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Most of us are either "glass half full or glass half empty"
Here we have Poptimist "glass empty and someone's actually nicked my glass" compared to Kiwi "not only is my glass full to the brim, but someone's just given me another glass" :)
Give it a year or so and we'll all be raising a glass or two.
NotR, easily done until this SP gets where it should be. 50p plus!
Poptimist, yep you’re right there getting mixed up on my indexes.
What's AIM got to do with ARB? Maybe that's where we should be.
I’m relatively new to this stock, after some research on Bitcoin investing, this stock was the closest I could get to investing that allowed me to put it into my ISA. So just starting to build a position. (Holding/Buying coins still not able to do in a ISA, unless anyone else knows better?)
To me it seems the monthly update might give a better picture on where we stand inventory and cashwise. Hopefully that might help in pushing the SP in the right direction. But then AIM has its own way of messing with you aspirations.
*Poptimist*
Lol, it cannot last forever optimist! Keep calm and carry on Buying! ;)
Would be very exciting except no matter how fantastic the bitcoin position is and becomes, it seems ARB, despite its superb position to deliver, remains a share somebody desperately needs to be less than 6p. FFS, at 10p right now it's a steal based on fundamentals.
Here is the link:
https://news.bitcoin.com/if-bitcoin-passes-14k-analysts-say-traders-should-look-to-20000-instead-of-looking-back/
If Bitcoin Passes $14K, Analysts Say Traders 'Should Look to $20,000' Instead of Looking Back
While bitcoin prices touched all-time 2020 highs on Tuesday, a few analysts say they are expecting only a few more hurdles to surpass the 2017 all-time high (ATH). For instance, the market analyst from Etoro, David Derhy, says to look to $20,000 instead of back at $12,000.
A few traders and popular cryptocurrency analysts think that bitcoin (BTC) simply needs to cross the $14k region and its lift-off from there. Tuesday’s 2020 ATH of $13,684 is just shy of last year’s ATH at $13,796 per bitcoin which was accomplished on June 26, 2019.
Macro strategist Raoul Pal said on Tuesday that there are only two major BTC price resistances left. “There are literally only two resistances left on the bitcoin chart – $14,000 and then the old all-time high at $20,000,” Raoul Pal tweeted on Tuesday. “I fully expect new all-time highs by early next year at the latest.”
Senior market analyst for Etoro, Simon Peters, explained this week in an investor’s note that “stimulus fears could stoke the fire for bitcoin.
“We may also see an uptick of inflation, another important aspect of Satoshi Nakamoto’s view of modern economies that drove him/her/them to create Bitcoin,” Peters wrote. “It will also be interesting to see how this impacts the correlation between bitcoin and equity markets.”
“Okex futures order book asks being pulled/executed at market in the last few days as BTC consolidates,” the popular crypto analyst dubbed ‘Light’ told his 25,000 Twitter followers on Tuesday. “A move above $14k in the near term is increasing in probability,” Light added.
In the same investors note, market analyst from Etoro, David Derhy, detailed that people should “look to $20,000 instead of back at $12,000.”
“The current run could simply push through all the way to $14,000,” Derhy wrote this week. “If that is the case, then the next level from a technical and fundamental perspective would be $20,000. With the U.S. election coming up next month, further economic stimulus from the government is going to happen even if the size of that stimulus is still up for discussion. I am of the view that we won’t see a drop back down below $12,000 for a while yet.”
Just recently, the ‘Oracle’ Vinny Lingham said similar statements and doesn’t expect the price to drop below $12k during the next 30 days.
Focus now on $20K, a long ways to go but the wheels are far more in the motion now than when Bitcoin hit $20K last time