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Good work teawith and monkey. On a week like this humour is essential!
Mines a Guinness and a packet of pork scratchings Monk
I'll put this tune on the juke box if you dont mind
https://m.youtube.com/watch?v=hRGIrrjuLYA
i'll join you Monkfish. A pint of Amstel and a pack of crisps please. We'll have a nice cold pint, and wait for this all to blow over.
I’m off to the Winchester!
Nop! Not bearish... looking good on what I see.
Nop! Not bearish... looking good on what I see.
Racing. Bitcoin is currently 49,700. The chart looks very bearish. I dont think I will be able to add below 2.83 pence! I hope not anyway. I think the mkts look bearish to me after a huge rally. Interest rates will have to rally as inflation pushes to a 13 year high. Indian covid is a danger and indices are 40% higher than a year ago. Hedge funds have been selling out heavily. All stocks. Meanwhile retail punters have piled into the mkts. Many on margin. One guy admitted he was 150 grand down on chasing stuff at the highs. Ouch.
So yes I am bearish of the mkts in general. Not just Arb.
Peter hi
What gives you that idea pls? I am no chartist but BTC looks to be bouncing off $50k pretty well now and hasn't been near the $46k since the tweet itself? Looking pretty strong to me actually.
I agree that if BTC were to fall below $40k we would fall but there seems little evidence for that happening now unless I am missing something?
So contrary to your 85p I see ARB having bottomed out and we should rise from here, which I am sure will please you?Unless of course you are hoping for lower to get back in / top up?
NATNRG .......I see Arb down to 85/90p with a potential low of 75p. That is still a long way from the year lows. Bitcoin hit just over $46K today and may now be headed down.
If BTC falls below 40K then down we go heavily. Look at this as a long term 5 year stock. It always swings around violently
Poptimist - Thank you for your comment earlier today - this forum is too much at times.
I was with you all on the ride for early 2020 and have watched my riches turn to rags in the last 3 months.
What I genuinely wanted to avoid has happened here, i would have been much happier with a smarter, slower growth from sub 6p to £1.25 (as it today) than watch rocket to £3.00 and drop hard. Decent gains drop to mediocre ones in a short space of time.
The problem is i have "tasted" the £3.00 mark (dont get me wrong, sold 50% of my holdings in the Fomo phase) and want that back.
I was also lulled into a false sense of security and re-purchases a couple of thousand at the pimary bid dilution.
Albert82 see you on 8th August post the July figures - Better known as Shiraz day
My prediction: Interest rates are not going up. From the Fed to the IMF, their fear is a lack of inflation because they think it will be transitory. Perhaps that is why
tech futures are up and SPX / DJ are both negative. European indices lack tech. Inflation is bad for tech. Something doesn’t add up - I bought a lot more ARB this morning to average down. Happy to buy the fear... I think a rabbit will be pulled out of a hat. The US needs tech more than ever, especially with pipelines being compromised. They cannot let tech companies fail. Just my humble opinion of course...
Yes..I bought some at 2.83p. Long termers on here had a frustrating time as the stock never seemed to go up even when bitcoin had a bit of a rally. I suspect many of us from a few years ago are sitting on a freeroll having cashed in plenty at up to about 2.80p.
Personally I am bearish short term on bitcoin and Arb and think we will see a heavy fall. As mkts fall and interest rates move up. The next big rally to 100K will come but in a year or two. I dont mind waiting and we will see a big rally at some stage. ARB did well to raise a lot of new cash at 200p and so on......the directors sold a load and that was a sign of their view.
Below 50K now for bitcoin ....stocks and crypto go down as well as up.
Many of we long term holders post IPO days remember full well the anxiety and dread when SP fell 2.70p. Let that sink in. The know all FUD gangs all piled in with their spite and venom. Indeed apparent glee at investors losses, (on paper). Their greatest joy was reserved for the time, March 18, 2020, I believe, the SP hit a low of 2.7p. Now these obnoxious, legendary experts are salivating and rampant in their nastiness with the current level. Crowing the bull run for btc is over, Musk a genius, (too fond of powder cola my guess) and anyone here invested in ARB are utter fools. Even though probably far richer than these FUD morons. Time alone is and always was the arbiter. If I were to have a stab at what is to come I'd go for ARB's green credentials taking them to the top of the mining hierarchy. Still, WTFDIK other than that FUD spreaders are full of excrement to spread. Nothing more. GLA. Bitcoin has a long way to go yet. Upwards again ere long I suspect. With or without Musk.
Hi Albert. Haha. Good for you. :)
It's too late for me. I already have one of each. This morning I gave my Aston DBS a big kiss. And my Tesla X a big kick!
No comparison. The Aston is far more fun to drive and they don't have a to55er running their business whose tweets control world markets. At some point he'll get his comeuppance.
Haha. I wish I could switch off!!
I promised myself I wouldn't check the SP today - which I broke in just over an hour!! :(
I pride myself having fairly strong will power but still find it impossible not to check. So full credit to anyone with who can switch off for a day, let alone a few weeks. Since February this really has been an unpleasant ride to the moon, and I definitely have a bad case of 'travel' sickness. BUT I am still not selling. I'm calling it dogged determination, which appears to be stronger than my will power!! Good luck all.
:)
I've been charting the weather and it was obvious that once the sunshine rose above the 50dma level, the chart was forming an umbrella shape!
Andy, you say that, but I've been gardening for 2 days in the sunshine and today I'm playing golf in the pouring rain! Timing is everything.
Texas still in the future ..Pluto ..nothing has changed for Argo..just a crazy market right now. Switching off and Holding on for the long term gains is a no brainer..a storm always blows over in the end to show the sun..and it’s nearly the weekend! Have a good day all.
BodRuncie, we shouldn't let silly things like facts get in the way of a good scare story!
However, true story, I had a test drive booked tomorrow and I've just cancelled it. Why? It's a Tesla. I'm now thinking about a cheeky little V8 gas guzzling Aston Martin.
I agree, Albert. This reminds me of when PIs were panic selling at 3p and 4p, or at 60p after the first big retracement.
The company is in a better position than ever before, green blockchain technology, control of its own data centres, sweet front-of-the-queue deals with kit manufacturers, increasing hashrate on the horizon, potential uplisting in the US, funds accumulating.
There is only upside from here. If you already hodl shares, the only thing required now is patience.
Once this storm in a teacup blows over and the trolls have effed off.
I've no doubt Pearls will be still be hanging around like a stale fart, but at least we know he's consistent.
Good luck Argonauts