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Everything posted by TrendFollower

  1. Here comes access to education which is vital to the future success of cryptocurrencies and ICO's. https://cointelegraph.com/news/london-school-of-economics-introduces-online-course-on-crypto One of my favourite sayings is, "Knowledge is Power." Other counties are starting to offer degrees in this area. Gibraltar and Malta along with Ontario are at the forefront of more positive regulation in relation to blockchain, ICO's and cryptocurrencies. If memory serves me correct then Malta will be offering a degree in blockchain.
  2. Does anyone know when Argo Blockchain PLC IPO is listing? There are rumours of by the end of July 2018 but I have checked the London Stock Exchange website and there is absolutely no mention of this which also includes any AIM listings too. I wonder if Argo Blockchain PLC lists on NEX to join Coinsilium and KR1 (formerly known as Kryptonite1 PLC) or whether it joins the company which has invested £200k in it (Vela Technologies PLC) on AIM.
  3. @AA.H, if you are new to trading then may I ask what has led you to look at possibly trading oil? Apologies if my assumption is incorrect. @Caseynotes, has pointed you in the right direction. Do you have a trading plan? The answer must be yes because if it is not then I know this sounds cheesy but failing to plan is a plan to fail and it is especially true when trading commodities.
  4. @Caseynotes, I would not normally post anything in relation to UK politics but here goes in support of your post. David Cameron will go down in the history books as the PM who brought the Brexit referendum to the people of the UK and when the decision went against his personal beliefs, he resigned. George Osborne then joined him by resigning. Now we have David Davis and Boris Johnson resigning as they realise that the Brexit deal is not in line with their views. So the only inference I can make by the action of these four MP's is that they were not willing to act in accordance with the wishes of the UK as per the referendum vote. What happened to the politicians working to carry out the wishes of the public? Democracy!
  5. @Situation, first of all thank you very much for taking the time and participating in this discussion. I am not suggesting you are right or wrong as we all will have different views and opinions. However, sometimes a lack of knowledge can lead to one thinking that Bitcoin and Ethereum are done. You may be right, who knows? You suggest new money has no reason to come in. At the moment institutional money has not even entered the 'Crypto Universe'. If it does and this all depends on the regulatory environment but if it does then new money will have the biggest reason to come in. I accept it is a big IF. I agree that the traction for Bitcoin and Ethereum adoption is slower than one would like. However. momentum is building and there are lots of exciting projects in the pipeline. The reason why one would buy say a Samsung, Panasonic or Sony TV is because even though the technology is available to make your own TV, most would not be able to do so. This is because they would not have the skills required, knowledge needed and time. @Situation, have a look at some of my previous posts within the Cryptocurrency and Blockchain section of the 'Forums'. You may find posts, links and material that may be useful in acquiring more information on the subject area. Apologies if you have already seen most of them. Thanks again for your post.
  6. @Caseynotes, I can see your point and cannot argue against it. It is a difficult balance but you may be right. Lets see.
  7. @Caseynotes, there is a lot of foreign capital invested in say the FTSE 100 index from various countries around the world. This includes pension funds, sovereign wealth funds, etc. Should they all get jittery due to the final Brexit deal then there may be a run on say the FTSE 100. I am not suggesting there will be one but it is possible should the deal be bad for the UK.
  8. @Caseynotes, I agree that IG should encourage from within the 19000 clients already signed up. However, where I disagree which is fine as we all will have different ideas and opinions is that IG should absolutely worry about 'quality' posts. It should not necessarily be about the quantity of posts. Yes, simple honest discussion would be a great start but how many posters are engaging in a simple honest discussion. How many people are sharing their opinions or thoughts even though there may be a risk that others will not understand or agree with them?
  9. For those who have come across my previous posts will appreciate that I am pro 'digital currencies' and 'cryptocurrencies'. Some of you will find this article both interesting and fascinating. IG are not silly to offer trading of cryptocurrencies if there was no future. IG's credibility is on the line. Also they are a business and need to profit and would not support the trading of something that was a fad or was simply going to disappear shortly. https://www.ccn.com/bitcoin-could-go-mainstream-within-10-years-imperial-college-research/
  10. This may be of interest to some. https://www.ccn.com/major-futures-exchange-cboe-files-for-bitcoin-etf-increasing-probability-of-approval/
  11. @PandaFace, thanks for replying and participating in this thread. The value creation would be that the IG Coin could be converted into fiat to trade only on the IG platform so ultimately IG wins. Also the knowledge and experience that could be shared within the IG Community could also be non monetary value creation. If it leads to successful / profitable trades then again this creates value which may not be seen by the IG Community. As they say the 'house always wins' and has the 'edge'.
  12. @Caseynotes, the main play for Gold right now is Brexit and the political and economic uncertainty that comes with it. This could have a ripple effect across the globe. I will be very interested to see when D Day comes whether the capital flows to Bitcoin or Gold in terms of safe haven allocation. I don't know what will happen but I am intrigued as to whether the money moves into Gold or Bitcoin.
  13. @JamesIG, I think those who are registered clients use IG's platform to invest/trade. Enabling visitors to post is like saying to a child you can go to the candy store and purchase candy but you do not need to pay for the candy. Any thought provoking discussing has to lead to at least a serious thought/consideration of a trade, preferably on IG's platform. I cannot see how visitors can help with this unless (being cynical) those visitors are IG employees disguised as visitors or even automated 'robo' responses using AI!
