Member Info for london_balling

Don’t get your hopes up... or to put it another way, don’t write a cheque your arse can’t cash!

£2.48m is a tad higher than expected even though 93 is a smidge lower!!!

The HODL is great news! Takes us top 10 in publicly listed companies with Bitcoin assets!

That’s a nice RNS

Maybe not today, maybe not tomorrow, but some day, and soon!

Gamestop would like a cent to matter.... down $140 today to $87

I've got 1.20 close... so 7% up, same as Riot with Mara 9% up.... not too bad.... both of those are trading after hours on the Nasdaq too - another perk!

Volume so far today....

ARBKF 2.1m
RIOT 13.5m
MARA 21.2m

Nasdaq makes a difference....

Apologies as I can't find the original source this time... but tonight's 'sit down for bitcoin news' is that the number of shorts reduced by 25% since the start of the weekend and dropped by 12% alone in the past 24 hours.... if that's what causing this pleasant increase in BTC temperature them long may it continue!

Not sure they were brought in to persuade Hank the tire salesman from Illinois to pony up $400 on a Tuesday afternoon.... I suspect they are working behind the scenes talking to US IIs.... with the best will in the world I really don't think any of us (Maybe Albert) matter too much in the grand scheme of things.... 350m shares means potentially tens of thousands of investors... they're whale fishing, not after small fry, is my guess!

They are further down the road than we are by miles. Not a fair comparison. Six weeks ago there were no trades over there whatsoever..... zero... it wasn't listed.... now it's 700% up from its listing price... see where we are in six weeks.

Looks to be a bit of a H&S on the bitcoin chart which might get us there

This is the calm before the storm imo... in terms of volume, here and in the US, even in the number of posts and tweets about Argo.... this is our breather before the next leg....

Yes that's definitely what I want Gladiator ... I c&p the para with it the wrong way round, I tried to apologise below....

From an investor's point of view not sure there are any drawbacks to them doing so.

https://twitter.com/Bloqport/status/1356342926750715905?s=20

I'm still not sure there are any downsides... other than immediate cost... but we seem to have cash in hand at the moment....

Ignore that paragraph - just check the link further down..... it has both split and reverse split on there which threw me haha

https://budgeting.thenest.com/disadvantages-stock-splits-24742.html

I kept asking what possible downsides there could be to this? I found this answer:

Splitting a stock reduces the value of a single share, making it easier for smaller investors to purchase the stock. Some companies, however, don't want to make their shares easier to trade.

This is because of volatility. Volatility refers to the price change of a stock. When a stock's price changes frequently, investors refer to the price as volatile. Generally, the more volatile a stock, the riskier an investment it is.

Like all goods and services, stock prices fluctuate with supply and demand. The more affordable a stock, the more likely day traders and other short-term investors are to purchase it. Once share prices drop after a split, more impulsive selling is common. As these frequent traders buy and sell the shares, they impact the stock's price and may increase its overall volatility. To combat this, some companies prefer to keep high stock prices where they are rather than splitting their shares.

https://budgeting.thenest.com/disadvantages-stock-splits-24742.html

I got lucky with my timing too. I bought in on my birthday in July at 4.6p. Just a £500 starter as I'd been reading up on BTC and I thought it seemed crazy undervalued. I added at 5p, 8p, 9p but never had proper courage in my convictions as it still seemed too good to be true. Things started to roll and I sold a load of gold miners to double my holding at 12p and got rid of my silver sitfolio to go all-in at 99p, 1.07p and 1.30p. Managed to find some change for a 63p top-up and I'm now holding just under 100k at an average of now 52p. And whoops, no, I haven't sliced yet. The one thing I have noted is that every single stock I sold to move the cash here is down since, which makes Argo fluctuations a lot easier to stomach.

It's been mentioned on here a few times but this might help keep things in perspective.... would hate for anyone to get any nasty surprises.

One of the main considerations which isn't mentioned here is that NY is the only time when it is socially acceptable to gift cash in Chinese culture and so the tradition is often to cash out assets in advance and hand over cash in red envelopes to help the recipient begin the new year in good financial health. It will be a factor in the next two weeks... how much though, nobody knows.

https://www.fxstreet.com/cryptocurrencies/news/here-is-how-the-upcoming-chinese-new-year-could-impact-bitcoin-price-202102011413?utm_source=tco

What'll be first, the SP or my filter list....?