We would love to hear your thoughts about our site and services, please take our survey here.
So long as you're alright, Poptimist. I don't want you to have a coronary is all. I guess your comments will be a buying signal for me from now on. When I hear you are happy with the SP performance I will know that it's a good time to add!
Poptimist's position is too big.
I don't mind at all that he is endlessly negative on the SP. I agree with him it is abysmal. And don't care if it puts people off because ultimately crypto will win out and force the SP up whether we dual list or have skin in the game or whatever. In the end all crypto wins, Argo included. 99.9% certain within one year or two. Crypto wins big.
But the endless and shrill posts belating the SP performance betrays the fact that his position size is wrong.
I had:
15k - 2020 Christmas
100k 2021 Christmas
1m 2025-2030
Argo £1 when BTC = >100k
Riot $100 when BTC >100k
All nice round figures so I don't have to think too hard about things. All these figures will definitely happen exactly when I predict so there's no need for any of you to worry ever again.
Argo is a buy and hold with a timescale of at least 1 year. If that is too long for you I would suggest sticking some money on a spread betting account and backing bitcoin directly there. That way you get your instant gratification. I do this and it makes Argo a lot easier to hold. Argo is slower but may ultimately multiply any growth in bitcoin. That's why I'm here. That's why you should be here too. But this gamble needs time to pay out.
I like to see shorters as important animals in the charting ecosystem - like flies, perhaps. With shorters you can be absolutely sure each level achieved has been thoroughly scrutinised and interrogated by both sides of the argument. It makes the bull stronger, in a way.
But yeah, I hate shorters too. Especially bitcoin shorters. Why would anyone take that stance against a democratic decentralised, deflationary, global currency like bitty? Statist scum IMHO.
Three main growth factors for Argo:
1. Operational growth - maybe 100% over the next year including today's expansion
2. Growth in underlying asset - could be 1000% over the next year
3. PE expansion - who knows? In London not very much, in the US it could be huge.
All these three factors multiplied together suggests a rocketing SP though specifying a time scale is difficult. That said 100p could be realised by Christmas 2021 even if we do stay in London.
On the current trend (bottom 26th Oct to bottom 2nd Nov) it could be a week or two. If not then it has gone parabolic and we are looking at the two overhead resistances from Dec 17 and Jan 18 roughly 17500 and 20000.
Round numbers and a few marks on the previous ATH Dec 17 and Jan 18. We are going to be in for price action not seen since 2017 and that was simply nuts.
The main thing people have to focus on now is not selling early. Bitcoin will go to 100k within a year or maybe two. Argo will be going to £1. Buy and Hold.
Looks good. This way the market won't have to make complex depreciation calculations. Each month's revenue will have had the depreciation already effectively deducted. Should make it easier for London dinosaurs to buy in here.
I'll say it again. There won't be a rerate here until one of three things happen:
1. Book an actual profit HY/FY - a few years away
2. Bitcoin moons towards 100k - one year away
3. Dual listing in US - who knows.
So it's likely going to be a year. It's an easy buy and hold because the bitcoin price should rise steadily during the whole year.