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Xenor, don't focus on how much you have lost.
If you're 35% down on say £100k, you now have £65k in ARB. If you don't feel comfortable with ARB, sell and put your £65k somewhere else. If you're correct about ARB, you will have a better chance of making your £35k loss back.
Most PIs make this mistake, especially me in the past.
Good luck whatever you choose.
Xenor something maybe to think about is what Peter calls smart growth we currently mine bitcoin and a bit of Zcash but may well move into other coins if they are profitable . I think that texas will be 50 50 between BTC and other coins IMO and even if BTC does drop back next year at 10000 USD current costs then we are still massively profitable at 20K USD etc . The hash rate is something like 4 times what we have now so that should somewhat allay your fears about a price drop for BTC plus the difficulty may get easier as other less efficient miners drop off or go elsewhere . Anyway good luck what ever you decide. Me personally I am waiting for the June rigs to be installed
@Xenor, I am sorry to hear that the stock isn't for you, however I would not despair in recovering your original stake and stay if you can bear the volatility. I genuinely believe that the fundamentals are good and that it will increase in value in unexpected ways once BTC stops going sideways. I am not an investment banker like SABY/Tiger and I am not a financial advisor. I do however evaluate busineses and optimise P&L's and complete due diligent audits during M&A's and work with the banks. During my 30 years as a transformation consultant I have never seen such sound fundamentals and been able to invest (considered as insider trading when I have completed the audits and recommendations) I have been able however to do dd because of the transparent accounting pioneered by Argo.. I hope this reassures you and many of the derampers on this board will think this this is BS, as well as some of the rampers. This is everybody's perogative on this board and I am not interested in convincing anyone about my experience or qualifications. But keep the faith and exit within 2 months time if you like!
This BB consists of some of the most upbeat, optimistic and positive folk around - good on you!
Xenor, I can empathise but have found the grass is not always greener elsewhere. All stocks are traded, have ups and downs but I do think, especially when the loss is big - ON PAPER remember - the danger is selling out and going all in on a whim elsewhere in an attempt to recoup losses. It rarely works. Take a deep breath, look at your ARB investment, you haven’t lost anything and my advice, for what it’s worth, is sit tight and in relatively no time at all, you’ll be glad you HEDL ; )
Xenor
before you decide what is the best decision for your situation, please have a look back over the previous BTC bull run charts and the after periods, both 2013 and 2017 had very similar characteristics.
in May 2017 BTC was circa $2K which then extended up to over $19k in December 2017 at the peak of the bull, even though the crash afterwards was severe it dropped to a lowest value of $3k for the period in between until the start of this bull run.
My point is that the crash that followed, the low was still 50% higher than the price in May 17 at the early point of the Bull run, and it showed the same characteristics on the previous run.
so the crash expected later in 21 or early 22 if follows previous then the lows could potentially still be higher than the current price. So even in a crash ARB would still remain hugely profitable.
wish you all the best whatever path your investment takes.
thanks
One other thing. If you are looking to get your money back quickly, this is the share for you. The volatility works both ways remember.
Enough playing by silly predictions!!
This share since late February isn't following BTC. Also there is no guarantee this will see 300p+ anytime soon.
Just think 3p-300p within 12 months!!!
@Saby, no one can predict the future. Go and deramp somewhere else. I feel sorry for you, this share will be at least £3 by July! Let's so how silly this prediction is in July.
Saby
RNS 25th Feb: Exercise of Options, Warrants and PDMR Dealings - of course this will affect SP and did.
RNS 8th March: Placing - of course this will affect SP and did.
The cumulative effect caused a sharp drop/ correction - whatever you want to call it. We’re only a matter of weeks from this and sentiment/confidence takes time to recover.
This, imo, is why there was a temporary conscious uncoupling in BTC/ARB relationship. But there are obvious signs that both feel the marriage is worth fighting for and rise/fall alignment is creeping back.
Look back couplenof weeks and see the predictions £5 was the lowest by now...
Enough said.
As Wexboy the only knowledgeable here thebrest are daydreamer. Seemed yuiuiu.
You can report if you want lol
Mittenator,
A few people have said the same, but the majority understand that this is normal and it's how businesses grow while rewarding seed investors and senior staff.
All miners are in a slump, so you can't blame this on the Argo placing, warrants or options.
Albert, before these events BTC/ARB were very closely aligned. I understand for the LTH these RNS’s aren’t much of an issue but they also released an RNS on 16/02 re: no fundamental reason for the spike in SP. These were Short term traders looking to double their money in super quick time and got spooked. I don’t think one factor alone has caused it but many. It was an exciting share to be a part of and the volatility was/is a drug to many STH. I personally feel we are better off without this type of investor and hope the shares available are snapped up by those with a longer term outlook.