The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The problem with your logic is that Peter ended up with more shares than he started with
Tell you what, let's have a word with Mr. Musk. Sherbcoin could be the new currency for Mars methinks.
Really interesting reply, CoinCollector. V interesting macro take on ARB
Bobblicious :D
SherBIT coin! Can we make that happen? XD
Yes there is a strong correlation between ARB & BTC 'values', but daily the fluctuations of BTC really should not equate to daily correlations in our SP, in my opinion - BTC is known to be volatile and has quite a wide daily/weekly trading-range, esp at the minute.
I think those of us who are here for the right reasons probably consider BTC to be in some sort of 'Bull-run price-discovery mode', and there are some very big numbers being put out by fairly influential people / establishments.
Major mainstream players are now buying into BTC as an investment and in accepting payments/developing infrastructure.
The reason I don't think ARB's SP should wobble-around in total unison with BTC is that our fundamentals do not change to the negative when BTC does (not at a 1:1 ratio, anyway); we remain profitable at a comparatively low BTC price (c$11,000 iirc, but that might be subject to change with recent developments), we HODL BTC and other assets, so could get through lean-months if needed (don't see any of them on the horizon, but who knows), we're very well-run, and have clear expansion plans which include building design, green-energy and guaranteed supply of equipment which we are going to assist in developing.
AND there are several times now that Peter W has used the phrase 'Blockchain technology Company' - he does not refer to Argo solely as a BTC miner.
Apparently I'm rampy.
I'm definitely enthusiastic.
If I see anything negative I'll call it out, but I honestly can't think of a better-run company.
CC
One day fiat will be completely replaced by Crypto and Sherbet Flying Saucers.
:D :D :D ;)
OK Adele.. sorry i mean Keyser
True. will be an interesting day tomorrow. Plenty of action and drama from MM
With all the FUD being spread and the current dumpathon, that might sound logical - your choice, of course. But I know that institutions make a lot of money doing the opposite to the herd.
As the retail folks get jittery these whales are gobbling up Bitcoin at an accelerating pace, spending more and more, incorporating it into their balance sheets - as predicted by some brilliant macroeconomists well in advance of this move.
If someone out there wants to push me out of crypto, good luck! I’ll go all Keyser Soze on them before they get me out as they want me to. I’ll ride this down to zero, I don’t care. DeFi all the way. For financial freedom. For the people. Central banks will not rule me the way they want to, so as far as I’m concerned they can just pipe down and let the people decide their own futures thank you. I will not have a bunch of old bureaucrats telling me that Bitcoin is too volatile (compared to penny stocks or naked short selling?), or that it has no value (unlike bits of plastic-coated paper backed by nothing?). Where are my penny stock volatility warnings?? It’s all politically driven nonsense.
I’ll show them a Ponzi scheme! Here, look at this £10 note. I used to have so much purchasing power when I was an ickle kid buying my umpteen sherbet flying saucers. Now I’m happy to pick up a few multipacks of choc’s and a few cans of carbonated sugar water.
So I’ll show them what will really is. HODL HODL HODL... because tonight, Matthew, I’m going to be Keyser Soze.
Not if people hodl and hold their shares
BTC not looking good. Could be bloodbath tomorrow for arb.
Another opportunity for me to get cheap shares. Amazing once again
With BTC @$47k and sinking this could drop