Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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No one can predict anything we are all punters !
My 30k March puts look pretty sexy now.
My 56p arb short put fire in my loins,
we pay and take our chances, however btc looked ropey for months, volume sucks eventually that plays into the demise.
Wouldn’t surprise me if btc goes to 10k before next halving but I’ll take 30k for March x
ARB 56P
CHAE
GLA
dukesy welcher
Too many know it alls on this bb. The fun thing about crypto, is it does what it did today, they fluctuate. As flowerpot put it nicely, no one knows where BTC will be tomorrow or day after. What I do know is, buy the dips, so I loaded up with my last dry powder, now i'm going to sit tight and wait for BTC to do what it does best, fluctuate. How I look at it, today was a fantastic opportunity to buy more cheap shares to trade later. Happy days. GLA
I would not look to add at above 65p....and then I can see Arb not finding real support until 50p. A lot of margin calls may have come in and not just for crypto. The Nasdaq is down daily and results eg Netflix are not great. Interest rates are going higher tracking inflation. I am not selling Arb but not buying more either. Arb went from 3p to 300p.....I could not have predicted that. Who did? Where will the lows be for Arb be this year? No idea! Could be much lower than any predictions here. I reckon btc will retrace to about 29K myself and then the buyers will come in again. We saw that in mid 2021. Got cash to buy but the mkts look dangerous. My top tip and holding? MAC!
The big problem that I see for BTC is that Wall Street bought into it and now it's highly correlated with speculative tech stocks. Amazon fell 96% in the dot com crash and for that reason, I don't see why a drop back to the level of 1y ago is not off the cards. Companies that have borrowed heavily againt BTC could be in very deep trouble (wrong-way risk) and could rapidly become insolvent.
CT - for the number of darts that have been fired my way, you would have thought at least one of them would have hit the board.
No one can call where btc is going from one day to the next. If people want to look at charts good on them I guess.
Any way, just bought a few more for entainment value
@HopeGreed: "i know you have always said you could be wrong, well congrats you are :)"
Some of the most profitable investors/traders on the planet are 'right' 25% of the time, but still make a 250% annualised return. Consistently profitable traders understand that being WRONG is inevitable... It's what you do after realising that you're wrong that's more important...
It's always a laugh seeing people mocking others for being wrong on this board. It's the biggest sign of a newbie there is...
AK - I'm no less or more (cautiously) bullish than when I called a $40k low 10 days ago.
That may be so regards your caution level. But you where wrong on you 40k low call. BTC at $38.6k.
i know you have always said you could be wrong, well congrats you are :)
So AK says real money still buying and Aldebaran says the whales are dumping. And that we should all be able to see it but not 1 provides any evidence to back up there position.
Over to you two?
AK were does it show real money buying?
Aldebaran where does it show whales dumping?
with respect you're barking mate.
Follow the money - the real money. I've been saying this for two years (if you don't know what I'm referring to, you never will), but few listen because they think news = truth... it isn't, it doesn't, it can't be. Because... well, follow the money.
So, here's my prediction (NFA as usual):
Bitcoin will either be nearer $50k than $30K within the next 10 days, or, it's going towards $0. And, despite the politics to push CBDCs (fine, have fun central banks - I'm sure it will be used for UBI, etc. - as long as I can keep my BTC), I see more and more institutions in cryptocurrencies (bullish), including BTC, and regulators obsessed with regulating BTC (also bullish).
So, I believe the light at the end of this tunnel is not an oncoming train but a beacon for positive reasons. Why? I see where the real money is going and I deduce from this that all we're seeing in Bitcoin and, consequently, miners like Argo, is the stuff we see every month in equities, exacerbated by the macro Fed policy talk in more recent months. I'm sure some rug pulls for leveraged traders have been painful but I see de-risking when such things occur. My point is, I'm no less or more (cautiously) bullish than when I called a $40k low 10 days ago.