  14. Boris Johnson has followed with his resignation. What strategies are others within the IG Community adopting with Brexit in mind? There could be a wonderful opportunity if the UK stock market crashes for picking up stocks reminiscent of the financial crisis in terms of value (cheap). Make sure you are ready with capital loaded up in case some very special buying opportunities come that appear once in a lifetime.
  15. Some discussion on this would be useful for not only the IG Community but for IG itself to establish if there is a demand for the IG Coin or some sort of 'token' IG can issue its clients based on the quality of the articles posted. What do people think? Does anyone has a better suggestion? There would have to be some rules obviously as otherwise @Caseynotes would be a very wealth owner of IG's issued tokens! ? Also any thoughts on Blockchain and its future uses would be welcome. There are lots of Blockchain and AI projects in the pipeline. Blockchain and IOT is gathering momentum. Even Blockchain and Robotics Process Automation (RPA) is gathering pace.
  16. For those who trade commodities, they may wish to have a look at Wheat London and Wheat Chicago. Wheat London finished strongly yesterday and from a technical perspective the trend looks strong. It is the fundamentals that one needs to understand as to the reasons behind the technical showing. The UK market is experience very warm weather conditions that have moved estimated harvest dates and these have been moved by at least a month or so. This has caused uncertainty in the markets and also supply and demand issues with farmers with the price falling for the old crop which they would like to sell but there are few buyers. If the UK experiences heavy rains then this could change the expected harvest dates and prices could change again. This is why if you look at Wheat Chicago then the trend is not as strong and the recent price action is not the same due to the UK's harvest dates changing due to the weather conditions. Now the smart money will already be long wheat and using leverage to maximise their returns. For those who are not long wheat is there a short term trading opportunity to maximise any short term significant increase in the London Wheat prices? I am sure there will be a shorting opportunity later on but right now there could be a trade on. From a risk management perspective one could even going long Wheat London and short Wheat Chicago. Both may end up going up but if one thinks Wheat London will go up more than Wheat Chicago then it may be a very good way to handle the risk on this trade. I am keeping things very simple here to encourage discussion and potential trade ideas that may be better or more effective than what I have suggested.
  17. One interesting thing is the last time we have a major correction on a world stage was during the credit crunch / financial crisis which is now over 10 years ago. Will Brexit create a similar outcome next year? If so then Asian markets may offer more resilience than UK / European markets.
  18. @PandaFace, I agree. I there are only a few who will post and write their opinions and thoughts on matters. I think the key is not to be scared to write what you think as long as it is written in a professional and polite way. There is a lot of knowledge and experience that can be shared with the IG Community which not only benefits IG's clients but ultimately benefits IG through increase of trades and investments.
  19. I agree with @JamesIG, that with school holidays around the corner, awesome weather and World Cup football with England still in the competition means that July could be a quieter month which would be understandable. I also agree that it does seem there is passive viewership. Also it needs to be clear what the purpose of the IG Community is? From IG's perspective it has to lead to higher quantity of trades on the platform. From IG's clients perspective it has to increase knowledge and enhance the understanding of trading / investing principles / strategies.
  20. I believe there has been analysis on the correlation between a rising Copper price and the increase in GDP and rising world index markets. It is not necessarily always the case that a falling Copper price has meant recessionary behaviour. I am sure there is lots of research and articles on the Internet. The key is establishing which are credible sources and taking it from there. However, I think it would be prudent for one to keep a small eye on the Copper price behaviour. If it continues to decline and so too do equities around the world then I would not worry about historical correlation. There are times when fundamentals meet technicals and historical correlation cannot always be effective in testing any assumptions one may have based on past performance.
  21. @Caseynotes, thanks for sharing this. Interesting. I think Market Makers play a very important role (I have to be careful what I write) especially on more illiquid markets like AIM and especially NEX.
  22. @JamesIG, Copper's recent price action is worrying for world stock markets. I am someone who monitors my investment trusts / investment funds portfolio on a daily basis and I have noticed a drop in my profits over the past week which are more significant than usual. Copper is a good indicator of the general health of the world economy and especially economies like China and the US. It is a barometer that can be used to indicate strength in economic growth especially in construction and manufacturing. They call it Dr.Copper for a reason! For anyone with large equity portfolios then I would strongly suggest they keep an eye on the price action of Copper. Historically, it has been a useful indicator for things to come in relation to the performance of equities.
  23. The £20m raise could give an opportunity to the early investors to exit quickly with a profit. I am always weary of IPO's. As someone who invests in start up businesses, one of the main routes to exit for liquidity purposes is an IPO. That presents a liquidity event which enable investors like me to exit and for someone else to hold the shares and take on the risk. I cannot see institutional funds/money buying this stock so therefore it could get pumped up by speculators and then may present an excellent shorting opportunity. For example which investment trust, OEIC or unit trust would buy this stock? The obvious answer is technology funds but even they have strict criteria as they have performance targets to meet and strong risk management in place.
  24. Would the Financial Times really bother with a Cryptocurrency section if there was not some substance behind Cryptocurrencies and the technology underpinning them - Blockchain? https://www.ft.com/cryptocurrencies