I feel that the fundamentals in SGI could turn slightly positive in the future but fear that a further share price decline is expected before that happens. I have set a target buy in price for this for 1 million shares and and will be posting the cash to my broker tomorrow, going to be efficient and use a 2nd class stamp as don’t think they will need to function the trade imminently. Now where did I put that ten quid ???
RE: Guess the poster. WARNING: hypocrisy overload26 Apr 2021 21:15
Delacey I fully agree, Pearls original posts on ARB were quite humoured and blatant cross ramps presuming everyone in ARB was speculative and care free with there investments with a potential cash cow that could be diverted into SGI. Then realising we are actually a well informed bunch of serious investors ahead of the market, they decided to troll instead. Quite sad really. Someone just posted to sell a Penny Black and would they exchange for Bitcoin LMFAO ATB mate
very good interview and provision of information. biggest takeaway for me was regarding how much interest they have received from institutions and big players who have not yet invested in crypto or the miners. She was expecting this to achieve lift off soon as at the moment the mining space seems barely recognised by the big investors. hopefully amazing times to come. GLA
RE: Bitcoin bull run... we're only at the beginning26 Apr 2021 12:53
the ATH in previous bull run was end Nov in 2013 and mid December in 2017. agreed that at the moment the trend pattern for this bull run is of similar characteristic to the previous two. In previous runs, it wasn't until Q3 that the really big increases occurred. in 2013 the BTC ATH in December was multiple of x14 that of the price in April of that same year, in 2017 the multiple was x9. huge potential here if we are on the same path!! GLA
Pearls Curious to understand how much actual factual understanding you have on BTC and ARB. Do you know how many Bitcoin are mined daily and will be for the next 3 years across the entire network? You offer only negative speculation with no substantiation of what you suggest.
SABY16 everyone who invests has to make their own assessment of risk, whether you plan a long term, mid term or day trade investment that suits their individual circumstance. ARB and BTC from December to March have followed a similar trend path but it is not an exact match, sometimes ARB will precede and other times lag, it is only since beginning of April they have had some divergence in trend path, as BTC rose and ARB dropped along with most of the mining fraternity. From this divergence though their paths are just about back together and looking to cross. As you say, your sentiment is reflected by the current price and your position, markets will constantly ebb and flow based on mass sentiment and is generally dictated by players much bigger than ourselves, all we can do is try and make best assessment of that movement and use it to our advantage. i hope your position changes for the better in the near future. good luck and thanks.
Morning All I always find it way less stressful to take a helicopter view of my investment in ARB and then just zoom in if i need some specific detail, when you view the larger time frame the volatility seems a lot more predictable. There is always lots of discussion regarding the correlation of BTC and ARB and my own view on this is that they are intrinsically linked but definitely not synchronised, i.e BTC is up and ARB goes down and vice versa. i always look to the fundamentals for ARB and chart out the historical and current progress of the companies performance which over time allows me to take a snap shot for any given moment to gauge sentiment or PE ratio, the fundamentals in ARB are updated and available on a monthly basis and for the foreseeable they are improving month on month. I take account of HODL, monthly mining, shares in issue, BTC price, margin etc to give me forecast Mcap and share price at a given point in time and also allows me to forecast future potential SP for various PE ratios based on maintaining a constant formula for the calculation. From recording and mapping out the above i have found that the SP fluctuations have ranged from a low PE of 3 to a high of 27 relative to the fundamentals at the applicable point in time. This leads me to assess that at the moment that fair market value would be somewhat centred between the high and low PE of about 15. Based on current price for both ARB and BTC i have the PE at just under 8, which is relatively low and of recent weeks all of the miners have taken a beating on sentiment and price even though BTC has hit ATH within the last 2 weeks. With volatile stocks you will always have significant swings in sentiment but they will tend to rotate around the fair market value and i use this to gauge any potential entry or exit. It is my own view that the current BTC bull run is still intact but could still have a retrace down to around $43k level before the next big leg upwards and i have an expectation that both the BTC and ARB prices at the later end of this year will be incomprehensible for some. I am a LTH in ARB, in since the IPO, and expect to be for some time to come as i take the long term view on the fundamentals, there are still a lot of LTH's invested in this stock and for good reason..............because they look beyond tomorrow and next week's SP. For any relatively new to ARB and unfortunately showing red on there accounts i would just urge you to review the historical information available for both BTC and ARB and then make your own assessment for the future direction of each, it may just calm your nerves some. These are my views only. GLA and ATB
a 25 - 30% retrace from a high is normal operating procedure for BTC prior to rise to new ATH. bottom for this move should be around $45k. no concern for me on this current trend, it is following expectation. GLA and ATB
the usage type of the Texas facility has still to be confirmed but would seem it will be more diversified than just BTC mining. use of epic rigs, immersion tech etc etc. for the basis of comparison though, if they were to use the 200mw for bitmain s19pro then that would give 61,500 machines capable of 6,700Ph, if you combine that with the expected hash rate to end of Q2 of 1685 then gives us a total over 8,000PH. this would be an estimated 1,000 BTC per month at current network hash rate and difficulty. by comparison, MARA is announcing they will have 10,000PH by Q1 2022, ROIT expected to have 4,000PH by Q4 2021.