Shanta Gold's CEO explains the Q2 production shortfall and emphasises the cashflow strength of SGH. Watch the full video here.
2017 saw a number of 30%+ pullbacks on on Bitcoin forming a series of lower lows + lower highs (Jan Mar June Sept Nov) before regaining momentum. Bitcoin has a habit of dropping far enough to make you think the bullrun is over, before taking off again. The price action occuring now is not unusual in a bull market.
Onchain metrics of largest Bitcoin holders are holding and not moving signifcant amounts of coins to exchanges to sell. (data from glasnode.com, santiment.net, etc)
Summer months considered slower in traditional markets as institutional traders/ brokers go on holiday and volume is low. If said folks are currently involved with Bitcoin, there may be resulting impact in coming weeks/months.
Candle/price action on recent $65K doesn't "look" like a top in my opinion. Tops and peaks often show sharp spikes to the upside supported by huge volume as laggards pile in.
Not enough euphoria from market participants. Again subjective, but I did not feel enough people were jumping around with joy in April.
Not enough normies buying or talking about crypto. I'm hearing more and more people asking about crypto - people who you wouldn't expect to be interested, but I feel there are still a number of newbies/laggards who have not bought in yet. Has your postman started giving you tips on Doge yet? What about Sam the receptionist at work?
April doesn't make sense for Bitcoin to peak. Best time for whales to dump on people is December time when everyone is happy looking forward to Christmas and spending their bonus wages on this thing everyone is talking about called "The Beat Coin".
Most of the above is based on my own intuition and not necessarily fact based. But I trust my gut instincts and the views are my own. If anyone has any doubts this Bitcoin bull run is over, holding investment in a bitcoin miner is probably not a good idea as downside moves will be much more violent compared to holding BTC itself.
Good luck. Bye.
Not sure how it can be determined as market manipulation. The market reacted as result of the tweet - or at least, that is what we believe to have happened. But what if Bitcoin didn't budge an inch from any of his previous tweets? Not sure what Musk's gameplan is, quite bizarre. I do hold some Doge and looking forward to what happens next. God I love the world of crypto! Going back to it now. YOP is finally waking up...
Ryan, I don't know much about Amber Heard to be honest. Just Googled her up and she looks quite hot though? Apparently all the geniuses and visionarys of the world (if you consider Musk one) could all be described as a bit unstable?
Sorry guys, I think i got the marketcap figures for Nasdaq wrong. Think Nasdaq total marketcap is 15 Trillion according to: https://www.nasdaq.com/nasdaq-100
Was trying to prove a point, but getting myself and everyone confused with the figures. But initial point remains - one persons tweet can still move the market, whether its US stocks or Bitcoin. Sorry for any confusion! Bye!
No wait, it was correct the first time round using Nasdaq figures!
Can someone confirm? The larger the marketcap, the more difficult it should be to move the market. Comparing on a like to like basis, Trumps tweet actually had greater impact?
Hi all, I'm currently on a fag break from my appointment with a psychiatrist...
A tweet from Trump last year caused Nasdaq to drop 4.5%.
Total marketcap (today) of Nasdaq is $89 trillion.
A tweet from Elon caused Bitcoin to drop 10%.
Total marketcap of Bitcoin is $850 billion.
Given the larger marketcap of Nasdaq, I think the impact of Trump's tweet was actually greater than Elon's? I sold my calculator to buy more Argo shares, can someone confirm if this correct?Thanks!
Just taking a break from buying my spacesuit for the upcoming moon mission. The shop said they make spacesuits with extra room near the bum for people who easily poo themselves and I've reserved a couple for some of you.
Don't worry about Pearls, he is still bitter that Stanley Gibbons shares have crashed 99% in the last few years, an event likely to turn any bagholder into a bitter and twisted soul. Did you all know that stampsniffing went through a bubble phase in the 1970s eventually popping and crashing the price of stamps? Crazy but true. Perhaps thats why Pearls is so eager to warn us of Bitcoin?
Whether it's Elon Musk, Jerome Powell, Joe Biden or Donald Trump, sometimes comments from high profile figures can often move the markets. Another day, another narrative to navigate.
Bitcoin bounce coming in 3...2...1...
