Member Info for K3VMC

Muscles12

“ Looking at the charts arb are ready for some upward movement I’d say £1.10 tomorrow can be achievable or Friday the latest”

Typical ramping from this board. Don’t get sucked in by him, he just wants to dump his shares on you before btc crashes.

Sea wolf, sorry to see you go. I think WRES is about to come good, but I admit it has tried the patience of many of us for too long. Good luck over at SAR.

Nate-Pi

Apology accepted.

“ Apologies in advance if this doesn’t fit with the ramping narrative of the board, but it’s the harsh reality.”

Interested in your comment. What do you regards as a ramping narrative.

Can you identify any ramps?

The basic question seems to be, will Bitcoin survive.

If you think it won’t survive, then Arb will fail, you should take the hit and cash out now.

If you think it will survive, then ARB is profitable all the way down to $10k, or thereabouts. I am impressed by the confidence Saylor, Keiser and Wall have in btc getting to $100-200k by November, but I don’t need that level to keep me happy. Any gradual drift up from here is good enough for me.

For my thinking, Wall Street is gearing up to sell btc based products, while countries are moving towards it and SPECIFICALLY, big institutions and EFTs are buying ARB.

Good luck, whether you jump overboard, or stay on the boat.

Exciting ride, for sure!

:-))

Nate-Pi

Please. The adults are trying to talk here.

Promised myself I wouldn’t buy more, but I’m not turning down 94p.

The shorts have to close at some point. Same as on btc.

Troajan

“ are they here?.....i think we all,know the answer,to that”

Ain’t that the truth!

miseryguy get in the box

misterbeck

“ Sorry not trolling just enjoy correcting you.
Still I will try to "make it mire sensible" for you in future.”

Goodness me! I have made some perfect howling mistakes in my life. If you want to wet your trousers over my typo, please, please be my gest! :-))

Muscles12

“ Lol don’t upset our k3 he likes his dummy”

I actually, truly, madly, love you. Never leave me! XXXX

misterbeck

“ Ok so show me a survey which says the opposite to this poll and categorically shows popularity and bitcoin usage in El Salvador...”

I can’t. There isn’t one. El Salvador is financially backward. That’s why they jumped into Bitcoin.
That’s why they are being given $30 in Bitcoin, to try it out. You cannot expect universal acceptance, until after they try it, can you?

“Also 70% of the adult population aren't financially savvy enough to create their own personal bank account, how on earth do you think they are going to be astute enough to manage a bitcoin wallet?”

They are not stupid. 37.8% of the population live in rural countryside. There are half as many banks per 100,000 as there are in the U.K. and they are predominantly in cities. The rural poor will have to travel to Western Union banks to collect their share of the $5bn remittances from the US, but with btc and a phone app, the can receive the money more quickly, more cheaply and at home. There are 149 mobile phone contracts per 100 people.

https://www.statista.com/statistics/502048/mobile-cellular-subscriptions-per-100-inhabitants-in-el-salvador/

Anyway. Please keep trolling, but make it mire sensible. It’s not something my morals would allow me to do, but I am benefiting from it, so I’ll let you lie in peace.

El Salvador GDP is $25bn, of which $5bn is sent from the US, mostly via Western Union, which is slow, expensive and inconvenient.

misterbeck

“ The results of the survey, conducted among 1,233 people across El Salvador, indicate that Salvadorans are mostly not in favour of the adoption of cryptocurrency in the country. Overall, less than 20% approved of the cryptocurrency scheme. The survey also showed that 46% of respondents knew "nothing" about Bitcoin. Finally, almost 65% said they would not be open to cashing in with the cryptocurrency.”

Surveyed 1,233 people, of whom 800 had never heard of Bitcoin.

Next!

misterbeck

“ mind you it was subsequently discovered in a nation poll that 75% of the population rejected it.”

93.52% of statistics are made up spontaneously.

I expect you have an authoritative link for your 75% “rejection”.

Anyway 2m of the 6.5m are minors, so mean nothing in this context,

HarChris, Morningstar has 15/16 pe to the end of the FY, and doesn’t account for the recent 30% reduction in mining difficulty.

My pe is post reduction and rolling 12 months from July. I use it to make my investment decisions and accept that no-one else cares about it.

As Hexam posted, I was only calling out the troll, who said “his subscription to Morningstar “ gave him a pe of 269. He should have researched his lie better. Most of Morningstar is free to use and it clearly states just over 15%.

Nobody can be surprised at the lies these people chuck about.

HarChris

I’m an investor, not an accountant. If we were in November and we trebled our income, I would not be interested in how the increase affects the p/e to 31st December. I would be interested in what that means for the p/e over the following 12 months. Basing an investment decision on a particular accounting period using out of date data is of no interest to me, so accept their 15-16 and Chuck it out the window.

HarChris

https://www.morningstar.com/stocks/pinx/arbkf/quote

This has forward p/e of 15, but that is before accounting for 30% reduction in mining difficulty.

Investorvalue

“ Well, I don’t have a subscription, but their current p/e is 17.06, based on last years revenue of $20.47m revenue. ”

For the avoidance of doubt, those figures come from Morningstar.

Btc shorts up to 15,599, but btc refuses to lie down and die, because individuals, banks, IIs, whales and sovereign states keep buying.

Bitcoin trickles up, shorts bash it down, again and again, but bad news, shorters, you have to buy your way out of here. Deil tak the hindmaist. :-))

investorvalue

“ k3 i have a subscription from morningstar and it shows a p/e of 269 which is absurd. i will calculate myself though. if that p/e is right this is insanely overvalued”

Well, I don’t have a subscription, but their current p/e is 17.06, based on last years revenue of $20.47m revenue. Revenue for the current year will be $76.5m+, so based on your site’s data, the P/E ratio will be 4.53. QED. So this is insanely undervalued, for sure!

Thank you, I had forgotten about Morningstar.

https://www.morningstar.com/stocks/pinx/arbkf/quote