Member Info for Blubay

so far so good

To be fair, I think everyone knew BTC was in the process of being stepped up from the middle of last week, the Amazon news was more of an incidental accelerator (although probably not a coincidence, as we knew all the big fish had bought their BTC and had all just started talking it up again).

I'm intrigued why you would sell at 120 with BTC recovery sitting on a coiled spring and ARB's best ever monthly results due next week?

This is ‘never’ going above £1 again ??

News often, but by no means always, gets priced into share in advance for early growth companies. The more mature the company the more actual results matter and vice versa (usual caveats, varies hugely). You saw the SP bump up on the news, later it will go up on completion, and on results.

"The more tactical-trading-oriented bears seem to proliferate when Bitcoin sustains at about 30% threshold below its 20-week moving average, allowing the buy-and-hold types time to accumulate,"

Yes, under 15x and with comparatively very low debt, which provides even more growth potential

to be honest, I rather hope we'll be close to £1bn cap before then, at less than x20, pending price of BTC, but a lot of water to pass under the bridge before then so let's not be hasty

it's perfectly possible BTC could fall back on the lower levels of support before gaining again but equally, and perhaps more likely, it will continue to battle in the recent range for a bit. It needs to clear and hold at least $35k before any bigger action but low summer trading volume for the next month and a lack of Chinese trading volume to counter it. Who knows, but wouldn't be surprising if it was quiet for a bit longer in the accumulation phase before PI sentiment is peaked again. My money is still on September/October rather than July/August.

yep, anything under about 170 was attractive to longer term institutional investors in the company, the hedge funds were targeting profit from 80 up

The rampers are out in rather greater force

It's a fair question all the same, we're all aware of the FUD that goes on

Happy to take anywhere between the two as a rough guide for modelling, as the Tweet suggests, personally I'd err towards the lower but who knows

RNS "The number of ADSs to be offered and the price range for the Proposed Offering have not yet been determined."

Presumably depending on market conditions and company confidence nearer the time.

yes, that's helpful, I was referring to the S2F model and Rory was referring to S2FX

Indeed, what's good for the goose is good for the gander, hopefully we can all strike a compromise somewhere

Predicted value to hit $100k on 10 August 2021
Predicted value at £140k on 15 June 2024

$200k around 16 September 2024

...obviously wide error modelling but you get the idea

As of yesterday

Current price: $32119.66
Predicted price: $89371.32

The error range is $25k to $300k

Predicted × 1SE: $156376.17
Predicted ÷ 1SE: $51077.05
Predicted × 2SE: $312752.35
Predicted ÷ 2SE: $25538.52

"S2FX estimates this bull run will hit $288k. Price in 2024 is modelled to be pushing into the $millions."

No, you're reading maximum error values not the midline

Why not sell if you've made 50% in two days and have other fish to fry, horses for courses.