My two cents, seeing as there seems to be a lot of FUD and panic in here.
If you invest, you are going to have some brilliant times with your account looks healthy and blue. In other times, such as these, you are going to see a wave of red which may cause for you to panic. "Why on earth did I invest in Argo, I know nothing about crypto and my other half is going to kill me!!!!". *Breathe*
- RELAX -
I am quite heavily down on quite a few of my investments and crypto projects, but then I had told myself that even if I went up by 40% in some of them, I would still be holding because they all make sense to me LONG TERM. If you are a trader and have simply jumped onto a crypto hype, then you're in a pretty good position to panic. I for one do not have any panic whatsoever, although these prices make me want to buy more (bring on payday next Tuesday). Luckily for traders, the long-term in Argo looks very positive, so rest assured it will come back up over time. Remember; we are NOT just a bitcoin miner...
Try to refrain from spreading FUD in here, or causing unnecessary noise. I have logged in to find over 400 comments and posts, I refuse to read the majority of them because I know what they will entail. If you need to, re-read the fundamentals here and remind yourself of the bigger picture. Hard to ignore the slump in Bitcoin, but then I am quite tempted to shove into that given the 40%~ discount from ATH. I cannot recall where I read it, but someone once described the 'crash of prices' in the market as 'discounts', and it has now doomed me for life.
Thanks for reading, go have a G&T (it is 5pm somewhere in the world) and enjoy the weather (currently very sunny in Brighton). Turn this off if you have to and come back in 6 weeks.
These woods are glorious. Look over there, some beautiful blue bells. Tulips scattered amongst them. Oh no, a sudden cliff face that drops into the abyss. Hell, lets just down into the pit. Oh, would you look at that, more blue bells, more tulips and a fat hill that takes us beyond the canopies of the trees.
Every drop we fall into, I am sporadically grabbing as much as I can. This is going one way long term. Read the RNSs again, again again. There is nothing but good vibes here. If you're trading, best of luck to you. LTHers are going to be whipping around in private jets before long.
The only issue with all of this is that I am very bullish for BTC & ETH as a whole, and so I am forced to find additional funds to try and invest during this current "discount". Some may call it catching a falling knife, but I'd rather invest in something I fundamentally believe in and get it wrong, than to look back in 10 years and say "agh sh*t".
Managed to scrape together some of my profits from VRE and MHC and shove them into Argo earlier today. A part of me hopes we touch £1 for another top up, but a large portion of me wants things to get back up to the £1.50 range.
Crazy flashback; remember all the angry folks after PW offered shares at £2 via PrimaryBid? God time moves both slow/fast in this BB.
Right, I hate to be a ramper and I will try not to be, but I cannot see why this is so badly hit other than sheer panic from investors.
Sure - Musk has tweeted that he will no longer accept payment from BTC for Tesla, but he also mentions that there is total intention for them to accept it once the matter is resolved. Argo is the resolution. Argo is pushing more than anyone for a 'greener future' in Bitcoin.
Also - anyone who invested on the back of Musk are total morons. The dude has been pushing the DOGE hype for the past couple of months, a coin that has zero utility and is literally a 'meme'. You're telling me that you are basing your investments on the back of this clown? Time to learn how to invest again.
I for one have topped up again and will look at the 5 year plan. In PW I trust and I will gladly wear this mothertruckin' hoody around town for all to see.
I've been thinking about the sudden surge in 'shorters' appearing on this share and the price slowly being dragged down. Could this be bears trying to cause for us to fall beneath the minimum requirements of NASDAQ, we fail to list because of that, and then we have a panic sell as there are a number of RI here waiting for that announcement?
I am just perplexed as to why there is a sudden surge in bears...
This is a share not for the faint hearted. I am deep into this guy now, buying as it falls and catching the knife. I genuinely don't believe it'll be a falling knife for long. I have just sat and looked back on the past four months worth of RNS and this seems too good to be true.
Granted, I have bought myself an Argo hoodie and I am a true argonaught, so perhaps I couldn't tell this was a dead share if PW were to personally call me himself and tell me that he intends on shutting the whole operation down. Sometimes you have to go with your gut. I believe in this share, I believe in the underlying fundamentals and I will continue to top up as we go down. This will bounce once the bears have their fun, and then I'll be up up and away.
If you suffer with any medical conditions involving your heart rate then I'd suggest seeking medical advice.
I am a little uncertain. I am unsure whether you have to be above a certain price per share to apply, but does that mean we have to be above it to then become listed? If we miss out bc of this dip, I'll sell out and invest in a lot of beer.
Perhaps foolishly, I have topped up at the bottom. Not with a lot, mind you, but with enough to make it interesting. If this truly falls to the very depths of the pit then rest assured that the world will be moving towards going back to normal. If we get plunged into another lockdown, can we see this rising from the ashes?
I was in at £9~ a share so may as well bring down my average and weather this almighty storm. Understand those selling and best of luck to your future ventures :)
RE: BTC hardly down now, get ready for the move back up05 Mar 2021 14:58
@BestGuessing; interesting points.
I will read it again this evening before I nod off... ;)
I agree with you though, the media coverage is nothing but positive for the expansion of knowledge on crypto (for both retail and institutional investors) and that can only mean one thing for the LTHs of Argo and the like.