I was one of many who found ARB at the start of the last bull run and bought in heavily at prices between 0.07 and 0.29. I eventually sold at £2+ once ARB was valued on a par with US rivals. I have continued to follow the company but am concerned that macro headwinds, global issues and liquidity challenges are such that all the miners are going to struggle to get anywhere near their previous valuations. The crypto world continues to evolve very quickly as mass adoption increases and the next bull run will in my view be very lucrative for PIs who take the time to research the crypto market. I no longer invest in traditional shares and instead am concentrating on building up my crypto portfolio while prices are close to rock bottom. I just don’t see the miners as a good bet any more going forward.
I was almost as excited by today's sudden jump than I would have been if I was still a holder. I hope very much that long-term holders are properly rewarded for their loyalty and faith through some very dark times. Yes, NCCL remains very, very undervalued and I just hope that the price will eventually, and perhaps very soon, reflect the quality of the project. For those of you who have just arrived, a great debt of gratitude is owed to several investors who have continued to keep the dream alive when others moved on, chief among them CF73 who so deserves to be rewarded for his years of commitment and willingness to share his extensive research. I am rooting for you all and most of all for you, CF73!
Sadly, G-G-G, I couldn't agree more and I too have lived and learned. I unwisely continued to build my investment in NCCL over several years as I could not see how such a promising project with such significant support at governmental and major level would not eventually succeed. I could have taken almost £100K in profits at one stage but didn't and that in the end is my responsibility. I eventually and reluctantly decided enough was enough and was very fortunate to take my significant loss and invest al lof it at what turned out to be the perfect time in ARB at prices between 7p and 26p, eventually selling my final block of shares at 155p. I decided to share much of my profit amongst family members to help them with house deposits and then made a big decision to sell all my other share-holdings and move into cryptos. I no longer felt confidence in what I was reading about companies in which I was invested. That was almost a year ago and it has proved to be the best investing decision of my life. The volatilty in the world of crypto is the norm and I am fine with it as I have learned how to make profits whether the the bulls or bears are in control. I do not always get it right but I am no longer having to worry about all that can go wrong with any AIM company, often out of the blue. Strange to say but I genuinely find cryptos much more reliable in how they move. Essentially I believe they are the future and that investing in shares is no longer the best place to try to provide for my family. Others will disagree, and I of course respect their views, but I am simply very glad no longer to rely on CEOs, CFOs etc, all of whom have their own personal priorities, to help me to grow my finances.
Although I have not held ARB since I sold out in March I still read this board and am concerned that so many posters seem to be expecting a second huge rise. I was one of the lucky ones who bought a lot between 8p and 30p and sold them all at £2+ but I was lucky and just do not see the same happening again. The crypto world has moved on and BTC miners no longer offer the main way into the sector that they did even a year ago. I set aside half of my gains for my family and have used the rest to buy and sell crypto altcoins. I do not hold Bitcoin as it does not offer the prospect of such good returns. I never thought I could make money buying and selling crypto but I now wonder why I ever invested in AIM companies, most of which in my experience let investors down! Strange to say I find crypto much more straightforward once you accept that it can be volatile. If you are one of those ARB investors who has developed an interest in crypto trading but not yet taken the leap because you are still waiting for ARB to rocket I would suggest you seriously consider cutting your losses or cashing in your gains and invest directly in crypto rather than a BTC miner.
I do spend quite bit of time researching crypto and find it fascinating. Cryptos are inherently volatile but the long-term trend in my view is up and buying and holding is a perfectly good strategy for good projects. As long as you stay away from the hype about some of the minor tokens you should be fine. If you really want some suggestions I would go for Avalanche (AVAX) and Polygon (MATIC) among the biggest cryptos. The most lucrative trend in the next year or two is likely to be metaverse gaming - I have about 10 gaming coins and would recommend Enjin (ENJ), The Sandbox (ILV) and Illuvium (ILV). The other really interesting new development is in to do with social, or fan, tokens - I have positions in Paris St Germain (PSG) and Juventus (JUV). These are more speculative but potentially very rewarding for early investors. If you would like any further advice, or to ask questions about where best to research, best YouTubers to follow etc please message me on Twitter @badeli. Cryptos are great fun and are providing really good and consistent returns for me, even though everything has dropped between 35% and 45% twice this year before recovering to new highs (and you can lend your cryptos to earn passive income of up to 12%pa!)
