too much power, if someone is buying the latest card because of the gaming marketing assuming it will translate to mining they aren't doing their research properly
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Last edited by Daveya.; 16th July 2021 at 15:56.
Just looked into the limiting hash rate cards , no one is buying them. I suppose they tried to look after their core customers fair enough, but they just managed it badly .
Shortage will be over soon anyway , Ethereum going to Proof of Stake soon, no more lockdowns, chip factories are catching up, Intel will also bring out great video cards in a few months, EU is building new factories for chips etc etc.
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Will we see more of this: https://www.bbc.com/news/uk-england-birmingham-57280115
I used to be an ASIC designer in a past life. They will work the mining algorithms much much faster than any processor but they will be specific to the algorithms and if the algorithms change that could be problematic.
ASIC are expensive to design and fabricate so only those with serious capital will design them.
Beware, inflation!
Someone who lies about the little things will lie about the big things too.
Do we think markets are bouncing from here? DJI and SPY finding some MA support on daily and weekly?
Someone who lies about the little things will lie about the big things too.
As an investment strategy what is the consensus here around buying funds only on the basis of the Net Asset Value being considerably higher than the current fund price? I.E. over time would the detla between NAV and actual fund price converge (ideally with the fund price rising to meet the NAV)
Why both Inc and Acc in SIPP?
I want to die.
https://twitter.com/TeslaTunnel/stat...18277876060161
Someone who lies about the little things will lie about the big things too.
I thought he was talking about a heater to use in space.
Love him or hate him - he's always interesting.
The creme de la creme of feckwittery.
Someone who lies about the little things will lie about the big things too.
No real reason other than the dividend is decent and I have a fair whack in the INC fund so I use that dividend as a kind of 'stick it all on red' pot to go after the riskier stocks. The ACC one is a counter balance to make sure I don't p*ss everything up the wall as I know my self control isn't at ace trader level so I need to put controls in place to stop me doing something I regret
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Anyone able to explain what's happened to stocks (mainly Chinese) today?
I see the Chinese authorities have once again cracked down, this time on educational companies providing services which generate a profit. What the heck is that all about?
And now tech stocks are diving to new lows too. I just don't get it. Why would they want to crash their own financial markets and wipe billions of yen off?
Epic thread by Chris Bloomstran about the Robinhood IPO today:
https://twitter.com/ChrisBloomstran/...55137197215745
I will be looking for an opportunity to go short today. If you liked the COIN IPO, you will love this one.
Someone who lies about the little things will lie about the big things too.