Member Info for BarneyR

Dogecoin. like others have said, it's unlimited in supply and no technological use. At $75bn, this will surely be the biggest pump and dump in history.

flowerpot999 - Properly made me laugh!! :))

Clearly a decent BTC rise will help improve the ARB SP along with the 'other news' we are expecting.
I must admit I am slightly bemused by our SP currently off the back of continued good (excellent) news flow. But what really confuses me is when I see that the self confessed joke Dogecoin (Dodgy Coin) has gone up c. 45% today and valued at $75bn whilst we (and BTC) are out of favour. I think it's called sentiment because no amount of good news is working currently. People are investing their funds elsewhere. ETH (Fine) and DOGE (Ridiculous) for example.

Hi Matthew125.
According to the latest accounts the burn rate appears to be £900k per annum. I reckon ORM has €4m to €4.5m left, depending on how much they wasted on legal fees on the aborted ROC deal). Retained losses are €37m and so it's going to be a very long time before ORM will be able to pay a dividend. And so, any purchase will be purely for capital gain which seems unlikely given the spread which you have pointed out. You'd have to see a 22% increase just to break even. Another 10% drop (which is very achievable because of the silence) would require a c.35% increase just to break even. I personally can't see it happening whilst there is a disconnect between the BOD and the Shareholder/s. Far better opportunities elsewhere IMO.

Thanks SHAREINTHIS. I'm also still trying to understand how it all ties together. The relationship between the coins and the technology - and why they have a value. BTC and ETH make perfect sense, but some of the others makes no sense to me at all in terms of Market Cap - especially when they have no USP.

BTW, I'm not sure if anyone is aware. hahahehehoho very kindly set up a dedicated BB for Crypto (link below). D2C2 is really knowledgeable too. Only 3 of us have posted there so far, but everyone is welcome to post. Just mindful that we don't want to obscure / block the ARB BB just in case we miss some important posts here. :)

I don't check it as regularly this BB, but hopefully we'll see some of you on the other (crypto) side.

https://www.lse.co.uk/chat/general/general/official-cryptography-currency-trading-forum-18706B6B-9503-406F-B0FF-DDFD11068FEA.html?page=4

Best of luck Superspesh. Looking forward to hearing how you get on. :)

Haha Strontiumdog. Totally in the same boat. I wish I'd woken up to those facts 6 years ago when I was urged to get involved! I'd have been far more entertained and a darn sight wealthier!!

Thanks D2C2. Very nice spike over the last couple of days!! :)

Hi Superspesh. I wish had knew the answer about Cardano or any of them for that matter. The safest bets (if there is such a thing) are obviously BTC and ETH. I bought Cardano at 0.72p (on a dip) and it's around 0.97p today. It has been as high as £1.13 so it's difficult to know which way it's heading. I'd like to think as more people adopt it the price will rise over time and have seen predictions of $10, $20 and even $50!! Remember that all crypto is volatile currently, so do not put in more than you can afford to lose, or money that you may need back in the short term.

I had similar problems to others with regards to funding (tried using my credit card!!) but Santander accepts payments to both Coinbase and Kraken which any hitches. As Wardy79 says, try transferring a small amount first to make sure the money lands in your crypto wallet!!
Btw. Coinbase was easy to withdraw the funds from. Kraken I needed to get Customer Service to help me as there is a known glitch using the Chaps option.

Finally, as strontiumdog says, the 24/7 crypto movements are quite enjoyable. But maybe we are both masochists !! ;)

I decided to spread the risk across 5 cryptos. I use Coinbase and Kraken. I hold Bitcoin, Eth, Cardano (ADA) on Coinbase which I find easy to use, but quite expensive to trade. I hold Polkadot (DOT) and Storj on Kraken but find a little harder to use, but apparently cheaper. DOT isn't available on Coinbase btw. Each has a USP hence the diversity and whilst BTC and ETH are already Alphas the others may have a good chance becoming one too IMO.

The daily price swings are huge so don't be spooked out by them. They fluctuate like the ARB SP on the best and worst days. However I was getting withdrawal symptoms at the weekends (basically when ARB isn't trading) and Cryptos trade 24/7 which absolutely delights my wife. Not!!! Aside from BTC which I've held for a while, I have only started buying ETH and other Altcoins within the last 2 to 3 months. So the good news is I'm well up on 4 out of 5, and my wife isn't getting any of it!! I am still very much a novice but one piece of advice I can give you is to wait for a day when whichever crypto you are monitoring drops by a significant amount. Say 7% to 10%. At least you'll know you haven't bought at the peak and so far (more me at least) they have always bounced back and gone on to higher levels than I've bought in at. All IMO and DYOR etc!!

Pearls. I shall ask again as my post only appears on the ARB BB. Was it removed from this BB?! Nothing vindictive in my message. Just asking politely the motivation behind posting so many negative messages on another BB. I have no issue with you recommending SGI (ramping I think people call it)!! In fact, many of us have taken the time to do the DD on SGI. Myself included.
So here we go again!!
The depth of your SGI messages suggest you are clearly an intelligent chap. However, your posts on the ARB BB (where you are not invested) like the one below, is why ARB shareholders have reciprocated:

"Delacey, never mind a wave - I'd be more worried about getting a sinking feeling looking at the bitcoin price currently. I don't think tomorrow is going to be a positive day for ARB."

