We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Mb, if you made money well done. But your posts aren't coming across the way you think they are and aren't doing you any favours. It feels like you're having a go at holders, not sure why you would do this?
@JAMESY1980 You seems obvious you seem to be a little unhealthily concerned about my by in price of 45p... you seem to want to suggest I missed out.
By that same token you should be very concerned about the other ARB holders by in prices... why don't you do a little survey so you can compare them to appease your consternation. AS you correctly pointed out I missed out on 5.5% of the rise back to a figure 3.39p and hopefully beyond. Like I said before buying near the perceived SP bottom is good enough and that is what I did. So what is your point then in the grand scheme of things? Maybe you can give some of your precious advice to many of the LTHs here that are so far underwater, because their by in prices were much higher that 45p. You are welcome :)
Mr B, well done you… you are clearly visionary. Arb was above £2.80 for a small part of a single trading day so I am not sure why you keep referencing this one spike?. 16p is 5.5% of £2.90, but what does that tell me or you?I
I shall be sure to remortgage my properties if bitcoin hits $25.5k based on your advice. :)
@JAMESY1980. By the way I sold my entire ARB holding at 120p a good few months ago before buying back in last Tuesday 9 August.
Another percentage question for you Jamesy1980
So I missed out a a 16p rise from 28.44 to 45p.
28.44p up to 45p = 16p difference.?339p down to 49p (current SP) = 290p difference.
What percentage is of 290p is 16p? Thank you in advance.
The bull market is still not completely confirmed that is true and for that reason I may sell out at a small profit early next week. BTC did not breach the $25.5k that it needed to, but it is achieving higher lows and momentum seems to be gathering pace.
I point you to this article here…
https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-bulls-might-be-giving-up-soon-20220813/
There are probably similar kind of articles countering this, but it is worth bearing in mind.
My apologies, phone went off in my pocket.
It’s
Yeah not sure calling holders mugs is the right way to go about things. Presumably anyone holding thinks the price will recover in time. if they later sell at a profit then it doesn't really matter what the price did during the hold. There's also a massive difference between live trading and hindsight trading. Hint: hindsight trading is not profitable.
Mr B. Not sure suggesting that label for LTHs who have lost a lot has much more class… So you purchased on Tuesday, but declared this to the board on Friday night, after a further 10% rise? You were certain this stock had turned the downtrend after a 56% rise from the bottom on Tuesday, but on Thursday stated Bitcoin would need to hit $25.5k to confirm bull market?
Comparing your buy-in price to the ATH isn’t always a good idea. On that basis I would look like a genius as I love a potential recovery stock. This game is all about purchase price vs sale price. You haven’t made or lost a penny until you sell.
On a positive note Bitcoin does seem to be consolidating comfortably over $24k which hopefully bodes well for the week ahead. GLA
@JAMESY1980. Good luck to you sir.
When I used the word 'mug' I wasn't referring to you personally so don't be offended. It was aimed at Arb holders in general and those specifically who held all the way down from 200p+ to 49p.
I bought in at 45-47p last Tuesday.
When it comes to percentages I think about this.
28.44p up to 45p = 16p difference.
339p down to 49p (current SP) = 290p difference.
I think I know what percentage I like the most.
Not sure my post inferred you were a mug, but I would question your ability to calculate percentages. Pleased that you are on board and also that you are clearly bullish on bitcoin, but please refrain from name calling. Good luck.
Sorry the post below was in reply to JAMESY1980's post at 8.25am.
"I would point out that we are almost 70% up from rock bottom which is a fair old whack to miss out on"
Better to wait for confirmation of trend reversals before plunging in or out. Thats merely my opinion.
bottom which is a fair old whack to miss out on" It is actually closer to 60%.
However having a casually glance through the posts over the last 2 weeks it would seem that most peoples averages here are roughly 80, 90, 100p+ and some are over 200p+ - so I take ta look at that and I feel better already.
For them they would need the current SP to double from here just to break even.
And to break the ATH from spring last year the SP would need to rise 7 times more that it is now.
How many people bought in for the first time at the 2022 SP low of 28.44p? Very few I would guess. A few would have topped up but very few newbies buying in for the first time. Anybody who said they sold at the peak of approx 339p and managed to buy back again at 28.44p is a liar. To sell 'near' to the top and buy back near to the bottom is a decent enough target to aim for - and that has been my strategy, and that has meant my new SP average is a lot lower that most on here. So at the end of the day you just have to look at yourself in the mirror and ask "Who's the mug now?"
"‘No point holding all the way through a downtrend’ I would point out that we are almost 70% up from rock bottom which is a fair old whack to miss out on to confirm the ‘downtrend has reversed’ "
Some of the other miners have 2 X or 3X from their lows. I wouldn't say everyone
is fully confident yet that all of the recent gains will be held on too in the near term.
Misterbeck, well done for your purchase I think we have a lot of headroom with many potential upward forces beyond bitcoin movement. In terms of your claim that there is ‘No point holding all the way through a downtrend’ I would point out that we are almost 70% up from rock bottom which is a fair old whack to miss out on to confirm the ‘downtrend has reversed’!
Market looking good. I can't dismiss the last bear markets had 4/5 'steps down' and this one has had only two so far.
Amazing how quiet it gets when the price starts to rise a little bit. Watch how the hornets fly in on the back of this post if they dare, they’ll not be able to resist…..
Good luck to, and well done those who are holding/adding.
Bought back in on Tuesday after it seemed certain the downtrend has now been reversed. Good to be flexible even if my previous prediction was wrong. None of the TAs or so called experts were able to predict 100% correctly + No point in falling in love with a stock and stubbornly holding at the start and all the way through a downtrend.
Oh heck not beck!!
Mister billybull****terbeck?
misterbeck
Price: 35.20
RE: Arbk down 11.37%14 Jun 2022 21:53
im a buyer with btc at $13k. ARB looking way over-priced right now.
-------
"BWTFDIK" - be quiet.
Very happy the tides are turning for everyone, risk on seems to be gradually gaining momentum.
BTC needs to close above $25500 to confirm bullish breakout. Next resistance $29k. Looks likely to happen soon BWTFDIK
I’m not too much lower than yourself. 69.6p (70p) is my average. Onwards and upwards
Let's hope this continue, because my average is 77p.