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@risehall1: "Sell. The party is over. Bitcoin is nothing, it has no use, it's worth depends on getting someone else to pay more than you paid. This is a ponzi scheme that is collapsing."
MOST commodities are like that....... what holds the gold price up? What holds the Tesla price up?
BTC will recover strong at some point. It's a greed asset like most others.
https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0
Sell. The party is over. Bitcoin is nothing, it has no use, it's worth depends on getting someone else to pay more than you paid. This is a ponzi scheme that is collapsing.
@ PI
video just released....Btc recovery times
https://youtu.be/-TeQMLS53cg
@PI
I really couldn't say, my guess would be as bad as everyone else's no doubt :) but the sooner the better hey
I'm sure argo will indeed bounce back with bitcoin at the time But a feeling, not up to a high Sp
Heres the good news people have been pleased about in the last few weeks Even before the btc dip
Argo labs
Helios on track & looking good
Transformers on route to Helios
What effect has any of those good things had on the SP ? ...Absolutely none.
This is why i challenge the ridiculous posts of..
150 - 170 before funding!
Will be back over 135 soon because PW bought at that price!
40% gain next month!
Argo need to raise a huge amount, its almost like people pretend that it isn't
going to happen until its actually announced in a RNS on how their going to raise it.
Its a month since the SP was a £1 & we're another month closer to that RNS landing
If btc is still sitting low at the time of the funding announcement it is going to even more brutal, no matter what levers are pulled.
You'll still be making good money on your trading though PoorInvester , im sure of that ;)
cheers
flowerpot999, when do you think it will rebound? chees fp. :-)
tiger100, because it has done it umpteen times, thats why.
More to the point, BeardedDragon, why do you think it WILL rebound to 100p ? What is the basis for your assertion ?
Anything is possible PI
But was last at a £1 4weeks ago. Nothing looks like its getting positive to me
flowerpot999, why do you think it can't be 100p in 2 weeks?
Not likely in my opinion , unfortunately
This will rebound to 100p within two weeks, mark my words.
When the top whales unload they always buy back at some point ...And so it all starts again
Well said chaebol. Only a few people own it all and these nuppets assume that 100% want some of it.
They will the o.x percent will sell off now they are loaded leaving fools to buy it whilst they are laughing on private yachts are the greater fools buying dumb useless crypto.
Pooor investor I don’t know what your point is? Controlled wealth is far more concentrated on btc than fiat
0.01 % own a third of btc
https://www.wsj.com/articles/bitcoins-one-percent-controls-lions-share-of-the-cryptocurrencys-wealth-11639996204
Why would these 5% not get involved, they probably drink in the same exclusive clubs as pump and dump merchants, they would be tipped off when the next run up is coming and when to take profits, that's how this corrupt industry works.
investor, I think you're right, if the big players let it drop too far the canon fodder (PIs) will lose faith in it, so dropping it a bit more from here then starting a new pump will probably work best for the Masters of the Universe.
Poor investor
The way you make it sound is as tho most the 5% of the wealthy hold crypto!!
That is so far from the truth! Alot would not touch it with a barge pole
Canetoad, let me give someone as wise as you advice also. 80 percent of the world's wealth is owned by 5 percent of the population. When you look at our country, 90 percent of the wealth is owned by 5 percent of the population. Now you are going to argue and try to convince me that is not the case along with others on here, however the truth is the truth, 90 percent of our wealth is just owned by a population less than 5 percent.
These large whales you speak of are part of the 5 percent, they have made a huge effort over the last 10 years promoting crypto currencies. In the Guardian, Independent, the sun, Financial Times, New York post, euro news, youtube, twitter, washington post, cnn, bbc, sky, fox etc (any news is publicity) there is a story to do with crypto daily. Ask yourself how and why is it in the news everyday? I'm sure you understand perception management. (motley fool or share magazine doesn't talk of such things lol)
They have promoted it like crazy, now if it was to fall to 5,000 dollars for arb to get to 10p, all their hard work has been wasted. In my humble opinion, BTC will crash but never go below 20,000 (I personally don't think it will go below $25,000, but strange things can happen), anything less than that and the fluctuation is too much, all the small investors will be put off unless there is a crazy rebound straight away.
My point is that these people that own all our wealth are backing BTC, I can't see them turning it into a joke. If you see my point.
CaneToad you have it pretty much spot on IMHO. In recent times, with many folk at home because of Covid, there has been a big influx of newbie PIs who don't understand how the markets work. This has made it much easier for the big players to pump and dump. They start with a few largish buys moving the price up. Pis with FOMO then start buying pushing the price up more, then a snowball effect with a mixture of PIs and big players continuing the upward move. When the big players stop buying and start to unlad (sell) the PIs continue to absorb the sells, convinced they are onto a winner. The big players continue unloading (dumping) until the price starts to drop, leaving many PIs marooned at the top of a falling market. It's been like this for years, just got worse recently. Just my opinion.
I've crunched the numbers and the estimate I shouted a few weeks back (for which I was battered) is back to $4.80 ARBK or £0.36 ARB. I would imagine we'd see this by Q2 2022 at the earliest. This is provided that there's not a black swan and the current overall market fear starts to subside by then with all over leveraged finally cleared out. If there is a back swan, well who knows but hopefully we'll just get a plain capitulation event triggering a trend shift.
@poorinvestor: "Haa lol, falling on the floor laughing. ARB at 50p will be a dream. It really would, i'd throw my house in."
I rarely ever give advice, but my advice in this situation is not to throw your house in here or any other stock. If you have a large position, keep a tight stop. If you have a small position, be very careful if you average-down as you would probably have to double or triple your position size in order to stay in the game and that is exceedingly dangerous - foolhardy unless you thoroughly understand the situation.
The markets can go lower than 95% of people here realise. Keep your exposure limited if you want to avoid blowing up...
@poorinvestor: "People that have been involved with crypto, have been here many times. "
The landscape is very different now.
In previous crypto drops, there wasn't much correlation with the equity markets, because most investors were little guys (like you and me). It's different now. Whales and instituional investors own most of the BTC and they only care about one thing. Once Wall Street and criminal gangs saw the opportunity in BTC, they realised that it was even easier to make money off manipulating a *totally unregulated* crypto market than importing drugs or robbing people at gunpoint.........
Have a look at the volume of MSTR and RIOT last Friday and it will amaze you. This is not normal selling.
@Meeja: "How long do you think it'll take to get to 50p?"
Our fate is in the hands of BTC Whales and equity market sentiment.
If either of those are poor, ARB could hit 50p within a month or two.
I expect a lot of the 'whales' are criminal gangs and hedge funds who want BTC as low as possible, so the bounce makes as much money as possible. That is the the game.
If Nasdaq crashes, I expect most tech stocks to drop below their Jan 2020 level. That could take ARB down to the 10p-40p range.
Haa lol, falling on the floor laughing. ARB at 50p will be a dream. It really would, i'd throw my house in. They have there texas facility coming online in april, they have their hodl, 50p will be a dream. Imho 70p is a real bargain.
People that have been involved with crypto, have been here many times. These free financial advisers don't seem to understand that. You cannot sell doom or gloom on a crypto miner bb, most of us have seen this loads of time. We are all waiting for the upward turn and cash in the extra shares we bought. Free money.