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How can you feel so negative because of a drop in SP and BTC? You believe in Bitcoin? If you do then why the negativity? If you don’t, why invest in Argo? Baffling to me, these knee jerk positive and then negative swings on this forum.
Dear Mystery and NE
We have all been there. I am new to this stock and am also showing a paper loss at the moment. But I am unconcerned because I believe the company fundamentals are strong, the CEO appears very competent and BTC / crypto momentum is getting going into the mainstream. There are many de-rampers who can unnerve. And I suspect lockdown means we all look at the SP more than we should. But before you do anything reckless tomorrow, maybe ask yourselves a few questions (I posted something similar earlier but this is perhaps a little more thorough):
1. Is the macro BTC sentiment positive? ie is it becoming more mainstream?
2. Is supply of BTC fixed? Are 88% of all BTCs already in circulation? What must this mean for price if demand rises?
3. Is ARB profitable at $9k BTC? Is it v profitable at $30k? What about $50k?!
4. Is margin above 70% in Jan and set to stay in that area? Are results due next week?
5. Is ARB debt free and funded for 2021?
6. Is the ARB market cap very low compared to the competition? ie lots of upside potential. Is there talk of a nasdaq listing?
7. Are IIs starting to take positions in ARB?
8. Is fiat currency being devalued? Will QE continue under a Biden admin?
9. Has Covid lockdown fast-tracked digital behaviours and could BTC be one example? Is there a major BTC conference next week for corporations and will this increase demand?
10. Does lockdown mean everything is heightened and we perhaps lose patience too easily?
If you are answering probably or yes to many of the above, then this stock may have something for you. Nothing goes straight up, definitely not in this space.
I am trying to learn to enjoy the ride, sit back and look at things on a quarterly basis. Easier said than done, but looking at a flyer after you have sold out is maybe even more painful. It is not for me to give advice but sometimes a moment of reflection can be useful.
ATB in whatever you decide to do.
RC
Try not to worry about daily or even weekly movements. BTC is very volatile in both directions.
I think that all miners will have times of being multiples up over the coming 12 months, and that ARB is well placed to perform better than most of them.
I would try to keep some money for further dips - this is a possibility. If it does then try to see this as an opportunity rather than the end of the world.
Don't fall into the trap of feeling bad about your past decisions or emotionally beating yourself up. This will reduce your ability to perform well in the markets and may tempt you to sell in order to forget the whole thing; which will be exactly the point at which the market turns back positive.
Cheers for the post. I have been topping up when I can. I do believe this still has along way to go and out of all the shares ect out there the crypto ones are the most risky in my opinion. Definitely staying in for the long run. Excited to see when this can go.
Bitcoin is so volatile, ARB could fly to a £1 in a week.
@mysteryguy & @northeast14, and what’s brought on this moment of uncertainty? I’m learning that having a “wobble” with this share is not an uncommon event but actually but if you are here for the long run, what does it matter if BTC does it’s thing and ARB follows it up and down? It really doesn’t. The people who lose out are the ones that sold having been in at the kind of prices you are talking about. Keep the faith men, have another look at the masses of info available regarding the Company you are invested in, you’ll need a wheelbarrow to take your money to the bank down the line. Imo/dyor blah blah......
Cheers DSFLAT
Anyone feeling gutted right now should find some positives from watching Blonity's latest video and his reference to Plan B Stock to flow model.
https://youtu.be/PHhJSPG0YUU
'IF' Bitcoin goes to $100k or $200k later this year I don't think anyone will have any share price issues...
I’m the same as you. I wish I’d jumped in at 43p when I first noticed. Ended up in at 103p. Averaged down a bit but I’m still 38% down. It’s not great but it’s a lesson learned. I really do hope Bitcoin rockets and we do get back upto £1.20 plus. Keep the faith
I am honestly gutted and feel like a fool I among many of us were drawn into the hype around Argo.
The first time I went againt my normal rule to not invest in a company that has already seen such a huge surge.
Now a long waiting game. 40% just to break even and then some.
I have retracted my previous estimations. This clearly isn't the multi bagger we were all thinking it was.
Mid term £1
Longterm £2
I just hope and pray bitcoin doesnt crash further.