Touche!
Hi Balman, you must be psychic given your comments just as I was posting my own thoughts!
Hi Splatted, I too remember the years I spent on here posting regularly and confidently about the increasingly large holding I was building up. In many ways I miss all the regular chat and hope that most of those who shared their technical and professional knowledge managed to keep some of their profit. I am not sure when I began to feel really concerned concern that all we were getting were empty promises but I think it was the regularly missed deadlines which persuaded me to cut my considerable losses and gradually sell down and then exit my position. I was fortunate to have come across ARB at about the same time when it was available for between 5.0 and 12.0 and, having read incessantly, I put everything in there and eventually sold at an average of about 20X profit. I have not bought any AIM companies since having become totally disillusioned and instead have moved into crypto in a big way where in my experience there are much more consistent gains to be had albeit volatility is inherent! Good luck with your own investments!
Recent ARB RNSs seem obvious in retrospect but genius in conception - very early investment in Defi, insisting on retaining 25% of Pluto Digital (which looks like becoming a cash-generative goldmine), pre-booking state of the art machines, new low-carbon Texas facility, Peter Wall becoming the first CEO paid in bitcoin and now plans to mine 'green' bitcoins of unimpeachable provenance which is what many fund managers now require to satisfy regulatory obligations. Most can only invest in Nasdaq-listed companies!
Nasdaq listing is on Monday of next week, 22 March, so expecting to see price rising this week in anticipation.
I have been here with a large holding since 10p and will be here for ages but have also diversified into HIVE, KR1 and RIOT which I can buy on HL. Has anyone bought HUT 8 in the UK as I am trying to do so and cannot identify a source? Thanks in advance for any suggestions.
Hi Nordel, I invested in ARB when I came across it in an interesting article about the volatility of bitcoin after its major crash in 2018/19. I had noticed talk of cryptos becoming more mainstream and began to look around. I knew I did not want to buy bitcoin per se and trawled a bit to discover that at that time Argo was the only publicly-listed UK blockchain company. This was pre-Peter Wall so there was very little hype or even interest. What made me to decide after several months of thinking about it to invest at the start of December 2020 was my 'Damascus moment' when I realised in a lateral-thinking moment that there was a link with the Californian gold-rush. A tiny proportion of gold-miners made their fortunes, the remainder lost everything. However, the entrepreneurs who sold the miners the picks and shovels all made very good money. I decided that ARB was a picks and shovels way to invest in the crypto revolution and the fact that ARB trades easily on the London markets made it all the more appealing.
I invested about £40K across various family ISAs and SIPPs and it has proved to have been a fortuitous and well-timed decision. I have already taken out £130K and still have well over 120,000 shares which are appreciating in value. I have reinvested some of what I have withdrawn in £10K chunks in other publically-listed crypto-related companies in the UK, US and Canada and all are doing very well - I am currently in, among others, KR1, HIVE and RIOT and will stay with them all. And ARB? I will stay with it for a long time yet and like so many others am looking forward to the almost inevitable post-NASDAQ rerate.
Good luck with your investing - from my experience research is vital but a little bit of luck goes a long way!
An excellent post, Rookie, summarising where we are now and what the prospects are over the next few weeks and months. All the hundreds of 'Woe is me!' posts this week as the price slid came from people who listened to the hype as the price rocketed from 10.00 to 140.00 and thought all they needed to do was jump on the bandwagon and they would make their fortune. I am pretty sure many of them had little idea of the inherent volatility of what they were buying into and, as soon as they saw their 'investment' losing money, they immediately began to blame what they saw as the evils of bitcoin. They then fed off each other and the board became a sea of negativity and panic as sensible posters stayed away. And then what happens? The price of bitcoin bottoms out just below 29,000 (hugely up on where it was in December!) and began to rise quickly again. Suddenly we were back to 'fill your boots', double your money in a week etc. We have all seen it happen so often.
