Member Info for lunq

KGR if you don't like speculation or predictions why did you choose stockpicking as a hobby? lmao.

Since you've only been trading for less than a year, you're bit of a noob, but thats ok since we all have to start somewhere. You made an excellent choice in selecting Argo, so congrats on that. Your investment has likely grown considerably and you may be feeling emotional. It happens to many people. Whether it's a sudden increase or decrease in wealth, money can make people act in weird and wonderful ways.

Argo is a fine stock to hold and all we have to do is wait. That's it. Wait for the price to higher if that's what you think it will do, then sell when the time is right. In the meantime, just relax and breathe.

Bitcoin is a completely new and different asset class and unlike anything you older guys have seen before. Old school rules do not apply. Said this before, Argo is directly linked to Bitcoin's price. The higher Bitcoin goes, the higher Argo will. I'm not even talking about valuations, share dilutions, hashpower, listings and what not. That stuff helps but it doesn't matter as much as you might think. Not for Argo or any of the other miners anyway. The CEO could get run over by a bus tomorrow, and the share will still continue to climb this year. It's all about the price of Bitcoin and how far it will go. Look at OnlineBlockChain OBC recent share price perfomance. Then look at its financials, lol. It doesnt make sense it should pump, but it has. Purely because of Bitcoin.

Bitcoin is not a value trade, it's momentum-based driven by sentiment and narratives. It wlll continue to climb and climb...until it doesn't. Then it will peak and we enter another bear market. Institutional players won't save it from falling. These guys are buying now at $20k,30k,40k (which means we are still early), but they won't be buying the peak. The laggards will. That's when you sell Argo and Bitcoin. Not a moment sooner. December will be the time. Many will give you price projections and targets, but few will give you a specific date. Bitcoin will peak on 16 or 17th December 2021. Yes, I have big balls to make such predictions (not of the crystal variety....) but if you don't have a strong opinion or thesis about your investments, then you may as well stick your money in an index tracker.

Bitcoin to the moon. See you there...if you dare.

///

George Soros: “If the stock goes up, you buy more, You don’t care how big the position gets as part of your portfolio. If you get it right, then build.”

Warren Buffet: “Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.”

https://www.forbes.com/sites/karlkaufman/2018/07/24/heres-why-warren-buffett-and-other-great-investors-dont-diversify/

Ah my mistake, you're right about the maths, dear mathsman!

Let the winners ride, old chap. Argo is the strongest horse in the race in my opinion. It had a slow start, but it's picking up speed. No point diversifying and buying a donkey when you have a stallion on your hands :D

Mathsman! How's your 2% allocation to Argo doing? Must have risen a bit by now :D

I see Bitcoin is now closer to $80,000 rather than $8,000 ;)

"you either get it or you don’t"

Agree with this 100%. I get it. I never used to, but I understand now. The market cycles. The onchain metrics. The charts. The institutional money. The regulation. The signs of adoption. The money printing, etc. Once you understand, you just 'know' what is coming for Bitcoin. But it can take time for newer guys to figure out.

I would wager that most people here who have overweight positions in Argo, already had experience in Bitcoin/Altcoins. I'm not sure if it's possible to have utter conviction in Argo, if one doesn't even own any Bitcoin. It's not even about Argo at the end of the day - it's all about Bitcoin. The king. Long live the king. :D

pentecle, No offence, my comment wasn't necessarily directed at you. But yeah, deramping is a thing, and I personally find it quite annoying.

Gotta love all the derampers that suddenly pop up expressing their 'concerns' whenever a red candle appears lmao. You are ****ing in the wind guys!

Probably because Argo has done a 10x in a month and some people are closing their positions before the weekend.

Thanks Lazypunter, I appreciate your comment. We are all here to make money, so let's try to share information, learn from each other and have a good laugh along the way :)

Watch out, America! The British Bulldogs are coming to conquer and colonise! :D

I've noticed a few folk who have regrets over selling too early, or are unsure when to sell. It's always difficult selling the tops and buying the bottoms, but newbies should understand that the price of Argo is directly correlated to the price of Bitcoin. As long as Bitcoin rises in value, so should Argo. So the key is knowing when Bitcoin will peak - that will be the optimum time to sell Argo.

How to know when Bitcoin will peak? There are varying opinions on when this will be. Last Bitcoin peak was in Dec 2017. Prior to this was Dec 2013. My own estimate based on previous market cycles is that Bitcoin will peak in Dec 2021. Some will disagree with the timeline, but all Bitcoin/crypto holders are in agreement that we are in a macro bull cycle meaning Bitcoin has plenty of room to run and should easily hit 6 figures.

Don't listen to me, do your own research, blah blah. Yeah yeah, heard it before... but it's important that you do. Try to fully understand what you are putting your money into, so you can invest with full conviction and have the courage to hold through any pullbacks.

Argo/Bitcoin/crypto/altcoins is an amazing opportunity - play your cards right and you can make lots of money, retire, and never return to your covid-infested work cubicles. Besides, by the time Tier 20 Lockdown is eased and you are allowed to return to work, it's likely a robot will have taken your job anyway. I'm fortunate to have retired from my investments in crypto and I'm not even close to being a boomer lol. My biggest wins come from holding long-term and not short-term trading.

