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this would be bad news for us at this share price. As rich as he is, his involvement in Argo would be of concern to me. He changes direction way too quickly without thinking of repercussions to others. (Thai cave rescue anyone?). He may pump the price with a positive tweet, but then two weeks later will arbitrarily announce the opposite view point and the share price will crash. Many love his "shoot from the hip" approach, but the SP is not strong enough currently to withstand that kind of involvement. Fingers crossed he stays clear (at least for now).
forget everything else, that chart is mesmerising. I found myself zoned out for a few minutes :-)
If there's anything to make me sell everything crypto its an endorsement from Alex "the frogs are gay" Jones. The man is a certifiable nutcase
Watchable and more importantly didn't feel like a "sales pitch". It was well balanced and it was good to hear from the other key players in the company.
@ERCFC I disagree, the moment to moment price is changing, but, the long term fundamentals are not. Our balance sheet needs to be looked at over a year, not every day. The reality is, we are mining a coins (as well as other revenue streams), the profitability of those remains high (even when BTC is $40k). Due to the BTC being held, the balance sheet is healthy and cash flow appears solid. The fundamentals are in good shape.
The rumour mill is a huge problem. Hopes are built on air and then shattered. People need to just stop. I realise this is never going to happen, but it is such a pointless exercise getting excited about something that has no basis in reality. The fundamentals don't change for Argo. Follow fundamentals, not rumours. If we get NASDAQ, then great, but, the original fundamentals don't change. If we get a mention/recommendation by Musk, then great, but, the fundamentals don't change. If Apple buys bitcoin, then great, but, the fundamentals don't change. If nothing else changes, BTC remains fixed between $40k and $50k, Argo is very profitable, if Pluto falls flat and doesn't "go to the moon", then Argo is still very profitable. Long term that is what counts.
It would be good for the demand and therefore price for BTC if Walmart do indeed hold BTC or have purchased large quantities. However, this also means that when it transpires that they don't or don't hold enough to satisfy people, they will see this as a "bad sign". There is just way too much noise on social media, most of it surrounded by rumour, innuendo, supposition and frequently just monumental *******s. Elon Musk tweeting and causing panic is a great example of this. Of course this morning he then also tweeted that Tesla still hold all the BTC they bought so who knows what the purpose of the previous tweets were? His Aspergers means that he will just say things without necessarily thinking of the consequences to others (remember the whole rescue thing in Thailand?)
https://twitter.com/elonmusk/status/1394170030741413888
@matt007 you literally did complain, which is why I responded directly to you. If you're able to lose half a million pounds and not be overstretched, then congratulations. Also, If you think my initial response was patronising, then you'd really have disliked the response I deleted before I posted that one petal.
@matt007. Who's fault is it that you've overstretched? yours or PW? What research did you do before you invested what I'm assuming is north of £300k in one stock?
This board is hilarious sometimes. The share price has gone up over 3,200% in the last 12 months and is up 397% YTD and somehow PW is doing a bad job? Can someone point out some other companies on the LSE that have done this and then guide me to the forum that complains about their CEO?
Get a grip people. If you've invested at the top price this year and it has gone down, then that is your issue not the CEO's. You should only invest what you can afford to lose and you should diversify your portfolio to your level of acceptable risk. If you have risked everything here (irrelevant of the amount) then you are going to have to make a choice. Accept your losses or hang on and hope you can get a return on your investment. Further, all this talk of NASDAQ is a distraction. If nothing else changes, no NASDAQ, no Texas, no Pluto IPO and BTC remains roughly at this level for the next 12 months, what will the company be worth? Would you still invest? If so, then crack on, but if not, walk away now.
I genuinely don't understand people who invest in a company where they don't trust the people making the decisions or think that somehow they're going to fiddle things. Don't trust the CEO, don't invest. Pretty simple really
@speel if you believe that the BOD are doing these things, they should be reported to the authorities. Also, how on earth can you believe in a company where you think the BOD are deliberately manipulating the share price downward and not working in the best interest of you as one of the shareholders? If I believed any of those things, I'd have run a mile and taken my money with me.
Where are we measuring the dip from? Feb? Jan? yesterday?
The problem with BTC is the goldfish attention span of "investors" the panic caused by any movement at all is fascinating to observe.
Actually @Argobull, only this morning I was looking at the entrails over the shrine in our temple and they clearly told me that by the next Super Strawberry Moon (look it up) we will not only be on NASDAQ, but, bitcoin will be higher than it was and Argo will have taken us to Jupiter via Scorpio. Soooo, pretty conclusive I'd say wouldn't you?
I do so love these "chart" predictions. They appear to be as predictive as sacrificing a goat was for the romans especially when it comes to crypto related stocks.
Is it just me or do bitcoin traders have the attention span of goldfish?
I might even explore the idea of developing a new crypto currency based purely on the energy harnessed by irrational panic.
Over on Stocktwits, the doom and gloom over the bitcoin "crash' following the plan that less than 1% of the population might actually have to pay more tax on profits sent them into a spiralling frenzy. The price has now dropped to the level it was in wait for it...... March. That's just over a month ago. It would have to drop another $10,000 to match the levels of February 2021. Dial it back a bit and obviously the upward trend on all markets (including bitcoin) is upwards over the medium to long term. Breathe people, breathe
I find the reactions on this forum to price movements fascinating. Most of us (myself included) are long term holders, we've done our research, we've looked at fundamentals, we have taken a calculated risk on the share and invested our hard earned cash. We know this is a long hold for serious profits. Then why is it (me included) find ourselves reacting to every small percentage rise or fall? Obviously some of us react by saying "don't panic and holdl" but there's clearly lots who seem to be long term holders but are laser focused on very short term movements. This is not a criticism, just an observation of human behaviour. Even when we're confident, we can be swayed very easily to engage in a bit of panic. btw hodl ;-) #whennasdaqlambo
These threads are now populated by people who don’t understand the fact that different exchanges have different rules and that as Argo is Cross listed (not dual listed) they are governed by the rules of LSE.
Down so much based on what?
YTD return 392.54%
1 year return 4,614.29%
What exactly are people looking for?