I wish every investor in the world could read this salutary assessment. Well done OAK. Your sole motive seems to be looking after your readers.
In the garden of Eden the fruit was very enticing, genuinely appealing. We've been discarding logic and common sense ever since. We're persuaded to make impulsive decisions, our senses are appealed to, our greed cultivated, our reasoning anaesthetised. In the last twenty years the internet has hightened this danger, playing into the hands of devious crooks wearing smart city clothes with bleached teeth and artificial smiles. We take the bate, a few clicks and lives are never the same. A future of regret. Of changed circumstances. Of embarresment. But it's all too late.
Jesus said 'What good is it if you gain the whole world and loose your soul'.
I must be a dinosaur but have kept away from BTC (i have download Satoshi Nakamoto white paper to read at some point though as this is meant to be a good read). I had heard of MSTR using debt to buy BTC and thought uh oh...
Charlie Munger has a great line on his thoughts of BTC!
Great article. But I don't really think anyone buying MSTR cares about it's financial reports.
I'll point you in the direction of PNIX as a crypto play. They used to be called NFT.
They are trading in the UK at 50% or so below their crypto holdings and have no debt. Directors have skin in the game and have been buying back shares as well as returned some cash last year. I actually think the management have a good understanding of crypto and rejig their portfolio to take advantage of the winners and losers in the crypto world.
The liquidity and spread is an issue - spread is about 5% . Also I was only able to get hold of them via AJ Bell, and IG as a spreadbet. HL, IB, Iweb, II, Saxo wouldn't provide access.
Would be interesting to know your thoughts about BTC in general, though. Not a fan myself, but I respect Lyn Alden very much, and she is very much behind it.
Like yourself there are people I follow whose views I respect that are behind Bitcoin. Cathie Wood being perhaps the most prominent example.
But I remain unconvinced.
I have got a number of plays on the “picks and shovels” of the FLOW of Crypto (not the asset of Bitcoin) so CHRY, INOV, GROW and AUGM but this is a part of their holdings and not a core part.
The YouTube algo found this channel for me. I just listen for ideas but interesting investment ideas on crypto. Miners still seem to an interesting way to play as they keep the coins on their balance sheets so makes it easier to value.
I wish every investor in the world could read this salutary assessment. Well done OAK. Your sole motive seems to be looking after your readers.
In the garden of Eden the fruit was very enticing, genuinely appealing. We've been discarding logic and common sense ever since. We're persuaded to make impulsive decisions, our senses are appealed to, our greed cultivated, our reasoning anaesthetised. In the last twenty years the internet has hightened this danger, playing into the hands of devious crooks wearing smart city clothes with bleached teeth and artificial smiles. We take the bate, a few clicks and lives are never the same. A future of regret. Of changed circumstances. Of embarresment. But it's all too late.
Jesus said 'What good is it if you gain the whole world and loose your soul'.
When BTC reaches 200k Sailor will dilute the shareholder to hell again. There is no winning, lol.
I must be a dinosaur but have kept away from BTC (i have download Satoshi Nakamoto white paper to read at some point though as this is meant to be a good read). I had heard of MSTR using debt to buy BTC and thought uh oh...
Charlie Munger has a great line on his thoughts of BTC!
Great article. But I don't really think anyone buying MSTR cares about it's financial reports.
I'll point you in the direction of PNIX as a crypto play. They used to be called NFT.
They are trading in the UK at 50% or so below their crypto holdings and have no debt. Directors have skin in the game and have been buying back shares as well as returned some cash last year. I actually think the management have a good understanding of crypto and rejig their portfolio to take advantage of the winners and losers in the crypto world.
The liquidity and spread is an issue - spread is about 5% . Also I was only able to get hold of them via AJ Bell, and IG as a spreadbet. HL, IB, Iweb, II, Saxo wouldn't provide access.
Good luck with that!
Would be interesting to know your thoughts about BTC in general, though. Not a fan myself, but I respect Lyn Alden very much, and she is very much behind it.
Simon
Like yourself there are people I follow whose views I respect that are behind Bitcoin. Cathie Wood being perhaps the most prominent example.
But I remain unconvinced.
I have got a number of plays on the “picks and shovels” of the FLOW of Crypto (not the asset of Bitcoin) so CHRY, INOV, GROW and AUGM but this is a part of their holdings and not a core part.
My view on Bitcoin was expressed in this article last year: https://theoakbloke.substack.com/p/crypto-assets-or-liabilities
OB
Thanks for redirecting me to the article!
Almost bought some MSTR about year ago as a BTC proxy. Missed out on 170% gain but wouldn't have invested much.
Don't like the leverage.
BTC ETFs will be available to UK investors soon. I will buy some in case it does go to the moon.
The YouTube algo found this channel for me. I just listen for ideas but interesting investment ideas on crypto. Miners still seem to an interesting way to play as they keep the coins on their balance sheets so makes it easier to value.
https://www.youtube.com/watch?v=GMVf4lkZu38