at 124p with bitcoin at about 38K. Added a few. Always ALWAYS with a longer term view. Looking to add more funds below or around 100p if we see it but impossible to time of course.
You are bonkers. It costs about 12k to mine a coin very approx. The margin was huge at 64k. Now at 32k the profit level has reduced from 52k to 20k per coin. Wow some idiots on here....
The price is now 31k. That a big fall since the close and means arb profit levels have fallen 33,000 dollars per coin. I am a buyer at around 95p or lower tomorrow. Let’s see!!
But no one knows. You can think what you like but timing a mkt like crypto is impossible. The danger is you sell, then it rallies sharply, then you rush to buy at a higher level only for the price to fall again.
Is very weak at the moment after a storming run up. Now it is giving a lot back. Bitcoin is the strongest of them all and yet may still fall back towards 25k or even 20k. Just the name of the volatile game. Much better in this than some of the other rubbish around. The smart ones were selling those on the way up. I see Arb below 100p tomorrow and plenty of buyers at that level. Long term punters will just add a few. Traders will play for the bounce. Like stocks crypto can go down as well as up and we may not see Arb at 200p again for years. The company is doing well and has lots of plans. Hopefully there will be no more dilution at these levels and bitcoin will start to move to higher levels by the end of the year or the beginning of next. Remember buy when cheap!
2.83p was my lowest although I had bought in at up to 7p before and after that. Bought the placing too at 200p although that went at 246p. Long since sold to take my cash back; free roll now that I will probably never sell. I think people who bought in at 5p and did not sell a bean even at 250 to 300p are bonkers. I can see bitcoin retracing to 25k or even 20k myself. Arb did well to raise a load of new money when they did ...where will this stock be next year? No idea. 50 pence or 500 pence? No one knows. The crypto mkts look risky short term to me but this is a long term punt and easy to lose a lot of money in so don’t borrow to punt!
Plenty of cash ready to buy arb at below 100p. I reckon we will see it again next two weeks. Bitcoin down to 36.5k so if it the fall continues we might see 105p or something on Monday. Then back to 140p as the rally comes in. No wonder traders love this stock!
for mkts, crypto and Arb. I reckon bitcoin will hit 32K over the weekend.....but Monday morning who knows. I want to add more Arb at below 100p then 90p and so on.....I am sure there will be a strong bounce but who knows when?
I will return when this hits the 295p level. I think yet another rns by the company suggests business is far worse than some on here realise. It was a great opp to also post any good news or cash levels or other contract news however vague. Yet they said....nothing.
is 295p. The company may lose money in two quarters now. What a great run NCYT had! The next results will show where the company is. How much cash is left. The cost of any write off and legal costs etc.
RE: Is it true that the share could be in suspension for months of the case is lost?20 May 2021 08:21
Or the shares coii U.K. could be back at 1p or never at all. I think it is over for amigo myself. That was the risk and we all knew it and had plenty of time to sell up before. Hopefully some long termers took out their stake at least when the share price when to 30 pence.
Disagree with what? That there could be more chances to buy Arb below 100p? That crypto bulls lost hundreds of billions today? That bitcoin could swing around like crazy in the summer months?
I think we will increased volatility here. The buyers are no longer buying dips....on crypto or stocks. All too high. Gold may rally though.
Bitcoin currently back to 37K and ETH looking very weak at below 2.5K. I reckon we will see a summer slump. Good time to add stocks and Arb especially....tried to buy below 100p today but nothing on offer. Reckon I will get another chance and we may see as low as 75p if we see the 30K level on btc broken. At some stage I see a huge rally but the losses today must have hurt the bulls badly.
A trading report yesterday said that traders were no longer buying the bitcoin dips. The shorts were having a field day on crypto. I see no reason to sell...or buy either. If bitcoin moves down towards the 35k level then arb will fall towards 90 pence. Long cycles. No need to rush to buy or sell. Bitcoin has had a great move up and so has arb. Now it is giving some back. It might take a year or so to rally back. Some of these other crypto have gone a bit bonkers and need to retrace a lot. That will take time.
Arb should be lower with bitcoin below 40k. The 52 week low is just 3.42p. If you do want to add then look for a lower entry price and treat this as a 5 year hold. Or just buy small amounts and average on weakness. Bitcoin looks like it will fall back to around 32k on the charts. So be patient imo. No need to sell if you are confident in the long term future like I am. Very volatile and always will be but I don’t think this is yet at the lows. All imo.