Member Info for EnricoPallazzo

Forgot to mention a killer dose of asafoetida in the potato cake. I bought that spice recently just because it looked odd and it had a strange name, and now I try to put it in pretty much every dish I cook; on this occasion, I've put too much.

Just to change the topic to something more cheerful: what is everyone eating and drinking tonight? I've had seafood with fennel and potato cake, washed down with some gooooooood Rioja. (I know seafood and red wine are an unusual pairing but the heavy-ish spices in the seafood dish - including saffron and ras-el-hanout - plus the über-turmericky potato cake justify the choice.)

Over to you!

Not smoking anything. This week, I 'ere been mostly eating... fennel pop-tarts!

Once BTC has flipped $56k to support, there's no stopping it, and ARB will follow.

Here's something to peruse whilst sniffing your cat:

https://cointelegraph.com/news/bitcoin-rebounds-to-56k-as-dogecoin-price-halts-at-420-weekly-gains

"EnricoPallazzo ON WHAT information supply ??"

Similarly to most derampers here, I analyse carefully my cat's morning farts and increase or decrease my position accordingly. I think the derampers have fed their pets a bit too much meat recently, and so their farts (the pets', not the derampers', although I cannot be sure) are too smelly, which indicates a price decline. My cat is on a fish and fennel diet at the moment, and so it farts exquisite perfume; hence my bullish stance on ARB.

I think it's as good an approach as any other. Let's see whose predictions are right.

For the avoidance of doubt, I've said it as "an outsider with little information" (but with some ARB shares nevertheless).

BTC will go up, ARB will double its SP, we'll be dancing happily and shaking our spears. It's all coming soon.

I agree, Tymers. I wish I had spare money to buy that number of shares!

I'm not sure what intrinsic value BTC has: it is worth whatever people are ready to pay for it, just like anything else.

I was away from the screen. I'd checked the VTC price in the morning and gone away for the day. There's so much more to life than constant bickering about share prices.

To all the doom-mongers I say: boom! The SP will be up, BTC will be up, we'll be happy. You won't... but there's always another BB to announce the impending end of the world, isn't there?

Switch off at least for a day or two, enjoy the lovely weather, get a life! You'll be much enriched that way.

ATB
EP

Low start and then BOOM! Those who were likely to chicken out already have. Onwards and upwards!

"In July 2020 this was valued at 3.9p.

At that time BTC was valued around $9k.

So I recon ARB, without all the hype should be trading at around 25p."

If you read the company's monthly reports and take into account the cost of mining each bitcoin, you'd understand that, with BTC at $9k, their net profit was probably $2k-$3k per bitcoin, whereas with BTC at over $60k it's over $50k per bitcoin. Hence the rise. It is more than justified.

At 25p, the company would be worth less than the value of all the bitcoins they'll have at the end of this year.

And this one, if the previous one seems unbelievable:

https://cointelegraph.com/news/investors-on-chain-activity-hints-at-bitcoin-price-cycle-top-above-166-000

And have a look:

https://cointelegraph.com/news/when-will-bitcoin-price-rally-end-here-is-what-s-backing-the-btc-bull-run

It's definitely feasible but it doesn't actually matter whether $80k are reached in April. Of more importance is the general BTC trend. Despite the recent juicy ATH, the charts indicate the price is at the bottom of the rising channel, so the likelihood is that it's going to knock around $62k-$65k for a few days and then resume it's rise towards a new ATH, perhaps in the seventies.

ARB will follow.

Yes, definitely not stopping SNG001. I reckon we can expect the decision to proceed to phase three next week.

Good morning, Paddy!

Thanks a lot for the update. It's going to be a cracking week. Boom!

Have a good weekend!
EP

"According to simpleywallst it is 60.8% private investors, 37% institutions and 2.3% others."

Others are as follows: Handjob (0.3%), Handjob's sister (1.0%), Hanjob's pub landlord (1.0%).