Anyway, congrats to all. I'm celebrating by going to Poundland and buying a dozen rolls of toiletpaper :D

In the UK it's tier 5 and ARGO whilst in the US it's tear gas and RIOT.

Yes, the Americans getting on board is an important pivotal moment. I would suggest filling your bags with as much as ARB as possible before they are fully in, when I expect things to get volatile and crazy (in a good way).

When Bitcoin was hovering under $20,000 (ARB was around 10-11p), I said that once the all time high was broken there was no turning back. That was the last pivotal moment. Millions of Americans getting easy access to ARB is the next important phase of this journey.

Good luck to everyone. Dream big. HODL. Don't get shaken out. Don't sell too early. And see you on the moon :)

I agree that Bitcoin is not necessarily being adopted as a means to protect against fiat devaluaton, but rather, as a vehicle for speculation to make more fiat money. Whilst adoption is usually permanent. Speculation is mostly temporary.

Recent Bitcoin news can be easily interpreted as mainstream adoption, but it’s mostly speculative shilling by money managers. Whilst Paul Tudor-Jones, Stan Drunkenmiller, Ray Dalio, etc, speak a convincing narrative of Bitcoin acting as the perfect hedge against fiat devaluation, it’s nothing more than a shill. They are planting the seeds.

Beginning of The End.

It’s likely Bitcoin’s peak will occur after a huge parabolic run, finishing with a volume spike created by the laggards who finally buy into this thing called ‘The Beat Coin‘ which they heard about on Facebook...

The laggards frantically smash marketbuy, FOMO-ing into the bigger players’ existing sell orders. There is a sudden sharp spike in the price. Boom! - Bitcoin hits $250,000. Euphoria!

“I am a genius!”

“We are going to be rich!”

Everyone, including John from the pub, Pat the friendly postman, and Sharon the receptionist at work, are already in. There is now no one left to buy.

Technical indicators are flashing overbought signals not seen for years. Traders begin selling. Short positions are loaded. Smart money continues exiting.

Boom! Suddenly a red engulfing candle appears on the chart. The price starts to drop. Minutes later, another red candle appears and the dip accelerates.

Newbies in Telegram channels shout: “Buy the dip, buy the dip!”. Some people listen and place a buy order for $100. Boom! Another red candle emerges as a further $1,000,000 worth of Bitcoin gets sold.

“W-w-what’s happening guys, why is it dumping?!”

“Don’t worry, it’s just weak hands. We just need to cool off for the next rally.”

Sure enough, the price starts going back up.

“See! I told you it would bounce soon.”

It’s a dead cat bounce. A relief rally. Another red candle appears. More shorts are loaded, and the price continues to decline over the next few days...

The phone pings. It’s a text from Aunt Sally:

“This dip is taking longer than expected?”

“Don’t worry, it will come back soon.”

The BBC runs a news segment reporting of the ‘Bitcoin Crash’ comparing it to Tulip Mania.

An article by Jamie Dimon starts trending on Twitter, retweeted by thousands. He says Bitcoin is backed by nothing but thin air, and has no intrinsic value.

Bitcoin continues dumping the following weeks and months ahead. It’s an utter bloodbath.

“Everyone is selling. I need to get out! I’m getting 100% out of the markets.”

Capitulation occurs.

Retail is depressed, vowing never to buy ‘The Beat Coin’ ever again.

“Why did the goverment allow this to happen??”

Months later after the dust begins to settle, smart money starts thinking about accumulating.

This time won’t be different.

https://static.coindesk.com/wp-

This time is different right? Nah I personally don’t think so. Btc moves in 4 year cycles and if it repeats 2021 will be the top IMO. Nothing last forever and BTC/crypto moves in cycles much like precious metals albeit at a faster rate.

http://bitcoinandblockchainstocks.com is big list of blockchain companies for anyone interested.

I said before the real party starts with BTC at 20k. Well I guess its started now. But it also means time is now ticking before it ends. BTC will eventually reach its next all time high...and then crash into a bear market and everything dumps. Miners and Alts included. Time is ticking. Make the most of this opportunity because it won't last forever (my guess is BTC reaches all time high in approximately 1 year from now). Good luck all.

Spitfire all your previous comments regarding ARB are completely negative. So much so, it looks like you're deliberately trying to talk the price down? lmao.

If you're not happy with your investments, you can always sell and move onto others lol. RIOT, MARA, HIVE, HUT, BTBT, etc all showing nice price action. Other companies to consider include the likes of Microstrategy, Cleanspark, Silvergate, Digital X, Galaxy Digital Holdings, etc.

Costs/margins/financials, etc, play a helpful role in determing a company's valuation... but I think one should not discount the power of FOMO/greed which can push prices to the extreme (especially in crypto/crypto-related stocks)

If you ever researched miners such as Riot Blockchain or Marathon Patent, you'd know they have more red flags than a communist flag shop. Their financials/management are questionable and the shares may be considered 'overvalued' based on standard valuation metrics - but looking at their recent price action, people don't seem to care.

Ultimately, market participants dictate the price of an asset, but I wonder what percentage are investing after carefully calculating the figures versus those who buy in because they see the number go up and want a piece of the action.

Relevant reading:
https://www.cnbc.com/2020/12/07/jim-cramer-young-investors-changed-the-entire-character-of-the-market.html