You have made 47 posts in the last 30 days in a share you have no interest in investing in. Many are spiteful, vindictive, antagonistic, and are written with glee and satisfaction when the ARB SP or BTC retracts.

Could you please explain to me what you are hoping to gain from doing this?

I look forward to your response. Many thanks. BR.

PS I guess if this post gets removed, you must feel uncomfortable answering the question.

Hey D2C2. How are you?!?
I'm still HODL all cryptos so many thanks for posting. Just picked it up on the Crypto BB. :)

Wooo hoooo Blubay!! Hat firmly secured ;)

Saby16 reported. 203 messages on the ARB BB in the last 30 days (averaging 6.7 posts per day) in an effort to obscure the intelligent and balanced thoughts of others.
You are not here to provide a balance view. Read back over your own messages.
Reported and Filtered.

Hi EnricoPallazzo. I have a feeling Saby16 is Eva.
I've just checked the members board. Eva's account has been inactive for over 30 days. Saby16 account has only been active since 23 March 2021. Messages are written in pigeon English in both cases. Same person it seems!

Pearls. I have posted the same message on the SGI BB, but as you spend more time here, there is more chance you'll read it.

The depth of your SGI posts suggest you are clearly an intelligent chap.
However, your posts on the ARB BB (where you are not invested) like the one below, is why ARB shareholders have reciprocated:

"Delacey, never mind a wave - I'd be more worried about getting a sinking feeling looking at the bitcoin price currently. I don't think tomorrow is going to be a positive day for ARB."

You have made 47 posts in the last 30 days in a share you have no interest in investing in. Many are spiteful, vindictive, antagonistic, and are written with glee and satisfaction when the ARB SP or BTC retracts.

Could you please explain to me what you are hoping to gain from doing this?

I look forward to your response. Many thanks. BR.

Saba16: What do you mean? Where the company will getvthe money from than?

What the hell is going on? It is Idiot's Week?

I was going to suggest a 'Stupid Comment of the Month Award', but then I realised than I am filtering these people and would therefore never see their posts. And so my own comment / suggestion would actually qualify for contention!!!!! :(

Thanks 600. :)
I had to read S&T's post several times just to make sure I hadn't misread it. He appears to be a new poster (calling ARB down to £1.00) plus other cynical posts. If he shows his face back here (especially after today's fantastic RNS) he is more foolish than even he thinks he is. BR.

S&T. I have seen plenty of foolish posts on this and other BB's but tonight you have raised the bar to an entirely new level.

Is a Van Gogh worth $50m when the intrinsic value is just the paint and the canvas. Or a postage stamp being sold for £15m when it's made from paper and ink. Price is based on demand and supply. Be it property, precious metals, artwork, cars, watches, shares and of course crypto, but I'm guessing you never studied economics!

You have probably gathered by the responses that your intrinsic value comment was one of ignorance. But then you state you've invested in BTC (even though you claim it has no value) which means you are also a self confessed fool.

That is the first time I've heard someone call themselves an idiot and a hypocrite!!

Congratulations!! You have won 1st prize for the most ridiculous post ever to have graced this BB. Happy to join you in also calling you an idiot. At least we are both in agreement.

My pleasure Cekim. I guess the obvious thing to do is sell 50%. When I sold my ORM holding I did it in batches roughly 20% at a time. I then reinvested elsewhere. I agree with you about the ORM BOD. The company cannot possible function when there is clearly a disconnect between the main shareholder/s and the people supposedly running it!! Until they agree with each other there won't be an RNS! My concern as you know is deeper than that. Even if they pull off a deal, I think they are incapable of executing it profitably. Just my view obviously!

Haha. I'm glad I'm not the only one!! In my case I need to explained in very basic form!!
As well as ARB, I hold 5 different crypto currencies, each apparently with their own USP - which I do understand. That is probably the limit of my knowledge however!!
You're right. It has gone a little quiet on Pluto. As far as I know the IPO is scheduled for May.

Hi Cekim. I really do feel for you and anyone else who is losing on their original investment. Being attached to a share is the worst thing an investor can do. Investment decisions have to be based on fundamentals (and of course Head not Heart).
If you look through the most recent posts here, the majority are spot on in their assessment of ORM.

Rather than look at what you've lost (assuming you crystalise it obviously), look instead at how much you have left and ask yourself if it be put to better use elsewhere. If you leave the money here, then maybe ORM will go back up to 1.5p based on a positive RNS, or maybe it will fall to 0.70p with no news. No one knows! But surely there must be hundreds (even thousands) of other companies you can invest in which are more likely to give you a positive return faster. ORM certainly isn't the Holy Grail!!

I have just done exactly the same thing with one of my stocks which went down. Happy to admit I get them wrong too!! Anyone claiming a 100% record isn't telling the truth!! It's gutting taking a hit, but the stock I reinvested in has gone up whilst the original company I was invested in has continued to fall. Wish you all the best with whatever you decide to do.