Member Info for BestGuessing

https://www.ii.co.uk/secure/my-news-feed/news/k3-capital-shares-rise-as-annual-results-to-exceed-market-consensus-al1655803516485855000

Just pay some of his outstanding tax bill

https://twitter.com/anthonyc3004/status/1456298616864313350

Interesting thread

Not commented on the board for a while but like to drop in and once and a while as have a decent holding here (for me at least).

Just thought I'd note that most monthly updates as followed by a small drop in share price...or at least its been that way for the majority of this year so if that does happen, just be prepared for the doom sayers to jump on board and start quoting Private James Frazer...Its just what Arb does.

None of us really have any idea but I suspect we have a slight drop in BTC price going in to Monday morning trading and Argo share price will move slightly but will remain mostly flat for first few days of the week.

For me, 52k is the number we want to break and hold before we see a real push in the Argo price with an initial target of 170 to reach and break. I think things will really start to motor if BTC can move in to the 54K range and above as nothing then holding it back until we start targeting 60K and potentially new ATH...But I suspect we might have a bit of a pull back before that does occur...

Jump a month or two ahead and if things continue to play out as they are expecting, and we get a few more good news stories around Texas, I think we can start to see the 220 mark being targeted before we then start to see the real action as and when Nasdaq starts to ramp up...All roads point to a big rise but you can never tell what is going to happen with Argo...

A long term hold for me and expecting some very big gains over the coming years.

BUT...when all that is said...what the hell do I know???

To be fair, that is standard jargon for most websites

Amazing weekend BTC wise, good positive RNS (although nothing really new) and what happens 30 mins in to trading...Argo price drops :D

Got to love how this moves about...Take comfort in the fact, we were at 85p a week or so back and you could have been holding like I am since the highs around £2.80 (I averaged up when it went up, and have averaged down when it dropped...I was waiting for a slightly further drop to double my investment at around 75p but it never got there) but the good news is this is still a solid long term play if you believe in Crypto and where it is going in the next 5 years.

Enjoy reading the board and occasionally adding my own thoughts, and just remember, don't invest in high risk companies unless you can afford to lose it all...

Right...back to my tea and toast

Just a quick follow up...

For anyone who did look to take advantage of this low risk\reward trade, now is a good time to move any stoploss to breakeven and let it ride

Bluebay: That is really what I was referring too...My traditional stop loss for trading on shares is different to trading crypto as my crypto stoplosses tend to be slightly wider...Hence the tight, but a room for a little movement

Clear as mud right? :)

Not one to usually day trade but if you are that way inclined with BTC at lows of Early Jan and the recent lows in this trading range, now is a great Risk\Reward trade in my humble opinion.

Keep a tight stop loss, although allow room for some movement, but this is either going to see a nice turning point, or we are going to see $23k ish relatively quickly.

Pokerchips: I agree that if and when people start to realise this has fallen further than it should have compared with BTC price, there will be a renewed surge to get involved.

I'm not suggesting we are going "to the moon" as people often like to shout, but this will see a bigger percentage return that BTC does (should BTC it move up and stay in its range as I believe it will) and sentiment will rush back in.

I'm actually torn on my plan as to whether I want to get back in deeper around 0.70p or whether I want it to hold and move up where we are...I suspect most would be happy with the latter but the value investor in my is thinking the former might be more profitable longer term.

We will see what happens in the next week or two

Not posted here in recent weeks as was all getting a little silly to me but things are really starting to be shaken up...People are starting to panic and worry (rightly so) of where the share price is and how its been acting in recent weeks.

I am massively underwater here but opting not to panic...if you panic and get overly emotional you will make poor decisions and not see as clearly as you might. If you are stressed out because you are losing a fortune, then sadly, you should never have invested in the first place or at least had a better investment plan than the one you have. If you had, you wouldn't be stressed.

SO...what happens next...The core of the company fundamentals are still as they were when I invested earlier this year...The plans around Texas are being put in to action as were laid out and monthly results are continuing to be inline with expectations plus a few of the side investments all continue so no real change for me. The conversation around Nasdaq is an interesting one and I can see why people believe he may have been mis-leading and PW could have cleared that up one way or another but that is speculation now.