All my comments are for general information use only. The comments do not provide investment advice and nothing said should be construed as being personalised investment advice for your particular circumstances. Before making any investment choice you should always take adequate steps to verify the accuracy and completeness of any information. Past performance should not be seen as an indication of future performance. The price and value of investments and their income fluctuates: you may get back less than the amount you invested. If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial adviser. Wow you actually read the small print.
Thank you Herdie, it’s difficult to keep away from this place as some of you may know. My balls are still in tact and as big as ever filled with lots of testosterone - this may explain my aggression and bluntness at times, but I mean no harm to anyone so apologies if I get carried away sometimes… Good luck to all and have a nice weekend!
Hello, I'm taking a short break from my break from this place to gloat a little. It may only be temporary but just like the trolls who only comment on down days, allow me to pleasure of commenting on an up day. So...
Where are all the people calling for Bitcoin to keep crashing? Bye bye
Where are all the people calling for ARB to drop to 50p? Bye bye
Where are all the people mocking those who bought the dip? Bye bye
Where are all the people blaming the "rampers"? Bye bye
Where are all the short sellers who sold hoping to buy back at a lower price? Are your sweaty fingers hovering over the buy button nervously hoping for the price to drop? Good.
Yes I feel better now, thank you.
All my comments are for general information use only. The comments do not provide investment advice and nothing said should be construed as being personalised investment advice for your particular circumstances. Before making any investment choice you should always take adequate steps to verify the accuracy and completeness of any information.
Past performance should not be seen as an indication of future performance. The price and value of investments and their income fluctuates: you may get back less than the amount you invested. If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial adviser.
Thnk Stnz is just a little frustrated by these types of posts which seem to occur on a regular basis. Person buys, price drops, person creates a post moaning about price. Understandable people are upset being in the red, but a common theme I've noticed is people haven't given the SP much time to develop. Last time price was 145p was 12th Feb, so anyone who bought since then are likely down. That was 3 months ago. Not that long really. If people are grumbling after only 3 months invested, perhaps they need to reevaluate their strategy and goals.
^ That was me trying to be "nice".
What I really wanted to say is: STFU grow some balls and HODL. If you can't handle volatility or wait longer than 3 months, you shouldn't be investing in stocks, let alone crypto-related ones.
Take your pick on which answer is more helpful. I'm done on this board for a while, trolling the trolls has turned me into a troll myself. Thank Pearls you t w a t. Good luck everyone, will see some of you on the moon. Bye.
Basher, agree that history can sometimes help guide us forward, but my point was that if Argo was at say 300p, you not be posting your comment today.
It’s also useful to factor in multiple timeframes when comparing SP performance. Big difference when comparing on 1 day, 1 week, 1 month or 1 year timeframes.
1) Most BTC miners all performing poorly this month. The exception is Bitfarms who are beneftting from news of Nasdaq listing.
2) Argo top performer year to date
3) Argo second highest performer over 1 year period
3) Stanley Gibbons worst perfomer year to date
4) Stanley Gibbons worst performer over 1 year period
Bitcoin on the move up and alts are rising too. How long will this last? 5 minutes, 5 hours, 5 days? I dont know the exact route Bitcoin will take over the coming weeks and months ahead, but I am 100% convinced the ultimate destination will be 6 figures by end of year. It has been programmed. Bitcoin has confirmed to be in a bull market ever since it surpassed $20,000 last December and there is NO reason for it stop now after only 6 months. Coins like Doge are pumping hard and whilst annoying and confusing to some, this exuberance serves as a handy reminder that we are indeed in the middle of a BULL RUN. We are going UP. Do not fight the trend. The trend is your friend. When the stars are aligned Argo and every single Bitcoin miner WILL pump. Even the dodgy ones like BitDigital and SOS. They pumped in January/February and they will pump again. It's inevitable. But only when the time is right. Personally, I wasn't expecting the miners to perform the way they have in the last few months, but I do believe we are waiting for a strong assertive breakout from Bitcoin. Last few months Bitcoin has been acting a bit indecisive, and whilst breaking new highs it quickly pulls back again. Once Bitcoin breaks out with strong conviction with multiple weekly green candles in a row (similar to November to December and start of Feburary), it will only be a matter of time until the miners follow. It's inevitable. All we need to do now is wait. Do nothing but wait. Quite easy when you think about it, but often it's the hardest thing to do. Don't care if you bought at 3p, 30p or 300p. Just wait. Only people with diamond hands and big balls will make it to the promised land. It has always been this way.