How to approach the pullback28 Feb 2021 16:08
The pullback is healthy for Bitcoin. To expect Argo to be decoupled from Bitcoin's pullbacks would be to expect it to be decoupled from the gains too. Ultimately Argo is on a sound footing compared to other miners and that's all that counts. The Bitcoin pullback will be healthy for price, the deeper and longer the better. If you want to see 300k BTC and it's impact on ARB you'll know volatility is a sign of a healthy crypto market.
For those who holding through don't sweat pullbacks of 20-40%. This is normal for crypto. Leave ARB alone for a while and come back in a few weeks.
For those like me who have sold out, you'll sleep better thinking of a re-entry range at the low and high end. 38k BTC Wouldn't surprise me at this point. I'm buying from 170 down or 280 up. I won't mind if ARB goes down to 110 or even 60p at that point as I'll have rebought more than what I sold for less new money than before. If it goes up to 300 I expect the bull to have resumed and at 500-1000 it won't really matter. Whether you're stacking shares or just trying to preserve profit, just have a strategy for both outcomes, stick to your strategy and GLA.