Bitcoin Delight

[AlbertaFarmer5]

That makes almost as much sense as taxing cow farts in the name of fixing the weather.

Considering how many people fell for that hoax, I'm sure there will be many takers for a fart coin.

[shtferbrains]

How does the price performance of Fartcoin compare against its peers?


With a price increase of 166.30% in the last 7 days, Fartcoin (FARTCOIN) is outperforming the global cryptocurrency market ([url]https://www.coingecko.com/en/global-charts[/url]) which is up 4.10%, while outperforming when compared to similar Meme ([url]https://www.coingecko.com/en/categories/meme-token[/url]) cryptocurrencies which are up 1.20%.

[fjlip]

Oh dear ...Time names Trump Person of the year....Head explode yet?

[foragefarmer]

44 years ago Dec 12/1980, Apple went public at $22.00/share, a $10,000.00 investment at that time would now be worth $32.7 million.

Five stock splits within that time frame and a return of 20% on an annualize basis,while the S&P 500 is 12%.

Since launching the IPhone in 2007 it's year over year return has averaged 24%, whereas the S&P 500's is 10%.

Warren Buffet purchased $40 billion from 2016-2018, at the end of last year it was worth $174.3 billion.

Buffet sold 2/3 of his postion since, but still owns 300 million shares of apple worth $74 Billion.

I'll follow Buffet's advice regarding Cryptocurrency investing, and let the sophisticated investors on Agriville make their millions on it.

[biglentil]

I would not recommend buying Fartcoin or Bitcoin at this point the crypto market is getting beyond silly. I'm lightening up on Bitcoin.

Skate to where the puck is going not where it's been also applies to investing. One sector that I have followed for a very long time that is way undervalued is the junior minor sector considering gold is nearly touching $4000cad and the majors are earning profit hand over fist. One particular interesting play is a Canadian junior trading under the symbol PAU Provence Gold Corp. They just released results of their 1st core hole and its a boomer arguably the best hole of any junior in the world for 2024. Provenance Gold Drills 3.07 g/t Gold over 175.26m Including 21.7 g/t Gold over 6.10m at Eldorado.

2 more holes are pending that will perhaps be even higher grade, also bulk assay which historically has brought grade up around 50%. In my opinion this property will one day be a tier one deposit and should be multi dollars in 2025. Tucking away a few shares into your TFSA is not a bad idea.

Here is a video from prior to the recent results:

[foragefarmer]

You must be sitting on some warrants.

[biglentil]

No I wish missed the private placement, been in many others. The warrant overhang and the fact that we are in tax loss season is holding the share price down for the meantime, providing an opportunity for newcomers. I wouldn't post this if I didn't think it would be a good entry point, now derisked with the spectacular results that begin at surface (strip ratio non existant on an open pit). With the latest results plugged into ChatGPT I got a fmv of $300-400million usd, current fully diluted the mkt cap is $59m, but with every investment always do your own due diligence.

There is an existing 2 million ounce non 43-101 compliant resource estimate this latest hole at minimum would double that. With the bulking of the samples and the next 2 cores that should rise well beyond a 5 million ounce open pittable deposit with inexpensive gravity/flotation extraction. Better yet this isn't Northern Alaska or Mali or something. Typical buy out price by majors is in the $300 per ounce territory.

[farmaholic]

I know of a couple people who lost their early investment in a B.C. gold play. Apparently alot of what I will call "staging" when the investors were given tours of the mine.

Some people can afford to lose their capital more than others.
Funny how people like to brag up their wins and bury their losses.

Hindsight Investing:

I just wish I WOULD have bought all the farmland I could have in 2010... I've heard someone say, "invest in what you know". Anecdotal!

[biglentil]

Farmland was great investment in 08 at $800 an acre and $14 canola. Farmland at $5000+, $13 canola and sky high inputs. Not so much. Every dog has its day. Buy when the sector is hated and sell when your shoe shiner is bullish.

[biglentil]

Let's look at the GDXJ an ETF that's made up of a basket of junior gold miners. Its trading at July 2016 levels when gold was half of its current spot price. Have to wonder if this sector is like buying farmland in 08 and on the verge of a revaluation higher.

[biglentil]

Just 2 more charts for you to ponder. Merry Christmas!

[farmaholic]

My fortpolio is crippled and probably should have been vaccinated.