@Autonomy1 - I've been doing a similar thing as it seems pretty consistent at the mo. BTC has the exact same obvious fluctuations but the risk is always that RNS of NASDAQ or something similar
BTC hurtling through that $58.3k resistance that was built on the last drop. Should be $60k soon enough which with the support building around BTC should see ATH's. ARB just need March numbers plus one good RNS to reach ATH imo.
As discussed in previous weeks, BTC needed to drop to bounce (like it is now). We have a large amount of news upcoming:
- From the Funkyfinance podcast - PW states there are rigs that have been purchased before the ePIC ones which haven't been announced and Texas contracts signed too - March numbers which will reveal the "ridiculous" margin as the mining difficulty remained relatively easy this month with a all time high mining rate - I know NASDAQ often gets mentioned but I'd hope we would get a hint on status as from what I can see 11th Feb onwards would leave us will within the timeframe
@Delacey - I'm in the same position as you. Bought it at 94p and it panic dropped to 77p almost identical to how it dropped now. I sold on the way back up at 84p and it went to £3 -_-
We still have contracts signed in texas that havent been announced along with new rigs that haven't also. Theres NASDAQ, the bitcoin bottoming out which has been needed for over a week to push upwards. I'm starting to sound like a ramper so I'm going to drop off for a few days and wait for the RNS's. GL all.
I think you're all missing a valuable piece of information here. In the interview with funkyfinance, he mentioned of rigs being purchased that havent been announced. He also stated these are not ePIC's.
Not too sure how you can say that. After being the first one to openly question his dilution over recent months, I'd say he is doing more than any other CEO I'm invested in would do. Have you not listened to the recent podcast/interviews? The guys passion, confidence and ability to deliver more than expected each time is why half of us are invested.
RE: “Game-changing” Bitcoin “milestones” to be announced by major firms next week – NYDIG CEO17 Mar 2021 10:44
This combined with the RNS's PW still hasn't announced leave me very comfortable with the next few months here. I'm still confident of £3 before the March's performance review.
Well we are still on track. BTC suffered from low volume yesterday and the expected bounce was at resistance of 52.7. When it was going up in the last cycle it did struggle around 54.5k and we thought it was making a strong resistance point. This could be the bounce up to 64k but we will see. Still have outstanding ARB RNS's which will not be far away.
So after the interview last week we are aware we are awaiting unannounced news on new rigs and texas contracts. Pretty sure one will be this week. Further to that, for anyone that hasn't been keeping up to date with the BTC charting, this fall has to occur to get higher after too many bounces off the resistance. Fingers crossed we could push past £3 this week.
@Pearls - I do agree and its an apparent flaw with this HODL situation that your effectively not profit making. I mentioned the other day and its interesting Peter talked about it, why not put loans against BTC if your so confident in its future?
So yesterday we discussed the short term investor discontent at the dilution and how it was carried out. I noted on there that apart from the listing we are not aware of upcoming short term news. I believe after the interview yesterday this has now changed with the following points:
- Contracts already signed but not announced for the Texas build - Machines purchased for the short term but not announced with ePIC machines to be announced later in the year - Finger is on the pulse with the NASDAQ listing
Updates that can drop any day are exciting and keep the impatient invested (like myself) imo.