Slight worry about share dilution and share holders selling out at close to the highs set alarm bells ringing granted but if you still believe in the long term plans for Bitcoin then you probably decided to look past that...as I did.

Price of Bitcoin has fallen since its highs but is currently sitting at the lower end of a trading range (29k ish is the bottom) so not to worried about that at the moment. Should it break and hold this level then that picture changes for the short to medium term.

Arb's price is on a steeper downward trend and I have to admit, I was hoping 1.20 was going to hold but now that has broken and held, for me, the next key support area is a bit lower at 0.70ish...If we make it to that point, I will be looking to invest heavily again, and bring my average holding right down...For me, that is the bargain price.

Of course, should it break and hold 0.70 that brings a different perspective and a re-review of the plan...so for now, those who are shouting and screaming about being conned, manipulated and so on, you have nobody to blame but your poor trading plan...For those who are holding and are nervous, I understand your position but review your position and the company and if you come to a different conclusions to your original one...sell up and move on.

For those contemplating buying in, Now is a good time to get involved in my humble opinion but you MAY get a slightly better price in the coming day.

My gut feel is that we stabalise the price slightly lower as Bitcoin starts to move forward and then see some very good gains as Bitcoin moves up in its range to 40kish.

That's my thoughts...but what the hell do I know.

Waffle over...

.

Why £1.60 out of curiosity???

Whether people ramp or deramp shouldn't really have any impact on your decision to buy or sell...if you are investing based on comments on public forum then I would take a step back and think again.

I don't filter anyone as it is always good to hear alternative opinions to those that I might hold...there are those who shout for massively low share prices with no reasoning or logic just as there are those that shout for crazy high share price again out any reasoning or logic...

I choose to read and ignore those comments on both sides as it offers no real use as an investor...but happy to listen to those that suggest the share price is going to fall if they explain why as the might spot something I have missed...just because its of interest doesn't mean I would agree with them but if I only ever read positive posts it becomes an echo chamber...If you like that sort of environment then I suggest you are massaging your ego and blind hoping your investment is a good one.

But WTFDIK

I'm positive long term on ARB but will be amazed if we see £1.45 today or tomorrow

Hold £1.25 will do for this week for me...If not, I fear we will be hitting approx. 80p before the bounce.

100% not...

"BTC continues to recover"...not sure what charts you are reading but we are at the same levels as mid-Feb and had a very steep fall over the last 10 days or so...

FWIW...I think we are ARB will hold between £1.25 and £1.80 for the next few weeks whilst BTC bounces between the current price and $60k and will need new ATH to have any real positive effect on the ARB share price and push us back over £2.00...

That is on the assumption no news is released to change that mindset (I don't think we will see NASDAQ for next 3 months or so) and whilst I am significantly down on my ARB holdings, I remain confident in the position the company is in, its future plans and the direction it is going.

This is no longer a "get rich quick" and the "FOMO" spikes are gone, unless we get a major announcement of some kind, but this is still a very good long term hold in my opinion...

But WTFDIK...

Posted last week when someone mentioned a bottom at 1.70 and I believed the bottom was around 1.40 and today we have hit that mark...and luckily for me, I've used my ISA allowance for the year and bought back in.

No denying that the company has "calmed down" in terms of share price action and big spikes up but the fundementals remain strong and I see the long term prospects as very attractive. I think this is a great investment but is not for those who want to see shouts of "moon" and "50% daily rises" and so on and so forth...

If you can afford to invest, or have already done so, pick up the stock whilst you can around these prices and I am very confident you will be congratulating yourselves this time next year.

But then...WTFDIK

Not sure this is a bottom and think a bottom looks more likely around £1.40 sadly...

I'm already heavily invested and won't be buying in again at this price but should it touch £1.40 again, I will look to take advantage and average down (not something I would normally do or encourage but do feel very confident about this one long term).

Not sure we will get it any time soon without some sort of news but a break and hold of £2.00 is the next target to push for.