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Or a ranch!
Not reflected in the market capitalisation, YET.
I can buy a farm when the market catches up.
WolfofWarks, I think buying a farm is a great idea, but farms are expensive and need employees, plant and investment. WB can do that. I can’t.
Never mind that “Bitcoin in itself doesn’t generate cash”. Mercedes cars don’t generate cash. Neither do Mars Bars”. The point is, that ARB generates something that is worth something, that other people buy, at a price that allows ARB to be profitable and cash flow positive on a minute by minute basis. The growth potential is huge, but is not reflected in the market capitalisation,
Bitcoin in itself doesn’t generate cash, like gold. His point is that in these commodity type assets that you are dependant on someone else paying a higher price in order to realise your profit.
If you’re interested there’s quite a good video on YouTube where he talks about buying a farm in the 70’s and stock market type folk thought he was mad. But he could earn an income from the land, etc.
Arb is generating cash, even if it’s via bitcoin, and as revenue increases so will the share price.
Blubay - Buffett invests in revenue generating assets that create cash.
His theory is to never buy assets that are dependent on someone paying more than you did for it. So he stays away from commodities, crypto, etc.
Personally think you will see your buy in as a bargain in the future but it’s the old mantra of patience, If it’s of any comfort think I bought some at £2.80 but have a very low average - I’d be amazed if we didn’t go way past that SP at some point. Time will tell I guess GL going forwards.
China can go **** themselves
$33k up
@misterbeck - “ just holding or hodling at a certain buy-in price is quite simply a ridiculous strategy... ”
Seemed to work OK for Warren Buffet ??
Cheers Herdie, it’s in there now and I’ve no intention of taking it out so it’s either **** or bust! Be very surprised if it was bust. Think I got caught out with the hype around it.
I like the company, that’s why I bought in but definitely paid way too much. Never mind :)
or a “bigger fool” to sell so you can buy.
Fireant, it was hard for me to sell, even with my distrust of Gati, but buying more ARB swung it.
But I will add, at no point did I diss PERE to get a better entry, or ramp it to get a better exit. In fact, I seem to recall posting that I intended to check out.
As you say. Too many low life around.
Fireant, I was buying PERE all last summer at 3-4p, very happy with the asset, but increasingly suspicious of Gati. Why not give meaningful reporting, unless you are hiding stuff? Top sliced at 9p but decided to sell with the “going public” RNS. Just Gati and chums pigging out imho. Sold my last 500k today, which paid for most of my arb trade. Kicking myself because I turned down the £20k worth I was offered at 118.7p. Should have thought about that for a second more.
Thanks for the advice. I try to resist the troll appellation, but, as you point out, they are legion.
Of note is that this tumbled to 95p when BTC went to $30k the first time, yet having nipped under $29k today, the low print here today was 110p.
There'll be a reason for that - II support.
Every Retail investors quotes I've seen it before bla bla. They know diddly, bottom line investing is about initial strategy and building stock in an investment that you believe will show a return in 1, 2 5 10 years but none the less when opportunities arise above your sp band you secure and when it dips below you buy, anything under £1.80 for Arho currently is buy and hold anything over £2.50 you secure a % manage ! Argo is a stock that will provide huge uplift year on year
I agree FireAnt... just holding or hodling at a certain buy-in price is quite simply a ridiculous strategy... pretending to be cool, and not bothered, whilst nervously watching all your investment eroding away. Thats not for me. Patience is not always rewarded in this game I can promise you.
Some stocks never bounce back and become penny shares, especially after repetitive dilutions. seen it happen many times...
o well it wont load lol
This guy knows better https://memegenerator.net/instance/52141230/joker-mind-loss-i-can-assure-you-no-one-gives-a-flying-****
This chap uses a similar strategy
https://www.kitco.com/news/2021-06-21/Bitcoin-price-falls-15k-can-be-retested-before-new-highs-are-breached-says-trader.html
Not at all. I still believe that BTC and the SP are heading south.
As I have mentioned many times before I buy in tranches.
I pointed out in one of my posts earlier today that $28k and $30k were the 'accumulation' levels
And so I stuck to my strategy and purchased a tranche below $30k.
I have a strategy where I will buy in tranches all the way down to $24k. Capice?
Herdie
“ Oh misterbeck is one of my green boxes - let me guess he put the share down all day and then managed to buy at the bottom ? That’s his normal mo !”
Correct. Another spiv.
You aren’t lying about your trades.
“South is where it will go”. “Backwards and downwards from here”. Oh, then buy in.
You just talk your own book, like the other trolls.
Lol