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@lunq
Fair comment.
I was just following up on my comments from a month ago.
I would never offer advise to buy, sell, or hold. I merely give my thoughts to balance out the "this is only going one way" commentary. From countless examples, this can be very dangerous advice and can lead to people to losing huge amounts of money. I don't want to see other people suffer the fall out from the financial damage this can cause.
I got burned early in my investing career, learnt painful lessons and had time to recover. An educated and professional friend of mine who had "blind faith" in a share (against all my protestations) and influenced his partner and friends to invest and hold too, has ruined retirement plans, lost houses, broken relationships.
And to keep limpalong happy, NOTHING IS A DEAD CERT! ;-)
Unfortunately it appears that Elon Musk is derailing any near-term upside for BTC, which as I type is 12% down in the last 24 hours. Jeez, one tweet from a CEO from a loss making company being given this much influence on the markets is a shocking insight in to how fickle (manipulated?) the crypto markets are.
And to clarify about loss making. In the US 11 states have regulations that oblige car makers to sell a certain % of zero-emission vehicles by 2025. If they don't meet that, then they have to buy credits from manufacturers that do meet the requirement. Tesla received $1.6 billion in regulatory credits last year which far outweighed Tesla's net income of $721 million from actual car sales -- meaning Tesla would have otherwise posted a net loss in 2020.
History guides me to believe that with crypto, all you do is buy and hold. Easy.
Basher, agree that history can sometimes help guide us forward, but my point was that if Argo was at say 300p, you not be posting your comment today.
It’s also useful to factor in multiple timeframes when comparing SP performance. Big difference when comparing on 1 day, 1 week, 1 month or 1 year timeframes.
@lunq
Looking back and learning from the past certainly and then applying that knowledge to consider potential future events certainly is. Hey ho. I am not here to win any bb battles or start a debate, just offering food for thought. Take it or leave it. Good luck y'all with your investing and trading.
Car accident for my name, dread to think yours (don’t forget the caps lock!)
Hindsight is a wonderful thing I guess
@limpalong
... or from someone called "Limpalong"! Very funny!
I'm quite happy with my 300% return on my pension over the last 12-months, which I will be needing soon as a seasoned old investor :-)
Ok thanks for the sage warning from a seasoned pro, the use of caps lock always helps so well done there also....
God help us all if we start taking advice from someone called TheBasher!
I'm just making a point that it is sensible to at least listen to and entertain a contrary viewpoint.
My posts from 19th April (below) attempted to highlight the point that bubbles can and will always form and burst. Just take a look at a daily chart for any tech index between 1990 and 2010 to see a beautiful shaped spike in relation to the tech bubble. Yes, some people became very rich during the ascension, but many became very poor during the descent. The time to invest for massive gains in many digital currencies was prior to Q4 2020 - I have friends, who are digi savvy and importantly understood crypto, who have made 100s x their original investments, several becoming millionaires - it's those types of stories that are fueling the retail interest and boom (and bust?) in certain crypto.
Of course, there are still opportunities and crypto is likely here for the long run, but enter with caution. Do some basic research into crypto, which tech is emerging in terms of industry standard, which currency or tokens are primarily in the open market and not the majority held by employees who, after a significant (orchestrated?) rise, can dump nearly the entire currency... YOU HAVE BEEN WARNED!
And no, I'm not a crypto denier - I'm about to take the plunge, but only now having made a significant effort to become informed.
TheBasher
Price: 142.50
RE: Pop goes the bubble19 Apr 2021 23:42
@alphaomega
Glad you liked it.
Just a counter view to yours to help newbies not get drawn in by the complete 8ollocks of the ramping of a spiking share.
But maybe you are right.... those who bought at 280 must be very grateful for the views of those saying it can only go one way...
TheBasher
Posted in: ARB
Price: 142.50
Pop goes the bubble19 Apr 2021 23:12
So predictable.
Starting to look interesting again the closer it gets to £1. I missed it first time around (was watching but funds tied up elsewhere) and deliberately didn't chase the spike. One thing I've learnt over the years: always let the share price come to you, not the other way around... that way you don't get impaled on the spike.