Now we seem back to steady state and you have summarised the prospects and likely future direction of the bitcoin miners, in our case ARB, very well. The increasing 'respectability' afforded to cryptocurrencies has convinced me that we are at the forefront of a financial revolution which will make today's shareprice seem like the bargain of the decade when ARBKF lists on Nasdaq and the move into crypto as a safe haven hedge against uncertainty in these difficult times gathers pace.
Although ARB can now be traded more easily in the US, the increase in exposure when we reach NASDAQ will be exponential. Peter Wall's recent decisions have been very instructive - he is not interested in today's shareprice and through his excellent videos he has encouraged investors to look to six months ahead and beyond and to be as 'super-optimistic' as he says he is. We have new, even more efficient machines operating from next week, we have more and more arriving between now and the end of Q2 funded by US IIs who were allocated shares at 80.00 (cue the 'woe is me' brigade again but we little PIs could have bought in a few days later at 60.00 so why the 'woe is me'?), we have appointed US PR advisors and US financial advisors, both of them very respected companies steeped in the world of US crypto stocks .......... and we are going to see fantastic monthly results in early February.
We need to forget the sudden rise which promised instant riches for all. Some of us, and I am one of them, happened to be in the right place at the right time and that was great. However, as with companies like NCYT and SNG, that was then and this is now. I have put a lot into NCYT recently because of what I see as its future prospects and not because of its stratospheric performance in 2020 and it is just the same with ARGO. I bought back in again in the last couple of days because I like the look of the next months and years and my hope is that we will see a new group of sensible investors deciding the time is right to in
Agreed but it is so important to take some profits on the way otherwise you end up worrying all the time especially with a share like ARB. I bought a lot in December at prices between 10.00 and 33.00 and sold some during the manic week of non-stop rises so was on a free run. Eventually sold lots at between £1 and £1.20 and cleared £140K. Kept some in a SIPP and have now bought another £25K at 71.00 and 88.00. Very rare for me to get it right and in earlier days I would have got over-excited, kept everything and then not known when to sell as the price (and BTC) started tanking. Taking profits even when your heart says keep holding everything is something I have learned from very bitter experience and it usually works for me even if I sometimes lose out on more profit. I have learned much from plenty of rainbow-chasing negative experiences but I think you have to go through them in order to learn how best to become a better decision-maker.
And ARB? I will buy again on Monday as I am so impressed with Peter Wall and his plans. I am fairly sure he has his eyes on Nasdaq and I expect ARB to get there by the autumn. If that happens the share-price will, in my view, quite simply rocket. Please DYOR but, if you think Bitcoin is here to stay, ARB is a great way to ride the wave - I prefer to invest in a listed company than to buy and sell coins direct and ARB in my view is a really smart company with great prospects.
You win some, you lose some! I managed to clear more than £150K on ARB and moved £70K into NCYT at the start of last week. Have kept plenty in ARB as I am confident about its future but for now I am concentrating on NCYT, DDDD and, for the third time, on AVCT which I bought back into yesterday having read of the government's latest spending proposals for testing. I have lost plenty of times in the past but now and again switching into a stock with momentum works - I bought ARB at various prices from 10.12 to 33.45.
This is why it is positive for ARB, posted about a different company by their CEO:
“It’s gratifying to see that our shares of common stock are no longer subject to the limitations associated with Penny Stock status, granting us access to a larger pool of potential investors,” stated Frank Magliochetti, CEO of ClickStream
This is why it matters as explained by another CEO, all positive for ARB:
“It’s gratifying to see that our shares of common stock are no longer subject to the limitations associated with Penny Stock status, granting us access to a larger pool of potential investors,” stated Frank Magliochetti, CEO of ClickStream
I agree that today's price movement might be indicative of a gradual rerate to achieve fair value. I was surprised that the price dropped to 13.50 early on and decided to top up when I had a moment, not expecting it would rebound on a day that Bitcoin was having a breather. By the time I was ready I had to pay 14.49, which I was happy to do though a bit miffed that I had waited for a couple of hours. The final tick up just before the close was a bonus and it will be interesting to see tomorrow if the momentum continues.