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There is a huge tussle going on twixt the USA and China for global financial power and dominance. All else stems from this. The damage being wreaked on all of us is just beginning. In previous such fights gold was the place people who could and had the money, fled. In the modern day bitcoin is open to virtually everybody. Hence the POSSIBILITY bitcoin and associated businesses, such as ARB, will do exceptionally well. I suggest the Chinese Dictators cracked down on bitcoin in China for this very reason. Plus the gangsters in the US Government seeking to do similar.
You’re right Chuz. New Cold War is coming soon (ish).
@musicman
"many are looking at the world and thinking with so much going wrong is it all an accident?? fail to see how we are getting pulled into all this,,,, deliberate financial vandalism some might say... let's hope ARB do well"
That's so. Conspiracy theorist :) but if we were to think ong those lines then I would say things are gearing up to slow or stop china's progression as the world's leading nation.
There seems to be alot of manovering and realignment happening between nations.. New cold War.
I say £3 tongue in cheek , but remember the 2008
Credit crunch witnessed the birth of crypto
so if there is another and people are out of pocket /properties again …. as you say anything is possible
GLA
@s4ndmod
"With financial Armageddon possibly beginning on Thursday (If Evergrande ) fails to make a repayment to at least two of its creditors ( the banks have all but given up getting their money back ) the crash that is sparked off could cause massive ramifications throughout the worlds banking system.
Crypto has never been more tempting!
I am in ( just £5k ) but this could be the catalyst to shift the world of crypto front and centre of everyday life "
Thats maybe a hypothetical possibility but I'm not sure it's very likely, I also think if the scenario played out then you would see a significant amount of mo ey drained from the financial system. Argo is listed in fiat.. The risk adversion would cover all fiat so argo would plummet.
Holding btc directly might be a saving grace but we are too early in the game for that, a that would happen would be a massive sell off whilst the big boys sat on fiat ready to take advantage of it.
Think back to the big financial crash we had, fiat was sucked out but other safe havens didn't go up proportionally, I. E. Gold didn't go up by the amount that was liquidated, it sat as fiat in capital preservation mode ready for the time to respend.
You could argue that the quantative easing that followed has caused significant asset inflation (housing, crypto, commodities etc) but that again was the pump in of fiat to counter act the didsaperance of fiat.
I just want Thursday to come and go so we all know where we stand.
Krautyankee says “ S4ndmod: you urgently need to get back on your meds.“
Well if you miss the boat on this one Krauty you will definitely be upping your order Temazepam pal !
Oh dear!!! You honestly believe that if the entire financial market crashes that all of a sudden our share price will rocket, im afraid the current world we live in is fiat based at present and a giant financial crash effects everyone on the planet, but you honestly believe they'll be this huge group of ii,s and pi's who won't be affected and think to themselves, let's pump all our cash into Argo blockchain.....I for one hope it all gets sorted without a chaotic crash and we build slow and steady in a sustainable manner
£3 in a week seems unlikely but anything is possible.
Cipher Mining has a market cap of $3bil, and I think Argo is a better company. If the market valued us the same after IPO we'd be much more than £3 a share.
Do I think it will happen in a week - no - but would love to be wrong. It's difficult with all this Evergrande stuff going on just at the wrong time.
S4ndmod: you urgently need to get back on your meds.
With financial Armageddon possibly beginning on Thursday (If Evergrande ) fails to make a repayment to at least two of its creditors ( the banks have all but given up getting their money back ) the crash that is sparked off could cause massive ramifications throughout the worlds banking system.
Crypto has never been more tempting!
I am in ( just £5k ) but this could be the catalyst to shift the world of crypto front and centre of everyday life .
GLA