The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Some very large late reported trades just printed.
BTC moved now to over 61000, I remember when BTC was at 35000 we were over this price... think we should recover in coming weeks to over 250
Yep get your point.. lets see how next week goes. All the best
Thanks Markp - I think your fear should be allayed though as unless some dodgy insider trading is going, if there is some real reason and no-one knows it then it can't affect the share price...as no-one knows it!
Thanks Hexam this makes sense, also it is not like anything most of us have ever experienced in a share (up or down) compounding the effect you describe. My fear is that there is a reason and we just dont know it yet..
Hexam I totally agree mate because there is no reason for this as yet untill there is I think mms have manipulated this and caused absolute panic
"So what market dynamics drive a more than 30% drop in a week for no clear reason?".
I think that it is exactly because there is no clear reason that it is likely to be market dynamics - it's all that's left if there is no actual real, major and relevant news that explains the drop (and I don't think Turkey is that news - it's like me boycotting the local supermarket).
I'm not convinced it is all, or even mostly, manipulation. I think it is more likely that PIs are impatient and/or nervous and are simply jumping ship to try and search elsewhere for the next pot of gold or are just trying to protect what they have. This then creates a snowball effect until eventually the fundamentals win through (or some real news actually does appear).
I suspect this share has a higher proportion of PIs than most and a higher proportion of inexperienced investors and investors that are not well diversified (as I'm guessing there are a lot of fans of Crypto here rather than of investing generally). Could be wrong but if not then this just increases the size and speed of the snowball.
So IMO it is as many people are saying just a case of being patient though that can be hard staring at the SP especially if overexposed. Just think why you invested in the first place and whether anything other than the SP has changed since.
Although ARB was trending lower the last two months its highs and lows and general ups and down in price correlated perfectly with those of BTC right up until last Friday. Then on Monday, something changed. Cryptos broke out to the upside and the miners were hammered. This is illogical and to my mind suggest at least a degree of enemy action and I will not be convinced otherwise.
So what market dynamics drive a more than 30% drop in a week for no clear reason?
C45 edge
I feel there is definitely something very spooky going on here ..
A big institute is going to make some serious Paper here as we say on the street ...
Nothing adds up , but this Stock is being shorted , or manipulated to the highest degree ...
The holders like myself wont be spoofed ... and we will join the party ..
Yet I don't judge , every one on here has their own circumstances financially and commitments ,hence its isn't about BULLS , its about responsibilities ...
I wish you all every success , weather you hold or let go ...
What I do know at a seconds notice this is going to pop like a jack in the box ...
My prediction BTC will head back up to 63 k this afternoon ...
Or money moving to coin base and the new NTF. Also possibly ARB true level to BTC. Price well below some of my purchase but in for the long run so a slow riser over months will do just fine.
Why is when Argo rises 1000% against bitcoin's 100% that is seen as understandable but when Arb falls it's manipulation? So many idiots on here who simply expect to make easy money with zero understanding of the stock market.
This is the biggest joke if I’d ever seen one! BTC rising like mad and this dropping like mad!
Another XRP example playing out here! Scare the small investors into selling and let the II’s buy at cheap prices then raise the price as if nothing ever happened!
Mark my words!